Bitcoin Fighting At Critical Support Ahead of the Weekly Close: BTC Price Analysis - BitcoinEthereumNews.com
Bitcoinसाप्ताहिक समापन से पहले बिटकॉइन महत्वपूर्ण समर्थन पर लड़ रहा है: बीटीसी मूल्य विश्लेषण02 / 19 / 2022बिटकॉइन एथेरियम समाचार After bitcoins move towards $45K turned into a fakeout as BTC got sharply rejected, the recent price action turned short-term bearish, with a critical level to watch at $40K. The uncertainty and the low liquidity status in the crypto markets have led to a volatile period that is also highly correlated with the global markets. Fundamentals such as the Ukraine – Russia conflict affect both global and the crypto markets. Following two disappointing weekly candles, Bitcoin eyes this weeks candle close, at what could turn into a critical moment in case of a close below the critical support. तकनीकी विश्लेषण द्वारा: शायन दीर्घावधि The bitcoin price was rejected at the multi-month resistance descending trendline (marked blue on the following chart). On Thursday, Feb 17, bitcoin dropped below the critical moving averages – 50 and 20-day MAs – showing that bears arent about to give up and are selling during rallies to exit the market. In addition, the price failed to form a higher high on the daily time frame, which was essential for a reversal scenario. BTC is currently trading above the $38-39K support, along with the ascending yellow