Bitcoin Struggles above $39,000 Support, May Face Another Decline - BitcoinEthereumNews.com
The price of Bitcoin (BTC) is in a downward correction after the price fell to a low of $38,038. Today, buyers are trying to push the cryptocurrency to the previous highs. n The BTC price is above the breakout level of $39,105 at the time of writing. On February 4, bitcoin rallied from the support at $39,000 and reached the overriding resistance at $45,000. To the upside, the BTC price will regain the previous highs if the previous price movement is repeated. n On the other hand, if Bitcoin fails to recover, it could face resistance at the moving average of the 21-day line. BTC/USD will fall to the breakout level. The bears will try to drop below the $39,000 support. If the sellers are successful, Bitcoin will lose the $39,000 support and fall to the low of 36,000. Meanwhile, the price of BTC is struggling to break above the 21-day moving average. n ตัวบ่งชี้การอ่าน Bitcoin n The price of BTC is at level 39 of the Relative Strength Index for the period 14. The largest cryptocurrency is in a downtrend and near the oversold zone. The price bars of BTC are below the 50-day line and the 21-day moving average line, indicating