Bitcoin Price Watch: BTC Dips Remain Supported Above $3,860

2019-1-8 10:00

Bitcoin price started a downside correction after trading above $4,080 against the US Dollar. There is a major bullish trend line formed with support at $3,940 on the hourly chart of the BTC/USD pair (data feed from Kraken). The price is likely to find bids near $3,940 and $3,900 for a fresh upward move in the near term.

Bitcoin price corrected lower below $4,000 against the US Dollar. BTC is now trading above the $3,940 and $3,900 support levels and it could bounce back.

Bitcoin Price Analysis

Yesterday, we saw a nice upward move above $4,000 in bitcoin price against the US Dollar. The BTC/USD pair gained bullish momentum and traded towards the $4,100 level. A new weekly high was formed at $4,084 and later the price started a downside correction. It moved below the $4,000 and $3,980 support levels. Moreover, there was a break below the 23.6% Fib retracement level of the recent upside from the $3,759 low to $4,084 high.

The price traded close to the $3,900 level and tested the $3,920 support. There was no complete test of the 50% Fib retracement level of the recent upside from the $3,759 low to $4,084 high. At the outset, the price is consolidating above the $3,950 level. On the downside, the main support is near $3,950. There is also a major bullish trend line formed with support at $3,940 on the hourly chart of the BTC/USD pair. Below the trend line, the next key support is near the $3,920 level. On the upside, there is a connecting bearish trend line with resistance at $4,000 on the same chart. Therefore, the price could make the next move either above $4,000 or below $3,920 in the near term.

Looking at the chart, bitcoin price seems to be preparing for the next move either above $4,000 or below $3,920. Above $4,000, BTC could test the $4,080 and $4,100 resistance levels.

Technical indicators

Hourly MACD – The MACD for BTC/USD is now placed in the bearish zone, indicating a negative bias.

Hourly RSI (Relative Strength Index) – The RSI for BTC/USD is well below the 50 level, with a bearish angle.

Major Support Level – $3,940

Major Resistance Level – $4,000

The post Bitcoin Price Watch: BTC Dips Remain Supported Above $3,860 appeared first on NewsBTC.

Similar to Notcoin - Blum - Airdrops In 2024

origin »

Bitcoin (BTC) на Currencies.ru

$ 67500.65 (-0.01%)
Объем 24H $27.285b
Изменеия 24h: -1.47 %, 7d: -1.66 %
Cегодня L: $67187.68 - H: $67602.6
Капитализация $1330.183b Rank 1
Цена в час новости $ 3824.96 (1664.74%)

price above btc bitcoin 940 860 watch

Источник: newsbtc.com

price above → Результатов: 126


Фото:

Algorand (ALGO) could advance even more in the ongoing bull market, but the risk remains high

Algorand’s (ALGO) price has advanced from $0. 33 above $1. 80 since the beginning of the 2021 year, and the current price stands around $1. 42. The cryptocurrency market continues to trade in a bull zone; Bitcoin has stabilized above the $59000 level, indicating that the price could advance again above the $60000 resistance level.

2021-4-12 19:34


Фото:

Ethereum Breaks Out of Bullish Triangle as CME Futures Listing Boosts Price

Ethereum saw a massive rally today that has allowed its price to firmly break above $600, which has long been a resistance level Following the break above this resistance, the cryptocurrency rallied as high as $630 before its rally got overextended and resulted in it retracing down towards $615 It is recovering from this pullback, but the price just above where it is currently trading at may persist as a strong resistance level in the […]

2020-12-17 00:00


дальше еще 77 новостей →

Партнеры Currencies.ru

Аналог Notcoin - Blum - Играй и зарабатывай Монеты



Реклама на Currencies.ru

Самое свежее на Currencies.ru

Bitfinex analysts predict Bitcoin surge as Dollar Index dips

Bitfinex analysts anticipate a bullish second half for Bitcoin as the Dollar Index's decline signals potential growth for the cryptocurrency. The post Bitfinex analysts predict Bitcoin surge as Dollar Index dips appeared first on Crypto Briefing.

Animoca Brands “comes to Bitcoin” with OPAL Protocol

Animoca Brands says Bitcoin is ready for Web3. The blockchain gaming giant will collaborate with Darewise and OPAL Protocol to launch a new era for gaming, DeFi and Web3 on BTC. BLIF, a new token of the OPAL Protocol, will power the ecosystem.

WOO unveils innovation hub focused on Bitcoin’s ecosystem

WOO plans innovation hub expansion to bolster Bitcoin’s ecosystem The new initiative will focus on projects bringing Bitcoin Layer-2s, RWA, DeFi, AI and DePIN to the Bitcoin ecosystem. WOO has announced plans aimed at using its innovation hub and the WOO token to power the next growth chapter for the Bitcoin (BTC) ecosystem.