ביטקאָין פּרייַז אַנאַליסיס: בטק פארווארפן קאַפּויער ווידער ביי $ 45,000, גרייט צו צוריקקריגן?

TL; DR ברעאַקדאָוון

• ביטקאָין פּרייַז אַנאַליסיס איז בייז הייַנט.
• BTC/USD continued testing upside overnight.
• Quick spike higher with rejection seen again over the last hours.

Bitcoin price analysis is bearish today as we have seen upside rejected again after bulls did not stop yesterday. Since another strong rejection candle formed at $45,000, we assume BTC/USD has likely peaked and now heads to retrace.

The market has seen mostly bullish results over the last 24 hours. The leader, Bitcoin, gained 1.5 percent, while Ethereum 1.27 percent. Solana (SOL) is the top performer, with an almost 6 percent increase.

Bitcoin price movement in the last 24 hours: Bitcoin continued to test upside, rejected at $45,000

בטק / וסד טריידיד אין אַ קייט פון $ 43,432.85 - $ 45,077.58, ינדאַקייטינג אַ מעסיק סומע פון ​​וואַלאַטילאַטי אין די לעצטע 24 שעה. די טריידינג באַנד איז דיקריסט מיט 18.03 פּראָצענט, אַ גאַנץ פון $ 29.73 ביליאָן, בשעת די גאַנץ מאַרק היטל טריידז אַרום $ 840.24 ביליאָן, ריזאַלטינג אין אַ דאַמאַנאַנס פון 43.2 פּראָצענט.

בטק / וסד 4-שעה טשאַרט: בטק גרייט צו פאַרקערט?

On the 4-hour chart, BTC has posted another spike higher over the past hours, with sellers quickly returning the market towards the previous consolidation, indicating an upcoming reversal.

Bitcoin price has seen a strong show of strength over the past days. After another higher low was established at $37,000 on the 28th of February, a massive rally took the market towards the next major resistance at $44,500.

From there, the market continued to test more upside, with another spike higher seen yesterday to $45,000 and today to $45,400. Both times bears quickly pushed the market price down, meaning a likely end of the current advance.

Therefore, we expect the Bitcoin price action to reverse soon and start to retrace. Likely a higher low will be set above $39,500 previous major support, allowing for a base to be set up from which to continue testing further upside later in the month.

ביטקאָין פּרייַז אַנאַליסיס: מסקנא 

Bitcoin price analysis is bearish today as we saw more attempts to reach upside being met with rejection. Therefore, we expect BTC/USD to reverse soon and start to retrace towards setting another higher low.

בשעת ווארטן פֿאַר עטהערעום צו מאַך ווייַטער, זען אונדזער אַרטיקלען אויף ווי צו קויפן לאַנד אין מעטאַווערס, ווי צו פאַרמאַכן אַ קאָינבאַסע חשבון, און ווי צו אַריבערפירן קריפּטאָ פון קאָינבאַסע צו ראָבינהאָאָד.