The price of Bitcoin (BTC) has been moving positively in the last 48 hours. Yesterday, the uptrend rose to a high of $21,000. Today, the uptrend has stopped as the cryptocurrency falls back to the previous low.
The BTC price reached the overbought zone shortly after breaking through the resistance at $20,000. If Bitcoin turns down from the high at $21,000, it will fall above the support at $20,100. The cryptocurrency will likely continue a new uptrend and retest or break through resistance at $21,000 and $22,794. Conversely, if the bears break below the $20,000 support, Bitcoin will decline and fall into the $18,800 and $19,900 range.
ביטקאָין גראדן לייענען
Bitcoin has resumed its upward movement as it is in the uptrend zone at level 64 of the Relative Strength Index for the period 14. The price bars are above the moving average lines, which means that the value of the cryptocurrency will increase. The cryptocurrency is still above the 80% area of the daily stochastic, which indicates a possible decline.
טעכניש ינדאַקייטערז:
הויפּט רעסיסטאַנסע לעוועלס - $ 30,000 און $ 35,000
הויפּט סופּפּאָרט לעוועלס - $ 20,000 און $ 15,000
וואָס איז דער ווייַטער ריכטונג פֿאַר בטק?
Bitcoin is moving below the $21,000 resistance zone. In the October 25 uptrend, a candlestick tested the 78.6% Fibonacci retracement level. The retracement suggests that BTC will rise but reverse at the 1,272 Fibonacci extension level or $20,713.
אָפּלייקענונג. די אַנאַליסיס און פאָרויסזאָגן זענען די פערזענלעכע מיינונגען פון דעם מחבר און זענען נישט אַ רעקאָמענדאַציע צו קויפן אָדער פאַרקויפן קריפּטאָקוררענסי און זאָל ניט זיין וויוד ווי אַן ענדאָרסמאַנט דורך CoinIdol. לייענער זאָל טאָן זייער פאָרשונג איידער ינוועסטינג אין געלט.
Source: https://coinidol.com/bitcoin-rebounds-21012/