Bitcoin (BTC) is in a downtrend, trading marginally above the $19,540 support. Since August 28, the cryptocurrency has settled between $19,540 and $20,500.
Over the past week, bitcoin has not traded above these price levels. Today, Bitcoin is trading at $19,748 and is approaching the lower price range. The downtrend will continue if sellers break the support at $19,540.
This would send Bitcoin to the lows of $18,638 or 18,912. Bearish momentum could extend to the low of $17,605. The largest cryptocurrency could see a rally if the initial resistances at $20,500 and $21,000 are broken. The BTC price will continue to rise to the upper resistance of $24,000 if the buyers are successful. Today, the price movement is insignificant because there are small indecisive candles called doji.
ביטקאָין גראדן לייענען
Bitcoin is at the 35 level of the Relative Strength Index for period 14, it is in the downward zone and approaching the oversold area. The other price indicator shows that Bitcoin is below the 20% range of the daily stochastic. This means that the current selling pressure has reached bearish exhaustion. The 21-day line SMA and the 50-day line SMA are sloping south, indicating a downtrend.
טעכניש גראדן
שליסל קעגנשטעל זאָנעס: $ 30,000, $ 35,000, $ 40,000
שליסל שטיצן זאָנעס: $ 25,000, $ 20,000, $ 15,000
וואָס איז דער ווייַטער ריכטונג פֿאַר בטק?
The downtrend has reached bearish exhaustion as Bitcoin consolidates above $19,540 support. Meanwhile, the August 20 downtrend has a candlestick body testing the 78.6% Fibonacci retracement level. The retracement suggests that BTC will fall but reverse at the 1,272 Fibonacci extension level or $19,668.
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 אייגענע פאָרשונג איידער ינוועסטירן אין געלט.
מקור: https://coinidol.com/bitcoin-19540-support/