בטק פּרייס קאָנסאָלידאַטעס ונטער $ 40,000; אַ 10% אָפּשפּרונג איז אַווייטאַד

בטק פּרייַז took a breather following the previous day’s mammoth gains. The price hovers in a very tight range with no meaningful price action. The bitcoin price rose sharply amid a retreat in the U.S dollar and higher stock indices. In addition, the bitcoin buyers are struggling to hold the upside levels.

• BTC price retreats after locking handsome gains in the previous session.
• The Fear and Greed Index of the largest cryptocurrency rose 6 points from 21 to 27 on Thursday.
• We expect an upside run toward $44,000 as the price contains a crucial support zone.

בטק פּרייַז קאַנסאַלאַדייץ

On the daily chart, the BTC price slipped below $40,000 as tested in the previous session. However, the gains were not sustainable and the price retreated lower. Further, the descending trend line from the highs of $48,124.94 acted as a strong upside hurdle for the BTC buyers. Another resistance filter is placed around the 200-day EMA (Exponential Moving Average) at $43,612.74.

Currently, the price oscillates near a make or break zone. Now, the reason to have a bullish view is the bottoming formation at around $37,000.

To make a progressive move the Bitcoin must manage to attract buyers above $40,000 on a daily basis as this would indicate the presence of significant bullish momentum. A sustained buying would push the price to meet the psychological $44,000 once the moving average is taken.

Conversely, a shift in the bearish sentiment amid a spike in sell order would invalidate the bullish outlook on the asset. A break below the previous session low would trigger a fresh row of selling.

As of press time, BTC/USD reads at $39,457.90 down 0.53% for the day. The largest cryptocurrency holds the 24-hour trading volume at $35,046,532,955 with 13% gains as update by CoinMarketCap. In addition to that, Bitcoin’s dominance index fell 0.3% to 41.9%.

Rekha איז סטאַרטעד ווי פאָרעקס מאַרק אַנאַליסט. אַנאַלייזינג פונדאַמענטאַל נייַעס און זייַן פּראַל אויף די מאַרק באַוועגונג. שפּעטער, אַנטוויקלען אַן אינטערעס אין די פאַסאַנייטינג וועלט פון קריפּטאָקוררענסי. טראַקינג די מאַרק מיט טעכניש אַספּעקץ. ויספאָרשן אויף-קייט אַנאַליסיס צו שפּור די מאַרק.

די דערלאנגט אינהאַלט קען אַרייַננעמען די פערזענלעכע מיינונג פון די מחבר און איז אונטערטעניק צו די מאַרק צושטאַנד. טאָן דיין מאַרק פאָרשונג איידער ינוועסטינג אין קריפּטאָקוררענסי. דער מחבר אָדער די ויסגאַבע איז ניט פאַראַנטוואָרטלעך פֿאַר דיין פערזענלעכע פינאַנציעל אָנווער.