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TA: Bitcoin Could Restart Increase If The Bulls Clear This Resistance
1min
June 23, 2022
2 min

Table Of Contents

01
要約
02
本文翻訳
03
引用リンク
TA: Bitcoin Could Restart Increase If The Bulls Clear This Resistance

要約

The price declined below the 23.6% Fib retracement level of the upward move from the$17,600 swing low to$21,700 swinghigh. The bears even pushed the price below the$20,500 support zone and the 100 hourly simple moving average. However, the bulls were active above the$19,650 and$19,800 supportlevels. Bitcoin also stayed above the50% Fib retracement level of the upward move from the$17,600 swing low to$21,700 swing high. It is now above the $20,000 level and the 100 hourly simple movingaverage. An immediate resistance on the upside is near the$20,550level. There is also a key bearish trend line forming with resistance near$20,550 on the hourly chart of theBTC/USD pair. The first major resistance is near the $20,800level. A clear move above the$20,800 level might start a decentincrease. The next major resistance sits near the$21,220level, above which the bulls might gain strength for a steady increase. The first major support is near the $20,000level. The main support is now near the$19,650level. A downside break below the$19,650 support could restart decline in the nearterm. In the statedcase, the price might slide towards the$18,800 level.


本文翻訳

Bitcoin is consolidating above the $20,000 zone against the US Dollar. BTC must clear the $20,800 resistance to restart increase in the near term. Bitcoin corrected gains and tested the $19,800 support zone. The price is now above the $20,000 level and the 100 hourly simple moving average. There is a key bearish trend line forming with resistance near $20,550 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could gain bullish momentum if it clears the $20,550 and $20,800 resistance levels. Bitcoin Price Faces Resistance Bitcoin price failed to gain pace above $21,700 and corrected gains. There was a downside correction below the $21,000 support zone. The price declined below the 23.6% Fib retracement level of the upward move from the $17,600 swing low to $21,700 swing high. The bears even pushed the price below the $20,500 support zone and the 100 hourly simple moving average. However, the bulls were active above the $19,650 and $19,800 support levels. Bitcoin also stayed above the 50% Fib retracement level of the upward move from the $17,600 swing low to $21,700 swing high. It is now above the $20,000 level and the 100 hourly simple moving average. An immediate resistance on the upside is near the $20,550 level. There is also a key bearish trend line forming with resistance near $20,550 on the hourly chart of the BTC/USD pair. The first major resistance is near the $20,800 level. A clear move above the $20,800 level might start a decent increase. The next major resistance sits near the $21,220 level, above which the bulls might gain strength for a steady increase. More Losses in BTC? If bitcoin fails to clear the $20,800 resistance zone, it could start another decline. An immediate support on the downside is near the $20,200 level and the 100 hourly SMA. The first major support is near the $20,000 level. The main support is now near the $19,650 level. A downside break below the $19,650 support could restart decline in the near term. In the stated case, the price might slide towards the $18,800 level. Technical indicators: Hourly MACD – The MACD is now gaining pace in the bullish zone. Hourly RSI (Relative Strength Index) – The RSI for BTC/USD is now above the 50 level. Major Support Levels – $20,000, followed by $19,650. Major Resistance Levels – $20,800, $21,220 and $21,700.


引用リンク

出典:https://www.newsbtc.com/analysis/btc/bitcoin-could-restart-increase-21k/


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