With the ranking in the encryption market to $ 880 million over the past 24 hours, bitcoin was low 24 hours at 76,600 dollars. Currently, with the reflection of severe clouds, the BTC price is traded at a market price of $ 81,738.
With a new cloud, a fresh recovery in the BTC price aims to reach the level of $ 86,000. Will the V -shaped reflection determine a new emerging stage for Bitcoin? Let’s discover.
BTC PRICE Action next recovery signals
In the daily chart, the BTC PRICE movement displays a mysterious candle that forms after five consecutive dumping candles. This ends the bitcoin landing chain and other signals to a rapid reflection of the support level of $ 76,722.
With the rejection of the low price, the advanced upward candle offered the possibility of the morning star pattern. Moreover, this also comes as a possible re -test of the 200 -day broken EMA line. The average dynamic support resistance is 85,672 dollars.
Because of the last collapse in bitcoin prices, EMA lines 50 and 100 days are about to give a negative intersection. Moreover, the MacD lines and the signal lines maintain a decrease, which reflects the declining momentum in the game.
Since the BTC price takes a quick reflection of the horizontal level, the basic demand is a new reverse gathering offer. The reversal of the resistance trend of the prevailing resistance line can challenge the daily price scheme.
However, the supply area between 85,600 dollars and 86,700 dollars can serve as basic resistance.
Bitcoin currency column less than 200dma witnesses
According to Ali MartinezBitcoin is now trading without the moving intermediate line for 200 days. Based on a Mayyer, the immediate support for Bitcoin is $ 66,000. In support of more intense correction opportunities, the bitcoin sales supply is increasing at its lowest level of swing.
As bitcoin Mines workers It empties more BTC to its lowest levels close to appearing, the increase in the pressure pressure can lead to a more severe correction. Recently, the BTC price has decreased to $ 76,600 with an increase in mining transfers. This highlights a strong wave of sale of miners, which increases the liquidity of the market.
The increase in mining workers’ supplies indicates increasing financial pressure on miners to suffer from increased mining costs. If a mine worker continues to sell, it will be a more severe correction in Bitcoin. However, if the buyer’s request is absorbing the offer, stability can be seen near the support level of $ 80,000 in Bitcoin.
Divide trends trends differences in the market
According to James Van StratinThe retail rate is the critical sign of this macro noise. The 14 -day moving retail rate is less than 5 % than its highest level ever.
This is a complete difference away from the price of bitcoin. The highest retail rate in this surrender was near 6 %. However, the highest price is at $ 45, which represents the lowest level in four months.
In the previous amendment of 1.5 %, the period of difficulty for three days is more than 2 %. Since American miners witnessed mismanagement last year, the founding mining group remained stagnant by 30 %. Thus, the incoming offer may not come from American public companies.
