- Bitcoin is trading within the range of 104.4 thousand dollars.
- The market has witnessed a 24 -hour qualifier of $ 83.92 million from BTC.
The bear trap in the encryption market carries assets in the red candle area. With the value of the fear and greed index in 48, the active market morale is neutral. The largest asset price scheme, Bitcoin (BTC), reflects an intense landing direction; Currently, the original is more than 1.15 %.
BTC PRICE has a series of recovery attempts, and breaking the upcoming decisive resistance levels may confirm the upward trend. Open the original today commerce At an altitude of 105,983 dollars. Later, the declining meeting pulled the price to a range of $ 103,396.
At the time of the press, Bitcoin is trading $ 104,430, and the market ceiling was $ 2.07 trillion. Also, the daily trading volume decreased by 4 %, touched 51.52 billion dollars. According to Coinglass DataThe market witnessed a 24 -hour liquidation of $ 83.92 million from Bitcoin.
Will the bears continue to withdraw bitcoin down?
BTC’s technical scheme analysis showed that both the moving average convergence line and the signal line have expressed the zero line. This intersection indicates that the original is in a strong declining stage, with weakening the price direction. If MACD starts to rise, it may hint to a possible reflection.
Moreover, the capital flow to the asset should be noted, with the money flow index (CMF), which is placed at 0.03, indicating a slight fasting pressure pressure on the market. Also, money flows to the original.
While inferring the four -hour trading window, Bitcoin is trading on the negative side, facing a challenge to restore upward momentum. If the original loses support of $ 104.5 thousand, this may lead to the emergence of the death intersection to a possible decrease towards the previous bottom at about 103 thousand dollars.
On the contrary, assuming Bitcoin’s reflection, the original may be climbed immediately and the resistance test at $ 104.6 thousand. In a very budget context, the original can break the threshold of 105 thousand dollars, and the golden cross may call for detection, which supports BTC to restore its last levels.
Moreover, the daily relative strength index (RSI) in BTC was found in 41.79, which indicates that the original is in a neutral To a slightly drop zone. This level may hint to the continuous passive side unless the momentum turns up. Moreover, the value of the bull bear force (BBP) is one of the origins of 1,141.46 negative, which means that the bears dominated the market, which causes prices to a decrease.
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