您现在的位置是:Bitcoin signals potential breakdown, top analyst says >>正文
Bitcoin signals potential breakdown, top analyst says
上海品茶网 - 夜上海最新论坛社区 - 上海千花论坛4295人已围观
简介Bitcoin (BTC) is positioned for further downside as a new Weekly Close below the 200-week moving ave...
- Bitcoin (BTC) is positioned for further downside as a new Weekly Close below the 200-week moving average signals.
- BTC rejecting from above $26k would welcome bears to the party as double-confirmation of the breakdown.
- According to crypto analyst Rekt Capital, the 200-week MA is a robust resistance zone.
As Bitcoin bulls face rejection from above $26k, a top analyst has pointed out the benchmark cryptocurrency’s price faces fresh downside pressure.
BTC price is currently 2.4% up in the past week, but has failed to break past key resistance around $26,600. The breakdown to lows of $24,800 last week amid negative regulatory headlines appears to have only emboldened bears further.
Bitcoin positioned for downside
According to crypto analyst Rekt Capital, the technical outlook for BTC suggests more weakness is likely. This is after a new weekly close below the 200-week moving average, which signals a “double confirmation of [a] breakdown,” the analyst noted.
Last week, Bitcoin price recovered from lows of $24.8k after the market reacted sharply to the SEC’s lawsuits against crypto exchanges Binance and Coinbase. Commenting after the upside, Rekt Capital suggestedthat Bitcoin had “run straight into the 200-week MA”
He noted that if bears managed to turn this zone into new resistance, there was likelihood BTC could see a “two-step breakdown confirmation.” Such a price scenario was likely to result in further downside pressure.
“Technically, BTC is positioned for downside. Why? Because it has produced another, new Weekly Close below the 200-week MA. As a result, $BTC has shown double-confirmation of breakdown from the 200-week MA. Continued rejection here could send price lower,” he tweetedon Monday, pointing to last week’s prediction.
Here’s a chartthe analyst shared, showing Bitcoin’s rejection at both a downtrend line and the 200-week MA.
If Bitcoin gives up the $26k level again, a run to June lows could open up room for more losses. However, as BitMEX founder and former CEO Arthur Hayes pointed out last week, its likely crypto will hit the pain of an extended sideways action before a new trigger sets up an “autumn rally.”
As CoinJournal reported, the BitMEX founder believes the trigger will be retail trading, and a big possibility is this next bull market is led by the Chinese trader. BlackRock filing for a spot Bitcoin ETF could also be a significant tailwind in coming months.
Tags:
转载:欢迎各位朋友分享到网络,但转载请说明文章出处“上海品茶网 - 夜上海最新论坛社区 - 上海千花论坛”。http://www.jz08.com.cn/news/456691.html
相关文章
UK's FCA grants Crypto.com a crypto asset business license
Bitcoin signals potential breakdown, top analyst saysCrypto.com has recently been approved or registered in Singapore, UAE (Dubai), Italy, South Korea an...
阅读更多
The Blender: March Mixtape Madness
Bitcoin signals potential breakdown, top analyst saysDuke tanked in the Sweet 16 this year, which meant that my persistence through the schizophrenic wea...
阅读更多
Bitget Unveils New Messi Film to Kick off Second Year of Messi Partnership
Bitcoin signals potential breakdown, top analyst saysVictoria, Seychelles, January 23rd, 2024, ChainwireBitget, the world’s leading cryptocurrency...
阅读更多
热门文章
- SafeAI is on a mission to automate mining and construction
- US prosecutors water down FTX Ex
- First autonomous pothole
- Bitget Further Commitment to Sports Entertainment with Exclusive Initial Listing of OVAL3
- US firm plans to build 10,000 qubit quantum computer by 2026
- Paxos receives nod to expand its stablecoin to Solana
最新文章
Bitget Wallet Welcomes Alvin Kan, Former Senior Executive at BNB Chain, as New COO
The Blender: March Mixtape Madness
Sleepless AI Token ($AI) Now Listed on Bitget in the Innovation, GameFi and AI Zone
Huobi Korea ceases virtual asset trading, cites industry concerns
Revolving Games raises $25M for Web3 game development
Flare (FLR) rises sharply after Google Cloud integration