您现在的位置是:BTC price retests $19,400 as bulls target $20,000 >>正文
BTC price retests $19,400 as bulls target $20,000
上海品茶网 - 夜上海最新论坛社区 - 上海千花论坛58人已围观
简介Bitcoin is looking to retest resistance at highs of $19,442 as bulls scheme for a final leg towards ...
Bitcoin is looking to retest resistance at highs of $19,442 as bulls scheme for a final leg towards a new all-time high
Bitcoin (BTC) has been truly unstoppable these past few weeks. As seen on the chart below, the bellwether cryptocurrency has rallied to new highs after a new high in 2020. Yesterday, bulls pushed BTC to $19,442 before retreating to seemingly re-energise for another uptrend.
The next few sessions could be where BTC price finally breaks above its all-time high of $20,000.
Bitcoin weekly price chart. Source: TradingView
BTC/USD daily chart
At the time of writing, BTC is trading around $19,357 having posted an intraday high of $19,365. Although the price dipped to $18,640 during the early Asian trading session, it crucially remained above the middle point of an ascending channel that has been in place since early mid-October.
But then again, it’s worth noting that the current momentum could be stalled again. If that happens, another flip to the upper half of $18,000—$19,000 could materialise.
This scenario is likely given the RSI on the daily chart is flat-lining and might cut lower. However, it currently remains well within the overbought territory; to suggest there is still plenty of buy-side pressure that could propel bulls to the moon.
To achieve this, bulls need to hold near or just above $19,000. The next target is to rally past the $19.4K high and retest the upper boundary of the ascending channel.
BTC/USD daily chart. Source: TradingView
Also positive for bulls is that BTC/USD has traded above all simple moving averages since 10 October. Staying above the 50-SMA is especially highlighted as a bullish signal.
Furthermore, the shorter-term moving average is cutting above both the 100 and 200 SMAs to indicate bulls are still hungry for more.
BTC/USD 4-hour chart
The 4-hour chart draws a similar picture to the daily chart in that prices are trending north alongside upturned moving averages. As above, the outlook on the 4-hour chart also has the 50-SMA crossing above the longer simple moving averages.
But traders should expect a pullback or so before BTC/USD hits the coveted target. According to crypto trader and technical analyst Josh Rager, the retreat would be nothing but a normal market trend.
“Even the most bullish asset in history has a pullback on occasion”, he noted on Twitter after Bitcoin corrected to lows of $18,640.
BTC/USD 4-hour chart. Source: TradingView
If BTC/USD slides below $19,000 on the 4-hour chart, the 50-SMA ($18,312), 100-SMA ($17,093) and 200-SMA ($15,464) provide support areas.
Longer-term, a bearish flip for Bitcoin will see bulls try to defend gains at the 50, 100 and 200 SMA levels. The daily chart has prices lined up near $14,312, $12,614 and $11,228 respectively, for each of the three moving averages.
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/871456.html
相关文章
Following the Whales: 3 popular coins among large wallet investors
BTC price retests $19,400 as bulls target $20,000There are many strategies that anyone can follow in their effort to invest in crypto. But one approa...
阅读更多
Investment app Acorns debuts Bitcoin exposure option
BTC price retests $19,400 as bulls target $20,000Acorns users can now allocate up to a maximum of 5% of their portfolio the ProShares Bitcoin Strateg...
阅读更多
Secret is surging, gained 15%: best places to buy SCRT
BTC price retests $19,400 as bulls target $20,000The trend of privacy coins rallying has not bypassed Secret, the most evidently private cryptocurren...
阅读更多
热门文章
- Binance Is Aiming To Enter The DeFi Sector
- Cake DeFi’s customers take home record US$317 million in rewards
- Norwegian Government Pension Fund Holds Almost 600 BTC
- BFARM launches a BNB and BUSD stake & earn feature and an extensive referral program
- CELO Goes Live On Coinbase One Week After Coinbase Pro
- STAR Unveils Opportunity for Japanese SMEs to Gain International Prestige
最新文章
PwC says NFTs and digital assets will boost sports revenue
GMT Token up 10%: here’s where to buy GMT Token
Pompliano: Bitcoin may be world’s largest insurance company
Kenya’s energy company lures Bitcoin miners with its geothermal capabilities
Tether CEO expects stablecoins to prevail even with the CBDC wave
Crypto exchange Bitget appreciates regulatory moves to advance the industry