• Latest
Bitcoin Consolidates Beneath $15.5K, How A Correction Could Sort

Bitcoin Consolidates Beneath $15.5K, How A Correction Could Sort

November 10, 2020
ygg sea surpasses 10,000 scholarships in just six months of launch

YGG SEA Surpasses 10,000 Scholarships in Just Six Months of Launch

May 6, 2022
mintable launches industry changing gas free minting service on ethereum

Mintable Launches Industry Changing Gas Free Minting Service on Ethereum

May 1, 2022
5 projects enabling smart contract development on bitcoin

5 Projects Enabling Smart Contract Development on Bitcoin

April 29, 2022
bitcoin atm installed in mexico's senate building

Bitcoin ATM installed in Mexico’s Senate Building

April 27, 2022
cross chain services play a crucial role in facilitating continued adoption of defi applications

Cross-Chain Services Play a Crucial Role in Facilitating Continued Adoption of DeFi Applications

April 26, 2022
justin sun launches usdd, integrating the blockchain world and the real world with the decentralized stablecoin

Justin Sun Launches USDD, Integrating the Blockchain World and the Real World with the Decentralized Stablecoin

April 25, 2022
nfts: the next musical revolution

NFTs: The Next Musical Revolution

April 24, 2022
things you should know before investing in nfts

Things You Should Know Before Investing in NFTs

April 24, 2022
what are wrapped tokens?

What Are Wrapped Tokens?

April 23, 2022
what is the future of ethereum (eth)?

What is the future of Ethereum (ETH)?

April 22, 2022
green gaming

Everything You Need to Know About Play-to-Earn on Algorand in 2022

April 21, 2022
$ape going bananas as rumors of upcoming land sale of bayc metaverse gather momentum

$APE Going Bananas As Rumors of Upcoming Land Sale of BAYC Metaverse Gather Momentum

April 21, 2022
  • Home
  • Coin Market Cap
  • Bitcoin
  • Ethereum
  • Ripple
  • Litecoin
  • Alt Coin
  • Business
  • Trading
  • Mining
CoinNewsDaily
  • Home
  • Coin Market Cap
  • Bitcoin
  • Ethereum
  • Ripple
  • Litecoin
  • Alt Coin
  • Business
  • Trading
  • Mining
No Result
View All Result
  • Home
  • Coin Market Cap
  • Bitcoin
  • Ethereum
  • Ripple
  • Litecoin
  • Alt Coin
  • Business
  • Trading
  • Mining
No Result
View All Result
CoinNewsDaily
No Result
View All Result
Home Bitcoin

Bitcoin Consolidates Beneath $15.5K, How A Correction Could Sort

coinnewsdaily by coinnewsdaily
November 10, 2020
in Bitcoin
0
Bitcoin Consolidates Beneath $15.5K, How A Correction Could Sort
189
SHARES
1.5k
VIEWS
Share on FacebookShare on Twitter

Related articles

5 projects enabling smart contract development on bitcoin

5 Projects Enabling Smart Contract Development on Bitcoin

April 29, 2022
bitcoin atm installed in mexico's senate building

Bitcoin ATM installed in Mexico’s Senate Building

April 27, 2022


Bitcoin selling price is struggling to settle above $15,500 and $15,600 in opposition to the US Greenback. BTC is likely to start a sharp downside correction if it breaks the $15,000 help.

  • Bitcoin is exhibiting a handful of bearish indications under the $15,500 and $15,600 levels.
  • The price tag is currently trading under $15,400 and the 100 hourly uncomplicated moving average.
  • There is a essential connecting bullish trend line forming with guidance close to $15,050 on the hourly chart of the BTC/USD pair (data feed from Kraken).
  • The pair could start off a sharp draw back correction if it continues to facial area resistance close to $15,500.

Bitcoin Rate is Facing Hurdles

There was an enhance in offering force on bitcoin price tag from the $15,850 zone. BTC declined above $500 and it even spiked underneath the $15,000 support. A low was formed around $14,815 ahead of the cost started a contemporary boost.

There was a crack previously mentioned the $15,100 degree, moreover the price traded earlier mentioned the 23.6% Fib retracement stage of the latest drop from the $15,850 higher to $14,815 swing low. However, the price looks to be struggling with a powerful resistance in the vicinity of the $15,450 and $15,500 amounts.

The 50% Fib retracement amount of the modern drop from the $15,850 substantial to $14,815 swing lower is also acting as a hurdle for the bulls. It is at this time trading underneath $15,400 and the 100 hourly very simple shifting common.

Bitcoin Price

Supply: BTCUSD on TradingView.com

To move into a favourable zone, bitcoin selling price will have to crack $15,450 and then achieve traction previously mentioned $15,500. The up coming resistance is close to the $15,600 stage, previously mentioned which there are genuine likelihood of a sustained upward shift in the direction of the $15,850 and $16,000 levels.

A further Draw back Correction in BTC?

If bitcoin fails to apparent the $15,500 resistance, there is a chance of a refreshing draw back correction. An initial help is close to the $15,200 degree.

There is also a key connecting bullish pattern line forming with guidance around $15,050 on the hourly chart of the BTC/USD pair. If there is a obvious crack under the pattern line aid, the value could possibly decrease even further beneath $15,000. The next significant assist is in the vicinity of $14,850, beneath which the selling price could possibly revisit $14,500 in the coming sessions.

Specialized indicators:

Hourly MACD – The MACD is battling to get rate in the bullish zone.

Hourly RSI (Relative Power Index) – The RSI for BTC/USD is going reduced toward the 40 degree.

Key Support Ranges – $15,200, followed by $15,000.

Big Resistance Levels – $15,450, $15,500 and $15,600.

Tags: Bitcoin/US Dollar FX Spot Rate, FX Spot Rate, COMPOSITE DISPLAYCryptocurrenciesDigital currenciesPayment systemsUnited States
Share76Tweet47
Previous Post

Aave Nears Vital Resistance as 100%+ Uptrend Displays Indications of Stalling

Next Post

DeFi Cash AAVE, RUNE, SNX Maintain Up In spite of Bitcoin Correction

coinnewsdaily

coinnewsdaily

CoinNewsDaily.com is an online Crypto Coin News Website that aims to provide latest trendy news from market and around the world.

Related Posts

5 projects enabling smart contract development on bitcoin
Alt Coin

5 Projects Enabling Smart Contract Development on Bitcoin

April 29, 2022
bitcoin atm installed in mexico's senate building
Bitcoin

Bitcoin ATM installed in Mexico’s Senate Building

April 27, 2022
what are wrapped tokens?
Bitcoin

What Are Wrapped Tokens?

April 23, 2022
btc and eth will break all time highs in 2022 — celsius ceo
Bitcoin

BTC and ETH will break all-time highs in 2022 — Celsius CEO

April 21, 2022
price analysis 4/20: btc, eth, bnb, xrp, sol, ada, luna, avax, doge, dot
Alt Coin

Price analysis 4/20: BTC, ETH, BNB, XRP, SOL, ADA, LUNA, AVAX, DOGE, DOT

April 21, 2022
Bitcoin

Play-to-Earn Bitcoin Games: How Lightning Network Enables Gamers to Earn Sats

April 20, 2022
Load More
Next Post
Prime Yearn.finance Farmer Sends $1.4m Value of YFI to Binance

DeFi Cash AAVE, RUNE, SNX Maintain Up In spite of Bitcoin Correction

Categories

  • Alt Coin
  • Bitcoin
  • Business
  • Ethereum
  • ICO
  • Litecoin
  • Mining
  • NFT
  • Ripple
  • Tech
  • Trading

What New here?

  • YGG SEA Surpasses 10,000 Scholarships in Just Six Months of Launch
  • Mintable Launches Industry Changing Gas Free Minting Service on Ethereum
  • 5 Projects Enabling Smart Contract Development on Bitcoin

Subscribe to Get More!

Loading
  • About Us
  • Contact Us
  • Privacy & Policy

© 2018-2021 CoinNewsDaily.com by CoinNewsDaily Inc. Crafted with Love by iFtiDev

No Result
View All Result
  • Home
  • Coin Market Cap
  • Bitcoin
  • Ethereum
  • Ripple
  • Litecoin
  • Alt Coin
  • Business
  • Trading
  • Mining

© 2018-2021 CoinNewsDaily.com by CoinNewsDaily Inc. Crafted with Love by iFtiDev

  • bitcoinBitcoin(BTC)$21,399.00-0.07%
  • ethereumEthereum(ETH)$1,229.29-0.93%
  • tetherTether(USDT)$1.000.11%
  • binancecoinBNB(BNB)$240.020.23%
  • rippleXRP(XRP)$0.363693-1.31%
  • cardanoCardano(ADA)$0.51-2.83%
  • SolanaSolana(SOL)$40.82-1.29%
  • dogecoinDogecoin(DOGE)$0.0770508.03%
  • polkadotPolkadot(DOT)$8.14-1.44%
  • Shiba InuShiba Inu(SHIB)$0.000012-1.52%
  • tronTRON(TRX)$0.0686955.55%
  • daiDai(DAI)$1.00-0.01%
  • leo-tokenLEO Token(LEO)$5.88-0.78%
  • matic-networkPolygon(MATIC)$0.59-2.01%
  • litecoinLitecoin(LTC)$58.57-0.84%
  • FTXFTX(FTT)$27.77-0.60%
  • OKBOKB(OKB)$12.73-2.37%
  • chainlinkChainlink(LINK)$6.95-3.99%
  • CronosCronos(CRO)$0.127736-1.32%
  • stellarStellar(XLM)$0.123298-3.08%
  • cosmosCosmos Hub(ATOM)$8.440.80%
  • algorandAlgorand(ALGO)$0.344909-2.13%
  • ethereum-classicEthereum Classic(ETC)$17.304.31%
  • moneroMonero(XMR)$127.78-2.01%
  • bitcoin-cashBitcoin Cash(BCH)$116.27-1.02%
  • vechainVeChain(VET)$0.025291-3.05%
  • Internet ComputerInternet Computer(ICP)$6.00-3.25%
  • theta-tokenTheta Network(THETA)$1.40-4.64%
  • filecoinFilecoin(FIL)$6.06-1.45%
  • tezosTezos(XTZ)$1.51-2.35%
  • ElrondElrond(EGLD)$57.93-5.93%
  • bitcoin-cash-svBitcoin SV(BSV)$62.18-2.27%
  • eosEOS(EOS)$1.020.21%
  • AaveAave(AAVE)$67.79-5.03%
  • makerMaker(MKR)$1,042.96-1.67%
  • paxos-standardPax Dollar(USDP)$1.000.10%
  • zcashZcash(ZEC)$66.38-3.93%
  • huobi-tokenHuobi(HT)$5.37-1.13%
  • iotaIOTA(MIOTA)$0.296333-3.13%
  • neoNEO(NEO)$9.85-0.85%
  • zilliqaZilliqa(ZIL)$0.047206-4.20%
  • wavesWaves(WAVES)$6.23-1.97%
  • havvenSynthetix Network(SNX)$2.75-5.80%
  • basic-attention-tokenBasic Attention(BAT)$0.409098-2.89%
  • dashDash(DASH)$51.28-2.27%
  • PancakeSwapPancakeSwap(CAKE)$3.42-0.28%
  • KusamaKusama(KSM)$55.31-3.72%
  • nemNEM(XEM)$0.042233-4.33%
  • CompoundCompound(COMP)$52.62-1.73%
  • Elrond ERDElrond ERD(ERD)$0.0259290.00%
  • ethlendAave [OLD](LEND)$4.103.48%
  • qtumQtum(QTUM)$3.10-1.64%
  • bitcoin-goldBitcoin Gold(BTG)$17.60-1.76%
  • omisegoOMG Network(OMG)$2.00-1.48%
  • golemGolem(GLM)$0.243150-1.96%
  • SushiSushi(SUSHI)$1.20-3.89%
  • ontologyOntology(ONT)$0.244763-0.98%
  • yearn-financeyearn.finance(YFI)$6,654.42-3.39%
  • umaUMA(UMA)$2.80-1.65%
  • digibyteDigiByte(DGB)$0.010646-4.71%
  • UniswapUniswap(UNI)$2.4438.80%
Posting....