• Latest
Bitcoin Correcting Gains, Why $15.3K Could Set off Future Wave

Bitcoin Correcting Gains, Why $15.3K Could Set off Future Wave

November 6, 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 Correcting Gains, Why $15.3K Could Set off Future Wave

coinnewsdaily by coinnewsdaily
November 6, 2020
in Bitcoin
0
Bitcoin Correcting Gains, Why $15.3K Could Set off Future Wave
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 rate rallied about 10% and it even traded close to $16,000 towards the US Greenback. BTC is now correcting lower, but the bulls are probable to shield $15,300 or $15,150.

  • Bitcoin began a solid rally and it broke the $15,500 resistance zone.
  • The cost traded to a new 2020 substantial at $15,974 and it is perfectly over the 100 hourly very simple relocating normal.
  • There is a main bullish trend line forming with support around $15,300 on the hourly chart of the BTC/USD pair (information feed from Kraken).
  • The pair could accurate lower, but the $15,300 and $15,200 concentrations are most likely to prevent significant losses.

Bitcoin Value Rallies Close to $16K

There was a sturdy upward move in bitcoin cost just after it settled higher than the $14,000 resistance. BTC surged more than 10% and it broke many hurdles in close proximity to $15,000. There was also a near previously mentioned the $15,500 degree and the 100 hourly basic going typical.

The rate traded to a new 2020 superior at $15,974 and it is at this time correcting decreased. There was a break below the $15,800 stage, as well as the value traded under the 23.6% Fib retracement stage of the current rally from the $14,657 swing lower to $15,974 superior.

On the downside, there are many important supports in close proximity to $15,400 and $15,300. There is also a significant bullish trend line forming with assist close to $15,300 on the hourly chart of the BTC/USD pair.

Bitcoin Price

The pattern line is shut to the 50% Fib retracement amount of the new rally from the $14,657 swing low to $15,974 higher. As lengthy as bitcoin price is buying and selling above the development line help, it could get started a fresh upward transfer. An first resistance is in close proximity to the $15,800 amount.

The first main resistance is near the $15,920 stage, over which the price is probable to surge previous the $16,000 barrier in the coming classes in the near expression.

Dips Supported in BTC?

If bitcoin extends its downside correction, it could discover bids in the vicinity of the $15,400 and $15,350 amount. The first key support on the downside is in the vicinity of the trend line at $15,300.

A draw back break below the pattern line aid could drive the selling price in direction of the $15,150 support or even toward the $15,000 manage.

Complex indicators:

Hourly MACD – The MACD is bit by bit losing momentum in the bullish zone.

Hourly RSI (Relative Toughness Index) – The RSI for BTC/USD is now correcting decreased from the overbought zone.

Important Assistance Stages – $15,400, adopted by $15,300.

Big Resistance Degrees – $15,800, $15,920 and $16,000.

Tags: BitcoinBitcoin/US Dollar FX Spot Rate, FX Spot Rate, COMPOSITE DISPLAYCryptocurrenciesPayment systemsUnited States
Share76Tweet47
Previous Post

Bitcoin Practically Taps $16,000 as Rate Explodes 15% in 24 Hours

Next Post

Ethereum Smashes Heavy Resistance And Its Primed To Surpass $450

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
Ethereum Smashes Heavy Resistance And Its Primed To Surpass $450

Ethereum Smashes Heavy Resistance And Its Primed To Surpass $450

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)$23,658.001.93%
  • ethereumEthereum(ETH)$1,627.982.18%
  • tetherTether(USDT)$1.000.05%
  • binancecoinBNB(BNB)$312.841.49%
  • rippleXRP(XRP)$0.411865-0.03%
  • cardanoCardano(ADA)$0.3897960.79%
  • dogecoinDogecoin(DOGE)$0.088570-0.32%
  • matic-networkPolygon(MATIC)$1.15-0.32%
  • okbOKB(OKB)$39.160.53%
  • solanaSolana(SOL)$25.375.02%
  • polkadotPolkadot(DOT)$6.49-0.24%
  • shiba-inuShiba Inu(SHIB)$0.0000120.55%
  • litecoinLitecoin(LTC)$94.15-0.40%
  • tronTRON(TRX)$0.063297-0.38%
  • daiDai(DAI)$1.000.08%
  • cosmosCosmos Hub(ATOM)$13.572.16%
  • chainlinkChainlink(LINK)$7.23-1.39%
  • moneroMonero(XMR)$186.721.64%
  • leo-tokenLEO Token(LEO)$3.55-8.78%
  • ethereum-classicEthereum Classic(ETC)$22.741.98%
  • bitcoin-cashBitcoin Cash(BCH)$135.09-0.27%
  • stellarStellar(XLM)$0.0935921.32%
  • crypto-com-chainCronos(CRO)$0.0814810.23%
  • filecoinFilecoin(FIL)$5.360.42%
  • algorandAlgorand(ALGO)$0.255274-1.62%
  • vechainVeChain(VET)$0.024104-1.97%
  • internet-computerInternet Computer(ICP)$6.090.03%
  • aaveAave(AAVE)$85.65-0.42%
  • eosEOS(EOS)$1.100.48%
  • elrond-erd-2MultiversX(EGLD)$44.750.14%
  • theta-tokenTheta Network(THETA)$1.08-1.05%
  • tezosTezos(XTZ)$1.14-2.44%
  • paxos-standardPax Dollar(USDP)$0.99-0.74%
  • bitcoin-cash-svBitcoin SV(BSV)$43.69-0.16%
  • huobi-tokenHuobi(HT)$5.12-0.02%
  • havvenSynthetix Network(SNX)$2.44-0.68%
  • pancakeswap-tokenPancakeSwap(CAKE)$4.081.78%
  • iotaIOTA(MIOTA)$0.2383430.61%
  • dashDash(DASH)$57.340.42%
  • makerMaker(MKR)$670.451.10%
  • zcashZcash(ZEC)$45.86-3.13%
  • neoNEO(NEO)$8.28-0.75%
  • zilliqaZilliqa(ZIL)$0.028825-1.88%
  • basic-attention-tokenBasic Attention(BAT)$0.266235-1.40%
  • compound-governance-tokenCompound(COMP)$55.80-1.24%
  • nemNEM(XEM)$0.039251-1.80%
  • Elrond ERDElrond ERD(ERD)$0.0259290.00%
  • kusamaKusama(KSM)$36.15-1.40%
  • bitcoin-goldBitcoin Gold(BTG)$17.46-0.61%
  • qtumQtum(QTUM)$2.751.73%
  • wavesWaves(WAVES)$2.65-2.61%
  • ftx-tokenFTX(FTT)$1.89-21.50%
  • sushiSushi(SUSHI)$1.321.05%
  • yearn-financeyearn.finance(YFI)$7,665.190.95%
  • golemGolem(GLM)$0.243408-2.03%
  • omisegoOMG Network(OMG)$1.48-1.42%
  • ontologyOntology(ONT)$0.2209762.11%
  • digibyteDigiByte(DGB)$0.0108631.34%
  • umaUMA(UMA)$2.111.44%
  • ethlendAave [OLD](LEND)$0.53-3.08%
  • UniswapUniswap(UNI)$2.4438.80%