• Latest
Bitcoin Corrects Gains, Why BTC Continues to be Eye-catching Around $54K

Bitcoin Corrects Gains, Why BTC Continues to be Eye-catching Around $54K

March 29, 2021
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 Corrects Gains, Why BTC Continues to be Eye-catching Around $54K

coinnewsdaily by coinnewsdaily
March 29, 2021
in Bitcoin
0
Bitcoin Corrects Gains, Why BTC Continues to be Eye-catching Around $54K
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 price tag commenced a constant increase and examined the $56,500 zone towards the US Greenback. BTC is now correcting gains, with a lot of supports close to $54,000.

  • Bitcoin traded as superior as $56,694 prior to setting up a draw back correction.
  • The cost is even now over the $54,000 assistance and the 100 hourly very simple going normal.
  • There was a crack beneath a important bullish development line with support in the vicinity of $55,500 on the hourly chart of the BTC/USD pair (info feed from Kraken).
  • The pair is most likely to come across a strong obtaining curiosity around the $54,000 help zone in the around time period.

Bitcoin Selling price Remains Supported

Soon after a clear crack earlier mentioned the $53,200 resistance, bitcoin prolonged its increase. BTC broke the $55,000 resistance amount and settled properly above the 100 hourly easy relocating ordinary.

It even spiked higher than $56,500 and traded as higher as $56,694. It is now correcting reduce and trading down below the $56,000 degree. There was a break beneath the 23.6% Fib retracement stage of the upward shift from the $50,400 swing minimal to $56,694 large.

There was also a split below a critical bullish development line with support around $55,500 on the hourly chart of the BTC/USD pair. The pair is now consolidating in the vicinity of the $55,000 stage.

Supply: BTCUSD on TradingView.com

An original assistance on the downside is in the vicinity of the $54,500 degree. The to start with important assist is around the $54,000 zone and the 100 hourly very simple relocating normal. The next big assist is close to the $53,500 level. It is close to the 50% Fib retracement level of the upward move from the $50,400 swing lower to $56,694 large.

A downside split beneath the $53,500 and $53,200 help stages could negate the latest bullish bias. In the said case, the cost is probably to revisit $50,500.

Refreshing Raise in BTC?

If bitcoin stays over the $54,000 guidance zone and the 100 hourly SMA, there are likelihood of a new improve. An initial resistance on the upside is near the $56,200 zone.

The to start with important resistance is near the $56,500 stage. The principal resistance is nevertheless in close proximity to $57,000 and $57,200, previously mentioned which the value is probable to rally further.

Technological indicators:

Hourly MACD – The MACD is slowly shedding momentum in the bullish zone.

Hourly RSI (Relative Strength Index) – The RSI for BTC/USD is now just under the 50 level.

Important Aid Ranges – $54,500, followed by $54,000.

Main Resistance Degrees – $56,000, $56,500 and $57,200.

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

BNY Mellon values Bitcoin with gold, what is their target?

Next Post

Ethereum Lacks Momentum Previously mentioned $1,700, Why Dips Most likely To Be Limited

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 Lacks Momentum Previously mentioned $1,700, Why Dips Most likely To Be Limited

Ethereum Lacks Momentum Previously mentioned $1,700, Why Dips Most likely To Be Limited

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)$20,087.00-1.34%
  • ethereumEthereum(ETH)$1,106.24-4.91%
  • tetherTether(USDT)$1.000.14%
  • binancecoinBNB(BNB)$219.19-6.18%
  • rippleXRP(XRP)$0.328681-3.95%
  • cardanoCardano(ADA)$0.466224-1.98%
  • SolanaSolana(SOL)$34.06-6.16%
  • dogecoinDogecoin(DOGE)$0.0690491.47%
  • polkadotPolkadot(DOT)$7.13-4.87%
  • daiDai(DAI)$1.000.23%
  • Shiba InuShiba Inu(SHIB)$0.0000100.85%
  • tronTRON(TRX)$0.064696-3.07%
  • leo-tokenLEO Token(LEO)$5.912.77%
  • matic-networkPolygon(MATIC)$0.495992-3.82%
  • litecoinLitecoin(LTC)$53.03-1.09%
  • FTXFTX(FTT)$24.92-4.09%
  • OKBOKB(OKB)$12.000.86%
  • CronosCronos(CRO)$0.117244-3.71%
  • chainlinkChainlink(LINK)$6.27-2.67%
  • stellarStellar(XLM)$0.110482-4.75%
  • moneroMonero(XMR)$119.981.95%
  • cosmosCosmos Hub(ATOM)$7.29-3.59%
  • algorandAlgorand(ALGO)$0.300558-5.05%
  • ethereum-classicEthereum Classic(ETC)$15.22-3.85%
  • bitcoin-cashBitcoin Cash(BCH)$105.71-0.16%
  • vechainVeChain(VET)$0.022861-5.54%
  • tezosTezos(XTZ)$1.49-4.27%
  • Internet ComputerInternet Computer(ICP)$5.34-2.66%
  • filecoinFilecoin(FIL)$5.46-2.11%
  • theta-tokenTheta Network(THETA)$1.23-4.41%
  • ElrondElrond(EGLD)$50.56-5.88%
  • bitcoin-cash-svBitcoin SV(BSV)$56.96-1.82%
  • eosEOS(EOS)$0.94-2.24%
  • paxos-standardPax Dollar(USDP)$1.000.00%
  • AaveAave(AAVE)$60.04-5.40%
  • makerMaker(MKR)$920.51-4.94%
  • huobi-tokenHuobi(HT)$5.00-4.26%
  • iotaIOTA(MIOTA)$0.271139-4.21%
  • zcashZcash(ZEC)$57.86-3.51%
  • neoNEO(NEO)$8.60-6.64%
  • basic-attention-tokenBasic Attention(BAT)$0.3845960.92%
  • zilliqaZilliqa(ZIL)$0.039459-6.70%
  • havvenSynthetix Network(SNX)$2.496.35%
  • wavesWaves(WAVES)$5.31-5.16%
  • dashDash(DASH)$45.24-4.28%
  • PancakeSwapPancakeSwap(CAKE)$3.05-7.78%
  • KusamaKusama(KSM)$49.19-3.71%
  • nemNEM(XEM)$0.039423-4.07%
  • Elrond ERDElrond ERD(ERD)$0.0259290.00%
  • CompoundCompound(COMP)$47.75-3.42%
  • ethlendAave [OLD](LEND)$4.103.48%
  • qtumQtum(QTUM)$2.86-3.54%
  • bitcoin-goldBitcoin Gold(BTG)$16.08-4.90%
  • omisegoOMG Network(OMG)$1.85-3.64%
  • golemGolem(GLM)$0.233636-5.47%
  • ontologyOntology(ONT)$0.231635-3.84%
  • SushiSushi(SUSHI)$1.05-5.80%
  • yearn-financeyearn.finance(YFI)$5,581.24-4.85%
  • umaUMA(UMA)$2.55-3.44%
  • digibyteDigiByte(DGB)$0.009360-2.60%
  • UniswapUniswap(UNI)$2.4438.80%
Posting....