• Latest
Bitcoin In close proximity to Inflection Zone, Why Breakdown Under $15,800 Would seem Possible

Bitcoin In close proximity to Inflection Zone, Why Breakdown Under $15,800 Would seem Possible

November 16, 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 In close proximity to Inflection Zone, Why Breakdown Under $15,800 Would seem Possible

coinnewsdaily by coinnewsdaily
November 16, 2020
in Bitcoin
0
Bitcoin In close proximity to Inflection Zone, Why Breakdown Under $15,800 Would seem Possible
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 began a draw back correction from effectively above $16,200 against the US Dollar. BTC is probable to speed up losses if there is a clear split underneath the $15,800 guidance.

  • Bitcoin failed to stay higher than the $16,200 help and prolonged its drop.
  • The cost is at this time investing beneath $16,000 and the 100 hourly uncomplicated shifting average.
  • There is a key bearish development line forming with resistance in close proximity to $16,050 on the hourly chart of the BTC/USD pair (facts feed from Kraken).
  • The pair continues to be at a threat of a sharp decline if there is a very clear crack beneath the $15,800 assist.

Bitcoin Cost Could Decline More

Following having difficulties to gain pace previously mentioned the $16,500 degree, bitcoin rate started a draw back correction. BTC broke the $16,200 assist level and settled underneath the 100 hourly basic relocating common to shift into a small-expression bearish zone.

It even broke the $16,000 cope with, but the bulls have been in a position to defend $15,800. The the latest swing minimal was fashioned in close proximity to $15,803 in advance of the price tag begun a insignificant upward move. There was a break over the $15,900 and $15,950 levels.

Bitcoin cost even spiked higher than the 50% Fib retracement degree of the current drop from the $16,172 higher to $15,803 swing small. The price is now battling to recuperate earlier mentioned the $16,000 zone and the 100 hourly straightforward shifting common.

Bitcoin Price

Resource: BTCUSD on TradingView.com

There is also a key bearish development line forming with resistance close to $16,050 on the hourly chart of the BTC/USD pair. The craze line is near to the 61.8% Fib retracement amount of the new decrease from the $16,172 substantial to $15,803 swing reduced.

A distinct split over the craze line resistance, $16,100 and the 100 hourly SMA could open up the doors for a fresh new enhance in the coming classes.

Downside Split in BTC?

If bitcoin fails to clear the development line resistance, $16,100 and the 100 hourly SMA, there is a possibility of a downside split. The initial main assist on the draw back is around the $15,800 amount.

A downside crack under the $15,800 support may possibly maybe place a lot of strain on the bulls. In the mentioned scenario, the price tag is most likely to decline to the $15,500 support or even $15,200.

Technological indicators:

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

Hourly RSI (Relative Power Index) – The RSI for BTC/USD is now close to the 50 level.

Important Help Amounts – $15,800, followed by $15,500.

Major Resistance Levels – $16,000, $16,050 and $16,200.

Tags: BitcoinBitcoin/US Dollar FX Spot Rate, FX Spot Rate, COMPOSITE DISPLAYPayment systemsUS Dollar
Share76Tweet47
Previous Post

Leading Trader Expects Ethereum and DeFi Continues to be Bullish on a Quick-Phrase Foundation

Next Post

Ethereum DeFi Exploiter Returns $50,000 to “Nurse” Influenced by $5m Assault

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 DeFi Exploiter Returns $50,000 to “Nurse” Influenced by $5m Assault

Ethereum DeFi Exploiter Returns $50,000 to "Nurse" Influenced by $5m Assault

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)$22,962.000.03%
  • ethereumEthereum(ETH)$1,582.400.33%
  • tetherTether(USDT)$1.00-0.12%
  • binancecoinBNB(BNB)$306.750.55%
  • rippleXRP(XRP)$0.4112760.78%
  • cardanoCardano(ADA)$0.3852191.84%
  • dogecoinDogecoin(DOGE)$0.0898245.10%
  • matic-networkPolygon(MATIC)$1.124.33%
  • okbOKB(OKB)$38.488.18%
  • solanaSolana(SOL)$24.262.40%
  • polkadotPolkadot(DOT)$6.481.28%
  • shiba-inuShiba Inu(SHIB)$0.0000123.95%
  • litecoinLitecoin(LTC)$88.320.93%
  • tronTRON(TRX)$0.0627520.36%
  • daiDai(DAI)$1.00-0.10%
  • cosmosCosmos Hub(ATOM)$13.373.50%
  • chainlinkChainlink(LINK)$7.301.41%
  • leo-tokenLEO Token(LEO)$3.72-3.20%
  • moneroMonero(XMR)$181.064.79%
  • ethereum-classicEthereum Classic(ETC)$21.851.08%
  • bitcoin-cashBitcoin Cash(BCH)$133.25-1.24%
  • stellarStellar(XLM)$0.0932592.06%
  • crypto-com-chainCronos(CRO)$0.0814621.14%
  • filecoinFilecoin(FIL)$5.340.60%
  • algorandAlgorand(ALGO)$0.2564363.91%
  • vechainVeChain(VET)$0.0242740.94%
  • internet-computerInternet Computer(ICP)$5.891.41%
  • aaveAave(AAVE)$86.46-0.16%
  • eosEOS(EOS)$1.09-0.87%
  • elrond-erd-2MultiversX(EGLD)$44.853.34%
  • theta-tokenTheta Network(THETA)$1.09-2.72%
  • tezosTezos(XTZ)$1.111.09%
  • paxos-standardPax Dollar(USDP)$1.00-0.49%
  • bitcoin-cash-svBitcoin SV(BSV)$43.60-0.62%
  • huobi-tokenHuobi(HT)$5.090.69%
  • havvenSynthetix Network(SNX)$2.450.77%
  • pancakeswap-tokenPancakeSwap(CAKE)$4.031.80%
  • iotaIOTA(MIOTA)$0.238166-1.26%
  • makerMaker(MKR)$666.972.24%
  • zcashZcash(ZEC)$45.55-0.68%
  • neoNEO(NEO)$8.281.02%
  • dashDash(DASH)$51.160.07%
  • zilliqaZilliqa(ZIL)$0.0296785.07%
  • basic-attention-tokenBasic Attention(BAT)$0.2633430.16%
  • compound-governance-tokenCompound(COMP)$56.715.24%
  • nemNEM(XEM)$0.0392260.42%
  • Elrond ERDElrond ERD(ERD)$0.0259290.00%
  • kusamaKusama(KSM)$37.105.90%
  • bitcoin-goldBitcoin Gold(BTG)$17.551.50%
  • wavesWaves(WAVES)$2.9111.98%
  • qtumQtum(QTUM)$2.670.45%
  • sushiSushi(SUSHI)$1.331.46%
  • ftx-tokenFTX(FTT)$1.89-21.50%
  • golemGolem(GLM)$0.2504802.53%
  • yearn-financeyearn.finance(YFI)$7,640.552.09%
  • omisegoOMG Network(OMG)$1.512.24%
  • ontologyOntology(ONT)$0.216949-0.26%
  • digibyteDigiByte(DGB)$0.0109631.57%
  • umaUMA(UMA)$2.051.12%
  • ethlendAave [OLD](LEND)$0.53-3.08%
  • UniswapUniswap(UNI)$2.4438.80%