• Latest
Technicals Recommend Bitcoin Could Dive More Below $11,000

Technicals Recommend Bitcoin Could Dive More Below $11,000

August 26, 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

Technicals Recommend Bitcoin Could Dive More Below $11,000

coinnewsdaily by coinnewsdaily
August 26, 2020
in Bitcoin
0
Technicals Recommend Bitcoin Could Dive More Below $11,000
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 failed to keep gains over the $11,550 assist zone versus the US Greenback. BTC is at this time declining and it appears to be like the bears are aiming a draw back break underneath $11,000.

  • Bitcoin is now buying and selling well beneath the $11,650 and $11,550 help stages.
  • The price revisited the $11,100 level and settled properly below the 100 hourly basic moving ordinary.
  • There is a key bearish trend line forming with resistance in the vicinity of $11,400 on the hourly chart of the BTC/USD pair (knowledge feed from Kraken).
  • The pair have to split the $11,400 and $11,500 resistance stages to transfer into a constructive zone.

Bitcoin Cost Gains Bearish Momentum

Bitcoin selling price struggled to continue greater earlier mentioned the $11,800 and $12,000 degrees against the US Greenback. As a result, BTC declined sharply and broke the $11,650 aid zone.

The gained pace below the $11,550 assist stage and the 100 hourly easy transferring typical. It even broke the $11,200 assistance and traded to a new weekly reduced at $11,122. It is at present correcting greater and trading earlier mentioned the $11,250 level.

There was a crack above the 23.6% Fib retracement stage of the latest decrease from the $11,789 high to $11,122 very low. However, the cost is now facing hurdles in the vicinity of the $11,400 amount.

Bitcoin

Bitcoin cost trades beneath $11,500. Resource: TradingView.com

There is also a key bearish pattern line forming with resistance near $11,400 on the hourly chart of the BTC/USD pair. Over the trend line, the selling price is probably to deal with a potent resistance in close proximity to the $11,500 and $11,550 concentrations.

An intermediate hurdle could be close to the 50% Fib retracement amount of the current decline from the $11,789 higher to $11,122 low. An upside break earlier mentioned the pattern line resistance and then $11,550 is ought to for the bulls to get back manage in the in the vicinity of term.

Much more Losses in BTC?

If bitcoin fails to get well higher than the $11,400 and $11,550 stages, there is a hazard of extra losses. The 1st crucial support is in the vicinity of the $11,100 degree.

The key assistance is now forming near the $11,000 cope with, below which there is a risk of a sharp decline. In the mentioned situation, the price might proceed to transfer down to the $10,500 amount.

Technological indicators:

Hourly MACD – The MACD is attaining momentum in the bearish zone.

Hourly RSI (Relative Strength Index) – The RSI for BTC/USD is however perfectly under the 50 degree, with bearish signals.

Major Help Degrees – $11,100, adopted by $11,000.

Big Resistance Degrees – $11,400, $11,500 and $11,550.

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

Purchase Crypto: Lookup Term Spikes To Best Stage Due to the fact Bitcoin Bubble

Next Post

Two Attainable Results for Bitcoin Following Powell’s Jackson Gap Speech

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
Two Attainable Results for Bitcoin Following Powell’s Jackson Gap Speech

Two Attainable Results for Bitcoin Following Powell's Jackson Gap Speech

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)$23,136.001.83%
  • ethereumEthereum(ETH)$1,585.851.58%
  • tetherTether(USDT)$1.00-0.11%
  • binancecoinBNB(BNB)$312.302.20%
  • rippleXRP(XRP)$0.4081003.65%
  • cardanoCardano(ADA)$0.3897344.98%
  • dogecoinDogecoin(DOGE)$0.0956249.71%
  • matic-networkPolygon(MATIC)$1.112.81%
  • okbOKB(OKB)$37.541.31%
  • solanaSolana(SOL)$23.930.76%
  • polkadotPolkadot(DOT)$6.271.73%
  • shiba-inuShiba Inu(SHIB)$0.0000123.14%
  • litecoinLitecoin(LTC)$93.703.85%
  • tronTRON(TRX)$0.0622820.36%
  • daiDai(DAI)$1.00-0.05%
  • cosmosCosmos Hub(ATOM)$13.362.69%
  • chainlinkChainlink(LINK)$6.940.97%
  • leo-tokenLEO Token(LEO)$3.54-1.10%
  • moneroMonero(XMR)$177.180.81%
  • ethereum-classicEthereum Classic(ETC)$21.662.04%
  • bitcoin-cashBitcoin Cash(BCH)$133.282.94%
  • stellarStellar(XLM)$0.0909221.43%
  • crypto-com-chainCronos(CRO)$0.0792342.42%
  • filecoinFilecoin(FIL)$5.243.45%
  • algorandAlgorand(ALGO)$0.2426231.62%
  • vechainVeChain(VET)$0.0231731.20%
  • internet-computerInternet Computer(ICP)$5.882.77%
  • aaveAave(AAVE)$82.802.75%
  • eosEOS(EOS)$1.061.97%
  • elrond-erd-2MultiversX(EGLD)$43.032.88%
  • theta-tokenTheta Network(THETA)$1.021.46%
  • tezosTezos(XTZ)$1.071.59%
  • paxos-standardPax Dollar(USDP)$1.000.35%
  • huobi-tokenHuobi(HT)$5.131.29%
  • bitcoin-cash-svBitcoin SV(BSV)$42.530.54%
  • havvenSynthetix Network(SNX)$2.302.14%
  • pancakeswap-tokenPancakeSwap(CAKE)$4.042.03%
  • dashDash(DASH)$59.622.33%
  • iotaIOTA(MIOTA)$0.2271662.53%
  • makerMaker(MKR)$651.783.27%
  • zcashZcash(ZEC)$45.272.15%
  • neoNEO(NEO)$8.172.09%
  • zilliqaZilliqa(ZIL)$0.0271252.20%
  • basic-attention-tokenBasic Attention(BAT)$0.2532823.62%
  • compound-governance-tokenCompound(COMP)$52.131.64%
  • Elrond ERDElrond ERD(ERD)$0.0259290.00%
  • nemNEM(XEM)$0.0369391.01%
  • kusamaKusama(KSM)$35.263.84%
  • bitcoin-goldBitcoin Gold(BTG)$16.772.30%
  • qtumQtum(QTUM)$2.67-3.09%
  • ftx-tokenFTX(FTT)$1.89-21.50%
  • wavesWaves(WAVES)$2.481.64%
  • sushiSushi(SUSHI)$1.262.28%
  • yearn-financeyearn.finance(YFI)$7,256.131.56%
  • golemGolem(GLM)$0.2323430.67%
  • omisegoOMG Network(OMG)$1.402.15%
  • ontologyOntology(ONT)$0.2068060.21%
  • digibyteDigiByte(DGB)$0.0104042.10%
  • umaUMA(UMA)$2.044.17%
  • ethlendAave [OLD](LEND)$0.53-3.08%
  • UniswapUniswap(UNI)$2.4438.80%