• Latest
Why Bitcoin Ought to Distinct $19.3K To Commence A Refreshing Rally In direction of $20K

Why Bitcoin Ought to Distinct $19.3K To Commence A Refreshing Rally In direction of $20K

December 3, 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

Why Bitcoin Ought to Distinct $19.3K To Commence A Refreshing Rally In direction of $20K

coinnewsdaily by coinnewsdaily
December 3, 2020
in Bitcoin
0
Why Bitcoin Ought to Distinct $19.3K To Commence A Refreshing Rally In direction of $20K
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 remained in a vary above the $18,500 guidance versus the US Dollar. BTC is investing above $19,000 and it could get started a potent surge if there is a crystal clear split higher than $19.3K

  • Bitcoin is presently holding the $18,800 and $19,000 support stages.
  • The price tag is facing a major resistance around $19,300, but it is higher than the 100 hourly uncomplicated relocating ordinary.
  • There is a significant contracting triangle forming with resistance close to $19,300 on the hourly chart of the BTC/USD pair (data feed from Kraken).
  • The pair could start off a sturdy rally if there is a obvious break previously mentioned the $19,300 resistance zone.

Bitcoin Selling price is Stuck In Assortment

Yesterday, we discussed the great importance of the 100 hourly straightforward going normal and $18,800 for bitcoin price. BTC did locate a solid assistance in close proximity to the 100 hourly very simple going typical and there was no draw back break underneath the $18,500 guidance.

The selling price appears to be investing in a broad selection higher than the $18,500 and $18,800 assist. The final swing minimal was fashioned in the vicinity of $18,117 prior to the rate climbed over the 50% Fib retracement degree of the vital downward go from the $19,957 swing higher to $18,117 swing very low.

The rate is now going through a main resistance near $19,300, but it is over the 100 hourly straightforward moving regular. It appears like there is a major contracting triangle forming with resistance close to $19,300 on the hourly chart of the BTC/USD pair.

Bitcoin Price

Source: BTCUSD on TradingView.com

The triangle resistance is shut to the 61.8% Fib retracement stage of the vital downward shift from the $19,957 swing large to $18,117 swing lower.

For that reason, a near above the triangle resistance and $19,320 could open the doors for a bigger boost. The upcoming essential resistance is close to the $19,500, previously mentioned which bitcoin could exam the $20,000 zone.

Downside Split in BTC?

If bitcoin fails to very clear the $19,300 resistance degree, there is a chance of a draw back split. An preliminary support is around the triangle decrease trend line at $18,800 and the 100 hourly easy shifting average.

A downside crack underneath the $18,800 guidance degree could thrust the cost toward $18,500. Any more losses may possibly potentially spark a sharp drop to the $18,000 amount.

Complex indicators:

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

Hourly RSI (Relative Toughness Index) – The RSI for BTC/USD is currently just earlier mentioned the 50 stage.

Big Support Degrees – $18,800, adopted by $18,500.

Key Resistance Amounts – $19,300, $19,500 and $19,800.

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

Decred (DCR) Surges 50%, Outperforming DeFi Coins and 2017-Period Alts

Next Post

Chainlink (Hyperlink) is About to See “Liftoff” if It’s Ready to Keep $13

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
Chainlink (Hyperlink) is About to See “Liftoff” if It’s Ready to Keep $13

Chainlink (Hyperlink) is About to See “Liftoff” if It’s Ready to Keep $13

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)$23,161.001.08%
  • ethereumEthereum(ETH)$1,603.930.94%
  • tetherTether(USDT)$1.00-0.03%
  • binancecoinBNB(BNB)$309.162.19%
  • rippleXRP(XRP)$0.4156341.90%
  • cardanoCardano(ADA)$0.3964515.59%
  • dogecoinDogecoin(DOGE)$0.0883072.96%
  • matic-networkPolygon(MATIC)$1.165.82%
  • solanaSolana(SOL)$24.683.07%
  • okbOKB(OKB)$36.381.40%
  • polkadotPolkadot(DOT)$6.643.83%
  • shiba-inuShiba Inu(SHIB)$0.0000122.50%
  • litecoinLitecoin(LTC)$88.992.53%
  • tronTRON(TRX)$0.0636223.00%
  • daiDai(DAI)$1.000.13%
  • cosmosCosmos Hub(ATOM)$13.877.27%
  • chainlinkChainlink(LINK)$7.455.06%
  • leo-tokenLEO Token(LEO)$3.865.86%
  • moneroMonero(XMR)$180.646.04%
  • ethereum-classicEthereum Classic(ETC)$22.151.92%
  • bitcoin-cashBitcoin Cash(BCH)$135.420.99%
  • stellarStellar(XLM)$0.0932902.16%
  • crypto-com-chainCronos(CRO)$0.0826293.02%
  • filecoinFilecoin(FIL)$5.482.97%
  • algorandAlgorand(ALGO)$0.2601386.70%
  • vechainVeChain(VET)$0.0249884.96%
  • internet-computerInternet Computer(ICP)$6.106.12%
  • aaveAave(AAVE)$87.860.55%
  • eosEOS(EOS)$1.122.31%
  • elrond-erd-2MultiversX(EGLD)$45.164.53%
  • theta-tokenTheta Network(THETA)$1.126.81%
  • tezosTezos(XTZ)$1.133.85%
  • paxos-standardPax Dollar(USDP)$1.000.04%
  • bitcoin-cash-svBitcoin SV(BSV)$44.49-0.54%
  • huobi-tokenHuobi(HT)$5.051.01%
  • havvenSynthetix Network(SNX)$2.567.85%
  • pancakeswap-tokenPancakeSwap(CAKE)$4.032.59%
  • iotaIOTA(MIOTA)$0.2445897.20%
  • zcashZcash(ZEC)$46.861.48%
  • makerMaker(MKR)$676.293.05%
  • neoNEO(NEO)$8.373.27%
  • dashDash(DASH)$52.052.90%
  • zilliqaZilliqa(ZIL)$0.0304709.49%
  • basic-attention-tokenBasic Attention(BAT)$0.2697184.71%
  • compound-governance-tokenCompound(COMP)$57.939.44%
  • nemNEM(XEM)$0.0401374.39%
  • Elrond ERDElrond ERD(ERD)$0.0259290.00%
  • kusamaKusama(KSM)$37.379.61%
  • bitcoin-goldBitcoin Gold(BTG)$17.76-4.52%
  • qtumQtum(QTUM)$2.734.49%
  • wavesWaves(WAVES)$2.7718.10%
  • sushiSushi(SUSHI)$1.364.34%
  • golemGolem(GLM)$0.2556874.23%
  • ftx-tokenFTX(FTT)$1.89-21.50%
  • yearn-financeyearn.finance(YFI)$7,688.112.99%
  • omisegoOMG Network(OMG)$1.524.23%
  • ontologyOntology(ONT)$0.2223073.05%
  • digibyteDigiByte(DGB)$0.0111561.30%
  • umaUMA(UMA)$2.071.33%
  • ethlendAave [OLD](LEND)$0.53-3.08%
  • UniswapUniswap(UNI)$2.4438.80%