• Latest
Why Bitcoin Price Could Correct Sharply If It Breaks 100 SMA

Why Bitcoin Price Could Correct Sharply If It Breaks 100 SMA

December 4, 2020
Bitcoin Reclaims $40,000 as Powell Rubbishes Taper Tantrum Woes

Bitcoin Reclaims $40,000 as Powell Rubbishes Taper Tantrum Woes

January 15, 2021
Bitcoin Breaks $23K To a New All Time Significant

Bitcoin will get more company guidance as mayor of Miami strategies of “holding a percentage of Miami’s reserves in Bitcoin “

January 15, 2021
Why ETH Stays Attractive On Dips

Why ETH Stays Attractive On Dips

January 15, 2021
Chainlink (Hyperlink) Revisits $18, Why It Could Before long Split $20

Chainlink (Hyperlink) Revisits $18, Why It Could Before long Split $20

January 15, 2021
Bitcoin Revisits $40K, What Are Prospects of BTC Hitting New ATH

Bitcoin Revisits $40K, What Are Prospects of BTC Hitting New ATH

January 15, 2021
Why The Dim Net’s Most Energetic Sector Ditched Bitcoin For Monero

Why The Dim Net’s Most Energetic Sector Ditched Bitcoin For Monero

January 15, 2021
Bitcoin is Poised to Proceed Surging as Recent Altcoin Rally Pauses

Bitcoin Just Reached this “Key Zone” — Here’s What Analysts Say Arrives Next

January 14, 2021
Ripple Expands to Iceland, Acquires Icelandic Engineering Firm Algrim

Ripple partnered with Bkash and Mobile Dollars to guidance Frictionless remittance providers

January 14, 2021
Ethereum Will Double In Two Months When ATH Is Broken

Ethereum Will Double In Two Months When ATH Is Broken

January 14, 2021
XLM Price Prediction for 2021-2025

Stellar Price Prediction 2021-2025 | XLM $5 Possible?

January 14, 2021
Chainlink (Url) Rate Prediction 2021-2025

Chainlink Selling price Prediction 2021-2025 | Will Backlink access $100?

January 14, 2021
Analysts Consider Ethereum Will Shoot Towards $700 as Essential Resistances Break

Here’s What Investors Are Saying

January 14, 2021
  • Home
  • Coin Market Cap
  • ICO Live
  • Bitcoin
  • Ethereum
  • Ripple
  • Litecoin
  • Alt Coin
  • ICO
  • Business
CoinNewsDaily
  • Home
  • Coin Market Cap
  • ICO Live
  • Bitcoin
  • Ethereum
  • Ripple
  • Litecoin
  • Alt Coin
  • ICO
  • Business
No Result
View All Result
  • Home
  • Coin Market Cap
  • ICO Live
  • Bitcoin
  • Ethereum
  • Ripple
  • Litecoin
  • Alt Coin
  • ICO
  • Business
No Result
View All Result
CoinNewsDaily
No Result
View All Result
Home Bitcoin

Why Bitcoin Price Could Correct Sharply If It Breaks 100 SMA

coinnewsdaily by coinnewsdaily
December 4, 2020
in Bitcoin
0
Why Bitcoin Price Could Correct Sharply If It Breaks 100 SMA
189
SHARES
1.5k
VIEWS
Share on FacebookShare on Twitter

Related articles

Bitcoin Reclaims $40,000 as Powell Rubbishes Taper Tantrum Woes

Bitcoin Reclaims $40,000 as Powell Rubbishes Taper Tantrum Woes

January 15, 2021
Why ETH Stays Attractive On Dips

Why ETH Stays Attractive On Dips

January 15, 2021


Bitcoin price tag attempted an upside split earlier mentioned the $19,500 resistance from the US Dollar, but unsuccessful. BTC could decrease sharply if there is a crystal clear split down below the 100 hourly SMA.

  • Bitcoin is at present battling to very clear the key $19,500 resistance stage.
  • The cost is most likely to proceed reduce below $19,150 and the 100 hourly basic relocating normal.
  • There is a critical bullish trend line forming with help in close proximity to $19,200 on the hourly chart of the BTC/USD pair (info feed from Kraken).
  • The pair is very likely to speed up lower if there is a apparent break underneath $19,150 and the 100 hourly SMA.

Bitcoin Price tag is Displaying Bearish Indications

There was a fresh increase in bitcoin rate higher than $19,250 and $19,400. BTC manufactured a further try to obvious the $19,500 resistance, but it failed to achieve bullish momentum.

A significant was fashioned in the vicinity of $19,586 and the rate is at present buying and selling previously mentioned the 100 hourly easy relocating average. There was a break down below the $19,400 stage. The selling price even traded down below the 23.6% Fib retracement stage of the recent enhance from the $18,851 low to $19,586 large.

Bitcoin is now trading near the $19,300 degree. An initial support is in the vicinity of the $19,220 amount. There is also a crucial bullish craze line forming with help near $19,200 on the hourly chart of the BTC/USD pair.

Source: BTCUSD on TradingView.com

The pattern line is shut to the 50% Fib retracement level of the new improve from the $18,851 very low to $19,586 high. The upcoming critical support is in close proximity to the 100 hourly straightforward going regular at $19,120. If there is a draw back crack beneath the development line assistance, the 100 hourly SMA, and $19,000, the cost could start a major downside correction. The next big assistance could be $18,500.

Upside Split in BTC?

If bitcoin manages to remain earlier mentioned the craze line assist and the 100 hourly very simple relocating normal, it could increase earlier mentioned $19,400. The principal resistance is in close proximity to the $19,500 degree.

The cost will have to gain bullish momentum earlier mentioned the $19,500 stage and the new increased. A suitable close earlier mentioned the $19,500 amount could lead the selling price toward the key $20,000 barrier.

Technological indicators:

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

Hourly RSI (Relative Power Index) – The RSI for BTC/USD is at the moment just underneath the 50 amount.

Significant Assist Amounts – $19,200, adopted by $19,150.

Significant Resistance Levels – $19,400, $19,500 and $19,800.

Share76Tweet47
Previous Post

Self-Proclaimed Contrarian Trader Bashes Bitcoin Electronic Gold Narrative

Next Post

Ripple (XRP) is Primed For a Rally And Only 1 Thing is Holding it Back again

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

Bitcoin Reclaims $40,000 as Powell Rubbishes Taper Tantrum Woes
Bitcoin

Bitcoin Reclaims $40,000 as Powell Rubbishes Taper Tantrum Woes

January 15, 2021
Why ETH Stays Attractive On Dips
Bitcoin

Why ETH Stays Attractive On Dips

January 15, 2021
Chainlink (Hyperlink) Revisits $18, Why It Could Before long Split $20
Bitcoin

Chainlink (Hyperlink) Revisits $18, Why It Could Before long Split $20

January 15, 2021
Bitcoin Revisits $40K, What Are Prospects of BTC Hitting New ATH
Bitcoin

Bitcoin Revisits $40K, What Are Prospects of BTC Hitting New ATH

January 15, 2021
Why The Dim Net’s Most Energetic Sector Ditched Bitcoin For Monero
Bitcoin

Why The Dim Net’s Most Energetic Sector Ditched Bitcoin For Monero

January 15, 2021
Bitcoin is Poised to Proceed Surging as Recent Altcoin Rally Pauses
Bitcoin

Bitcoin Just Reached this “Key Zone” — Here’s What Analysts Say Arrives Next

January 14, 2021
Load More
Next Post
Ripple (XRP) is Primed For a Rally And Only 1 Thing is Holding it Back again

Ripple (XRP) is Primed For a Rally And Only 1 Thing is Holding it Back again

Categories

  • Alt Coin
  • Bitcoin
  • Business
  • Ethereum
  • ICO
  • Litecoin
  • Mining
  • Ripple
  • Tech
  • Trading

What New here?

  • Bitcoin Reclaims $40,000 as Powell Rubbishes Taper Tantrum Woes
  • Bitcoin will get more company guidance as mayor of Miami strategies of “holding a percentage of Miami’s reserves in Bitcoin “
  • Why ETH Stays Attractive On Dips

Subscribe to Get More!

Loading
  • About Us
  • Contact Us
  • Privacy & Policy

© 2018-2020 CoinNewsDaily.com by CoinNewsDaily Inc. Crafted with Love by iFtiDev

No Result
View All Result
  • Home
  • Coin Market Cap
  • ICO Live
  • Bitcoin
  • Ethereum
  • Ripple
  • Litecoin
  • Alt Coin
  • ICO
  • Business

© 2018-2020 CoinNewsDaily.com by CoinNewsDaily Inc. Crafted with Love by iFtiDev

  • bitcoinBitcoin(BTC)$36,858.00
  • ethereumEthereum(ETH)$1,190.60
  • tetherTether(USDT)$1.00
  • rippleXRP(XRP)$0.282953
  • litecoinLitecoin(LTC)$145.90
  • cardanoCardano(ADA)$0.308549
  • bitcoin-cashBitcoin Cash(BCH)$491.26
  • stellarStellar(XLM)$0.286842
  • moneroMonero(XMR)$157.43
  • eosEOS(EOS)$2.78
  • tronTRON(TRX)$0.030152
  • nemNEM(XEM)$0.212722
  • neoNEO(NEO)$23.86
  • vechainVeChain(VET)$0.025634
  • dashDash(DASH)$128.09
  • iotaIOTA(MIOTA)$0.425935
  • dogecoinDogecoin(DOGE)$0.009220
  • zcashZcash(ZEC)$107.17
  • ethereum-classicEthereum Classic(ETC)$7.60
  • zilliqaZilliqa(ZIL)$0.066897
  • wavesWaves(WAVES)$6.46
  • ontologyOntology(ONT)$0.62
  • omisegoOMG Network(OMG)$3.60
  • loopringLoopring(LRC)$0.390357
  • nanoNano(NANO)$3.23
  • iostokenIOST(IOST)$0.021073
  • iconICON(ICX)$0.63
  • qtumQtum(QTUM)$3.02
  • bitcoin-goldBitcoin Gold(BTG)$13.03
  • siacoinSiacoin(SC)$0.004541
  • statusStatus(SNT)$0.052343
  • vergeVerge(XVG)$0.011588
  • liskLisk(LSK)$1.31
  • bitcoin-diamondBitcoin Diamond(BCD)$0.78
  • bytomBytom(BTM)$0.070198
  • bitsharesBitShares(BTS)$0.025352
  • steemSteem(STEEM)$0.177385
  • wanchainWanchain(WAN)$0.343191
  • stratisStratis(STRAX)$0.485096
  • aionAion(AION)$0.079642
  • aeternityAeternity(AE)$0.102098
  • populousPopulous(PPT)$1.00
  • hshareHyperCash(HC)$0.65