Looking at the bitcoinchart it appears that the BTCUSD market is trying to break out for a bigger move:
Looking at this chart, it appears that the market is trying to break out for a bigger move, but there is a significant amount of resistance between the 200 Day EMA and the $45,000 level. That is an area that I think is going to continue to be difficult, but if we get a close above all of that, it is likely that the Bitcoin market will continue to go higher.The market breaking above the $45,000 level almost certainly opens up the possibility of reaching the $50,000 level.
Having said all of that, the market had sold off so drastically recently that we could be consolidating for recovery. After all, Bitcoin lost almost 50% of its value and therefore a lot of longer-term traders would be stepping into pick up more. That has been the pattern with Bitcoin and other crypto markets for a long time now, and therefore it is likely to try to repeat.
Deutschland Neuesten Nachrichten, Deutschland Schlagzeilen
Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.
NASDAQ 100 Forecast: Index Attempting Break of 200 Day EMAThe NASDAQ 100 has rallied during the trading session on Thursday to reach the 200 Day EMA again.
Weiterlesen »
USD/CAD remains below the 200-DMA as sellers eye the YTD low around 1.2450USD/CAD drop extends to seven straight days amid a risk-off market mood in the equity markets, which has faltered to underpin the FX markets, portrayi
Weiterlesen »
BTC/USD Forecast: Bitcoin Bounces from 50-Day EMABitcoin initially fell on Wednesday to reach down towards the 50-day EMA.
Weiterlesen »
NASDAQ 100 Forecast: Index Attempting Break of 200 Day EMAThe NASDAQ 100 has rallied during the trading session on Thursday to reach the 200 Day EMA again.
Weiterlesen »
Russia Is Open To Selling Natural Gas For BitcoinRussia can trade with ‘friendly’ countries in national currencies or bitcoin, the chairman of the State Duma committee on energy said.
Weiterlesen »