Where is the next support for Bitcoin?
Bitcoin’s price has been declining over the past few days, almost reverting all gains from the past greenish week. In fact, Bitcoin lost over $6K over the past 3-days.
BTC also broke below the 50-day moving average, spreading fear all over the market once again. However, there is still the chance to reclaim back above the significant moving average line over the past few days. In that case, we might see another attempt towards the $45K resiatnce. The RSI also indicated that the price was at ‘overbought’ at the top of the range, with values above 70.was also spotted by this oscillator, pointing to a possible correction in the short term. Currently, the RSI is entering the oversold area on the 4-hour time frame, indicating that a short-term bottom could be near.
South Africa Latest News, South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Cointelegraph MarketsNever miss a market move! Join Cointelegraph Markets on Telegram for the latest news from the world of crypto.
Read more »
Bitcoin loses $40K as BTC price support levels give way to 1-week lowsBitcoin fails to turn $40,000 to support once more as BTC price action hits weekly lows.
Read more »
Bitcoin, Ethereum Technical Analysis: BTC Approaching $40,000 Support on NFP Day – Market Updates Bitcoin NewsBTC was fast approaching its support level of $40,000 on Friday, as markets prepared for February’s nonfarm payrolls report.
Read more »
Bitcoin Dumps Below $40K: Lost $6K in 3 Days (Weekend Watch)The crypto market is down by more than $200 billion in three days as bitcoin dumped by $6,000 in the same timeframe.
Read more »
USD/INR Price Analysis: Indian rupee bears approach multi-day-old support near 76.50USD/INR Price Analysis: Indian rupee bears approach multi-day-old support near 76.50 By anilpanchal7 USDINR Technical Analysis ChartPatterns TrendFollowing SupportResistance
Read more »
Bitcoin's Rollercoaster and Crypto Volatility Amid War in Ukraine: This Week's RecapAs the war continues to rage in Ukraine, Bitcoin, as well as other major cryptocurrencies, went on a wild ride throughout the past seven days.
Read more »