Analyste: Bitcoin s'approche de "l'intersection critique du support macro"

Bitcoin fast approaching towards a critical intersection of macro support, according to a crypto analyst.

Critical Intersection Of Macro Support

As pointed out by a Bitcoin analyst on Twitter, the cryptocurrency is coming closer to an intersection with a macro support curve.

BTC macro support curve | La source: TheCryptoCactus

The above chart showcases how Bitcoin has been moving relative to the macro support curve.

Maintenant, there is another chart below that highlights the two important ranges of the BTC price.

Bitcoin ranges

Bitcoin's two price ranges of interest | La source: TheCryptoCactus

One notable feature in the graph is the wicks that BTC has been making into the lower band of Range 1.

Range 2 is the the previous all time high (ATH) price of Bitcoin. Actuellement, its value is around $19,000. It may be the most important macro support line.

If the price drops below the last ATH range, it could be a signal that the market has taken a bearish turn, and price will continue to go down.

Lecture connexe | Les flux nets d'échange Bitcoin sont négatifs, Une course de taureaux pourrait-elle arriver?

toutefois, as the wicks show, buyers are still trying to accumulate and maintain the range. As long as investors keep absorbing the pressure, the range will not be lost.

There are two scenarios that can happen with Bitcoin right now. The next chart will help showcase them.

Bitcoin scenarios

Where can the BTC market possibly head to next? | La source: TheCryptoCactus

The first scenario is that amidst all the FUD and crackdowns (like the Binance one), buyers keep at absorbing the pressure and maintaining this range. During which, the price gradually goes up to the next range.

The other way out of this range is if Bitcoin drops below the $30k mark, and this price-point becomes a resistance line.

The latter scenario will mean the price goes down a lot, and coming back from it will be tough. And as mentioned before, if BTC crosses the $19k last ATH support line, une Ours

Le marché baissier est défini comme un ensemble décroissant de prix pour divers types d'actifs. Un investisseur baissier veut profiter du mouvement de baisse des prix. Tu peux penser à un ours, balançant sa grosse patte vers le bas sur l'investissement, prix de broyage.

" Lire la suite

‘ href =”” data-wpel-link =”interne”>bear market can possibly take hold.

Prix ​​Bitcoin

Au moment de la publication, BTC is down almost 6% autrefois 24 hours with its price floating just below $33k. Au cours de la semaine dernière, its value is down around 2%.

Here is a chart noting the trend over the last 6 mois:

Prix ​​Bitcoin

BTC gains slight downwards momentum | La source: BTCUSD sur TradingView

Bitcoin’s price seems to be going down once again as the cryptocurrency touched the $32k mark Thursday.

Lecture connexe | TA: Bitcoin échoue à nouveau, Pourquoi BTC reste menacé d'une forte baisse

The market price will need to be maintained above $30k for a bullish trend. If the price drops further, and the $19k support is lost, the market could very well turn into a bearish one.

Featured image from, charts from TheCryptoCactus,

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La source: Actualitésbtc