Bitcoin price rallied towards the $38,000 weerstand, but it failed to hold gains against the US Dollar. BTC started a fresh decline and it is now struggling to stay above $33,500.
- Bitcoin is showing a few bearish signs below the $35,000 en $35,500 weerstandsniveaus.
- The price is now trading near the $34,000 pivot level and the 100 eenvoudig voortschrijdend gemiddelde (4-uren).
- There is a key bullish trend line forming with support near $33,900 op de 4-uurs grafiek van het BTC / USD-paar (datafeed van Kraken).
- The pair either decline heavily towards $31,000 or it might clear $35,000 for a fresh increase.
Bitcoin Price Remains At Risk
Afgelopen week, bitcoin price saw a sharp upward move above the $35,000 weerstand tegen de Amerikaanse dollar. The BTC/USD pair surged over 15% and it even climbed above the $36,500 niveau.
The price spiked above the $38,000 resistance and settled above the 100 eenvoudig voortschrijdend gemiddelde (4-uren). A high was formed near $38,603 before the price started a fresh decline. There was a sharp decline below the $36,500 en $36,000 niveaus.
Bitcoin price even traded below the 50% Fib-retracementniveau van de opwaartse beweging van de $29,282 zwaai laag naar $38,603 hoog. De prijs testte zelfs de $33,000 ondersteuningsniveau.
It found support near the 61.8% Fib-retracementniveau van de opwaartse beweging van de $29,282 zwaai laag naar $38,603 hoog. The price is now trading near the $34,000 pivot level and the 100 eenvoudig voortschrijdend gemiddelde (4-uren).
There is also a key bullish trend line forming with support near $33,900 op de 4-uurs grafiek van het BTC / USD-paar. If there is a clear break below the trend line, the price could continue to move down below $33,500. The next major support is at $33,000. Any more losses could lead the price towards the $31,000 ondersteuningszone.
Fresh Increase in BTC?
If bitcoin stays above the trend line support, there are chances of a fresh increase above $34,500. An initial resistance on the upside is near the $35,000 niveau.
A proper break and close above the $35,000 resistance will most likely set the pace for a sustained upward move in the coming sessions. De volgende grote weerstand aan de bovenkant is nabij de $36,400 niveau.
Technische indicatoren
4 hours MACD – The MACD for BTC/USD is slowly gaining momentum in the bearish zone.
4 uur RSI (Relative Strength Index) – The RSI for BTC/USD is just above the 50 niveau.
Groot ondersteuningsniveau - $33,500
Groot weerstandsniveau - $35,000
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Bron: Newsbtc
