Bitcoin price is showing recovering signs above $32,000 兑美元. BTC is facing an uphill task at $34,000 and it is likely to continue lower towards $30,000.
- Bitcoin is correcting higher from $28,865 and it is trading above the $32,000 抵抗性.
- The price is facing a strong resistance near $34,000 和 100 简单移动平均线 (4-小时).
- There is a short-term contracting triangle forming with resistance near $33,000 on the 4-hours chart of the BTC/USD pair (来自Kraken的数据馈送).
- The pair could face a strong resistance near the $33,800 和 $34,000 levels in the near term.
Bitcoin Price Remains At Risk
This past week, bitcoin price saw a sharp decline below the $35,000 和 $34,000 对美元的支撑位. The BTC/USD pair even tumbled below the $30,000 support and settled well below the 100 简单移动平均线 (4-小时).
A low was formed near $28,800 before the price started an upside correction. 它打破了 $30,000 level and it even recovered above the $31,500 水平.
There was also a test of the 50% 斐波拉契回撤位从 $37,847 swing high to $28,867 低. There is also a short-term contracting triangle forming with resistance near $33,000 on the 4-hours chart of the BTC/USD pair.
If there is a triangle break, the price could face hurdles near the $33,800 和 $34,000 等级. There is also a key bearish trend line forming near $34,500 on the same chart. 它靠近 61.8% 斐波拉契回撤位从 $37,847 swing high to $28,867 低.
收盘价之上 $34,000 和 $34,500 resistance levels could open the doors for a larger increase. The next major hurdle is near the $38,000 水平.
Fresh Drop in BTC?
If bitcoin fails to clear the $33,500 和 $34,000 抵抗水平, there is a risk of another decline. 下行方面的初步支撑接近 $31,800 水平.
明显突破 $31,800 和 $31,500 support levels could clear the path for a push towards the $30,000 support zone in the near term. Any more losses might call for a test of $28,800.
4 hours MACD – The MACD for BTC/USD is slowly gaining momentum in the bullish zone.
4 小时RSI (相对强度指数) – The RSI for BTC/USD is rising towards the 50 水平.