The price of Bitcoin (BTC) is in a downward correction as it consolidates above $29,000 support. Today, the largest cryptocurrency is trading at $29,287 at press time.
Since the May 12 plunge, buyers have made desperate efforts to bring the cryptocurrency back to its previous highs. The bulls have failed to keep the BTC price above the $32,000 resistance. Consequently, Bitcoin is forced to fluctuate between $27,900 and $32,000. BTC/USD is trading in a tight range as it continues to fluctuate above the $29,000 support. If the bears break the current support to the downside, the market will fall to a low of $26,000. On the upside, a move above current support will catapult bitcoin to the psychological price level of $40,000.
ការអានសូចនាករ Bitcoin
Bitcoin is at level 32 of the Relative Strength Index for period 14, trading in the oversold region of the market. The cryptocurrency is below the 30% range of the daily stochastic. The market has resumed bearish momentum due to the rejection of the high at $32,000. The 21-day line SMA and the 50-day line SMA are sloping downward, indicating a downtrend. The 21-day line SMA acts as a resistance line for bitcoin.
សូចនាករបច្ចេកទេស:
កំរិតធន់ទ្រាំសំខាន់ៗ - ១៨០ ដុល្លារនិង ១៦០ ដុល្លារ
កំរិតគាំទ្រសំខាន់ៗ - ១៤០ ដុល្លារនិង ១២០ ដុល្លារ
តើអ្វីជាទិសដៅបន្ទាប់សម្រាប់ BTC?
Bitcoin is in a downward correction as it consolidates above $29,000 support. Bears are trying to break the current support while bulls are offering strong resistance. A doji candlestick with a protruding tail indicates that there is strong buying pressure at the current support.
Meanwhile, the May 12 downtrend has shown a retraced candlestick body testing the 78.6% Fibonacci retracement level. The retracement suggests that Bitcoin will continue to fall to the 1,272 Fibonacci extension or $24,382.
ការបដិសេធ។ ការវិភាគនិងការព្យាករណ៍នេះគឺជាគំនិតផ្ទាល់ខ្លួនរបស់អ្នកនិពន្ធហើយមិនមែនជាអនុសាសន៍ក្នុងការទិញឬលក់គ្រីបគ្រីមៀរហើយមិនគួរត្រូវបានចាត់ទុកជាការយល់ព្រមរបស់ខូនអាយដុលទេ។ អ្នកអានគួរធ្វើការស្រាវជ្រាវដោយខ្លួនឯងមុនពេលវិនិយោគមូលនិធិ។
ប្រភព៖ https://coinidol.com/bitcoin-29000-support/