- Bitcoin's price lets a great deal and trading almost $ 5,200 against US dollar.
- There is a short consolidation pattern created by $ 5,550 on the 4-hour schedule of the BTC / USD party (Kraken information).
- The two can be corrected higher to $ 5,750 or $ 5,880, but it is likely that what goes over.
The Bitcoin price was set below under the main support of the US door. BTC / USD may recover in the short term, but sellers control around $ 5,880.
Icon for Bitcoin Price Analysis
In this week, we saw a bad downturn from the $ 6,300 bitcoin price that stood up against US Dollar. BTC / USD pairs fell below the $ 6,000 and $ 5,800 support levels to access a bearish zone. The price even exceeded $ 5,800 and the simple simple 100-hour (4-hour). He bought nearly $ 5,200 and set up a low annual $ 5,206. Later on, its price correction corrected correctly and exceeded $ 5,400 and $ 5,500.
Price buyers higher than FSA level% 23.6% of the recent downturn from $ 6,304 to $ 5,206 were low. However, the levels of $ 5,550 and $ 5,600 are currently working as bumps. In addition, there is a short consolidation pattern created with a service of $ 5,550 on the 4-hour record of the BTC / USD paper. It is likely that the price of the settlement could be broken off $ 5,550 and $ 5,600 to extend the revival. However, there are many obstacles up to $ 5,750 and $ 5,880. In addition, the 61.8% Fib% rate of the recent decline has dropped from $ 6,304 to $ 5,206 at $ 5,880 to be a bad connection.
Looking at her & # 39; The BTC price may be up to $ 5,750 or $ 5,880, but it is likely that its sales will be of great interest.
Viewing the technical features:
4-hour MACD – The MACD for BTC / USD is back in the support zone.
4-hour RSI (Co-strength Index) – the RSI is higher than the current 30.
Big Support Level – $ 5,200
Big Legislation Level – $ 5,880