• Bitcoin
  • Altcoins
  • NFT
  • Metaverse
  • Analysis
  • Learn
  • Market Cap
What's Hot

What is NBA Top Shot? A Beginner’s Guide

2023-09-22

Upland and KABOOM! Unite to Address Playspace Inequity

2023-09-22

What Are Bridges in Crypto? Cross-Chain Bridges, Explained – Cryptocurrency News & Trading Tips – Crypto Blog by Changelly

2023-09-21
Facebook Twitter Instagram
  • Contact
  • Terms & Conditions
  • Privacy Policy
  • DMCA
Facebook Twitter Instagram
The Crypto News Insider
  • Bitcoin

    Shocking Crypto Participation Report On Fortune 100 Companies

    2023-06-22

    Bitcoin, Ethereum Retraces After The BOE’s 50 Bps Rate Hike, US Fed Powell Testimony

    2023-06-22

    Crypto Liquidation Hits $216 Million As Bitcoin Leap Towards $31K

    2023-06-22

    When BlackRock Bitcoin ETF? Detailed Timeline And Implications

    2023-06-22

    Bitcoin Price Pumps To $30,000 Amid Renewed Bullish Sentiment As Wall Street Embraces Crypto

    2023-06-22
  • Altcoins

    SHIB enters critical zone, Shibarium beta launch might happen this week?

    2023-02-19

    Is Ethereum [ETH] setting up a big show ahead of Shanghai upgrade? 

    2023-02-19

    Shibarium Beta To Go Live Next Week: Rumors or Reality?

    2023-02-19

    Helium to migrate to Solana on this date, here’s how HNT reacted

    2023-02-19

    ETH tests 5-month high as whales retain this % of supply, more inside

    2023-02-19
  • NFT

    Magic Eden Launches New Diamond Rewards, Here Are 3 Easy Ways To Earn Them

    2023-03-30

    Magic Eden’s New Bitcoin NFT Marketplace Dominates Ordinals Market

    2023-03-30

    Pace Gallery Holds First Web3 Solo Exhibit Featuring Tyler Hobbs

    2023-03-30

    10 Best NFTs to Buy Right Now — The Top NFT Collections

    2023-03-30

    Unstoppable Domains Launches AI-Generated Avatars

    2023-03-30
  • Metaverse

    Upland and KABOOM! Unite to Address Playspace Inequity

    2023-09-22

    Decentraland Hosts the First Metaverse Architecture Biennale

    2023-09-20

    A Step Towards Global Medical Metaverse Collaboration

    2023-09-18

    Shandong Province Aims for 10% of Global Metaverse Market by 2025

    2023-09-11

    The Future of Workspaces: Clockwise’s Metaverse Campus Unveiled

    2023-09-06
  • Analysis

    Whales Abruptly Move Over $850,000,000 in Bitcoin in Just 24 Hours – Here’s Where the Crypto is Going

    2023-04-16

    Trader Who Accurately Predicted 2023 Crypto Rally Unveils Full-Bull Scenario for Bitcoin – But There’s a Big Catch

    2023-04-16

    Crypto Trader Says Ethereum Altcoin That’s Exploded 190% This Year Is About To Hit New All-Time High

    2023-04-15

    Analyst Nicholas Merten Goes Short on Bitcoin (BTC) As ‘Over Exuberance’ Spreads in Crypto Markets

    2023-04-15

    Blockchain Association Shows Support for Banned Tornado Cash in New Amicus Brief Filing

    2023-04-15
  • Learn

    What is NBA Top Shot? A Beginner’s Guide

    2023-09-22

    What Are Bridges in Crypto? Cross-Chain Bridges, Explained – Cryptocurrency News & Trading Tips – Crypto Blog by Changelly

    2023-09-21

    SingularityNET (AGIX) Price Prediction 2023 2024 2025

    2023-09-18

    What Are Altcoins? Best Altcoins to Buy  – Cryptocurrency News & Trading Tips – Crypto Blog by Changelly

    2023-09-08

    Your Guide to the Digital World of ENS Domains – Cryptocurrency News & Trading Tips – Crypto Blog by Changelly

    2023-09-04
  • Market Cap
The Crypto News Insider
Home»Analysis»Bitcoin Jumps 5%, Why BTC Could Offer Trade Openings On Dips
Analysis

Bitcoin Jumps 5%, Why BTC Could Offer Trade Openings On Dips

2022-07-05No Comments3 Mins Read
Share
Facebook Twitter LinkedIn Pinterest Email

Bitcoin gained tempo and cleared the $19,500 resistance towards the US Greenback. BTC is now going through resistance and may appropriate decrease to $19,500 within the short-term.

  • Bitcoin gained tempo above the $19,500 and $19,600 resistance ranges.
  • The value is now buying and selling above the $20,000 degree and the 100 hourly easy shifting common.
  • There was a transfer above a key bearish development line with resistance close to $19,460 on the hourly chart of the BTC/USD pair (information feed from Kraken).
  • The pair examined the $20,500 resistance zone and may appropriate within the short-term.

Bitcoin Worth Beneficial properties Tempo

Bitcoin worth fashioned a base above the $18,720 assist zone. In consequence, BTC began an honest enhance and broke the $19,500 resistance zone.

There was a transparent transfer above a key bearish development line with resistance close to $19,460 on the hourly chart of the BTC/USD pair. The value even broke the $20,000 resistance and settled above the 100 hourly easy shifting common.

Bitcoin climbed above the 76.4% Fib retracement degree of the important thing drop from the $20,500 swing excessive to $18,735 low. Nevertheless, the bulls struggled to pump the value above the $20,500 resistance zone.

A excessive is fashioned close to $20,450 and the value is consolidating positive aspects. It’s buying and selling above the 23.6% Fib retracement degree of the latest enhance from the $18,738 swing low to $20,450 excessive. On the upside, the value is going through resistance close to the $20,450 and $20,500 ranges.

Bitcoin Price

Supply: BTCUSD on TradingView.com

The subsequent key resistance is close to the $20,920 zone. A transparent transfer above the $20,920 resistance zone might push the value additional greater. Within the said case, the value might rise in the direction of the $21,500 degree. The subsequent main resistance sits close to the $22,200 degree.

See also  Bitcoin Price Falls To A Key Resistance Level Of $21,000

Contemporary Decline in BTC?

If bitcoin fails to clear the $20,500 resistance zone, it might begin one other decline. A right away assist on the draw back is close to the $20,000 degree.

The subsequent main assist now sits close to the $19,600 degree or the 50% Fib retracement degree of the latest enhance from the $18,738 swing low to $20,450 excessive, under which the value might decline closely. Within the said case, the value might maybe drop in the direction of the $18,720 degree.

Technical indicators:

Hourly MACD – The MACD is now dropping tempo within the bullish zone.

Hourly RSI (Relative Energy Index) – The RSI for BTC/USD is now effectively above the 50 degree.

Main Assist Ranges – $20,000, adopted by $19,500.

Main Resistance Ranges – $20,500, $20,920 and $21,500.

Source link

Bitcoin BTC Dips jumps offer Openings Trade
Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

What Is Bitcoin and How Does It Work

2023-07-07

Metaplaces Offices Offer The Future Of Work With Unique Digital Workspaces

2023-07-07

Bitcoin, Ethereum Retraces After The BOE’s 50 Bps Rate Hike, US Fed Powell Testimony

2023-06-22

Crypto Liquidation Hits $216 Million As Bitcoin Leap Towards $31K

2023-06-22
Add A Comment

Leave A Reply Cancel Reply

Top Posts

US Department of Justice probing $372M FTX exploit: Report

2022-12-28

Crypto To Grow Without US

2023-03-23

Gifto token surges over 300% following rebrand, token swap

2023-02-08

Subscribe to Updates

Get the latest news and Update from Thecryptonewsinsider.com about Crypto, Metaverse and NFT.

About
About

Our mission is to develop a community of people who try to make financially sound decisions. The website strives to educate individuals in making wise choices about Cryptocurrencies, NFT, Metaverse and more.

We're social. Connect with us:

Facebook Twitter Instagram Pinterest
Top Insights

What is NBA Top Shot? A Beginner’s Guide

2023-09-22

Upland and KABOOM! Unite to Address Playspace Inequity

2023-09-22

What Are Bridges in Crypto? Cross-Chain Bridges, Explained – Cryptocurrency News & Trading Tips – Crypto Blog by Changelly

2023-09-21
Get Informed

Subscribe to Updates

Get the latest news and Update from Thecryptonewsinsider.com about Crypto, Metaverse and NFT.

  • Contact
  • Terms & Conditions
  • Privacy Policy
  • DMCA
© 2023 Thecryptonewsinsider.com. - All rights reserved.

Type above and press Enter to search. Press Esc to cancel.

  • bitcoinBitcoin(BTC)$26,105.00-1.70%
  • ethereumEthereum(ETH)$1,576.79-0.93%
  • USDEXUSDEX(USDEX)$1.08-0.31%
  • tetherTether(USDT)$1.00-0.02%
  • binancecoinBNB(BNB)$208.89-0.71%
  • rippleXRP(XRP)$0.492353-3.11%
  • usd-coinUSDC(USDC)$1.000.01%
  • staked-etherLido Staked Ether(STETH)$1,577.16-0.91%
  • dogecoinDogecoin(DOGE)$0.060726-1.24%
  • cardanoCardano(ADA)$0.244437-0.33%
Manage Cookie Consent
To provide the best experiences, we use technologies like cookies to store and/or access device information. Consenting to these technologies will allow us to process data such as browsing behavior or unique IDs on this site. Not consenting or withdrawing consent, may adversely affect certain features and functions.
Functional Always active
The technical storage or access is strictly necessary for the legitimate purpose of enabling the use of a specific service explicitly requested by the subscriber or user, or for the sole purpose of carrying out the transmission of a communication over an electronic communications network.
Preferences
The technical storage or access is necessary for the legitimate purpose of storing preferences that are not requested by the subscriber or user.
Statistics
The technical storage or access that is used exclusively for statistical purposes. The technical storage or access that is used exclusively for anonymous statistical purposes. Without a subpoena, voluntary compliance on the part of your Internet Service Provider, or additional records from a third party, information stored or retrieved for this purpose alone cannot usually be used to identify you.
Marketing
The technical storage or access is required to create user profiles to send advertising, or to track the user on a website or across several websites for similar marketing purposes.
Manage options Manage services Manage vendors Read more about these purposes
View preferences
{title} {title} {title}