CRYPTO NEWS - Slow Recovery - Daily Market is in Green - Bitcoin Price $20.5K - Moving Flat
CRYPTO NEWS - Slow Recovery - Daily Market is in Green - Bitcoin Price $20.5K - Moving Flat
Intro: (0:00)
Daily Market is in Green (1:11)
Bitcoin Price $20.5K: (1:15)
Crypto News: (2:12)
Bitcoin Price: (3:41)
Ethereum Price: (4:15)
Outro: (05:39)
Bitcoin price started a minor upside correction above the $20,000 resistance zone. BTC even cleared the $20,200 resistance zone and the 100 hourly simple moving average.
It spiked above the $20,500 level but the bulls struggled to push the price further higher. A high was formed near $20,576 before there was a bearish reaction. The price declined sharply below the $20,000 level and the 100 hourly simple moving average.
However, it stayed above the $19,500 support zone. A low is formed near $19,555 and the price is now rising. There was a move above the 50% Fib retracement level of the recent decline from the $20,576 swing high to $19,555 low.
Bitcoin is now trading above the $20,000 level and the 100 hourly simple moving average. On the upside, an immediate resistance is near the $20,340 level.
There is also a connecting bearish trend line forming with resistance near $20,340 on the hourly chart of the BTC/USD pair. The trend line is near the 76.4% Fib retracement level of the recent decline from the $20,576 swing high to $19,555 low.
Intro: (0:00)
Daily Market is in Green (1:11)
Bitcoin Price $20.5K: (1:15)
Crypto News: (2:12)
Bitcoin Price: (3:41)
Ethereum Price: (4:15)
Outro: (05:39)
Bitcoin price started a minor upside correction above the $20,000 resistance zone. BTC even cleared the $20,200 resistance zone and the 100 hourly simple moving average.
It spiked above the $20,500 level but the bulls struggled to push the price further higher. A high was formed near $20,576 before there was a bearish reaction. The price declined sharply below the $20,000 level and the 100 hourly simple moving average.
However, it stayed above the $19,500 support zone. A low is formed near $19,555 and the price is now rising. There was a move above the 50% Fib retracement level of the recent decline from the $20,576 swing high to $19,555 low.
Bitcoin is now trading above the $20,000 level and the 100 hourly simple moving average. On the upside, an immediate resistance is near the $20,340 level.
There is also a connecting bearish trend line forming with resistance near $20,340 on the hourly chart of the BTC/USD pair. The trend line is near the 76.4% Fib retracement level of the recent decline from the $20,576 swing high to $19,555 low.
