CRYPTO NEWS - Bitcoin (BTC) Lost its Bullish Momentum After a Rebound from Resistance
CRYPTO NEWS - Bitcoin (BTC) Lost its Bullish Momentum After a Rebound from Resistance
00:05 Intro
01:48 Crypto News
03:17 Bitcoin News
04:32 Ethereum News
05:15 Bitcoin Technical Analysys
06:40 Ethereum Technical Analysys
07:01 Crypto Market News
07:51 Outro
The BTC rate made a bearish breakout of the $39,000 area on January 21, but managed to return to the area, reaching $38,919. Now bitcoin rolled back again, but it is possible that it completed the formation of a short-term corrective structure.
On January 24, bitcoin marked a local low of $32,917 and then rebounded from it and began to rise. The growth continued until BTC reached a high of $38,919 on January 26. However, after that the market immediately formed a long upper wick and the price declined on the same day.
The bulls failed to break through the resistance at $38,200 (the Fibo 0.5 retracement level and horizontal resistance).
A breakout of this level will be an important signal of the formation of a short-term bullish price structure for BTC.
The rate of BTC on January 21 made a bearish break-through of the area of $39,000, but managed to return to this area, reaching $38,919. Now bitcoin has rolled back again, but it is possible that it has completed the formation of a short-term corrective structure.
On January 24, bitcoin marked a local low of $32,917 and then rebounded from it and began to rise. The growth continued until BTC reached a high of $38,919 on January 26. However, after that the market immediately formed a long upper wick and the price declined on the same day.
The bulls failed to break through the resistance at $38,200 (the Fibo 0.5 retracement level and horizontal resistance).
A breakout of this level will be an important signal of the formation of a short-term bullish price structure for BTC.
#cryptocurrency #bitcoin
00:05 Intro
01:48 Crypto News
03:17 Bitcoin News
04:32 Ethereum News
05:15 Bitcoin Technical Analysys
06:40 Ethereum Technical Analysys
07:01 Crypto Market News
07:51 Outro
The BTC rate made a bearish breakout of the $39,000 area on January 21, but managed to return to the area, reaching $38,919. Now bitcoin rolled back again, but it is possible that it completed the formation of a short-term corrective structure.
On January 24, bitcoin marked a local low of $32,917 and then rebounded from it and began to rise. The growth continued until BTC reached a high of $38,919 on January 26. However, after that the market immediately formed a long upper wick and the price declined on the same day.
The bulls failed to break through the resistance at $38,200 (the Fibo 0.5 retracement level and horizontal resistance).
A breakout of this level will be an important signal of the formation of a short-term bullish price structure for BTC.
The rate of BTC on January 21 made a bearish break-through of the area of $39,000, but managed to return to this area, reaching $38,919. Now bitcoin has rolled back again, but it is possible that it has completed the formation of a short-term corrective structure.
On January 24, bitcoin marked a local low of $32,917 and then rebounded from it and began to rise. The growth continued until BTC reached a high of $38,919 on January 26. However, after that the market immediately formed a long upper wick and the price declined on the same day.
The bulls failed to break through the resistance at $38,200 (the Fibo 0.5 retracement level and horizontal resistance).
A breakout of this level will be an important signal of the formation of a short-term bullish price structure for BTC.
#cryptocurrency #bitcoin
