CRYPTO NEWS TODAY - Bitcoin Price is Growing Over 30K - Market is in Green Zone
CRYPTO NEWS TODAY - Bitcoin Price is Growing Over 30K - Market is in Green Zone
00:01 Intro
01:12 Crypto News Today
02:08 Bitcoin News
03:21 Ethereum News
04:11 Bitcoin Technical Analysys
05:03 Bitcoin Price Prediction
10:24 Outro
Bitcoin (BTC) is trading around the $30,000 level. Last week between May 16 and 22, it generated its eighth consecutive bearish weekly candle. Such a situation has never happened before in the history of cryptocurrencies.
Since reaching a local peak at $48,234 on March 28, only red candles have appeared on bitcoin’s weekly chart. The price reached a low of $25,400 on May 12 and rebounded to its current level. This represents a decline of 47% at the extremes.
Along with hitting long-term support at $28,800, BTC has reached the 0.618 Fib retracement as measured from the COVID-19 crash in March 2020. If this level fails to hold as support, the next targets are the 200-week moving average (200W MA, blue line) at $22,000 and the 0.786 Fib retracement at $18,000.
#crypto #bitcoin
00:01 Intro
01:12 Crypto News Today
02:08 Bitcoin News
03:21 Ethereum News
04:11 Bitcoin Technical Analysys
05:03 Bitcoin Price Prediction
10:24 Outro
Bitcoin (BTC) is trading around the $30,000 level. Last week between May 16 and 22, it generated its eighth consecutive bearish weekly candle. Such a situation has never happened before in the history of cryptocurrencies.
Since reaching a local peak at $48,234 on March 28, only red candles have appeared on bitcoin’s weekly chart. The price reached a low of $25,400 on May 12 and rebounded to its current level. This represents a decline of 47% at the extremes.
Along with hitting long-term support at $28,800, BTC has reached the 0.618 Fib retracement as measured from the COVID-19 crash in March 2020. If this level fails to hold as support, the next targets are the 200-week moving average (200W MA, blue line) at $22,000 and the 0.786 Fib retracement at $18,000.
#crypto #bitcoin
