Bitcoin explodes by 7 % compared to weekly lows, but this critical resistance is imminent (BTC price analysis)

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Von Krypto News Österreich

Der Bitcoin-Preis hat einen bedeutenden Unterstützungsbereich erreicht, einschließlich der unteren Grenze des aufsteigenden Kanals und der statischen Unterstützungszone von 25.000 US-Dollar, was auch mit seinem vorherigen großen Ausschlag vom 19. Februar übereinstimmt. Es wird erwartet, dass der Preis in dieser Region hervorragende Unterstützung erhält, da der Kaufdruck hoch erscheint. Technische Analyse des Bitcoin-Preises Von Shayan Das Tages-Chart Nach einer längeren Phase der Konsolidierungskorrektur begann der Preis von Bitcoin leicht zu sinken und verzeichnete einen Rückgang um 20 % (vom Jahreshoch von 31.000 $ auf das jüngste Swing-Tief von 24,8.000 $). Nach den Korrekturphasen hat der Preis jedoch entlang der unteren …
The Bitcoin Prize has reached a significant area of ​​support, including the lower limit of the rising channel and the static support zone of $ 25,000, which also corresponds to its previous great rash from February 19. The price in this region is expected to receive excellent support because the purchase pressure appears high. Technical analysis of Shayan's Bitcoin Prize The daily chart After a longer phase of consolidation correction, Bitcoin's price began to decrease easily and recorded a decline of $ 3 $ $ 24). After the correction phases, however, the price along the lower ... (Symbolbild/KNAT)

The Bitcoin Prize has achieved a significant area of ​​support, including the lower limit of the rising channel and the static support zone of $ 25,000, which also corresponds to its previous large rash from February 19. The price in this region is expected to receive excellent support because the purchase pressure appears high.

Technical analysis of the Bitcoin Prize

of Shayan

The daily chart

After a longer phase of consolidation correction, the price of Bitcoin began to decrease easily and recorded a decrease of 20 % (from the annual high of $ 31,000 to the latest swing low of $ 24.8,000).

After the correction phases, the price has achieved significant psychological support at $ 25,000 along the lower trend line of the channel.

If the price falls below this area, there could be an impulsive downward rally, since the sales pressure could increase significantly. Nevertheless, it should be noted that the sliding 200-day average, which supports the price stably, is currently below the lower limit of the channel, about $ 23.9,000, and Bitcoin could protect from a further decline.

btc_price_chart_1906231 Tradingview

The 4-hour diagram

The price of Bitcoin has developed a descending channel since it was rejected from the $ 31,000 and began to fall. Finally, during the downward trend, he reached the lower trend line of the channel, which was $ 24.7,000, and found support.

On the other hand, the Fibonacci range from 61.8 % to 50 % also agrees with the lower trend line and offers strong support. As a result, Bitcoin experienced a trend reversal and initiated an impulsive upward rally.

The price is currently trying to break through the upper threshold of the channel, which is $ 27,000, and if the outbreak succeeds, the upward rally is imminent. Therefore, the next stop from Bitcoin in this scenario could be the significant resistance range of $ 30,000.

btc_price_chart_1906232 Tradingview

on-chain analysis

of Shayan

The "realized price" diagram for short-term owners is a valuable and helpful on-chain metric for Bitcoin. In the past, it acted as support as well as resistance.

Recently there was an interesting development when Bitcoin fell below the average purchase price short -term owner. This situation could have prompted these owners to sell their BTC as soon as they had reached the profit threshold.

Contrary to expectations, short -term owners saw this as an opportunity to accumulate BTC relatively cheaply, which led to an increase. As a result, the cryptocurrency has now broken the realized price of short -term owners.

As long as this level continues to serve as support, the cryptocurrency could explore higher levels. The market owes this positive result to the action of short -term owners who took the opportunity to buy Bitcoin at a reduced price.

btc_chart_1906231 Cryptoquant

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