The calm before the storm? BTC tries to rise over $ 27,000 (Bitcoin price analysis)

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Der Bitcoin-Preis befindet sich derzeit in einer Konsolidierungsphase und hat den gleitenden 100-Tage-Durchschnitt von 26.922 US-Dollar erreicht. Zwei bedeutende Unterstützungsbereiche auf seinem Weg könnten jedoch möglicherweise den anhaltenden Rückgang stoppen und die nächste Aufwärtsrallye auslösen. Technische Analyse Von Shayan Das Tages-Chart Während der Konsolidierungskorrekturphase fiel BTC leicht unter die mittlere Trendlinie des aufsteigenden Kanals und testete dies als Rückzug. Allerdings setzte der Bitcoin-Preis den Abwärtstrend fort, indem er kleine aufeinanderfolgende rote Kerzen druckte und vorübergehend beim gleitenden 100-Tage-Durchschnitt von 26,9.000 $ stagnierte. Wenn er unter den gleitenden 100-Tage-Durchschnitt fällt, könnten die untere Schwelle des Kanals von rund 24.000 US-Dollar und …
The Bitcoin price is currently in a consolidation phase and has reached the sliding 100-day average of $ 26,922. However, two significant support areas on his way could possibly stop the continued decline and trigger the next upward rally. Technical analysis of Shayan During the consolidation correction phase, BTC fell slightly below the middle trend line of the rising channel and tested this as a withdrawal. However, the Bitcoin Prize continued the downward trend by printing small consecutive red candles and temporarily stagnating with $ 26.9,000 with the sliding 100-day average. If it falls below the sliding 100-day average, the lower threshold of the channel could be around $ 24,000 and ... (Symbolbild/KNAT)

The Bitcoin price is currently in a consolidation phase and has reached the sliding 100-day average of $ 26,922. However, two significant support areas on his way could possibly stop the continued decline and trigger the next upward rally.

technical analysis

of Shayan

The daily chart

During the consolidation correction phase, BTC fell slightly below the average trend line of the rising channel and tested this as a withdrawal. However, the Bitcoin price continued the downward trend by printing small successive red candles and temporarily stagnating with the sliding 100-day average of $ 26.9,000.

If it falls below the sliding 100-day average, the lower threshold of the channel could be potential price targets of around $ 24,000 and the sliding 200-day average of $ 23,000.

If Bitcoin is supported on the other hand, the most likely scenario would be an attempt to overcome the significant level of resistance at $ 30,000.

btc_price_chart_0406231 Tradingview

The 4-hour diagram

When analyzing the 4-hour time frame, a flag pattern was developed during the most recent correction phase of the market. The Bitcoin price currently consolidates within this flag and forms lower highs and lower lows.

However, there is a significant range of support between the levels of 61.8 % ($ 23,923) and 50 % ($ 25,274) of the Fibonacci retracement. These two known Fibonacci levels indicate potential destinations for correction levels. In view of the market situation, it is likely that the price will continue the correction phase until it reaches this critical support zone.

btc_price_chart_0406231 Tradingview

on-chain-analysis

The following diagram shows the SOPR ratio together with the Bitcoin Prize since the Bärenmarkt 2015. The SOPR ratio is measured by dividing the values ​​of the SOPR values ​​of long-term owners by the values ​​of short-term owners. As in the two previous downward cycles in 2015 and 2019, it has always signaled long -term investment options.

This relationship reached its lowest level in December 2022 since 2019 - about 0.53 - which indicates the beginning of an upward phase on the market. He is currently experiencing an upward trend of over 1, which in the past coincides with successful bull runs on the cryptocurrency market.

Although it is uncertain whether the bull market is complete, the buyers are expected to continue dominating as long as the SOPR ratio remains over one.

btc_sopr_spr_r_0406231 Cryptoquant

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