Is Bitcoin on the way to $ 21,000 or will the bulls beat back? (BTC price analysis)

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Nachdem sich ein rückläufiges Umkehrmuster mit drei Antrieben gebildet hatte, ist der Kurs kürzlich unter die Nackenlinie gefallen, was ein deutlich rückläufiges Signal für die kurzfristigen Aussichten liefert. Ab sofort steht BTC einer wichtigen Unterstützungsregion bei 21.000 $ gegenüber. Technische Analyse Von Shayan Das Tageschart Wie erwartet führte das Drei-Antriebs-Muster zu einer Trendumkehr und einem Kursrückgang. Bitcoin wurde kürzlich unterhalb des Ausschnitts abgelehnt und konsolidiert mit sehr wenig Schwung. Ein Pullback auf diesen gebrochenen Ausschnitt ist jedoch notwendig, um die Änderung des jüngsten Aufwärtstrends von Bitcoin zu bestätigen. Wenn es zu einem Pullback kommt, wird der Preis möglicherweise in eine …
After a declining reverse pattern with three drives had formed, the course recently fell under the neck line, which provides a significantly declining signal for the short -term prospects. From now on, BTC is offset by an important support region at $ 21,000. Technical analysis by Shayan The daily type As expected, the three-drive pattern led to a trend reversal and a decline in price. Bitcoin was recently rejected and consolidated with very little swing below the section. However, a sweater on this broken neckline is necessary to confirm the change in Bitcoin's recent upward trend. If there is a sweater, the price may be in a ... (Symbolbild/KNAT)

After a declining reverse pattern with three drives had formed, the course recently fell under the neck line, which provides a significantly declining signal for the short -term prospects. From now on, BTC is offset by an important support region at $ 21,000.

technical analysis

of Shayan

the daily -type

As expected, the three-drive pattern led to a trend reversal and a decline in price. Bitcoin was recently rejected and consolidated with very little swing.

A sweater on this broken neckline is necessary to confirm the change in Bitcoin's recent upward trend. If there is a sweater, the price may enter into a medium -term downward phase and return fear to the market.

The following BTC support levels are $ 21,000 and the sliding 200-day average is $ 19.7,000.

btc_price_chart_0803231 Tradingview

The 4-hour diagram

After the price of Bitcoin had formed a big swing at $ 25,000, he initiated a downward trend and formed an ascending wedge pattern. After an impulsive downward movement, the price reached the lower limit of the wedge at $ 22,000 and began to consolidate.

Bitcoin is currently facing a significant area of ​​support that consists of the lower limit of the wedge and the main support level of $ 21,000. At the moment the declining momentum has decreased.

As a result, the price may enter a short-term range phase, which demonstrates the struggle between buyers and sellers in this important price range.

In summary, it can be said that a outbreak from the wedge in both directions will determine the medium -term direction of the price.

btc_price_chart_0803232 Tradingview

on-chain analysis

miners are an important cohort among market participants, and their sales behavior strongly influences the market because they have a large number of coins. They also influence the market in relation to the mood of the dealers.

This diagram shows the miner reserve metric, which measures the number of coins that are held in the wallets of the miners. Despite many on-chain metrics that indicate interest bulls during the most recent phase of the market, the miner reserve metric has entered a declining trend and has reached new low-annual stalls.

This shows that Bitcoin's latest interest rate increase gave the miners a great chance of depositing their assets and checking their expenses. This sales behavior could lead to a medium -term Baisse in the market.

btc_miner_reserve_chart_0803231 Cryptoquant

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