Will BTC finally break over $ 30,000 after massive volatility? (Bitcoin price analysis)

Von Krypto News Österreich

Bitcoin hat beim entscheidenden gleitenden 50-Tage-Durchschnitt, der bei 27.000 $ liegt, Unterstützung erhalten. Dies hat zu einer Rallye geführt, die darauf abzielt, die signifikante Widerstandsmarke von 30.000 $ zu durchbrechen. Trotz der insgesamt zinsbullischen Aussichten der Kryptowährung besteht in dieser Preisklasse Potenzial für eine Ablehnung. Technische Analyse Von Shayan Das Tageschart Nach einer kurzfristigen Korrektur fand Bitcoin Unterstützung beim gleitenden 50-Tage-Durchschnitt, der derzeit bei 27.300 $ liegt, was zu einem weiteren Aufwärtstrend führte. Dies brachte die bullische Stimmung zurück. Die jüngste Preisbewegung von Bitcoin deutet jedoch auf Anzeichen von Schwäche hin, da die positive Stimmung nicht ausreicht, um die nächste …
Bitcoin received support in the decisive sliding 50-day average, which is $ 27,000. This has led to a rally that aims to break the significant resistance brand of $ 30,000. Despite the overall interest bully prospects of the cryptocurrency, this price range has potential for rejection. Technical analysis of Shayan The daily type After a short-term correction, Bitcoin found support with the sliding 50-day average, which is currently $ 27,300, which led to another upward trend. This brought back the bullish mood. However, Bitcoin's latest price movement indicates signs of weakness, since the positive mood is not sufficient to ... (Symbolbild/KNAT)

Bitcoin received support in the decisive sliding 50-day average, which is $ 27,000. This has led to a rally that aims to break the significant resistance brand of $ 30,000. Despite the overall interest bully prospects of the cryptocurrency, this price range has potential for rejection.

technical analysis

of Shayan

the daily -type

After a short-term correction, Bitcoin found support with the sliding 50-day average, which is currently $ 27,300, which led to another upward trend. This brought back the bullish mood.

The latest price movement of Bitcoin, however, indicates signs of weakness, since the positive mood is not sufficient to break through the next important resistance region. If BTC succeeds in achieving this decisive price level, an extensive Household rally can probably be expected.

btc_price_chart_2904231 Tradingview

The 4-hour diagram

The price of Bitcoin has entered a critical range between the strong level of support of $ 25,000 and the significant resistance range of $ 30,000. Lately, the price within this range has experienced considerable volatility, which led to massive red and green candles.

Nevertheless, price consolidation in this decisive area is expected at short notice. An outbreak could possibly display the direction of the upcoming trend of Bitcoin.

btc_price_chart_2904232 Tradingview

on-chain analysis

The following diagram offers an excellent overview of Bitcoin's price cycles in addition to the MVRV metric, which is the ratio of Coin’s market capitalization to its realized upper limit. This metric is used to determine whether the price is overvalued.

Historically speaking, MVRV metric falls into the green area during declining market phases, which indicates that Bitcoin acts in the undervalued area and the low point of the cycle forms. However, as the diagram clearly shows, Bitcoin has experienced an increase every time the MVRV metric has risen over 1.

The youngest impulsive rally from Bitcoin has led to a strong increase in MVRV metric. Therefore, the market may have entered a medium -term upward phase, which could follow unexpected movements and high volatility.

btc_mvrv_chart_2904231 Cryptoquant

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