Bitcoin Price Dips, Why BTC Could Dive Below $60K
01 Novembro 2021 - 12:08AM
NEWSBTC
Bitcoin price failed to stay above the $62,000 support against the
US Dollar. BTC could decline heavily if it breaks the $60,000
support zone in the near term. Bitcoin failed to surpass $62,500
and started a fresh decline. The price is now trading below $62,000
and the 100 hourly simple moving average. There was a break below a
key bullish trend line with support near $61,500 on the hourly
chart of the BTC/USD pair (data feed from Kraken). The pair could
accelerate lower if there is a clear break below $60,000. Bitcoin
Price Faces Resistance Bitcoin price attempted an upside break
above the $62,500 resistance level. However, BTC failed to gain
strength above $62,500. A high was formed near $62,950 and started
a fresh decline. There was a clear break below the $61,200 and
$61,000 support levels. There was also a break below a key bullish
trend line with support near $61,500 on the hourly chart of the
BTC/USD pair. It is now trading below $62,000 and the 100 hourly
simple moving average. The pair even spiked below the 50% Fib
retracement level of the upward move from the $58,140 swing low to
$62,950 high. On the upside, an immediate resistance is near the
$61,000 level. Source: BTCUSD on TradingView.com The first major
resistance is near the $61,200 level and the 100 hourly SMA. A
clear break above $61,200 resistance may possibly call open the
doors for a move towards the $62,000 level. The next major
resistance sits near the $62,500 level. A close above $62,500 might
start a steady increase. More Losses In BTC? If bitcoin fails to
clear the $62,000 resistance zone, it could extend its decline. An
immediate support on the downside is near the $60,200 level. The
first major support is now forming near the $60,000 level. It is
near the 61.8% Fib retracement level of the upward move from the
$58,140 swing low to $62,950 high. A break below the $60,000
support may possibly spark a sharp decline. The next key support is
near the $58,500 level. Any more losses might call for a move
towards the $55,000 level. Technical indicators: Hourly MACD – The
MACD is slowly gaining pace in the bearish zone. Hourly RSI
(Relative Strength Index) – The RSI for BTC/USD is now below the 50
level. Major Support Levels – $60,200, followed by $60,000. Major
Resistance Levels – $61,200, $62,000 and $62,500.
Bitcoin (COIN:BTCUSD)
Gráfico Histórico do Ativo
De Jun 2024 até Jul 2024
Bitcoin (COIN:BTCUSD)
Gráfico Histórico do Ativo
De Jul 2023 até Jul 2024