Bitcoin (BTC) price has recovered above the $20,724 support level after the recent slump. On July 27, the price of the largest cryptocurrency rose to a high of $23,440.
The bulls are retesting resistance at $23,377 before breaking above resistance at $24,000. Since July 19, the uptrend has been slowed down by the overriding resistance of $24,000.
Further upward price action is doubtful as the market has reached the overbought zone. In the last price action, BTC price was bounced at $24,276 as it fell back to the low of $20,724. If Bitcoin breaks above the overriding resistance today, it will be forced to move within a range for a few days. The cryptocurrency will fluctuate between $20,724 and $24,000. However, if the bears break below the $20,000 support, the downtrend will resume and Bitcoin will initially fall to the low of $18,905.
Очитавање Битцоин индикатора
Bitcoin price is at level 57 of the Relative Strength Index of period 14, which indicates that the cryptocurrency is in the bullish trend zone and could rise to the previous highs. The cryptocurrency is above the 70% area of the daily stochastic. This indicates that the market is in a bullish momentum. The 21-day line SMA and the 50-day line SMA are pointing south, indicating a downtrend.
Кључне зоне отпора: 30,000 УСД, 35,000, 40,000 УСД
Кључне зоне подршке: 25,000, 20,000, 15,000 долара
Који је следећи правац за БТЦ?
Bitcoin is in an uptrend and continues to test the overriding resistance of $24,000. The largest cryptocurrency will resume its upward momentum if buyers keep the price above $24,000 and the bullish momentum is maintained. The cryptocurrency will be bound to a trading range if it fails to overcome the overriding resistance.
Изјава о одрицању одговорности. Ова анализа и прогноза су лична мишљења аутора и нису препорука за куповину или продају крипто валуте и не треба је сматрати одобрењем компаније ЦоинИдол. Читаоци би требали сами да истражују пре улагања средстава.
Source: https://coinidol.com/bitcoin-rebounds-24000-resistance/