Connect with us

Blockchain

BTC/USD is facing a fresh support below $17,500

Published

on

join us cable A channel to stay up to date on breaking news coverage

The bitcoin price forecast shows bitcoin sliding to the downside as the cryptocurrency touched a low of $17,376.

Bitcoin forecast stats data:

  • Bitcoin price now – $17,410
  • Bitcoin market cap – $335 billion
  • Circulating Bitcoin Supply – 19.2 Million
  • Total bitcoin supply – 19.2 million
  • Bitcoin Coinmarketcap Ranking – No. 1

BTC/USD Long-Term Trend: Range (Daily Chart)

Key levels:

Resistance levels: $22,000, $24,000, $26,000

Support levels: $14,000, $12,000, $10,000

Bitcoin / US Dollar It declines with another 2.09% loss today as the cryptocurrency drops below the opening price of $17,805 to reach a daily low of $17,433. However, the daily chart shows that $17,500 is a very important area as it is expected to provide strong support for the currency.

Bitcoin Price Prediction: Bitcoin price could cross below $17K

the Bitcoin price It is likely to cross below the 9-day and 21-day moving averages at the support provided by the trend line. A breakdown below the moving averages could lead bitcoin price to create a new bottom below the $17,000 level. However, the King coin is currently in the lurch as the next few days dictate which direction it will head. A decline towards the lower boundary of the channel could be detrimental to bitcoin as it could lead the coin towards the support at $14,000, $12,000 and $10,000.

Moreover, if the buyers can rebound from the current support at $17,433, the first resistance level at $18,000 could be located. Above there, more resistance is expected at $20,000. This could likely follow the potential resistance at the $22,000, $24,000, and $26,000 levels. Therefore, if the coin can breach these levels, the market may be about to turn bullish in the long term. For now, the RSI (14) is likely to cross below the 50 level, which indicates that more bearish signs may emerge.

BTC/USD mid-term trend: Bullish (4-hour chart)

According to the 4-hour chart, bitcoin price is seen hovering at $17,410 as the coin crosses below its 9-day and 21-day moving averages. However, if the bulls decide to push the market price above the upper boundary of the channel, the coin is likely to reach the resistance at $18,500 and above.

BTCUSD – 4 hour chart

However, it now appears that the cryptocurrency is at risk of seeing further declines as multiple attempts to break down its $17,000 support seem to indicate that the bears are gaining momentum. As the RSI (14) is crossing the 50 level, the coin could locate the critical support at $16,500 or below.

Dash 2 Trading It gives you the ability to improve your trading and scalping profits with effective crypto trading recommendations, automated trading, and analytics features. There is a D2T token pre-sale going on and time is running out. The launch of the pre-sale dashboard is coming soon as the product developer is ahead of schedule. To date, the prequel has raised nearly $10 million.

Related

Dash 2 trading – high probability pre-sale

Dash 2 Trading
  • Active pre-sale is live now – dash2trade.com
  • Featured in Cointelegraph – $10 Million Raised
  • Know Your Customer verified and reviewed
  • The original code for the crypto signals ecosystem

Dash 2 Trading


join us cable A channel to stay up to date on breaking news coverage

Source link

Continue Reading
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Blockchain

BNT/USD is trading near the $0.50 resistance

Published

on

By

join us cable A channel to stay up to date on breaking news coverage

The Bancor price prediction shows that BNT is crossing the 9-day and 21-day moving averages while the coin is taking off to the upside.

Bancor Prediction Statistics Data:

  • Bancor price now – $0.34
  • Bancor’s market capitalization is $55.8 million
  • The circulating supply of Bancor – 162.5 million
  • The total supply of Bancor – 162.5 million
  • Bancor Coinmarketcap Ranking – #287

BNT/USD market

Key levels:

Resistance levels: $300, $310, $320

Support levels: $130, $120, $110

BNTUSD – daily chart

BNT / USD It is currently trading at $0.345 after touching a daily high of $0.490, and is likely to return above the 9-day and 21-day moving averages. However, in case the buyers can push the price above the $0.50 resistance level, then the daily candlestick may close above this level, and the price may rise towards the upper boundary of the channel.

Bancor Price Prediction: Bancor is preparing for an upward movement

According to the daily chart, the Bancor price It is moving near the $0.40 resistance level as the coin is preparing for additional gains. The technical indicator’s RSI (14) is also moving to cross above the 50 level, where the signal line is pointing up to signal a buy signal.

However, if buyers are able to push the price and hold it above the 9-day and 21-day moving averages, Bancor price could rise towards the upper boundary of the channel to reach the potential resistance levels at $0.50, $0.55, and $0.60. While crossing below the lower border of the channel, it could lift the currency to the support levels at $0.25, $0.20, and $0.15, respectively.

Against Bitcoin, Bancor is following a bullish rally, and it could swing higher to cross above the upper boundary of the channel that could identify the resistance at 2400 SAT and above. On the other hand, if the market price crosses the lower boundary of the channel, it may reach the support level of 1800 SAT and below.

BNTBTC – Daily Chart

However, the technical indicator’s RSI (14) is currently moving to cross above the 50 level as the signal line is pointing north to confirm the upward move. Moreover, any further upward movement may create additional gains above the channel.

But, Dash 2 Trading It gives you the ability to improve your trading and scalping profits with effective crypto trading recommendations, automated trading, and analytics features. There is a D2T token pre-sale going on and time is running out. The launch of the pre-sale dashboard is coming soon as the product developer is ahead of schedule. To date, the prequel has raised nearly $12 million.

Related

Dash 2 Tadawul – High Potential Pre-Selling

Dash 2 Trading
  • Active pre-sale is live now – dash2trade.com
  • Featured in Cointelegraph – $10 Million Raised
  • Know Your Customer verified and reviewed
  • The original code for the crypto signals ecosystem

Dash 2 Trading


join us cable A channel to stay up to date on breaking news coverage

Source link

Continue Reading

Blockchain

DYDX/USD could rise above $1.20

Published

on

By

join us cable A channel to stay up to date on breaking news coverage

Since the coin starts the upward movement towards the upside, the dYdX price forecast is likely to move steadily inside the channel.

dYdX prediction stats data:

  • DYDX price now – $1.10
  • DYDX market capitalization – $72.7 million
  • Circulating supply of DYDX – 65.5 million
  • Total supply of DYDX – 1 billion
  • DYDX Coinmarketcap Rank – #198

DYDX/USD Market

Key levels:

Resistance levels: $2.00, $2.20, $2.40

Support levels: $0.50, $0.30, $0.10

DYDXUSD – daily chart

DYDX/USD is likely to cross above the 9-day and 21-day moving averages as the currency begins its upward movement. in the past few days, dYdX price Struggles to cross over to the positive side. According to the daily chart, the RSI (14) technical indicator moved to cross above the 40 level, confirming the bullish movement of the currency.

dYdX Price Prediction: DYDX is ready for an uptrend

the dYdX price It is currently moving north. If the currency continues its upward movement, the bulls may cross above the 9-day and 21-day moving averages, which could reach the resistance levels at $2.00, $2.20, and $2.40. At the time of writing, DYDX/USD is showing a slight bullish movement on the daily chart.

Conversely, if the coin slips below the lower boundary of the channel, it may bring the coin back to the $0.50, $0.30, and $0.10 support levels, respectively. Meanwhile, long-term buyers should not be alarmed by the small impact down the road, as the future of DYDX is assured as evidenced by the technical indicator’s RSI (14).

Against Bitcoin, dYdX price is hovering below its 9-day and 21-day moving averages as the coin is poised for an upward move. The technical indicator’s RSI (14) also confirms the upward movement as the signal line encounters the 40 level. On the contrary, a potential downside move could emerge if the market price crosses below the lower boundary of the channel, which could reach the support level 200 SAT and below.

DYDXBTC – Daily Chart

Meanwhile, any further bullish move above the moving averages could push the coin to the 1200 SAT resistance level and above, and this could take the coin to a new high, and the market could remain in the bullish zone.

But, Dash 2 Trading It gives you the ability to improve your trading and scalping profits with effective crypto trading recommendations, automated trading, and analytics features. There is a D2T token pre-sale going on and time is running out. The launch of the pre-sale dashboard is coming soon as the product developer is ahead of schedule. To date, the prequel has raised nearly $12 million.

Related

Dash 2 Tadawul – High Potential Pre-Selling

Dash 2 Trading
  • Active pre-sale is live now – dash2trade.com
  • Featured in Cointelegraph – $10 Million Raised
  • Know Your Customer verified and reviewed
  • The original code for the crypto signals ecosystem

Dash 2 Trading


join us cable A channel to stay up to date on breaking news coverage

Source link

Continue Reading

Blockchain

SBF to Enter Plea Deal, Mango Exploiter Arrested, Celsius News: Hodler’s Digest, Dec. 25-31

Published

on

By

Continue Reading

Trending