Bitcoin targeting $50K levels
Bitcoin price pulled back a bit during the Thursday session, which is not a huge surprise, because the market went higher for several days in a row, then stopped for a bit. But after we've pulled back towards the $44,000 level, it makes sense for us to have some negativity, or at least a bit of profit taking. Now that we're starting to see that, the market is likely to go lower to get massive support.
Support: 45437 – 43141 – 42274
Resistance: 48863-50000-52000
Direction: upward
If the bitcoin price breaks through the $46,701 levels, it may target the $50,000 levels.
The $50,000 level is undoubtedly a huge number, and an area that has provided a lot of support in the past, so it should offer resistance. I think it may take a while to get there, but it certainly seems to be the goal.
Bitcoin price today is trading near its highest price today at $46,463 levels, while its lowest price is at $43832 levels.
Support: 45437 – 43141 – 42274
Resistance: 48863-50000-52000
Direction: upward
If the bitcoin price breaks through the $46,701 levels, it may target the $50,000 levels.
The $50,000 level is undoubtedly a huge number, and an area that has provided a lot of support in the past, so it should offer resistance. I think it may take a while to get there, but it certainly seems to be the goal.
Bitcoin price today is trading near its highest price today at $46,463 levels, while its lowest price is at $43832 levels.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.