As of Sunday, Bitcoin (BTC/USD) appears confined within a slim trading bracket, with resistance and support set at around $30,000 and $29,000, respectively.
Key technical indices like the Relative Strength Index (RSI) and Moving Average Convergence Divergence (MACD) suggest a bearish outlook for Bitcoin at this stage.
A glance at the Tradingview Bitcoin price graph reveals a sustained downward trend, with the digital currency reaching a level of $29,100.
This bearish momentum might persist, potentially propelling Bitcoin's price even lower, perhaps toward the $28,700 level.
It's plausible that Bitcoin could find some support at the $28,700 level amidst this continued downward movement.
Should Bitcoin break through this support level, the next probable target for its price could be the $28,200 level.
Key technical indices like the Relative Strength Index (RSI) and Moving Average Convergence Divergence (MACD) suggest a bearish outlook for Bitcoin at this stage.
A glance at the Tradingview Bitcoin price graph reveals a sustained downward trend, with the digital currency reaching a level of $29,100.
This bearish momentum might persist, potentially propelling Bitcoin's price even lower, perhaps toward the $28,700 level.
It's plausible that Bitcoin could find some support at the $28,700 level amidst this continued downward movement.
Should Bitcoin break through this support level, the next probable target for its price could be the $28,200 level.
Penerbitan berkaitan
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.
Penerbitan berkaitan
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.