Given that the price of Bitcoin 
BTCUSD is falling below the 8-EMA, 21-EMA, and 200-EMA, technical analysis employing the H4 period suggests that the cryptocurrency is in a downward trend.
The current price of Bitcoin is between $107,551 and $122,007, which is both a traditional support and a demand area. Many traders who established long positions were liquidated in the $108,261 range, according to Coinglass's liquidity data. Consequently, the $107,551–$108,261 range is regarded as a long-term area to monitor.
If the price stays steady above the $107,551–$108,261 area, with a price increase towards the $116,108 region, Bitcoin could continue its upward trajectory.
The price of Bitcoin will continue to drop, testing the $102,000 mark, if it breaks out below $107,551.
BTCUSD is falling below the 8-EMA, 21-EMA, and 200-EMA, technical analysis employing the H4 period suggests that the cryptocurrency is in a downward trend.The current price of Bitcoin is between $107,551 and $122,007, which is both a traditional support and a demand area. Many traders who established long positions were liquidated in the $108,261 range, according to Coinglass's liquidity data. Consequently, the $107,551–$108,261 range is regarded as a long-term area to monitor.
If the price stays steady above the $107,551–$108,261 area, with a price increase towards the $116,108 region, Bitcoin could continue its upward trajectory.
The price of Bitcoin will continue to drop, testing the $102,000 mark, if it breaks out below $107,551.
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, alım satım veya diğer türden tavsiye veya öneriler anlamına gelmez ve teşkil etmez. Kullanım Koşulları bölümünde daha fazlasını okuyun.
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, alım satım veya diğer türden tavsiye veya öneriler anlamına gelmez ve teşkil etmez. Kullanım Koşulları bölümünde daha fazlasını okuyun.