TA: Bitcoin Price Breakout Suggests A Short-term Trend Change
04 Mayo 2022 - 10:08PM
NEWSBTC
Bitcoin gained pace above the $39,000 resistance against the US
Dollar. BTC even tested $40,000 and might continue to rise in the
near term. Bitcoin started a decent increase above the $38,800 and
$39,000 resistance levels. The price is now trading above $39,000
and the 100 hourly simple moving average. There was a break above a
major bearish trend line with resistance near $38,475 on the hourly
chart of the BTC/USD pair (data feed from Kraken). The pair might
attempt more upsides above the $40,000 and $40,300 levels. Bitcoin
Price Breaks Higher Bitcoin price formed a strong base above the
$37,500 level. BTC started a steady increase and was able to clear
the $38,500 resistance zone. There was a break above a major
bearish trend line with resistance near $38,475 on the hourly chart
of the BTC/USD pair. The pair settled above the $39,000 and the 100
hourly simple moving average. Finally, there was a spike above the
$40,000 resistance zone. A high is formed near $40,029 and the
price is now consolidating gains. It is trading well above the
23.6% Fib retracement level of the recent wave from the $37,507
swing low to $40,029 high. Source: BTCUSD on TradingView.com On the
upside, bitcoin price is now facing resistance near the $40,000
level. The next key resistance could be near the $40,300 zone. A
close above the $40,300 resistance could lift the market sentiment.
In the stated case, the price could rise steadily towards the
$41,000 level. The next major resistance is near $41,500. Dips
Supported in BTC? If bitcoin fails to clear the $40,000 resistance
zone, it could start a downside correction. An immediate support on
the downside is near the $39,500 level. The next major support is
seen near the $39,000 level (the recent breakout zone). Any more
losses might call for a test of the 50% Fib retracement level of
the recent wave from the $37,507 swing low to $40,029 high. A
downside break below the $38,750 support might put pressure on the
bulls in the short-term. The next major support is $38,500 and the
100 hourly simple moving average. Technical indicators: Hourly MACD
– The MACD is slowly losing pace in the bullish zone. Hourly RSI
(Relative Strength Index) – The RSI for BTC/USD is now well above
the 60 level. Major Support Levels – $39,500, followed by $39,000.
Major Resistance Levels – $40,000, $40,300 and $41,000.
TRON (COIN:TRXUSD)
Gráfica de Acción Histórica
De Mar 2024 a Abr 2024
TRON (COIN:TRXUSD)
Gráfica de Acción Histórica
De Abr 2023 a Abr 2024