NewsBTC
2022-10-12 01:00:23

Bitcoin Plays Ping Pong As Price Continues In A Range, Where Is Price Headed?

BTC prices continue to trend downwards as prices remain bearish, with price trading on critical support. BTC trades below 50 and 200-day Exponential Moving Average as price struggles to regain bullish signs. The price of BTC needs to break and hold above the key resistance of $20,500 to initiate recovery signs for the price. The price of Bitcoin (BTC) continues to struggle to discover its bullish trend as the price fails to break the key resistance of $20,500 against tether (USDT). Bitcoin (BTC) and other crypto assets enjoyed a relief bounce in previous weeks that saw the crypto market cap looking good for cryptocurrencies across the industry, with many producing double-digit gains. (Data from Binance) Related Reading: ApeCoin Crashes 7% Following SEC Probe Against Yuga Labs Bitcoin (BTC) Price Analysis On The Weekly Chart. Despite many traders and investors speculating on Uptober as BTC has previously shown bullish signs in October, in this case, there seems to be a slight difference as the price of BTC keeps maintaining a downtrend structure. After the price of BTC rallied from a weekly low of $18,800, the price went to a high of $25,000, as many expected the price to form a base or support before continuation to a high of $30,000, but this was never the case. The price of BTC was rejected at $25,000, and the price has since struggled to regain its bullish strength as many traders are anticipating a drop to the region of $1...

获取加密通讯
阅读免责声明 : 此处提供的所有内容我们的网站,超链接网站,相关应用程序,论坛,博客,社交媒体帐户和其他平台(“网站”)仅供您提供一般信息,从第三方采购。 我们不对与我们的内容有任何形式的保证,包括但不限于准确性和更新性。 我们提供的内容中没有任何内容构成财务建议,法律建议或任何其他形式的建议,以满足您对任何目的的特定依赖。 任何使用或依赖我们的内容完全由您自行承担风险和自由裁量权。 在依赖它们之前,您应该进行自己的研究,审查,分析和验证我们的内容。 交易是一项高风险的活动,可能导致重大损失,因此请在做出任何决定之前咨询您的财务顾问。 我们网站上的任何内容均不构成招揽或要约