Bitcoin

Daily

<table style="width: 100%; border-collapse:">
 <tbody>
  <tr>
   <td style="width: 100%; text-align: left;"><a href="https://en.coinotag.com/altcoin-exchange-1333421/" target="_blank" rel="noopener noreferrer nofollow"><strong><span style="color: #000000;">Before you reading, did you missed the PEPE?<span style="color: #e67e22;"> No worries, click here to 100x potential memes!</span></span></strong></a></td>
  </tr>
 </tbody>
</table>
<ul>
 <li>With the decline experienced on Sunday, the week begins with a red candle for Bitcoin, as the BTC price struggles to absorb the overhead supply wave.</li>
 <li>Nevertheless, any positive news could amplify the bullish trend momentum and lead to a sharp price spike.</li>
 <li>Alongside the bull flag movement, overall market sentiment anticipates another bullish rally in the BTC price.</li>
</ul>
<p><strong>Bitcoin’s price managed to surpass $38,000 but later faced selling pressure: Will the price continue the downward trend? Current indicators!</strong></p>
<h2 id="strong-analysis-of-bitcoin-daily-price-chart-strong"><strong>Analysis of Bitcoin Daily Price Chart</strong></h2>
<p><img loading="lazy" decoding="async" class="alignnone size-full wp-image-126546" src="https://i0.wp.com/en.coinotag.com/wp-content/uploads/2023/09/Bitcoin-BTC-48.webp?resize=696%2C392&amp;quality=70&amp;ssl=1" alt="bitcoin-btc" width="696" height="392" srcset="https://i0.wp.com/en.coinotag.com/wp-content/uploads/2023/09/Bitcoin-BTC-48.webp?w=1280&amp;quality=70&amp;ssl=1 1280w, https://i0.wp.com/en.coinotag.com/wp-content/uploads/2023/09/Bitcoin-BTC-48.webp?resize=300%2C169&amp;quality=70&amp;ssl=1 300w, https://i0.wp.com/en.coinotag.com/wp-content/uploads/2023/09/Bitcoin-BTC-48.webp?resize=1024%2C576&amp;quality=70&amp;ssl=1 1024w, https://i0.wp.com/en.coinotag.com/wp-content/uploads/2023/09/Bitcoin-BTC-48.webp?resize=768%2C432&amp;quality=70&amp;ssl=1 768w, https://i0.wp.com/en.coinotag.com/wp-content/uploads/2023/09/Bitcoin-BTC-48.webp?resize=150%2C84&amp;quality=70&amp;ssl=1 150w, https://i0.wp.com/en.coinotag.com/wp-content/uploads/2023/09/Bitcoin-BTC-48.webp?resize=696%2C392&amp;quality=70&amp;ssl=1 696w, https://i0.wp.com/en.coinotag.com/wp-content/uploads/2023/09/Bitcoin-BTC-48.webp?resize=1068%2C601&amp;quality=70&amp;ssl=1 1068w" sizes="(max-width: 696px) 100vw, 696px" data-recalc-dims="1"></p>
<p>With the decline experienced on Sunday, the week begins with a red candle for Bitcoin, as the BTC price struggles to absorb the overhead supply wave. Sellers, facing another rejection at the $38,000 barrier, remain strong, pushing Bitcoin down by 0.92% on Sunday.</p>
<p>As the bearish momentum persists, as of the time of writing, the BTC price is recording a 0.29% decrease but forming a long wick candle. Overall, the weekend signals a bull failure and indicates another bear cycle within the flag pattern.</p>
<figure id="attachment_131693" aria-describedby="caption-attachment-131693" style="width: 100%" class="wp-caption alignnone"><a href="https://i0.wp.com/en.coinotag.com/wp-content/uploads/2023/11/BTC-USD-1D.webp?quality=70&amp;ssl=1" rel="noopener noreferrer nofollow"><img loading="lazy" decoding="async" class=" td-modal-image wp-image-131693 size-full" src="https://i0.wp.com/en.coinotag.com/wp-content/uploads/2023/11/BTC-USD-1D.webp?resize=696%2C263&amp;quality=70&amp;ssl=1" alt="BTC-USD-1D" width="696" height="263" srcset="https://i0.wp.com/en.coinotag.com/wp-content/uploads/2023/11/BTC-USD-1D.webp?w=1352&amp;quality=70&amp;ssl=1 1352w, https://i0.wp.com/en.coinotag.com/wp-content/uploads/2023/11/BTC-USD-1D.webp?resize=300%2C113&amp;quality=70&amp;ssl=1 300w, https://i0.wp.com/en.coinotag.com/wp-content/uploads/2023/11/BTC-USD-1D.webp?resize=1024%2C387&amp;quality=70&amp;ssl=1 1024w, https://i0.wp.com/en.coinotag.com/wp-content/uploads/2023/11/BTC-USD-1D.webp?resize=768%2C290&amp;quality=70&amp;ssl=1 768w, https://i0.wp.com/en.coinotag.com/wp-content/uploads/2023/11/BTC-USD-1D.webp?resize=150%2C57&amp;quality=70&amp;ssl=1 150w, https://i0.wp.com/en.coinotag.com/wp-content/uploads/2023/11/BTC-USD-1D.webp?resize=696%2C263&amp;quality=70&amp;ssl=1 696w, https://i0.wp.com/en.coinotag.com/wp-content/uploads/2023/11/BTC-USD-1D.webp?resize=1068%2C404&amp;quality=70&amp;ssl=1 1068w" sizes="(max-width: 696px) 100vw, 696px" data-recalc-dims="1"></a>
 <figcaption id="caption-attachment-131693" class="wp-caption-text">
  BTC/USD Daily Chart
 </figcaption>
</figure>
<p>With good news, however, buyers managed to sustain the recovery rally, forming the sixth consecutive green candle on the weekly chart. Marking a growth of 37.92%, the BTC price is striving to catch up with the November rally. The bull recovery aligns with positive sentiments in Bitcoin price predictions, signaling further signs of recovery.</p>
<p>Currently, the BTC price is trading at $37,356, showing a 0.29% intraday pullback. Nevertheless, any positive news could amplify the bullish trend momentum and lead to a sharp price spike.</p>
<p><strong>Technical Indicators:</strong></p>
<ul>
 <li>EMA: A positive trend in the 50D EMA and 200D EMA indicates significant growth. Furthermore, the bullish gap between the two average lines after the golden cross suggests a strong upward trend.</li>
 <li>MACD Indicator: With a minimal bear gap between the MACD and signal lines, the downtrend movement may soon come to an end with a crossover.</li>
</ul>
<h2 id="strong-will-btc-price-enter-a-new-uptrend-rally-strong"><strong>Will BTC Price Enter a New Uptrend Rally?</strong></h2>
<p>Alongside the bull flag movement, overall market sentiment anticipates another bullish rally in the BTC price. Therefore, there is a possibility of an early reversal above the ongoing pullback stage. Additionally, the weekly trend, reflecting a strong bullish wave in motion, increases the likelihood of a rally.</p>
<p>Hence, with positive sentiments surrounding the largest cryptocurrency, the BTC price could rise by up to 12% and reach $42,000. On the other hand, the ongoing pullback may test the lower support trend line around $36,000.</p>
<p>The post <a rel="noopener noreferrer nofollow" href="https://en.coinotag.com/will-the-decline-in-bitcoin-soon-come-to-an-end-potential-scenarios-and-technical-indicators/">Will the Decline in Bitcoin Soon Come to an End? Potential Scenarios and Technical Indicators!</a> appeared first on <a rel="noopener noreferrer nofollow" href="https://en.coinotag.com">COINOTAG NEWS</a>.</p>
<table style="width: 100%; border-collapse:">
 <tbody>
  <tr>
   <td style="width: 100%; text-align: left;"><a href="https://en.coinotag.com/altcoin-exchange-1333421/" target="_blank" rel="noopener noreferrer nofollow"><strong><span style="color: #000000;">Did you missed the PEPE?<span style="color: #e67e22;"> No worries, click here to 100x potential memes!</span></span></strong></a></td>
  </tr>
 </tbody>
</table>

Will the Decline in Bitcoin Soon Come to an End? Potential Scenarios and Technical Indicators!

목차

CO NEWS

2023년 11월 27일에 게재된 다른 기사

Unveiling Aconomy Open Testnet: Redefining Real-World Asset Tokenization and On-chain Ownership

Solana Network’s JITO Airdrop Sparks Excitement Among Users

Shiba Inu Team Member Lists Reasons To Have Faith Despite Price Decline

Ripple IPO faces delay due to fintech market challenges

Ethereum Price Prediction As Elliott Wave Theory Hints Rally to $3400

Cosmos in Flux: A Fork in the Road for ATOM Tokenomics

무료 뉴스레터에 가입하여 매일 최신 암호화폐 소식을 받아보세요!