Coin Gabbar Token

<h2 id="header-0">Bitcoin has shown some strength during today&#39;s trading session after revisiting the bottom of a key trendline.</h2>The benchmark cryptocurrency has been trading in a narrow range between $18,500 and $19,500, but the monthly close may favour a spike in volatility as bulls and bears fight for this candle.<a href="https://www.coingabbar.com/en/crypto-currency/bitcoin-btc-prices-usd" rel="noopener noreferrer nofollow">Bitcoin</a> has experienced a lot of investors at $18,500 against the US dollar. BTC is regaining strength, and a sudden increase above the $20,000 barrier level is possible.Bitcoin&#39;s price has dropped from above the $20,000 pivot level. BTC fell below $19,000, however bulls were active at the $18,500 support zone.The price appears to be strongly supported at the $18,500 level, with multiple rejections visible in the same area. The price is now rising, and it has broken over the $19,000 barrier level. The bulls pushed the price above the 50% Fib retracement level of the decline from the swing high of $20,383 to the low of $18,487.Bitcoin is currently trading above $19,000, with the 100 hourly simple moving average hovering around $19240. On the hourly chart of the BTC/USD pair, a short-term channel is forming with support at $19,280.According to the 4-hour timeframe, the price is consolidating between $18K and $20K. The price was recently rejected to the downside by the $20K level, which appears to be targeting the $18K low again in the near future.The RSI, which indicated an overbought signal while the market was testing the $20K resistance level, is now showing neutral values, suggesting that the market is in momentum balance.According to <a href="https://www.coingabbar.com/en/price-analysis" rel="noopener noreferrer nofollow">Price Analysis</a>, The market capitalization of this BTC is estimated to be $370,741,977,056. The 24-hour trading volume for the coin is around $49,946,092,264. BTC market capitalization has risen by 3.03%. However, trade volume decreased by 9.28% during intraday trading. The market capitalization to volume ratio is 0.1344.On the upside, an immediate resistance level is at $19,600. The next significant resistance level is at $19,650. It is near to the 61.8% Fib retracement level of the decline from the swing high of $20,383 to the low of $18,487. A closing above $19,650 might start a new rising momentum. In the aforementioned scenario, the price may reach $20,000. Any further gains might boost the price into the $20,500 resistance zone.If bitcoin does not rise above the $19,650 resistance level, it may begin a new drop. On the downside, the channel trend line near the 100 hourly SMA and the $19,250 zone provide immediate support. The main support is close to $19,000. Any more losses might result in a drop near the $18,500 support level in the coming sessions. If the price remains below $18500, it may fall as low as $17500.KEY LEVELS :RESISTANCE LEVEL : $19000-$19500SUPPORT LEVEL : $18350-$17900In the previous two days, the price of BITCOIN has fluctuated near $2000. Will the new trend be determined after breaking through the wedge pattern? Please express your thoughts.

BITCOIN PRICE ANALYSIS CMP-$19400 The 100-day simple moving average may initiate a bearish breakout

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Ďalšie články zverejnené 29. 9. 2022

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