These Are the Key Levels to Watch As BTC Broke Below $40K (Bitcoin Price Analysis) - BitcoinEthereumNews.com
BitcoinThese Are the Key Levels to Watch As BTC Broke Below $40K (Bitcoin Price Analysis)04 / 18 / 2022बिटकॉइन एथेरियम समाचार Bitcoins price has been rejected from the 200-day moving average and is currently experiencing a sharp downtrend. दैनिक समय सीमा तकनीकी विश्लेषण द्वारा: एड्रिस The 50-day and 100-day moving average lines printed a bullish crossover last week. However, instead of holding the price, BTC broke to the downside. These moving averages have also acted as resistance and pushed the price further down over the past week. BTC is currently heading towards the $ 36K support level, which has held the price multiple times. However, if the price breaks below it, followed by strong momentum and volume, the $ 30K demand zone would be a critical area that could act as a reversal point. On the other hand, if the $36K support level holds, the 50-day and 100-day moving averages would be significant obstacles in Bitcoins path to recovery. 4 घंटे की समय सीमा On the 4-hour time frame, the price has broken below the $42K support level and completed a pullback before continuing to the downside. The overlapping lower boundary of the bearish flag and the $36K level are currently the primary support levels. A breakdown below these levels