BTC Testing $20K But is Another Pullback Coming? - BitcoinEthereumNews.com
Bitcoinबीटीसी परीक्षण $ 20K लेकिन क्या एक और पुलबैक आ रहा है?07 / 05 / 2022बिटकॉइन एथेरियम समाचार After a slight recovery from the $18.7K mark over the last few days ago, Bitcoins price is now slowly drifting around the 2017 ATH level. The cryptocurrency market, however, has not demonstrated any evidence of strength or reversal patterns. तकनीकी विश्लेषण By शायन दैनिक चार्ट As seen in the following chart, the price has been forming lower lows and lower highs, which indicates strong bearish momentum. Accordingly, BTC hasnt yet been able to form a new higher high in the daily timeframe. Therefore, a bullish rally canot be anticipated until it develops a reversal pattern and records a new significant higher high above the $32K key level. On the other hand, a prolonged ranging phase or consolidation can ultimately result in another bearish move to the critical $16.6K level. स्रोत: TradingView4 घंटे का चार्ट Over the past few weeks, the $18K level has significantly supported the Bitcoin price. Additionally, the lower boundary of the shown triangle has also supported the price, pushing to break the chanels middle trendline. The price has been rejected after exceeding the mid-trendline of the chanel and failing to test the triangles upper trendline. However, the most