BCHUSD Technical Analysis: Weekly Chart In the weekly charts, BCHUSD is trading within a descending triangle. It is trading below all SMAs: MA (20), MA (50), and MA (100). RSI is in selling zone which indicates bearishness. MACD is currently trading below zero which indicates bearishness. The immediate support...
The price of Bitcoin is up 0.11% at $38,551.41 on mid-Tuesday trades. Bitcoin price opened the month with a bullish candle gaining 2.20% on May 1, 2022, as it ended the previous month at $37,664.10. It opened this week with a bullish Doji candle, indicating indecisiveness among market participants,...
BCHUSD Technical Analysis: Weekly Chart In the weekly charts, BCHUSD is trading in a downward channel. It is trading below all SMAs: MA (20), MA (50), and MA (100). RSI is in selling zone which indicates bearishness. MACD is currently below zero which indicates bearishness. The immediate support is...
Bitcoin price is up 0.16% at $40,495.06 on mid-Tuesday trades. It finished, on Monday, above the $40,000 – level after prices went below this level the previous week. Bitcoin’s 20-week moving averages and 50-week moving averages (WMAs) have both started to slope downwards. While this might seem like a...
BCHUSD Technical Analysis: Weekly Chart In the weekly charts, BCHUSD is trading in a downward channel. It is trading below all SMAs: MA (5), MA (20), and MA (50). The immediate support is at 252.190 and the resistance level is at 407.320 BCHUSD is trading in a downward channel...
Bitcoin price is up 2.08% at $40,360.12 in the early Monday session. The price of Bitcoin collapsed on Monday, plummeting 6.24%, closing below the $40,000-mark at $39,535.87. In almost two months, this decline is the most, following global stock indices. BTC plummeted under the 50-day moving average dashing hopes...
Bitcoin prices are up 0.14% at $46662.51 on early Tuesday trades. In Q1, Bitcoin prices witnessed a bearish trend, closing near its opening for the quarter, declining around 5%. Many analysts believe that Bitcoin is poised to break out and soar after a bout of profit-taking. The second quarter,...
BITCOIN Price Technical Analysis: Weekly Chart In the weekly charts, Bitcoin is trading in a downward channel. Bitcoin is near its crucial support of 20-days SMA. If it breaks this support, it will possibly test the 50-days SMA level. Bitcoin will follow a downtrend in the coming weeks. Bitcoin’s...
BITCOIN Price Technical Analysis: Weekly Chart In the weekly charts, Bitcoin is trading in a downward channel. Bitcoin is near its crucial support of 20-days SMA. If it breaks this support, it will possibly test the 50-days SMA level. Bitcoin will follow a downtrend in the coming weeks. Bitcoin...
Bitcoin Price Technical Analysis: Weekly Chart In the weekly charts, Bitcoin is trading in a downward channel. Bitcoin is near its crucial support of 20-days SMA. If it breaks this support, it will possibly test the 50-days SMA level. Bitcoin will follow a downtrend in the coming weeks. Bitcoin’s crucial...