The last 48 hours have been a better-than-expected BTC performance for me from my previous analysis, as the benchmark shattered several price ceilings to break the $45K top in two days, considerably sooner than I anticipated.
However, the benchmark cryptocurrency has now fallen into correction mode as it drops near the $43K base. That said, I expect bulls to put up a good fight at the $43K support, given the combination of supporting factors around that level, including the daily 50 SMA, the $43K support line, and the prevailing market mood.
We should see a goodish bounce off the $43K support in the near term, followed by a retest of the $45K barrier. Successful clearance of that mark should help BTC snap the $46K pivot top over the coming days.
Meanwhile, my resistance levels are at $44,000, $45,000, and $46,000, and my key support levels are at $43,000, $42,000, and $41,000.
Total Market Capitalization: $1.98 trillion
Bitcoin Market Capitalization: $824.9 billion
Bitcoin Dominance: 41.7%
Market Rank: #1
However, the benchmark cryptocurrency has now fallen into correction mode as it drops near the $43K base. That said, I expect bulls to put up a good fight at the $43K support, given the combination of supporting factors around that level, including the daily 50 SMA, the $43K support line, and the prevailing market mood.
We should see a goodish bounce off the $43K support in the near term, followed by a retest of the $45K barrier. Successful clearance of that mark should help BTC snap the $46K pivot top over the coming days.
Meanwhile, my resistance levels are at $44,000, $45,000, and $46,000, and my key support levels are at $43,000, $42,000, and $41,000.
Total Market Capitalization: $1.98 trillion
Bitcoin Market Capitalization: $824.9 billion
Bitcoin Dominance: 41.7%
Market Rank: #1
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Thông báo miễn trừ trách nhiệm
Thông tin và các ấn phẩm này không nhằm mục đích, và không cấu thành, lời khuyên hoặc khuyến nghị về tài chính, đầu tư, giao dịch hay các loại khác do TradingView cung cấp hoặc xác nhận. Đọc thêm tại Điều khoản Sử dụng.