Bitcoin Touched $50K Again, Can It Keep Going?
Bitcoin price extended its increase, starting from $49,000. But it has also touched $48,330 during the early morning. Later, it even surpassed the $50,000 resistance level. Bitcoin is now trading above $50,100 and the 100 hourly simple moving average.
The next key support shall be near $48,250 and then $48,000. If there is a downside break below the $49,000 support level and the 100 hourly SMA, the price might start a fresh decline. However, if bitcoin can stay above $49,000 and the 100 hourly SMA, it could keep an increase.
By now, the first major resistance is near the $50,500 level. A close above the $50,200 level could push the price towards $50,500.
Technical indicators:
Hourly MACD – The MACD is gaining pace in the bullish zone.
Hourly RSI – The RSI is well above the 40-level.
Major Support Levels – $49,000, followed by $48,500.
Major Resistance Levels – $50,000 and $50,400.
The next key support shall be near $48,250 and then $48,000. If there is a downside break below the $49,000 support level and the 100 hourly SMA, the price might start a fresh decline. However, if bitcoin can stay above $49,000 and the 100 hourly SMA, it could keep an increase.
By now, the first major resistance is near the $50,500 level. A close above the $50,200 level could push the price towards $50,500.
Technical indicators:
Hourly MACD – The MACD is gaining pace in the bullish zone.
Hourly RSI – The RSI is well above the 40-level.
Major Support Levels – $49,000, followed by $48,500.
Major Resistance Levels – $50,000 and $50,400.
Thông báo miễn trừ trách nhiệm
Thông tin và ấn phẩm không có nghĩa là và không cấu thành, tài chính, đầu tư, kinh doanh, hoặc các loại lời khuyên hoặc khuyến nghị khác được cung cấp hoặc xác nhận bởi TradingView. Đọc thêm trong Điều khoản sử dụng.