empty
 
 
22.09.2023 08:24 PM
Bitcoin bearish formation

Bitcoin is located at 26,600 at the time of writing. As you already know, BTC/USD turned to the downside after the FOMC as the USD dominated the currency market. The crypto increased by 1.35% from yesterday's low of 26,376 to 26,733 today's high.

BTC/USD is up by 0.02% in the last 24 hours and by 0.81% in the last 7 days. Bitcoin's deeper drop should force the altcoins to reach new lows as well.

BTC/USD rebound seems over

This image is no longer relevant

BTC/USD found resistance at the upper median line (uml) and now it has turned to the downside. The false breakouts above the R1 (27,302) announced exhausted buyers.

Now, it has dropped below the median line (ml) signaling more declines. It has tried to retest the broken median line (ml) but failed, signaling strong downside pressure. As you can see on the H1 chart, the rate developed a minor Rising Wedge pattern right below the median line (ml).

BTC/USD outlook

Dropping below 26,557 may announce a downwards movement. This could be seen as a short signal.

Jana pendapatan melalui perubahan kadar mata wang kripto dengan InstaForex.
Muat turun MetaTrader 4 dan buka dagangan pertama anda.
  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    SERTAI PERADUAN
  • Chancy Deposit
    Deposit akaun anda sebanyak $3,000 dan dapatkan $1000 lebih lagi!
    Dalam Oktober kami membuat cabutan bertuah $1000 dalam Kempen Chancy Deposit!
    Dapatkan peluang untuk menang dengan membuat deposit $ 3000 ke dalam akaun dagangan. Setelah memenuhi syarat ini, anda menjadi peserta kempen.
    SERTAI PERADUAN
  • Trade Wise, Win Device
    Daftar untuk peraduan dan tambah dana akaun anda dengan sekurang-kurangnya AS$ 500 untuk layak memenangi peranti mudah alih.
    SERTAI PERADUAN
  • Bonus 100%
    Peluang istimewa anda untuk menerima bonus 100% pada deposit anda
    DAPATKAN BONUS
  • Bonus 55%
    Dapatkan bonus 55% pada setiap deposit anda
    DAPATKAN BONUS
  • Bonus 30%
    Dapatkan bonus 30% setiap kali anda membuat penambahan dana akaun anda
    DAPATKAN BONUS

Artikel yang dicadangkan

Tidak boleh bertanya sekarang?
Tanya soalan anda di Ruangan bersembang.
Panggilan semula Widget