Bitcoin fails in the $ 40K range after several attempts
In the Bitcoin market, this currently looks like a preparation for another $ 40K attempt, but it won't be easy.
Since our last analysis, when Bitcoin lost more than $ 10K in a short time due to a correction, BTC immediately got to its feet and returned to $ 40K. Bitcoin has once again shown that it can recover quickly, and investors used this dump to buy in the support area for $ 30K.
So after the first attempts in the $ 40K area, we witnessed also a second bull wave this month, but Bitcoin still didn't have that much strength and the bears bounced him out of the $ 40K area.
However, we are currently seeing one strong bullish sign, which is the acquisition of $ 35K resistance in its favor, and it looks like this zone will be a valid support before another $ 40K attempt. But if Bitcoin falls below $ 35K, it is possible that it will face another dump towards $ 30K and possibly lower.
What else does technical analysis tell us?
Strong resistance at $ 40K
Important support in the area of $ 28K - $ 30K
New support at $ 35K
Another confirmed support at $ 22.5K
Key support at $ 19.5K
In the Bitcoin market, this currently looks like a preparation for another $ 40K attempt, but it won't be easy.
Since our last analysis, when Bitcoin lost more than $ 10K in a short time due to a correction, BTC immediately got to its feet and returned to $ 40K. Bitcoin has once again shown that it can recover quickly, and investors used this dump to buy in the support area for $ 30K.
So after the first attempts in the $ 40K area, we witnessed also a second bull wave this month, but Bitcoin still didn't have that much strength and the bears bounced him out of the $ 40K area.
However, we are currently seeing one strong bullish sign, which is the acquisition of $ 35K resistance in its favor, and it looks like this zone will be a valid support before another $ 40K attempt. But if Bitcoin falls below $ 35K, it is possible that it will face another dump towards $ 30K and possibly lower.
What else does technical analysis tell us?
Strong resistance at $ 40K
Important support in the area of $ 28K - $ 30K
New support at $ 35K
Another confirmed support at $ 22.5K
Key support at $ 19.5K
İlgili yayınlar
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.
İlgili yayınlar
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.