BTC Price Prediction - Struggling Below $50,000, A New Breakout is Ahead?

Yesterday, the U.S. weekly jobless claims fall to 184,000, the lowest level in more than 52 years, Bitcoin price succumbed to another wave of selling along with the plunge in stocks.

 

Bitcoin prices have been trading south of $50,000, and reached $47,526 early this morning. $50,000 is definitely an important psychological price level for bitcoin, but as we can see right now there is no strong support at this level.

 

And on the fundamental aspect, President Joe Biden braces for another jump of CPI inflation today. The consumer price index (CPI) for November is expected to have risen 6.8% compared with the same month last year. If CPI remains high, the taper is likely to fasten its pace and the Bitcoin market may suffer.

 

Technical Analysis

On the daily chart, Bitcoin has been dipping since November - falling almost by $2,000. Bitcoin is trading around the lower band of Bollinger Bands and a downward breakout is possible. And the BTC price drops below the 50% Fib level as well The RSI rebounds after hitting the boundary of the oversold area, but it still heads to south. Focus on the $45,000 support and $51,000 resistance.

图片4.png


Demo

想進行練習嗎?到模擬交易使用我們的贈金

5000 USDT
聯繫我們
twitter Telegram

Technical support: [email protected]

風險提示 該公司為客戶提供的金融產品,包括差價合約(“CFD”)和其他復雜的金融產品。差價合約交易具有高風險性,因為槓桿可能會對您的資金狀況產生積極和消極的影響。差價合約交易並不適合所有投資者,因為可能導致投資資本的完全虧損。不要投資超過您能承受的範圍。在開始復雜的金融產品交易之前,請務必閱讀有關所有風險。

© 2019 Bex500. All rights reserved.

登入
谷歌驗證

忘記密碼? 找回谷歌验证

還沒有帳號?立即註冊
找回密碼
60秒後重新獲取
獲取
註冊帳戶
60秒後重新獲取
獲取
服務條款隱私政策
已有帳號?立即登入