BTC Failed to Break $42K, But it Remains Uptrend

After failing to break the $43K resistance level, BTC price declined below the $42,000 and $41,500 support levels.

 

Looking at the daily chart, in the case of a $46K breakout, the following significant level would be at the $50K area on the daily chart, which is shown on below.


The price action in this area should be observed closely to determine if a bullish breakout or rejection is more likely based on the lower time frame behavior. If it can break out, the bearish flag would be considered failed, and a rally towards the $52K zone and beyond would likely occur.

BD.png


On the 4H chart, BTC is trading above 100-day moving average. The RSI has broken above the 50% mark, indicating that the bulls are again in control. A stronger rally may be the most probable scenario in the short term. And the upside could be limited around the $46,000-$50,000 resistance zone.

BH.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