Crypto

Breaths! Today's closing will determine the week


The most actively traded crypto currency Bitcoin (BTC / USD) continued its downward trend on Sunday, dropping from 11,500 to 10,814 overnight, while maintaining its corkscrew on the weekend. BTC which flirted with key support prices at 11,300, fell almost 3.50% in the last 24 hours. Market capitalization reached $ 207 billion on Saturday and fell to about $ 201 billion on Sunday. Here is the Bitcoin price forecast…

The closure of Bitcoin on BTC for 2 weeks due to the course of closure for 2 weeks is very important because the daily chart shows a symmetrical triangular formation, which will affect the price of the Leader Krypton for the next two weeks. Over the past 2 weeks, the crypto currency has traveled through the triangle, mostly along the slope of trend line support, and two upward initiatives have experienced a deviation while the bearish trend is based on the trend line.

BTC daily chart

Bitcoin price forecast tied to bulls [19659006] Overall bias seems downward, but prices are 11,300
A daily close below trendline support at
Triangle downward trend will be confirmed when it sees. Therefore, the prices above
All eyes will be on this Sunday,
at the closing. A daily closing below 11.300 level
upward sloping 50-day Simple moving average (DMA) now at 9,890
on the other hand, if prices approach over 11,500 / 550, if they combine sudden resistances and 21-DMA, the bulls will regain control and try to overcome the 12k obstacle again. A fixed break on the latter will return the game to the triangular resistance of the downward trend line directly in front of the 13,000 mark. Today Daily Change -134.01 Today Daily Change% -1.18 Today is open daily 11.375,09
TRENDS
Daily SMA20 10,653, 49
Daily SMA50 9.115.98
Daily SMA100 7.221,55
Daily SMA200 5.471,29
LEVELS
Previous Daily High 11,844,43 Previous Daily Low 10.813.72
Previous Weekly High 13.195.19
Previous Weekly Low 10.968,34
The highest of the previous month 13.862,09 [PreviousMonthlyLow 7.437.33
Daily Fibonacci 38.2% ] 11.207,45
Daily Fibonacci 61.8% 11450.7
Daily Pivot Point S1 10.844,39
Daily Pivot Point S2 10313.7
Daily Pivot Point 9.813,68
Daily Pivot Point R1 11.875,11
Daily Pivot Point R2 12.375,13
Daily Pivot Point R3 12.905,82

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