BTC/USD Falls 0.81% to 16,890 Support

Join Our Telegram channel to keep up to date on breaking information protection

The Bitcoin value prediction sees a 0.81% decline over the previous few hours because the cryptocurrency fails at $17,158 and heads decrease.

Bitcoin Prediction Statistics Data:

  • Bitcoin value now – $16,955
  • Bitcoin market cap – $326.1 billion
  • Bitcoin circulating provide – 19.2 million
  • Bitcoin complete provide – 19.2 million
  • Bitcoin Coinmarketcap rating – #1

BTC/USD Long-term Trend: Bearish (Daily Chart)

Key ranges:

Resistance Levels: $20,000, $22,000, $24,000

Support Levels: $15,000, $13,000, $11,000

BTC/USD loses its momentum after touching key resistance above $17,100. As of writing, the king coin is down 0.81% on the day at $16,955 going through the 9-day and 21-day shifting averages. Meanwhile, Bitcoin might battle to shut above $17,000, and if it does, it needs to be free to rise properly above $18,000 if it strikes towards the higher boundary of the channel.

Bitcoin Price Prediction: Can Bitcoin Price Trade Above $18,000?

After a barely optimistic transfer above $17,000, the Bitcoin value might slide beneath the 9-day and 21-day shifting averages. Over the previous few days, the king coin has been struggling to stay above the shifting averages. In immediately’s session, the Bitcoin value tried to push larger, however the sellers stepped into the market to deliver the market value decrease to contact the every day low of $16,890.

Moreover, if the coin strikes decrease, the $16,500 might function the closest help degree, which can possible make room for the coin to fall additional to hit the helps at $15,000, $13,000, and $11,000. The Relative Strength Index (14) stays beneath the 50- degree, which might comply with the downward motion. On the opposite, BTC/USD might possible face the higher boundary of the channel to hit the resistance ranges of $20,000, $22,000, and $24,000.

BTC/USD Medium-term Trend: Bearish (4H Chart)

On the 4-Hour chart, the BTC value hovers round $16,953 and should possible cross above the 9-day and 21-day shifting averages. However, if the bulls collect sufficient energy, the upward motion could also be close to the resistance degree of $17,500 and above.

BTCUSD – 4-Hour Chart

On the draw back, fast help might be situated across the $16,700 degree whereas crucial help is at $16,500 and beneath. Therefore, the Bitcoin value might possible fall in direction of the decrease boundary of the channel if the bears put extra strain available on the market, Moreover, the Relative Strength Index (14) retains shifting beneath the 60-level, suggesting a sideways motion.

Meanwhile, those that spend money on Impact Token (IMPT) might be ready to declare them as of December 12, 2022. In order to do that, they will join the wallets they used to purchase the tokens initially, and the token might be dropped into their wallets. Also Uniswap, LBank, and Changelly Pro will record IMPT for buying and selling, as soon as the presale has been concluded. It is nice to be inexperienced, and about $13.6 million has already been raised for this environmentally pleasant venture.

It is now simple for all merchants and traders to keep within the loop with all of the occasions affecting cryptocurrencies; thanks to our groundbreaking Dash 2 Trade platform. You is not going to miss any vital occasions on the cryptocurrency market, as a result of the platform helps you keep on high of your buying and selling recreation. D2T presale dashboard is launching quickly because the product dev is forward of schedule. In the continued presale, virtually $8.5 million has been raised.


Dash 2 Trade – High Potential Presale

Dash 2 Trade
  • Active Presale Live Now – dash2trade.com
  • Native Token of Crypto Signals Ecosystem
  • KYC Verified & Audited

Dash 2 Trade

Join Our Telegram channel to keep up to date on breaking information protection

Latest news

Zion Social Network Embraces Bitcoin Payments Via Lightning Network For Instant Transactions Through Secure Messaging

Disclaimer: Zion is a portfolio firm of UTXO, a fund managed by BTC Inc., the father or mother firm...

Coinbase Caught In SEC Legal Crossfire, COIN Price Suffers

Coinbase, the main cryptocurrency buying and selling platform within the United States, has just lately discovered itself embroiled in...

Amboss Unveils LINER Index, Bolstering Enterprise Adoption Of Lightning Network

Amboss, a knowledge analytics supplier for the Bitcoin Lightning Network (LN), has launched LINER (Lightning Network Rate), an revolutionary...

Coinbase, America’s Largest Cryptocurrency Exchange, Sued By The SEC For Securities Violations

Coinbase, one of many main cryptocurrency exchanges, has been charged by the Securities and Exchange Commission (SEC) for working...
- Advertisement -spot_img

KAVA Holds In Green Despite Bears Took Control Of Market 

The cryptocurrency market has been risky within the final day, with costs typically experiencing vital fluctuations. However, whereas the...

Gateway Issues Cause Withdrawal And Deposit Delays For Kraken Exchange

Renowned trade Kraken is battling points with its crypto funding gateways, which embody BTC, ETH, and ERC-20, as customers...

Must read

Coinbase Caught In SEC Legal Crossfire, COIN Price Suffers

Coinbase, the main cryptocurrency buying and selling platform within...
- Advertisement -spot_imgspot_img

You might also likeRELATED
Recommended to you