$7,000? Bitcoin sembra Nord Dopo sei giorni ad alta

$7,000? Bitcoin sembra Nord Dopo sei giorni ad alta

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Nonostante il setup grafico ribasso, bitcoin (BTC) rose to a six-day high on Monday, putting a corrective rally to $7,000 back on the map.

The leading cryptocurrency unexpectedly picked up a bid around $6,450 at 16:00 UTC yesterday and rose to $6,850 – the highest level since June 12, according to Bitfinex data.

Il $400 rally may have trapped a few bears on the wrong side of the market, given the pennant breakdown on the 4-hour chart had called for a drop to $6,000.

Yesterday’s gravity-defying price action in BTC has boosted the odds of a rally to $7,024 (23.6 percent Fibonacci retracement of the sell-off from $9,990 a $6,108). però, the long-run outlook remains bearish for now.

Al momento della stampa, bitcoin is changing hands at $6,700 su Bitfinex.

4-chart ora

Come si vede nel grafico di cui sopra, the 4-hour candle crossed the upper Bollinger band in a convincing manner yesterday, signaling a bullish Bollinger band (standard deviation of +2 e -2 on 20-candle moving average) breakout.

Trading volume also picked up (circled on chart), adding credence to the bullish move. nel frattempo, the cryptocurrency has also found acceptance above the 50-candle moving average (MA) and the relative strength index (RSI) is biased bullish (above 50.00).

Così, BTC will likely clear the immediate resistance at $6,736 (yellow dotted line) and test supply around $7,024 (23.6 percent Fibonacci retracement of the drop from $9,990 a $6,108) nel prossimo 24 ore.

It’s worth noting that the descending (bearish) 100-candle MA is located at $7,045, marking a key resistance level for the bulls.

The positive Bollinger band setup also validates the argument put forward by the bullish price-relative strength index (RSI) divergence last week that the cryptocurrency has found a temporary low at around $6,100.

Daily chart

BTC closed above the 10-day MA yesterday, invalidating the immediate bearish outlook. It also created a bullish outside-day candle on Monday (price action engulfed Sunday’s high and low) – that is, the day began on a pessimistic note, but ended optimistically. Thus, the probability that the corrective rally will gather traction is high.

vista

  • BTC looks set to take out immediate resistance at $6,736 and rally towards $7,024 (23.6 percent Fibonacci retracement of the drop from $9,990 a $6,108).
  • A daily close (as per UTC) above that level would open the doors to $7,500–$7,600, although the rally could be short-lived as the long-run technicals are still biased to the bears.
  • scenario ribassista: A sell-off to $6,000 could still happen this week, if BTC closes (as per UTC) below the 10-day MA ($6,582) oggi.

Compass immagine tramite Shutterstock

Il leader nell'informazione blockchain, CoinDesk è un mezzo di informazione che si sforza per i più alti standard giornalistici e si conforma un rigida serie di politiche editoriali. CoinDesk è una filiale operativa indipendente valuta Digital Group, che investe in cryptocurrencies e startup blockchain.

https://www.coindesk.com/7000-bitcoin-rally-could-gather-pace-after-six-day-high/

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