मजबूत Bitcoin खंड बोडे खैर के लिए मूल्य ब्रेकआउट

यूएसआई टेक सबसे आसान निष्क्रिय Bitcoin निवेश

राय

  • Bitcoin’s daily trading volume remains elevated at highs above $10 एक अरब, going against the technical theory that investor interest tends to drop during periods of consolidation. इसलिये, the ongoing sideways trading near $3,900 may end with a bull breakout toward the recent high of $4,207.
  • Trading volumes have been strong since the corrective rally kicked off in early February, so a range breakdown looks unlikely.
  • Prices could first see a drop below $3,865 (मार्च 12 कम) due to the extended consolidation. ने कहा कि, the short-term outlook would turn bearish only if the higher low of $3,743 created on March 3 is breached

Bitcoin’s current period of price consolidation may end with a bull breakout, price-volume analysis indicates.

While the cryptomarket leader is lacking a clear directional bias for the tenth straight day, 24-hour trading volume remains elevated near the 10-month high of $10.75 billion seen on Feb. 24, contradicting the popular theory that investor interest drops in a rangebound market.

नतीजतन, the pullback from recent highs near $4,200 appears likely to be nothing more than a bull breather and BTC could soon draw bids.

Validating that argument is the fact that the recovery rally from the lows near $3,400 seen on Feb. 8 was backed by high volumes. Daily trading levels jumped above their 50-day moving average 35 days ago and have remained above the key metric ever since – a feat last observed during the height of the bull market in the third quarter of 2017, इसके अनुसार CoinMarketCap data.

इसलिये, the probability of BTC ending the ongoing consolidation with a strong move to the downside is quite low.

लेखन के रूप में, BTC is trading at $3,930, representing a 0.5 percent gain on a 24-hour basis, इसके अनुसार CoinMarketCap. Twenty-four-hour trading volume is seen at $10.62 एक अरब, while the 50-day moving average of daily trading volume is seen at $7.615 एक अरब.

डेली चार्ट

As seen above, BTC jumped 7.5 percent on Feb. 8 (arrow), invalidating the immediate bearish setup. The strong move was backed by a hike in trading volumes above their 50-day MA. तब से, volume bars have consistently printed above the key average, validating the corrective rally from $3,400.

The setup looks even more bullish if we take into account the higher lows and higher highs on volume chart. Recent price pullbacks were accompanied by a drop in volumes (lack of bear support), explaining the weak follow-through to the rising channel breakdown witnessed on Feb. 24.

The failed breakdown coupled with elevated volumes amid price consolidation indicates scope for a re-test of $4,208 (फ़रवरी. 24 उच्च).

ने कहा कि, the long period of consolidation could test the bulls’ resolve, and a brief drop below the immediate support of $3,865 (मार्च 12 कम) could be seen before a continuation of the rally.

प्रकटीकरण: लेखक लेखन के समय में कोई cryptocurrency संपत्ति रखती है.

Bitcoin चित्र Shutterstock के माध्यम से; द्वारा चार्टट्रेडिंग देखें

मजबूत Bitcoin खंड बोडे खैर के लिए मूल्य ब्रेकआउट

कृपया का पालन करें और हमें पसंद:
त्रुटि
यूएसआई टेक सबसे आसान और सबसे निष्क्रिय Bitcoin निवेश के साथ अपने जीवन को बदलने

उत्तर छोड़ दें

इस साइट में Akismet स्पैम कम करने के लिए उपयोग करता है. जानें कि कैसे अपनी टिप्पणी डेटा संसाधित किया जाता है.