TA: Bitcoin Stuck in Range, Here’s What Could Trigger More Losses

TA: Bitcoin Stuck in Range, Here’s What Could Trigger More Losses

Bitcoin price is trading in a range below the $57,500 resistance against the US Dollar. BTC is likely to start a major decline if there is a clear break below the $53,500 support zone.

Bitcoin price is trading in a range below the $57,500 resistance against the US Dollar. BTC is likely to start a major decline if there is a clear break below the $53,500 support zone.

Bitcoin is struggling to gain momentum above the $56,000 and $56,500 levels. The price is now trading well below $56,500 and the 100 hourly simple moving average. There is a new declining channel forming with resistance near $55,750 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could correct higher, but the bulls are likely to struggle near $55,750 and $56,500. Bitcoin Price Remains At Risk Bitcoin recovered higher above the $56,000 level, but the bulls failed to gain strength. BTC topped near the $56,400 level and it failed to clear the 100 hourly simple moving average.

A high was formed near $56,404 and the price resumed its decline. It broke the $55,400 support and revisited the $53,500 support zone. A low is formed near $53,650 and the price is now consolidating losses. An immediate resistance is near the $55,050 level.

The 50% Fib retracement level of the recent decline from the $56,404 high to $53,670 low is also near $55,050. The next key resistance is near the $55,400 level.

bitcoin

Bootstrap 5 Complete Course with Examples

Bootstrap 5 Tutorial - Bootstrap 5 Crash Course for Beginners

Nest.JS Tutorial for Beginners

Hello Vue 3: A First Look at Vue 3 and the Composition API

Building a simple Applications with Vue 3

Deno Crash Course: Explore Deno and Create a full REST API with Deno

How to Build a Real-time Chat App with Deno and WebSockets

Convert HTML to Markdown Online

HTML entity encoder decoder Online

Savage Bitcoiners Volume 1: Interview with Psychedelic Bart

Name: Psychedelic Bart a.k.a. Psycho Bart

Local Bitcoin Clone launch a trending business in crypto platform

Buy and Sell Bitcoins locally and without any centralized exchange, either for hard cash or other Altcoins with Local Bitcoins. With well-rounded features such as multiple coin support, wallet creation, escrow support to provide amiable service for both buyer and seller. Create your own Bitcoin Advertisement to sell your coins faster than ever.

Public Fascination with Bitcoin Price is Slowing the Adoption of Bitcoin

Few people ask me about the social, political, and economic impact of cryptographically-secure, time-stamped distributed ledgers. Most people ask “should I buy bitcoin?” They seem interested in whether they can make money from its price going up.

Embrace your business revenue with local bitcoin clone

Buy and Sell Bitcoins locally and without any centralized exchange, either for hard cash or other Altcoins with Local Bitcoins. With well-rounded features such as multiple coin support, wallet creation, escrow support to provide amiable service for both buyer and seller. Create your own Bitcoin Advertisement to sell your coins faster than ever.

Adding Messages On The Bitcoin Blockchain - A How-To Guide

Can I write on a Bitcoin Blockchain? Can I drop down a message? Yes, Luca of course you can! You can leave a message on a Bitcoin blockchain using a particular op code, called OP_RETURN.