Wednesday, June 29, 2022
COIN POST
ASEBIT.com - We Make Money in the Markets
  • Home
  • Bitcoin
  • Updates
    • Blockchain
    • Crypto Updates
    • Altcoin
    • Ethereum
    • ICO
    • Crypto Exchange
    • Crypto Mining
  • Analysis
  • NFT
  • Defi
  • Regulations
  • Scams
  • Videos
  • Live Prices
No Result
View All Result
  • Home
  • Bitcoin
  • Updates
    • Blockchain
    • Crypto Updates
    • Altcoin
    • Ethereum
    • ICO
    • Crypto Exchange
    • Crypto Mining
  • Analysis
  • NFT
  • Defi
  • Regulations
  • Scams
  • Videos
  • Live Prices
No Result
View All Result
COIN POST
No Result
View All Result
Home Bitcoin

What Could Trigger Another Decline

May 2, 2022
in Bitcoin
0
1.5k
VIEWS
Share on FacebookShare on Twitter


Bitcoin prolonged decline beneath the $38,000 degree towards the US Greenback. BTC is recovering, nevertheless it should clear $39,000 for upside continuation.

  • Bitcoin remained in a bearish zone beneath $40,000 and $39,000.
  • The worth is now buying and selling beneath $39,000 and the 100 hourly easy shifting common.
  • There was a break above a key bearish development line with resistance close to $38,000 on the hourly chart of the BTC/USD pair (knowledge feed from Kraken).
  • The pair should clear the $39,000 resistance to proceed greater within the close to time period.

Bitcoin Worth Eyes Restoration Wave

Bitcoin value gained bearish momentum after it broke the $39,000 assist zone. BTC even traded beneath the $38,000 degree and settled beneath the 100 hourly easy shifting common.

There was a spike beneath the $37,500 assist zone. A low was fashioned close to $37,399 and the worth is now correcting greater. There was a transfer above the $38,000 and $38,200 resistance ranges. There was additionally a break above a key bearish development line with resistance close to $38,000 on the hourly chart of the BTC/USD pair.

Bitcoin value even climbed above the 23.6% Fib retracement degree of the important thing decline from the $40,349 swing excessive to $37,399 low. It’s now going through resistance close to the $38,800 degree and the 100 hourly easy shifting common.

The 50% Fib retracement degree of the important thing decline from the $40,349 swing excessive to $37,399 low can also be close to the $38,800 zone to behave as a resistance. The subsequent key resistance might be close to the $39,000 zone. A detailed above the $39,000 degree might open the doorways for a good improve.

Bitcoin Price

Supply: BTCUSD on TradingView.com

Within the acknowledged case, the worth might even surpass the $39,250 resistance. The subsequent main resistance might maybe be close to the $40,000 zone.

Contemporary Decline in BTC?

If bitcoin fails to clear the $39,000 resistance zone, it might begin a contemporary decline. An instantaneous assist on the draw back is close to the $38,400 degree.

The subsequent main assist is seen close to the $38,000 degree. A transparent break beneath the $38,000 assist zone might even push the worth beneath $37,500. Any extra losses would possibly name for a check of the $36,400 assist.

Technical indicators:

Hourly MACD – The MACD is slowly shedding tempo within the bullish zone.

Hourly RSI (Relative Power Index) – The RSI for BTC/USD is now above the 50 degree.

Main Assist Ranges – $38,400, adopted by $38,000.

Main Resistance Ranges – $38,800, $39,000 and $39,200.



Source link

Related articles

LUNC Price Prediction for Today, June 28: Price Touches $0.00011 Level

June 29, 2022

Crypto Credit Cards Explained: Is One Right For You?

June 28, 2022
Tags: DeclineTrigger
Share76Tweet47

Related Posts

LUNC Price Prediction for Today, June 28: Price Touches $0.00011 Level

by coinpost
June 29, 2022
0

The LUNC worth prediction reveals that the coin spikes above the higher boundary of the channel because the coin touches...

Crypto Credit Cards Explained: Is One Right For You?

by coinpost
June 28, 2022
0

For many years, shoppers have relied on bank cards as a handy method to store with out carrying money. As...

Bitcoin Lags Behind US Stocks, Altcoins In Latest Bounce

by coinpost
June 28, 2022
0

Bitcoin dominance has taken a dive for the reason that primary crypto by market cap underperforms altcoins. The metric, used...

Nubank Rolls Out Bitcoin Buying In Brazil

by coinpost
June 28, 2022
0

Brazil’s largest digital financial institution, Nubank, has rolled out bitcoin shopping for capabilities to all its 53.9 million prospects.The Warren...

Blockchain Analytics Firm Kaiko Raises $53M Series B Led by Eight Roads Amid Bear Market

by coinpost
June 28, 2022
0

Please observe that our privateness coverage, phrases of use, cookies, and don't promote my private info has been up to...

Load More
  • Trending
  • Comments
  • Latest

BITMAIN Invited Key Customers to Visit North America’s First Fully Operational Hydro Cooling Data Center

May 2, 2022

New Release 4.7.0 – Electric Coin Company

May 2, 2022

Solana price prediction for May 2022: Worrying pattern forms

May 2, 2022

Belgium Introduces Registration for Crypto Exchange and Wallet Service Providers – Regulation Bitcoin News

May 3, 2022

Lonnie Holley on making work inspired by trauma, ‘garbage’—and being stranded on an English island

May 9, 2022

Will The LUNC Price Kill A Zero In 2022?

June 22, 2022

One-Minute Blockchain News – June 9, 2022

June 18, 2022

Ethereum Price Prediction for Today, June 8: ETH Slips Below $1800

June 9, 2022

Elon Musk, Mark Cuban Discuss Using Dogecoin to Solve Twitter Spam Problem – Altcoins Bitcoin News

0

No One Understands Bitcoin, And That’s Okay

0

What Could Trigger Another Decline

0

BITMAIN Invited Key Customers to Visit North America’s First Fully Operational Hydro Cooling Data Center

0

Lowest Bored Ape NFT Costs A Staggering $429,000 – Any Takers?

0

Buy Flowers & Mother’s Day Gifts with Crypto

0

Solana (SOL) accounts now available on margin trading platform Evolve Markets » CryptoNinjas

0

Successful Beta Service launch of SOMESING, ‘My Hand-Carry Studio Karaoke App’

0

Ripple Labs Inc Floats CBDC Innovate Challenge

June 29, 2022

400+ Crypto Advertisements Violate Guidelines in India — ‘Some Influencers Talk About Crypto Without Understanding It’ – Regulation Bitcoin News

June 29, 2022

Kraken Might Soon List Dogecoin Futures

June 29, 2022

Solana Broke Its Nearest Support, Vital Trading Levels To Keep An Eye On

June 29, 2022

Is Flow a better buy than Cardano today?

June 29, 2022

PayPal Adds New Business Credit Card

June 29, 2022

LUNC Price Prediction for Today, June 28: Price Touches $0.00011 Level

June 29, 2022

Glassnode Deems 2022 Bear Market As The Most Atrocious For BTC And All Cryptocurrencies

June 29, 2022
  • Home
  • DMCA
  • Cookie Privacy Policy
  • Disclaimer
  • Privacy Policy
  • Terms and Conditions
  • Contact us

Copyright © 2021 - 2022 CoinPost.biz.

No Result
View All Result
  • Home
  • Bitcoin
  • Crypto Updates
  • Analysis
  • NFT
  • Defi
  • Regulations
  • Scams
  • Videos

Copyright © 2021 - 2022 CoinPost.biz.

  • bitcoinBitcoin(BTC)$20,312.00
  • ethereumEthereum(ETH)$1,149.13
  • tetherTether(USDT)$1.00
  • usd-coinUSD Coin(USDC)$1.00
  • binancecoinBNB(BNB)$228.54
  • Binance USDBinance USD(BUSD)$1.00
  • rippleXRP(XRP)$0.336522
  • cardanoCardano(ADA)$0.474126
  • SolanaSolana(SOL)$35.58
  • dogecoinDogecoin(DOGE)$0.067040
  • polkadotPolkadot(DOT)$7.29
  • daiDai(DAI)$1.00
  • tronTRON(TRX)$0.065875
  • Shiba InuShiba Inu(SHIB)$0.000010
  • wrapped-bitcoinWrapped Bitcoin(WBTC)$20,321.00
  • leo-tokenLEO Token(LEO)$5.73
  • AvalancheAvalanche(AVAX)$18.47
  • Lido Staked EtherLido Staked Ether(STETH)$1,102.23
  • matic-networkPolygon(MATIC)$0.53
  • litecoinLitecoin(LTC)$52.94
  • FTXFTX(FTT)$25.66
  • OKBOKB(OKB)$12.00
  • CronosCronos(CRO)$0.120349
  • chainlinkChainlink(LINK)$6.41
  • stellarStellar(XLM)$0.114325
  • NEAR ProtocolNEAR Protocol(NEAR)$3.48
  • UniswapUniswap(UNI)$4.92
  • algorandAlgorand(ALGO)$0.313878
  • moneroMonero(XMR)$119.29
  • cosmosCosmos Hub(ATOM)$7.35
  • ethereum-classicEthereum Classic(ETC)$15.62
  • bitcoin-cashBitcoin Cash(BCH)$104.79
  • Theta FuelTheta Fuel(TFUEL)$0.051475
  • ChainChain(XCN)$0.085653
  • FlowFlow(FLOW)$1.66
  • vechainVeChain(VET)$0.023518
  • ApeCoinApeCoin(APE)$5.01
  • HederaHedera(HBAR)$0.066319
  • tezosTezos(XTZ)$1.54
  • The SandboxThe Sandbox(SAND)$1.09
  • FraxFrax(FRAX)$0.99
  • decentralandDecentraland(MANA)$0.89
  • Internet ComputerInternet Computer(ICP)$5.47
  • theta-tokenTheta Network(THETA)$1.28
  • Axie InfinityAxie Infinity(AXS)$15.39
  • filecoinFilecoin(FIL)$5.55
  • true-usdTrueUSD(TUSD)$1.00
  • ElrondElrond(EGLD)$52.02
  • bitcoin-cash-svBitcoin SV(BSV)$57.55
  • HeliumHelium(HNT)$9.97
  • kucoin-sharesKuCoin(KCS)$10.17
  • eosEOS(EOS)$0.95
  • paxos-standardPax Dollar(USDP)$1.00
  • makerMaker(MKR)$965.36
  • AaveAave(AAVE)$60.89
  • BitTorrentBitTorrent(BTT)$0.000001
  • huobi-tokenHuobi(HT)$5.20
  • Huobi BTCHuobi BTC(HBTC)$20,307.00
  • cUSDCcUSDC(CUSDC)$0.022661
  • Neutrino USDNeutrino USD(USDN)$0.99
  • QuantQuant(QNT)$57.49
  • iotaIOTA(MIOTA)$0.277840
  • Terra Luna ClassicTerra Luna Classic(LUNC)$0.000071
  • eCasheCash(XEC)$0.000040
  • cETHcETH(CETH)$23.01
  • The GraphThe Graph(GRT)$0.101330
  • zcashZcash(ZEC)$59.48
  • USDDUSDD(USDD)$0.99
  • FantomFantom(FTM)$0.277359
  • TerraClassicUSDTerraClassicUSD(USTC)$0.068165
  • KlaytnKlaytn(KLAY)$0.239891
  • TensetTenset(10SET)$3.36
  • SapphireSapphire(SAPP)$0.70
  • RadixRadix(XRD)$0.064550
  • neoNEO(NEO)$8.97
  • GateGate(GT)$4.13
  • PAX GoldPAX Gold(PAXG)$1,825.23
  • zilliqaZilliqa(ZIL)$0.041809
  • StacksStacks(STX)$0.455513
  • THORChainTHORChain(RUNE)$1.98
  • havvenSynthetix Network(SNX)$2.58
  • basic-attention-tokenBasic Attention(BAT)$0.373553
  • ChilizChiliz(CHZ)$0.104545
  • wavesWaves(WAVES)$5.46
  • cDAIcDAI(CDAI)$0.022085
  • STEPNSTEPN(GMT)$0.90
  • DeFiChainDeFiChain(DFI)$0.98
  • TitanSwapTitanSwap(TITAN)$5.08
  • BitDAOBitDAO(BIT)$0.449985
  • dashDash(DASH)$46.39
  • enjincoinEnjin Coin(ENJ)$0.53
  • loopringLoopring(LRC)$0.394665
  • PancakeSwapPancakeSwap(CAKE)$3.14
  • cUSDTcUSDT(CUSDT)$100,000,000,000,000.00
  • ArweaveArweave(AR)$9.21
  • Tether GoldTether Gold(XAUT)$1,853.01
  • KusamaKusama(KSM)$50.37
  • GalaGala(GALA)$0.057210
  • AmpAmp(AMP)$0.008824
  • KavaKava(KAVA)$1.94
  • 1inch1inch(1INCH)$0.76
  • EvmosEvmos(EVMOS)$1.97
  • CeloCelo(CELO)$0.89
  • HoloHolo(HOT)$0.002225
  • ECOMIECOMI(OMI)$0.001426
  • Mina ProtocolMina Protocol(MINA)$0.66
  • RaydiumRaydium(RAY)$0.68
  • nemNEM(XEM)$0.040298
  • Fei USDFei USD(FEI)$1.00
  • nexoNEXO(NEXO)$0.62
  • Frax ShareFrax Share(FXS)$4.86
  • TerraTerra(LUNA)$2.62
  • decredDecred(DCR)$23.63
  • CompoundCompound(COMP)$48.24
  • iostokenIOST(IOST)$0.013906
  • OsmosisOsmosis(OSMO)$0.80
  • Maiar DEXMaiar DEX(MEX)$0.000057
  • qtumQtum(QTUM)$2.95
  • XDC NetworkXDC Network(XDC)$0.025078
  • SafeMoonSafeMoon(SFM)$0.000544
  • gnosisGnosis(GNO)$118.57
  • SerumSerum(SRM)$0.93
  • Celsius NetworkCelsius Network(CEL)$0.71
  • OKCOKC(OKT)$17.93
  • OlympusOlympus(OHM)$13.75
  • KadenaKadena(KDA)$1.59
  • Tokenize XchangeTokenize Xchange(TKX)$3.60
  • bitcoin-goldBitcoin Gold(BTG)$16.40
  • Curve DAOCurve DAO(CRV)$0.71
  • ravencoinRavencoin(RVN)$0.024587
  • SafeMoon [OLD]SafeMoon [OLD](SAFEMOON)$0.000000
  • 0x0x(ZRX)$0.326770
  • AudiusAudius(AUDIO)$0.376609
  • omisegoOMG Network(OMG)$1.89
  • JUSTJUST(JST)$0.030235
  • iotexIoTeX(IOTX)$0.027924
  • Bitkub CoinBitkub Coin(KUB)$2.96
  • Xido FinanceXido Finance(XIDO)$9.17
  • Trust WalletTrust Wallet(TWT)$0.75
  • Baby Doge CoinBaby Doge Coin(BABYDOGE)$0.000000
  • Oasis NetworkOasis Network(ROSE)$0.051085
  • Nexus MutualNexus Mutual(NXM)$37.43
  • SongbirdSongbird(SGB)$0.031049
  • HiveHive(HIVE)$0.67
  • Convex FinanceConvex Finance(CVX)$3.84
  • HarmonyHarmony(ONE)$0.020229
  • Marinade staked SOLMarinade staked SOL(MSOL)$37.45
  • livepeerLivepeer(LPT)$9.53
  • golemGolem(GLM)$0.240396
  • Lido DAOLido DAO(LDO)$0.52
  • AnkrAnkr(ANKR)$0.028732
  • World Mobile TokenWorld Mobile Token(WMT)$0.292859
  • EscoinEscoin(ELG)$3.40
  • Ethereum Name ServiceEthereum Name Service(ENS)$8.86
  • iconICON(ICX)$0.289713
  • Staked LunaStaked Luna(STLUNA)$88.25
  • UltraUltra(UOS)$0.80
  • NuCypherNuCypher(NU)$0.176433
  • Euro TetherEuro Tether(EURT)$1.05
  • waxWAX(WAXP)$0.101299
  • SushiSushi(SUSHI)$1.10
  • LINKLINK(LN)$33.64
  • CreditcoinCreditcoin(CTC)$0.345730
  • ontologyOntology(ONT)$0.236179
  • Perpetual ProtocolPerpetual Protocol(PERP)$2.99
  • Immutable XImmutable X(IMX)$0.87
  • siacoinSiacoin(SC)$0.003953
  • SXPSXP(SXP)$0.414259
  • MoonbeamMoonbeam(GLMR)$0.65
  • TelosTelos(TLOS)$0.76
  • MXCMXC(MXC)$0.081832
  • EverdomeEverdome(DOME)$0.009278
  • WOO NetworkWOO Network(WOO)$0.186357
  • Magic Internet MoneyMagic Internet Money(MIM)$0.99
  • swissborgSwissBorg(CHSB)$0.201202
  • CoinmetroCoinmetro(XCM)$0.63
  • SKALESKALE(SKL)$0.053783
  • SifchainSifchain(EROWAN)$0.153849
  • Alchemix USDAlchemix USD(ALUSD)$0.99
  • ChiaChia(XCH)$42.39
  • AstarAstar(ASTR)$0.046761
  • yearn-financeyearn.finance(YFI)$5,725.92
  • liskLisk(LSK)$1.25
  • polymathPolymath(POLY)$0.200908
  • DEIDEI(DEI)$1.00
  • JOEJOE(JOE)$0.80
  • APENFTAPENFT(NFT)$0.000001
  • Dogelon MarsDogelon Mars(ELON)$0.000000
  • umaUMA(UMA)$2.61
  • gemini-dollarGemini Dollar(GUSD)$1.00
  • SecretSecret(SCRT)$0.99
  • ConstellationConstellation(DAG)$0.067026
  • zencashHorizen(ZEN)$13.71
  • balancerBalancer(BAL)$4.93
  • Rocket PoolRocket Pool(RPL)$10.47
  • Convex CRVConvex CRV(CVXCRV)$0.70
  • Casper NetworkCasper Network(CSPR)$0.030990
  • AstroportAstroport(ASTRO)$1.25
  • Liquity USDLiquity USD(LUSD)$1.02
  • MAIMAI(MIMATIC)$0.99