Bitcoin shows promise, but BTC needs to quickly get above $25K before the selling pressure kicks in.
. However, Edwards cautioned traders that the pattern could fail, hence it should not be used for building a trading or investment plan.
Could Bitcoin and the altcoins rise above their overhead resistance levels and start the next leg of the up-move? Let’s study the charts of the top-10 cryptocurrencies to find out.The bulls propelled Bitcoin above the overhead resistance of $25,250 on March 14 but the long wick on the candlestick shows that bears are not ready to surrender without a fight. Strong selling pulled the price back below $25,250.
If the bulls do not give up much ground from the current level, the possibility of a break and close above $25,250 increases. If that happens, the BTC/USDT pair will complete a bullish inverse head and shoulders pattern. That will signal a potential trend change. The pair may then sprint toward $32,000.
If bears want to slow down the bullish momentum, they will have to quickly pull the price back below the moving averages.
Indonesia Berita Terbaru, Indonesia Berita utama
Similar News:Anda juga dapat membaca berita serupa dengan ini yang kami kumpulkan dari sumber berita lain.
iPhone 15 Pro could see a price increase for the first time since 2017For the first time since the iPhone X release, Apple could be planning to increase the cost of its Pro phones with the iPhone 15 Pro models.
Baca lebih lajut »
15-year-old Boy Killed in Northeast PhiladelphiaA teen boy was shot to death on Monday afternoon in Northeast Philadelphia's Rhawnhurst neighborhood.
Baca lebih lajut »
The 15 Best Lipstick Moments in Nineties Movie History: From Pretty Woman to Pulp FictionFrom Pretty Woman to Pulp Fiction, these are 15 of our favorites in nineties movie lipstick history—and the modern-day equivalents you’ll want to wear well past the credits roll.
Baca lebih lajut »
Boy, 15, Becomes at Least 17th Student Killed in Philadelphia This School YearA teen boy was shot to death in Northeast Philadelphia on Monday afternoon. The boy was at least the 17th public school student killed in the city this academic year, the Philadelphia School District said.
Baca lebih lajut »
The 15 Best Sleep Week DealsEvery night should be a comfortable and recharging experience, so get yourself a sound machine or perfectly cool sheets.
Baca lebih lajut »