Bitcoin has come under intense bearish pressure as the benchmark cryptocurrency caves towards the $42,000 support area. This decline comes despite the recent Bitcoin 2022 conference, which many expected to extend some bullish support to the cryptocurrency.
The primary cryptocurrency currently appears to be descending in a batched pattern as the $41,000 level comes into view again. A continuation of this pattern in the coming hours suggests that BTC will continue its descent to the $41,000 - $40,600, where my long-term trendline resides.
On the flip side, a prolonged consolidation above the $42,000 level could trigger a retest and a possible breakout above the $43,000 barrier and help BTC return to the $45,000 axis.
Meanwhile, my resistance levels are at $43,000, $44,000, and $45,000, and my key support levels are at $42,000, $41,000, and $40,000.
Total Market Capitalization: $1.98 trillion
Bitcoin Market Capitalization: $811 billion
Bitcoin Dominance: 41%
Market Rank: #1
The primary cryptocurrency currently appears to be descending in a batched pattern as the $41,000 level comes into view again. A continuation of this pattern in the coming hours suggests that BTC will continue its descent to the $41,000 - $40,600, where my long-term trendline resides.
On the flip side, a prolonged consolidation above the $42,000 level could trigger a retest and a possible breakout above the $43,000 barrier and help BTC return to the $45,000 axis.
Meanwhile, my resistance levels are at $43,000, $44,000, and $45,000, and my key support levels are at $42,000, $41,000, and $40,000.
Total Market Capitalization: $1.98 trillion
Bitcoin Market Capitalization: $811 billion
Bitcoin Dominance: 41%
Market Rank: #1
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免责声明
这些信息和出版物并不意味着也不构成TradingView提供或认可的金融、投资、交易或其它类型的建议或背书。请在使用条款阅读更多信息。