• Latest
  • Trending
Bitcoin (BTC) Reclaims $33,000 After Sweeping Lows

Bitcoin (BTC) Reclaims $33,000 After Sweeping Lows

June 23, 2021
Bitcoin Price Today Rises Near $48,000; Ether, Cardano Slightly Up, Know Crypto Rates

Bitcoin Price Today Rises Near $48,000; Ether, Cardano Slightly Up, Know Crypto Rates

January 5, 2022
BitYard Integrates 80+ Chainlink Price Feeds for Enhanced Price Accuracy and Stability – Press release Bitcoin News

BitYard Integrates 80+ Chainlink Price Feeds for Enhanced Price Accuracy and Stability – Press release Bitcoin News

December 20, 2021
Here’s what global CEO’s think about cryptocurrency

Millennial millionaires plan to make more cryptocurrency investments in 2022: Survey

December 20, 2021
Tesla Motors, Inc. (NASDAQ:TSLA), Dogecoin – United States Dollar (CRYPTO:$DOGE) – Elon Musk Says This Is How Much He Would Pay In Taxes This Year

Tesla Motors, Inc. (NASDAQ:TSLA), Dogecoin – United States Dollar (CRYPTO:$DOGE) – Elon Musk Says This Is How Much He Would Pay In Taxes This Year

December 20, 2021
Former Argentina President Calls Ethereum Most Innovative Technology

Former Argentina President Calls Ethereum Most Innovative Technology

December 20, 2021
DeFi protocol Grim Finance lost $30M in 5x reentrancy hack

DeFi protocol Grim Finance lost $30M in 5x reentrancy hack

December 20, 2021
Need to Explain #Litecoin at #Thanksgiving? – Latest Tweet by Litecoin

@LinkSemper – Latest Tweet by Litecoin

December 20, 2021
BREAKOUT COMNG SOON! – RIPPLE XRP PRICE PREDICTION! – RIPPLE XRP 2021 – RIPPLE ANALYSIS

BREAKOUT COMNG SOON! – RIPPLE XRP PRICE PREDICTION! – RIPPLE XRP 2021 – RIPPLE ANALYSIS

December 20, 2021
An LTC Move Back to $150 Should Support ETH and XRP

An LTC Move Back to $150 Should Support ETH and XRP

December 20, 2021
Avalanche eyes 60% rally as AVAX price breaks out of bull flag

Avalanche eyes 60% rally as AVAX price breaks out of bull flag

December 20, 2021
Travel Co Travala.com Accepts Bitcoin Payments

Travel Co Travala.com Accepts Bitcoin Payments

December 20, 2021
Puerto Rico plans to combat corruption with blockchain

Puerto Rico plans to combat corruption with blockchain

December 20, 2021
Whales Control 94% of All ADA Supply | Only 10% of Wealthiest Cardano Addresses

Whales Control 94% of All ADA Supply | Only 10% of Wealthiest Cardano Addresses

December 20, 2021
Breaking down Resistance at $48,500 Remains Key for the Bitcoin (BTC) Bulls

Breaking down Resistance at $48,500 Remains Key for the Bitcoin (BTC) Bulls

December 20, 2021
City employees could see cryptocurrency payroll conversion options next year, first in nation

City employees could see cryptocurrency payroll conversion options next year, first in nation

December 20, 2021
Thursday, May 26, 2022
The Crypto Dirt
  • Home
  • Cryptocurrency
  • Blockchain
  • DeFi
  • NFT
  • Bitcoin
  • Ethereum
  • Altcoins
    • Cardano
    • XRP
    • Litecoin
    • Chainlink
  • Shit Coins
    • Dogecoin
  • Exchanges
No Result
View All Result
No Result
View All Result

Bitcoin (BTC) Reclaims $33,000 After Sweeping Lows

by TheCryptoDirt.com
June 23, 2021
in Bitcoin
0

[ad_1]

Bitcoin (BTC) broke down on June 22. falling to a low of $28,805. Nevertheless, it rallied again up virtually instantly, reaching a detailed of $32,509.

Whereas technical indicators are nonetheless bearish, the almost certainly wave depend signifies that the underside is in.

BTC breaks down and bounces

On June 22, BTC broke down and reached a low of $28,805. Nevertheless, it bounced virtually instantly after, making a bullish hammer candlestick within the course of (inexperienced icon). As well as, it managed to reclaim the $31,300 assist space within the course of.

Regardless of the rally, each day timeframe indicators are nonetheless bearish. The MACD sign line is damaging, the RSI is beneath 50, and the Stochastic oscillator has but to maneuver upwards.

The closest resistance space is discovered at $41,500.

BTC range

Potential breakout

The 2-hour chart reveals that BTC is within the strategy of breaking out from a descending resistance line that has been in place for the reason that June 15 excessive of $41,330.

The subsequent closest resistance ranges are at $35,070 and $36,540. These are the 0.5 and 0.618 Fib retracement resistance ranges.

Each the MACD and RSI are bullish, supporting the chance that the upward motion continues.

BTC resistance

Wave depend

Within the long-term, BTC is in or has simply accomplished wave 5 of a bearish impulse. This is able to full a longer-term wave A.

Whereas it’s legitimate, the fifth wave may be very brief, failing to even attain the size of wave one at $23,577.

BTC Count

The opposite risk is that your entire lower is a part of sub-wave one (purple).

Nonetheless, each potentialities predict BTC growing in the direction of not less than $35,000 and doubtlessly $36,500. Whether or not the rise is a three-wave or a five-wave construction will decide the course of the long run pattern.

BTC short-term

The correction after the unique upward motion (highlighted in black) was very shallow, failing to even attain the 0.382 Fib retracement resistance degree.

Due to this fact, it’s extra probably that it is a wave 2 moderately than a B wave, supporting the chance that wave 5 is finished and the underside is in.

Correction or impulse

For BeInCrypto’s newest bitcoin (BTC) evaluation, click here.

[ad_2]

Source link

YOU MAY ALSO LIKE

Travel Co Travala.com Accepts Bitcoin Payments

Celebrities that rode the crypto wave in 2021

Tags: BitcoinBTClowsreclaimsSweeping
ShareTweetShare

Search

No Result
View All Result
  • Privacy & Policy
  • About Us

© 2021 The Crypto Dirt  

No Result
View All Result
  • About Us
  • About Us
  • Attribution
  • Contact
  • Contact Us
  • Exchanges
  • Home
  • NFT
  • Privacy & Policy
  • Shit Coins

© 2021 The Crypto Dirt