We could not find any results for:
Make sure your spelling is correct or try broadening your search.

Trending Now


It looks like you aren't logged in.
Click the button below to log in and view your recent history.

Hot Features

Registration Strip Icon for alerts Register for real-time alerts, custom portfolio, and market movers

Bitcoin's Value Fluctuation Highlights Possible Correction

Share On Facebook
share on Linkedin

Bitcoin’s value fluctuation highlights a possible correction, evident in the ongoing consolidation. Presently, BTCUSD struggles beneath the crucial $36,000 level, facing resistance-induced selling pressure. It suggests a potential dip into the discount zone, creating a liquidity void, before the uptrend resumes. This pattern signifies a temporary setback, a natural occurrence in market cycles where profit-taking and corrective phases pave the way for future uptrends.


The RSI offers valuable insights into market sentiment and potential price movements. The consolidation phase indicates a weakness in the strength of the bulls as they cease to buy more. This could trigger more sell orders as market participants become pessimistic. However, the overall trend remains bullish, and the impending downtrend is likely to end in a short time.

BTC Key Levels

Demand Levels: $31862.00, $28661.00, $24750.00
Supply Levels: $36000.00, $41020.00, $48240.00

 Bitcoin's Value Fluctuation Highlights Possible Correction

 What are the Indicators Saying?

On the daily chart, the market’s order flow remains bullish, yet the RSI (Relative Strength Index) signals an impending bearish correction. Owing to the bullish structure of the market as per the indication of the MA Cross, BTCUSD might resume its uptrend soon.


Learn from market wizards: Books to take your trading to the next level

CLICK HERE TO REGISTER FOR FREE ON ADVFN, the world's leading stocks and shares information website, provides the private investor with all the latest high-tech trading tools and includes live price data streaming, stock quotes and the option to access 'Level 2' data on all of the world's key exchanges (LSE, NYSE, NASDAQ, Euronext etc).

This area of the site is for independent financial commentary. These blogs are provided by independent authors via a common carrier platform and do not represent the opinions of ADVFN Plc. ADVFN Plc does not monitor, approve, endorse or exert editorial control over these articles and does not therefore accept responsibility for or make any warranties in connection with or recommend that you or any third party rely on such information. The information available at is for your general information and use and is not intended to address your particular requirements. In particular, the information does not constitute any form of advice or recommendation by ADVFN.COM and is not intended to be relied upon by users in making (or refraining from making) any investment decisions. Authors may or may not have positions in stocks that they are discussing but it should be considered very likely that their opinions are aligned with their trading and that they hold positions in companies, forex, commodities and other instruments they discuss.

Leave A Reply

Do you want to write for our Newspaper? Get in touch: