ADVFN Logo

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

Trending Now

Toplists

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 discussion Register to chat with like-minded investors on our interactive forums.

BTCUSD Bitcoin

69,893.13
-843.38 (-1.19%)
08:20:29 - Realtime Data
Name Symbol Market Market Cap ($) Algorithm
Bitcoin BTCUSD Crypto 1,369,432,984,662 SHA-256d
  Price Change Price Change % Current Price Bid Price Offer
  -843.38 -1.19% 69,893.13 69,892.89 69,893.13
High Price Low Price Open Price Prev. Close 52 Week Range
70,941.70 69,714.63 70,830.25 70,751.67 24,750.00 - 73,835.57
Exchange Last Trade Size Trade Price Currency
GDAX 08:20:29 0.027758 69,893.13 USD
Price x Volume Volume Base Symbol Related Pairs
172,130,209.82 2,445.68 BTC BTCEUR BTCGBP ETHBTC

Bitcoin Price Just Saw Key Technical Correction, But 100 SMA Is Still Strong

03/02/2023 2:47am

NEWSBTC


Bitcoin price is correcting gains below the $24,000 zone. BTC is holding the $23,250 support and might attempt another increase in the near term. Bitcoin is correcting gains from the $24,250 resistance zone. The price is trading above $23,250 and the 100 hourly simple moving average. There is a major bullish trend line forming with support near $23,300 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could start a fresh increase if it stays above the $23,250 support zone. Bitcoin Price Remains Supported Bitcoin price attempted an upside break above the $24,000 resistance zone. BTC spiked above the $24,250 level, but there was no upside continuation. A high was formed near $24,282 before there was a downside correction. The price declined below the $24,000 level. There was a move below the 50% Fib retracement level of the upward wave from the $22,752 swing low to $24,282 high. However, the bulls seems to be active above the $23,250 support zone. Bitcoin price is still trading above $23,250 and the 100 hourly simple moving average. There is also a major bullish trend line forming with support near $23,300 on the hourly chart of the BTC/USD pair. The trend line is near the 61.8% Fib retracement level of the upward wave from the $22,752 swing low to $24,282 high. An immediate resistance is near the $23,950 level. The next major resistance is near the $24,250 zone. A clear move above the $24,250 resistance might start a decent increase. Source: BTCUSD on TradingView.com In the stated case, the price may perhaps rise towards the $25,000 level. The next resistance could be near the $25,500 level, above which btc price might test $26,200. Downside Break in BTC? If bitcoin price fails to clear the $23,950 resistance, it could continue to move down. An immediate support on the downside is near the $23,400 zone. The next major support is near the $23,250 zone or the 100 hourly simple moving average. A downside break below the $23,250 level might send the price towards the $22,650 level. Any more losses might send the price to $22,500 in the near term. Technical indicators: Hourly MACD – The MACD is now gaining pace in the bearish zone. Hourly RSI (Relative Strength Index) – The RSI for BTC/USD is now below the 50 level. Major Support Levels – $23,400, followed by $23,250. Major Resistance Levels – $23,950, $24,250 and $25,000.

1 Year Bitcoin Chart

1 Year Bitcoin Chart

1 Month Bitcoin Chart

1 Month Bitcoin Chart

Your Recent History

Delayed Upgrade Clock