Bitcoin Price Analysis: Strong Selling With Weekly Level Getting Tested

Bitcoin Price Analysis: Strong Selling With Weekly Level Getting Tested | Bitcoin Magazine

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Bitcoin Price Analysis: Strong Selling With Weekly Level Getting Tested

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by Bitcoin Schmitcoin
Bitcoin Price Analysis: Strong Selling With Weekly Level Getting Tested 1
Bitcoin Price Analysis: Strong Selling With Weekly Level Getting Tested

[youtube https://www.youtube.com/watch?v=rYn6LgidPvM?feature=oembed&w=480&h=270]

Summary:

  1. The market is seeing a current rejection of the weekly level outlined in 2018’s bull market. The zone between $8,300 and $8,400 has a strong point of interest in the previous bear market and we are currently seeing high levels of supply surface as people take profit.
  2. If we fail to break the $8,400 level, we can expect to see a retest of $7,400 and potentially even a deeper dive into the $6,800s as this represents another macro, weekly level and has yet to see a very strong test of demand.
  3. The overall market structure is incredibly bullish on high time frames, but the immediate market structure on the four-hour and hourly candles could see some volatility as weaker hands get shaken from their positions.

Trading and investing in digital assets like bitcoin is highly speculative and comes with many risks. This analysis is for informational purposes and should not be considered investment advice. Statements and financial information onBitcoin Magazine and BTC Inc sites do not necessarily reflect the opinion of BTC Inc and should not be construed as an endorsement or recommendation to buy, sell or hold. Past performance is not necessarily indicative of future results.

2019 BTC Inc.
Bitcoin Price Analysis: Strong Selling With Weekly Level Getting Tested 2
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bitcoin
Bitcoin (BTC) $ 34,308.00
ethereum
Ethereum (ETH) $ 1,970.84
tether
Tether (USDT) $ 0.997616
binance-coin
Binance Coin (BNB) $ 304.42
cardano
Cardano (ADA) $ 1.35
dogecoin
Dogecoin (DOGE) $ 0.265899
xrp
XRP (XRP) $ 0.661746
usd-coin
USD Coin (USDC) $ 0.997117
polkadot
Polkadot (DOT) $ 15.90
binance-usd
Binance USD (BUSD) $ 0.996063
USD
EUR
GBP
bitcoinBitcoin (BTC)
$ 34,308.00
ethereumEthereum (ETH)
$ 1,970.84
tetherTether (USDT)
$ 0.997616
bitcoin-cashBitcoin Cash (BCH)
$ 481.07
litecoinLitecoin (LTC)
$ 132.97
bitcoinBitcoin (BTC)
28.773,26
ethereumEthereum (ETH)
1.652,89
tetherTether (USDT)
0,836676
bitcoin-cashBitcoin Cash (BCH)
403,46
litecoinLitecoin (LTC)
111,52
bitcoinBitcoin (BTC)
24,631.26
ethereumEthereum (ETH)
1,414.95
tetherTether (USDT)
0.716233
bitcoin-cashBitcoin Cash (BCH)
345.38
litecoinLitecoin (LTC)
95.47

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CryptoCurrencyUSDChange 1hChange 24hChange 7d
Bitcoin34,492 1.79 % 3.69 % 9.69 %
Ethereum1,972.6 2.27 % 1.59 % 17.14 %
Tether0.9976 0.10 % 0.09 % 0.53 %
Binance Coin304.68 2.88 % 4.17 % 13.74 %
Cardano1.360 2.53 % 10.32 % 8.90 %
Dogecoin0.2671 1.26 % 14.37 % 13.18 %
XRP0.6615 3.41 % 2.80 % 21.71 %
USD Coin1.000 0.24 % 0.33 % 0.53 %
Polkadot15.95 4.68 % 3.26 % 29.26 %
Binance USD1.000 0.27 % 0.18 % 0.36 %

bitcoin
Bitcoin (BTC) $ 34,308.00
ethereum
Ethereum (ETH) $ 1,970.84
tether
Tether (USDT) $ 0.997616
binance-coin
Binance Coin (BNB) $ 304.42
cardano
Cardano (ADA) $ 1.35
dogecoin
Dogecoin (DOGE) $ 0.265899
xrp
XRP (XRP) $ 0.661746
usd-coin
USD Coin (USDC) $ 0.997117
polkadot
Polkadot (DOT) $ 15.90
binance-usd
Binance USD (BUSD) $ 0.996063