Advertisement gissis bannerbitcoinbetgame.com

Bitcoin Price Analysis (BTC) 27/03/2019

  • The price of Bitcoin remained above the support of $ 3,850 and recovered above $ 3,940 against the US dollar.
  • The price rose and was set above the resistance levels of $ 3,900 and $ 3,940.
  • The crucial bearish trend line followed this week was cleared with resistance at $ 3,945 on the hourly chart of the BTC / USD pair (Kraken data source).
  • The pair is now back in a positive zone and could extend the gains above the $ 3,980 and $ 4,000 resistance.

The price of Bitcoin took a sharp turn from the new weekly lows against the US dollar. BTC is back above the pivotal level of $ 3,940 and could accelerate earnings above the $ 4,000 barrier in the short term.

Bitcoin price analysis

Yesterday, we saw a prolonged decrease in the price of Bitcoin below the support of $ 3,900 against the US dollar. The BTC / USD pair was negotiated at a new weekly minimum of $ 3,850. Later, the pair formed a decent support base near the $ 3,880 level. As a result, there was a strong rebound and the price rose above the resistance level of $ 3,900. More importantly, the price eliminated key resistances close to $ 3,920 and $ 3,940 (previous supports).

In addition, the bulls cleared the crucial bearish trend line followed this week with a resistance of $ 3,945 on the hourly chart of the BTC / USD pair. The pair was set above the resistance of $ 3,940 and the simple moving average of 100 hours. It even shot above the resistance of $ 3,980 and formed a new intraday high at $ 3,988. The price is currently consolidating below $ 3,988 and it seems that there could be more gains. On the downside, initial support is close to $ 3,955 and the Fibonacci retracement level of 23.6% of the recent wave from the minimum of $ 3,856 to $ 3,988.

However, the main support is close to the levels of $ 3,940 and $ 3,920. The Fibonacci retracement level of 50% of the recent wave from the minimum of $ 3,856 to the maximum of $ 3,988 is also close to the level of $ 3,920. On the positive side, the price is likely to accelerate above the resistance of $ 4,000 in the short term. The next stop for buyers could be about $ 4,020 or $ 4,040.

Looking at the Bitcoin price is pumped very well above the pivot level of $ 3, .940 and moves to a positive zone. The current price action is positive and suggests more earnings above $ 4,000 and $ 4,020. There are even chances of a new maximum above the resistance of $ 4,040. On the other hand, if there is a downward correction, it is likely that buyers will protect the support levels of $ 3,940 and $ 3,920.

Technical indicators:

MACD per hour: the MACD is gaining pace in the bullish zone.

RSI (Relative strength index) per hour: the RSI for BTC / USD increased considerably and is currently in the overbought area.

Main support levels: $ 3,940 followed by $ 3,920.

Main resistance levels: $ 4,000, $ 4,020 and $ 4,040.

If You Scam By Above Project Than Report This Review

#NameVolume (24H)CoinsTrading PairsAlexa RankBitcoin PriceOfficial Website
Coinworldstory
Coinworldstory.com Provide Latest Review From , ICO, Hyip, Bitcoin , Paid To Click , Blockchain Technology, Affiliate Marketing, Mlm, Etc .Our Team Expert In This Field And Provide Latest Information To Our Users. Thanks For Visiting Coinworldstory.com

Related posts

Share this post

PRESS RELEASES

Crypto Commonwealth: A Blockchain project en route to a world-leading publisher and asset manager

When there is a conversation about the biggest publishers in the field of science the...

Ixinium to Announce IEO Launching on December 5th on P2PB2B

The ever rising company looks to raise up to $100 million USD to build out...

LATEST NEWS

#NamePriceChanges 24H

TOP GAINERS

NamePriceChanges 24H
(GST)
GAME STARS
$0.00066949.76%
(BTX)
BITCORE
$0.196949.69%
(CAN)
CANYACOIN
$0.022149.21%
(ORS)
ORIGIN SPORT
$0.0076441.15%
(DWS)
DWS
$0.00022237.59%

TOP LOSERS

NamePriceChanges 24H
(EVED)
EVEDO
$0.00705-91.90%
(GOD)
BITCOIN GOD
$0.2467-23.90%
(DIG)
DIGNITY
$0.000638-19.32%
(UCT)
UBIQUE CHAIN OF THINGS (UCOT)
$0.00821-16.58%
(CRE)
CYBEREITS
$0.00104-16.42%
x