Bitcoin is the largest actor in the crypto money market $109,538.34After his high performance recently, he began to give signals of slowing down. Bitcoin, a significant increase in a short time, climbed over $ 110 thousand from $ 75 thousand. However, in the current situation, the price is around 108 thousand dollars and tests the rising trend line.
Important indicators in technical analysis
Experts, Bitcoin’s price movements in the last month, there are some attention in the technical analysis, he says. The indicator based on the 30 -day price change (Rate of Change) points to a deviation, which means “bear trend”. Such deviations are characterized by the absence of a similar increase in momentum indicators while the asset price continues to increase. This may indicate a potential weakening or a short -term price correction.
The Roc indicator shows that despite the strong rise of Bitcoin in the short term, the momentum can weaken. The figures indicate that the momentum does not form new peaks as Bitcoin’s price increases. This may cause the possibility of fluctuating or withdrawing in the short term in prices.
MACD indicator and market perception
The convergence and Iraqi indicator of the moving averages frequently used in technical analysis (MACD) turned negative in the light of recent developments. MacD’s negative signal may indicate that the momentum is reduced in the market and a possible downward movement is strengthened. Analysts recommend that this indicator should be followed closely.
In addition to these technical indicators, important psychological levels that affect Bitcoin’s price behavior continue to exist. In particular, after the recent rise, the level of 100 thousand dollars may serve as support.
Market dynamics and basic effects
While there was no significant purchase movement in Bitcoin in the last 24 hours, some companies will invest in large amounts of crypto assets. Analysts say that such news can have a temporary effect on the market, but price movements are mainly shaped by technical indicators.
Omkar Godbole: “The decline in Bitcoin’s 30 -day price change indicator is not compatible with rising prices, and this may be a signal of movement direction change in the short term.”
On the other hand, long -term indicators show that a positive atmosphere continues to occur in the market. In particular, the positive intersection of 50 and 200 -day -day moving averages is considered a positive sign by some analysts. Such technical levels are important for investors to understand the general market direction.
The latest developments in Bitcoin’s technical analysis pointed out that the price is a significant resistance in the short term, and that significant indicators point to a weakening upward momentum. While the level of 100 thousand dollars in the short term stands out as a critical support, long -term technical structural indicators show that the market generally appeared in a positive appearance. Analysts draw attention to the importance of investors’ simultaneous evaluation of both technical and market news.
Responsibility Rejection: The information contained in this article does not contain investment advice. Investors should be aware that crypto currencies carry high volatility and thus risk and carry out their operations in line with their own research.
