Bitcoin/TetherShort
đź”´ Be ready for 25k BTC
Updated
The price of Bitcoin is $27,460 today with a 24hour trading volume of 8.6 billion dollar. This represents a -3% price decline in the last 24 hours and a -6% price decline in the past 7 days
In terms of technical analysis, it is not looking good for Bitcoin in the short term. The MACD line is below the neutral zone, indicating that there are more sellers than buyers in the market.
We have a Head & Shoulders pattern completed on daily and we are testing the neckline of the one, looking for a correction to 25k in case we break below the neckline and confirm the pattern
we have two important support levels, the orange line which shows the daily uptrend and blue one at 27k, bulls lost point of control at 28k and today candle is under EMA 50
Bitcoin has been underperforming since the United States inflation figures came out earlier this week. The inflation figure in the United States remains high, indicating that the Federal Reserve could continue with its interest rate hikes however, if the Federal Reserve pauses its rate hikes, assets like Bitcoin could be one of the biggest winners
In terms of technical analysis, it is not looking good for Bitcoin in the short term. The MACD line is below the neutral zone, indicating that there are more sellers than buyers in the market.
We have a Head & Shoulders pattern completed on daily and we are testing the neckline of the one, looking for a correction to 25k in case we break below the neckline and confirm the pattern
we have two important support levels, the orange line which shows the daily uptrend and blue one at 27k, bulls lost point of control at 28k and today candle is under EMA 50
Bitcoin has been underperforming since the United States inflation figures came out earlier this week. The inflation figure in the United States remains high, indicating that the Federal Reserve could continue with its interest rate hikes however, if the Federal Reserve pauses its rate hikes, assets like Bitcoin could be one of the biggest winners
Note
Today, a address transferred 10,000 BTC (about $267 million) to Coinbase. On May 12, this address has transferred 10,000 BTC to Coinbase, when the BTC price was $27,620Note
Federal Reserve Chair Jerome Powell said the stress in the banking system could mean the central bank won’t have to raise interest rates as high as otherwise to slow the economy. Some officials, including Powell, have hinted that they might pause rate increases to assess the effects of the banking sector strainsNote
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here we are
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Trade closed: target reached
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Trade closed: target reached
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Trade closed: target reached
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Trade active
Trade active
Trade active
Trade active
how much you made so far?
easy short?
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