Xarabek
  • Home
  • Crypto
    • Bitcoin
    • Ethereum
    • Altcoins
    • NFT
    • DeFi
  • Learn
    Why Decentralized Exchanges Are On Rise? Can INNODEX Surpass Binance and Uniswap?

    Why Decentralized Exchanges Are On Rise? Can INNODEX Surpass Binance and Uniswap?

    Best Crypto Exchange Affiliate Programs in 2023

    Best Crypto Exchange Affiliate Programs in 2023

    What does Crypto Index fund Means and How to Invest?

    What does Crypto Index fund Means and How to Invest?

    Who Will Reach $1 First In 2023?

    Who Will Reach $1 First In 2023?

    5 Best New BSC Cryptocurrencies To Invest In 2023

    5 Best New BSC Cryptocurrencies To Invest In 2023

    Investing Penny Stocks? 5 Crypto Stocks To Watch Now

    Investing Penny Stocks? 5 Crypto Stocks To Watch Now

    5 Reasons Why Shiba Inu Will Rule The Crypto Market In 2023

    5 Reasons Why Shiba Inu Will Rule The Crypto Market In 2023

    Top 5 Cryptocurrencies Under $1 that Will Explode in January 2023

    Top 5 Cryptocurrencies Under $1 that Will Explode in January 2023

    Chinese New Year And Bitcoin Will There Finally Be Fireworks For The King

    Chinese New Year And Bitcoin Will There Finally Be Fireworks For The King

  • Analysis
    Solana Surges 15%, Is This Just Start Of A Larger Increase?

    Solana Surges 15%, Is This Just Start Of A Larger Increase?

    MakerDAO Secures $6 Billion For Treasury Bill Investments As MKR Dominates 2023

    MakerDAO Secures $6 Billion For Treasury Bill Investments As MKR Dominates 2023

    MATIC Price Rally Threatened As Whales Deposit Millions Of Tokens To Exchanges

    MATIC Price Rally Threatened As Whales Deposit Millions Of Tokens To Exchanges

    Crypto CEO Very Bullish On XRP Price, Sets Make Or Break Point

    Crypto CEO Very Bullish On XRP Price, Sets Make Or Break Point

    Analyst Predicts 130% Rally To $18

    Analyst Predicts 130% Rally To $18

    MATIC Price Downtrend Halted As Google Cloud Joins Polygon Network

    MATIC Price Downtrend Halted As Google Cloud Joins Polygon Network

    TRX Eyes Bullish Break While Bitcoin and ETH Struggle

    TRX Bulls Keeps Pushing, Why Rally Isn’t Over Yet

    Ether Futures ETFs Poised For October 3 Approval

    Ether Futures ETFs Poised For October 3 Approval

    Crypto Analyst Predicts 1160% Surge

    Crypto Analyst Predicts 1160% Surge

  • Play2Earn
    StarGarden Closing, Perhaps Temporarily – Play to Earn

    StarGarden Closing, Perhaps Temporarily – Play to Earn

    Legacy Announces October Release Date

    Legacy Announces October Release Date

    Sail Into Season Two of Gods Unchained

    Sail Into Season Two of Gods Unchained

    Design a Boss Skin for Boss Fighters

    Design a Boss Skin for Boss Fighters

    Join the Synergy Land Early Access Playtest

    Join the Synergy Land Early Access Playtest

    Use AI to Design in Gabby World Beta

    Use AI to Design in Gabby World Beta

    Big Time Preseason Launch – Play to Earn

    Big Time Preseason Launch – Play to Earn

    Zynga Announces Web3 Game Sugartown

    Sugartown Staking, NGMI Alpha Event, and More

    Splinterlands Downsizing Again – Play to Earn

    Splinterlands Downsizing Again – Play to Earn

  • Investment
    • subscription packages
  • Strategy
  • Market Cap
  • Tutorial
  • Shop
No Result
View All Result
Xarabek
  • Home
  • Crypto
    • Bitcoin
    • Ethereum
    • Altcoins
    • NFT
    • DeFi
  • Learn
    Why Decentralized Exchanges Are On Rise? Can INNODEX Surpass Binance and Uniswap?

    Why Decentralized Exchanges Are On Rise? Can INNODEX Surpass Binance and Uniswap?

    Best Crypto Exchange Affiliate Programs in 2023

    Best Crypto Exchange Affiliate Programs in 2023

    What does Crypto Index fund Means and How to Invest?

    What does Crypto Index fund Means and How to Invest?

    Who Will Reach $1 First In 2023?

    Who Will Reach $1 First In 2023?

    5 Best New BSC Cryptocurrencies To Invest In 2023

    5 Best New BSC Cryptocurrencies To Invest In 2023

    Investing Penny Stocks? 5 Crypto Stocks To Watch Now

    Investing Penny Stocks? 5 Crypto Stocks To Watch Now

    5 Reasons Why Shiba Inu Will Rule The Crypto Market In 2023

    5 Reasons Why Shiba Inu Will Rule The Crypto Market In 2023

    Top 5 Cryptocurrencies Under $1 that Will Explode in January 2023

    Top 5 Cryptocurrencies Under $1 that Will Explode in January 2023

    Chinese New Year And Bitcoin Will There Finally Be Fireworks For The King

    Chinese New Year And Bitcoin Will There Finally Be Fireworks For The King

  • Analysis
    Solana Surges 15%, Is This Just Start Of A Larger Increase?

    Solana Surges 15%, Is This Just Start Of A Larger Increase?

    MakerDAO Secures $6 Billion For Treasury Bill Investments As MKR Dominates 2023

    MakerDAO Secures $6 Billion For Treasury Bill Investments As MKR Dominates 2023

    MATIC Price Rally Threatened As Whales Deposit Millions Of Tokens To Exchanges

    MATIC Price Rally Threatened As Whales Deposit Millions Of Tokens To Exchanges

    Crypto CEO Very Bullish On XRP Price, Sets Make Or Break Point

    Crypto CEO Very Bullish On XRP Price, Sets Make Or Break Point

    Analyst Predicts 130% Rally To $18

    Analyst Predicts 130% Rally To $18

    MATIC Price Downtrend Halted As Google Cloud Joins Polygon Network

    MATIC Price Downtrend Halted As Google Cloud Joins Polygon Network

    TRX Eyes Bullish Break While Bitcoin and ETH Struggle

    TRX Bulls Keeps Pushing, Why Rally Isn’t Over Yet

    Ether Futures ETFs Poised For October 3 Approval

    Ether Futures ETFs Poised For October 3 Approval

    Crypto Analyst Predicts 1160% Surge

    Crypto Analyst Predicts 1160% Surge

  • Play2Earn
    StarGarden Closing, Perhaps Temporarily – Play to Earn

    StarGarden Closing, Perhaps Temporarily – Play to Earn

    Legacy Announces October Release Date

    Legacy Announces October Release Date

    Sail Into Season Two of Gods Unchained

    Sail Into Season Two of Gods Unchained

    Design a Boss Skin for Boss Fighters

    Design a Boss Skin for Boss Fighters

    Join the Synergy Land Early Access Playtest

    Join the Synergy Land Early Access Playtest

    Use AI to Design in Gabby World Beta

    Use AI to Design in Gabby World Beta

    Big Time Preseason Launch – Play to Earn

    Big Time Preseason Launch – Play to Earn

    Zynga Announces Web3 Game Sugartown

    Sugartown Staking, NGMI Alpha Event, and More

    Splinterlands Downsizing Again – Play to Earn

    Splinterlands Downsizing Again – Play to Earn

  • Investment
    • subscription packages
  • Strategy
  • Market Cap
  • Tutorial
  • Shop
No Result
View All Result
Xarabek
No Result
View All Result

Bitcoin Bears Are Back, Why BTC Could Even Dive Below $60K

2021-11-16
in Analysis
0
Ethereum Corrects Sharply, What Could Spark Fresh Increase
74
SHARES
1.2k
VIEWS
Share on FacebookShare on Twitter

Bitcoin value didn’t settle above $65,000 towards the US Greenback. BTC began a recent decline, and it’d lengthen losses under the $60,000 help.

  • Bitcoin began a recent decline from the $66,400 resistance zone.
  • The value is now buying and selling nicely under $65,000 and the 100 hourly easy shifting common.
  • There was a break under a serious rising channel with help close to $64,400 on the hourly chart of the BTC/USD pair (knowledge feed from Kraken).
  • The pair may lengthen losses under the $61,200 and $60,500 help ranges within the close to time period.

Bitcoin Worth Begins Contemporary Decline

Bitcoin value failed to realize power above the $66,000 resistance zone. BTC topped close to $66,400 and began a recent decline. There was a serious decline under the $65,000 help degree and the 100 hourly easy shifting common.

The value even traded under the $63,500 and $63,000 help ranges. Apart from, there was a break under a serious rising channel with help close to $64,400 on the hourly chart of the BTC/USD pair. The bears gained momentum for a transfer under the $62,000 help zone.

A low is fashioned close to $61,126 and the worth is now consolidating losses. On the upside, an instantaneous resistance is close to the $62,000 degree. The primary main resistance is close to the $62,400 degree. It’s near the 23.6% Fib retracement degree of the latest decline from the $66,349 swing excessive to $61,126 low.

A transparent break above $62,400 resistance could probably name open the doorways for a gentle restoration. The following main resistance sits close to the $63,000 degree. The principle breakout resistance is now forming close to the $63,750 degree.

Bitcoin Price

Supply: BTCUSD on TradingView.com

The 50% Fib retracement degree of the latest decline from the $66,349 swing excessive to $61,126 low can be close to the $63,750 degree to behave as a key hurdle.

Extra Losses in BTC?

If bitcoin fails to get well above the $63,000 resistance zone, it may lengthen decline. A direct help on the draw back is close to the $61,200 degree.

The primary main help is now forming close to the $61,000 degree. The following main help is close to the $60,000 degree, under which the bulls may battle to maintain the worth within the inexperienced zone within the short-term.

Technical indicators:

Hourly MACD – The MACD is now gaining tempo within the bearish zone.

Hourly RSI (Relative Energy Index) – The RSI for BTC/USD is now within the oversold zone.

Main Help Ranges – $61,200, adopted by $60,000.

Main Resistance Ranges – $62,400, $63,000 and $63,750.

Source link

You might also like

Solana Surges 15%, Is This Just Start Of A Larger Increase?

MakerDAO Secures $6 Billion For Treasury Bill Investments As MKR Dominates 2023

MATIC Price Rally Threatened As Whales Deposit Millions Of Tokens To Exchanges

Tags: 60KBearsBitcoinBTCDive
Share30Tweet19

Recommended For You

Solana Surges 15%, Is This Just Start Of A Larger Increase?

2023-10-02
0
Solana Surges 15%, Is This Just Start Of A Larger Increase?

Solana is surging above the $23.50 resistance towards the US Greenback. SOL worth might speed up additional larger if it clears the $25.00 resistance zone. SOL worth is...

Read more

MakerDAO Secures $6 Billion For Treasury Bill Investments As MKR Dominates 2023

2023-10-01
0
MakerDAO Secures $6 Billion For Treasury Bill Investments As MKR Dominates 2023

In keeping with a Bloomberg report, MakerDAO, one of many distinguished decentralized lenders in cryptocurrency, has reaffirmed its choice to speculate billions of {dollars} in US authorities bonds....

Read more

MATIC Price Rally Threatened As Whales Deposit Millions Of Tokens To Exchanges

2023-10-01
0
MATIC Price Rally Threatened As Whales Deposit Millions Of Tokens To Exchanges

Bitcoin has recovered during the last day after gaining momentum from the Valkyrie Ethereum ETF information and pulling up the likes of the MATIC worth. This has led...

Read more

Crypto CEO Very Bullish On XRP Price, Sets Make Or Break Point

2023-09-30
0
Crypto CEO Very Bullish On XRP Price, Sets Make Or Break Point

Following its victory towards the US Securities and Alternate Fee, the XRP value has been displaying bullish sentiments, successfully gaining the eye of long-term traders in search of...

Read more

Analyst Predicts 130% Rally To $18

2023-09-30
0
Analyst Predicts 130% Rally To $18

The LINK value is not any stranger to bullish rallies, and in September alone, the token has gone from a low of $5.8 to a peak of $7.9....

Read more
Next Post
Bitcoin, Ethereum Price Prediction Today: October 28, 2021

Bitcoin (BTC) Tanks 8%, Will It Go Under $60,000?

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Related News

The Sandbox and VoxoDeus Game Jam Event Starts June 13

The Sandbox and VoxoDeus Game Jam Event Starts June 13

2022-06-12
Between ‘The Path to the Merge’ and ETH ‘gas fees’- Here’s the latest

Between ‘The Path to the Merge’ and ETH ‘gas fees’- Here’s the latest

2022-05-06
BCH drops below crucial support, here’s how much farther it can fall

BCH drops below crucial support, here’s how much farther it can fall

2022-01-18

Browse by Category

  • Altcoins
  • Analysis
  • Bitcoin
  • Crypto
  • DeFi
  • Education
  • Ethereum
  • Investment
  • Learn About Crypto
  • NC
  • NFT
  • Play2Earn
  • Strategy
  • Uncategorized

ABOUT US

Our mission is to develop a community of people who try to make financially sound decisions. The website strives to educate individuals in making wise choices about Cryptocurrencies, Investment, Market, and more.

Referall

https://bit.ly/2Y2f9sP

CATEGORIES

  • Altcoins
  • Analysis
  • Bitcoin
  • Crypto
  • DeFi
  • Education
  • Ethereum
  • Investment
  • Learn About Crypto
  • NC
  • NFT
  • Play2Earn
  • Strategy
  • Uncategorized

NEWSLETTER

  • Contact
  • Terms & Conditions
  • Privacy Policy

© 2021 Xarabek - All rights reserved

No Result
View All Result
  • Home
  • Crypto
    • Bitcoin
    • Ethereum
    • Altcoins
    • NFT
    • DeFi
  • Learn
  • Analysis
  • Play2Earn
  • Investment
    • subscription packages
  • Strategy
  • Market Cap
  • Tutorial
  • Shop

© 2021 Xarabek - All rights reserved

  • RelevantRelevant(REL)$0.825.35%
  • YAM v2YAM v2(YAMV2)$4.70-1.41%
  • PolkaBridgePolkaBridge(PBR)$0.439876-7.02%
  • B20B20(B20)$0.4507925.62%
  • BitballBitball(BTB)$0.0019770.37%
  • CornichonCornichon(CORN)$0.073096-0.86%
  • MoonToolsMoonTools(MOONS)$13.810.00%
  • StacyStacy(STACY)$0.0007100.00%
  • Lunch MoneyLunch Money(LMY)$0.0004180.00%
  • DSLA ProtocolDSLA Protocol(DSLA)$0.003679-6.88%