Bitcoin Technical analysis

Note: This section contains information in English only.
Source: Dukascopy Bank SA
Bitcoin is experiencing a short-term correction within a larger bullish trend. The long-term uptrend is still intact as the price remains above the 180-day Simple Moving Average (SMA), but the short-term picture has turned bearish with the price falling below the 30 and 90-day SMAs.



This bearish momentum is confirmed by the RSI, which is currently below the 50 midline. This price action brings several key levels into focus: immediate resistance lies at the 90-day SMA, with the major hurdle for bulls at the recent high of $122,300. On the downside, the most critical support zone is at $102,800, a strong area where previous resistance may now act as a floor, coinciding with the 180-day SMA. Therefore, the most likely bearish scenario involves a test of this $102,800 support, while a bullish reversal would require the price to first reclaim the 90-day SMA before making another attempt at the $122,300 resistance.

Actual Topics

Subscribe to "Fundamental Analysis" feed

Subscribe
Aby dowiedzieć się więcej o handlu Forex/CFD na platformie Dukascopy Banku, rynku SWFX oraz innych rzeczy związanych z handlem,
zadzwoń do nas lub poproś o oddzwonienie.
For further information regarding potential cooperation,
please call us or make callback request.
Aby dowiedzieć się więcej o Opcjach Binarnych w Banku Dukascopy / platformach handlowych Forex, SWFX, oraz innych,
zadzwoń do nas lub pozostaw prośbę o oddzwonienie.
Aby dowiedzieć się więcej o handlu Forex/CFD na platformie Dukascopy Banku, rynku SWFX oraz innych rzeczy związanych z handlem,
zadzwoń do nas lub poproś o oddzwonienie.
To learn more about Crypto Trading / CFD / Forex trading platform, SWFX and other trading related information,
please call us or make callback request.
To learn more about Business Introducer and other trading related information,
please call us or make callback request.
For further information regarding potential cooperation,
please call us or make callback request.