Bitcoin News Today – Headlines for April 16
发布时间：2020-04-17 09:18:56 发布人：TokenString
Bitcoin News Today – Bitcoin has failed to break over the hurdle on the upside again, and it is now trading deep in the red. The bulls failed to push prices over the $6,900 and $7k hurdle points against the US dollar. The price of the digital currency is back in a bearish area and it looks poised for more losses towards the $6,200 and $6k marks.
Bitcoin Continues Its Downtrend after Failing to Break $6,900
Bitcoin (BTC) has been trapped beneath the $7k mark over the past few days. The price of the digital currency failed to surge over the $7k hurdle point and began a fresh downtrend. There was a sharp plunge below the $6,800 mark and the 100 hourly simple moving average. That move paved the way for more losses and the price of the digital currency plunged towards the $6,555 support mark.
Bitcoin plunged to a new weekly low of $6,476 before it started correcting higher. The digital currency just broke over the $6,555 and $6,600 marks a few hours ago. There was also a break over the 23.6 percent Fibonacci retracement level of the previous swing from the high of $6,984 to the low of $6,476.
Bitcoin (BTC) Price Today – BTC / USD
#
Name
Price
24H %
1
Bitcoin(BTC)
$7,066.22
7.72%
Nevertheless, the digital currency has several resistances to break on the upside. The immediate hurdle for the coin is close to the $6,730 mark. That represents the 50 percent Fibonacci retracement level of the previous swing from the high of $6,984 to the low of $6,476. The first major hurdle for the digital currency is close to the $6,800 mark and the 100 hourly simple moving average. There is also a formation of two major bearish trendlines with hurdles close to $6,790 and $6,960.
If the price of the digital currency breaks over its current levels, it is likely to encounter a strong selling interest close to $6,800. However, for Bitcoin to return to the positive territory, the bulls need to push prices over the $6,800 hurdle point and amass traction over the $7k hurdle point.
Bitcoin Looks Poised for More Downtrends
Once the present correction wave is complete, BTC is likely to resume its downtrend below the $6,600 mark. Below that level, the next support for the digital currency is close to the $6,555 mark, below which Bitcoin might struggle to hold gains over the $6,476 mark.
If the bulls fail to show up and push prices higher, Bitcoin might plunge towards the $6,200 support mark or the $6k pivot area in the near term.
Bitcoin News Today – Bitcoin has failed to break over the hurdle on the upside again, and it is now trading deep in the red. The bulls failed to push prices over the $6,900 and $7k hurdle points against the US dollar. The price of the digital currency is back in a bearish area and it looks poised for more losses towards the $6,200 and $6k marks.
Bitcoin Continues Its Downtrend after Failing to Break $6,900
Bitcoin (BTC) has been trapped beneath the $7k mark over the past few days. The price of the digital currency failed to surge over the $7k hurdle point and began a fresh downtrend. There was a sharp plunge below the $6,800 mark and the 100 hourly simple moving average. That move paved the way for more losses and the price of the digital currency plunged towards the $6,555 support mark.
Bitcoin plunged to a new weekly low of $6,476 before it started correcting higher. The digital currency just broke over the $6,555 and $6,600 marks a few hours ago. There was also a break over the 23.6 percent Fibonacci retracement level of the previous swing from the high of $6,984 to the low of $6,476.
Bitcoin (BTC) Price Today – BTC / USD
| # | Name | Price | 24H % |
|---|---|---|---|
| 1 |
|
$7,066.22 |
7.72%
|
Nevertheless, the digital currency has several resistances to break on the upside. The immediate hurdle for the coin is close to the $6,730 mark. That represents the 50 percent Fibonacci retracement level of the previous swing from the high of $6,984 to the low of $6,476. The first major hurdle for the digital currency is close to the $6,800 mark and the 100 hourly simple moving average. There is also a formation of two major bearish trendlines with hurdles close to $6,790 and $6,960.
If the price of the digital currency breaks over its current levels, it is likely to encounter a strong selling interest close to $6,800. However, for Bitcoin to return to the positive territory, the bulls need to push prices over the $6,800 hurdle point and amass traction over the $7k hurdle point.
Bitcoin Looks Poised for More Downtrends
Once the present correction wave is complete, BTC is likely to resume its downtrend below the $6,600 mark. Below that level, the next support for the digital currency is close to the $6,555 mark, below which Bitcoin might struggle to hold gains over the $6,476 mark.
If the bulls fail to show up and push prices higher, Bitcoin might plunge towards the $6,200 support mark or the $6k pivot area in the near term.
