Bitcoin faces Triple price refusal resistance still exists – Tradingview News

During the past week of trading, Bitcoin (BTC) failed to make significant price breaks, experiences rejection in the region in the amount of $ 86,000. Although the market has suffered great price, high levels of movement in the side price indicates a strong insecurity of the investor.

It is interesting that the popular market analyst with KS username Daan CRIPTO has provides a transparent technical analysis on the BTC market, highlighting current barriers that limit the prices upwards.

Bitcoin multiple barriers: 200-day Ema, 200-day MA and diagonal trendline in focus

Since it was matched that he had matched the new time in late January, Bitcoin slipped into severe correction, losing over 22% of his market price. Most price losses are related to international trade crises, which forced investors to seek relief in less risky assets.

However, a break in new tariffs and the beginning of global negotiations soon followed the jump prices seen in early April. Although Bitcoin now struggles to stop 84,000 to $ 86,000, forming a narrow range of consolidation.

In performing technical analysis in the current BTC market, Daan Crypto identified three resistance factors that were active in a particular price zone.

The first price of the opposition is the diagonal of the prevention line formed by consistent lower lower letters and lower priced prices in the last three months. To determine any intention of reversal of the trend, Bikova Bitcoin must force persuasive ceaseing over this long-term diagonal resistance.

Other critical indicators are the 200-day exponential average (EMA) and 200-day simple average (MA), both provide average in the last 200 days “, and EMA give more difficulty to recent prices.

The 200-day EMA is important in applying the medium-term trend changes while reacting to any price change from the 200-day donkeys, which is a classic long-term indicator. However, Bitcoin must move above both indicators to be expelled from consolidation and may experience a full recovery of prices.

Bitcoin end resistance to $ 90,000 – $ 91,000

Despite the shore fights in the price of $ 84,000, Daan Cripto warned that the ultimate reversal test of the price of 90,000 to $ 91,000, which was in the earlier phase of bull-cycle.

Successful return This range would set Bitcoin back to the trading zone, signaling potentially continuing the wide bull market. At the time of pressure, BTC continues to trade within $ 84,868 after 0.13% of gains in the past. In the meantime, the daily scope of trading decreases by 42.34% and is valued at 12.52 billion dollars.