See these bitcoin prices, as the cryptocurrency decreased to less than 80 thousand dollars, amid tariff fears

Bitcoin (btcusdHe decreased to the bottom of the level of watching 80,000 dollars closely on Sunday evening, and followed The future of the American stock index A sharp decrease in extensive concerns about the effect of definitions.

the The pioneer of encrypted currency He decreased by 5 % to about 79,000 dollars, with market participants ready for more market fluctuations yet China responded on Friday To the recently announced Trump administration with a sweeping definition with retaliatory duties, which increased fears of a trading war that could lead to a Rawd all over the world.

Bitcoin also continues to face the pressure pressure from the references, which is an event where the prices have fallen forced the merchants to sell their upward bets on the encrypted currency at a confusion. According to the Crypto Analysis website CoinglassBitcoin suffered from $ 250 million in long References over the past 24 hours, which is the highest amount since March 7. Bitcoin’s currency decreased by 15 % so far more than twice last year on expectations Organizational The back wind.

Below, we take a closer look at the Bitcoin chart and apply Technical analysis To determine the main price levels, it deserves to be seen in the midst of the sale of the global market, which is moved by the customs tariff.

The cross of death in focus

After falling below Mobile average for 200 days (MA) Last month, the price of Bitcoin was unified within a The growing wedge Before collapsing the bottom pattern in late March, indicating a continued decrease.

In fact, the price of the encrypted currency continued The declining directionWith the acceleration of Sunday evening, shortly after Side drift. It is also worth noting The Cross of DeathThe graph pattern that warns of selling.

Let’s define three key Support levels On the Bitcoin chart, which may monitor investors, as well as locate a major upper area during potential recovery efforts in the price of encrypted currency.

The main support levels for viewing

A separation Below may witness a decrease last month to move to about 74,000 dollars. This area on the Bitcoin scheme may provide support near several months Trendline Who links the prominent march last year summit And the rise in late October, which preceded the November elections.

Bulls failed to defend this important idiomatic The level can lead to a decrease to the level of $ 65,000. The price of Cryptocurrency may attract support in this region near August and September Peak last year, which is closely consistent with the October Basin.

Interestingly, this site also sits in the same neighborhood as the goal of the expected negative pattern of Bitcoin’s move from late January to early March and re -placing it from the Redge Rianing pattern.

More sale can bring 57,000 dollars to play. Investors may look at accumulation Bitcoin near May Low swingWith the area that also sits over three prominent basins formed on the graph between July and September.

Alawite main area

During potential recovery efforts at Bitcoin, investors should monitor the $ 87,000 region. This region currently provides a file Convergence From public expenditures resistance From MAS 50 and 200 days and a set of similar trading levels on the chart that extends to early November last year.

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As of the date of writing this article, the author does not have any of the above -mentioned securities.