empty
 
 
vi
Hỗ trợ
Mở tài khoản ngay lập tức
Tải nền tảng giao dịch Metatrader
Khởi động WebTrader

25.08.202309:57 Forex Analysis & Reviews: Bitcoin: bearish bias intact

Bitcoin is trading in the red at 26,016 at the time of writing. The downside pressure remains high, so more declines are natural. After the last sell-off, temporary rebounds are natural. Still, the bias remains bearish, so more declines are natural.

In the last 24 hours, BTC/USD is down by 1.75% and by 2.14% in the last 7 days. Bitcoin's deeper drop should force the altcoins to drop as well.

BTC/USD Range Formation!

Exchange Rates 25.08.2023 analysis

From the technical point of view, the price failed to stabilize above the descending pitchfork's median line (ML) signaling strong downside pressure.

In the short term, it's trapped between 26,813 and 25,601 levels. As you already know from my previous analyses, the bias remains bearish as long as it stays below the median line (ML).

BTC/USD Outlook!

Dropping and closing below 25,601 announces more declines. This is seen as a selling opportunity.

*Phân tích thị trường được đăng tải ở đây có nghĩa là để gia tăng nhận thức của bạn, nhưng không đưa ra các chỉ dẫn để thực hiện một giao dịch.

Ralph Shedler,
Analytical expert of InstaSpot
© 2007-2024
Benefit from analysts’ recommendations right now
Top up trading account
Open trading account

InstaSpot analytical reviews will make you fully aware of market trends! Being an InstaSpot client, you are provided with a large number of free services for efficient trading.

Earn on cryptocurrency rate changes with InstaSpot
Download MetaTrader 4 and open your first trade
Không thể nói chuyện ngay bây giờ?
Đặt câu hỏi của bạn trong phần trò chuyện.