BTC Still within Range as Sharp Correction Looms

News • 2020/11/24 • by

BTC price is currently facing a strong resistance close to $18,450 following the simple moving average of 100.

The $18,800 resistance price of Bitcoin stands. BTC is trading in a range, and there are chances of seeing a sharp correction if there is less than an $18,200 break.

It is also worth noting that Ripple and Ehereum also had a bullish run beyond the resistance level of $0.60 and $600, respectively.

Major signals

There are signs of Bearish of BTC price

There could be a sharp decline if BTC breaks below $18,200 and $18,050

Bitcoin failed to clear the $18,700 and $18,800 resistance level

If Bitcoin does not clear the $18,500 resistance, there are chances we see a downtrend soon. This can take it down to as low as below the $18,000 support level.

What are your predictions for the fall? Do you want to see the BTC/USD pair fall, or you want it to break the resistance limit?

Comments (4)

Guest

visiblemoney

6 years ago

In my opinion BTC will surpass the present resistant level to a new level above $19,000 mark.

exodusab

6 years ago

Bitcoin is still trading well below the key resistance area near the $18,700 and $19,200 levels. The price is now below $18,500 and the 100 hourly simple moving average.