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出售和存储加密货币 Bitcoin (BTC)

TA: Bitcoin Price Trades Heavy, Why BTC Could Soon Test $20K

Bitcoin price remained well bid above the $21,000 support zone. BTC formed a base above $21,000 and started a consolidation phase.

There was a minor upward move above the $21,250 and $21,350 levels. The price was able to surpass 出售和存储加密货币 Bitcoin (BTC) the $21,500 level and the 100 hourly 出售和存储加密货币 Bitcoin (BTC) simple moving average. However, the bears were active near the $21,640 resistance zone.

It seems 出售和存储加密货币 Bitcoin (BTC) like the 23.6% Fib retracement level of the main drop from the $24,415 出售和存储加密货币 Bitcoin (BTC) swing high to $20,797 low is acting 出售和存储加密货币 Bitcoin (BTC) as a strong resistance. Bitcoin price is now trading above the $21,200 level and the 出售和存储加密货币 Bitcoin (BTC) 100 hourly simple moving average.

On the upside, an immediate resistance is near the $21,500 and $21,640 levels. The first major resistance on the upside sits near the $22,000 level.

If there is an upside break above the $22,000 resistance zone, the price may perhaps rise towards the $22,500 resistance zone. There is also a key bearish trend line forming with resistance near $22,500 on the hourly chart of the BTC/USD pair.

Bitcoin Price

The trend line is near the 50% Fib retracement level of the main drop from the $24,415 swing high to $20,797 low. Any more gains might send the price towards the $23,000 resistance zone.

Fresh Decline in BTC?

If bitcoin fails to clear the 出售和存储加密货币 Bitcoin (BTC) $22,000 resistance zone, it could continue to move down. An immediate support on the downside is near the $21,000 level.

The next major support now sits near the $20,800 level. A clear move below the $20,800 support and the last swing low might spark a fresh decline. In the stated case, the price might decline towards the $20,出售和存储加密货币 Bitcoin (BTC) 000 level.

Hourly MACD – The MACD is now losing pace in the bearish zone.

Hourly RSI (Relative Strength Index) – The RSI for BTC/USD is now near the 50 level.

Bitcoin 出售和存储加密货币 Bitcoin (BTC) drop weighs on crypto ETFs

3d rendering cryptocurrency price collapse crisis.

Exchange traded funds focused on Bitcoin (BTC-USD) have come under pressure on Friday as the cryptocurrency dropped 8.6% in Friday's early trading, falling below $21.5K.

Four funds in particular that are on the move are the ProShares Bitcoin Strategy ETF ( NYSEARCA:BITO ), Valkyrie Bitcoin Strategy ETF ( NASDAQ:出售和存储加密货币 Bitcoin (BTC) BTF ), VanEck Bitcoin Strategy ETF ( XBTF ) and the ProShares Short Bitcoin Strategy ETF ( NYSEARCA:BITI ).

Early into the session, BITO, BTF, and XBTF found themselves lower by 8.5% , 8.5% and 8.3% , respectively. All three funds track the price of bitcoin through the use 出售和存储加密货币 Bitcoin (BTC) of bitcoin futures contracts, which allow the funds 出售和存储加密货币 Bitcoin (BTC) 出售和存储加密货币 Bitcoin (BTC) to mimic the price moves of the underlying crypto asset.

At the same time, BITI was +8.4% early Friday, as it is an inverse bitcoin exchange traded fund that moves in opposite parallel to the price of cryptocurrency.

Bitcoin’s drop in price has now erased all of its August gains, with the crypto falling 出售和存储加密货币 Bitcoin (BTC) to its lowest level since July 27.

Year-to-date 出售和存储加密货币 Bitcoin (BTC) price action: BTC-USD -54.6% , BITO -54.4% , BTF -49.9% , XBTF -49.8% , and BITI -6.1% .

Elsewhere in the sector, the fall in Bitcoin has pulled down related crypto-based stocks.

Is Bitcoin (BTC) a great investment? — #BeforeYouBuyCrypto #1

All you need to know about Bitcoin 出售和存储加密货币 Bitcoin (BTC) before you invest

Hey, everyone! Welcome to a new series I’m starting called #BeforeYouBuyCrypto.

Mimicing Gameranx’s 出售和存储加密货币 Bitcoin (BTC) videos, this series will focus on overviewing cryptocurrencies…

Bitcoin 出售和存储加密货币 Bitcoin (BTC) drop weighs on crypto ETFs

3d rendering cryptocurrency price collapse crisis.

Exchange traded funds focused on Bitcoin (BTC-USD) have come under pressure on Friday as the cryptocurrency dropped 8.6% in Friday's early trading, falling below $21.5K.

Four funds in particular that are on the move are the ProShares Bitcoin Strategy ETF ( NYSEARCA:BITO ), Valkyrie Bitcoin Strategy ETF ( NASDAQ:BTF ), VanEck Bitcoin Strategy ETF ( XBTF ) and the 出售和存储加密货币 Bitcoin (BTC) ProShares Short Bitcoin Strategy ETF ( NYSEARCA:BITI ).

Early into the session, BITO, BTF, and XBTF found themselves lower by 8.5% , 8.5% and 8.3% , respectively. All three funds track 出售和存储加密货币 Bitcoin (BTC) 出售和存储加密货币 Bitcoin (BTC) the price of bitcoin through the use of 出售和存储加密货币 Bitcoin (BTC) bitcoin futures contracts, which allow the funds to mimic the price moves of the underlying crypto asset.

At the same time, BITI was +8.4% early Friday, as it is an inverse bitcoin exchange traded fund that moves in opposite parallel to the price of cryptocurrency.

Bitcoin’s drop in price has now erased all of its August gains, with the crypto falling to its lowest level since July 27.

Year-to-date 出售和存储加密货币 Bitcoin (BTC) price action: BTC-USD -54.6% , BITO -54.4% , BTF -49.9% , XBTF -49.8% , and BITI -6.1% .

Elsewhere in the sector, the fall in Bitcoin has pulled down related crypto-based stocks.