When will Bitcoin rise (When will Bitcoin go up)?
When can Bitcoin rise? According to btcmanager\’s analysis, when can Bitcoin ris
When can Bitcoin rise? According to btcmanager’s analysis, when can Bitcoin rise? In the next 24 hours, Bitcoin’s market will experience a rapid increase. From a technical perspective, the daily trend is bearish. If the closing price today can break through the resistance of the MA5 moving average, the bulls may launch another attack and continue to rise. However, an effective support level has not been formed in this decline. At the same time, from the 4-hour chart, we can see that the recent two KDJ indicators have diverged into the oversold zone and there are signs of rebound. Currently, Bitcoin is entering a period of oscillation and is still in a bearish trend in the short term. Therefore, once the price of BTC stabilizes above the MA60 moving average, there may be a wave of upward movement, but there is significant resistance above, so do not blindly chase high.
When will Bitcoin rise
According to btcmanager, Bitcoin’s price experienced a rapid increase around 4 am today before falling back after reaching around $11,200. From the daily chart, the trend since December 2019 has been relatively stable, but it entered a bull market, and the price fluctuated greatly. Since 2020, it has been in a strong upward trend, and each rebound has been accompanied by positive news. Therefore, we can judge whether the upward trend in 2020 can last for a period of time.
【BTC/USDT market analysis】From last night, Bitcoin’s price has had a surge, breaking through the $12,000 resistance level and continuing to rise. Currently, the price is oscillating between $11,300 and $13,000; from an hourly perspective, the Bollinger Bands show a contracting posture; the MACD fast line has crossed above the zero axis and diverged upwards, forming a dead cross and extending downwards; the KDJ three lines have turned upwards, with the J value sticking and parallel below the 50-level line; RSI and Stoch are both below 20, forming a golden cross. Overall, in the short term, it will first form a consolidation and accumulation area (if necessary, pay attention to it).
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