TA : Le Bitcoin chute à 54K$, pourquoi la reprise pourrait être limitée à court terme

Le prix du bitcoin a prolongé son déclin en dessous de la zone de soutien de 55 500 $ contre le dollar américain. Le BTC se redresse actuellement, mais il est susceptible de lutter près de 55 500 $ et 56 450 $.

• Le bitcoin n’a pas réussi à franchir la barre des 58 000 $ et a entamé une nouvelle baisse sous les 57 000 $.
• Le prix se négocie désormais bien en dessous de 56 450 $ et de la moyenne mobile simple sur 100 heures.
• Il y a eu une cassure sous un triangle contractant clé avec un support près de 56 800 $ sur le graphique horaire de la paire BTC/USD (flux de données de Kraken).
• La paire est susceptible de continuer à baisser si elle ne parvient pas à récupérer au-dessus de 55 500 $ et 56 450 $.

Le prix du bitcoin étend ses pertes

Il n’y a pas eu de rupture claire à la hausse du Crypto Trader au-dessus de la zone de résistance de 58 000 $. Par conséquent, le BTC a cassé la zone de support de 56 450 $ pour passer dans une zone baissière (comme discuté dans l’analyse d’hier).

Les ours ont pris le contrôle et le prix n’a même pas réussi à rester au-dessus du niveau de soutien de 55 500 $. Il y a eu une rupture sous un triangle contractant clé avec un support près de 56 800 $ sur le graphique horaire de la paire BTC/USD. Il y a également eu un pic sous le support de 54 500 $ et le prix a testé le support de 53 750 $.

Un bas est formé près de 53 786 $, et le prix se négocie maintenant bien en dessous de 56 450 $ et de la moyenne mobile simple sur 100 heures. Le bitcoin se redresse actuellement et s’échange au-dessus de 54 500 $. Il a franchi le niveau de retracement Fib de 23,6 % de la récente baisse entre le sommet de 58 400 $ et le bas de 53 783 $.

La première résistance majeure se situe près du niveau de 55 500 $. La prochaine résistance majeure se situe près du niveau de 56 000 $. Il est proche du niveau de retracement Fib de 50 % de la récente baisse entre le sommet de 58 400 $ et le bas de 53 783 $.

La principale résistance se forme maintenant près du niveau de 56 450 $, au-dessus duquel le prix pourrait revisiter la zone de résistance clé de 58 000 $.

D’autres pertes sur le BTC?

Si le bitcoin ne parvient pas à corriger à la hausse au-dessus de 55 500 $ et 56 000 $, il y a des chances que d’autres baisses se produisent à court terme. Un premier support se trouve près du niveau de 54 000 $.

Le support clé est maintenant près du niveau de 53 750 $, en dessous duquel les ours pourraient viser un test de la zone de support de 50 000 $ à court terme.

Indicateurs techniques:

MACD horaire – Le MACD perd du terrain dans la zone baissière.

RSI (indice de force relative) horaire – Le RSI de la paire BTC/USD est désormais inférieur au niveau de 50.

Principaux niveaux de soutien – 54 000 $, suivi de 53 750 $.

Principaux niveaux de résistance – 55 550 $, 56 000 $ et 56 450 $.

I gemelli Winklevoss dicono di essere „aperti“ a prendere Gemelli Crypto Exchange Public

I punti salienti:

• Cameron e Tyler Winklevoss, cofondatore di Gemini, dicono di essere aperti alla possibilità di rendere pubblico Gemini
• Gemini è stata fondata nel 2014 ed è uno dei principali scambi di crittografia negli Stati Uniti.
• Coinbase ha recentemente depositato un modulo S-1 presso la SEC, mentre Bakkt è in corso di pubblicazione attraverso una fusione con uno SPAC

I gemelli Winklevoss dicono di essere aperti alla possibilità di rendere pubblico Gemelli

Il cambio di criptovalute Gemini potrebbe diventare pubblico in futuro, hanno dichiarato i cofondatori Cameron e Tyler Winklevoss a Bloomberg in una recente intervista. Alla domanda sulla possibilità di rendere pubblici i Gemelli, Cameron Winklevoss ha risposto:

„Lo stiamo sicuramente considerando e ci stiamo assicurando di avere questa possibilità. Stiamo osservando il mercato e stiamo anche discutendo internamente se ha senso per noi in questo momento. Siamo certamente aperti ad essa“.

I „Winklevoss Twins“ hanno anche commentato le loro partecipazioni Bitcoin, dicendo che hanno già un’ampia esposizione a BTC e che al momento non stanno cercando di aumentare le loro partecipazioni.

Gemini è stata fondata nel 2014 ed è uno dei player più affermati nel mercato della crittovaluta. Anche se non è tra le più grandi borse di crittografia per volume di scambi, si è comunque stabilita una solida reputazione tra gli utenti di crittovaluta e ha mantenuto con successo i beni crittografici dei suoi clienti al sicuro, senza che siano state segnalate violazioni della sicurezza.

La borsa, che in precedenza era nota solo per la quotazione di un numero molto limitato di asset crittografici, sembra aver adeguato la sua politica di quotazione nel 2020, aggiungendo una serie di asset crittografici alla sua piattaforma. La società ha recentemente annunciato una carta di credito che paga premi sotto forma di Bitcoin.

Nelle ultime 24 ore, Gemini ha gestito un volume di trading di 252 milioni di dollari. La sua coppia di trading più popolare era BTC/USD, che rappresentava 156,8 milioni di dollari.

Andare in pubblico è ora una vera opzione per i principali giocatori di criptovaluta

Dato che lo spazio di criptovaluta continua ad acquisire legittimità, sembra naturale che le principali società di criptovaluta stiano considerando la possibilità di renderlo pubblico.

Coinbase, una delle più grandi borse di criptovaluta del mondo, ha depositato in via confidenziale un modulo S-1 presso la SEC a dicembre, confermando essenzialmente i precedenti rapporti che la società sta pensando di rendere pubblici.

Bakkt, una digital asset company che attualmente offre prodotti derivati Bitcoin e custodia, sarà quotata al NYSE attraverso la fusione con VPC Impact Acquisition Holdings, una SPAC (special purpose acquisition company).

Total cryptocurrency market cap exceeds $ 1 trillion for the 1st time

The total value of the cryptocurrency market now exceeds $ 1 trillion for the first time in the history of the industry.

The journey to this historic achievement has been fueled by governments, institutions and retail investors

Cryptocurrencies are emerging as solid alternative investments, despite regulatory concerns.

The cryptocurrency’s total market capitalization hit a record high of $ 1 trillion for the first time since its inception.

The journey to this accomplishment has been led primarily by the market’s premier cryptocurrency, Bitcoin (BTC), as institutional and retail investors continue to pour in.

Interest from governments was also a factor in reaching this record, as central banks around the world began to seriously explore the use of Bitcoin Profit technology for digital versions of their country’s currencies .

The cryptocurrency industry is establishing itself as a viable alternative investment by providing a technical framework for the future of money

This comes at a time when many traditional assets and strategies are still suffering from the effects of the COVID-19 pandemic.

Institutions bought cryptocurrency, especially Bitcoin, with a record amount throughout 2020. In December, for example, business analyst firm MicroStrategy revealed that over the past year, she had a position in Bitcoin worth over $ 425 million. She then announced that she had successfully secured $ 650 million in additional funding to bring her position to over $ 1 billion.

Grayscale Investments , a company that manages cryptocurrency investment funds, has seen its flagship fund, Grayscale Bitcoin Trust, reach more than $ 10.8 billion in assets under management. Most of that amount was added last year, says the company, in the heart of the considerable interest of its institutional clients.

Governments around the world have followed this trend, exploring how blockchain technology and cryptocurrencies can be used to create a futuristic monetary system. The “ digital yuan ” of the People’s Bank of China and the “ digital euro ” of the European Central Bank are perfect examples of this high level interest, with the digital yuan already being successfully tested.

Governments from the United States to Russia are exploring their own digital currencies and pushing for the adoption of cryptocurrency regulations, such as the “ STABLE ACT ” law.

When institutions and governments both invest in and explore the cryptocurrency industry, it’s no wonder the general public is once again throwing themselves on board.

Bitcoin price consolidates as traders continue to struggle in the $18,200 to $19,500 range

The price of Bitcoin has decided to take a breather as the ups and downs struggle to take control in the $18,200 to $19,500 range.

Market Update

After an impressive rebound to a new all-time high on December 1, the price of Bitcoin (BTC) seems to have entered a small consolidation phase, as the price ranges from USD 18,200 to USD 19,500.

How high can the price of Bitcoin go?

The 1-hour and 4-hour charts show that the price is compressed into a pennant like structure, and when it exits the pattern, the price is likely to move to the $19,400 level, where there’s a little more resistance.

The breakout of the flag would also suggest that the $19,000 level could now act as solid support and if the bulls can turn the $19,400 to $19,500 area into support, we could expect an attempt to break the new all-time high.

December 2nd price analysis: BTC, ETH, XRP, LTC, BCH, LINK, DOT, ADA, BNB, XLM

As many analysts have pointed out, periods of consolidation and reversals where the underlying support is retested are of vital importance in maintaining the strength of an uptrend.

In addition, if Bitcoin is truly in a bull market, investors will see both larger and smaller reversals as ideal buying opportunities. Clear evidence of this can be seen in the daily chart which shows traders buying on every significant drop since mid-October.

We can also see that the pattern of higher daily minimums is intact even after the most recent strong rejections at the level of USD 19,000.

Willy Woo: Bitcoin reaching $200,000 in December 2021 is now ‚conservative

If the Bitcoin price does not exceed $19,200 or drops below the $19,000 level, the visible range of the volume profile (VPVR) shows support at $18,650 and below at $17,800. The $17,800 level is also aligned with the 20-day moving average, a metric that has been respected since The upward trend began last October 7, when the price of Bitcoin was USD 10,600.

According to Cointelegraph contributor Micheal van de Poppe:

„It is very difficult to make an analysis at this point, but the longer time frames indicate that there is an overextension at this point. If Bitcoin doesn’t break or close above $19,000, I think we’re going to reverse it.

Van de Poppe also suggested that in the weekly and daily frames the crucial area to keep is the $19,000. He warned that a possible bearish divergence could be hinting at a short term reversal.

What happens if the bears take control?

In the event that the Bitcoin price takes a bearish turn as it falls from the current range and loses the $17,800 support in the 20-day moving average, you may be able to re-test the 23.6% Fibonacci retracement level at $16,100.

A million dollar startup turns to Algorand to fight climate change

The VPVR in the daily frame shows an interest of about USD 15,700, but as mentioned above, the price has respected the 20-day moving average since the beginning of October.

It is also clear that retail and institutional investors have shown a strong interest in buying during the most significant declines, so it seems unlikely that this trend will end even if BTC loses the current range.

The views and opinions expressed here are those of the author alone and do not necessarily reflect the views of Cointelegraph. Every investment and trading move involves risk, so you should conduct your own research when making a decision.

New „cypher capitalism“ on display at DeFi on the last day of Blockchain Summit Latam

On a final day of the Blockchain Summit Latam, we were able to see a vision and perspective of DeFi within traditional finance.

As part of the presentations, a panel called „DeFi the Cypher Capitalism of the 21st Century“ was presented by Anthony Chávez Marketing Manager of Mexo and host of the „DeFi en Español“ podcast.

From the beginning we could see how Chavez explained that the Blockchain Golden Profit and DeFi technology beyond a change in the markets or industries, is generating a change in people’s ideas and thoughts about the financial system, especially in the way financial services are perceived.

Likewise, Chavez also stated that within the DeFi ecosystem, a division between „two worlds“ has been generated, explaining that the traditional market is perceived as different to DeFi, despite the fact that they are the same financial services. However, he explained that from the first world, three main different things are provided: Access, transparency and decentralisation.

New financial services

To explain what new DeFi is bringing, he focused on the stablecoins, presenting the case of IAD as a stable currency that is managed and directed by the community itself. He also mentioned the Liquidity Pools, which he clarified is a way of „changing the paradigm“ to the exchange houses where it is the users themselves who provide the liquidity within the market.

The synthesized assets were also presented, exposing that they can be a change when seeing the assets and derivatives that move within the market. The Flash Loans was another element presented in the presentations, a change that is focused, as Chavez told us in his speech, to change the whole system of credits and loans within finance as we know it.

„New ideology or new tools? We still don’t know“ was a phrase that Chávez used to close his presentation and introduce the audience to the fact that many things within the ecosystem have yet to be defined, although he still declared that everything that is happening within this approach is „exciting“.

Założyciel Billionaire SoftBank ujawnia, dlaczego wyszedł z Bitcoin.

Zmienność Bitcoin’a była zbyt rozpraszająca dla prezesa SoftBank Masayoshi Son’a.

Masayoshi Son, dyrektor generalny japońskiego międzynarodowego konglomeratu SoftBank, przełamał milczenie w sprawie swojego katastrofalnego zakładu Bitcoin podczas konferencji DealBook.

Drugi w kolejności Japończyk uważa, że kryptokur waluta będzie „przydatna“, ale szczerze przyznaje, że po utracie fortuny z nią na początku 2018 roku nadal nie rozumie, o co w tym wszystkim chodzi:

„Myślę, że waluta cyfrowa będzie użyteczna, ale nie wiem, jaka waluta cyfrowa, jaka struktura, i tak dalej.“

Strata 160 milionów dolarów

Pod koniec 2017 roku Syn – którego wartość netto szacuje się na 31,9 mld dolarów – posłuchał rady swojego przyjaciela, który polecił miliardera, aby zainwestował jeden procent swojej wartości netto w Bitcoina.

Osoba, która przekonała go do wejścia do większej kryptoflady świata w szczytowym momencie poprzedniego przejazdu byka, była podobno u steru firmy inwestycyjnej przejętej przez SoftBank.

Legendarny inwestor ma reputację robiącego pieniądze ze wszystkiego, czego dotknął, ale nie był w stanie poradzić sobie z niestabilnością Bitcoin’a. W ciągu dwóch miesięcy na początku 2018 roku krypto waluta zatonęła w 70 procentach, a w lutym spadła poniżej 6000 dolarów.

Syn wyznał, że patrzenie na wykresy Bitcoinów odwróci jego uwagę od własnego biznesu i dlatego ostatecznie zdecydował się nazwać to rezygnacją.

W kwietniu 2019 roku The Wall Street Journal podał, że Son stracił ponad 130 milionów dolarów.
Powiązany z SBI Holdings CEO potwierdza plan Ripple’a, by przenieść się do Japonii
Powiązane

Dyrektor generalny SBI Holdings potwierdza plan Ripple’a dotyczący przeprowadzki do Japonii.

Softbank ma 80 miliardów dolarów w gotówce.

Gdyby trzymał Bitcoina do dzisiaj, syn złamałby się. Kryptofaktura osiągnęła 18 listopada wysokość 18.483 dolarów, a obecnie przechodzi z rąk do rąk po 18.136 dolarów.

Syn ledwo co bije się na głowę z powodu fiaska Bitcoin’a (lub nawet w ogóle o tym myśli). W zeszłym roku fiskalnym, Fundusz Wizji SoftBanku stracił oszałamiające 17,7 dolarów z powodu Ubera i WeWork.

Z wielkimi nazwiskami inwestorów, takich jak Paul Tudor Jones porównując Bitcoin do Apple, Son, może jednak spojrzeć retrospektywnie na krypto walutę biorąc pod uwagę, że jego konglomerat siedzi obecnie na stosie 80 miliardów dolarów gotówki.

Facebook may soon allow Bitcoin to be purchased, says Jason Yanowitz

Facebook and Google may soon offer Bitcoin (BTC) purchasing and payment services.

PayPal is leading the way and is abandoning its waiting list for the purchase of cryptocurrencies.

Facebook and Google may soon offer Bitcoin buying services, says businessman Jason Yanowitz.

Facebook and Google adopt Bitcoin?

According to Jason Yanowitz, CEO of BlockWords Group, tech giants like Facebook and Google are likely to offer Bitcoin buying and payment services on their platform.

He said on Twitter:

Think PayPal is big news? Wait for Facebook and Google to allow their billions of users to buy bitcoin.

PayPal leads the way

On Friday, November 13, the payment giant announced it was dropping its waiting list for buying, holding and selling cryptocurrency in the United States. Thanks to this change, all US customers are now eligible to purchase cryptocurrency directly from their PayPal account.

In addition, the company decided to increase the authorized weekly purchase threshold to $ 20,000 instead of $ 10,000.

By next year, PayPal also plans to allow its users to make PayPal purchases with cryptocurrency. The payments giant plans to eventually make cryptocurrency payments available at 26 million merchants around the world.

Bitcoin e Altcoin mostrano segni di continuazione ribassista

Il prezzo del bitcoin non è riuscito a superare i 10.800 USD e ha iniziato un nuovo calo.
Ethereum è sceso del 5% e ha testato il supporto di 335 USD, XRP si è attestato al di sotto di 0,250 USD.

EGLD, LEND, YFI e UNI sono in calo di circa il 15% oggi

Il prezzo del bitcoin non è riuscito a superare la resistenza di 10.800 USD, provocando una nuova ondata ribassista. BTC è stato scambiato al di sotto del supporto di 10.650 USD e ha persino testato la zona di supporto di 10.550 USD. Il prezzo è attualmente (08:30 UTC) consolidando le perdite superiori a 10.550 USD e rimane a rischio di ulteriori perdite.

Allo stesso modo, la maggior parte delle principali altcoin si è ritirata da ostacoli importanti e ha iniziato un nuovo declino, tra cui ethereum, XRP, litecoin, bitcoin cash, EOS, XLM, LINK, BNB, TRX e ADA. ETH / USD è sceso bruscamente dalla resistenza di 355 USD e ha testato il supporto di 335 USD. XRP / USD ha ridotto tutti i guadagni di ieri e si è attestato al di sotto del livello pivot di 0,250 USD.

Capitalizzazione di mercato totale

Dopo un altro tentativo fallito vicino a 10.800 USD, il prezzo del bitcoin ha iniziato un nuovo calo. Gli orsi sono stati in grado di spingere BTC al di sotto di 10.650 USD, ma i rialzisti hanno difeso il supporto di 10.550 USD. Il prezzo sta attualmente consolidando le perdite, con una resistenza immediata a 10.680 USD. La resistenza chiave è ancora vicina al livello di 10.800 USD.

Se il prezzo non riesce a recuperare più in alto, ci sono possibilità di ulteriori svantaggi al di sotto del supporto di 10.550 USD. In questo caso, i ribassisti potrebbero mirare a un test del supporto di 10.250 USD.

Prezzo di Ethereum

Anche il prezzo di Ethereum non è riuscito a superare un grosso ostacolo vicino al livello di 355 USD. ETH è sceso di quasi il 5% e ha persino testato il principale livello di supporto di 335 USD. Sta correggendo più in alto, ma potrebbe incontrare un forte interesse di vendita vicino ai livelli di 345 e 350 USD.
Il supporto di 335 USD detiene la chiave nel breve termine. Se ETH non riesce a rimanere al di sopra di 335 USD, potrebbe innescare un calo più ampio verso il livello di supporto di 310 USD.

Bitcoin cash, chainlink e prezzo XRP

Il prezzo in contanti del bitcoin sembra essere scambiato in un intervallo tra i livelli di 210 e 220 USD. Una corretta chiusura al di sopra della resistenza di 220 USD potrebbe iniziare un aumento costante. Al contrario, il prezzo potrebbe scendere verso la maniglia di 200 USD. Eventuali ulteriori perdite potrebbero forse esercitare molta pressione sugli acquirenti.

Chainlink (LINK) sembra formare un importante massimo questo mese e ora viene scambiato ben al di sotto dei 10,00 USD. Il primo supporto importante è vicino al livello di 8,50 USD, al di sotto del quale ci sono reali possibilità di un altro test del supporto di 8,00 USD. Il prossimo importante supporto è vicino al livello di 7,20 USD.

Prezzo XRPnon è riuscito a stabilizzarsi sopra 0,255 USD e ha iniziato un nuovo calo. Ha rotto il livello pivot di 0,250 USD e ha persino testato il supporto di 0,245 USD. Eventuali ulteriori perdite potrebbero portare il prezzo verso il supporto di 0,240 USD. Al rialzo, lo 0,250 USD potrebbe fungere da resistenza nelle prossime 2-3 sessioni.

Wie Uniswap & DeFi die Ethereum Wallet MetaMask zu 1M Nutzern machte

Wie Uniswap & DeFi die Ethereum Wallet MetaMask zu 1M Nutzern machte

Die Brieftaschenschnittstelle und Browsererweiterung MetaMask von Ethereum hat vor kurzem den Meilenstein von 1 Million aktiver Benutzer pro Monat erreicht, was die enorme Akzeptanz laut Bitcoin System unterstreicht, die derzeit stattfindet. Der Anstieg verläuft parallel zum DeFi-Trend, der vor kurzem durch die explosionsartige Zunahme der Benutzer, die eilends neue Uniswap-Token beanspruchen, gestoppt wurde.

Im Folgenden wird erläutert, wie all diese verschiedenen Projekte und Anwendungen miteinander verbunden sind und warum sie alle nebeneinander gewachsen sind.

Der DeFi-Sommer der Liebe führt zu einer unbestreitbaren Annahme des Ethereums

Den ganzen Sommer lang wurde nicht über den Krypto-Markt gesprochen, ohne auch auf den Anstieg der dezentralisierten Finanzen hinzuweisen. Der boomende Zug zog den Krypto-Markt aus der Baisse heraus und von den Tiefständen des Schwarzen Donnerstags nach oben.

Obwohl diese DeFi-Spielmarken aufgrund zu früh zu heißer Bewertungen gerade jetzt wehtun, gibt es bei der Adoption kein Zurück mehr.

DeFi hatte den Nebeneffekt, dass eine große Anzahl von Benutzern auf die eine oder andere Weise in das Ethereum-Netzwerk eingegliedert wurde. Die meisten DeFi-Projekte und ihre Token sind auf Ethereum aufgebaut und verwenden den intelligenten Vertragsstandard ERC20.

Dieser Trend hat Ethereum zu einem Spitzenreiter auf dem Markt gemacht, der sich besser als der Rest des DeFi-Raums gehalten hat, und er hat auch die MetaMask in der Brieftasche verschüttet.

Uniswap schiebt MetaMask über 1 Million aktive Benutzer pro Monat

Die browserbasierte Ethereum-Brieftasche MetaMask enthüllte kürzlich einen Meilenstein: 1 Million aktive Benutzer monatlich, gerade als der dezentralisierte Finanzraum begann, sich zurückzuziehen. Aber auch wenn die Preise für Vermögenswerte fallen, sind die Benutzer dank des jüngsten Trends in der Kryptoindustrie bereits auf der Plattform und vielen anderen bereits an Bord.

DeFi verhalf der MetaMask zu einem deutlichen Wachstum, da der Gesamtwert gesperrt wurde und aktive Benutzer parallel dazu mit derselben Geschwindigkeit kletterten. MetaMask kann verwendet werden, um mit DEX-Schnittstellen zu interagieren und ERC20-Token zu speichern, um sie in automatisierten Market-Making-Protokollen wie Uniswap auszutauschen.

Das Wachstum von MetaMask ist auch weitgehend auf die plötzliche Dominanz von Uniswap laut Bitcoin System zurückzuführen. Und was diese Zahlen wirklich in die Stratosphäre schickte, war ein anreizscheckartiger kostenloser 400 UNI-Marken, die ungefähr 1.200 Dollar wert waren, als sie zum ersten Mal eingefordert werden konnten.

Um diese Tokens einzufordern, musste man eine Brieftasche wie MetaMask verwenden, um Zugang zu ihnen zu erhalten, und ein Teil der ETH für Gasgebühren. Gemeinsam hob die steigende DeFi-Flut all diese Boote an, bis das Blatt sich zu wenden begann.

Aber auch wenn sich die Dinge kurzfristig, langfristig und dezentral in eine andere Richtung entwickeln, werden MetaMask und Ethereum in Ordnung sein.

Bitcoin is stuck below critical levels – cops are fighting in vain for control

Bitcoin’s price has stagnated over the past few weeks and months, with buyers and sellers unable to gain firm control over the near-term outlook.

BTC has now risen to $ 10,800 in the last few days and weeks, which has proven to be strong resistance.
If this level remains strong as resistance, the question of whether or not to break the above should offer an in-depth look at BTC’s near-term outlook.

A solid break above this level could open the gates for the cryptocurrency and push it towards $ 11,000.

Ultimately, the question of how Bitcoin reacts to the selling pressure here determines its medium-term trend

Bitcoin and the entire cryptocurrency market have struggled to achieve sustained momentum in both directions over the past few weeks and months.

Analysts are now realizing that the next market trends are likely to depend largely on how Bitcoin reacts to a few key levels.

$ 10,800 is the first resistance level to break, with the region between $ 11,000 and $ 11,200 being the next zone buyers will have to leave behind.

One trader also comments that Bitcoin is still stuck below its 200-day EMA – a trending level that needs to be regained in the near future.

Bitcoin’s momentum stagnates as buyers struggle to break through $ 10,800

At the time of writing, Bitcoin is trading at $ 10,680. This is roughly the price it was traded at for the entire past day.

Whether bulls or bears are able to step up and take control of their near-term outlook should largely depend on how they react to a test at that level.

If it passes, the next major price region to watch closely is between $ 11,000 and $ 11,200.

Analyst: BTC remains stuck below major 200-day moving average

One level that has proven to be trending time and again throughout history is the 200-day moving average.

Sustained bursts of trading above or below this level have contributed to assets like Bitcoin showing multi-year trends.

Bitcoin is currently trading below this level, leading one analyst to conclude that breaking above this level is essential to the cryptocurrency’s near-term prospects.

The analyst jokingly referred to the chart below:

“The only enemy of Bitcoin is the 200ema resistance of the cloud. Let’s break up, please, I miss the smell of financial freedom. “

The overall market trends in the coming days and weeks could therefore depend solely on Bitcoin’s reaction to this crucial technical level.