Bitcoin and altcoins sold-off as investor concerns over Deutsche Bank hit media headlines. Is a trend reversal in order, or is this just another dip to buy?
) price, the trend may pause if the contagion spreads. During times of panic, traders sell assets to curtail risk. At that time, if Bitcoin does not break below the $25,000 to $20,000 support zone, it will suggest that the bear phase is over.
Could Bitcoin and most major altcoins witness a minor correction? What are the important support levels to keep an eye on? Let’s study the charts of the top-10 cryptocurrencies to find out.Bitcoin formed an inside-day candlestick pattern on March 23, indicating uncertainty among buyers and sellers. The bulls want to extend the up-move but the bears are in no mood to relent. That has kept the price inside a small range.
If the price rebounds off $26,500 with strength, the bulls will again try to start the next leg of the rally. That could propel the price to $30,000 and then to $32,500. The $25,250 support remains the key level because a break and close below it may indicate a bull trap. The BTC/USDT pair could then collapse toward the 200-day simple moving average .
Brasil Últimas Notícias, Brasil Manchetes
Similar News:Você também pode ler notícias semelhantes a esta que coletamos de outras fontes de notícias.
Ethereum (ETH) Price Analysis for March 24Can buyers return the rate of ETH to $1,800 soon? crypto Ethereum ETH $ETH cryptoexchange VitalikButerin ethereum
Consulte Mais informação »
Cardano (ADA) Price Analysis for March 24How long is the correction of ADA going to last? CardanoStiftung ADAcoin_ Cardano cardano Cardano_ emurgo_io CardanoCommunity
Consulte Mais informação »
Xencelabs’ first display drawing tablet should worry WacomThe Pen Display 24 is almost just half the price of the Cintiq Pro 27.
Consulte Mais informação »
2023 Ford Bronco order bank opens March 27 for 24 hours - AutoblogFord will open the order bank for the 2023 Bronco to the public on March 27 for 24 hours. Production constraints keep some popular options off limits.
Consulte Mais informação »
Tax breaks for 24 new affordable housing deals move forward at Houston Housing Authority meetingThe Houston Housing Authority voted Tuesday on 24 new proposals to take apartment complexes off of the tax rolls in exchange for making a number of units affordable.
Consulte Mais informação »