Arabic AR Chinese (Simplified) ZH-CN English EN French FR German DE Japanese JA Portuguese PT Russian RU Spanish ES Turkish TR
Connect with us

Hi, what are you looking for?


Btc Oversold Bounce Fades; Support at $34K-$36K

itial support around $34K could stabilize the pullback

Bitcoin (BTC) sellers returned during Asia hours given strong resistance near the $40,000 level. The cryptocurrency was trading around $38,000 at press time and is down 5% over the past week. Initial support is seen around $34,000 and $36,000, which could stabilize the pullback.

  • The relative strength index (RSI) on the four-hour chart made a series of lower highs as upside momentum slowed. Short-term buyers responded to oversold conditions on Wednesday but failed to push past $40,000 resistance.
  • Initial support is seen at $36,000, which is near the 100-period moving average on the four-hour chart. Buyers will likely defend support above $30,000 as bitcoin (BTC, -3.04%) remains in a consolidation phase.
  • Bitcoin’s intermediate-term downtrend remains in effect despite the near 30% short-squeeze rally over the past two weeks.
source of news:COİNDESK



Worldwide music and entertainment giant Warner Music Group (WMG) has joined forces with OpenSea to introduce dedicated landing pages for their artists. The WMG roster will...


Though the recent months haven’t been very good for the crypto industry, this could not deter some crypto investors from being bullish about this...


The down-trending market that took its resistance from $1.35134 on the 10th of September did not go too far before it begins to face...

Crypto News

Robinhood, a leading investment app, has rolled out its newest product — a crypto wallet that charges zero transaction fees to its users. For...