cc.Link
  • Home
  • News
  • NFT
  • Videos/Tips
  • Mining
    • How to Mine Bitcoin
    • Top Mining Software
    • Mining Articles
  • Tools
    • Live Crypto
    • Free Wallet
  • Live
  • Marketplace
  • Contact us
No Result
View All Result
cc.Link
  • Home
  • News
  • NFT
  • Videos/Tips
  • Mining
    • How to Mine Bitcoin
    • Top Mining Software
    • Mining Articles
  • Tools
    • Live Crypto
    • Free Wallet
  • Live
  • Marketplace
  • Contact us
No Result
View All Result
cc.Link
No Result
View All Result
Home News

Here’s The Biggest Hindrance To Bitcoin Touching Above $50,000

ccLink by ccLink
March 30, 2022
in News
0
Here’s The Biggest Hindrance To Bitcoin Touching Above $50,000
189
SHARES
1.5k
VIEWS
Share on FacebookShare on Twitter

Bitcoin had effectively turned the $47,000 level this week. A welcome modification after the digital possession had invested a long stretch of time afflicted by low momentum. It formally indicated a break out of the debtconsolidation of the past two-and-a-half months. Now the genuine work starts as bears haveactually started installing substantial resistance to keep the cryptocurrency from breaking above $50,000.

The Point To Beat

Although Bitcoin continues to hold above $47,000, there is still a lot of opposition to the digital possession in this area. $47,500 stays a technical level that hasactually revealed itself throughout different rallies in history. This time around, bears are outdoorcamping at this technical level, making it a substantial resistance to point to beat. Otherwise, the objective of $50,000 will stay latent.

Related Reading | Small Cap Altcoins Beat Bitcoin And Other Crypto Assets 10 To 1, But Why?

If the digital property is able to effectively beat this point and kind assistance above it, then there will be not much opposition in the race to $50,000 as the next essential point will lie above this level. A push past $50,000 would set the cryptocurrency on another course towards $53,000. This time around, strengthening BTC’s project towards a brand-new all-time high.

$47,500 is now the point to beat | Source: Arcane Research

Nevertheless, Bitcoin hasactually been notable to break through as its single effort to do so hasactually been fulfilled with resistance that hasactually beaten it back down towards the low $47,000s. BTC continues to hold strong at this point .

Bitcoin Holding Up Well

Even though bitcoin hadactually taken a beat-down after screening the $47,500 resistance point, it has rapidly discovered its footing. One crucial thing to note is where the digital possession looks to haveactually formed an essential assistance level.

Related articles

Crypto Whales Believe These Altcoins Will Take the Crypto World by Storm – Find Out Why

Crypto Whales Believe These Altcoins Will Take the Crypto World by Storm – Find Out Why

February 2, 2023
Okx to Launch Okx Collective, a Metaverse Experience Powered by Manchester City Soccer Players

Okx to Launch Okx Collective, a Metaverse Experience Powered by Manchester City Soccer Players

February 2, 2023

BTC stopsworking to beat $47,500 resistance level | Source: BTCUSD on TradingView.com

Arcane Research notes that BTC looks to have turned $45,000, which was the resistance to beat in the early innings of the rally, into a assistance level. This indicates a slide listedbelow $47,000 might see the digital property fall listedbelow $46,000 however will most mostlikely discover substantial assistance at this $45K level. Although a fall listedbelow this will rapidly sendout BTC back to the low $42,000s provided it is more comparable to a moving scale.

Related Reading | TA: Ethereum Losing Pace, What Could Trigger Another Increase

Bitcoin is now conveniently trading above the 50-day and 200-day moving typical, sealing both a brief and long-lasting bullish outlook for the possession. It continues to hold company as it is trading at $47,300 at the time of this composing.

Featured image from Coingape, charts from Arcane Research and TradingView.com

View Source
Did you like this post? Consider contributing to us. [crypto-donation-box].

Tags: BiggestbitcoinHere's
Share76Tweet47

Related Posts

Crypto Whales Believe These Altcoins Will Take the Crypto World by Storm – Find Out Why

Crypto Whales Believe These Altcoins Will Take the Crypto World by Storm – Find Out Why

by ccLink
February 2, 2023
0

Trent Rhode / Midjourney AICathie Wood and her firm, Ark Invest, are making the news with their latest cryptocurrency forecast....

Okx to Launch Okx Collective, a Metaverse Experience Powered by Manchester City Soccer Players

Okx to Launch Okx Collective, a Metaverse Experience Powered by Manchester City Soccer Players

by ccLink
February 2, 2023
0

Okx, one of the largest cryptocurrency exchanges in the market, has announced the launch of its soccer-focused metaverse experience, called...

Winz Casino Review: Bitcoin & Cryptocurrency Casino

Winz Casino Review: Bitcoin & Cryptocurrency Casino

by ccLink
February 2, 2023
0

The Winz Casino is a new online crypto casino offering that was first opened in 2020. It is under the...

Indonesia to unveil national crypto exchange by June

Indonesia to unveil national crypto exchange by June

by ccLink
February 2, 2023
0

The crypto landscape in Indonesia could see a national crypto exchange before the end of June this year. Indonesia initially...

Biggest Movers: LTC Races to 9-Month High, ATOM Extends Recent Gains

Biggest Movers: LTC Races to 9-Month High, ATOM Extends Recent Gains

by ccLink
February 1, 2023
0

Litecoin raced to a nine-month high on Feb. 1, following a breakout of a key resistance level. The surge in...

Load More
  • Trending
  • Comments
  • Latest

Bed Bath & Beyond: A Retail Revolution in Home Essentials!

February 2, 2023
Crypto exchange Gate.io to provide Pyth Network with price data

Crypto exchange Gate.io to provide Pyth Network with price data

November 25, 2021
Celsius Network Raises $400M Led by Canada’s 2nd Largest Pension Fund to Reassure Regulators

Celsius Network Raises $400M Led by Canada’s 2nd Largest Pension Fund to Reassure Regulators

November 20, 2021
You Are The Carbon They Want To Reduce

You Are The Carbon They Want To Reduce

April 11, 2022
AMC CEO Proudly Declares That the Company Now Accepts Various Cryptocurrencies as Online Payment

AMC CEO Proudly Declares That the Company Now Accepts Various Cryptocurrencies as Online Payment

0
New york city’s Incoming Mayor Wants to Be Paid in Bitcoin (At Least Temporarily)

New york city’s Incoming Mayor Wants to Be Paid in Bitcoin (At Least Temporarily)

0
International Money Laundering Watchdog Says Uh, Yeah, Better Regulate Cryptocurrency

International Money Laundering Watchdog Says Uh, Yeah, Better Regulate Cryptocurrency

0
No, Putin Isn’t Embracing Cryptocurrency Just Yet

No, Putin Isn’t Embracing Cryptocurrency Just Yet

0
CleanSpark Mines Record 697 Bitcoin In January, A 50% Increase Since December

CleanSpark Mines Record 697 Bitcoin In January, A 50% Increase Since December

February 3, 2023
Crypto Whales Believe These Altcoins Will Take the Crypto World by Storm – Find Out Why

Crypto Whales Believe These Altcoins Will Take the Crypto World by Storm – Find Out Why

February 2, 2023
Okx to Launch Okx Collective, a Metaverse Experience Powered by Manchester City Soccer Players

Okx to Launch Okx Collective, a Metaverse Experience Powered by Manchester City Soccer Players

February 2, 2023
FIO Protocol Launches NFT Domains Wrapped on Polygon

FIO Protocol Launches NFT Domains Wrapped on Polygon

February 2, 2023

Join our mailing list

Tags

ADA altcoin altcoin daily altcoins Binance bitcoin bitcoin analysis bitcoin crash bitcoin live bitcoin news bitcoin news today bitcoin prediction bitcoin price bitcoin price prediction bitcoin today Blockchain btc btc news btc price buy bitcoin Cardano Crypto crypto crash Cryptocurrency cryptocurrency news crypto market Crypto Monnaie cryptomonnaie Crypto News crypto news today DEFI Dogecoin ETH Ethereum Finance investing metaverse Money news nft Ripple Shiba inu Solana trading xrp

© 2022 CC.LINK

No Result
View All Result
  • Home
  • News
  • NFT
  • Videos/Tips
  • Mining
    • How to Mine Bitcoin
    • Top Mining Software
    • Mining Articles
  • Tools
    • Live Crypto
    • Free Wallet
  • Live
  • Marketplace
  • Contact us

© 2022 cc.Link.