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BITCOIN NEWS – An overview of important support and resistance levels of the four major currency pairs of the ongoing week.

 

• First key support level of EUR/USD: 0.997668
• Second Key support level of EUR/USD: 0.990133
• Third Key support level of EUR/USD: 0.975609
• First key resistance level of EUR/USD: 1.008833
• Second Key resistance level of EUR/USD: 1.014171
• Third Key resistance level of EUR/USD: 1.019576

• First key support level of USD/CHF: 0.98001
• Second Key support level of USD/CHF: 0.972825
• Third Key support level of USD/CHF: 0.965999
• First key resistance level of USD/CHF: 0.987504
• Second Key resistance level of USD/CHF: 0.992653
• Third Key resistance level of USD/CHF: 1

• First key support level of GBP/USD: 1.133354
• Second Key support level of GBP/USD: 1.115118
• Third Key support level of GBP/USD: 1.1
• First key resistance level of GBP/USD: 1.14282
• Second Key resistance level of GBP/USD: 1.156603
• Third Key resistance level of GBP/USD: 1.174485

• First key support level of USD/JPY: 145.191573
• Second Key support level of USD/JPY: 143.532247
• Third Key support level of USD/JPY: 140.704382
• First key resistance level of USD/JPY: 147.622303
• Second Key resistance level of USD/JPY: 148.804382
• Third Key resistance level of USD/JPY: 151.476816

 

Bitcoin News – Bitcoin’s internal problem and a strong fall!

Bitcoin (BTC)  is currently in a heavy selling wave due to the problems related to its domestic market “liquidity in its prominent exchanges”, in which selling/sellers have so far managed to achieve the lowest price level of $15500.14. During this downward trend, the price has succeeded in breaking the important support level of $18,500, and regarding the threat of the current support levels in Bitcoin due to selling pressure / mid-term buyers should act more cautiously during this wave.

In the current conditions, there is no clear and transparent buying signal in the long-term timeframes such as monthly and weekly, “warning for buyers in this price range”. In addition, if the downward trend is going on and the level of $15500.14 is broken, the price has the potential to fall further and reach the important support level of $15,000 – 13838$.

In analyzing short-term time frames such as 4-hour and one hour, the price is in oversold mode, and regarding the formation of candles with a long lower shadow, they give a weak warning for the formation of a price floor. If the support level of $15500.14 is maintained, the price will have the potential to correct its recent heavy selling, and in this case, buyers will look for the resistance levels of $16887.25 and, in the next step, up to $18000.

 

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