What's Hot

    “Cryptotolet will start in Q2 2023”

    04.02.2023

    Elon Musk vows to share ad revenue with content creators

    04.02.2023

    News Hedera (HBAR)

    04.02.2023
    Facebook Twitter Instagram
    Saturday, February 4
    Facebook Twitter Instagram
    Crypto News
    • Home
    • Bitcoin
    • Ethereum
      • Altcoins
      • ICO
    • Analytics
    • Blockchain
    • Other
      • DeFi
      • Mining
      • Regulators
      • Security
    Crypto News
    Home»Analytics»Futures analysis: sellers are back in the market
    e5ad247f401b307a02f9847adf6aa9f293879c7a
    Analytics

    Futures analysis: sellers are back in the market

    AdministratorBy Administrator28.12.2021No Comments2 Mins Read
    Share
    Facebook Twitter LinkedIn Pinterest Email


    Reading time: ~ 2 m


    Disclaimer

    Disclaimer: Forecasts of financial markets are the private opinions of their authors. The current analysis does not constitute a recommendation, trading guide, or investment research. ForkLog and Bybit are not responsible for the results of work that may arise when using this material to make trading decisions.

    Last week, the price of bitcoin rose by 8% and surpassed the $ 50,000 level. Ethereum gained 3% and also closed the week above the psychological $ 4000 mark.

    However, on December 28, sellers increased pressure on the market. At the time of publication, Bitcoin is trading at $ 49,000 and Ethereum at $ 3900.

    When will the current correction stop? We analyze the price levels of Bitcoin and Ethereum on the Bybit cryptocurrency exchange.

    BTCUSD

    On December 23, bitcoin overcame the level of $ 50,000, but the bulls could not push the asset above $ 52,147 – after reaching a local maximum at this mark, the price per day dropped below $ 50,000.

    Futures analysis sellers are back in the market

    Support and resistance levels on the daily BTCUSD Perpetual Contract (Bybit) chart. Data: TradingView.

    If the daily candle closes below $ 50,000, BTCUSD may continue to decline to support in the $ 45,500 zone.

    However, if the bulls hold $ 50,000 by the close of the monthly candle, then the next year the leading cryptocurrency may start with the resumption of the uptrend from this level.

    ETHUSD

    At press time, ETHUSD has also dropped below the $ 4000 mark.

    1640696153 87 Futures analysis sellers are back in the market

    Support levels on the daily chart ETHUSD Perpetual Contract (Bybit). Data: TradingView.

    If the bitcoin price fails to gain a foothold above $ 50,000, we should expect Ethereum to decline to support in the $ 3,700 zone.

    conclusions

    The bears again managed to push Bitcoin and Ethereum below $ 50,000 and $ 4,000. If the bulls do not protect these levels by the close of the monthly candle, then 2022 assets may start in a downtrend.

    Anchoring cryptocurrencies above these levels will be the basis for the continuation of the upward trend in the new year.




    #Futures #analysis #sellers #market

    Analysis Futures Market sellers
    Share. Facebook Twitter Pinterest LinkedIn Tumblr Email
    Avatar of Administrator
    Administrator

    Related Posts

    “Cryptotolet will start in Q2 2023”

    04.02.2023

    Artificial intelligence determined the price of Solana on February 28

    04.02.2023

    What is happening in the NFT market in 2023. Which collections are the most profitable

    03.02.2023

    how the decision of the American authorities affected the crypto market

    03.02.2023
    Add A Comment

    Leave A Reply Cancel Reply

    Recent Posts
    • “Cryptotolet will start in Q2 2023”
    • Elon Musk vows to share ad revenue with content creators
    • News Hedera (HBAR)
    • Artificial intelligence determined the price of Solana on February 28
    • MMA fighter accused of advertising fraudulent NFTs
    Recent Comments
    • 수원출장 on A professor from a US university restored the Tornado Cash code to GitHub
    • 123 on Taproot support added to LND Lightning client
    • houston junk car buyer on 16,000% increase in social media mentions in 2021 Shiba inu
    • Jim Carrey Memy on Bitwise Launches NFT Tracking Index Fund
    • hotshot bald cop on Kava developers launch testnet with EVM support
    Archives
    • February 2023
    • January 2023
    • December 2022
    • November 2022
    • October 2022
    • September 2022
    • August 2022
    • July 2022
    • June 2022
    • May 2022
    • April 2022
    • March 2022
    • February 2022
    • January 2022
    • December 2021
    • November 2021
    • October 2021
    • September 2021
    • August 2021
    • July 2021
    • June 2021
    • May 2021
    • April 2021
    • March 2021
    • February 2021
    • January 2021
    • December 2020
    Categories
    • Altcoins
    • Analytics
    • Bitcoin
    • Blockchain
    • Ethereum
    • ICO
    • Mining
    • Other
    • Regulators
    • Security
    Meta
    • Log in
    • Entries feed
    • Comments feed
    • WordPress.org
    Top Posts

    Subscribe to Updates

    Get the latest sports news from SportsSite about soccer, football and tennis.

    Advertisement
    Demo
    Facebook Twitter Instagram Telegram
    • Home
    • Bitcoin
    • Ethereum
    • ICO
    © 2023 Bt-Crow.com - CryptoNews

    Type above and press Enter to search. Press Esc to cancel.