What's next for BTC Price?

A Bärisches “Death Cross” signal, in which the short -term moving average is used up below the long -term moving average on the hourly diagram of Bitcoin and the speculation triggered the short -term prize track from BTC.

The hourly moving average of 50 has dropped below the hourly moving average of 200 on the Bitcoin -hour -hour diagram, which indicates a “Death Cross”. Bitcoin reacted to the hourly formation “Death Cross” by initially beating up the trend, but until recently it marked two hour red candles.

At the time of the letter, BTC rose by 0.94% to 103,850 US dollars in the last 24 hours, since the wider crypto market easily recovered after yesterday's decline.

The Bitcoin price continues to consolidate within a relatively narrow area between $ 100,703 and USD 105,787. The sideways movement shows that the market is still uncertain, with bulls and bears in a deadlock.

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While death crosses usually indicate the potential disadvantage, especially in the case of higher time frames, the hourly version often signals short -term weakness than a significant trend shift. Dealers are now looking for a confirmed breaks over or below the current area to determine the next movement of BTC.

What's next for BTC Price?

Bitcoin oscillates in the last few days (since May 9) in an area that indicates a balance between supply and demand. The BTC Prize has remained over the psychologically important barrier of $ 100,000, which indicates that the bulls hold on to their positions if they expect another step.

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A break over 105,787 US dollars can develop the bullish dynamics again. In this case, Bitcoin can address $ 120,000, as some analysts predict.

However, a continuous inability to increase the price over the all -time high of $ 109,114 can tempt short -term buyers to book profits. This means that the support of $ 100,000, which exhausts the risk of failure. A dip below the present area of ​​100,703 US dollars can pave the way for a deeper correction.