{"id":19256,"date":"2022-11-28T12:19:54","date_gmt":"2022-11-28T12:19:54","guid":{"rendered":"https:\/\/mailinvest.blog\/index.php\/2022\/11\/28\/btc-gets-a-huge-relief\/"},"modified":"2022-11-28T12:19:54","modified_gmt":"2022-11-28T12:19:54","slug":"btc-gets-a-huge-relief","status":"publish","type":"post","link":"https:\/\/mailinvest.blog\/index.php\/2022\/11\/28\/btc-gets-a-huge-relief\/","title":{"rendered":"BTC Gets A Huge Relief"},"content":{"rendered":"

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\n We’re back with another price analysis<\/a>. This week, BTC and Ethereum have shown strong gains against the US dollar, while Binance Coin (BNB), Cardano (ADA), and Stellar (XLM) have all suffered from declining prices.\n<\/p>\n

\n The price of BTC has been trending lower since its peak<\/a> at around $19,000. As of this writing, BTC is trading at around $18,600. The cryptocurrency has been trading in a range between around $18,000 and $19,000 for the past few days.\n<\/p>\n

\n The MACD is a momentum indicator that shows the relationship between two moving averages. This can be confirmed by observing that the MACD has crossed over from below to above its signal line.\n<\/p>\n

BTC Looks For A Positive Run<\/b><\/p>\n

\n The EMA is a trend-following indicator that shows the average price over a given time period. We can use this tool to confirm whether or not our hypothesis about Bitcoin’s movement will be correct; if we believe it to be in an uptrend, we look for another higher low than previous ones and wait for confirmation before buying into it again.\n<\/p>\n

\n Ethereum has been one of the top performers in recent weeks, rising from $527 to currently trade around $600. ETH buyers may look to buy on dips in the mid-$540 zone and accumulate ahead of Sunday’s futures expiry. Buyers may look for a break above resistance at $615 for a move toward $650.\n<\/p>\n

\n Binance Coin (BNB) has been trending lower since the start of December after its monthly rally saw the coin reach highs of $38. It is currently trading around $27.\n<\/p>\n

\n The price action has found resistance at $32, which is a key level that held in Q3. The next level to watch out for is $33, which was supportive in late September and early October and held as well during Q3. Failure to break above these levels could lead to further weakness with a potential target at $24-$25.\n<\/p>\n