Technical Analysis: Bitcoin (BTC), Ethereum (ETH) and Binance Coin (BTC) Price Forecasts!


When BTC reached the $70,000 limit, Evergrande got the news. The fact that the company is officially bankrupt negatively affects all risk markets. But Bitcoin nevertheless, he seems to have recovered himself, will he continue the price rise, which was over $ 65,000 at the time of writing?

Bitcoin (BTC)

The Bears saw the incoming negative news as a great opportunity, Bitcoin it pushed its price back to the hourly EMA55, and this moving average throughout the day remained strong against sellers. But the bulls don’t seem intent on giving up. The price has been holding above $64,700 for several hours. Although the RSI has fallen into the oversold zone on the four-hour chart, this may support the upcoming rise in the coming days. Even rumors of Evergrande bankruptcy Bitcoin it had a greater impact on its price, the limited losses over the past 24 hours indicate that the current situation is good.

Who makes mandatory price adjustments Bitcoin (BTC) he turned his direction up again, in the short term, new attacks may begin for $ 70,000.

I ethereu (ETH)

Evergrande if he hadn’t known, he would have reached $5,000 later that night ETH we could have seen it. But the news of bankruptcy negatively affected all crypto currencies. Easing up to $4,461 on the day Ethereumprice he has no intention of losing the 4,500 zone. At the time of writing, the price is again above $ 4,750.

The line approaching the bottom in the oversold zone turned its direction up again with a price. The bears managed to pierce the four-hour EMA55 support yesterday. The fact that the price quickly compensates for these losses makes it possible to meet the target of 4.900 dollars for the following hours.

Binance Coin (BNB)

BTC and ETH he suffered measured losses. But BNB he outperformed them all, the price soon fell by more than 5%. The price is holding above the 570 dollar resistance despite yesterday’s sharp decline. However, the price has not yet been able to clearly determine its direction. If there is no new shock that will affect the crypto currency markets, the rise may continue due to the positive weather.

Buyers who turned the decline into an opportunity made nice purchases from the 600 dollar regions. RSI it is recovering, and moving averages seem to be satisfied with the current state of the price. The MACD is positive, but one should not speak for sure before the 641 dollar level is exceeded. During the summer period BNB he continues to find buyers from 628 dollars.

Disclaimer Of Liability: The information contained in this article absolutely does not contain investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and they should conduct their transactions in accordance with their own research.
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