Bitcoin (BTC/USD) weakened early in today's Asian session as the pair depreciated to the 46000 area after trading as high as the 52107.83 area during the North American session, with the interday high representing a test of the 100-hour simple moving average, and the 23.6% retracement of the appreciating range from 32200 to 58367. The intraday low represents a test of the 38.2% retracement of the appreciating range from 41509 to 48912. Traders continue to monitor the movements of BTC/USD around the psychologically-important 50000 figure. Stops were recently elected below a series of downside retracement levels including 51473.20, 50674.71, 49674.05, 48741.27, 48371.21, and 47208.40. If BTC/USD extends its move lower, traders will pay close attention to potential areas of technical support including 44441.89, 43761.50, 42786.36, 42259.21, and 41537.23.
Copying/Pasting full or partial texts with adding very little original content are frowned upon by the community. Repeated copy/paste posts could be considered spam. Spam is discouraged by the community and may result in the account being Blacklisted.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit