Market Analysis of Bitcoin on Wednesday, May 19, 2021

2021-05-19 14:05Source:BtcDana

BITCOIN


The global market value is $2181.56 billion, with a 24H increase of +1.29%, a 7-day increase of -13.15%. The market value of BTC is $806.787 billion, accounting for 36.98% of the global market value, at a price is $42,900 (-1.47%). Data: On Monday, the amount of bitcoin pouring into crypto exchanges reached 30,000, the highest within 15-month. Recently, cryptocurrencies have been greatly affected by US stocks, US debt and inflation. From the technical point of view, the daily line of Bitcoin is under obvious pressure, and the rebound is weak. At present, 40.000 support points are tested, and the H4 graph continue to test lows. The indicators show bearish signs and short positions are dominant. Overall prioritise operation on the fluctuation zone. The deciding point whether to buy or sell is near 42000

 https://asset.ycxfy.com/upload/file/1621353600000/1621408014829.png

Resistance:42000-43500-46000

Support:39000-37800-35000


Disclamer: The report is speculatif and DO NOT guarantee profit. Not financial advice. Please trade at your own risk.

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