empty
04.02.2022 06:59 PM
Bitcoin has launched an assault on $40.5k: what to expect from the cryptocurrency in the near future?

Over the past 10 days, Bitcoin has touched the downward trend line twice, which prevented the coin from gaining a foothold above $40k. After local consolidation, the cryptocurrency is again approaching the $40.5k mark. The growth of BTC is accompanied by a surge in consumer activity and a sharp upward movement of technical indicators.

On the hourly timeframe, we see the formation of a powerful bullish candle, which confirms the fact of a retest of the $40.5k level. Technical indicators support the upward mood of buyers and go into the overbought zone. But at the same time, the first signs of sellers' activation are visible. In the area of the downward trend line, the bears began to buy off the growth and push the price down, as can be seen by the growing upper wick. Sellers are trying to seize the initiative.

The four-hour chart gives us a more complete picture, where it can be seen that the upward movement began within the rebound from the support level of $36.2k. In the area of $37.3k and $37.8k, local clusters of sales were broken through, thanks to which the price received additional fuel to move to $40k. The 4H chart confirms that there is a struggle for the local area of $39.3k-$39.5k. Bulls are holding positions, but bears are increasing the pressure. Despite this, technical indicators indicate a further increase: the MACD has moved into the green zone, and stochastic and RSI are in the overbought zone.

The daily chart indicates the approach to the final part of the resistance area. Bitcoin has received a significant acceleration due to the growth of volumes and the appearance of large buyers. Technical indicators indicate the continuation of the current trend of price movement due to growing volumes. But the presence of bears is beginning to be felt on a daily timeframe.

Taking into account the volumes that have appeared, as well as the third retest of this zone over the past two weeks, it can be assumed that the $40.5k level will be broken. But subsequently, buyers are unlikely to be able to hold the $40k milestone with a pullback movement, since buyers' positions are very weak globally. Most likely, we are waiting for a downward trend or a false breakdown, as a result of which the price will go to collect liquidity in the range of $32k-$35k.

If the price reaches $40.5k and manages to gain a foothold above it after a pullback movement, we can talk about another consolidation period. Subsequently, the price will decline again beyond the $40k mark, where the $38.9k level will become an important support zone. In any case, a bullish breakdown and consolidation above $40k will be an important bullish signal that will mark the completion of the first stage of the recovery of BTC/ USD quotes.

Seleccione el marco de tiempo
5
min
15
min
30
min
1
hora
4
horas
1
día
1
s.
Gana con los cambios en el valor de las criptomonedas con InstaForex.
Descarga MetaTrader 4 y abre tu primera operación.
  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    UNIRSE AL CONCURSO

Recommended Stories

Recomendaciones para operar en el mercado de criptomonedas el 22 de abril

El Bitcoin ha vuelto a la zona de los $88 000, mientras que el Ethereum está mostrando ciertos problemas. La venta masiva de ayer durante la sesión estadounidense

Miroslaw Bawulski 08:49 2025-04-22 UTC+2

Recomendaciones para operar con el Bitcoin el 22 de abril con el sistema ICT.

El Bitcoin mostró un crecimiento significativo el lunes, lo que pone en duda la continuación de la formación del ciclo bajista. El precio se acerca a los dos últimos máximos

Paolo Greco 07:36 2025-04-22 UTC+2

Recomendaciones para operar con el Bitcoin el 21 de abril según el sistema ICT.

El Bitcoin se activó durante el pasado fin de semana, sin que hubiera razones ni fundamentos concretos para ello. Simplemente el mercado volvió a lanzarse a comprar la primera criptomoneda

Paolo Greco 08:45 2025-04-21 UTC+2

Recomendaciones para operar en el mercado de criptomonedas el 18 de abril

El Bitcoin y el Ethereum permanecen dentro de sus canales laterales y la incapacidad para salir de estos rangos podría poner en peligro las perspectivas de una recuperación más amplia

Miroslaw Bawulski 07:30 2025-04-18 UTC+2

El interés por el Bitcoin y el Ethereum está regresando

Mientras el Bitcoin y el Ethereum aún no logran encontrar la fuerza para volver al mercado alcista, asustando cada vez a los inversores y traders con fuertes retrocesos hacia

Jakub Novak 07:29 2025-04-18 UTC+2

Recomendaciones para operar con el Bitcoin el 18 de abril según el sistema ICT.

El Bitcoin continúa su recuperación, pero el potencial de crecimiento está limitado por la FVG más cercana, que el precio no ha podido superar durante ya 6 días. El precio

Paolo Greco 07:29 2025-04-18 UTC+2

Recomendaciones para operar en el mercado de criptomonedas el 17 de abril

El Bitcoin y el Ether cayeron bastante después de la intervención de ayer del presidente de la Reserva Federal, Jerome Powell, quien declaró que el regulador ya no planea reducir

Miroslaw Bawulski 07:50 2025-04-17 UTC+2

Recomendaciones para operar con el Bitcoin el 17 de abril según el sistema ICT.

El Bitcoin continúa su recuperación, pero el potencial de crecimiento está limitado por el FVG más cercano, que el precio no ha podido superar desde hace 5 días. Últimamente

Paolo Greco 07:50 2025-04-17 UTC+2

El Bitcoin regresó al nivel de $83 000

La caída de ayer del mercado bursátil estadounidense arrastró consigo al Bitcoin y al Ethereum. Los inversores, asustados por la perspectiva de una recesión en EE. UU. y la huida

Jakub Novak 10:31 2025-04-16 UTC+2

Recomendaciones para operar en el mercado de criptomonedas el 16 de abril

La presión sobre el mercado de criptomonedas regresó ayer justo después de que los traders e inversores volvieran a realizar ventas masivas de acciones en el mercado bursátil

Miroslaw Bawulski 10:31 2025-04-16 UTC+2
¿No puede hablar ahora mismo?
Ingrese su pregunta en el chat.
Widget callback
 

Dear visitor,

Your IP address shows that you are currently located in the USA. If you are a resident of the United States, you are prohibited from using the services of InstaFintech Group including online trading, online transfers, deposit/withdrawal of funds, etc.

If you think you are seeing this message by mistake and your location is not the US, kindly proceed to the website. Otherwise, you must leave the website in order to comply with government restrictions.

Why does your IP address show your location as the USA?

  • - you are using a VPN provided by a hosting company based in the United States;
  • - your IP does not have proper WHOIS records;
  • - an error occurred in the WHOIS geolocation database.

Please confirm whether you are a US resident or not by clicking the relevant button below. If you choose the wrong option, being a US resident, you will not be able to open an account with InstaForex anyway.

We are sorry for any inconvenience caused by this message.