![]() With fresh United States jobs data due, monitoring resource Material Indicators was bracing for volatility, this as yet remaining absent. Related: Bitcoin keeps liquidating longs as BTC price action gives up $22K support ![]() Source: Pierre/Twitter Dollar dips after resistance rematchĭata from the Binance order book, meanwhile, showed the “busy” area of bid and ask liquidity surrounding spot price. The 200-day EMA also featured in the roadmap of fellow popular trader and commentator Pierre, who inferred that there would be little stopping BTC/USD from dropping to its 100-day MA should a breakdown now ensue. $17K to $15K revisited? /LOnA0RRHcO- Nunya Bizniz March 9, 2023 What price may look like based on 2012 & 2015. Twice price never looked back and now for the 3rd time price has fallen back below. Once this has occurred the bottom is generally in. Trader and commentator Nunya Bizniz flagged a similarly bearish signal currently playing out in the form of Bitcoin’s 200-day exponential moving average (EMA).īased on historical patterns, he warned, room for losses clearly remained. Source: Pentoshi/TwitterĪn accompanying chart showed the significance of the current spot price zone within Bitcoin’s broader range - and the potential consequences of the range were lost. “Below this can get ugly w 19.7-20.5k on the table.” BTC/USD annotated chart. Would have liked a SFP (one may still come),” he wrote in an update on a prior BTC price forecast. Best r/r currently however not a fan of the slow bleed. With $22,000 in danger of flipping from support to resistance, popular trader Pentoshi was among those warning that further undoing of support may come next. Source: TradingView Trader: $19,700 “on the table”ĭata from Cointelegraph Markets Pro and TradingView showed BTC/USD circling $21,800 on Bitstamp. Bitcoin ( BTC) rested at multi-week support at the March 9 Wall Street open as concerns over a deeper BTC price drop increased.
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