USD

AED

AFN

ALL

AMD

ANG

AOA

ARS

AUD

AWG

AZN

BAM

BBD

BDT

BGN

BHD

BIF

BMD

BND

BOB

BRL

BTN

BWP

BYN

BZD

CAD

CDF

CHF

CLF

CLP

CNH

CNY

COP

CRC

CUC

CUP

CVE

CZK

DJF

DKK

DOP

DZD

EGP

ERN

ETB

EUR

FJD

FKP

GBP

GEL

GHS

GIP

GMD

GNF

GTQ

GYD

HKD

HNL

HRK

HTG

HUF

IDR

ILS

IMP

INR

ISK

JMD

JOD

JPY

KES

KGS

KHR

KMF

KPW

KRW

KWD

KYD

KZT

LAK

LBP

LKR

LRD

LSL

LYD

MAD

MDL

MGA

MKD

MMK

MNT

MOP

MRO

MRU

MUR

MVR

MWK

MXN

MYR

MZN

NAD

NGN

NIO

NOK

NPR

NZD

OMR

PAB

PEN

PGK

PHP

PKR

PLN

PYG

QAR

RON

RSD

RUB

RWF

SAR

SBD

SCR

SDG

SEK

SGD

SHP

SLL

SRD

SSP

STD

STN

SVC

SYP

SZL

THB

TJS

TMT

TND

TOP

TRY

TTD

TWD

TZS

UAH

UGX

UYU

UZS

VES

VND

VUV

WST

ZAR

ZMW

ZWL

Cryptopolitan 2021-08-18 21:19:34

Bitcoin price analysis: Bears pounce on BTC as price crashes below $45k

TL;DR Breakdown Bitcoin price analysis shows big risk as bears take the price under $45,000The 200-day moving average holds the key to the next price actionThe BTC/USD pair is moving within a tight range of 1,200 dollars on an hourly basis The price of Bitcoin is showing signs of weakness as the pair is moving within a tight range but shifted its focus downwards. After reaching out towards the lower support at $44,000, the pair started moving up towards the $46,300 level after being rejected from there later in the afternoon. Profit-taking is the reason why bulls are unable to penetrate beyond $48,000 in a decisive move with massive volumes. Bitcoin price analysis suggests that short-term fatigue can set where the price of BTC can move below $44,000. The daily chart shows a high of $47,500, and the bulls have fallen drastically near this level. The 200-day moving average is beckoning the price to cross $45,000, but the 21-week moving average is putting pressure from above. The potential bullish signs are evident in the rise from $44,000 to the current $44,900 as per Bitcoin price analysis. Bitcoin price movement in the last 24 hours: Bulls unable to drive the price above $45,000 Bitcoin price chart by TradingView The hourly charts paint a dilemma where the bulls are unable to break out from the bearish divergence. The bearish triangle pattern formed a week earlier signals near-term caution on the hourly charts. However, the l...