Bitcoin Trades Marginally Above $47K as Sellers Threaten to Short – August 30, 2021
Following the rejection at $49,650, the BTC/USD price is making a series of lower highs and lower lows as sellers threaten to short. On August 31, the downtrend made a lower low of $46,700. As already indicated, Bitcoin will reach a low of $44,000 if the previous price level is breached. The BTC price is currently facing rejection at $47,900 which will propel it to break below the previous price level of $46,700.
Nivelurile de rezistență: 50,000 $, 51,000 $, 52,000 $
Niveluri de asistență: 40,000 $, 39,000 $, 38,000 $
On August 30, after the breakdown, Bitcoin plunged to $46,903 low. Buyers attempted to push Bitcoin on the upside. The upward correction is facing rejection at the $47,900 high. If buyers succeed in pushing Bitcoin above $48,900, the downward correction is likely to be over. Presently, Prețul BTC is falling after being resisted at level $47,900 high. The downtrend will resume if the bears break below the $46,700 price level. The resultant effect is that Bitcoin will drop to the breakout level of $42,000 low. If this low is breached, Bitcoin will fall below $40,000 and resume deeper correction.
The Billionaire Investor, John Paulson Says Crypto Has ‘No Intrinsic Value’
John Paulson is the co-founder of Paulson & Co, a New York-based firm launched in 1994. He is the historic beneficiary of the United States housing financial market collapse of 2008 after placing a legendary successful short position. John Paulson condemned the volatile nature of digital assets while he recommends investments in traditional safe-havens such as gold. Paulson in an interview indicated that the emerging cryptocurrency market has assets that have a “limited supply of nothing” and “no intrinsic value,” Paulson in his final comment indicated thus: “Cryptocurrencies, regardless of where they’re trading today, will eventually prove to be worthless. Once the exuberance wears off, or liquidity dries up, they will go to zero. I wouldn’t recommend anyone invest in cryptocurrencies.”
Meanwhile, BTC’s price is in a downward move as sellers threaten to short .The bottom line is that the selling pressure will persist if the $46,700 support is breached. On the other hand, the upside momentum will resume if BTC price reclaims, the $48,900 high. BTC price is still trading marginally above the $47,000 support.
Doriți să cumpărați sau să tranzacționați Bitcoin (BTC) acum? Investiți la eToro!
75% din conturile de investitori cu amănuntul pierd bani atunci când tranzacționează CFD-uri cu acest furnizor
- &
- 000
- Bunuri
- August
- Urșii
- Bitcoin
- Breakout
- BTC
- pret btc
- BTC / USD
- cumpăra
- Co-fondator
- cripto
- cryptocurrencies
- cryptocurrency
- piata de criptare
- digital
- Active digitale
- Picătură
- cu care se confruntă
- financiar
- Firmă
- Aur
- Înalt
- carcasă
- HTTPS
- Interviu
- Investiții
- investitor
- IT
- Nivel
- Linie
- Lichiditate
- Efectuarea
- Piață
- Impuls
- bani
- muta
- Altele
- prezicere
- presiune
- preţ
- Predicția prețurilor
- cu amănuntul
- Vanzatorii
- serie
- Pantaloni scurți
- Statele
- de succes
- livra
- a sustine
- comerţului
- meserii
- Trading
- Unit
- Statele Unite
- valoare
- zero