RATE Group | Technichal analysis from Bitcoin, Ethereum and Monero, ¿time to buy?
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Technichal analysis from Bitcoin, Ethereum and Monero, ¿time to buy?

26 Jan Technichal analysis from Bitcoin, Ethereum and Monero, ¿time to buy?

Posted at 15:56h in Ethereum News by

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  • The 4-hour Bitcoin graph continues to show a conservative scenario, where losses could extend to $8,000.
  • Ethereum shows no signs of recovery in the short term. Other altcoins, such as Monero, are showing a buying interest and could capture the attention of more investors.
  • The market urges caution in trading, as indicators are generally stable.

BTC/USD 4 HOURS

Source: Tradingview

Bitcoin is now receding at the start of this new year, having reached its new high of $9,200.

Indicators are showing that the Bitcoin price could fall even further, extending losses to the $8,000 level.

The 200-period EMA could be the first major rebound point ($8,100). In addition, the volume profile shows significant buying interest in that range.

The 20-period Exponential Moving Average is performing a bearish cross over the 100-period EMA.

The RSI is in a downtrend, staying in the bearish control range, and with a run to oversold.

It seems logical…

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