Daily Price Outlook
- Bitcoin grooves at $26,447, with a 0.47% decline and a lively trading volume of $9.4 billion.
- The BTC/USD pair showcases a sensational move, completing a 50% Fibonacci retracement at 26,600, with a whimsical tweezer top pattern hinting at a potential price drop.
- The dance floor intensifies as the 50-day exponential moving average and a sassy downward trend line join forces to fortify the resistance at 26,600 for Bitcoin’s performance.
Bitcoin takes the stage at $26,447, delivering a smooth 0.47% decline in the past 24 hours. The beats are alive with a trading volume of $9.4 billion, showcasing an energetic market groove.
Holding its crown as the top cryptocurrency, Bitcoin shines with a lively market capitalization of $513,244,474,171 USD. With 19,406,312 coins swaying in circulation and a maximum supply of 21,000,000 BTC coins, Bitcoin’s dance continues in the cryptocurrency market.
The BTC/USD pair recently hit the dance floor, completing a 50% Fibonacci retracement at the sensational level of 26,600.
A whimsical tweezer top pattern emerges on the daily timeframe, signaling a possible shift in the bullish vibes and hinting at the potential for a price drop if it stays below the resistance at 26,600.
As we dive deeper into the daily timeframe, the beats get stronger. The 50-day exponential moving average and a sassy downward trend line team up to fortify the dance floor at 26,600.
These dynamic duos create a choreographed routine of significant obstacles for Bitcoin at this electrifying level.
BTC/USD Price Chart – Source: Tradingview
BTC/USD – Trade Idea
Entry Price –– Buy Above 26250
Stop Loss – 25660
Take Profit – 27375
Risk to Reward – 1 : 1.90
Profit & Loss Per Standard Lot = +$1120/ -$590
Profit & Loss Per Micro Lot = +$112/ -$59
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