Bitcoin prices could drop below $ 80,000: Beware of key signals

Technical indicators such as DMI and Ichimoku cloud now point to a change in the trend of bitcoin price. Recently, sellers are increasingly taking control. While BTC oscillates near critical support areas, other economic data related to the United States could play a decisive role in the next movement.

Bitcoin DMI indicates the leadership of dealers

Graph DMI (Index of direction of direction) Bitcoin currently shows ADX at 21.51.

It is interesting to note that the trend has recently changed. In fact, it went from the ascending trend to the trend down. In the last few days, the bitcoin course has lost its bulliness to reduce the reduction.

This transition is significant because it often prevents pressure on continuous sale. This if the Bulls cannot quickly regain control.

ADX (average directional index) measures the power of trend regardless of its direction. Adx below 20 generally indicates a low or non -existent trend, while a value above 25 suggests that the current trend is strong.

Currently, with ADX at 21.51, Bitcoin is in the area of ​​growing trendy force, but it is not very strong yet. In parallel, +di, which represents the bull power, suddenly fell from 26.33 to 14.58. This shows that demand is down and the increase loses power.

At the same time, the pressure represents the pressure down, climbed from 13.2 to 33.41. The sellers thus firmly took over the control and could create more bloodshed. This clean cross between +di and -di indicates a clear change in the feeling of market. For BTC, this could make an even more alarming decline in the lesson.

Ichimoku cloud that is not to calm us down

The cloud chart of Ichimoku bitcoins shows signs that reflect us towards the declining trend. In fact, because the actions of the price exceeded the thin (blue line) and Kijun (red line), indicating the weakening of dynamics.

Worse, the last candle has definitely pierced the lower limit of the green cloud (kumo), indicating the potential tendency of conversion or even the beginning of a deeper correction.

This rupture also means that the cloud that previously acted as support could now serve as a resistance. This, especially if the course attempts a rapid reflection.

In the Ichimoku system, the cloud represents both support/resistance and trend. When the course is above the cloud, the trend is up; Below, downstream. If the price of bitcoins is inside, the market is in consolidation.

With the current slide under the cloud, this means that the pressure down is taking control. The future cloud also seems to be thinning and reveals a reduction in the tendency to come.

If the BTC does not return to the cloud quickly and thin, sellers should maintain their advantage.

Is the price of Bitcoins on April $ 100,000?

The Bitcoins course could not reveal the resistance area near $ 800. From now on, key support comes to 84 736, which he will have to maintain.

This level will be essential for determining the administration of the short -term course. If this level retreats (as is currently), the market could intensify its repair. BTC would therefore go to further support for $ 81,162.

The loss of this area could expose bitcoins to a larger decline, including a decline below the psychological threshold of $ 80,000, with $ 79,970 and $ 76,644 acting as support. At present, the momentum seems to benefit from the decrease in downgrads that gradually gain the soil. If there is no strong reflection, the download increases more and more often.

This means that American macroeconomic data could lean the scales in favor of bruises.

If these events positively stimulate the market feeling, the price of bitcoin would start up. The course would again test a resistance of $ 88,800 in order to exceed it. Until this time, the asset would deal with higher goals, which would lead to $ 100,000.

Rally supported outside these levels could revive the hope of $ 100,000 in April.

Story Morale: Bitcoin, circulate and enjoy spring, still wants to pull us out during the day.