Crypto GuestPosts

The upward trend of the Bitcoin price (BTC) has ended as it has dropped below the moving-average lines. BTC price analysis from CryptoGuestPosts.

Bitcoin Price Forecast: Bearish

The cryptocurrency price has moved away from the $72,000 threshold zone. Since March 14, the biggest cryptocurrency has traded in a sideways pattern, hovering around $66,000 to $72,000 as it anticipates a bull market. The uptrend was rebuffed despite several unsuccessful attempts by buyers to continue the trend.

Bulls purchased dips, causing Bitcoin to fall significantly. Bitcoin will continue to be under pressure as it falls below the SMA of 50 days. Bitcoin will drop to a minimum of 60,000. If the bears were to break through the $60,000 level, then the cryptocurrency could fall as low as $57,000 or $54,000. Bitcoin's current value is $64,109.

Bitcoin indicator reading

BTC's price bars are now below the moving average line. As long as price bars are above moving average lines, the selling pressure will continue. The price bars on the 4-hour chart have fallen significantly, which indicates a bearish direction. The 21-day SMA has dropped below the 50 day SMA, which indicates a downward trend.

Technical indicators

Key Resistance Levels - $70,000 and $80,00

Key Support Levels - $50,000 and $40,000.

What is the future direction of BTC/USD?

Bitcoin has now fallen below the moving-average lines. The biggest cryptocurrency has fallen from its previous highs of $72,000 and $60,593. Bulls bought dips but the correction on the upside ended at $68,000. The decline started to move slightly downward.

CryptoGuestPosts previously reported that the resistance levels $72,762 or $73,666 would be breached if Bitcoin rose above the 21-day SMA, or the $70,000 level of support.

Disclaimer. This analysis and forecast is the personal opinion of the author. It does not constitute a recommendation for the purchase or sale of cryptocurrency, and should not therefore be considered as a endorsement by CryptoGuestPosts. Before investing in funds, readers should conduct their own research.

Quant's (QNT) price has fallen below the moving average line after it encountered resistance at least twice near its $150 high.

Quant price long-term forecast: bearish

CryptoGuestPosts.com's price analysis shows that Quant is currently trading at a low between $117 and 118. Rejections have slowed down the recovery. QNT is recovering from its decline.

Buyers are trying to raise the altcoins above the moving-average lines. QNT's upward trend is likely to resume if the buyers are able to break the moving average line. If the altcoin is rejected by the moving average line, it will drop even more to $106.

Quantitative price indicator analysis

The price bars of the cryptocurrency are now below their moving average line after the recent drop. Moving average lines indicate the rise of previous price bars. Candlestick wicks are a key indicator of QNT's pricing activity. The long candlestick indicates a strong selling pressure of $150.

Technical indicators

Important Supply Zones: $140 $150 $160

Important demand zones: $90, $80, $70

What's the next step for Quant?

QNT falls below the moving-average lines. Due to strong selling pressure, the cryptocurrency's upward trend has been stopped four times already at $150. The altcoin must move above the $101 resistance and below the moving-average lines, where QNT faces a rejection from the recent high.

Disclaimer. This analysis and forecast is the personal opinion of the author. It does not constitute a recommendation for the purchase or sale of cryptocurrency, and should not therefore be considered as an endorsement from CryptoGuestPosts. Before investing in funds, readers should conduct their own research.