BTC-Newswire

BTC-Newswire

Bitcoin breaks into the $46K range, triggers setbacks for shorts

Press Releases Crypto News AMB-Crypto Bitcoin breaks into the $46K range, triggers setbacks for shorts

BTC flips its previous resistance level to support.
Traders remain cautious as BTC hits new price levels.

Bitcoin [BTC] experienced a recent breakout, pushing its price into a new range that holds significance for its future trajectory. As the price reached a critical level, traders who had previously adopted short positions faced a setback.

Bitcoin moves into the $46,000 price zone

Analysis of Bitcoin on a daily timeframe showed its struggle to surpass its short Moving Average (yellow line) since falling below it around 14th January. Previously acting as support, the yellow line switched to resistance once the price trend dipped below it.

Recently, BTC has shown positive trends, successfully breaking above the yellow line and transforming it back into a support level at around $44,300.

Go to Source to See Full Article
Author: Adewale Olarinde

Did you like this?
Tip BTC Newswire with Cryptocurrency

Bitcoin
Bitcoin Cash
Ethereum
Litecoin
Monero
ZCash

Donate Bitcoin to BTC Newswire

Scan to Donate Bitcoin to BTC Newswire

Scan the QR code or copy the address below into your wallet to send some bitcoin:

Donate via Installed Wallet

[X] Click Here to Hide Donation Details

Donate Bitcoin Cash to BTC Newswire

Scan to Donate Bitcoin Cash to BTC Newswire

Scan the QR code or copy the address below into your wallet to send bitcoin:

Donate via Installed Wallet

[X] Click Here to Hide Donation Details

Donate Ethereum to BTC Newswire

Scan to Donate Ethereum to BTC Newswire

Scan the QR code or copy the address below into your wallet to send some Ether:

Donate via Installed Wallet

[X] Click Here to Hide Donation Details

Donate Litecoin to BTC Newswire

Scan to Donate Litecoin to BTC Newswire

Scan the QR code or copy the address below into your wallet to send some Litecoin:

Donate via Installed Wallet

[X] Click Here to Hide Donation Details

Donate Monero to BTC Newswire

Scan to Donate Monero to BTC Newswire

Scan the QR code or copy the address below into your wallet to send some Monero:

Donate via Installed Wallet

[X] Click Here to Hide Donation Details

Donate ZCash to BTC Newswire

Scan to Donate ZCash to BTC Newswire

Scan the QR code or copy the address below into your wallet to send some ZCash:

[X] Click Here to Hide Donation Details

AMB-Crypto

BTC NewswireAuthor posts

BTC Newswire Crypto News at your Fingertips

Related Posts ...

PEPE surges past 463K holders: Is a rally underway?

Bitcoin: How is THIS gap setting the stage for BTC’s climb to $130K?

Stellar [XLM] bulls exhausted after rally – Is a pullback nearby?

dogwifhat jumps 10%, crosses $1B market cap: Are more gains coming?

Popcat’s $100 mln volume spike and whale buy-up: Is $0.45 near?

Will JASMY break THIS key resistance? Watch out for 2 major signs!

Comments are disabled.

© All rights reserved, Powered by WordPress.

{"prefetch":[{"source":"document","where":{"and":[{"href_matches":"\/*"},{"not":{"href_matches":["\/wp-*.php","\/wp-admin\/*","\/wp-content\/uploads\/*","\/wp-content\/*","\/wp-content\/plugins\/*","\/wp-content\/themes\/xtra\/*","\/*\\?(.+)"]}},{"not":{"selector_matches":"a[rel~=\"nofollow\"]"}},{"not":{"selector_matches":".no-prefetch, .no-prefetch a"}}]},"eagerness":"conservative"}]} (function () { const calculateParentDistance = (child, parent) => { let count = 0; let currentElement = child; // Traverse up the DOM tree until we reach parent or the top of the DOM while (currentElement && currentElement !== parent) { currentElement = currentElement.parentNode; count++; } // If parent was not found in the hierarchy, return -1 if (!currentElement) { return -1; // Indicates parent is not an ancestor of element } return count; // Number of layers between element and parent } const isMatchingClass = (linkRule, href, classes) => { return classes.includes(linkRule.value) } const isMatchingDomain = (linkRule, href, classes) => { if(!URL.canParse(href)) { return false } const url = new URL(href) return linkRule.value === url.host } const isMatchingExtension = (linkRule, href, classes) => { if(!URL.canParse(href)) { return false } const url = new URL(href) return url.pathname.endsWith('.' + linkRule.value) } const isMatchingSubdirectory = (linkRule, href, classes) => { if(!URL.canParse(href)) { return false } const url = new URL(href) return url.pathname.startsWith('/' + linkRule.value + '/') } const isMatchingProtocol = (linkRule, href, classes) => { if(!URL.canParse(href)) { return false } const url = new URL(href) return url.protocol === linkRule.value + ':' } const isMatchingExternal = (linkRule, href, classes) => { if(!URL.canParse(href) || !URL.canParse(document.location.href)) { return false } const matchingProtocols = ['http:', 'https:'] const siteUrl = new URL(document.location.href) const linkUrl = new URL(href) // Links to subdomains will appear to be external matches according to JavaScript, // but the PHP rules will filter those events out. return matchingProtocols.includes(linkUrl.protocol) && siteUrl.host !== linkUrl.host } const isMatch = (linkRule, href, classes) => { switch (linkRule.type) { case 'class': return isMatchingClass(linkRule, href, classes) case 'domain': return isMatchingDomain(linkRule, href, classes) case 'extension': return isMatchingExtension(linkRule, href, classes) case 'subdirectory': return isMatchingSubdirectory(linkRule, href, classes) case 'protocol': return isMatchingProtocol(linkRule, href, classes) case 'external': return isMatchingExternal(linkRule, href, classes) default: return false; } } const track = (element) => { const href = element.href ?? null const classes = Array.from(element.classList) const linkRules = [{"type":"extension","value":"pdf"},{"type":"extension","value":"zip"},{"type":"protocol","value":"mailto"},{"type":"protocol","value":"tel"}] if(linkRules.length === 0) { return } // For link rules that target a class, we need to allow that class to appear // in any ancestor up to the 7th ancestor. This loop looks for those matches // and counts them. linkRules.forEach((linkRule) => { if(linkRule.type !== 'class') { return; } const matchingAncestor = element.closest('.' + linkRule.value) if(!matchingAncestor || matchingAncestor.matches('html, body')) { return; } const depth = calculateParentDistance(element, matchingAncestor) if(depth < 7) { classes.push(linkRule.value) } }); const hasMatch = linkRules.some((linkRule) => { return isMatch(linkRule, href, classes) }) if(!hasMatch) { return } const url = "https://btc-newswire.com/wp-content/plugins/independent-analytics-pro/iawp-click-endpoint.php"; const body = { href: href, classes: classes.join(' '), ...{"payload":{"resource":"singular","singular_id":196377,"page":1},"signature":"81f2970bc0b5d8426fdb27affafb5cad"} }; if (navigator.sendBeacon) { let blob = new Blob([JSON.stringify(body)], { type: "application/json" }); navigator.sendBeacon(url, blob); } else { const xhr = new XMLHttpRequest(); xhr.open("POST", url, true); xhr.setRequestHeader("Content-Type", "application/json;charset=UTF-8"); xhr.send(JSON.stringify(body)) } } document.addEventListener('mousedown', function (event) { if (navigator.webdriver || /bot|crawler|spider|crawling|semrushbot|chrome-lighthouse/i.test(navigator.userAgent)) { return; } const element = event.target.closest('a') if(!element) { return } const isPro = true if(!isPro) { return } // Don't track left clicks with this event. The click event is used for that. if(event.button === 0) { return } track(element) }) document.addEventListener('click', function (event) { if (navigator.webdriver || /bot|crawler|spider|crawling|semrushbot|chrome-lighthouse/i.test(navigator.userAgent)) { return; } const element = event.target.closest('a, button, input[type="submit"], input[type="button"]') if(!element) { return } const isPro = true if(!isPro) { return } track(element) }) document.addEventListener('play', function (event) { if (navigator.webdriver || /bot|crawler|spider|crawling|semrushbot|chrome-lighthouse/i.test(navigator.userAgent)) { return; } const element = event.target.closest('audio, video') if(!element) { return } const isPro = true if(!isPro) { return } track(element) }, true) document.addEventListener("DOMContentLoaded", function (e) { if (document.hasOwnProperty("visibilityState") && document.visibilityState === "prerender") { return; } if (navigator.webdriver || /bot|crawler|spider|crawling|semrushbot|chrome-lighthouse/i.test(navigator.userAgent)) { return; } let referrer_url = null; if (typeof document.referrer === 'string' && document.referrer.length > 0) { referrer_url = document.referrer; } const params = location.search.slice(1).split('&').reduce((acc, s) => { const [k, v] = s.split('='); return Object.assign(acc, {[k]: v}); }, {}); const url = "https://btc-newswire.com/wp-json/iawp/search"; const body = { referrer_url, utm_source: params.utm_source, utm_medium: params.utm_medium, utm_campaign: params.utm_campaign, utm_term: params.utm_term, utm_content: params.utm_content, gclid: params.gclid, ...{"payload":{"resource":"singular","singular_id":196377,"page":1},"signature":"81f2970bc0b5d8426fdb27affafb5cad"} }; if (navigator.sendBeacon) { let blob = new Blob([JSON.stringify(body)], { type: "application/json" }); navigator.sendBeacon(url, blob); } else { const xhr = new XMLHttpRequest(); xhr.open("POST", url, true); xhr.setRequestHeader("Content-Type", "application/json;charset=UTF-8"); xhr.send(JSON.stringify(body)) } }); })(); const lazyloadRunObserver = () => { const lazyloadBackgrounds = document.querySelectorAll( `.e-con.e-parent:not(.e-lazyloaded)` ); const lazyloadBackgroundObserver = new IntersectionObserver( ( entries ) => { entries.forEach( ( entry ) => { if ( entry.isIntersecting ) { let lazyloadBackground = entry.target; if( lazyloadBackground ) { lazyloadBackground.classList.add( 'e-lazyloaded' ); } lazyloadBackgroundObserver.unobserve( entry.target ); } }); }, { rootMargin: '200px 0px 200px 0px' } ); lazyloadBackgrounds.forEach( ( lazyloadBackground ) => { lazyloadBackgroundObserver.observe( lazyloadBackground ); } ); }; const events = [ 'DOMContentLoaded', 'elementor/lazyload/observe', ]; events.forEach( ( event ) => { document.addEventListener( event, lazyloadRunObserver ); } ); wpa_field_info = {"wpa_field_name":"gimzvd2336","wpa_field_value":931005,"wpa_add_test":"no"} var moove_frontend_gdpr_scripts = {"ajaxurl":"https:\/\/btc-newswire.com\/wp-admin\/admin-ajax.php","post_id":"196377","plugin_dir":"https:\/\/btc-newswire.com\/wp-content\/plugins\/gdpr-cookie-compliance","show_icons":"all","is_page":"","ajax_cookie_removal":"false","strict_init":"2","enabled_default":{"strict":1,"third_party":0,"advanced":0,"performance":0,"preference":0},"geo_location":"false","force_reload":"false","is_single":"1","hide_save_btn":"false","current_user":"0","cookie_expiration":"365","script_delay":"2000","close_btn_action":"1","close_btn_rdr":"","scripts_defined":"{\"cache\":true,\"header\":\"\",\"body\":\"\",\"footer\":\"\",\"thirdparty\":{\"header\":\"\",\"body\":\"\",\"footer\":\"\"},\"strict\":{\"header\":\"\",\"body\":\"\",\"footer\":\"\"},\"advanced\":{\"header\":\"\",\"body\":\"\",\"footer\":\"\"}}","gdpr_scor":"true","wp_lang":"","wp_consent_api":"false"}; var gdpr_consent__strict = "false" var gdpr_consent__thirdparty = "false" var gdpr_consent__advanced = "false" var gdpr_consent__performance = "false" var gdpr_consent__preference = "false" var gdpr_consent__cookies = "" Change cookie settings