Bitcoin Price Watch: BTC Could Extend Losses Below $3,600

2018-12-27 09:00

Key Points

Bitcoin price failed to correct higher above the $3,840 and $3,900 levels against the US Dollar. There is a major bearish trend line in place with resistance at $3,800 on the hourly chart of the BTC/USD pair (data feed from Kraken). The price is currently at a risk of a downside break below the $3,660 and $3,600 support levels.

Bitcoin price is consolidating losses above the $3,600 support against the US Dollar. BTC may continue to struggle and it could even break the $3,500 pivot area.

Bitcoin Price Analysis

The past few hours were mostly bearish for bitcoin price below the $3,840 resistance against the US Dollar. The BTC/USD pair started an upside correction after trading as low as $3,669. It moved above the $3,700 and $3,740 levels. There was even a break above the 23.6% Fib retracement level of the recent drop from the $4,250 swing high to $3,669 low. However, the upside move was capped by the $3,840 and $3,850 resistances.

Moreover, there is a major bearish trend line in place with resistance at $3,800 on the hourly chart of the BTC/USD pair. The pair needs to break the trend line and the $3,840 resistance to gain momentum. The next resistance is near the $3,960 level. It represents the 50% Fib retracement level of the recent drop from the $4,250 swing high to $3,669 low. An intermediate resistance is near the $3,900 level and the 100 hourly simple moving average.

Looking at the chart, bitcoin price may continue to move down if there is no break above $3,900. On the downside, a break below the $3,660 and $3,600 support levels could accelerate losses. The next key support is at $3,500, which may act as a decent buy zone.

Looking at the technical indicators:

Hourly MACD – The MACD for BTC/USD is back in the bearish zone.

Hourly RSI (Relative Strength Index) – The RSI moved back below 50 level with a bearish angle.

Major Support Level – $3,660

Major Resistance Level – $3,900

The post Bitcoin Price Watch: BTC Could Extend Losses Below $3,600 appeared first on NewsBTC.

origin »

Bitcoin price in Telegram @btc_price_every_hour

Bitcoin (BTC) на Currencies.ru

$ 76586.92 (+0.18%)
Объем 24H $32.194b
Изменеия 24h: -0.71 %, 7d: 0.35 %
Cегодня L: $76217.26 - H: $76586.92
Капитализация $1533.433b Rank 1
Цена в час новости $ 3803.79 (1913.44%)

price bitcoin below btc could watch extend

Источник: newsbtc.com

price bitcoin → Результатов: 126


Фото:

Bonk Price Prediction 2026: Pepeto Presale Fills as Bitcoin ETFs Cross $100 Billion in Assets

Bitcoin spot ETFs just crossed $100 billion in cumulative assets under management, and that milestone proves institutional capital is no longer testing the water but diving in headfirst.  While every bonk price prediction adjusts around this wave of new money, the meme coins sitting 90% below their peaks need months of sustained buying to deliver […] The post Bonk Price Prediction 2026: Pepeto Presale Fills as Bitcoin ETFs Cross $100 Billion in Assets appeared first on CaptainAltcoin.

2026-4-10 09:35


Фото:

Bitcoin Price Continues Sliding as President Trump Signals Iran Escalation, Raising Risk of Drop Toward $60,000

Bitcoin Magazine Bitcoin Price Continues Sliding as President Trump Signals Iran Escalation, Raising Risk of Drop Toward $60,000 Bitcoin price fell nearly 4% after President Trump signaled potential escalation against Iran, sparking a broad risk-off move across global markets and dragging the BTC price temporarily below $66,000.

2026-4-3 17:47


Фото:

Elliot Wave Theory Says Bitcoin Price Is Headed To $40,000, But The End Game Will Shock You

A technical analyst known as ‘V’ has shared a striking Elliott Wave Theory-based Bitcoin price outlook on X that he believes most market participants are completely overlooking. The chart, plotted on Bitcoin’s weekly timeframe, outlines a multi-year roadmap that could first subject the cryptocurrency to significant downside pressure, potentially triggering a price crash to $40,000 before setting the stage for an explosive rally that could shock investors and traders.

2026-3-4 18:00


Kaspa (KAS) Price Mirrors Bitcoin’s Early Path As Chart Points To New All Time High

Kaspa price is back in focus after a chart surfaced showing a striking resemblance between KAS price action and Bitcoin price behavior before one of its most powerful historical rallies. The visual comparison is hard to ignore, showing a long consolidation phase, gradual upward pressure, and then a sharp expansion that changed Bitcoin’s trajectory completely.

2026-1-21 17:30


дальше еще 77 новостей →

Партнеры Currencies.ru



Реклама на Currencies.ru

Самое свежее на Currencies.ru