Bitcoin Price Watch: BTC Sellers Target Breakdown Below $3,000

2018-12-14 10:00

Key Points

Bitcoin price declined further and broke the $3,295 and $3,200 supports against the US Dollar. There was a break below a major contracting triangle with support at $3,355 on the hourly chart of the BTC/USD pair (data feed from Kraken). The price traded to a new weekly low at $3,150 and it is currently correcting losses.

Bitcoin price declined below the $3,200 support recently against the US Dollar. BTC could continue to face a lot of selling interest near the $3,350 and $3,375 levels.

Bitcoin Price Analysis

Yesterday, we discussed the chances of a fresh weekly low below $3,200 in bitcoin price against the US Dollar. The BTC/USD pair did trade lower and broke the $3,295 and $3,260 support levels. The price even broke the $3,200 support area to signal a major bearish wave. A new weekly low was formed at $3,150 and it seems like the price remains in a significant downtrend.

During the decline, there was a break below a major contracting triangle with support at $3,355 on the hourly chart of the BTC/USD pair. The pair is now trading well below the $3,400 level and the 100 hourly simple moving average. It recently corrected above the $3,230 level and the 23.6% Fib retracement level of the last slide from the $3,491 high to $3,150 low. However, buyers struggled to clear the $3,265-3,300 resistance zone. The next major hurdle is near the $3,360 level. It coincides with the 61.8% Fib retracement level of the last slide from the $3,491 high to $3,150 low. Besides, the triangle resistance trend line is at $3,375 to prevent gains.

Looking at the chart, bitcoin price is clearly trading in a bearish zone below $3,375. There could be more losses below $3,150 and $3,000 in the near term.

Looking at the technical indicators:

Hourly MACD – The MACD for BTC/USD is slowly reducing its bearish slope.

Hourly RSI (Relative Strength Index) – The RSI is still well below the 40 level.

Major Support Level – $3,200

Major Resistance Level – $3,375

The post Bitcoin Price Watch: BTC Sellers Target Breakdown Below $3,000 appeared first on NewsBTC.

origin »

Bitcoin price in Telegram @btc_price_every_hour

Bitcoin (BTC) на Currencies.ru

$ 77724.74 (-0.10%)
Объем 24H $32.41b
Изменеия 24h: -0.15 %, 7d: 3.24 %
Cегодня L: $77592.31 - H: $79369.59
Капитализация $1556.162b Rank 1
Цена в час новости $ 3311.69 (2246.98%)

price bitcoin below btc watch breakdown sellers

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