Bitcoin Price Watch: BTC/USD Buyers Losing Control Below $6,400

2018-9-18 11:48

Key Points Bitcoin price declined recently and broke the $6,450 and $6,400 support levels against the US Dollar. There was a break below a major bullish trend line with support at $6,440 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair may perhaps continue to move down towards the $6,120 support area in the near term.

Bitcoin price decline extended below the $6,400 support against the US Dollar. BTC/USD may correct higher, but it could face sellers near $6,340 and $6,380.

Bitcoin Price Analysis

Recently, there was a downside reaction from the $6,630 swing high in bitcoin price against the US Dollar. The BTC/USD pair started a fresh decline and moved below the $6,420 and $6,400 supports. It opened the doors for more losses and the price fell below $6,300. There was even a close below the $6,400 support and the 100 hourly simple moving average.

Moreover, there was a break below a major bullish trend line with support at $6,440 on the hourly chart of the BTC/USD pair. The pair traded as low as $6,209 and later started consolidating losses. On the upside, an initial resistance is near the 23.6% Fib retracement level of the recent decline from the $6,533 high to $6,209 low. Above this, there is a connecting bearish trend line in place with resistance at $6,320. Finally, the 50% Fib retracement level of the recent decline from the $6,533 high to $6,209 low is at $6,368. Therefore, if the price corrects higher, it could find resistance near the $6,360-80 zone.

Looking at the chart, bitcoin is back in a negative zone below the $6,380 level. On the downside, a break below the $6,200 support zone could open the doors for more losses towards $6,120 and $6,080.

Looking at the technical indicators:

Hourly MACD – The MACD for BTC/USD is slightly in the bullish zone.

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

Major Support Level – $6,200

Major Resistance Level – $6,380

The post Bitcoin Price Watch: BTC/USD Buyers Losing Control Below $6,400 appeared first on NewsBTC.

origin »

Bitcoin price in Telegram @btc_price_every_hour

Bitcoin (BTC) на Currencies.ru

$ 71023.27 (-0.83%)
Объем 24H $60.22b
Изменеия 24h: 1.37 %, 7d: 3.98 %
Cегодня L: $70104.41 - H: $73932.05
Капитализация $1420.585b Rank 1
Цена в час новости $ 6356.49 (1017.33%)

bitcoin price below usd btc pair watch

Источник: newsbtc.com

bitcoin price → Результатов: 126


Bitcoin Price News: BTC Downside Risk Grows While Pepeto Presale Hits $7.42M and Dogecoin and Solana Remain Shaky

Bitcoin mining difficulty just hit a new all time high as hash rate climbs despite the price correction, proving miners are betting on long term recovery even as short term holders panic. But the bitcoin price news right now tells a different story, because BTC failed to reclaim key resistance and the drop below $67,000 […] The post Bitcoin Price News: BTC Downside Risk Grows While Pepeto Presale Hits $7.

2026-3-2 19:00


Фото:

Bitcoin reveals a rare bullish cycle bottom signal before bouncing as futures bears tighten their grip

Bitcoin is flashing its most oversold signal on record amid its continued price struggles in this current macroeconomic environment and persistent exchange-traded fund (ETF) outflows. According to CryptoSlate data, BTC's price dipped to around $62,700 over the last 24 hours, while its weekly relative strength index (RSI) printed roughly 25.

2026-2-26 21:10


Bitcoin Active Addresses Fall To 2020 Lows Following $83,000 Failure — What To Expect

The Bitcoin market has seen a horrific tale over the week, with the price recording a downturn of more than 12%. As the flagship cryptocurrency tests its $77,000 price support, data from recent on-chain analysis has been put out, which suggests that investors might have more concerns in the near-term. Related Reading: Bitcoin MVRV Z-Score […]

2026-2-1 12:00


дальше еще 77 новостей →

Партнеры Currencies.ru



Реклама на Currencies.ru

Самое свежее на Currencies.ru

Bitcoin ETFs Hold Billions as BTC Slips Below $70K, Analysts Warn of Potential Free Fall

Bitcoin’s (BTC) struggle to hold key price levels is raising fresh concerns across crypto markets, even as spot exchange-traded funds continue to control tens of billions of dollars in assets. Related Reading: Bitcoin May Gain If AI Job Losses Trigger Bank Stress, Hayes Says The largest cryptocurrency has fallen back below the psychologically important $70,000 mark, trading around $68,000 after weeks of steady selling pressure and weakening momentum.

Bitcoin Struggles Near $90K as ETFs Absorb Retail Demand and On-Chain Activity Drops

Bitcoin (BTC) is trading uncomfortably close to the $90,000 mark, as a mix of macro caution, thinning liquidity, and shifting market structure continues to weigh on price action. Related Reading: Wall Street Storms Ripple In Explosive $500 Million Deal What was once a retail-driven ecosystem is now increasingly shaped by institutional flows, with U.S. spot […]

Bitcoin Mining Costs Spike To Nearly $50K As Miners Look To AI For Survival

Bitcoin mining is now a highly competitive industry that’s not just expensive but technology-intensive as well. Individuals interested in joining the growing mining industry must invest in a specialized computer system, steady internet, reliable energy supply, and a good amount of skill to manage the process.