TA: Bitcoin Price Makes U-Turn, Why BTC Could Tumble to $18K

2022-9-19 06:08

Bitcoin started a fresh decline below the $20,000 support zone against the US Dollar. BTC traded below $19,000 and remains at a risk of a move to $18,000.

Bitcoin started a fresh decline and traded below the $19,500 support. The price is now trading below $19,200 and the 100 hourly simple moving average. There was a break below a connecting bullish trend line with support at $19,850 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair is now at a risk of a move towards the $18,000 support zone in the near term. Bitcoin Price Starts Fresh Decline

Bitcoin price failed to surpass the $20,500 resistance level. BTC started a fresh decline and traded below the $20,000 and $19,500 support levels.

Besides, there was a break below a connecting bullish trend line with support at $19,850 on the hourly chart of the BTC/USD pair. The pair accelerated lower below the $19,200 level and the 100 hourly simple moving average. It even declined below $19,000 and traded as low as $18,706.

Bitcoin price is now consolidating losses below $19,200 and the 100 hourly simple moving average. On the upside, an immediate resistance is near the $19,050 level. It is near the 23.6% Fib retracement level of the recent decline from the $20,197 swing high to $18,706 low.

The next major resistance sits near the $19,350 level. It coincides with the 50% Fib retracement level of the recent decline from the $20,197 swing high to $18,706 low.

Source: BTCUSD on TradingView.com

The main barrier is now forming near the $20,000 zone and the 100 hourly simple moving average. A close above the $20,000 resistance might start a fresh increase. In the stated case, the price may perhaps rise towards $21,200.

More Losses in BTC?

If bitcoin fails to start a recovery wave above the $19,050 resistance zone, it could continue to move down. An immediate support on the downside is near the $18,700 zone.

The next major support is near the $18,550 level. A clear move below the $18,700 and $18,550 levels might open the doors for a move towards the $18,000 level.

Technical indicators:

Hourly MACD – The MACD is now gaining pace in the bearish zone.

Hourly RSI (Relative Strength Index) – The RSI for BTC/USD is now below the 50 level.

Major Support Levels – $18,700, followed by $18,550.

Major Resistance Levels – $19,050, $19,300 and $19,500.

Similar to Notcoin - TapSwap on Solana Airdrops In 2024

origin »

Bitcoin (BTC) на Currencies.ru

$ 66810.19 (-0.08%)
Объем 24H $22.969b
Изменеия 24h: -0.52 %, 7d: 6.35 %
Cегодня L: $66031.14 - H: $67143.86
Капитализация $1316.215b Rank 1
Цена в час новости $ 18468.98 (261.74%)

bitcoin below started fresh btc traded support

Источник: newsbtc.com

bitcoin below → Результатов: 126


Фото:

Bitcoin falls below $57k as $13 billion in leveraged shorts placed on major exchanges

Since February, Bitcoin has fallen to its lowest price, breaking below $60,000 and hitting $56,900 as of press time. The price is now 23% below its recent pre-halving all-time high of $73,000. Data from Coinglass shows that Binance, the most liquid exchange for Bitcoin trading, has several buy walls in the order book down to […] The post Bitcoin falls below $57k as $13 billion in leveraged shorts placed on major exchanges appeared first on CryptoSlate.

2024-5-1 11:42


Фото:

Bitcoin price retreats below $19,000 ahead of highly anticipated CPI

Bitcoin (BTC/USD) has retreated by more than 2.5% in the past 24 hours, dropping below the $19,000 level again. However, while the overall picture remains one of massive accumulation as seen over the past several weeks, and which continues to be the case given bulls are holding near the critical support zone marking 2017 bull […] The post Bitcoin price retreats below $19,000 ahead of highly anticipated CPI appeared first on Invezz.

2022-10-13 15:15


дальше еще 77 новостей →

Партнеры Currencies.ru

Реклама на Currencies.ru

Самое свежее на Currencies.ru