Bitcoin Price Struggles Post Expected Fed Result, More Losses Ahead?

2023-7-27 06:11

Bitcoin price is struggling to recover above the $29,000 resistance level. BTC must settle above $29,000 and then $29,600 to move into a positive zone.

Bitcoin is attempting a recovery wave above the $28,850 level. The price is trading below $29,200 and the 100 hourly Simple moving average. There is a key bullish trend line forming with support near $29,250 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could face a strong resistance near the $29,600 resistance. Bitcoin Price Still In The Negative Zone

Bitcoin price started a short-term recovery wave above the $29,000 resistance zone. BTC was able to climb above the $29,200 resistance zone after the Fed interest rate decision.

There was a move above the 23.6% Fib retracement level of the key drop from the $30,335 swing high to the $28,880 low. However, the bears were active near the $29,600 resistance zone and there was no close above the 100 hourly Simple moving average.

Bitcoin is now trading below $29,200 and the 100 hourly Simple moving average. Besides, there is a key bullish trend line forming with support near $29,250 on the hourly chart of the BTC/USD pair.

Immediate resistance is near the $29,450 level and the 100 hourly Simple moving average. The first major resistance is near the $29,600 level. It is near the 50% Fib retracement level of the key drop from the $30,335 swing high to the $28,880 low.

Source: BTCUSD on TradingView.com

The next major resistance is near the $29,800 level, above which the price might start a decent increase toward the $30,000 resistance zone. The next major resistance is near the $30,350 level, above which the price could gain bullish momentum.

Fresh Decline in BTC?

If Bitcoin fails to clear the $29,600 resistance, it could start a fresh decline. Immediate support on the downside is near the $29,200 level and the trend line.

The next major support is near the $29,000 level, below which the price could drop toward $28,880. The next support is near the $28,500 level. Any more losses might call for a move toward the $28,200 level in the near term.

Technical indicators:

Hourly MACD – The MACD is now losing pace in the bullish zone.

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

Major Support Levels – $29,200, followed by $29,000.

Major Resistance Levels – $29,400, $29,600, and $30,000.

origin »

Bitcoin (BTC) на Currencies.ru

$ 105236.7 (+0.13%)
Объем 24H $42.151b
Изменеия 24h: 1.12 %, 7d: 0.86 %
Cегодня L: $104878.98 - H: $105242.12
Капитализация $2085.513b Rank 1
Цена в час новости $ 29381.28 (258.18%)

above bitcoin level price move positive zone

Источник: newsbtc.com

above bitcoin → Результатов: 126


Bitcoin Dogs price: What’s the outlook as BTC spikes above $68k?

Bitcoin Dogs rose 30% in two weeks before paring gains. Bitcoin price is back above $68,000 after last week’s slip halted bulls’ momentum. With BTC regaining control above $68k, could this spark Bitcoin Dogs price? New upside momentum has pushed Bitcoin (BTC) above $68,500 following last week’s sharp decline that saw bears reject movement above […] The post Bitcoin Dogs price: What’s the outlook as BTC spikes above $68k? appeared first on CoinJournal.

2024-10-29 14:05


Фото:

Bitcoin’s climb above $60k causes futures open interest to surge $2B in a day

Bitcoin’s breakout above $60,000 seems to have triggered a new spark of optimism among traders. The market has been flat for most of August after experiencing a significant drop at the beginning of the month, which is why the relatively slight price increase above the $60,000 threshold was enough to inject the market with a […] The post Bitcoin’s climb above $60k causes futures open interest to surge $2B in a day appeared first on CryptoSlate.

2024-8-23 05:00


дальше еще 77 новостей →

Партнеры Currencies.ru



Реклама на Currencies.ru

Самое свежее на Currencies.ru

Bitcoin Price Faces Tough Resistance: A Breakout In The Cards?

Bitcoin price started a fresh upward move above $100,000. BTC is facing resistance at $103,000 and might aim for an upside break. Bitcoin started a decent upward move above the $100,000 zone. The price is trading below $103,200 and the 100 hourly Simple moving average.

Bitcoin Price Signals Strength: Bulls Prepare for the Next Leg Up

Bitcoin price is gaining pace above the $100,000 zone. BTC is rising and might accelerate higher if it clears the $102,000 zone. Bitcoin started a decent increase above the $100,000 zone. The price is trading above $100,500 and the 100 hourly Simple moving average.