{"id":465212,"date":"2021-06-08T03:08:14","date_gmt":"2021-06-08T03:08:14","guid":{"rendered":"https:\/\/uniquehot.com\/?p=465212"},"modified":"2024-06-11T13:56:13","modified_gmt":"2024-06-11T13:56:13","slug":"bitcoin-resumes-slide-32k","status":"publish","type":"post","link":"https:\/\/uniquehot.com\/news\/bitcoin-resumes-slide-32k\/","title":{"rendered":"TA: Bitcoin Resumes Slide, Why BTC Could Extend Losses In Short-Term"},"content":{"rendered":"
Bitcoin price failed to stay above the $35,000 support against the US Dollar. BTC is declining and it is likely to extend losses below $33,000 in the short-term.<\/em><\/p>\n Bitcoin failed to stay above the $36,500 support zone<\/a> and extended its decline. BTC broke the $35,500 support level and settled below the 100 hourly simple moving average.<\/p>\n There was a clear break below a major ascending channel with support near $35,600 on the hourly chart of the BTC\/USD pair. The pair gained pace below the $35,00 support level and it even broke $34,200. There was a spike below the $34,000 level and the price is currently struggling to recover<\/a>.<\/p>\n An immediate resistance is near the $34,150 level. It is near the 23.6% Fib retracement level of the recent drop from the $36,824 high to $33.350 low.<\/p>\n <\/a><\/p>\n The first major resistance is near the $35,000 level. The 50% Fib retracement level of the recent drop from the $36,824 high to $33.350 low is also near $35,100. The main resistance is near the $36,000 zone and the 100 hourly simple moving average. A clear break above the $36,000 level could reverse the current bearish bias.<\/p>\n If bitcoin fails to clear the $35,000 resistance, it could continue to move down. An initial support on the downside is near the $33,200 level.<\/p>\n The first major support is near the $32,500 level. The main support is near the $32,000 level. If the bulls fail to protect the $32,000 support zone, there is a risk of a sharp decline. In the stated case, the price could even struggle to stay above the key $30,000 support zone.<\/p>\n Technical indicators:<\/p>\n Hourly MACD \u2013 The MACD is now gaining pace in the bearish zone.<\/p>\n Hourly RSI (Relative Strength Index) \u2013 The RSI for BTC\/USD is now well below the 50 level.<\/p>\n Major Support Levels \u2013 $33,200, followed by $32,000.<\/p>\n Major Resistance Levels \u2013 $34,150, $35,000 and $36,000.<\/p>\n","protected":false},"excerpt":{"rendered":" Bitcoin price failed to stay above the $35,000 support against the US Dollar. BTC is declining and it is likely to extend losses below $33,000 in the short-term. Bitcoin started a fresh decline after it broke the $36,500 and $36,000 support levels. The price is currently well below $36,000 and the 100 hourly simple moving average. There was a break below a major ascending channel with support near $35,600 on the hourly chart of the BTC\/USD pair (data feed from Kraken). The pair is likely to continue lower below the $33,000 and $32,000 support levels. Bitcoin Price is Down Over 5% Bitcoin failed to stay above the $36,500 support zone and extended its decline. BTC broke the $35,500 support level and settled below the 100 hourly simple moving average. There was a clear break below a major ascending channel with support near $35,600 on the hourly chart of the BTC\/USD pair. The pair gained pace below the $35,00 support level and it even broke $34,200. There was a spike below the $34,000 level and the price is currently struggling to recover. An immediate resistance is near the $34,150 level. It is near the 23.6% Fib retracement level of the recent drop from the $36,824 high to $33.350 low. Source: BTCUSD on TradingView.com The first major resistance is near the $35,000 level. The 50% Fib retracement level of the recent drop from the $36,824 high to $33.350 low is also near $35,100. The main resistance is near the $36,000 zone and the 100 hourly simple moving average. A clear break above the $36,000 level could reverse the current bearish bias. More Losses in BTC? If bitcoin fails to clear the $35,000 resistance, it could continue to move down. An initial support on the downside is near the $33,200 level. The first major support is near the $32,500 level. The main support is near the $32,000 level. If the bulls fail to protect the $32,000 support zone, there is a risk of a sharp decline. In the stated case, the price could even struggle to stay above the key $30,000 support zone. Technical indicators: Hourly MACD \u2013 The MACD is now gaining pace in the bearish zone. Hourly RSI (Relative Strength Index) \u2013 The RSI for BTC\/USD is now well below the 50 level. Major Support Levels \u2013 $33,200, followed by $32,000. Major Resistance Levels \u2013 $34,150, $35,000 and $36,000.<\/p>\n","protected":false},"author":67,"featured_media":459394,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[3],"tags":[428,1144,78790,76835],"class_list":["post-465212","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-bitcoin","tag-btcusd","tag-btcusdt","tag-xbtusd"],"acf":[],"yoast_head":"\n\n
Bitcoin Price is Down Over 5%<\/h2>\n
Source: BTCUSD on TradingView.com<\/a><\/pre>\n
More Losses in BTC?<\/h2>\n