{"id":491179,"date":"2022-05-24T03:18:09","date_gmt":"2022-05-24T03:18:09","guid":{"rendered":"https:\/\/uniquehot.com\/?p=491179"},"modified":"2024-06-11T14:20:52","modified_gmt":"2024-06-11T14:20:52","slug":"bitcoin-price-stuck-in-range-30k","status":"publish","type":"post","link":"https:\/\/uniquehot.com\/news\/bitcoin-price-stuck-in-range-30k\/","title":{"rendered":"TA: Bitcoin Price Stuck In Key Range, Why Dips Might Be Limited"},"content":{"rendered":"
Bitcoin failed again to clear the $30,600 resistance zone against the US Dollar. BTC is declining, but the bulls might remain active near $28,500.<\/em><\/p>\n Bitcoin price attempted a fresh increase from the $28,500 support zone<\/a>. There was a clear move above $30,000 resistance zone and the 100 hourly simple moving average.<\/p>\n However, the bears were again active near the $30,600 resistance zone. A high was formed near $30,630 and the price started another decline. There was a sharp reaction below the $30,000 support zone and the 100 hourly simple moving average<\/a>.<\/p>\n Bitcoin traded below the 50% Fib retracement level of the upward move from the $28,700 swing low to $30,630 high. Besides, there was break below a major bullish trend line with support near $29,800 on the hourly chart of the BTC\/USD pair. Download Bitcoin Miner Awesom Miner Official for Windows<\/a>. Safe install and earn ETH\/BTC.<\/p>\n The price even spiked below the 76.4% Fib retracement level of the upward move from the $28,700 swing low to $30,630 high. It is now consolidating, with an immediate resistance near the $29,500 level.<\/p>\n <\/a><\/p>\n The next major resistance is near the $29,650 level and the 100 hourly SMA. The first key resistance is near the $30,000 level. A clear move above the $30,000 resistance level might send the price towards the main $30,600 resistance zone.<\/p>\n If bitcoin fails to clear the $29,650 resistance zone, it could continue to move down. An immediate support on the downside is near the $29,000 level.<\/p>\n\n
Bitcoin Price Tops Again<\/h2>\n
Source: BTCUSD on TradingView.com<\/a><\/pre>\n
More Losses in BTC?<\/h2>\n