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{"id":491988,"date":"2022-06-02T03:08:55","date_gmt":"2022-06-02T03:08:55","guid":{"rendered":"https:\/\/uniquehot.com\/?p=491988"},"modified":"2024-06-11T14:20:50","modified_gmt":"2024-06-11T14:20:50","slug":"bitcoin-price-resumes-decline-30k","status":"publish","type":"post","link":"https:\/\/uniquehot.com\/news\/bitcoin-price-resumes-decline-30k\/","title":{"rendered":"TA: Bitcoin Price Resumes Decline, Can The Bulls Save This Support"},"content":{"rendered":"

Bitcoin started a fresh decline from the $32,400 resistance against the US Dollar. BTC must stay above the $29,450 to avoid more downsides.<\/em><\/p>\n

\n
Bitcoin started a fresh decline after it failed to clear the $32,400 resistance zone.<\/li>\n
The price is now trading below the $30,000 level and the 100 hourly simple moving average.<\/li>\n
There was a break below a key bullish trend line with support near $31,750 on the hourly chart of the BTC\/USD pair (data feed from Kraken).<\/li>\n
The pair could extend its decline if it breaks the $29,450 and $29,400 support levels.<\/li>\n<\/ul>\n
Bitcoin Price Trims Gains<\/h2>\n
Bitcoin price started another decline from the $32,400 resistance zone<\/a>. There was a steady decline below the $32,000 and $31,500 levels.<\/p>\n
More importantly, there was a break below a key bullish trend line with support near $31,750 on the hourly chart of the BTC\/USD pair. The pair traded below the 50% Fib retracement level of the upward move from the $28,250 swing low to $32,400 high.<\/p>\n
Bitcoin price is now trading below the $30,000 level and the 100 hourly simple moving average<\/a>. The price is also consolidating near the 61.8% Fib retracement level of the upward move from the $28,250 swing low to $32,400 high.<\/p>\n
An immediate resistance on the upside is near the $30,000 level. The next major resistance is near the $30,400 and the 100 hourly simple moving average.<\/p>\n
$\"Bitcoin$ <\/a><\/p>\n
Source: BTCUSD on TradingView.com<\/a><\/pre>\n
A clear move above the $30,400 resistance level could start another increase. In the stated case, the price could rise towards the $30,800 resistance. The next major resistance sits near the $32,000 level. Download Bitcoin Miner Awesom Miner Official for Windows<\/a>. Safe install and earn ETH\/BTC.<\/p>\n
More Losses in BTC?<\/h2>\n
If bitcoin fails to clear the $30,400 resistance zone, it could continue to move down. An immediate support on the downside is near the $29,450 level.<\/p>\n
The next major support is near the $29,250 level. A downside break below the $29,250 support may perhaps put a lot of pressure on the bulls. In the stated case, the price could revisit the $28,250 support zone. Any more losses might send the price towards the $27,500 level.
\nDownload Bitcoin Miner Awesom Miner Official for Windows<\/a>. Safe install and earn BTC.<\/p>\n
Technical indicators:<\/p>\n
Hourly MACD \u2013 The MACD is now losing pace in the bearish zone.<\/p>\n
Hourly RSI (Relative Strength Index) \u2013 The RSI for BTC\/USD is correcting higher above the 30 level.<\/p>\n
Major Support Levels \u2013 $29,450, followed by $28,250.<\/p>\n
Major Resistance Levels \u2013 $30,000, $30,400 and $30,800.<\/p>\n","protected":false},"excerpt":{"rendered":"
Bitcoin started a fresh decline from the $32,400 resistance against the US Dollar. BTC must stay above the $29,450 to avoid more downsides. Bitcoin started a fresh decline after it failed to clear the $32,400 resistance zone. The price is now trading below the $30,000 level and the 100 hourly simple moving average. There was a break below a key bullish trend line with support near $31,750 on the hourly chart of the BTC\/USD pair (data feed from Kraken). The pair could extend its decline if it breaks the $29,450 and $29,400 support levels. Bitcoin Price Trims Gains Bitcoin price started another decline from the $32,400 resistance zone. There was a steady decline below the $32,000 and $31,500 levels. More importantly, there was a break below a key bullish trend line with support near $31,750 on the hourly chart of the BTC\/USD pair. The pair traded below the 50% Fib retracement level of the upward move from the $28,250 swing low to $32,400 high. Bitcoin price is now trading below the $30,000 level and the 100 hourly simple moving average. The price is also consolidating near the 61.8% Fib retracement level of the upward move from the $28,250 swing low to $32,400 high. An immediate resistance on the upside is near the $30,000 level. The next major resistance is near the $30,400 and the 100 hourly simple moving average. Source: BTCUSD on TradingView.com A clear move above the $30,400 resistance level could start another increase. In the stated case, the price could rise towards the $30,800 resistance. The next major resistance sits near the $32,000 level. Download Bitcoin Miner Awesom Miner Official for Windows. Safe install and earn ETH\/BTC. More Losses in BTC? If bitcoin fails to clear the $30,400 resistance zone, it could continue to move down. An immediate support on the downside is near the $29,450 level. The next major support is near the $29,250 level. A downside break below the $29,250 support may perhaps put a lot of pressure on the bulls. In the stated case, the price could revisit the $28,250 support zone. Any more losses might send the price towards the $27,500 level. Download Bitcoin Miner Awesom Miner Official for Windows. Safe install and earn BTC. Technical indicators: Hourly MACD \u2013 The MACD is now losing pace in the bearish zone. Hourly RSI (Relative Strength Index) \u2013 The RSI for BTC\/USD is correcting higher above the 30 level. Major Support Levels \u2013 $29,450, followed by $28,250. Major Resistance Levels \u2013 $30,000, $30,400 and $30,800.<\/p>\n","protected":false},"author":67,"featured_media":462714,"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-491988","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-bitcoin","tag-btcusd","tag-btcusdt","tag-xbtusd"],"acf":[],"yoast_head":"\nTA: Bitcoin Price Resumes Decline, Can The Bulls Save This Support<\/title>\n<meta name=\"description\" content=\"Bitcoin started a fresh decline from the $32,400 resistance against the US Dollar. 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His background in software engineering has equipped him with a unique skill set, enabling him to leverage cutting-edge tools and algorithms to gain a competitive edge in an ever-evolving landscape. In addition to his roles in finance and technology, Aayush serves as the director of a prestigious IT company, where he spearheads initiatives aimed at driving digital innovation and transformation. Under his visionary leadership, the company has flourished, cementing its position as a leader in the tech industry and paving the way for groundbreaking advancements in software development and IT solutions. Despite his demanding professional commitments, Aayush is a firm believer in the importance of work-life balance. An avid traveler and adventurer, he finds solace in exploring new destinations, immersing himself in different cultures, and forging lasting memories along the way. Whether he's trekking through the Himalayas, diving in the azure waters of the Maldives, or experiencing the vibrant energy of bustling metropolises, Aayush embraces every opportunity to broaden his horizons and create unforgettable experiences. Aayush's journey to success is marked by a relentless pursuit of excellence and a steadfast commitment to continuous learning and growth. His academic achievements are a testament to his dedication and passion for excellence, having completed his software engineering with honors and excelling in every department. At his core, Aayush is driven by a profound passion for analyzing markets and uncovering profitable opportunities amidst volatility. Whether he's poring over price charts, identifying key support and resistance levels, or providing insightful analysis to his clients and followers, Aayush's unwavering dedication to his craft sets him apart as a true industry leader and a beacon of inspiration to aspiring traders around the globe. In a world where uncertainty reigns supreme, Aayush Jindal stands as a guiding light, illuminating the path to financial success with his unparalleled expertise, unwavering integrity, and boundless enthusiasm for the markets.","sameAs":["https:\/\/www.linkedin.com\/in\/aayush-jindal-358b6932\/","https:\/\/x.com\/twitter.com\/AayushJs"],"url":"https:\/\/uniquehot.com\/author\/aayushjindal\/"}]}},"parsely":{"version":"1.1.0","meta":{"@context":"https:\/\/schema.org","@type":"NewsArticle","headline":"TA: Bitcoin Price Resumes Decline, Can The Bulls Save This Support","url":"http:\/\/uniquehot.com\/news\/bitcoin-price-resumes-decline-30k\/","mainEntityOfPage":{"@type":"WebPage","@id":"http:\/\/uniquehot.com\/news\/bitcoin-price-resumes-decline-30k\/"},"thumbnailUrl":"https:\/\/uniquehot.com\/wp-content\/uploads\/2021\/04\/shutterstock_764448946.jpg?resize=200%2C200","image":{"@type":"ImageObject","url":"https:\/\/uniquehot.com\/wp-content\/uploads\/2021\/04\/shutterstock_764448946.jpg?fit=1000%2C577"},"articleSection":"Cryptocurrency Market News","author":[{"@type":"Person","name":"Aayush Jindal"}],"creator":["Aayush Jindal"],"publisher":{"@type":"Organization","name":"NewsBTC","logo":"https:\/\/uniquehot.com\/wp-content\/uploads\/2020\/06\/cropped-cropped-cropped-favicon.png?w=32"},"keywords":["bitcoin","btcusd","btcusdt","xbtusd"],"dateCreated":"2022-06-02T03:08:55Z","datePublished":"2022-06-02T03:08:55Z","dateModified":"2024-06-11T14:20:50Z"},"rendered":"<script type=\"application\/ld+json\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@type\":\"NewsArticle\",\"headline\":\"TA: Bitcoin Price Resumes Decline, Can The Bulls Save This Support\",\"url\":\"http:\\\/\\\/uniquehot.com\\\/news\\\/bitcoin-price-resumes-decline-30k\\\/\",\"mainEntityOfPage\":{\"@type\":\"WebPage\",\"@id\":\"http:\\\/\\\/uniquehot.com\\\/news\\\/bitcoin-price-resumes-decline-30k\\\/\"},\"thumbnailUrl\":\"https:\\\/\\\/uniquehot.com\\\/wp-content\\\/uploads\\\/2021\\\/04\\\/shutterstock_764448946.jpg?resize=200%2C200\",\"image\":{\"@type\":\"ImageObject\",\"url\":\"https:\\\/\\\/uniquehot.com\\\/wp-content\\\/uploads\\\/2021\\\/04\\\/shutterstock_764448946.jpg?fit=1000%2C577\"},\"articleSection\":\"Cryptocurrency Market News\",\"author\":[{\"@type\":\"Person\",\"name\":\"Aayush Jindal\"}],\"creator\":[\"Aayush Jindal\"],\"publisher\":{\"@type\":\"Organization\",\"name\":\"NewsBTC\",\"logo\":\"https:\\\/\\\/uniquehot.com\\\/wp-content\\\/uploads\\\/2020\\\/06\\\/cropped-cropped-cropped-favicon.png?w=32\"},\"keywords\":[\"bitcoin\",\"btcusd\",\"btcusdt\",\"xbtusd\"],\"dateCreated\":\"2022-06-02T03:08:55Z\",\"datePublished\":\"2022-06-02T03:08:55Z\",\"dateModified\":\"2024-06-11T14:20:50Z\"}<\/script>","tracker_url":"https:\/\/cdn.parsely.com\/keys\/uniquehot.com\/p.js"},"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"https:\/\/uniquehot.com\/wp-content\/uploads\/2021\/04\/shutterstock_764448946.jpg?fit=1000%2C577","amp_enabled":true,"_links":{"self":[{"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/posts\/491988"}],"collection":[{"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/users\/67"}],"replies":[{"embeddable":true,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/comments?post=491988"}],"version-history":[{"count":0,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/posts\/491988\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/media\/462714"}],"wp:attachment":[{"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/media?parent=491988"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/categories?post=491988"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/tags?post=491988"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}