{"id":493106,"date":"2022-06-15T03:08:01","date_gmt":"2022-06-15T03:08:01","guid":{"rendered":"https:\/\/uniquehot.com\/?p=493106"},"modified":"2024-06-11T09:07:34","modified_gmt":"2024-06-11T09:07:34","slug":"bitcoin-signs-of-recovery-23k","status":"publish","type":"post","link":"https:\/\/uniquehot.com\/news\/bitcoin-signs-of-recovery-23k\/","title":{"rendered":"TA: Bitcoin Shows Signs of Recovery, $23K Presents Resistance"},"content":{"rendered":"
Bitcoin formed a base near the $21,000 level against the US Dollar. BTC is attempting a recovery wave, but the bears might protect gains above $23,000.<\/em><\/p>\n Bitcoin price remained in a bearish zone<\/a> below the $25,000 support zone. The price spiked below the $21,000 level and settled well below the $23,000 level.<\/p>\n A low was formed near $20,824 and the price is now attempting an upside correction. There was a move above the $22,000 resistance level. However, the price is still well below the $24,000 level and the 100 hourly simple moving average<\/a>.<\/p>\n An immediate resistance on the upside is near the $21,100 level. There is also a key bearish trend line forming with resistance near $22,050 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 first major resistance is near the $22,600 level. It is near the 23.6% Fib retracement level of the downward move from $28,300 swing high to $20,825 low. \u00a0If there is a clear move above the trend line, the pair could rise towards the $23,000 resistance.<\/p>\n <\/a><\/p>\n The main resistance is near the $24,600 level. It is near the 50% Fib retracement level of the downward move from $28,300 swing high to $20,825 low. A clear move above the $24,500 and $25,000 levels could set the pace for a strong upward move.<\/p>\n If bitcoin fails to clear the $22,600 resistance zone and the trend line, it could start a fresh decline. An immediate support on the downside is near the $21,250 level.<\/p>\n\n
Bitcoin Price Remains In Downtrend<\/h2>\n
Source: BTCUSD on TradingView.com<\/a><\/pre>\n
Fresh Decline in BTC?<\/h2>\n