{"id":501326,"date":"2022-09-07T02:18:39","date_gmt":"2022-09-07T02:18:39","guid":{"rendered":"https:\/\/uniquehot.com\/?p=501326"},"modified":"2024-06-11T14:23:24","modified_gmt":"2024-06-11T14:23:24","slug":"bitcoin-price-breakdown-18k","status":"publish","type":"post","link":"https:\/\/uniquehot.com\/news\/bitcoin-price-breakdown-18k\/","title":{"rendered":"TA: Bitcoin Price Breakdown Looks Real, Why BTC Could Dive To $18K"},"content":{"rendered":"
Bitcoin broke the key $19,500 support against the US Dollar. BTC is showing bearish signs and remains at a risk of a move towards the $18,000 level.<\/em><\/p>\n Bitcoin price failed to gain pace for a move above the $20,500 and $20,550 resistance levels<\/a>. There were many failed attempts, sparking a downside reaction below the key $19,500 support zone.<\/p>\n There was a sharp decline below the $19,500 support<\/a> and the 100 hourly simple moving average. The price declined below the $19,200 and $19,000 levels. A low is formed near $18,670 and the price is now consolidating losses.<\/p>\n It is now trading below the $19,000 level and the 100 hourly simple moving average. On the upside, an immediate resistance is near the $19,000 level. It is near the 23.6% Fib retracement level of the recent decline from the $20,171 swing high to $18,670 low.<\/p>\n The next major resistance sits near the $19,400 level. There is also a connecting bearish trend line forming with resistance near $19,420 on the hourly chart of the BTC\/USD pair.<\/p>\n <\/a><\/p>\n The trend line is near the 50% Fib retracement level of the recent decline from the $20,171 swing high to $18,670 low. Any more gains might send the price towards the $19,800 resistance zone and the 100 hourly simple moving average.<\/p>\n If bitcoin fails to start a recovery wave above the $19,000 zone, it could continue to move down. An immediate support on the downside is near the $18,650 zone.<\/p>\n The next major support sits near the $18,500 level. A downside break below the $18,500 support might spark more downsides. In the stated case, the price may perhaps test the $18,000 support.<\/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 below the 50 level.<\/p>\n Major Support Levels \u2013 $18,650, followed by $18,500.<\/p>\n Major Resistance Levels \u2013 $19,000, $19,400 and $19,500.<\/p>\n","protected":false},"excerpt":{"rendered":" Bitcoin broke the key $19,500 support against the US Dollar. BTC is showing bearish signs and remains at a risk of a move towards the $18,000 level. Bitcoin failed to start a fresh increase and declined below the $19,500 support. The price is now trading below the $19,000 level and the 100 hourly simple moving average. There is a connecting bearish trend line forming with resistance near $19,420 on the hourly chart of the BTC\/USD pair (data feed from Kraken). The pair could correct higher, but upsides might be limited above $19,500. Bitcoin Price Takes A Hit Bitcoin price failed to gain pace for a move above the $20,500 and $20,550 resistance levels. There were many failed attempts, sparking a downside reaction below the key $19,500 support zone. There was a sharp decline below the $19,500 support and the 100 hourly simple moving average. The price declined below the $19,200 and $19,000 levels. A low is formed near $18,670 and the price is now consolidating losses. It is now trading below the $19,000 level and the 100 hourly simple moving average. On the upside, an immediate resistance is near the $19,000 level. It is near the 23.6% Fib retracement level of the recent decline from the $20,171 swing high to $18,670 low. The next major resistance sits near the $19,400 level. There is also a connecting bearish trend line forming with resistance near $19,420 on the hourly chart of the BTC\/USD pair. Source: BTCUSD on TradingView.com The trend line is near the 50% Fib retracement level of the recent decline from the $20,171 swing high to $18,670 low. Any more gains might send the price towards the $19,800 resistance zone and the 100 hourly simple moving average. More Losses in BTC? If bitcoin fails to start a recovery wave above the $19,000 zone, it could continue to move down. An immediate support on the downside is near the $18,650 zone. The next major support sits near the $18,500 level. A downside break below the $18,500 support might spark more downsides. In the stated case, the price may perhaps test the $18,000 support. 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 below the 50 level. Major Support Levels \u2013 $18,650, followed by $18,500. Major Resistance Levels \u2013 $19,000, $19,400 and $19,500.<\/p>\n","protected":false},"author":67,"featured_media":464089,"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-501326","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 Takes A Hit<\/h2>\n
Source: BTCUSD on TradingView.com<\/a><\/pre>\n
More Losses in BTC?<\/h2>\n