BTCUSD on TradingView.com<\/a><\/p>\nThe next major resistance is near the $25,000 zone. A clear move above the $25,000 resistance might resend the price towards the $25,200 resistance zone. A close above the $25,200 resistance might start another decent increase. In the stated case, the price may perhaps rise towards the $25,800 level. The next resistance could be near the $26,200 level.<\/p>\n
More Losses in BTC?<\/h2>\n If bitcoin price fails to clear the $24,550 resistance, it could continue to move down. An immediate support on the downside is near the $24,000 zone.<\/p>\n
The next major support is near the $23,850 zone. If there is a downside break, the price might decline towards $23,500. The next major support is near the $23,380 level, below which the price might decline towards the $22,900 support.<\/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 now below the 50 level.<\/p>\n
Major Support Levels \u2013 $23,850, followed by $23,500.<\/p>\n
Major Resistance Levels \u2013 $24,550, $25,000 and $25,200.<\/p>\n","protected":false},"excerpt":{"rendered":"
Bitcoin price is correcting lower below the $24,500 level. BTC could decline towards the $23,500 support before it starts a fresh increase in the near term. Bitcoin is slowly moving lower below $24,500 and $24,000. The price is trading below $24,500 and the 100 hourly simple moving average. There was a break below a major bullish trend line with support near $24,550 on the hourly chart of the BTC\/USD pair (data feed from Kraken). The pair could extend its decline towards the $23,500 and $23,000 support levels. Bitcoin Price Corrects Lower Bitcoin price made another attempt to gain pace above the $25,000 resistance zone. However, BTC failed to continue higher above the $25,200 level and started a fresh decline. There was a clear move below the $24,500 support zone. Besides, there was a break below a major bullish trend line with support near $24,550 on the hourly chart of the BTC\/USD pair. The pair even broke the $24,000 support zone and traded as low as $23,867. Bitcoin price is now trading below $24,500 and the 100 hourly simple moving average. It is slowly correcting higher and trading above the 23.6% Fib retracement level of the recent decline from the $25,190 swing high to $23,867 low. On the upside, an immediate resistance is near the $24,550 level and the 100 hourly simple moving average. It is near the 50% Fib retracement level of the recent decline from the $25,190 swing high to $23,867 low. Source: BTCUSD on TradingView.com The next major resistance is near the $25,000 zone. A clear move above the $25,000 resistance might resend the price towards the $25,200 resistance zone. A close above the $25,200 resistance might start another decent increase. In the stated case, the price may perhaps rise towards the $25,800 level. The next resistance could be near the $26,200 level. More Losses in BTC? If bitcoin price fails to clear the $24,550 resistance, it could continue to move down. An immediate support on the downside is near the $24,000 zone. The next major support is near the $23,850 zone. If there is a downside break, the price might decline towards $23,500. The next major support is near the $23,380 level, below which the price might decline towards the $22,900 support. 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 now below the 50 level. Major Support Levels \u2013 $23,850, followed by $23,500. Major Resistance Levels \u2013 $24,550, $25,000 and $25,200.<\/p>\n","protected":false},"author":67,"featured_media":463396,"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":[428,679,1144,78790,76835],"class_list":["post-520213","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-bitcoin","tag-bitcoin-price","tag-btcusd","tag-btcusdt","tag-xbtusd"],"acf":[],"yoast_head":"\n
Bitcoin Price At Risk of Downside Thrust Before A Fresh Increase<\/title>\n \n \n \n \n \n \n \n \n \n \n \n \n \n\t \n\t \n\t \n \n \n \n \n \n\t \n\t \n\t \n