Bitcoin Price Plunges 5% After Rejection and Now At Risk of Move To $21K<\/title>\n<meta name=\"description\" content=\"Bitcoin price declined sharply after another rejection near $23,650. BTC is now consolidating above $22,000 and remains at a risk of more downsides.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/uniquehot.com\/news\/bitcoin-price-plunges-to-21k\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Bitcoin Price Plunges 5% After Rejection and Now At Risk of Move To $21K\" \/>\n<meta property=\"og:description\" content=\"Bitcoin price declined sharply after another rejection near $23,650. 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{"id":521693,"date":"2023-03-03T03:43:58","date_gmt":"2023-03-03T03:43:58","guid":{"rendered":"https:\/\/uniquehot.com\/?p=521693"},"modified":"2024-06-11T09:20:56","modified_gmt":"2024-06-11T09:20:56","slug":"bitcoin-price-plunges-to-21k","status":"publish","type":"post","link":"https:\/\/uniquehot.com\/news\/bitcoin-price-plunges-to-21k\/","title":{"rendered":"Bitcoin Price Plunges 5% After Rejection and Now At Risk of Move To $21K"},"content":{"rendered":"

Bitcoin price declined sharply after another rejection near $23,650. BTC is now consolidating above $22,000 and remains at a risk of more downsides.<\/em><\/p>\n

\n
Bitcoin is down over 5% and there was a sharp reaction from the $23,650 resistance zone.<\/li>\n
The price is trading below $23,020 and the 100 hourly simple moving average.<\/li>\n
There is a key bearish trend line forming with resistance near $23,220 on the hourly chart of the BTC\/USD pair (data feed from Kraken).<\/li>\n
The pair could correct higher, but upsides might be limited above the $22,800 level.<\/li>\n<\/ul>\n
Bitcoin Price Declines Sharply<\/h2>\n
Bitcoin price struggled to clear the $23,650 and $23,950 resistance levels<\/a>. BTC declined sharply from the $23,977 swing high. It is down over 5% and there was a clear move below the $23,200 support.<\/p>\n
The bears pushed the price below the $22,500 support zone and the 100 hourly simple moving average. It even tested the $22,000 support zone. A low is formed near $22,000 and the price is now consolidating losses. It is trading well below $23,020 and the 100 hourly simple moving average<\/a>.<\/p>\n
An immediate resistance is near the $22,450 zone. It is near the 23.6% Fib retracement level of the downward move from the $23,977 swing high to $22,000 low.<\/p>\n
The first major resistance is near the $22,800 zone. The main resistance is now near the $23,000 zone. It is close to the 50% Fib retracement level of the downward move from the $23,977 swing high to $22,000 low. There is also a key bearish trend line forming with resistance near $23,220 on the hourly chart of the BTC\/USD pair.<\/p>\n
$\"Bitcoin$ <\/a><\/p>\n
Source: BTCUSD on TradingView.com<\/a><\/p>\n
A clear move above the $23,220 resistance might start a steady increase towards the $24,650 resistance zone. The next key resistance is near the $24,000 zone, above which the price might move into a bullish zone.<\/p>\n
More Losses in BTC?<\/h2>\n
If bitcoin price fails to clear the $22,800 resistance, it could start another decline. An immediate support on the downside is near the $22,200 zone.<\/p>\n
The next major support is near the $22,000 zone, below which the bears might gain strength and push the price to $21,200. The next major support is near the $21,000 level.<\/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 30 level.<\/p>\n
Major Support Levels \u2013 $22,200, followed by $22,000.<\/p>\n
Major Resistance Levels \u2013 $22,450, $22,800 and $23,220.<\/p>\n","protected":false},"excerpt":{"rendered":"
Bitcoin price declined sharply after another rejection near $23,650. BTC is now consolidating above $22,000 and remains at a risk of more downsides. Bitcoin is down over 5% and there was a sharp reaction from the $23,650 resistance zone. The price is trading below $23,020 and the 100 hourly simple moving average. There is a key bearish trend line forming with resistance near $23,220 on the hourly chart of the BTC\/USD pair (data feed from Kraken). The pair could correct higher, but upsides might be limited above the $22,800 level. Bitcoin Price Declines Sharply Bitcoin price struggled to clear the $23,650 and $23,950 resistance levels. BTC declined sharply from the $23,977 swing high. It is down over 5% and there was a clear move below the $23,200 support. The bears pushed the price below the $22,500 support zone and the 100 hourly simple moving average. It even tested the $22,000 support zone. A low is formed near $22,000 and the price is now consolidating losses. It is trading well below $23,020 and the 100 hourly simple moving average. An immediate resistance is near the $22,450 zone. It is near the 23.6% Fib retracement level of the downward move from the $23,977 swing high to $22,000 low. The first major resistance is near the $22,800 zone. The main resistance is now near the $23,000 zone. It is close to the 50% Fib retracement level of the downward move from the $23,977 swing high to $22,000 low. There is also a key bearish trend line forming with resistance near $23,220 on the hourly chart of the BTC\/USD pair. Source: BTCUSD on TradingView.com A clear move above the $23,220 resistance might start a steady increase towards the $24,650 resistance zone. The next key resistance is near the $24,000 zone, above which the price might move into a bullish zone. More Losses in BTC? If bitcoin price fails to clear the $22,800 resistance, it could start another decline. An immediate support on the downside is near the $22,200 zone. The next major support is near the $22,000 zone, below which the bears might gain strength and push the price to $21,200. The next major support is near the $21,000 level. 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 30 level. Major Support Levels \u2013 $22,200, followed by $22,000. Major Resistance Levels \u2013 $22,450, $22,800 and $23,220.<\/p>\n","protected":false},"author":67,"featured_media":462026,"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-521693","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":"\nBitcoin Price Plunges 5% After Rejection and Now At Risk of Move To $21K<\/title>\n<meta name=\"description\" content=\"Bitcoin price declined sharply after another rejection near $23,650. 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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":"Bitcoin Price Plunges 5% After Rejection and Now At Risk of Move To $21K","url":"http:\/\/uniquehot.com\/news\/bitcoin-price-plunges-to-21k\/","mainEntityOfPage":{"@type":"WebPage","@id":"http:\/\/uniquehot.com\/news\/bitcoin-price-plunges-to-21k\/"},"thumbnailUrl":"https:\/\/uniquehot.com\/wp-content\/uploads\/2021\/04\/shutterstock_271682210.jpg?resize=200%2C200","image":{"@type":"ImageObject","url":"https:\/\/uniquehot.com\/wp-content\/uploads\/2021\/04\/shutterstock_271682210.jpg?fit=1000%2C651"},"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","bitcoin price","btcusd","btcusdt","xbtusd"],"dateCreated":"2023-03-03T03:43:58Z","datePublished":"2023-03-03T03:43:58Z","dateModified":"2024-06-11T09:20:56Z"},"rendered":"<script type=\"application\/ld+json\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@type\":\"NewsArticle\",\"headline\":\"Bitcoin Price Plunges 5% After Rejection and Now At Risk of Move To $21K\",\"url\":\"http:\\\/\\\/uniquehot.com\\\/news\\\/bitcoin-price-plunges-to-21k\\\/\",\"mainEntityOfPage\":{\"@type\":\"WebPage\",\"@id\":\"http:\\\/\\\/uniquehot.com\\\/news\\\/bitcoin-price-plunges-to-21k\\\/\"},\"thumbnailUrl\":\"https:\\\/\\\/uniquehot.com\\\/wp-content\\\/uploads\\\/2021\\\/04\\\/shutterstock_271682210.jpg?resize=200%2C200\",\"image\":{\"@type\":\"ImageObject\",\"url\":\"https:\\\/\\\/uniquehot.com\\\/wp-content\\\/uploads\\\/2021\\\/04\\\/shutterstock_271682210.jpg?fit=1000%2C651\"},\"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\",\"bitcoin price\",\"btcusd\",\"btcusdt\",\"xbtusd\"],\"dateCreated\":\"2023-03-03T03:43:58Z\",\"datePublished\":\"2023-03-03T03:43:58Z\",\"dateModified\":\"2024-06-11T09:20:56Z\"}<\/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_271682210.jpg?fit=1000%2C651","amp_enabled":true,"_links":{"self":[{"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/posts\/521693"}],"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=521693"}],"version-history":[{"count":0,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/posts\/521693\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/media\/462026"}],"wp:attachment":[{"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/media?parent=521693"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/categories?post=521693"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/tags?post=521693"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}