BTCUSD on TradingView.com<\/a><\/p>\nThe main resistance is near $29,000 and the 100 hourly Simple moving average. A close above the $29,000 resistance could send Bitcoin toward $29,500. Any more gains could open the doors for a test of the key barrier at $30,000.<\/p>\n
More Losses in BTC?<\/h2>\n
If Bitcoin\u2019s price fails to clear the $28,200 resistance, it could continue to move down. Immediate support on the downside is near the $27,650 level.<\/p>\n
The next major support is near the $27,200 zone, below which the price might dive toward the $26,500 support zone. Any more losses might take Bitcoin toward $25,500 in the near term.<\/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 40 level.<\/p>\n
Major Support Levels \u2013 $27,650, followed by $27,200.<\/p>\n
Major Resistance Levels \u2013 $28,200, $28,500, and $28,800.<\/p>\n","protected":false},"excerpt":{"rendered":"
Bitcoin price extended its decline below the $28,000 support. BTC tested $27,650 and is currently attempting a minor upside correction. Bitcoin is showing bearish signs below the $28,500 resistance zone. The price is trading below $28,200 and the 100 hourly Simple moving average. There is a major bearish trend line forming with resistance near $28,000 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 $28,500 level. Bitcoin Price Extends Decline Bitcoin price failed to start a recovery wave above the $29,000 resistance zone. BTC extended its decline and traded below the $28,200 support zone. The price even broke the $28,000 level and tested $27,650. A low is formed near $27,664 and the price is now consolidating losses. It is trading near the $28,000 resistance zone. There is also a major bearish trend line forming with resistance near $28,000 on the hourly chart of the BTC\/USD pair. Besides, Bitcoin is trading below $28,200 and the 100 hourly Simple moving average. Immediate resistance is near the $28,050 level. The next major resistance sits near the $28,200 zone and the 23.6% Fib retracement level of the downward move from the $29,975 swing high to the $27,664 low. The first major resistance is near $28,500, above which the price may perhaps test the 50% Fib retracement level of the downward move from the $29,975 swing high to the $27,664 low. Source: BTCUSD on TradingView.com The main resistance is near $29,000 and the 100 hourly Simple moving average. A close above the $29,000 resistance could send Bitcoin toward $29,500. Any more gains could open the doors for a test of the key barrier at $30,000. More Losses in BTC? If Bitcoin\u2019s price fails to clear the $28,200 resistance, it could continue to move down. Immediate support on the downside is near the $27,650 level. The next major support is near the $27,200 zone, below which the price might dive toward the $26,500 support zone. Any more losses might take Bitcoin toward $25,500 in the near term. 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 40 level. Major Support Levels \u2013 $27,650, followed by $27,200. Major Resistance Levels \u2013 $28,200, $28,500, and $28,800.<\/p>\n","protected":false},"author":67,"featured_media":450862,"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-529430","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 Continues Slide As Crypto Market Sentiment Takes Hit<\/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