Bitcoin price corrected lower below the $19,500 level against the US Dollar. BTC remains in a key range and trading above the $19,000 support zone.<\/p>\n
Bitcoin failed to gain strength above $19,600 and corrected gains.
\nThe price is trading near $19,250 and the 100 hourly simple moving average.
\nThere was a break below a key bullish trend line with support near $19,400 on the hourly chart of the BTC\/USD pair (data feed from Kraken).
\nThe pair could attempt a fresh increase unless there is a clear move below the $19,000 support.<\/p>\n
Bitcoin Price Remains Supported<\/p>\n
Bitcoin price made an attempt to gain pace<\/a> above the $19,500 resistance zone. BTC even spiked above the $19,600 level, but there was no follow through move.<\/p>\n The price formed a high near $19,696 and started a downside correction. There was a move below the $19,500 and $19,400 levels. Besides, there was a break below a key bullish trend line with support near $19,400 on the hourly chart of the BTC\/USD pair.<\/p>\n Bitcoin price traded as low as $19,110 and is currently trading in a range. It is trading near $19,250 and the 100 hourly simple moving average<\/a>. There was a break above the 23.6% Fib retracement level of the recent decline from the $19,696 swing high to $19,110 low.<\/p>\n On the upside, an immediate resistance is near the $19,400 level. It is close to the 50% Fib retracement level of the recent decline from the $19,696 swing high to $19,110 low.<\/p>\n <\/a><\/p>\n Source: BTCUSD on TradingView.com<\/a><\/p>\n The first major resistance sits near the $19,680 level. A clear move above the $19,680 resistance might start a decent increase. In the stated case, the price may perhaps test the $20,000 resistance. Any more gains might start a steady increase towards the $21,200 resistance zone.<\/p>\n Downside Break in BTC?<\/p>\n If bitcoin fails to rise above the $19,400 resistance zone, it could continue to move down. An immediate support on the downside is near the $19,100 zone.<\/p>\n The next major support is near the $19,000 zone. A downside break and close below the $19,000 support zone might start a major decline. In the stated case, the price could decline towards the $18,500 support zone.<\/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 $19,100, followed by $19,000.<\/p>\n Major Resistance Levels \u2013 $19,400, $19,680 and $20,000.<\/p>","protected":false},"excerpt":{"rendered":" <\/p>\n Bitcoin price corrected lower below the $19,500 level against the US Dollar. BTC remains in a key range and trading above the $19,000 support zone.<\/p>\n Bitcoin failed to gain strength above $19,600 and corrected gains. Bitcoin Price Remains Supported<\/p>\n Bitcoin price made an attempt to gain pace<\/a> above the $19,500 resistance zone. BTC even spiked above the $19,600 level, but there was no follow through move.<\/p>\n The price formed a high near $19,696 and started a downside correction. There was a move below the $19,500 and $19,400 levels. Besides, there was a break below a key bullish trend line with support near $19,400 on the hourly chart of the BTC\/USD pair.<\/p>\n Bitcoin price traded as low as $19,110 and is currently trading in a range. It is trading near $19,250 and the 100 hourly simple moving average<\/a>. There was a break above the 23.6% Fib retracement level of the recent decline from the $19,696 swing high to $19,110 low.<\/p>\n On the upside, an immediate resistance is near the $19,400 level. It is close to the 50% Fib retracement level of the recent decline from the $19,696 swing high to $19,110 low.<\/p>\n
\nThe price is trading near $19,250 and the 100 hourly simple moving average.
\nThere was a break below a key bullish trend line with support near $19,400 on the hourly chart of the BTC\/USD pair (data feed from Kraken).
\nThe pair could attempt a fresh increase unless there is a clear move below the $19,000 support.<\/p>\n
![<\/a><\/p>\nSource: BTCUSD on TradingView.com<\/a><\/p>\nThe first major resistance sits near the $19,680 level. A clear move above the $19,680 resistance might start a decent increase. In the stated case, the price may perhaps test the $20,000 resistance. Any more gains might start a steady increase towards the $21,200 resistance zone.<\/p>\nDownside Break in BTC?<\/p>\nIf bitcoin fails to rise above the $19,400 resistance zone, it could continue to move down. An immediate support on the downside is near the $19,100 zone.<\/p>\nThe next major support is near the $19,000 zone. A downside break and close below the $19,000 support zone might start a major decline. In the stated case, the price could decline towards the $18,500 support zone.<\/p>\nTechnical indicators:<\/p>\nHourly MACD \u2013 The MACD is now losing pace in the bearish zone.<\/p>\nHourly RSI (Relative Strength Index) \u2013 The RSI for BTC\/USD is now below the 50 level.<\/p>\nMajor Support Levels \u2013 $19,100, followed by $19,000.<\/p>\nMajor Resistance Levels \u2013 $19,400, $19,680 and $20,000.<\/p>","protected":false},"excerpt":{"rendered":"<\/p>\nBitcoin price corrected lower below the $19,500 level against the US Dollar. BTC remains in a key range and trading above the $19,000 support zone.<\/p>\nBitcoin failed to gain strength above $19,600 and corrected gains.\nThe price is trading near $19,250 and the 100 hourly simple moving average.\nThere was a break below a key bullish trend line with support near $19,400 on the hourly chart of the BTC\/USD pair (data feed from Kraken).\nThe pair could attempt a fresh increase unless there is a clear move below the $19,000 support.<\/p>\nBitcoin Price Remains Supported<\/p>\nBitcoin price made an attempt to gain pace<\/a> above the $19,500 resistance zone. BTC even spiked above the $19,600 level, but there was no follow through move.<\/p>\nThe price formed a high near $19,696 and started a downside correction. There was a move below the $19,500 and $19,400 levels. Besides, there was a break below a key bullish trend line with support near $19,400 on the hourly chart of the BTC\/USD pair.<\/p>\nBitcoin price traded as low as $19,110 and is currently trading in a range. It is trading near $19,250 and the 100 hourly simple moving average<\/a>. There was a break above the 23.6% Fib retracement level of the recent decline from the $19,696 swing high to $19,110 low.<\/p>\nOn the upside, an immediate resistance is near the $19,400 level. It is close to the 50% Fib retracement level of the recent decline from the $19,696 swing high to $19,110 low.<\/p>\n<\/a><\/p>\nSource: BTCUSD on TradingView.com<\/a><\/p>\nThe first major resistance sits near the $19,680 level. A clear move above the $19,680 resistance might start a decent increase. In the stated case, the price may perhaps test the $20,000 resistance. Any more gains might start a steady increase towards the $21,200 resistance zone.<\/p>\nDownside Break in BTC?<\/p>\nIf bitcoin fails to rise above the $19,400 resistance zone, it could continue to move down. An immediate support on the downside is near the $19,100 zone.<\/p>\nThe next major support is near the $19,000 zone. A downside break and close below the $19,000 support zone might start a major decline. In the stated case, the price could decline towards the $18,500 support zone.<\/p>\nTechnical indicators:<\/p>\nHourly MACD \u2013 The MACD is now losing pace in the bearish zone.<\/p>\nHourly RSI (Relative Strength Index) \u2013 The RSI for BTC\/USD is now below the 50 level.<\/p>\nMajor Support Levels \u2013 $19,100, followed by $19,000.<\/p>\nMajor Resistance Levels \u2013 $19,400, $19,680 and $20,000.<\/p>\n<\/p>\n","protected":false},"author":0,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"colormag_page_layout":"default_layout","_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[82],"tags":[],"class_list":["post-10071","post","type-post","status-publish","format-standard","hentry","category-blockchain"],"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/posts\/10071","targetHints":{"allow":["GET"]}}],"collection":[{"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/comments?post=10071"}],"version-history":[{"count":0,"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/posts\/10071\/revisions"}],"wp:attachment":[{"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/media?parent=10071"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/categories?post=10071"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/tags?post=10071"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}](\"https:\/\/www.newsbtc.com\/wp-content\/uploads\/2022\/10\/Bitcoin-14.png\"){kind=link}