Bitcoin is struggling to gain momentum above $20,000 against the US Dollar. BTC could rise steadily if there is a clear move above the $20,200 resistance zone.<\/p>\n
Bitcoin is stuck near the $20,000 zone and trading below the $20,550 resistance.
\nThe price is now trading near the $20,000 level and the 100 hourly simple moving average.
\nThere is a major bearish trend line forming with resistance near $20,200 on the hourly chart of the BTC\/USD pair (data feed from Kraken).
\nThe pair could start a steady increase if it clears the $20,200 zone and $20,550 resistance levels.<\/p>\n
Bitcoin Price Stuck Near $20K<\/p>\n
Bitcoin price traded in a range and remained well supported above the $19,550 zone<\/a>. BTC also struggled to clear the $20,500 resistance zone.<\/p>\n Recently, there was a fresh drop below the $20,000 level. However, the bulls were active near the $19,500 zone. A low was formed near $19,560 and the price started a decent increase. There was a move above the $19,800 and $20,000 levels.<\/p>\n The bulls pushed the price above the 50% Fib retracement level of the recent decline from the $20,473 swing high to $19,560 low. Bitcoin price is now trading near the $20,000 level and the 100 hourly simple moving average<\/a>.<\/p>\n On the upside, an immediate resistance is near the $20,125 level. It is near the 61.8% Fib retracement level of the recent decline from the $20,473 swing high to $19,560 low. There is also a major bearish trend line forming with resistance near $20,200 on the hourly chart of the BTC\/USD pair.<\/p>\n <\/a><\/p>\n Source: BTCUSD on TradingView.com<\/a><\/p>\n The next major resistance sits near the $20,350 and $20,500 levels. A clear move above the $20,500 resistance might send the price towards $21,200. Any more gains might start a steady move towards the $22,000 resistance zone.<\/p>\n Dips Limited in BTC?<\/p>\n If bitcoin fails to clear the $20,200 resistance zone, it could start another decline. An immediate support on the downside is near the $19,850 zone.<\/p>\n The next major support sits near the $19,550 level. The main support sits near the $19,500 level. A break below the $19,500 support might start a sharp decline to $19,000. Any more losses might call for a move to $18,500 in the near term.<\/p>\n Technical indicators:<\/p>\n Hourly MACD \u2013 The MACD is now gaining pace in the bullish zone.<\/p>\n Hourly RSI (Relative Strength Index) \u2013 The RSI for BTC\/USD is now above the 50 level.<\/p>\n Major Support Levels \u2013 $19,850, followed by $19,500.<\/p>\n Major Resistance Levels \u2013 $20,200, $20,350 and $20,500.<\/p>","protected":false},"excerpt":{"rendered":" <\/p>\n Bitcoin is struggling to gain momentum above $20,000 against the US Dollar. BTC could rise steadily if there is a clear move above the $20,200 resistance zone.<\/p>\n Bitcoin is stuck near the $20,000 zone and trading below the $20,550 resistance. Bitcoin Price Stuck Near $20K<\/p>\n Bitcoin price traded in a range and remained well supported above the $19,550 zone<\/a>. BTC also struggled to clear the $20,500 resistance zone.<\/p>\n Recently, there was a fresh drop below the $20,000 level. However, the bulls were active near the $19,500 zone. A low was formed near $19,560 and the price started a decent increase. There was a move above the $19,800 and $20,000 levels.<\/p>\n The bulls pushed the price above the 50% Fib retracement level of the recent decline from the $20,473 swing high to $19,560 low. Bitcoin price is now trading near the $20,000 level and the 100 hourly simple moving average<\/a>.<\/p>\n On the upside, an immediate resistance is near the $20,125 level. It is near the 61.8% Fib retracement level of the recent decline from the $20,473 swing high to $19,560 low. There is also a major bearish trend line forming with resistance near $20,200 on the hourly chart of the BTC\/USD pair.<\/p>\n
\nThe price is now trading near the $20,000 level and the 100 hourly simple moving average.
\nThere is a major bearish trend line forming with resistance near $20,200 on the hourly chart of the BTC\/USD pair (data feed from Kraken).
\nThe pair could start a steady increase if it clears the $20,200 zone and $20,550 resistance levels.<\/p>\n
![<\/a><\/p>\nSource: BTCUSD on TradingView.com<\/a><\/p>\nThe next major resistance sits near the $20,350 and $20,500 levels. A clear move above the $20,500 resistance might send the price towards $21,200. Any more gains might start a steady move towards the $22,000 resistance zone.<\/p>\nDips Limited in BTC?<\/p>\nIf bitcoin fails to clear the $20,200 resistance zone, it could start another decline. An immediate support on the downside is near the $19,850 zone.<\/p>\nThe next major support sits near the $19,550 level. The main support sits near the $19,500 level. A break below the $19,500 support might start a sharp decline to $19,000. Any more losses might call for a move to $18,500 in the near term.<\/p>\nTechnical indicators:<\/p>\nHourly MACD \u2013 The MACD is now gaining pace in the bullish zone.<\/p>\nHourly RSI (Relative Strength Index) \u2013 The RSI for BTC\/USD is now above the 50 level.<\/p>\nMajor Support Levels \u2013 $19,850, followed by $19,500.<\/p>\nMajor Resistance Levels \u2013 $20,200, $20,350 and $20,500.<\/p>","protected":false},"excerpt":{"rendered":"<\/p>\nBitcoin is struggling to gain momentum above $20,000 against the US Dollar. BTC could rise steadily if there is a clear move above the $20,200 resistance zone.<\/p>\nBitcoin is stuck near the $20,000 zone and trading below the $20,550 resistance.\nThe price is now trading near the $20,000 level and the 100 hourly simple moving average.\nThere is a major bearish trend line forming with resistance near $20,200 on the hourly chart of the BTC\/USD pair (data feed from Kraken).\nThe pair could start a steady increase if it clears the $20,200 zone and $20,550 resistance levels.<\/p>\nBitcoin Price Stuck Near $20K<\/p>\nBitcoin price traded in a range and remained well supported above the $19,550 zone<\/a>. BTC also struggled to clear the $20,500 resistance zone.<\/p>\nRecently, there was a fresh drop below the $20,000 level. However, the bulls were active near the $19,500 zone. A low was formed near $19,560 and the price started a decent increase. There was a move above the $19,800 and $20,000 levels.<\/p>\nThe bulls pushed the price above the 50% Fib retracement level of the recent decline from the $20,473 swing high to $19,560 low. Bitcoin price is now trading near the $20,000 level and the 100 hourly simple moving average<\/a>.<\/p>\nOn the upside, an immediate resistance is near the $20,125 level. It is near the 61.8% Fib retracement level of the recent decline from the $20,473 swing high to $19,560 low. There is also a major bearish trend line forming with resistance near $20,200 on the hourly chart of the BTC\/USD pair.<\/p>\n<\/a><\/p>\nSource: BTCUSD on TradingView.com<\/a><\/p>\nThe next major resistance sits near the $20,350 and $20,500 levels. A clear move above the $20,500 resistance might send the price towards $21,200. Any more gains might start a steady move towards the $22,000 resistance zone.<\/p>\nDips Limited in BTC?<\/p>\nIf bitcoin fails to clear the $20,200 resistance zone, it could start another decline. An immediate support on the downside is near the $19,850 zone.<\/p>\nThe next major support sits near the $19,550 level. The main support sits near the $19,500 level. A break below the $19,500 support might start a sharp decline to $19,000. Any more losses might call for a move to $18,500 in the near term.<\/p>\nTechnical indicators:<\/p>\nHourly MACD \u2013 The MACD is now gaining pace in the bullish zone.<\/p>\nHourly RSI (Relative Strength Index) \u2013 The RSI for BTC\/USD is now above the 50 level.<\/p>\nMajor Support Levels \u2013 $19,850, followed by $19,500.<\/p>\nMajor Resistance Levels \u2013 $20,200, $20,350 and $20,500.<\/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-6834","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\/6834","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=6834"}],"version-history":[{"count":0,"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/posts\/6834\/revisions"}],"wp:attachment":[{"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/media?parent=6834"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/categories?post=6834"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/tags?post=6834"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}](\"https:\/\/www.newsbtc.com\/wp-content\/uploads\/2022\/09\/Bitcoin-2.png\"){kind=link}