Bitcoin is showing a few positive signs above $19,000 against the US Dollar. BTC could gain bullish momentum if it clears the $19,400 resistance zone.<\/p>\n
Bitcoin started an upside correction and climbed above $19,000.
\nThe price is now testing the $19,400 zone and the 100 hourly simple moving average.
\nThere was a break above a key bearish trend line with resistance near $19,200 on the hourly chart of the BTC\/USD pair (data feed from Kraken).
\nThe pair might start a decent increase if there is a clear move above the $19,500 resistance.<\/p>\n
Bitcoin Price Attempts Upside Break<\/p>\n
Bitcoin price found support near the $18,550 zone<\/a> and recently started an upside correction. There was a steady recovery wave above the $19,000 resistance zone.<\/p>\n There was a break above a key bearish trend line with resistance near $19,200 on the hourly chart of the BTC\/USD pair. The bulls were able to push the price above the 23.6% Fib retracement level of the downward move from the $20,172 swing high to $18,550 low.<\/p>\n Bitcoin price is now testing the $19,400 zone and the 100 hourly simple moving average<\/a>. The price is also trading near the 50% Fib retracement level of the downward move from the $20,172 swing high to $18,550 low.<\/p>\n <\/a><\/p>\n Source: BTCUSD on TradingView.com<\/a><\/p>\n On the upside, an immediate resistance is near the $19,400 level and the 100 hourly simple moving average. The next major resistance sits near the $19,500 level. A proper close above the $19,500 resistance might start a steady increase to $20,000. Any more gains might send the price towards the $20,500 resistance zone.<\/p>\n Fresh Decline in BTC?<\/p>\n If bitcoin fails to gain pace above the $19,500 zone, it could start another decline. An immediate support on the downside is near the $19,200 zone.<\/p>\n The first major support is now forming near the $19,070 level. A downside break below the $19,070 level might send the price towards the $18,550 support. Any more losses below $18,550 might put a lot of pressure on the bulls. In the stated case, the price could drop towards the $18,000 support 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 $19,070, followed by $18,550.<\/p>\n Major Resistance Levels \u2013 $19,400, $19,500 and $20,000.<\/p>","protected":false},"excerpt":{"rendered":" <\/p>\n Bitcoin is showing a few positive signs above $19,000 against the US Dollar. BTC could gain bullish momentum if it clears the $19,400 resistance zone.<\/p>\n Bitcoin started an upside correction and climbed above $19,000. Bitcoin Price Attempts Upside Break<\/p>\n Bitcoin price found support near the $18,550 zone<\/a> and recently started an upside correction. There was a steady recovery wave above the $19,000 resistance zone.<\/p>\n There was a break above a key bearish trend line with resistance near $19,200 on the hourly chart of the BTC\/USD pair. The bulls were able to push the price above the 23.6% Fib retracement level of the downward move from the $20,172 swing high to $18,550 low.<\/p>\n Bitcoin price is now testing the $19,400 zone and the 100 hourly simple moving average<\/a>. The price is also trading near the 50% Fib retracement level of the downward move from the $20,172 swing high to $18,550 low.<\/p>\n
\nThe price is now testing the $19,400 zone and the 100 hourly simple moving average.
\nThere was a break above a key bearish trend line with resistance near $19,200 on the hourly chart of the BTC\/USD pair (data feed from Kraken).
\nThe pair might start a decent increase if there is a clear move above the $19,500 resistance.<\/p>\n
![<\/a><\/p>\nSource: BTCUSD on TradingView.com<\/a><\/p>\nOn the upside, an immediate resistance is near the $19,400 level and the 100 hourly simple moving average. The next major resistance sits near the $19,500 level. A proper close above the $19,500 resistance might start a steady increase to $20,000. Any more gains might send the price towards the $20,500 resistance zone.<\/p>\nFresh Decline in BTC?<\/p>\nIf bitcoin fails to gain pace above the $19,500 zone, it could start another decline. An immediate support on the downside is near the $19,200 zone.<\/p>\nThe first major support is now forming near the $19,070 level. A downside break below the $19,070 level might send the price towards the $18,550 support. Any more losses below $18,550 might put a lot of pressure on the bulls. In the stated case, the price could drop towards the $18,000 support 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 $19,070, followed by $18,550.<\/p>\nMajor Resistance Levels \u2013 $19,400, $19,500 and $20,000.<\/p>","protected":false},"excerpt":{"rendered":"<\/p>\nBitcoin is showing a few positive signs above $19,000 against the US Dollar. BTC could gain bullish momentum if it clears the $19,400 resistance zone.<\/p>\nBitcoin started an upside correction and climbed above $19,000.\nThe price is now testing the $19,400 zone and the 100 hourly simple moving average.\nThere was a break above a key bearish trend line with resistance near $19,200 on the hourly chart of the BTC\/USD pair (data feed from Kraken).\nThe pair might start a decent increase if there is a clear move above the $19,500 resistance.<\/p>\nBitcoin Price Attempts Upside Break<\/p>\nBitcoin price found support near the $18,550 zone<\/a> and recently started an upside correction. There was a steady recovery wave above the $19,000 resistance zone.<\/p>\nThere was a break above a key bearish trend line with resistance near $19,200 on the hourly chart of the BTC\/USD pair. The bulls were able to push the price above the 23.6% Fib retracement level of the downward move from the $20,172 swing high to $18,550 low.<\/p>\nBitcoin price is now testing the $19,400 zone and the 100 hourly simple moving average<\/a>. The price is also trading near the 50% Fib retracement level of the downward move from the $20,172 swing high to $18,550 low.<\/p>\n<\/a><\/p>\nSource: BTCUSD on TradingView.com<\/a><\/p>\nOn the upside, an immediate resistance is near the $19,400 level and the 100 hourly simple moving average. The next major resistance sits near the $19,500 level. A proper close above the $19,500 resistance might start a steady increase to $20,000. Any more gains might send the price towards the $20,500 resistance zone.<\/p>\nFresh Decline in BTC?<\/p>\nIf bitcoin fails to gain pace above the $19,500 zone, it could start another decline. An immediate support on the downside is near the $19,200 zone.<\/p>\nThe first major support is now forming near the $19,070 level. A downside break below the $19,070 level might send the price towards the $18,550 support. Any more losses below $18,550 might put a lot of pressure on the bulls. In the stated case, the price could drop towards the $18,000 support 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 $19,070, followed by $18,550.<\/p>\nMajor Resistance Levels \u2013 $19,400, $19,500 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-7280","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\/7280","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=7280"}],"version-history":[{"count":0,"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/posts\/7280\/revisions"}],"wp:attachment":[{"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/media?parent=7280"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/categories?post=7280"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/tags?post=7280"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}](\"https:\/\/www.newsbtc.com\/wp-content\/uploads\/2022\/09\/Bitcoin-9.png\"){kind=link}