Bitcoin started a fresh decline below the $20,000 support zone against the US Dollar. BTC traded below $19,000 and remains at a risk of a move to $18,000.<\/p>\n
Bitcoin started a fresh decline and traded below the $19,500 support.
\nThe price is now trading below $19,200 and the 100 hourly simple moving average.
\nThere was a break below a connecting bullish trend line with support at $19,850 on the hourly chart of the BTC\/USD pair (data feed from Kraken).
\nThe pair is now at a risk of a move towards the $18,000 support zone in the near term.<\/p>\n
Bitcoin Price Starts Fresh Decline<\/p>\n
Bitcoin price failed to surpass the $20,500 resistance level<\/a>. BTC started a fresh decline and traded below the $20,000 and $19,500 support levels.<\/p>\n Besides, there was a break below a connecting bullish trend line with support at $19,850 on the hourly chart of the BTC\/USD pair. The pair accelerated lower below the $19,200 level and the 100 hourly simple moving average. It even declined below $19,000 and traded as low as $18,706.<\/p>\n Bitcoin price is now consolidating losses below $19,200 and the 100 hourly simple moving average<\/a>. On the upside, an immediate resistance is near the $19,050 level. It is near the 23.6% Fib retracement level of the recent decline from the $20,197 swing high to $18,706 low.<\/p>\n The next major resistance sits near the $19,350 level. It coincides with the 50% Fib retracement level of the recent decline from the $20,197 swing high to $18,706 low.<\/p>\n <\/a><\/p>\n Source: BTCUSD on TradingView.com<\/a><\/p>\n The main barrier is now forming near the $20,000 zone and the 100 hourly simple moving average. A close above the $20,000 resistance might start a fresh increase. In the stated case, the price may perhaps rise towards $21,200.<\/p>\n More Losses in BTC?<\/p>\n If bitcoin fails to start a recovery wave above the $19,050 resistance zone, it could continue to move down. An immediate support on the downside is near the $18,700 zone.<\/p>\n The next major support is near the $18,550 level. A clear move below the $18,700 and $18,550 levels might open the doors for a move towards the $18,000 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 50 level.<\/p>\n Major Support Levels \u2013 $18,700, followed by $18,550.<\/p>\n Major Resistance Levels \u2013 $19,050, $19,300 and $19,500.<\/p>","protected":false},"excerpt":{"rendered":" <\/p>\n Bitcoin started a fresh decline below the $20,000 support zone against the US Dollar. BTC traded below $19,000 and remains at a risk of a move to $18,000.<\/p>\n Bitcoin started a fresh decline and traded below the $19,500 support. Bitcoin Price Starts Fresh Decline<\/p>\n Bitcoin price failed to surpass the $20,500 resistance level<\/a>. BTC started a fresh decline and traded below the $20,000 and $19,500 support levels.<\/p>\n Besides, there was a break below a connecting bullish trend line with support at $19,850 on the hourly chart of the BTC\/USD pair. The pair accelerated lower below the $19,200 level and the 100 hourly simple moving average. It even declined below $19,000 and traded as low as $18,706.<\/p>\n Bitcoin price is now consolidating losses below $19,200 and the 100 hourly simple moving average<\/a>. On the upside, an immediate resistance is near the $19,050 level. It is near the 23.6% Fib retracement level of the recent decline from the $20,197 swing high to $18,706 low.<\/p>\n The next major resistance sits near the $19,350 level. It coincides with the 50% Fib retracement level of the recent decline from the $20,197 swing high to $18,706 low.<\/p>\n
\nThe price is now trading below $19,200 and the 100 hourly simple moving average.
\nThere was a break below a connecting bullish trend line with support at $19,850 on the hourly chart of the BTC\/USD pair (data feed from Kraken).
\nThe pair is now at a risk of a move towards the $18,000 support zone in the near term.<\/p>\n
![<\/a><\/p>\nSource: BTCUSD on TradingView.com<\/a><\/p>\nThe main barrier is now forming near the $20,000 zone and the 100 hourly simple moving average. A close above the $20,000 resistance might start a fresh increase. In the stated case, the price may perhaps rise towards $21,200.<\/p>\nMore Losses in BTC?<\/p>\nIf bitcoin fails to start a recovery wave above the $19,050 resistance zone, it could continue to move down. An immediate support on the downside is near the $18,700 zone.<\/p>\nThe next major support is near the $18,550 level. A clear move below the $18,700 and $18,550 levels might open the doors for a move towards the $18,000 level.<\/p>\nTechnical indicators:<\/p>\nHourly MACD \u2013 The MACD is now gaining 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 $18,700, followed by $18,550.<\/p>\nMajor Resistance Levels \u2013 $19,050, $19,300 and $19,500.<\/p>","protected":false},"excerpt":{"rendered":"<\/p>\nBitcoin started a fresh decline below the $20,000 support zone against the US Dollar. BTC traded below $19,000 and remains at a risk of a move to $18,000.<\/p>\nBitcoin started a fresh decline and traded below the $19,500 support.\nThe price is now trading below $19,200 and the 100 hourly simple moving average.\nThere was a break below a connecting bullish trend line with support at $19,850 on the hourly chart of the BTC\/USD pair (data feed from Kraken).\nThe pair is now at a risk of a move towards the $18,000 support zone in the near term.<\/p>\nBitcoin Price Starts Fresh Decline<\/p>\nBitcoin price failed to surpass the $20,500 resistance level<\/a>. BTC started a fresh decline and traded below the $20,000 and $19,500 support levels.<\/p>\nBesides, there was a break below a connecting bullish trend line with support at $19,850 on the hourly chart of the BTC\/USD pair. The pair accelerated lower below the $19,200 level and the 100 hourly simple moving average. It even declined below $19,000 and traded as low as $18,706.<\/p>\nBitcoin price is now consolidating losses below $19,200 and the 100 hourly simple moving average<\/a>. On the upside, an immediate resistance is near the $19,050 level. It is near the 23.6% Fib retracement level of the recent decline from the $20,197 swing high to $18,706 low.<\/p>\nThe next major resistance sits near the $19,350 level. It coincides with the 50% Fib retracement level of the recent decline from the $20,197 swing high to $18,706 low.<\/p>\n<\/a><\/p>\nSource: BTCUSD on TradingView.com<\/a><\/p>\nThe main barrier is now forming near the $20,000 zone and the 100 hourly simple moving average. A close above the $20,000 resistance might start a fresh increase. In the stated case, the price may perhaps rise towards $21,200.<\/p>\nMore Losses in BTC?<\/p>\nIf bitcoin fails to start a recovery wave above the $19,050 resistance zone, it could continue to move down. An immediate support on the downside is near the $18,700 zone.<\/p>\nThe next major support is near the $18,550 level. A clear move below the $18,700 and $18,550 levels might open the doors for a move towards the $18,000 level.<\/p>\nTechnical indicators:<\/p>\nHourly MACD \u2013 The MACD is now gaining 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 $18,700, followed by $18,550.<\/p>\nMajor Resistance Levels \u2013 $19,050, $19,300 and $19,500.<\/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-7933","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\/7933","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=7933"}],"version-history":[{"count":0,"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/posts\/7933\/revisions"}],"wp:attachment":[{"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/media?parent=7933"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/categories?post=7933"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/tags?post=7933"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}](\"https:\/\/www.newsbtc.com\/wp-content\/uploads\/2022\/09\/Bitcoin-20.png\"){kind=link}