Bitcoin is holding the key $18,500 support zone against the US Dollar. BTC must settle above the $20,000 resistance zone to move into a positive zone.<\/p>\n
Bitcoin is struggling to gain momentum above the $19,500 resistance zone.
\nThe price is trading below $19,000 and the 100 hourly simple moving average.
\nThere is a key bearish trend line forming with resistance near $19,020 on the hourly chart of the BTC\/USD pair (data feed from Kraken).
\nThe pair could stage a fresh rally if there is a clear move above the $19,500 resistance zone.<\/p>\n
Bitcoin Price Consolidates<\/p>\n
Bitcoin price made another attempt to clear the $19,500 resistance zone<\/a>. However, BTC struggled and formed a short-term top near the $19,400 level.<\/p>\n A high was formed near $19,392 and the price declined. There was a move below the $19,000 level and the 100 hourly simple moving average. The pair traded as low as $18,645 and is currently consolidating losses. There was a minor increase above the $18,800 level.<\/p>\n Bitcoin price climbed above the 23.6% Fib retracement level of the recent decline from the $19,392 swing high to $18,645 low. On the upside, an immediate resistance is near the $19,000 level and the 100 hourly simple moving average<\/a>.<\/p>\n There is also a key bearish trend line forming with resistance near $19,020 on the hourly chart of the BTC\/USD pair. The trend line is near the 50% Fib retracement level of the recent decline from the $19,392 swing high to $18,645 low.<\/p>\n <\/a><\/p>\n Source: BTCUSD on TradingView.com<\/a><\/p>\n The next major resistance sits near the $19,500 zone. A close above the $19,500 level might start a fresh surge to $20,000. Any more gains might start a steady increase and the price might rise towards the $21,500 resistance zone.<\/p>\n Fresh Decline in BTC?<\/p>\n If bitcoin fails to recover above the $19,500 zone, it could start a fresh decline. An immediate support on the downside is near the $18,650 zone.<\/p>\n The next major support is near the $18,500 level. A clear move below the $18,500 zone could set the pace for a fresh decline. In the stated case, the price may even test the $17,500 level.<\/p>\n Technical indicators:<\/p>\n Hourly MACD \u2013 The MACD is now losing pace in the bullish zone.<\/p>\n Hourly RSI (Relative Strength Index) \u2013 The RSI for BTC\/USD is now just below the 50 level.<\/p>\n Major Support Levels \u2013 $18,650, followed by $18,500.<\/p>\n Major Resistance Levels \u2013 $19,000, $19,350 and $19,500.<\/p>","protected":false},"excerpt":{"rendered":" <\/p>\n Bitcoin is holding the key $18,500 support zone against the US Dollar. BTC must settle above the $20,000 resistance zone to move into a positive zone.<\/p>\n Bitcoin is struggling to gain momentum above the $19,500 resistance zone. Bitcoin Price Consolidates<\/p>\n Bitcoin price made another attempt to clear the $19,500 resistance zone<\/a>. However, BTC struggled and formed a short-term top near the $19,400 level.<\/p>\n A high was formed near $19,392 and the price declined. There was a move below the $19,000 level and the 100 hourly simple moving average. The pair traded as low as $18,645 and is currently consolidating losses. There was a minor increase above the $18,800 level.<\/p>\n Bitcoin price climbed above the 23.6% Fib retracement level of the recent decline from the $19,392 swing high to $18,645 low. On the upside, an immediate resistance is near the $19,000 level and the 100 hourly simple moving average<\/a>.<\/p>\n There is also a key bearish trend line forming with resistance near $19,020 on the hourly chart of the BTC\/USD pair. The trend line is near the 50% Fib retracement level of the recent decline from the $19,392 swing high to $18,645 low.<\/p>\n
\nThe price is trading below $19,000 and the 100 hourly simple moving average.
\nThere is a key bearish trend line forming with resistance near $19,020 on the hourly chart of the BTC\/USD pair (data feed from Kraken).
\nThe pair could stage a fresh rally if there is a clear move above the $19,500 resistance zone.<\/p>\n
![<\/a><\/p>\nSource: BTCUSD on TradingView.com<\/a><\/p>\nThe next major resistance sits near the $19,500 zone. A close above the $19,500 level might start a fresh surge to $20,000. Any more gains might start a steady increase and the price might rise towards the $21,500 resistance zone.<\/p>\nFresh Decline in BTC?<\/p>\nIf bitcoin fails to recover above the $19,500 zone, it could start a fresh decline. An immediate support on the downside is near the $18,650 zone.<\/p>\nThe next major support is near the $18,500 level. A clear move below the $18,500 zone could set the pace for a fresh decline. In the stated case, the price may even test the $17,500 level.<\/p>\nTechnical indicators:<\/p>\nHourly MACD \u2013 The MACD is now losing pace in the bullish zone.<\/p>\nHourly RSI (Relative Strength Index) \u2013 The RSI for BTC\/USD is now just below the 50 level.<\/p>\nMajor Support Levels \u2013 $18,650, followed by $18,500.<\/p>\nMajor Resistance Levels \u2013 $19,000, $19,350 and $19,500.<\/p>","protected":false},"excerpt":{"rendered":"<\/p>\nBitcoin is holding the key $18,500 support zone against the US Dollar. BTC must settle above the $20,000 resistance zone to move into a positive zone.<\/p>\nBitcoin is struggling to gain momentum above the $19,500 resistance zone.\nThe price is trading below $19,000 and the 100 hourly simple moving average.\nThere is a key bearish trend line forming with resistance near $19,020 on the hourly chart of the BTC\/USD pair (data feed from Kraken).\nThe pair could stage a fresh rally if there is a clear move above the $19,500 resistance zone.<\/p>\nBitcoin Price Consolidates<\/p>\nBitcoin price made another attempt to clear the $19,500 resistance zone<\/a>. However, BTC struggled and formed a short-term top near the $19,400 level.<\/p>\nA high was formed near $19,392 and the price declined. There was a move below the $19,000 level and the 100 hourly simple moving average. The pair traded as low as $18,645 and is currently consolidating losses. There was a minor increase above the $18,800 level.<\/p>\nBitcoin price climbed above the 23.6% Fib retracement level of the recent decline from the $19,392 swing high to $18,645 low. On the upside, an immediate resistance is near the $19,000 level and the 100 hourly simple moving average<\/a>.<\/p>\nThere is also a key bearish trend line forming with resistance near $19,020 on the hourly chart of the BTC\/USD pair. The trend line is near the 50% Fib retracement level of the recent decline from the $19,392 swing high to $18,645 low.<\/p>\n<\/a><\/p>\nSource: BTCUSD on TradingView.com<\/a><\/p>\nThe next major resistance sits near the $19,500 zone. A close above the $19,500 level might start a fresh surge to $20,000. Any more gains might start a steady increase and the price might rise towards the $21,500 resistance zone.<\/p>\nFresh Decline in BTC?<\/p>\nIf bitcoin fails to recover above the $19,500 zone, it could start a fresh decline. An immediate support on the downside is near the $18,650 zone.<\/p>\nThe next major support is near the $18,500 level. A clear move below the $18,500 zone could set the pace for a fresh decline. In the stated case, the price may even test the $17,500 level.<\/p>\nTechnical indicators:<\/p>\nHourly MACD \u2013 The MACD is now losing pace in the bullish zone.<\/p>\nHourly RSI (Relative Strength Index) \u2013 The RSI for BTC\/USD is now just below the 50 level.<\/p>\nMajor Support Levels \u2013 $18,650, followed by $18,500.<\/p>\nMajor Resistance Levels \u2013 $19,000, $19,350 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-8434","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\/8434","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=8434"}],"version-history":[{"count":0,"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/posts\/8434\/revisions"}],"wp:attachment":[{"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/media?parent=8434"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/categories?post=8434"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/tags?post=8434"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}](\"https:\/\/www.newsbtc.com\/wp-content\/uploads\/2022\/09\/Bitcoin-25.png\"){kind=link}