Bitcoin failed to stay above the $20,000 resistance against the US Dollar. BTC is sliding and might even break the $18,250 support zone.<\/p>\n
Bitcoin failed to stay above the $20,000 resistance and started a fresh decline.
\nThe price is trading below $19,000 and the 100 hourly simple moving average.
\nThere was a break below a key bullish trend line with support near $19,450 on the hourly chart of the BTC\/USD pair (data feed from Kraken).
\nThe pair could accelerate lower below the $18,250 support zone in the near term.<\/p>\n
Bitcoin Price Restarts Decline<\/p>\n
Bitcoin price attempted a decent upward move<\/a> above the $19,500 resistance. BTC even climbed above the $20,000 resistance and the 100 hourly simple moving average.<\/p>\n However, the crypto market faced a fresh selling interest after the US Dollar regained strength. As a result, bitcoin price topped near the $20,383 level and started another decline. There was a sharp move below the $20,000 level.<\/p>\n Besides, there was a break below a key bullish trend line with support near $19,450 on the hourly chart of the BTC\/USD pair. The pair declined below the 61.8% Fib retracement level of the upward move from the $18,645 swing low to $20,383 high.<\/p>\n It is now trading below $19,000 and the 100 hourly simple moving average<\/a>. An immediate support on the downside sits near the $18,600 level, with a bearish angle. On the upside, an immediate resistance is near the $19,000 level.<\/p>\n <\/a><\/p>\n Source: BTCUSD on TradingView.com<\/a><\/p>\n The next major resistance sits near the $19,200 zone and the 100 hourly simple moving average. A close above the $19,200 level might start a decent increase. In the stated case, the price could rise towards $19,500. Any more gains might lead the price higher towards the $20,000 resistance zone.<\/p>\n More Losses in BTC?<\/p>\n If bitcoin fails to recover above the $19,200 resistance zone, it could continue to move down. An immediate support on the downside is near the $18,500 zone.<\/p>\n The next major support is near the $18,250 zone. It is near the 10236 Fib extension level of the upward move from the $18,645 swing low to $20,383 high. Any more losses might call for a drop towards the $17,500 support zone in the coming sessions.<\/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 $18,500, followed by $18,250.<\/p>\n Major Resistance Levels \u2013 $19,000, $19,200 and $20,000.<\/p>","protected":false},"excerpt":{"rendered":" <\/p>\n Bitcoin failed to stay above the $20,000 resistance against the US Dollar. BTC is sliding and might even break the $18,250 support zone.<\/p>\n Bitcoin failed to stay above the $20,000 resistance and started a fresh decline. Bitcoin Price Restarts Decline<\/p>\n Bitcoin price attempted a decent upward move<\/a> above the $19,500 resistance. BTC even climbed above the $20,000 resistance and the 100 hourly simple moving average.<\/p>\n However, the crypto market faced a fresh selling interest after the US Dollar regained strength. As a result, bitcoin price topped near the $20,383 level and started another decline. There was a sharp move below the $20,000 level.<\/p>\n Besides, there was a break below a key bullish trend line with support near $19,450 on the hourly chart of the BTC\/USD pair. The pair declined below the 61.8% Fib retracement level of the upward move from the $18,645 swing low to $20,383 high.<\/p>\n It is now trading below $19,000 and the 100 hourly simple moving average<\/a>. An immediate support on the downside sits near the $18,600 level, with a bearish angle. On the upside, an immediate resistance is near the $19,000 level.<\/p>\n
\nThe price is trading below $19,000 and the 100 hourly simple moving average.
\nThere was a break below a key bullish trend line with support near $19,450 on the hourly chart of the BTC\/USD pair (data feed from Kraken).
\nThe pair could accelerate lower below the $18,250 support zone in the near term.<\/p>\n
![<\/a><\/p>\nSource: BTCUSD on TradingView.com<\/a><\/p>\nThe next major resistance sits near the $19,200 zone and the 100 hourly simple moving average. A close above the $19,200 level might start a decent increase. In the stated case, the price could rise towards $19,500. Any more gains might lead the price higher towards the $20,000 resistance zone.<\/p>\nMore Losses in BTC?<\/p>\nIf bitcoin fails to recover above the $19,200 resistance zone, it could continue to move down. An immediate support on the downside is near the $18,500 zone.<\/p>\nThe next major support is near the $18,250 zone. It is near the 10236 Fib extension level of the upward move from the $18,645 swing low to $20,383 high. Any more losses might call for a drop towards the $17,500 support zone in the coming sessions.<\/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 $18,500, followed by $18,250.<\/p>\nMajor Resistance Levels \u2013 $19,000, $19,200 and $20,000.<\/p>","protected":false},"excerpt":{"rendered":"<\/p>\nBitcoin failed to stay above the $20,000 resistance against the US Dollar. BTC is sliding and might even break the $18,250 support zone.<\/p>\nBitcoin failed to stay above the $20,000 resistance and started a fresh decline.\nThe price is trading below $19,000 and the 100 hourly simple moving average.\nThere was a break below a key bullish trend line with support near $19,450 on the hourly chart of the BTC\/USD pair (data feed from Kraken).\nThe pair could accelerate lower below the $18,250 support zone in the near term.<\/p>\nBitcoin Price Restarts Decline<\/p>\nBitcoin price attempted a decent upward move<\/a> above the $19,500 resistance. BTC even climbed above the $20,000 resistance and the 100 hourly simple moving average.<\/p>\nHowever, the crypto market faced a fresh selling interest after the US Dollar regained strength. As a result, bitcoin price topped near the $20,383 level and started another decline. There was a sharp move below the $20,000 level.<\/p>\nBesides, there was a break below a key bullish trend line with support near $19,450 on the hourly chart of the BTC\/USD pair. The pair declined below the 61.8% Fib retracement level of the upward move from the $18,645 swing low to $20,383 high.<\/p>\nIt is now trading below $19,000 and the 100 hourly simple moving average<\/a>. An immediate support on the downside sits near the $18,600 level, with a bearish angle. On the upside, an immediate resistance is near the $19,000 level.<\/p>\n<\/a><\/p>\nSource: BTCUSD on TradingView.com<\/a><\/p>\nThe next major resistance sits near the $19,200 zone and the 100 hourly simple moving average. A close above the $19,200 level might start a decent increase. In the stated case, the price could rise towards $19,500. Any more gains might lead the price higher towards the $20,000 resistance zone.<\/p>\nMore Losses in BTC?<\/p>\nIf bitcoin fails to recover above the $19,200 resistance zone, it could continue to move down. An immediate support on the downside is near the $18,500 zone.<\/p>\nThe next major support is near the $18,250 zone. It is near the 10236 Fib extension level of the upward move from the $18,645 swing low to $20,383 high. Any more losses might call for a drop towards the $17,500 support zone in the coming sessions.<\/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 $18,500, followed by $18,250.<\/p>\nMajor Resistance Levels \u2013 $19,000, $19,200 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-8625","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\/8625","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=8625"}],"version-history":[{"count":0,"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/posts\/8625\/revisions"}],"wp:attachment":[{"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/media?parent=8625"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/categories?post=8625"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/tags?post=8625"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}](\"https:\/\/www.newsbtc.com\/wp-content\/uploads\/2022\/09\/Bitcoin-27.png\"){kind=link}