Bitcoin price is holding gains above the $19,000 level against the US Dollar. BTC could rally if there is a clear move above the $19,660 resistance zone.<\/p>\n
Bitcoin remained stable and consolidated above the $19,000 support zone.
\nThe price is trading above $19,100 and the 100 hourly simple moving average.
\nThere is a key bullish trend line forming with support near $19,220 on the hourly chart of the BTC\/USD pair (data feed from Kraken).
\nThe pair could start a fresh surge if there is a clear move above the $19,660 resistance zone.<\/p>\n
Bitcoin Price Consolidates<\/p>\n
Bitcoin price started a recovery wave from the $18,500 support zone<\/a>. BTC bulls remained active above the $18,500 level and managed to push the price above the $19,000 resistance zone.<\/p>\n There was a clear move above the 50% Fib retracement level of the key decline from the $20,382 swing high to $18,486 low. The price even climbed above the $19,500 resistance zone, but the bears were active near the $19,650 and $19,660 levels.<\/p>\n Bitcoin price is now consolidating above $19,100 and the 100 hourly simple moving average<\/a>. There is also a key bullish trend line forming with support near $19,220 on the hourly chart of the BTC\/USD pair.<\/p>\n On the upside, an immediate resistance is near the $19,500 level. The next major resistance sits near the $19,660 zone. It is close to the 61.8% Fib retracement level of the key decline from the $20,382 swing high to $18,486 low.<\/p>\n <\/a><\/p>\n Source: BTCUSD on TradingView.com<\/a><\/p>\n A clear move above the $19,660 resistance might start a fresh increase. In the stated case, the price could even surpass the $20,000 resistance zone. The next major resistance is near the $20,500 zone, above which the price may perhaps revisit the $21,000 zone.<\/p>\n Another Drop in BTC?<\/p>\n If bitcoin fails to rise above the $19,660 resistance zone, it could start a fresh decline. An immediate support on the downside is near the $19,350 zone and the 100 hourly SMA.<\/p>\n The next major support is near the $19,220 zone and the bullish trend line. The main support is near $19,000. Any more losses might call for a drop towards the $18,500 support zone in the coming sessions.<\/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 above the 50 level.<\/p>\n Major Support Levels \u2013 $19,220, followed by $19,000.<\/p>\n Major Resistance Levels \u2013 $19,660, $20,000 and $20,500.<\/p>","protected":false},"excerpt":{"rendered":" <\/p>\n Bitcoin price is holding gains above the $19,000 level against the US Dollar. BTC could rally if there is a clear move above the $19,660 resistance zone.<\/p>\n Bitcoin remained stable and consolidated above the $19,000 support zone. Bitcoin Price Consolidates<\/p>\n Bitcoin price started a recovery wave from the $18,500 support zone<\/a>. BTC bulls remained active above the $18,500 level and managed to push the price above the $19,000 resistance zone.<\/p>\n There was a clear move above the 50% Fib retracement level of the key decline from the $20,382 swing high to $18,486 low. The price even climbed above the $19,500 resistance zone, but the bears were active near the $19,650 and $19,660 levels.<\/p>\n Bitcoin price is now consolidating above $19,100 and the 100 hourly simple moving average<\/a>. There is also a key bullish trend line forming with support near $19,220 on the hourly chart of the BTC\/USD pair.<\/p>\n On the upside, an immediate resistance is near the $19,500 level. The next major resistance sits near the $19,660 zone. It is close to the 61.8% Fib retracement level of the key decline from the $20,382 swing high to $18,486 low.<\/p>\n
\nThe price is trading above $19,100 and the 100 hourly simple moving average.
\nThere is a key bullish trend line forming with support near $19,220 on the hourly chart of the BTC\/USD pair (data feed from Kraken).
\nThe pair could start a fresh surge if there is a clear move above the $19,660 resistance zone.<\/p>\n
![<\/a><\/p>\nSource: BTCUSD on TradingView.com<\/a><\/p>\nA clear move above the $19,660 resistance might start a fresh increase. In the stated case, the price could even surpass the $20,000 resistance zone. The next major resistance is near the $20,500 zone, above which the price may perhaps revisit the $21,000 zone.<\/p>\nAnother Drop in BTC?<\/p>\nIf bitcoin fails to rise above the $19,660 resistance zone, it could start a fresh decline. An immediate support on the downside is near the $19,350 zone and the 100 hourly SMA.<\/p>\nThe next major support is near the $19,220 zone and the bullish trend line. The main support is near $19,000. Any more losses might call for a drop towards the $18,500 support zone in the coming sessions.<\/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 above the 50 level.<\/p>\nMajor Support Levels \u2013 $19,220, followed by $19,000.<\/p>\nMajor Resistance Levels \u2013 $19,660, $20,000 and $20,500.<\/p>","protected":false},"excerpt":{"rendered":"<\/p>\nBitcoin price is holding gains above the $19,000 level against the US Dollar. BTC could rally if there is a clear move above the $19,660 resistance zone.<\/p>\nBitcoin remained stable and consolidated above the $19,000 support zone.\nThe price is trading above $19,100 and the 100 hourly simple moving average.\nThere is a key bullish trend line forming with support near $19,220 on the hourly chart of the BTC\/USD pair (data feed from Kraken).\nThe pair could start a fresh surge if there is a clear move above the $19,660 resistance zone.<\/p>\nBitcoin Price Consolidates<\/p>\nBitcoin price started a recovery wave from the $18,500 support zone<\/a>. BTC bulls remained active above the $18,500 level and managed to push the price above the $19,000 resistance zone.<\/p>\nThere was a clear move above the 50% Fib retracement level of the key decline from the $20,382 swing high to $18,486 low. The price even climbed above the $19,500 resistance zone, but the bears were active near the $19,650 and $19,660 levels.<\/p>\nBitcoin price is now consolidating above $19,100 and the 100 hourly simple moving average<\/a>. There is also a key bullish trend line forming with support near $19,220 on the hourly chart of the BTC\/USD pair.<\/p>\nOn the upside, an immediate resistance is near the $19,500 level. The next major resistance sits near the $19,660 zone. It is close to the 61.8% Fib retracement level of the key decline from the $20,382 swing high to $18,486 low.<\/p>\n<\/a><\/p>\nSource: BTCUSD on TradingView.com<\/a><\/p>\nA clear move above the $19,660 resistance might start a fresh increase. In the stated case, the price could even surpass the $20,000 resistance zone. The next major resistance is near the $20,500 zone, above which the price may perhaps revisit the $21,000 zone.<\/p>\nAnother Drop in BTC?<\/p>\nIf bitcoin fails to rise above the $19,660 resistance zone, it could start a fresh decline. An immediate support on the downside is near the $19,350 zone and the 100 hourly SMA.<\/p>\nThe next major support is near the $19,220 zone and the bullish trend line. The main support is near $19,000. Any more losses might call for a drop towards the $18,500 support zone in the coming sessions.<\/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 above the 50 level.<\/p>\nMajor Support Levels \u2013 $19,220, followed by $19,000.<\/p>\nMajor Resistance Levels \u2013 $19,660, $20,000 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-8822","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\/8822","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=8822"}],"version-history":[{"count":0,"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/posts\/8822\/revisions"}],"wp:attachment":[{"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/media?parent=8822"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/categories?post=8822"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/tags?post=8822"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}](\"https:\/\/www.newsbtc.com\/wp-content\/uploads\/2022\/09\/Bitcoin-31.png\"){kind=link}