Bitcoin price is slowly moving higher above $19,500 against the US Dollar. BTC could start a steady increase if there is a close above $19,600 and $20,000.<\/p>\n
Bitcoin remained well bid above the $19,200 and $19,000 support levels.
\nThe price is trading above $19,400 and the 100 hourly simple moving average.
\nThere is a key bullish trend line forming with support near $19,450 on the hourly chart of the BTC\/USD pair (data feed from Kraken).
\nThe pair could start a steady increase if there is a clear move above the $19,700 level.<\/p>\n
Bitcoin Price Eyes Steady Increase<\/p>\n
Bitcoin price remained strong above the $19,000 level<\/a>. BTC traded as low as $18,937 and started a steady increase. There was a move above the $19,150 and $19200 levels.<\/p>\n The price was able to clear the 50% Fib retracement level of the downward move from the $20,177 swing high to $18,937 low. There was a also a move above the $19,500 resistance zone to move into a short-term positive zone.<\/p>\n Bitcoin price is now trading above $19,400 and the 100 hourly simple moving average<\/a>. There is also a key bullish trend line forming with support near $19,450 on the hourly chart of the BTC\/USD pair.<\/p>\n On the upside, an immediate resistance is near the $19,700 level. It is near the 61.8% Fib retracement level of the downward move from the $20,177 swing high to $18,937 low. The next major resistance sits near the $20,000 zone.<\/p>\n <\/a><\/p>\n Source: BTCUSD on TradingView.com<\/a><\/p>\n A clear move above the $20,0000 resistance might start a fresh increase. In the stated case, the price could even surpass the $20,200 resistance zone. The next major resistance is near the $20,500 zone.<\/p>\n Another Decline in BTC?<\/p>\n If bitcoin fails to rise above the $19,700 resistance zone, it could start a fresh decline. An immediate support on the downside is near the $19,400 zone.<\/p>\n The next major support is near the $19,000 zone. The main support is near $18,500, below which there could be a major decline. In the stated case, the price may perhaps decline towards the $17,500 support.<\/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 $19,400, followed by $19,200.<\/p>\n Major Resistance Levels \u2013 $19,700, $20,000 and $20,500.<\/p>","protected":false},"excerpt":{"rendered":" <\/p>\n Bitcoin price is slowly moving higher above $19,500 against the US Dollar. BTC could start a steady increase if there is a close above $19,600 and $20,000.<\/p>\n Bitcoin remained well bid above the $19,200 and $19,000 support levels. Bitcoin Price Eyes Steady Increase<\/p>\n Bitcoin price remained strong above the $19,000 level<\/a>. BTC traded as low as $18,937 and started a steady increase. There was a move above the $19,150 and $19200 levels.<\/p>\n The price was able to clear the 50% Fib retracement level of the downward move from the $20,177 swing high to $18,937 low. There was a also a move above the $19,500 resistance zone to move into a short-term positive zone.<\/p>\n Bitcoin price is now trading above $19,400 and the 100 hourly simple moving average<\/a>. There is also a key bullish trend line forming with support near $19,450 on the hourly chart of the BTC\/USD pair.<\/p>\n On the upside, an immediate resistance is near the $19,700 level. It is near the 61.8% Fib retracement level of the downward move from the $20,177 swing high to $18,937 low. The next major resistance sits near the $20,000 zone.<\/p>\n
\nThe price is trading above $19,400 and the 100 hourly simple moving average.
\nThere is a key bullish trend line forming with support near $19,450 on the hourly chart of the BTC\/USD pair (data feed from Kraken).
\nThe pair could start a steady increase if there is a clear move above the $19,700 level.<\/p>\n
![<\/a><\/p>\nSource: BTCUSD on TradingView.com<\/a><\/p>\nA clear move above the $20,0000 resistance might start a fresh increase. In the stated case, the price could even surpass the $20,200 resistance zone. The next major resistance is near the $20,500 zone.<\/p>\nAnother Decline in BTC?<\/p>\nIf bitcoin fails to rise above the $19,700 resistance zone, it could start a fresh decline. An immediate support on the downside is near the $19,400 zone.<\/p>\nThe next major support is near the $19,000 zone. The main support is near $18,500, below which there could be a major decline. In the stated case, the price may perhaps decline towards the $17,500 support.<\/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 $19,400, followed by $19,200.<\/p>\nMajor Resistance Levels \u2013 $19,700, $20,000 and $20,500.<\/p>","protected":false},"excerpt":{"rendered":"<\/p>\nBitcoin price is slowly moving higher above $19,500 against the US Dollar. BTC could start a steady increase if there is a close above $19,600 and $20,000.<\/p>\nBitcoin remained well bid above the $19,200 and $19,000 support levels.\nThe price is trading above $19,400 and the 100 hourly simple moving average.\nThere is a key bullish trend line forming with support near $19,450 on the hourly chart of the BTC\/USD pair (data feed from Kraken).\nThe pair could start a steady increase if there is a clear move above the $19,700 level.<\/p>\nBitcoin Price Eyes Steady Increase<\/p>\nBitcoin price remained strong above the $19,000 level<\/a>. BTC traded as low as $18,937 and started a steady increase. There was a move above the $19,150 and $19200 levels.<\/p>\nThe price was able to clear the 50% Fib retracement level of the downward move from the $20,177 swing high to $18,937 low. There was a also a move above the $19,500 resistance zone to move into a short-term positive zone.<\/p>\nBitcoin price is now trading above $19,400 and the 100 hourly simple moving average<\/a>. There is also a key bullish trend line forming with support near $19,450 on the hourly chart of the BTC\/USD pair.<\/p>\nOn the upside, an immediate resistance is near the $19,700 level. It is near the 61.8% Fib retracement level of the downward move from the $20,177 swing high to $18,937 low. The next major resistance sits near the $20,000 zone.<\/p>\n<\/a><\/p>\nSource: BTCUSD on TradingView.com<\/a><\/p>\nA clear move above the $20,0000 resistance might start a fresh increase. In the stated case, the price could even surpass the $20,200 resistance zone. The next major resistance is near the $20,500 zone.<\/p>\nAnother Decline in BTC?<\/p>\nIf bitcoin fails to rise above the $19,700 resistance zone, it could start a fresh decline. An immediate support on the downside is near the $19,400 zone.<\/p>\nThe next major support is near the $19,000 zone. The main support is near $18,500, below which there could be a major decline. In the stated case, the price may perhaps decline towards the $17,500 support.<\/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 $19,400, followed by $19,200.<\/p>\nMajor Resistance Levels \u2013 $19,700, $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-9011","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\/9011","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=9011"}],"version-history":[{"count":0,"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/posts\/9011\/revisions"}],"wp:attachment":[{"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/media?parent=9011"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/categories?post=9011"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/tags?post=9011"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}](\"https:\/\/www.newsbtc.com\/wp-content\/uploads\/2022\/10\/Bitcoin-1.png\"){kind=link}