Bitcoin price is slowly moving lower below the $19,200 support against the US Dollar. BTC could slide further if there is further escalation in Russia-Ukraine war situation.<\/p>\n
Bitcoin is slowly moving lower below the $19,200 and $19,000 levels.
\nThe price is trading below above $19,500 and the 100 hourly simple moving average.
\nThere is a connecting bearish trend line forming with resistance near $19,260 on the hourly chart of the BTC\/USD pair (data feed from Kraken).
\nThe pair could continue to move down if there is a clear move below the $18,920 support.<\/p>\n
Bitcoin Price Slides<\/p>\n
Bitcoin price remained in a bearish zone below the $20,000 support zone<\/a>. BTC slowly moved and settled below the $19,500 support plus the 100 hourly simple moving average.<\/p>\n There was a clear move below the $19,200 support zone, increasing pressure on the bulls. Finally, the price moved below the $19,000 level and traded as low as $18,970. The price is now consolidating losses near the $19,000 pivot level.<\/p>\n Bitcoin price is trading below above $19,500 and the 100 hourly simple moving average<\/a>. There is also a connecting bearish trend line forming with resistance near $19,260 on the hourly chart of the BTC\/USD pair.<\/p>\n On the upside, an immediate resistance is near the $19,110 level. It is near the 23.6% Fib retracement level of the recent decline from the $19,559 swing high to $18,970 low. The next major resistance sits near the $19,260 zone and the trend line.<\/p>\n The trend line is close to the 50% Fib retracement level of the recent decline from the $19,559 swing high to $18,970 low. A clear move above the trend line might send the price towards the $19,500 resistance or the 100 hourly simple moving average.<\/p>\n <\/a><\/p>\n Source: BTCUSD on TradingView.com<\/a><\/p>\n Any more gains might send the price above the $19,600 resistance. In the stated case, the price could rise towards the $20,000 resistance level.<\/p>\n More Losses in BTC?<\/p>\n If bitcoin fails to rise above the $19,260 resistance zone, it could continue to move down. An immediate support on the downside is near the $19,000 zone.<\/p>\n The next major support is near the $18,920 zone. A downside break below the $18,920 support zone might call for more losses. In the stated case, there is a risk of a move towards the $18,500 support zone.<\/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 $19,000, followed by $18,500.<\/p>\n Major Resistance Levels \u2013 $19,260, $19,500 and $20,000.<\/p>","protected":false},"excerpt":{"rendered":" <\/p>\n Bitcoin price is slowly moving lower below the $19,200 support against the US Dollar. BTC could slide further if there is further escalation in Russia-Ukraine war situation.<\/p>\n Bitcoin is slowly moving lower below the $19,200 and $19,000 levels. Bitcoin Price Slides<\/p>\n Bitcoin price remained in a bearish zone below the $20,000 support zone<\/a>. BTC slowly moved and settled below the $19,500 support plus the 100 hourly simple moving average.<\/p>\n There was a clear move below the $19,200 support zone, increasing pressure on the bulls. Finally, the price moved below the $19,000 level and traded as low as $18,970. The price is now consolidating losses near the $19,000 pivot level.<\/p>\n Bitcoin price is trading below above $19,500 and the 100 hourly simple moving average<\/a>. There is also a connecting bearish trend line forming with resistance near $19,260 on the hourly chart of the BTC\/USD pair.<\/p>\n On the upside, an immediate resistance is near the $19,110 level. It is near the 23.6% Fib retracement level of the recent decline from the $19,559 swing high to $18,970 low. The next major resistance sits near the $19,260 zone and the trend line.<\/p>\n The trend line is close to the 50% Fib retracement level of the recent decline from the $19,559 swing high to $18,970 low. A clear move above the trend line might send the price towards the $19,500 resistance or the 100 hourly simple moving average.<\/p>\n
\nThe price is trading below above $19,500 and the 100 hourly simple moving average.
\nThere is a connecting bearish trend line forming with resistance near $19,260 on the hourly chart of the BTC\/USD pair (data feed from Kraken).
\nThe pair could continue to move down if there is a clear move below the $18,920 support.<\/p>\n
![<\/a><\/p>\nSource: BTCUSD on TradingView.com<\/a><\/p>\nAny more gains might send the price above the $19,600 resistance. In the stated case, the price could rise towards the $20,000 resistance level.<\/p>\nMore Losses in BTC?<\/p>\nIf bitcoin fails to rise above the $19,260 resistance zone, it could continue to move down. An immediate support on the downside is near the $19,000 zone.<\/p>\nThe next major support is near the $18,920 zone. A downside break below the $18,920 support zone might call for more losses. In the stated case, there is a risk of a move towards the $18,500 support zone.<\/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 $19,000, followed by $18,500.<\/p>\nMajor Resistance Levels \u2013 $19,260, $19,500 and $20,000.<\/p>","protected":false},"excerpt":{"rendered":"<\/p>\nBitcoin price is slowly moving lower below the $19,200 support against the US Dollar. BTC could slide further if there is further escalation in Russia-Ukraine war situation.<\/p>\nBitcoin is slowly moving lower below the $19,200 and $19,000 levels.\nThe price is trading below above $19,500 and the 100 hourly simple moving average.\nThere is a connecting bearish trend line forming with resistance near $19,260 on the hourly chart of the BTC\/USD pair (data feed from Kraken).\nThe pair could continue to move down if there is a clear move below the $18,920 support.<\/p>\nBitcoin Price Slides<\/p>\nBitcoin price remained in a bearish zone below the $20,000 support zone<\/a>. BTC slowly moved and settled below the $19,500 support plus the 100 hourly simple moving average.<\/p>\nThere was a clear move below the $19,200 support zone, increasing pressure on the bulls. Finally, the price moved below the $19,000 level and traded as low as $18,970. The price is now consolidating losses near the $19,000 pivot level.<\/p>\nBitcoin price is trading below above $19,500 and the 100 hourly simple moving average<\/a>. There is also a connecting bearish trend line forming with resistance near $19,260 on the hourly chart of the BTC\/USD pair.<\/p>\nOn the upside, an immediate resistance is near the $19,110 level. It is near the 23.6% Fib retracement level of the recent decline from the $19,559 swing high to $18,970 low. The next major resistance sits near the $19,260 zone and the trend line.<\/p>\nThe trend line is close to the 50% Fib retracement level of the recent decline from the $19,559 swing high to $18,970 low. A clear move above the trend line might send the price towards the $19,500 resistance or the 100 hourly simple moving average.<\/p>\n<\/a><\/p>\nSource: BTCUSD on TradingView.com<\/a><\/p>\nAny more gains might send the price above the $19,600 resistance. In the stated case, the price could rise towards the $20,000 resistance level.<\/p>\nMore Losses in BTC?<\/p>\nIf bitcoin fails to rise above the $19,260 resistance zone, it could continue to move down. An immediate support on the downside is near the $19,000 zone.<\/p>\nThe next major support is near the $18,920 zone. A downside break below the $18,920 support zone might call for more losses. In the stated case, there is a risk of a move towards the $18,500 support zone.<\/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 $19,000, followed by $18,500.<\/p>\nMajor Resistance Levels \u2013 $19,260, $19,500 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-9483","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\/9483","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=9483"}],"version-history":[{"count":0,"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/posts\/9483\/revisions"}],"wp:attachment":[{"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/media?parent=9483"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/categories?post=9483"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/tags?post=9483"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}](\"https:\/\/www.newsbtc.com\/wp-content\/uploads\/2022\/10\/Bitcoin-7.png\"){kind=link}