Bitcoin price is struggling below the $19,200 support against the US Dollar. BTC remains at a risk of more losses below the $18,500 support in the near term.<\/p>\n
Bitcoin is showing bearish signs below the $19,200 and $19,500 levels.
\nThe price is trading below above $19,500 and the 100 hourly simple moving average.
\nThere is a key bearish trend line forming with resistance near $19,180 on the hourly chart of the BTC\/USD pair (data feed from Kraken).
\nThe pair could continue to move down if it stays below the $19,500 level for a long time.<\/p>\n
Bitcoin Price Slides Further<\/p>\n
Bitcoin price settled below the $20,000 support zone<\/a>. BTC is following a slow and steady decline below the $19,500 pivot level and the 100 hourly simple moving average.<\/p>\n The price even traded below yesterday\u2019s low and tested the $18,850 zone. A low is formed near $18,860 and the price is now consolidating losses. There was a minor recovery wave above the $19,000 resistance level. The price climbed above the 23.6% Fib retracement level of the recent decline from the $19,560 swing high to $18,860 low.<\/p>\n Bitcoin price is now trading below above $19,500 and the 100 hourly simple moving average<\/a>. On the upside, an immediate resistance is near the $19,200 level.<\/p>\n There is also a key bearish trend line forming with resistance near $19,180 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 $19,560 swing high to $18,860 low.<\/p>\n <\/a><\/p>\n Source: BTCUSD on TradingView.com<\/a><\/p>\n A clear move above the trend line might send the price towards the 100 hourly simple moving average or the $19,500 resistance. Any more gains might send the price 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 $18,850 zone.<\/p>\n The next major support is near the $18,550 zone. A downside break below the $18,550 support zone might trigger another sharp decline. In the stated case, there is a risk of a move towards the $17,800 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 near the 50 level.<\/p>\n Major Support Levels \u2013 $18,850, followed by $18,550.<\/p>\n Major Resistance Levels \u2013 $19,200, $19,500 and $20,000.<\/p>","protected":false},"excerpt":{"rendered":" <\/p>\n Bitcoin price is struggling below the $19,200 support against the US Dollar. BTC remains at a risk of more losses below the $18,500 support in the near term.<\/p>\n Bitcoin is showing bearish signs below the $19,200 and $19,500 levels. Bitcoin Price Slides Further<\/p>\n Bitcoin price settled below the $20,000 support zone<\/a>. BTC is following a slow and steady decline below the $19,500 pivot level and the 100 hourly simple moving average.<\/p>\n The price even traded below yesterday\u2019s low and tested the $18,850 zone. A low is formed near $18,860 and the price is now consolidating losses. There was a minor recovery wave above the $19,000 resistance level. The price climbed above the 23.6% Fib retracement level of the recent decline from the $19,560 swing high to $18,860 low.<\/p>\n Bitcoin price is now trading below above $19,500 and the 100 hourly simple moving average<\/a>. On the upside, an immediate resistance is near the $19,200 level.<\/p>\n There is also a key bearish trend line forming with resistance near $19,180 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 $19,560 swing high to $18,860 low.<\/p>\n
\nThe price is trading below above $19,500 and the 100 hourly simple moving average.
\nThere is a key bearish trend line forming with resistance near $19,180 on the hourly chart of the BTC\/USD pair (data feed from Kraken).
\nThe pair could continue to move down if it stays below the $19,500 level for a long time.<\/p>\n
![<\/a><\/p>\nSource: BTCUSD on TradingView.com<\/a><\/p>\nA clear move above the trend line might send the price towards the 100 hourly simple moving average or the $19,500 resistance. Any more gains might send the price 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 $18,850 zone.<\/p>\nThe next major support is near the $18,550 zone. A downside break below the $18,550 support zone might trigger another sharp decline. In the stated case, there is a risk of a move towards the $17,800 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 near the 50 level.<\/p>\nMajor Support Levels \u2013 $18,850, followed by $18,550.<\/p>\nMajor Resistance Levels \u2013 $19,200, $19,500 and $20,000.<\/p>","protected":false},"excerpt":{"rendered":"<\/p>\nBitcoin price is struggling below the $19,200 support against the US Dollar. BTC remains at a risk of more losses below the $18,500 support in the near term.<\/p>\nBitcoin is showing bearish signs below the $19,200 and $19,500 levels.\nThe price is trading below above $19,500 and the 100 hourly simple moving average.\nThere is a key bearish trend line forming with resistance near $19,180 on the hourly chart of the BTC\/USD pair (data feed from Kraken).\nThe pair could continue to move down if it stays below the $19,500 level for a long time.<\/p>\nBitcoin Price Slides Further<\/p>\nBitcoin price settled below the $20,000 support zone<\/a>. BTC is following a slow and steady decline below the $19,500 pivot level and the 100 hourly simple moving average.<\/p>\nThe price even traded below yesterday\u2019s low and tested the $18,850 zone. A low is formed near $18,860 and the price is now consolidating losses. There was a minor recovery wave above the $19,000 resistance level. The price climbed above the 23.6% Fib retracement level of the recent decline from the $19,560 swing high to $18,860 low.<\/p>\nBitcoin price is now trading below above $19,500 and the 100 hourly simple moving average<\/a>. On the upside, an immediate resistance is near the $19,200 level.<\/p>\nThere is also a key bearish trend line forming with resistance near $19,180 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 $19,560 swing high to $18,860 low.<\/p>\n<\/a><\/p>\nSource: BTCUSD on TradingView.com<\/a><\/p>\nA clear move above the trend line might send the price towards the 100 hourly simple moving average or the $19,500 resistance. Any more gains might send the price 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 $18,850 zone.<\/p>\nThe next major support is near the $18,550 zone. A downside break below the $18,550 support zone might trigger another sharp decline. In the stated case, there is a risk of a move towards the $17,800 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 near the 50 level.<\/p>\nMajor Support Levels \u2013 $18,850, followed by $18,550.<\/p>\nMajor Resistance Levels \u2013 $19,200, $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-9580","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\/9580","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=9580"}],"version-history":[{"count":0,"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/posts\/9580\/revisions"}],"wp:attachment":[{"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/media?parent=9580"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/categories?post=9580"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/tags?post=9580"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}](\"https:\/\/www.newsbtc.com\/wp-content\/uploads\/2022\/10\/Bitcoin-8.png\"){kind=link}