{"id":470237,"date":"2021-08-27T03:08:42","date_gmt":"2021-08-27T03:08:42","guid":{"rendered":"https:\/\/ktsl888.com\/?p=470237"},"modified":"2024-06-11T13:58:05","modified_gmt":"2024-06-11T13:58:05","slug":"bitcoin-resumes-decline-45k","status":"publish","type":"post","link":"https:\/\/ktsl888.com\/news\/bitcoin-resumes-decline-45k\/","title":{"rendered":"TA: Bitcoin Resumes Decline, Why BTC Could Dive To $45K"},"content":{"rendered":"
Bitcoin price failed to settle above $48,500 and corrected lower against the US Dollar. BTC is now facing many hurdles near $47,500 and $48,000.<\/em><\/p>\n Bitcoin price made an attempt to surpass the $49,000 resistance zone. However, BTC failed to gain strength above the $49,200 level. A high was formed near $49,335 before the price started a fresh decline.<\/p>\n There was a sharp decline below the $48,500 support level and the 100 hourly simple moving average<\/a>. The price even broke the $47,500 and $47,000 levels. It tested the $46,500 support and a low is formed near the $46,493.<\/p>\n It is now consolidating losses above the $46,500 level. Bitcoin recovered above the 23.6% Fib retracement level of the recent decline from the $49,335 swing high to $46,493 low. It is now facing resistance near the $47,500 level.<\/p>\n <\/a><\/p>\n The first major resistance is near the $48,000 level. It is close to the 50% Fib retracement level of the recent decline from the $49,335 swing high to $46,493 low. There is also a connecting bearish trend line forming with resistance near $48,550 on the hourly chart of the BTC\/USD pair. To start a strong increase, the price must clear the $48,500 resistance and the 100 hourly SMA.<\/p>\n If bitcoin fails to climb above the $48,500 resistance, it could start a fresh increase. On the downside, an immediate support is near the $46,800 level.<\/p>\n\n
Bitcoin Price Slides Again<\/h2>\n
Source: BTCUSD on TradingView.com<\/a><\/pre>\n
More Losss in BTC?<\/h2>\n