{"id":471427,"date":"2021-09-13T03:08:53","date_gmt":"2021-09-13T03:08:53","guid":{"rendered":"https:\/\/ktsl888.com\/?p=471427"},"modified":"2024-06-11T13:58:32","modified_gmt":"2024-06-11T13:58:32","slug":"bitcoin-struggles-below-46k","status":"publish","type":"post","link":"https:\/\/ktsl888.com\/news\/bitcoin-struggles-below-46k\/","title":{"rendered":"TA: Bitcoin Struggles Below $46K, What Could Trigger Nasty Decline"},"content":{"rendered":"
Bitcoin price is consolidating below the $46,000 zone against the US Dollar. BTC could start a major decline if it breaks the $44,200 support zone in the near term.<\/em><\/p>\n Bitcoin price failed to gain strength above $46,500 zone<\/a> and started a fresh decline. The last swing low was formed near $44,135 before the price climbed higher.<\/p>\n There was a break above the $45,000 resistance level. The price broke the 50% Fib retracement level of the recent decline from the $47,399 high to $44,135 low. However, the price is now facing resistance near the $46,000 and $46,200 levels.<\/p>\n There is also a key bearish trend line forming with resistance near $46,000 on the hourly chart of the BTC\/USD pair. The trend line is close to the 61.8% Fib retracement level of the recent decline from the $47,399 high to $44,135 low.<\/p>\n Bitcoin is now trading well below $46,000 and the 100 hourly simple moving average<\/a>. An immediate resistance on the upside is near the $45,750 level and the 100 hourly SMA.<\/p>\n <\/a><\/p>\n The first major resistance is near the $46,000 level. The next major resistance is forming near the $46,200 level, above which the price could rise towards the key $47,400 resistance in the near term.<\/p>\n If bitcoin fails to clear the $46,000 resistance zone, it could resume its decline. An immediate support on the downside is near the $45,000 level.<\/p>\n The first major support is near the $44,500 level. The main support seems to be forming near the $44,200 level. If there is a downside break below the $44,200 support zone, the price could extend its decline. The next major support on the downside could be $43,000.<\/p>\n Technical indicators:<\/p>\n Hourly MACD \u2013 The MACD is slowly gaining pace in the bearish zone.<\/p>\n Hourly RSI (Relative Strength Index) \u2013 The RSI for BTC\/USD is now back below the 50 level.<\/p>\n Major Support Levels \u2013 $44,500, followed by $44,200.<\/p>\n Major Resistance Levels \u2013 $46,000, $46,200 and $47,400.<\/p>\n","protected":false},"excerpt":{"rendered":" Bitcoin price is consolidating below the $46,000 zone against the US Dollar. BTC could start a major decline if it breaks the $44,200 support zone in the near term. Bitcoin is facing a major resistance near $46,000 and $46,200 levels. The price is now trading well below $46,000 and the 100 hourly simple moving average. There is a key bearish trend line forming with resistance near $46,000 on the hourly chart of the BTC\/USD pair (data feed from Kraken). The pair could start a major decline if it fails to clear the $46,000 resistance zone. Bitcoin Price Consolidates Bitcoin price failed to gain strength above $46,500 zone and started a fresh decline. The last swing low was formed near $44,135 before the price climbed higher. There was a break above the $45,000 resistance level. The price broke the 50% Fib retracement level of the recent decline from the $47,399 high to $44,135 low. However, the price is now facing resistance near the $46,000 and $46,200 levels. There is also a key bearish trend line forming with resistance near $46,000 on the hourly chart of the BTC\/USD pair. The trend line is close to the 61.8% Fib retracement level of the recent decline from the $47,399 high to $44,135 low. Bitcoin is now trading well below $46,000 and the 100 hourly simple moving average. An immediate resistance on the upside is near the $45,750 level and the 100 hourly SMA. Source: BTCUSD on TradingView.com The first major resistance is near the $46,000 level. The next major resistance is forming near the $46,200 level, above which the price could rise towards the key $47,400 resistance in the near term. More Losses In BTC? If bitcoin fails to clear the $46,000 resistance zone, it could resume its decline. An immediate support on the downside is near the $45,000 level. The first major support is near the $44,500 level. The main support seems to be forming near the $44,200 level. If there is a downside break below the $44,200 support zone, the price could extend its decline. The next major support on the downside could be $43,000. Technical indicators: Hourly MACD \u2013 The MACD is slowly gaining pace in the bearish zone. Hourly RSI (Relative Strength Index) \u2013 The RSI for BTC\/USD is now back below the 50 level. Major Support Levels \u2013 $44,500, followed by $44,200. Major Resistance Levels \u2013 $46,000, $46,200 and $47,400.<\/p>\n","protected":false},"author":67,"featured_media":461913,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[3],"tags":[428,1144,78790,76835],"class_list":["post-471427","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-bitcoin","tag-btcusd","tag-btcusdt","tag-xbtusd"],"acf":[],"yoast_head":"\n\n
Bitcoin Price Consolidates<\/h2>\n
Source: BTCUSD on TradingView.com<\/a><\/pre>\n
More Losses In BTC?<\/h2>\n