{"id":478902,"date":"2021-12-15T03:08:05","date_gmt":"2021-12-15T03:08:05","guid":{"rendered":"https:\/\/ktsl888.com\/?p=478902"},"modified":"2024-06-11T14:09:49","modified_gmt":"2024-06-11T14:09:49","slug":"bitcoin-holds-ground-46k","status":"publish","type":"post","link":"https:\/\/ktsl888.com\/news\/bitcoin-holds-ground-46k\/","title":{"rendered":"TA: Bitcoin Holds Ground, Why 100 SMA Is The Key For Fresh Increase"},"content":{"rendered":"
Bitcoin remained stable above the $46,000 support zone against the US Dollar. BTC could start a steady increase if there is a clear move above the 100 hourly SMA.<\/em><\/p>\n Bitcoin price declined towards the $46,000 support level<\/a>. BTC seems to be forming a base above the $46,000 and $46,400 levels. A low was formed near $45,759 before the price started a recovery wave.<\/p>\n There was a move above the $47,200 and $47,500 resistance levels. Besides, there was a break above a key bearish trend line with resistance near $47,200 on the hourly chart of the BTC\/USD pair. However, the pair still trading below $48,500 and the 100 hourly simple moving average<\/a>.<\/p>\n It faced a strong resistance near the $48,250 zone and the 100 hourly SMA. Bitcoin also struggled near the 50% Fib retracement level of the downward move from the $50,785 swing high to $45,759 low.<\/p>\n An immediate resistance on the upside is near the $48,100 level. The first major resistance is near the $48,250 level. The next key resistance could be $48,800. It is near the 61.8% Fib retracement level of the downward move from the $50,785 swing high to $45,759 low.<\/p>\n <\/a><\/p>\n A proper break above the $48,800 resistance could open the doors for more upsides. The next key resistance is near the $50,000 level, above which the price may possibly gain momentum.<\/p>\n If bitcoin fails to clear the $48,880 resistance zone, it could start a downside correction. An immediate support on the downside is near the $47,500 level.<\/p>\n The first major support is now forming near the $47,000 level. The main support is now near $46,000. A downside break below the $46,000 support may perhaps accelerate losses in the near term.<\/p>\n Technical indicators:<\/p>\n Hourly MACD \u2013 The MACD is slowly losing pace in the bullish zone.<\/p>\n Hourly RSI (Relative Strength Index) \u2013 The RSI for BTC\/USD is currently above the 50 level.<\/p>\n Major Support Levels \u2013 $47,200, followed by $46,000.<\/p>\n Major Resistance Levels \u2013 $48,250, $48,800 and $50,000.<\/p>\n","protected":false},"excerpt":{"rendered":" Bitcoin remained stable above the $46,000 support zone against the US Dollar. BTC could start a steady increase if there is a clear move above the 100 hourly SMA. Bitcoin is forming a base above the $46,400 and $46,000 support levels. The price is still trading below $48,500 and the 100 hourly simple moving average. There was a break above a key bearish trend line with resistance near $47,200 on the hourly chart of the BTC\/USD pair (data feed from Kraken). The pair must clear $49,200 and the 100 hourly SMA for a steady increase. Bitcoin Price Forms Base Bitcoin price declined towards the $46,000 support level. BTC seems to be forming a base above the $46,000 and $46,400 levels. A low was formed near $45,759 before the price started a recovery wave. There was a move above the $47,200 and $47,500 resistance levels. Besides, there was a break above a key bearish trend line with resistance near $47,200 on the hourly chart of the BTC\/USD pair. However, the pair still trading below $48,500 and the 100 hourly simple moving average. It faced a strong resistance near the $48,250 zone and the 100 hourly SMA. Bitcoin also struggled near the 50% Fib retracement level of the downward move from the $50,785 swing high to $45,759 low. An immediate resistance on the upside is near the $48,100 level. The first major resistance is near the $48,250 level. The next key resistance could be $48,800. It is near the 61.8% Fib retracement level of the downward move from the $50,785 swing high to $45,759 low. Source: BTCUSD on TradingView.com A proper break above the $48,800 resistance could open the doors for more upsides. The next key resistance is near the $50,000 level, above which the price may possibly gain momentum. Dips Limited In BTC? If bitcoin fails to clear the $48,880 resistance zone, it could start a downside correction. An immediate support on the downside is near the $47,500 level. The first major support is now forming near the $47,000 level. The main support is now near $46,000. A downside break below the $46,000 support may perhaps accelerate losses in the near term. Technical indicators: Hourly MACD \u2013 The MACD is slowly losing pace in the bullish zone. Hourly RSI (Relative Strength Index) \u2013 The RSI for BTC\/USD is currently above the 50 level. Major Support Levels \u2013 $47,200, followed by $46,000. Major Resistance Levels \u2013 $48,250, $48,800 and $50,000.<\/p>\n","protected":false},"author":67,"featured_media":462274,"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-478902","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 Forms Base<\/h2>\n
Source: BTCUSD on TradingView.com<\/a><\/pre>\n
Dips Limited In BTC?<\/h2>\n