{"id":487353,"date":"2022-04-01T03:08:50","date_gmt":"2022-04-01T03:08:50","guid":{"rendered":"https:\/\/ktsl888.com\/?p=487353"},"modified":"2024-06-11T14:20:57","modified_gmt":"2024-06-11T14:20:57","slug":"bitcoin-breaks-key-support-45k","status":"publish","type":"post","link":"https:\/\/ktsl888.com\/news\/bitcoin-breaks-key-support-45k\/","title":{"rendered":"TA: Bitcoin Breaks Key Support, Why BTC Could Extend Losses"},"content":{"rendered":"
Bitcoin failed to stay above the $46,000 support against the US Dollar. BTC is sliding and might even test the $43,200 support zone.<\/em><\/p>\n Bitcoin price started a key decline after it struggled to stay above $46,500 and $46,400. BTC declined below the $46,000 support<\/a> to move into a short-term bearish zone. Download Bitcoin Miner Awesom Miner Official for Windows<\/a>. Safe install and earn ETH\/BTC.<\/p>\n There was a clear move below the 50% Fib retracement level of the upward wave from the $44,470 swing low $48,200 high. The bears were able to push the price below the $45,500 support and the 100 hourly simple moving average<\/a>.<\/p>\n Besides, there was a break below a key breakout pattern with support near $46,800 on the hourly chart of the BTC\/USD pair. Bitcoin is now trading below the 76.4% Fib retracement level of the upward wave from the $44,470 swing low $48,200 high.<\/p>\n <\/a><\/p>\n An immediate support on the downside is near the $44,450 level. The next major support is seen near the $44,000 level. The main support now sits near the $43,320 level. It is near the 1.236 Fib extension level of the upward wave from the $44,470 swing low $48,200 high. A downside break below the $43,320 support zone could send the price to $42,000 in the near term.<\/p>\n If bitcoin remains stable above the $44,450 support level, it could attempt an upside correction. An immediate resistance on the upside is near the $45,500 level.<\/p>\n\n
Bitcoin Price Dips Below Support<\/h2>\n
Source: BTCUSD on TradingView.com<\/a><\/pre>\n
Upsides Capped in BTC?<\/h2>\n