{"id":487775,"date":"2022-04-08T03:08:21","date_gmt":"2022-04-08T03:08:21","guid":{"rendered":"https:\/\/ktsl888.com\/?p=487775"},"modified":"2024-06-11T14:19:01","modified_gmt":"2024-06-11T14:19:01","slug":"bitcoin-steadies-above-43k","status":"publish","type":"post","link":"https:\/\/ktsl888.com\/news\/ethereum\/bitcoin-steadies-above-43k\/","title":{"rendered":"TA: Bitcoin Steadies Above $43K, Why BTC Could Recover Higher"},"content":{"rendered":"
Bitcoin is consolidating losses above the $43,000 support against the US Dollar. BTC could correct higher towards the $44,275 resistance or $44,850.<\/em><\/p>\n Bitcoin price extended decline<\/a> below the $45,000 support zone. BTC even spiked below the $43,000 level, but the bulls protected more downsides.<\/p>\n The price started trading in a range above the $43,000 level. However, it is still well below $45,000 and the 100 hourly simple moving average<\/a>. It is now trading near a key bearish trend line forming with resistance near $43,650 on the hourly chart of the BTC\/USD pair.<\/p>\n The first major barrier is near the $43,830 level. It is close to the 23.6% Fib retracement level of the key drop from the $46,845 swing high from the $42,905 low.<\/p>\n The next resistance could be near $44,275, where the price might struggle. If there is a move above $44,275, the price could test the $44,875 level. It is near the 50% Fib retracement level of the key drop from the $46,845 swing high from the $42,905 low.<\/p>\n <\/a><\/p>\n Bitcoin price must clear the $44,875 and $45,000 resistance levels to gain bullish momentum. In the stated case, the price may perhaps rise towards the $46,000 resistance zone. An intermediate resistance might be near the $45,500 level.<\/p>\n If bitcoin fails to clear the $44,875 resistance zone, it could continue to move down. An immediate support on the downside is near the $43,000 level.<\/p>\n The next major support is seen near the $42,900 level or the recent low. A downside break below the $42,900 support zone could accelerate losses. In the stated case, the price could drop towards the $42,200 support in the near term. The next major support might be $42,000.<\/p>\n Technical indicators:<\/p>\n Hourly MACD \u2013 The MACD is now gaining pace in the bullish zone.<\/p>\n Hourly RSI (Relative Strength Index) \u2013 The RSI for BTC\/USD is now above the 50 level.<\/p>\n Major Support Levels \u2013 $43,000, followed by $42,000.<\/p>\n Major Resistance Levels \u2013 $43,875, $44,000 and $45,000.<\/p>\n","protected":false},"excerpt":{"rendered":" Bitcoin is consolidating losses above the $43,000 support against the US Dollar. BTC could correct higher towards the $44,275 resistance or $44,850. Bitcoin managed to stay above the $43,000 support zone. The price is still well below $45,000 and the 100 hourly simple moving average. There is a key bearish trend line forming with resistance near $43,650 on the hourly chart of the BTC\/USD pair (data feed from Kraken). The pair could start an upside correction if it settles above $43,800. Bitcoin Price Consolidates Bitcoin price extended decline below the $45,000 support zone. BTC even spiked below the $43,000 level, but the bulls protected more downsides. The price started trading in a range above the $43,000 level. However, it is still well below $45,000 and the 100 hourly simple moving average. It is now trading near a key bearish trend line forming with resistance near $43,650 on the hourly chart of the BTC\/USD pair. The first major barrier is near the $43,830 level. It is close to the 23.6% Fib retracement level of the key drop from the $46,845 swing high from the $42,905 low. The next resistance could be near $44,275, where the price might struggle. If there is a move above $44,275, the price could test the $44,875 level. It is near the 50% Fib retracement level of the key drop from the $46,845 swing high from the $42,905 low. Source: BTCUSD on TradingView.com Bitcoin price must clear the $44,875 and $45,000 resistance levels to gain bullish momentum. In the stated case, the price may perhaps rise towards the $46,000 resistance zone. An intermediate resistance might be near the $45,500 level. More Losses in BTC? If bitcoin fails to clear the $44,875 resistance zone, it could continue to move down. An immediate support on the downside is near the $43,000 level. The next major support is seen near the $42,900 level or the recent low. A downside break below the $42,900 support zone could accelerate losses. In the stated case, the price could drop towards the $42,200 support in the near term. The next major support might be $42,000. Technical indicators: Hourly MACD \u2013 The MACD is now gaining pace in the bullish zone. Hourly RSI (Relative Strength Index) \u2013 The RSI for BTC\/USD is now above the 50 level. Major Support Levels \u2013 $43,000, followed by $42,000. Major Resistance Levels \u2013 $43,875, $44,000 and $45,000.<\/p>\n","protected":false},"author":67,"featured_media":460842,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[13625],"tags":[428,1144,78790,76835],"class_list":["post-487775","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-ethereum","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