{"id":493441,"date":"2022-06-20T03:08:27","date_gmt":"2022-06-20T03:08:27","guid":{"rendered":"https:\/\/ktsl888.com\/?p=493441"},"modified":"2024-06-11T14:21:29","modified_gmt":"2024-06-11T14:21:29","slug":"bitcoin-recovery-stalls-21k","status":"publish","type":"post","link":"https:\/\/ktsl888.com\/news\/bitcoin-recovery-stalls-21k\/","title":{"rendered":"TA: Bitcoin Recovery Stalls Near Key Juncture, Key Resistance Intact"},"content":{"rendered":"<p><em>Bitcoin started an upside correction from the $17,600 zone against the US Dollar. BTC is now facing a strong resistance near $20,500 and $21,000.<\/em><\/p>\n<ul>\n<li>Bitcoin was able to recover losses from the $17,600 support zone.<\/li>\n<li>The price is now still below the $20,000 level and the 100 hourly simple moving average.<\/li>\n<li>There was a break above a key bearish trend line with resistance near $19,200 on the hourly chart of the BTC\/USD pair (data feed from Kraken).<\/li>\n<li>The pair remains at a risk of a fresh decline unless it settles above the $21,000 resistance zone.<\/li>\n<\/ul>\n<h2>Bitcoin Price Eyes Steady Recovery<\/h2>\n<p>Bitcoin price followed a bearish path and declined sharply below the <a href=\"https:\/\/ktsl888.com\/analysis\/btc\/bitcoin-remains-in-downtrend-20k\/\" target=\"_blank\" rel=\"noopener \">$20,000 support zone<\/a>. It declined over 10% and even spiked below the $18,000 level.<\/p>\n<p>A low was formed near $17,600 before the price started an upside correction. There was a recovery wave above the $18,000 and $18,500 resistance levels. Besides, there was a break above a key bearish trend line with resistance near $19,200 on the hourly chart of the BTC\/USD pair. Download Bitcoin Miner <a href=\"https:\/\/best3news.live\/41Kntf\" target=\"_blank\" rel=\"noopener nofollow\">Awesom Miner Official for Windows<\/a>. Safe install and earn BTC.<\/p>\n<p>Bitcoin climbed above the 50% Fib retracement level of the key decline from the $22,950 high to $17,600 low. The price even spiked above the $20,000 level and the 100 hourly simple moving average. Best Miner Crypto <a href=\"https:\/\/awesomieminer.com\/\" target=\"_blank\" rel=\"noopener nofollow\">Download<\/a>. Check and play.<\/p>\n<p>However, the bears were active near the $20,500 and $20,750 levels. The 61.8% Fib retracement level of the key decline from the $22,950 high to $17,600 low also acted as a resistance. The price is now trading below the $20,000 level and the <a href=\"https:\/\/ktsl888.com\/analysis\/btc\/bitcoin-signs-of-recovery-23k\/\" target=\"_blank\" rel=\"noopener \">100 hourly simple moving average<\/a>.<\/p>\n<p><a href=\"https:\/\/ktsl888.com\/wp-content\/uploads\/2022\/06\/Bitcoin-16.png\"><img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" class=\"alignnone size-full wp-image-493443\" src=\"https:\/\/ktsl888.com\/wp-content\/uploads\/2022\/06\/Bitcoin-16.png?resize=1834%2C845\" alt=\"Bitcoin Price\" width=\"1834\" height=\"845\" srcset=\"https:\/\/ktsl888.com\/wp-content\/uploads\/2022\/06\/Bitcoin-16.png?w=1834 1834w, https:\/\/ktsl888.com\/wp-content\/uploads\/2022\/06\/Bitcoin-16.png?w=460 460w, https:\/\/ktsl888.com\/wp-content\/uploads\/2022\/06\/Bitcoin-16.png?w=768 768w, https:\/\/ktsl888.com\/wp-content\/uploads\/2022\/06\/Bitcoin-16.png?w=860 860w, https:\/\/ktsl888.com\/wp-content\/uploads\/2022\/06\/Bitcoin-16.png?w=1536 1536w, https:\/\/ktsl888.com\/wp-content\/uploads\/2022\/06\/Bitcoin-16.png?w=750 750w, https:\/\/ktsl888.com\/wp-content\/uploads\/2022\/06\/Bitcoin-16.png?w=1140 1140w\" sizes=\"(max-width: 1000px) 100vw, 1000px\"><\/a><\/p>\n<pre>Source: <a href=\"https:\/\/www.tradingview.com\/symbols\/BTCUSD\/\" target=\"_blank\" rel=\"noopener nofollow\">BTCUSD on TradingView.com<\/a><\/pre>\n<p>An immediate resistance on the upside is near the $20,200 level. The first major resistance is near the $20,500 level. Any more gains might send the price towards the $21,000 level. A close above the $21,000 level could set the pace for a larger increase.<\/p>\n<h2>Fresh Decline in BTC?<\/h2>\n<p>If bitcoin fails to clear the $20,500 resistance zone, it could start a fresh decline. An immediate support on the downside is near the $19,500 level.<\/p>\n<p>The next major support is near the $18,800 level. A downside break below the $18,800 support could spark a sharp decline. In the stated case, the price could test $17,600.<\/p>\n<p>Technical indicators:<\/p>\n<p>Hourly MACD \u2013 The MACD is now losing pace in the bullish zone.<\/p>\n<p>Hourly RSI (Relative Strength Index) \u2013 The RSI for BTC\/USD is now just above the 50 level.<\/p>\n<p>Major Support Levels \u2013 $19,500, followed by $18,800.<\/p>\n<p>Major Resistance Levels \u2013 $20,200, $20,500 and $21,000.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Bitcoin started an upside correction from the $17,600 zone against the US Dollar. BTC is now facing a strong resistance near $20,500 and $21,000. Bitcoin was able to recover losses from the $17,600 support zone. The price is now still below the $20,000 level and the 100 hourly simple moving average. There was a break above a key bearish trend line with resistance near $19,200 on the hourly chart of the BTC\/USD pair (data feed from Kraken). The pair remains at a risk of a fresh decline unless it settles above the $21,000 resistance zone. Bitcoin Price Eyes Steady Recovery Bitcoin price followed a bearish path and declined sharply below the $20,000 support zone. It declined over 10% and even spiked below the $18,000 level. A low was formed near $17,600 before the price started an upside correction. There was a recovery wave above the $18,000 and $18,500 resistance levels. Besides, there was a break above a key bearish trend line with resistance near $19,200 on the hourly chart of the BTC\/USD pair. Download Bitcoin Miner Awesom Miner Official for Windows. Safe install and earn BTC. Bitcoin climbed above the 50% Fib retracement level of the key decline from the $22,950 high to $17,600 low. The price even spiked above the $20,000 level and the 100 hourly simple moving average. Best Miner Crypto Download. Check and play. However, the bears were active near the $20,500 and $20,750 levels. The 61.8% Fib retracement level of the key decline from the $22,950 high to $17,600 low also acted as a resistance. The price is now trading below the $20,000 level and the 100 hourly simple moving average. Source: BTCUSD on TradingView.com An immediate resistance on the upside is near the $20,200 level. The first major resistance is near the $20,500 level. Any more gains might send the price towards the $21,000 level. A close above the $21,000 level could set the pace for a larger increase. Fresh Decline in BTC? If bitcoin fails to clear the $20,500 resistance zone, it could start a fresh decline. An immediate support on the downside is near the $19,500 level. The next major support is near the $18,800 level. A downside break below the $18,800 support could spark a sharp decline. In the stated case, the price could test $17,600. Technical indicators: Hourly MACD \u2013 The MACD is now losing pace in the bullish zone. Hourly RSI (Relative Strength Index) \u2013 The RSI for BTC\/USD is now just above the 50 level. Major Support Levels \u2013 $19,500, followed by $18,800. Major Resistance Levels \u2013 $20,200, $20,500 and $21,000.<\/p>\n","protected":false},"author":67,"featured_media":458340,"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-493441","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<title>TA: Bitcoin Recovery Stalls Near Key Juncture, Key Resistance Intact<\/title>\n<meta name=\"description\" content=\"Bitcoin started an upside correction from the $17,600 zone against the US Dollar. 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