{"id":493704,"date":"2022-06-22T03:08:53","date_gmt":"2022-06-22T03:08:53","guid":{"rendered":"https:\/\/ktsl888.com\/?p=493704"},"modified":"2024-06-11T14:20:48","modified_gmt":"2024-06-11T14:20:48","slug":"bitcoin-trims-gains-20k","status":"publish","type":"post","link":"https:\/\/ktsl888.com\/news\/bitcoin-trims-gains-20k\/","title":{"rendered":"TA: Bitcoin Trims Gains, Why 100 SMA Could Trigger Fresh Increase"},"content":{"rendered":"
Bitcoin struggled above the $21,500 resistance zone against the US Dollar. BTC is trimming gains and might find support near the 100 hourly SMA.<\/em><\/p>\n Bitcoin price started an upside correction<\/a> above the $20,000 resistance zone. There was a decent recovery wave above the $20,200 and $20,500 levels. The price climbed the 61.8% Fib retracement level of the key downside from the $22,950 high to $17,600 low. Finally, there was a move above the $21,000 resistance zone and the price settled above the 100 hourly simple moving average<\/a>.<\/p>\n However, the bears were active above the $21,500 level. A high was formed near the $21,698 and the price started a downside correction.<\/p>\n There was a break below the 23.6% Fib retracement level of the upward move from the $17,600 swing low to $21,698 high. Besides, there was a break below a key bullish trend line with support near $21,175 on the hourly chart of the BTC\/USD pair.<\/p>\n The price is now trading below $21,000. An immediate resistance on the upside is near the $20,550 level. The first major resistance is near the $21,000 and $21,220 levels.<\/p>\n <\/a><\/p>\n A clear move above the $21,220 level might call for a move to $21,700. Any more gains might send the price towards the $22,200 level in the coming sessions.<\/p>\n If bitcoin fails to clear the $21,220 resistance zone, it could continue to move down. An immediate support on the downside is near the $20,000 level and the 100 hourly SMA.<\/p>\n The next major support is near the $19,650 level. It is near the 50% Fib retracement level of the upward move from the $17,600 swing low to $21,698 high. A downside break below the $19,650 support could restart downtrend in the near term.<\/p>\n Technical indicators:<\/p>\n Hourly MACD \u2013 The MACD is now gaining pace in the bearish zone.<\/p>\n Hourly RSI (Relative Strength Index) \u2013 The RSI for BTC\/USD is now below the 50 level.<\/p>\n Major Support Levels \u2013 $20,000, followed by $19,650.<\/p>\n Major Resistance Levels \u2013 $20,500, $21,220 and $21,700.<\/p>\n","protected":false},"excerpt":{"rendered":" Bitcoin struggled above the $21,500 resistance zone against the US Dollar. BTC is trimming gains and might find support near the 100 hourly SMA. Bitcoin climbed above the $21,500 level before it faced sellers. The price is now above the $20,000 level and the 100 hourly simple moving average. There was a break below a key bullish trend line with support near $21,175 on the hourly chart of the BTC\/USD pair (data feed from Kraken). The pair could find bids near the $20,000 zone or the 100 hourly simple moving average. Bitcoin Price Dips Bitcoin price started an upside correction above the $20,000 resistance zone. There was a decent recovery wave above the $20,200 and $20,500 levels. Download Bitcoin Miner Awesom Miner Official for Windows. Safe install and earn BTC. The price climbed the 61.8% Fib retracement level of the key downside from the $22,950 high to $17,600 low. Finally, there was a move above the $21,000 resistance zone and the price settled above the 100 hourly simple moving average. However, the bears were active above the $21,500 level. A high was formed near the $21,698 and the price started a downside correction. There was a break below the 23.6% Fib retracement level of the upward move from the $17,600 swing low to $21,698 high. Besides, there was a break below a key bullish trend line with support near $21,175 on the hourly chart of the BTC\/USD pair. The price is now trading below $21,000. An immediate resistance on the upside is near the $20,550 level. The first major resistance is near the $21,000 and $21,220 levels. Source: BTCUSD on TradingView.com A clear move above the $21,220 level might call for a move to $21,700. Any more gains might send the price towards the $22,200 level in the coming sessions. More Losses in BTC? If bitcoin fails to clear the $21,220 resistance zone, it could continue to move down. An immediate support on the downside is near the $20,000 level and the 100 hourly SMA. The next major support is near the $19,650 level. It is near the 50% Fib retracement level of the upward move from the $17,600 swing low to $21,698 high. A downside break below the $19,650 support could restart downtrend in the near term. Technical indicators: Hourly MACD \u2013 The MACD is now gaining pace in the bearish zone. Hourly RSI (Relative Strength Index) \u2013 The RSI for BTC\/USD is now below the 50 level. Major Support Levels \u2013 $20,000, followed by $19,650. Major Resistance Levels \u2013 $20,500, $21,220 and $21,700.<\/p>\n","protected":false},"author":67,"featured_media":462954,"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-493704","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 Dips<\/h2>\n
\nDownload Bitcoin Miner Awesom Miner Official for Windows<\/a>. Safe install and earn BTC.<\/p>\nSource: BTCUSD on TradingView.com<\/a><\/pre>\n
More Losses in BTC?<\/h2>\n