{"id":500700,"date":"2022-09-01T03:08:00","date_gmt":"2022-09-01T03:08:00","guid":{"rendered":"https:\/\/ktsl888.com\/?p=500700"},"modified":"2024-06-11T11:42:56","modified_gmt":"2024-06-11T11:42:56","slug":"bitcoin-btc-make-or-break-levels-20k","status":"publish","type":"post","link":"https:\/\/ktsl888.com\/news\/bitcoin-btc-make-or-break-levels-20k\/","title":{"rendered":"TA: Bitcoin Bears Keep Pushing, Why BTC Is At Make-or-Break Levels"},"content":{"rendered":"
Bitcoin is still consolidating near the $20,000 zone against the US Dollar. BTC must clear the $20,550 resistance zone to start a steady increase.<\/em><\/p>\n Bitcoin price remained well supported above the $19,550 zone<\/a>. BTC formed a base and started a fresh upward move above the $20,000 resistance zone.<\/p>\n There was a push above the $20,200 level and the 100 hourly simple moving average. The price even cleared the 61.8% Fib retracement level of the downward move from the $20,576 swing high to $19,555 low. However, the price stayed below the $20,550 resistance zone.<\/p>\n Bitcoin price is now trading near the $20,000 level and the 100 hourly simple moving average<\/a>. On the upside, an immediate resistance is near the $20,350 level.<\/p>\n There is also a key bearish trend line forming with resistance near $20,330 on the hourly chart of the BTC\/USD pair. The trend line is near the 76.4% Fib retracement level of the downward move from the $20,576 swing high to $19,555 low.<\/p>\n <\/a><\/p>\n The next major resistance sits near the $20,550 and $20,575 levels. A clear move above the $20,575 resistance might send the price towards $21,000. Any more gains might start a steady move towards the $22,000 resistance zone.<\/p>\n If bitcoin fails to clear the $20,550 resistance zone, it could start another decline. An immediate support on the downside is near the $20,000 zone.<\/p>\n The next major support sits near the $19,800 level. The main support sits near the $19,550 level. A break below the $19,550 support might spark a sharp move to $19,000. Any more losses might call for a move to $18,500 in the near term.<\/p>\n Technical indicators:<\/p>\n Hourly MACD \u2013 The MACD is now losing pace in the bullish 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 $19,880, followed by $19,500.<\/p>\n Major Resistance Levels \u2013 $20,350, $20,550 and $21,000.<\/p>\n","protected":false},"excerpt":{"rendered":" Bitcoin is still consolidating near the $20,000 zone against the US Dollar. BTC must clear the $20,550 resistance zone to start a steady increase. Bitcoin is still struggling to gain pace above the $20,550 resistance. The price is now trading near the $20,000 level and the 100 hourly simple moving average. There is a key bearish trend line forming with resistance near $20,330 on the hourly chart of the BTC\/USD pair (data feed from Kraken). The pair must clear the $20,350 zone and $20,550 to start a fresh increase. Bitcoin Price Faces Hurdles Bitcoin price remained well supported above the $19,550 zone. BTC formed a base and started a fresh upward move above the $20,000 resistance zone. There was a push above the $20,200 level and the 100 hourly simple moving average. The price even cleared the 61.8% Fib retracement level of the downward move from the $20,576 swing high to $19,555 low. However, the price stayed below the $20,550 resistance zone. Bitcoin price is now trading near the $20,000 level and the 100 hourly simple moving average. On the upside, an immediate resistance is near the $20,350 level. There is also a key bearish trend line forming with resistance near $20,330 on the hourly chart of the BTC\/USD pair. The trend line is near the 76.4% Fib retracement level of the downward move from the $20,576 swing high to $19,555 low. Source: BTCUSD on TradingView.com The next major resistance sits near the $20,550 and $20,575 levels. A clear move above the $20,575 resistance might send the price towards $21,000. Any more gains might start a steady move towards the $22,000 resistance zone. Fresh Decline in BTC? If bitcoin fails to clear the $20,550 resistance zone, it could start another decline. An immediate support on the downside is near the $20,000 zone. The next major support sits near the $19,800 level. The main support sits near the $19,550 level. A break below the $19,550 support might spark a sharp move to $19,000. Any more losses might call for a move to $18,500 in the near term. 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 below the 50 level. Major Support Levels \u2013 $19,880, followed by $19,500. Major Resistance Levels \u2013 $20,350, $20,550 and $21,000.<\/p>\n","protected":false},"author":67,"featured_media":463554,"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-500700","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 Faces Hurdles<\/h2>\n
Source: BTCUSD on TradingView.com<\/a><\/pre>\n
Fresh Decline in BTC?<\/h2>\n