BTCUSD on TradingView.com<\/a><\/p>\nOn the upside, an immediate resistance is near the $21,250 level. The next major resistance is near the $21,500 zone, above which the price might start another steady increase. In the stated case, the price may perhaps rise towards the $22,000 level. Any more gains might send btc price towards the $22,500 level.<\/p>\n
Downside Correction in BTC?<\/h2>\n If bitcoin price fails to clear the $21,500 resistance, it could slowly move down. An immediate support on the downside is near the $21,000 zone and the trend line.<\/p>\n
The next major support is near the $20,720 level. It is near the 61.8% Fib retracement level of the upward wave from the $20,249 swing low to $21,489 high. The main support is now forming near the $20,500 level, below which the price might retest $20,000. Any more losses might send the price to $19,000.<\/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 above the 50 level.<\/p>\n
Major Support Levels \u2013 $20,720, followed by $20,500.<\/p>\n
Major Resistance Levels \u2013 $21,250, $21,500 and $22,000.<\/p>\n","protected":false},"excerpt":{"rendered":"
Bitcoin price is facing resistance near the $21,500 zone. BTC could correct lower if there is a clear move below the $20,880 support zone. Bitcoin seems to be facing a strong resistance near the $21,450 and $21,500 levels. The price is trading above $20,500 and the 100 hourly simple moving average. There is a key bullish trend line forming with support near $20,920 on the hourly chart of the BTC\/USD pair (data feed from Kraken). The pair could start a downside correction below the $20,880 and $20,750 support levels. Bitcoin Price Faces Resistance Bitcoin price started a strong increase above the $20,000 resistance zone. BTC was able to climb above the $20,500 and $21,000 levels to start a major uptrend. Finally, the price tested the $21,500 resistance zone. A high is formed near $21,485 and the price is now consolidating gains. There was a minor decline below the $21,200 level. The price declined below the 23.6% Fib retracement level of the upward wave from the $20,249 swing low to $21,489 high. Bitcoin price is now trading above $20,500 and the 100 hourly simple moving average. There is also a key bullish trend line forming with support near $20,920 on the hourly chart of the BTC\/USD pair. Source: BTCUSD on TradingView.com On the upside, an immediate resistance is near the $21,250 level. The next major resistance is near the $21,500 zone, above which the price might start another steady increase. In the stated case, the price may perhaps rise towards the $22,000 level. Any more gains might send btc price towards the $22,500 level. Downside Correction in BTC? If bitcoin price fails to clear the $21,500 resistance, it could slowly move down. An immediate support on the downside is near the $21,000 zone and the trend line. The next major support is near the $20,720 level. It is near the 61.8% Fib retracement level of the upward wave from the $20,249 swing low to $21,489 high. The main support is now forming near the $20,500 level, below which the price might retest $20,000. Any more losses might send the price to $19,000. 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 above the 50 level. Major Support Levels \u2013 $20,720, followed by $20,500. Major Resistance Levels \u2013 $21,250, $21,500 and $22,000.<\/p>\n","protected":false},"author":67,"featured_media":464826,"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":[428,679,1144,78790,76835],"class_list":["post-516319","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-bitcoin","tag-bitcoin-price","tag-btcusd","tag-btcusdt","tag-xbtusd"],"acf":[],"yoast_head":"\n
Bitcoin Price Consolidates Below Resistance and At Risk of Minor Pullback<\/title>\n \n \n \n \n \n \n \n \n \n \n \n \n \n\t \n\t \n\t \n \n \n \n \n \n\t \n\t \n\t \n