BTCUSD on TradingView.com<\/a><\/p>\nA clear move above the $22,500 resistance might start a decent increase. In the stated case, the price may perhaps rise towards the $23,000 level. The next resistance could be near the $23,200 level, above which btc price might rise towards the $23,450 resistance zone.<\/p>\n
More Losses in BTC?<\/h2>\n If bitcoin price fails to clear the $22,100 resistance, it could continue to move down. An immediate support on the downside is near the $21,700 zone.<\/p>\n
The next major support is near the $21,500 level, below which the price might dive towards the $21,200 support. A downside break below the $21,200 zone might send the price towards the $20,500 zone.<\/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 $21,500, followed by $21,200.<\/p>\n
Major Resistance Levels \u2013 $22,100, $22,400 and $22,500.<\/p>\n","protected":false},"excerpt":{"rendered":"
Bitcoin price declined over 5% and traded below $22,000. BTC is trading below $22,000 and remains at a risk of more losses towards the $21,200 support. Bitcoin is moving lower and trading below $22,200. The price is trading below $22,500 and the 100 hourly simple moving average. There is a major bearish trend line forming with resistance near $22,420 on the hourly chart of the BTC\/USD pair (data feed from Kraken). The pair could continue to move if it stays below the $22,500 resistance zone. Bitcoin Price Drops Over 5% Bitcoin price started a fresh decline from the $23,500 resistance zone. BTC gained bearish momentum after there was a clear move below the $22,500 support zone. The bears pushed the price below the $22,200 support zone. The price even spiked below the $22,000 level. A low is formed near $21,700 and the price is now consolidating losses. Bitcoin price is now trading below $22,500 and the 100 hourly simple moving average. There is also a major bearish trend line forming with resistance near $22,420 on the hourly chart of the BTC\/USD pair. An immediate resistance is near the $22,100 level. It is near the 23.6% Fib retracement level of the downward move from the $23,450 swing high to $21,700 low. The next major resistance is near the $22,400 zone and the trend line zone. The main resistance is now near the $22,500 zone or the 50% Fib retracement level of the downward move from the $23,450 swing high to $21,700 low. Source: BTCUSD on TradingView.com A clear move above the $22,500 resistance might start a decent increase. In the stated case, the price may perhaps rise towards the $23,000 level. The next resistance could be near the $23,200 level, above which btc price might rise towards the $23,450 resistance zone. More Losses in BTC? If bitcoin price fails to clear the $22,100 resistance, it could continue to move down. An immediate support on the downside is near the $21,700 zone. The next major support is near the $21,500 level, below which the price might dive towards the $21,200 support. A downside break below the $21,200 zone might send the price towards the $20,500 zone. 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 $21,500, followed by $21,200. Major Resistance Levels \u2013 $22,100, $22,400 and $22,500.<\/p>\n","protected":false},"author":67,"featured_media":459493,"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-519194","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 Prints Bearish Technical Pattern, Upsides Attractive To Bears<\/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