BTCUSD on TradingView.com<\/a><\/p>\nA clear move above the $22,100 resistance might start a steady increase. In the stated case, the price may perhaps rise towards the $22,385 level. The next resistance could be near the $22,750 level, above which btc price might rise towards the $23,250 resistance zone.<\/p>\n
Sharp Decline 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 $21,500 zone.<\/p>\n
The next major support is near the $21,350 level, below which the price might start a major decline. In the stated case, the price could decline towards the $20,500 zone.<\/p>\n
Technical indicators:<\/p>\n
Hourly MACD \u2013 The MACD is now losing pace in the bearish 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 $21,500, followed by $21,350.<\/p>\n
Major Resistance Levels \u2013 $21,800, $22,100 and $22,385.<\/p>\n","protected":false},"excerpt":{"rendered":"
Bitcoin price is consolidating below the $22,000 resistance. BTC could decline heavily if there is a daily close below the $21,500 support. Bitcoin is showing a few negative signs below the $22,000 resistance. The price is trading below $22,000 and the 100 hourly simple moving average. There was a break above a connecting bearish trend line with resistance near $21,700 on the hourly chart of the BTC\/USD pair (data feed from Kraken). The pair could decline heavily if there is a clear move below the $21,500 support zone. Bitcoin Price Faces Resistance Bitcoin price remained in a bearish zone below the $22,200 support zone. BTC settled below the $22,000 zone and settled below the 100 hourly simple moving average. Recently, there was a spike below the $21,500 support zone. A new weekly low is formed near $21,359 and the price is now consolidating losses. Bitcoin price is now trading below $22,000 and the 100 hourly simple moving average. There was a minor recovery wave above the $21,650 resistance zone. The price climbed above the 50% Fib retracement level of the recent decline from the $23,450 swing high to $21,359 low. Besides, there was a break above a connecting bearish trend line with resistance near $21,700 on the hourly chart of the BTC\/USD pair. On the upside, an immediate resistance is near the $21,800 level and the 100 hourly simple moving average. The 61.8% Fib retracement level of the recent decline from the $23,450 swing high to $21,359 low is also near $21,820. The next major resistance is near the $22,100 zone. Source: BTCUSD on TradingView.com A clear move above the $22,100 resistance might start a steady increase. In the stated case, the price may perhaps rise towards the $22,385 level. The next resistance could be near the $22,750 level, above which btc price might rise towards the $23,250 resistance zone. Sharp Decline 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 $21,500 zone. The next major support is near the $21,350 level, below which the price might start a major decline. In the stated case, the price could decline towards the $20,500 zone. Technical indicators: Hourly MACD \u2013 The MACD is now losing pace in the bearish zone. Hourly RSI (Relative Strength Index) \u2013 The RSI for BTC\/USD is now above the 50 level. Major Support Levels \u2013 $21,500, followed by $21,350. Major Resistance Levels \u2013 $21,800, $22,100 and $22,385.<\/p>\n","protected":false},"author":67,"featured_media":460738,"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-519559","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 $22K and At Risk of Sharp Decline<\/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