BTCUSD on TradingView.com<\/a><\/p>\nA close above the $31,000 resistance could start a steady increase. The next major resistance is near the $31,400 level. Any more gains could open the doors for a move toward the $32,000 resistance zone.<\/p>\n
More Losses in BTC?<\/h2>\n If Bitcoin\u2019s price fails to clear the $31,750 resistance, it could continue to move down. Immediate support on the downside is near the $30,150 level and the recent low.<\/p>\n
The next major support is near the $30,000 level, below which there could be a drop toward $29,550. Any more losses might send the price toward the $29,200 zone in the coming sessions.<\/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 $30,150, followed by $30,000.<\/p>\n
Major Resistance Levels \u2013 $30,750, $31,000, and $31,400.<\/p>\n","protected":false},"excerpt":{"rendered":"
Bitcoin price failed to settle above $31,000 and corrected lower. BTC could continue to move down toward the $30,000 support zone. Bitcoin is correcting gains from the $31,000 and $31,250 resistance levels. The price is trading below $30,800 and the 100 hourly Simple moving average. There was a break below a connecting bullish trend line with support near $30,750 on the hourly chart of the BTC\/USD pair (data feed from Kraken). The pair could extend its decline and test the $30,000 support zone. Bitcoin Price Corrects Lower Bitcoin price failed to settle above the $31,000 resistance zone. BTC started a downside correction below the $31,000 and $30,850 levels. Besides, there was a break below a connecting bullish trend line with support near $30,750 on the hourly chart of the BTC\/USD pair. The bears were able to push the price below $30,250. A low is formed near $30,160 and the price is now consolidating losses. It is trading near the 23.6% Fib retracement level of the recent decline from the $31,373 swing high to the $30,160 low. Bitcoin is trading below $30,800 and the 100 hourly Simple moving average. Immediate resistance is near the $30,600 level. The first major resistance is near the $30,750 level and the 100 hourly Simple moving average. It is close to the 50% Fib retracement level of the recent decline from the $31,373 swing high to the $30,160 low, above which the price might retest $31,000. Source: BTCUSD on TradingView.com A close above the $31,000 resistance could start a steady increase. The next major resistance is near the $31,400 level. Any more gains could open the doors for a move toward the $32,000 resistance zone. More Losses in BTC? If Bitcoin\u2019s price fails to clear the $31,750 resistance, it could continue to move down. Immediate support on the downside is near the $30,150 level and the recent low. The next major support is near the $30,000 level, below which there could be a drop toward $29,550. Any more losses might send the price toward the $29,200 zone in the coming sessions. 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 $30,150, followed by $30,000. Major Resistance Levels \u2013 $30,750, $31,000, and $31,400.<\/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-541419","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 Rejects $31K and Turns At Risk of Drop To $30K<\/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