Tag: bitcoin

27 września, 2022 Wyłączono

TA: Bitcoin Price Gearing For Another Lift-Off to $21K, Recent Breakout Suggests

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Bitcoin is gaining pace above the $19,500 resistance against the US Dollar. BTC could rise further above $20,000 if it stays above the $19,000 support. Bitcoin started a decent increase and was able to clear the $19,500 resistance zone. The price is trading above $19,000 and the 100 hourly simple moving average. There was a break above a connecting bearish trend line with resistance near $19,220 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could stage a strong increase if it clears the $20,000 resistance zone. Bitcoin Price Breaks Hurdle Bitcoin price remained well bid above the $19,000 support zone. The crypto market was able to recover and BTC climbed higher above the $19,200 resistance zone. There was a clear move above a connecting bearish trend line with resistance near $19,220 on the hourly chart of the BTC/USD pair. The pair even surpassed a major resistance zone near the $19,500 level to move into a positive zone. Bitcoin price is now trading above $19,000 and the 100 hourly simple moving average. It traded as high as $19,863 and is currently consolidating gains. It is trading well above the 23.6% Fib retracement level of the recent increase from the $18,645 swing low to $19,863 high. On the upside, an immediate resistance is near the $19,850 level. The next major resistance sits near the $20,000 zone. Source: BTCUSD on TradingView.com A close above the $20,000 level might push the price further into a bullish zone. In the stated case, the price could rise towards $20,500. Any more gains might lead the price higher towards the $21,000 resistance zone. Dips Supported in BTC? If bitcoin fails to rise above the $20,000 resistance zone, it could correct lower. An immediate support on the downside is near the $19,550 zone. The next major support is near the $19,250 zone. It is near the 50% Fib retracement level of the recent increase from the $18,645 swing low to $19,863 high. The main support sits near the $19,000 level, below which the price might move into a bearish zone. Technical indicators: Hourly MACD – The MACD is now gaining pace in the bullish zone. Hourly RSI (Relative Strength Index) – The RSI for BTC/USD is now above the 50 level. Major Support Levels – $19,550, followed by $19,000. Major Resistance Levels – $19,850, $20,000 and $20,500.
26 września, 2022 Wyłączono

BTC Consolidates for Days, Is Huge Move Incoming? (Bitcoin Price Analysis)

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Aside from the weekly candle, which ended in the red, Bitcoin made no substantial move and still hovering around the $19K range. Technical Analysis By Grizzly The Daily Chart On the daily chart, Bitcoin is currently trading on top of the support zone between $18K to $18.5K (in yellow). Following June’s market crash, this support […]
26 września, 2022 Wyłączono

Bitcoin Alternatives With Massive Growth Potential In 2022

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Bitcoin Alternatives

Bitcoin was launched in 2009, but a person or group of individuals named Satoshi Nakamoto. This was the time after the global economic meltdown of 2008, and many people felt the need for a financial system that did not depend on Big Banks. Bitcoin was launched with the promise that it would topple the currently […]

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26 września, 2022 Wyłączono

Bitcoin, Ethereum Technical Analysis: BTC Below $19,000 as Sentiment in Crypto Remains Bearish

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Bitcoin started the week trading below $19,000, as recent economic pressures continued to weigh on cryptocurrency markets. The token fell lower in today’s session, as market sentiment remained bearish following last week’s rate hikes by the U.S. Federal Reserve. Ethereum was also lower, falling below $1,300.
Bitcoin
Bitcoin (BTC) slipped below $19,000 to start […]
26 września, 2022 Wyłączono

TA: Bitcoin Price Holds Ground, Why Close above $20K Is The Key

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Bitcoin is holding the key $18,500 support zone against the US Dollar. BTC must settle above the $20,000 resistance zone to move into a positive zone. Bitcoin is struggling to gain momentum above the $19,500 resistance zone. The price is trading below $19,000 and the 100 hourly simple moving average. There is a key bearish trend line forming with resistance near $19,020 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could stage a fresh rally if there is a clear move above the $19,500 resistance zone. Bitcoin Price Consolidates Bitcoin price made another attempt to clear the $19,500 resistance zone. However, BTC struggled and formed a short-term top near the $19,400 level. A high was formed near $19,392 and the price declined. There was a move below the $19,000 level and the 100 hourly simple moving average. The pair traded as low as $18,645 and is currently consolidating losses. There was a minor increase above the $18,800 level. Bitcoin price climbed above the 23.6% Fib retracement level of the recent decline from the $19,392 swing high to $18,645 low. On the upside, an immediate resistance is near the $19,000 level and the 100 hourly simple moving average. There is also a key bearish trend line forming with resistance near $19,020 on the hourly chart of the BTC/USD pair. The trend line is near the 50% Fib retracement level of the recent decline from the $19,392 swing high to $18,645 low. Source: BTCUSD on TradingView.com The next major resistance sits near the $19,500 zone. A close above the $19,500 level might start a fresh surge to $20,000. Any more gains might start a steady increase and the price might rise towards the $21,500 resistance zone. Fresh Decline in BTC? If bitcoin fails to recover above the $19,500 zone, it could start a fresh decline. An immediate support on the downside is near the $18,650 zone. The next major support is near the $18,500 level. A clear move below the $18,500 zone could set the pace for a fresh decline. In the stated case, the price may even test the $17,500 level. Technical indicators: Hourly MACD – The MACD is now losing pace in the bullish zone. Hourly RSI (Relative Strength Index) – The RSI for BTC/USD is now just below the 50 level. Major Support Levels – $18,650, followed by $18,500. Major Resistance Levels – $19,000, $19,350 and $19,500.