Saturday, February 4, 2023
  • Disclaimer
  • Privacy Policy
  • DMCA
  • Terms and Conditions
  • Contact us
coindesk, cointelegraph, ftx, coindesk ethereum, coindesk luna, coindesk ceo, cointelegraph news, cointelegraph app,
No Result
View All Result
  • Home
  • BITCOINS
  • CRYPTO NEWS
    • GENERAL
    • ALTCOINS
    • ETHEREUM
    • CRYPTO EXCHANGES
    • NFT
    • MINING
    • Regulations
  • BLOCKCHAIN
  • WEB3
  • METAVERSE
  • Guides 99
  • Cryptocurrency Wallets
  • Margin Trading
Crypto Marketcap
  • Home
  • BITCOINS
  • CRYPTO NEWS
    • GENERAL
    • ALTCOINS
    • ETHEREUM
    • CRYPTO EXCHANGES
    • NFT
    • MINING
    • Regulations
  • BLOCKCHAIN
  • WEB3
  • METAVERSE
  • Guides 99
  • Cryptocurrency Wallets
  • Margin Trading
No Result
View All Result
coindesk, cointelegraph, ftx, coindesk ethereum, coindesk luna, coindesk ceo, cointelegraph news, cointelegraph app,
No Result
View All Result
Home Crypto Exchanges

Bitcoin Stays In Downtrend, What May Spark Sharp Upside

by cryptostandard
July 4, 2022
in Crypto Exchanges
Reading Time: 2 mins read
A A
0
#


Bitcoin is buying and selling in a bearish zone beneath $19,500 towards the US Greenback. BTC would possibly begin a pointy restoration wave if there’s a transfer above the $19,500 resistance.

  • Bitcoin failed to realize tempo above the $19,500 and $19,600 resistance ranges.
  • The worth is now buying and selling beneath the $20,000 stage and the 100 hourly easy shifting common.
  • There’s a essential bearish development line forming with resistance close to $19,500 on the hourly chart of the BTC/USD pair (knowledge feed from Kraken).
  • The pair might begin a recent decline until there’s a transfer above the $19,500 resistance zone.

Bitcoin Value Eyes Upside Break

Bitcoin worth began one other decline beneath the $19,500 help zone. The worth even traded beneath the $19,000 help zone and spiked beneath the $18,800 stage.

A low was fashioned close to $18,738 and the worth is now consolidating losses. There was a minor upward transfer above the $19,000 resistance zone. The worth climbed above the 23.6% Fib retracement stage of the current decline from the $20,500 swing excessive to $18,738 low.

Nevertheless, the worth is now dealing with a robust resistance close to the $19,400 zone and the 100 hourly easy shifting common. There’s additionally a vital bearish development line forming with resistance close to $19,500 on the hourly chart of the BTC/USD pair.

The development line is near the 50% Fib retracement stage of the current decline from the $20,500 swing excessive to $18,738 low.

Bitcoin Price

Supply: BTCUSD on TradingView.com

The following key resistance is close to the $19,800 zone. A transparent transfer above the development line resistance after which $19,800 might push the worth additional increased. Within the said case, the worth might rise in the direction of the $20,500 stage. The following main resistance sits close to the $21,200 stage.

Recent Decline in BTC?

If bitcoin fails to clear the $19,500 resistance zone, it might begin one other decline. A direct help on the draw back is close to the $19,000 stage.

The following main help now sits close to the $18,700 stage, beneath which the worth might decline closely. Within the said case, the worth could maybe decline in the direction of the $17,500 stage.

Technical indicators:

Hourly MACD – The MACD is now dropping tempo within the bullish zone.

Hourly RSI (Relative Power Index) – The RSI for BTC/USD is now beneath the 50 stage.

Main Assist Ranges – $19,000, adopted by $18,700.

Main Resistance Ranges – $19,500, $19,800 and $20,500.



Source link

Tags: BitcoinBitcoin NewsCrypto NewsCrypto StandardCrypto UpdatesDowntrendLatest Bitcoin NewsRemainsSharpsparkUpside
Previous Post

Cryptocurrencies Are a Clear Hazard — Monetary Stability Dangers Prone to Develop – Regulation Bitcoin Information

Next Post

GBTC’s Low cost to NAV Hits New File Low after SEC Declining its Bitcoin Spot ETF Utility

Related Posts

What Instore For BTC, SOL, AVAX, and GMT Costs? Analyst Maps Subsequent Ranges

by cryptostandard
February 4, 2023
0

Altcoin Sherpa, a well known crypto strategist, and analyst, not too long ago made a number of worth predictions for...

W3E declares a brand new sequence of Web3 Esport tournaments

by cryptostandard
February 4, 2023
0

W3E, the Web3 esports organizer that hosted the world’s first stay Web3 esports event at Istanbul Blockchain Week 2022, just...

Filecoin’s Protocol Labs lays off one-fifth of employees

by cryptostandard
February 4, 2023
0

Protocol Labs has turn into the newest cryptocurrency firm to hold out a mass layoff, in keeping with a Feb....

CFTC commits to regulating crypto merchandise that aren’t securities

by cryptostandard
February 4, 2023
0

The U.S. Commodity Futures Buying and selling Fee (CFTC) dedicated to regulating crypto tokens not categorized as securities throughout a...

Elon Musk cleared in trial over Tesla tweets

by cryptostandard
February 4, 2023
0

Members of a jury have cleared Tesla CEO Elon Musk in a case that accused him of securities fraud, based...

Load More
Next Post

GBTC's Low cost to NAV Hits New File Low after SEC Declining its Bitcoin Spot ETF Utility

Bitcoin Struggles At $19K, Is $17K The Subsequent Goal?

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

ADVERTISEMENT
#
#
  • Trending
  • Comments
  • Latest

After approving a crypto mining website, an environmental group has filed a lawsuit in opposition to New York

January 16, 2023

Over 60% of US dad and mom need faculties to show about cryptocurrency

August 24, 2022

CEX.IO Dealer’s Digest (December 2022)

January 9, 2023

ConsenSys Confirms Job Cuts; CEO Lubin Touts a Win for Decentralization Over ‘Ridiculous’ CeFi

January 18, 2023

BlockFi Administration Hasn’t Withdrawn any Crypto Since October, Legal professionals Inform Courtroom

January 9, 2023

Why Crypto Software program Firm ConsenSys Is Sacking Practically 100 Employees

January 19, 2023

Russia’s Greatest Financial institution Set To Launch Its DeFi Platform By Could

February 4, 2023

Samsung Is Getting ready Its Personal Metaverse {Hardware} in Partnership With Google and Qualcomm – Metaverse Bitcoin Information

February 4, 2023

Indonesia To Launch Nationwide Crypto Alternate By June 2023

February 4, 2023

Layoff Spree Continues: Why This Crypto-Oriented Agency Is Dismissing Some Employees Quickly

February 4, 2023

What Instore For BTC, SOL, AVAX, and GMT Costs? Analyst Maps Subsequent Ranges

February 4, 2023

Tamadoge Hires New CEO Jon Bishop — Token Skyrockets Amid Heavy Shopping for Exercise

February 4, 2023
coindesk, cointelegraph, ftx, coindesk ethereum, coindesk luna, coindesk ceo, cointelegraph news, cointelegraph app,

Find the latest Bitcoin, Trending Crypto Updates, Altcoins, Blockchain, NFTs, Crypto Regulations, Interviews, Price Analysis, and more at Crypto Standard

CATEGORIES

  • Altcoin
  • Analysis
  • Bitcoin
  • Blockchain
  • Crypto Exchanges
  • Crypto Updates
  • DeFi
  • Ethereum
  • Metaverse
  • Mining
  • NFT
  • Regulations
  • Scam Alert
  • Web3

SITE MAP

  • Disclaimer
  • Privacy Policy
  • DMCA
  • Terms and Conditions
  • Contact us

Copyright © 2022 - Crypto Standard.
Crypto Standard is not responsible for the content of external sites.

No Result
View All Result
  • Home
  • BITCOINS
  • CRYPTO NEWS
    • GENERAL
    • ALTCOINS
    • ETHEREUM
    • CRYPTO EXCHANGES
    • NFT
    • MINING
    • Regulations
  • BLOCKCHAIN
  • WEB3
  • METAVERSE
  • Guides 99
  • Cryptocurrency Wallets
  • Margin Trading

Copyright © 2022 - Crypto Standard.
Crypto Standard is not responsible for the content of external sites.