Bitcoin price slowly moved lower below $19,200 against the US Dollar. BTC is still trading above the main breakdown support near the $18,500 zone.
- Bitcoin is slowly moving lower and there was a spike below the $19,000 level.
- De Präis handelt ënner $ 19,200 an den 100 Stonne einfache bewegende Moyenne.
- Et gëtt eng Schlëssel bearish Trendlinn déi sech mat Widderstand no bei $ 19,180 XNUMX $ op der Stonnekaart vum BTC / USD Pair (Datafeed vu Kraken) formt.
- The pair could start a steady increase if there is a clear move above $19,200 and then $19,500.
Bitcoin Präis hält Ënnerstëtzung
Bitcoin Präis huet ugefaang a slow decline from just above the $19,500 resistance zone. BTC declined below the $19,250 and $19,200 support levels to move into a short-term bearish zone.
The bears even pushed the price below the $19,000 level and there was a close below the 100 hourly simple moving average. The price traded as low as $18,900 and is currently correcting higher. There was a move above the $19,000 level.
Bitcoin price is now trading below $19,200 and the 100 hourly simple moving average. There is also a key bearish trend line forming with resistance near $19,180 on the hourly chart of the BTC/USD pair.
On the upside, an immediate resistance is near the $19,090 level. It is close to the 23.6% Fib retracement level of the recent decline from the $19,697 swing high to $18,900 low. The first major resistance sits near the $19,200 level and the trend line.
Source: BTCUSD op TradingView.com
The next major resistance might be $19,300 or the 50% Fib retracement level of the recent decline from the $19,697 swing high to $18,900 low. A clear move above the $19,300 resistance might start a decent increase. In the stated case, the price may perhaps test the $19,500 resistance. Any more gains might start a steady increase towards the $20,000 resistance zone.
Downside Break am BTC?
Wann bitcoin net iwwer d'$19,300 Resistenzzone eropgeet, da kéint et weider erof goen. Eng direkt Ënnerstëtzung um Downside ass no bei der $19,000 Zone.
The next major support is near the $18,900 zone. A downside break could send the price towards the main breakdown support at $18,500. Any more losses might send the price further lower towards $17,800 and selling pressure could increase.
Technesch Indikatiounen:
All Stonn MACD - De MACD verléiert elo Tempo an der bearish Zone.
All Stonn RSI (Relative Strength Index) - De RSI fir BTC / USD ass elo ënner dem 50 Niveau.
Major Support Levels - $ 19,000, gefollegt vun $ 18,900.
Major Resistenzniveauen - $ 19,200, $ 19,300 an $ 19,500.
Quell: https://www.newsbtc.com/analysis/btc/bitcoin-price-grinds-lower-19k/