Bitcoin Präis Stuck am Schlësselbereich, Firwat d'Bullen an Aktioun bleiwen

Bitcoin price failed to clear the $17,300 zone and corrected lower. BTC could find a strong buying interest near $16,900 or $16,700 in the coming sessions.

• Bitcoin failed to gain pace for a move above $17,300 and $17,450.
• De Präis handelt ënner $ 17,000 an den 100 Stonne einfache bewegende Moyenne.
• Et gëtt eng Schlëssel bearish Trendlinn déi sech mat Widderstand no bei $ 17,150 XNUMX $ op der Stonnekaart vum BTC / USD Pair (Datafeed vu Kraken) formt.
• The pair could bounce back if it stays above the $16,900 and $16,700 support levels.

Bitcoin Präis bleiwt ënnerstëtzt

Bitcoin price was able to clear the 17,000 $ Resistenzzone. However, the price failed to gain pace for a move above $17,300 and $17,450. A high was formed near $17,292 and the price started a fresh decline.

There was a clear move below the $17,100 and $17,000 levels. The price declined below the 50% Fib retracement level of the upward move from the $16,700 swing low to $17,292 high. Bitcoin price is now trading below $17,000 and the 100 Stonn einfach bewegt Duerchschnëtt.

There is also a key bearish trend line forming with resistance near $17,150 on the hourly chart of the BTC/USD pair. The pair is now approaching the 61.8% Fib retracement level of the upward move from the $16,700 swing low to $17,292 high.

On the upside, an immediate resistance is near the $17,050 level. The first major resistance is near the $17,150 zone and the trend line, above which the price may perhaps start a fresh increase.

Source: BTCUSD op TradingView.com

Am uginne Fall kéint de Präis géint d'$17,300 Resistenz eropgoen. Déi nächst grouss Resistenz ass no bei 17,450 $, iwwer deem de Präis an der nächster Zäit an d'$ 18,000 Zone eropgeet.

Downside Break am BTC?

If bitcoin fails to clear the $17,150 resistance, there could be more losses. An immediate support on the downside is near the $16,900 level.

The next major support is near the $16,700 zone or the last swing low. A downside break below the $16,700 support might call a drop towards $16,500. Any more losses might push the price towards the $16,200 zone in the near term.

Technesch Indikatiounen:

Hourly MACD - De MACD gewënnt elo Tempo an der bearish Zone.

All Stonn RSI (Relative Strength Index) - De RSI fir BTC / USD ass elo an der iwwerverkaafter Zone.

Major Support Levels - $ 16,900, gefollegt vun $ 16,700.

Major Resistenzniveauen - $ 17,050, $ 17,150 an $ 17,450.