Bitcoin found a strong buying interest near $18,500 against the US Dollar. BTC is recovering and there could be a fresh increase above the $20,000 resistance.
- Bitcoin remained stable and the bulls again protected the $18,500 support zone.
- De Präis handelt iwwer $ 19,000 an den 100 Stonne einfache bewegende Moyenne.
- There is a short-term channel forming with support near $19,280 on the hourly chart of the BTC/USD pair (data feed from Kraken).
- The pair could start a fresh rally if there is a clear move above the $19,650 resistance zone.
Bitcoin Präis hält Schlësselsupport
Bitcoin Präis declined heavily from well above the $20,000 pivot level. BTC dropped below the $19,000 level, but the bulls were active near the $18,500 support zone.
It seems like the price is well supported near the $18,500 zone and there are multiple rejections visible around the same area. The price is now rising and there was a move above the $19,000 resistance zone. The bulls pushed the price above the 50% Fib retracement level of the downward move from the $20,383 swing high to $18,487 low.
Bitcoin Präis gëtt elo iwwer $ 19,000 gehandelt an den 100 Stonn einfach bewegt Duerchschnëtt. There is also a short-term channel forming with support near $19,280 on the hourly chart of the BTC/USD pair.
On the upside, an immediate resistance is near the $19,600 level. The next major resistance sits near the $19,650 zone. It is close to the 61.8% Fib retracement level of the downward move from the $20,383 swing high to $18,487 low.
Source: BTCUSD op TradingView.com
A close above the $19,650 level might start a fresh increase. In the stated case, the price could rise towards $20,000. Any more gains might lead the price higher towards the $20,500 resistance zone.
En anere Réckgang am BTC?
If bitcoin fails to recover above the $19,650 resistance zone, it could start a fresh decline. An immediate support on the downside is near the $19,280 zone and the channel trend line.
The next major support is near the $19,200 zone and the 100 hourly SMA. The main support is near $19,000. Any more losses might call for a drop towards the $18,500 support zone in the coming sessions.
Technesch Indikatiounen:
All Stonn MACD - De MACD verléiert elo Tempo an der bullish Zone.
All Stonn RSI (Relative Strength Index) - De RSI fir BTC / USD ass elo iwwer dem 50 Niveau.
Major Support Levels - $ 19,200, gefollegt vun $ 19,000.
Major Resistenzniveauen - $ 19,650, $ 20,000 an $ 20,500.
Source: https://www.newsbtc.com/analysis/btc/bitcoin-price-resilience-18-5k/