Bitcoin price struggled to clear the $16,800 resistance. BTC is moving lower and there is a risk of more losses below the $16,000 support zone.
- Bitcoin huet probéiert en Upside Paus iwwer dem $ 16,800 Resistenz, awer gescheitert.
- De Präis handelt ënner $ 16,500 an den 100 Stonne einfache bewegende Moyenne.
- Et gëtt eng gréisser bearish Trendlinn mat Form mat Resistenz bei $ 16,550 XNUMX op der Stonnekaart vum BTC / USD Pair (Datafeed vu Kraken).
- De Pair kéint weider erofgoen wann et d'$16,000 Support Zone brécht.
Bitcoin Präis Gesiichter Oflehnung
De Bitcoin Präis huet probéiert en Upside Paus above the $16,800 resistance zone. BTC struggled to gain pace for a move above the $16,800 resistance and formed a double top pattern.
There was a slow and steady decline from the $16,791 high. There was a move below the $16,500 and $16,400 levels. The bears were able to push the price below the 23.6% Fib retracement level of the upward move from the $15,470 swing low to $16,790 high.
Bitcoin Präis gëtt elo ënner $ 16,500 gehandelt an den 100 Stonn einfach bewegt Duerchschnëtt. Et gëtt och eng grouss bearish Trendlinn mat Resistenz no bei $16,550 op der Stonneplang vum BTC/USD Pair geformt.
The price is now consolidating near the 50% Fib retracement level of the upward move from the $15,470 swing low to $16,790 high. On the upside, an immediate resistance is near the $16,300 level.
Source: BTCUSD op TradingView.com
The first major resistance is near the $16,500 zone, the 100 hourly simple moving average, and the highlighted bearish trend line. A successful move above the $16,500 resistance might send the price further higher. The next major resistance is near $16,800, above which the price could gain pace for a move towards the $17,500 zone.
Méi Verloschter am BTC?
If bitcoin fails to climb above the $16,500 resistance, it could continue to move down. An immediate support on the downside is near the $16,100 level.
The next major support is near the $16,000 zone, below which the price might gain bearish momentum. In the stated case, the price might drop towards the $15,500 support zone.
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 ënner dem 50 Niveau.
Major Support Levels - $ 16,100, gefollegt vun $ 16,000.
Major Resistenzniveauen - $ 16,500, $16,800 an $17,000.
Source: https://newsbtc.com/analysis/btc/bitcoin-price-prediction-fresh-drop-16k/