• News
    • Bitcoin
    • Altcoins
    • Blockchain
    • Regulation
    • Scams
  • DeFi
  • NFT
  • Metaverse
  • Analysis
  • Learn
  • Market Cap
  • Shop
Facebook Twitter Instagram
  • Contact
  • Terms & Conditions
  • Privacy Policy
  • DMCA
Facebook Twitter Instagram
CM247
  • News
    • Bitcoin
    • Altcoins
    • Blockchain
    • Regulation
    • Scams
  • DeFi

    Cream Finance Soars Over 80% Amidst Release of 3-Year Staking Contract

    2023-09-24

    Liquid-Staking Token-Backed Stablecoin MKUSD Surges 27,000% in Under a Month 

    2023-09-23

    OKX Wallet Integrates Levana Protocol for Enhanced Decentralized Finance Access

    2023-09-23

    5 Most Important Trends in DeFi: Unpacking Token 2049

    2023-09-23

    Base surges past Solana as total value locked nears $400M

    2023-09-22
  • NFT

    Animoca Brands to Create Web3 Digital ID System

    2023-09-12

    Generative AI Could Make Government Mechanism Less Annoying

    2023-09-12

    Hundreds of Nouns Holders Rally to Exit DAO, Leading to Treasury Split

    2023-09-11

    Krista Kim Explores Spirituality, Art, and Podcast Tokenization at The Gateway: Korea

    2023-09-09

    Exploring Communion In Collaboration with AI

    2023-09-09
  • Metaverse

    Upland and KABOOM! Unite to Address Playspace Inequity

    2023-09-22

    Decentraland Hosts the First Metaverse Architecture Biennale

    2023-09-20

    A Step Towards Global Medical Metaverse Collaboration

    2023-09-18

    Shandong Province Aims for 10% of Global Metaverse Market by 2025

    2023-09-11

    The Future of Workspaces: Clockwise’s Metaverse Campus Unveiled

    2023-09-06
  • Analysis

    XRP Price Topside Bias Vulnerable Unless It Climbs Above $0.50

    2023-06-29

    Crypto Analyst Issues Bitcoin Warning, Says It May Be Time for BTC Pullback After 25% Rally

    2023-06-29

    Bitcoin Price Needs To Clear $31K For Hopes of a Fresh Rally

    2023-06-28

    Analyst Predicts Rallies for Chainlink, Updates Outlook on Polygon, Floki and One Additional Altcoin

    2023-06-28

    BNB Market Cap Down By 25% In June Amidst Binance Regulatory Pressure

    2023-06-28
  • Learn

    What is NBA Top Shot? A Beginner’s Guide

    2023-09-22

    What Are Bridges in Crypto? Cross-Chain Bridges, Explained – Cryptocurrency News & Trading Tips – Crypto Blog by Changelly

    2023-09-21

    SingularityNET (AGIX) Price Prediction 2023 2024 2025

    2023-09-18

    What Is NFT? – A Beginner’s Guide to NFTs by Changelly

    2023-09-15

    How Blockchain Impacts Global Markets

    2023-09-09
  • Market Cap
  • Shop
CM247
Home»Altcoins»TA: Bitcoin Price Won’t Go Down Quietly: Key Supports To Watch
Altcoins

TA: Bitcoin Price Won’t Go Down Quietly: Key Supports To Watch

2022-08-17No Comments3 Mins Read
Share
Facebook Twitter LinkedIn Pinterest Email
coin-mama

Bitcoin prolonged losses under the $23,650 assist zone towards the US Greenback. BTC should keep above $23,200 to keep away from extra losses within the close to time period.

  • Bitcoin remained in a bearish zone and traded under the $23,650 assist.
  • The value is now buying and selling under the $23,650 stage and the 100 hourly easy shifting common.
  • There’s a connecting bearish development line forming with resistance close to $24,000 on the hourly chart of the BTC/USD pair (knowledge feed from Kraken).
  • The pair might lengthen losses if there’s a clear transfer under the $23,200 assist within the close to time period.

Bitcoin Worth Drops Additional

Bitcoin value failed to remain in a optimistic zone above the $24,000 stage. BTC began one other decline and traded under the $23,650 assist zone.

There was a transparent transfer under the $23,500 stage and the 100 hourly easy shifting common. Lastly, the value discovered assist close to the $23,200 zone. A low was fashioned close to $23,193 and the value is now consolidating losses.

Bitcoin value is now buying and selling under the $23,650 stage and the 100 hourly easy shifting common. On the upside, an instantaneous resistance is close to the $23,500 stage. It’s close to the 23.6% Fib retracement stage of the current decline from the $24,438 swing excessive to $23,193 low.

The primary main resistance on the upside sits close to the $23,800 stage. It’s close to the 50% Fib retracement stage of the current decline from the $24,438 swing excessive to $23,193 low.

The principle resistance is forming close to the $24,000 zone and the 100 hourly easy shifting common. There may be additionally a connecting bearish development line forming with resistance close to $24,000 on the hourly chart of the BTC/USD pair. An in depth above the $23,800 and $24,000 resistance ranges may begin one other enhance.

Bitcoin Price

Supply: BTCUSD on TradingView.com

Within the acknowledged case, the value might maybe climb in the direction of the $24,500 resistance. Any extra positive aspects may ship the value in the direction of the $25,000 stage.

Extra Losses in BTC?

If bitcoin fails to clear the $24,000 resistance zone, it might proceed to maneuver down. A direct assist on the draw back is close to the $23,320 stage.

The subsequent main assist now sits close to the $23,200 stage. A draw back break and shut under the $23,200 stage may spark one other decline. Within the acknowledged case, the value may decline in the direction of the $22,750 stage.

Technical indicators:

Hourly MACD – The MACD is now shedding tempo within the bearish zone.

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

Main Help Ranges – $23,320, adopted by $23,200.

Main Resistance Ranges – $23,500, $23,800 and $24,000.

Source link

coin-mama
Bitcoin Key Price Quietly Supports Watch Wont
Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

Coinbase becomes the largest Bitcoin holder with $25 bln in BTC reserves

2023-09-24

Bitcoin inflows to exchanges rise – Are traders preparing to sell?

2023-09-24

Chainlink surges 15% in a week as Bitcoin and Ethereum lag behind

2023-09-24

I asked ChatGPT about Bitcoin hitting $30k, the bot had a positive outlook

2023-09-24
Add A Comment

Leave A Reply Cancel Reply

Top Posts
NFT

NMKR Founder States NFTs Are Solution to Some of World’s Issues

2023-03-21

NFT The founding father of NMKR, Patrick Tobler (@Padierfind), shared a current video by Cardano’s…

DeFi

DeFi to Rebound After Crypto Winter, Says Web3 Report

2023-04-18

DeFi Web3 growth platform Alchemy launched a report Tuesday that discovered that decentralized exchanges (DEXs)…

NFT

Binance NFT—Explore and Trade NFTs on BNB Chain and Ethereum

2022-10-30

Non-fungible tokens, higher identified merely as NFTs, are a sort of digital token on the…

Subscribe to Updates

Get the latest news and Update from CM247 about Crypto, Metaverse and NFT.

About
About

Our mission is to develop a community of people who try to make financially sound decisions. The website strives to educate individuals in making wise choices about Cryptocurrencies, NFT, Metaverse and more.

We're social. Connect with us:

Facebook Twitter Instagram Pinterest
Popular Post

How to create and sell Bitcoin NFTs

2023-03-14

A Guide to the Benefits and Risks

2023-05-02

How should investors prepare for The Merge?

2022-08-20

Subscribe to Updates

Get the latest news and Update from CM247 about Crypto, Metaverse and NFT.

  • Contact
  • Terms & Conditions
  • Privacy Policy
  • DMCA
© 2023 cryptocurrencymedia247.com. Designed by ProdigitalX.

Type above and press Enter to search. Press Esc to cancel.

  • bitcoinBitcoin(BTC)$20,168.002.51%
  • ethereumEthereum(ETH)$1,532.186.43%
  • tetherTether(USDT)$1.00-0.02%
  • usd-coinUSD Coin(USDC)$1.00-0.09%
  • binancecoinBNB(BNB)$286.102.95%
  • TerraTerra(LUNA)$88.14-1.01%
  • Binance USDBinance USD(BUSD)$1.00-0.14%
  • rippleXRP(XRP)$0.3315312.89%
  • cardanoCardano(ADA)$0.4480674.29%
  • SolanaSolana(SOL)$32.015.40%