TA: Bitcoin Price Could Take Major Hit After Fed Rate Hike

2022-9-22 05:38

Bitcoin started another decline from the $19,500 resistance against the US Dollar. BTC is at risk of a sharp decline below the $18,500 and $18,000 levels.

Bitcoin started another decline after the fed increased rates to 3.25%. The price is trading below $19,200 and the 100 hourly simple moving average. There was a break below a key bullish trend line with support near $19,000 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair must stay above the $18,200 level to avoid more losses in the near term. Bitcoin Price Restarts Decline

Bitcoin price attempted to gain strength above the $19,200 level. However, BTC failed to clear the $19,500 resistance zone and stayed in a bearish zone.

As a result, there was a bearish reaction below the $19,000 level. The fed rate hike from 2.75% to 3.25% triggered a sharp decline. There was a break below a key bullish trend line with support near $19,000 on the hourly chart of the BTC/USD pair.

Bitcoin price is now trading below $19,200 and the 100 hourly simple moving average. There was a retest of the $18,200 zone and the price traded as low as $18,140. It is now consolidating losses above the $18,200 support zone.

There was a move above the 23.6% Fib retracement level of the recent decline from the $19,675 swing high to $18,140 low. On the upside, an immediate resistance is near the $18,775 level. The next major resistance sits near the $19,000 level.

The 50% Fib retracement level of the recent decline from the $19,675 swing high to $18,140 low is also near the $19,000 zone. The main resistance is now forming near the $19,200 zone and the 100 hourly simple moving average.

Source: BTCUSD on TradingView.com

A close above the $19,200 level might increase the chances of a move to $19,650. Any more gains might send the price towards the $20,000 resistance zone.

More Losses in BTC?

If bitcoin fails to recover above the $19,000 zone, it could continue to move down. An immediate support on the downside is near the $18,200 zone.

The next major support is near the $18,000 level. A clear move below the $18,000 zone could set the pace for a larger decline. In the stated case, the price may even test the $17,000 level.

Technical indicators:

Hourly MACD – The MACD is now losing pace in the bearish zone.

Hourly RSI (Relative Strength Index) – The RSI for BTC/USD is now below the 50 level.

Major Support Levels – $18,200, followed by $18,000.

Major Resistance Levels – $19,000, $19,200 and $19,500.

Similar to Notcoin - TapSwap on Solana Airdrops In 2024

origin »

Bitcoin (BTC) на Currencies.ru

$ 67306.95 (+0.69%)
Объем 24H $23.609b
Изменеия 24h: 0.60 %, 7d: 6.89 %
Cегодня L: $66031.14 - H: $67306.95
Капитализация $1326.009b Rank 1
Цена в час новости $ 19132.53 (251.79%)

decline bitcoin started another fed 500 sharp

Источник: newsbtc.com

decline bitcoin → Результатов: 126


Фото:

Bitcoin Weakens Despite No Crypto-Negative Headlines: BTCManager’s Week in Review Feb 4

Despite a lack of bitcoin-negative news, the bears have won over the bulls this week, which has resulted in a week-on-week decline in the price of bitcoin by over three percent. The re-application of CBOE and VanEck for a cryptocurrency ETF failed to boost the price of bitcoin, despite the move potentially opening the doorRead MoreRead More.

2019-2-5 20:00


Litecoin Price Action: Doji Forming for LTC After Price Meets Support

Litecoin started the week with a decline along with the rest of the cryptocurrency market but has since been meeting support at the $30 which is a key psychological point for traders. If Fibonacci retracements are drawn from the December low to the January high, we can see that the price of Litecoin at the […] Litecoin Price Action: Doji Forming for LTC After Price Meets Support was originally found on Cryptocurrency News | Blockchain News | Bitcoin News | blokt.com.

2019-1-29 18:14


Crypto Market Watch: Bitcoin Plunges Further, Altcoins Dwindle in Losses

At press time the bears have the upper hand in the cryptocurrency market. With red lights indicating price decline for almost all the top 100 cryptocurrencies, traders will find it difficult to make trading choices while weighing in on whether or not the market will continue in a downtrend or modify itself on the long […] The post Crypto Market Watch: Bitcoin Plunges Further, Altcoins Dwindle in Losses appeared first on ZyCrypto.

2019-1-21 18:40


Фото:

Bitcoin Price Analysis: Bulls Too Confident, Too Soon

After the sharp decline for Bitcoin price yesterday retesting the low $3,500s we take a closer look at whats going on with the market. Bitcoin Price: 4-Hour Bitcoin Chart Bitcoin price has failed to regain the critical $3750 point of control so far this week and is still consolidating under it after being rejected by the $4k handle and scuppering the short term hopes of an inverse head and shoulders bottom.

2019-1-16 17:00


Фото:

Daily On-Chain Bitcoin Transactions Hit Yearly High

Despite the prolonged bear market of 2018, the year has seen a steady increase in the number of confirmed Bitcoin transactions. They are currently at their highest point since mid-January 2018.   Real Adoption Regardless of the sharp decline in Bitcoin price in 2018, the cryptocurrency has seen a steady increase in the number of transactions throughout the entire year.

2019-1-10 21:30


Bitcoin Price Analysis: BTC bulls Raved, $4,500 Defining

Latest Bitcoin News By dropping 8,540.4082 BTC, the number of Bitcoin open short positions at BitFinex is down 26 percent at the time of press in the last two days. This decline hint of capital flight and as a major player in the space, a downtime that would see the exchange move their servers from […] The post Bitcoin Price Analysis: BTC bulls Raved, $4,500 Defining appeared first on Ethereum World News.

2019-1-8 15:30


дальше еще 77 новостей →

Партнеры Currencies.ru

Реклама на Currencies.ru

Самое свежее на Currencies.ru