{"id":392921,"date":"2019-08-13T06:00:24","date_gmt":"2019-08-13T06:00:24","guid":{"rendered":"https:\/\/wncen.com\/?p=392921"},"modified":"2024-06-11T13:24:15","modified_gmt":"2024-06-11T13:24:15","slug":"bitcoin-btc-price-technical-bias-favors-more-downsides","status":"publish","type":"post","link":"https:\/\/wncen.com\/news\/bitcoin-btc-price-technical-bias-favors-more-downsides\/","title":{"rendered":"Bitcoin (BTC) Price Technical Bias Favors More Downsides"},"content":{"rendered":"<ul>\n<li>Bitcoin price is struggling to climb above the $11,500 and $11,600 resistances against the US Dollar.<\/li>\n<li>The price is holding the key $11,200 support, but it remains at a risk of more downsides.<\/li>\n<li>There are two key bearish trend lines forming with resistance near $11,400 and $11,600 on the hourly chart of the BTC\/USD pair (data feed from Kraken).<\/li>\n<li>The price could decline heavily if there is a break below the $11,200 support area in the near term.<\/li>\n<\/ul>\n<p><em>Bitcoin price is showing bearish signs below $11,500 against the US Dollar. BTC price might soon decline below the $11,200 support and extend losses towards $10,500.<\/em><\/p>\n<h2>Bitcoin Price Analysis<\/h2>\n<p>Recently, bitcoin price traded below the key $11,500 support area against the US Dollar. The BTC\/USD pair also settled below $11,600 and the 100 hourly simple moving average. It opened the doors for more downside and the price spiked below the $11,200 support. Finally, a swing low was formed at $11,112 and the price recently settled above the $11,200 pivot level.<\/p>\n<p>Moreover, there was an <a href=\"https:\/\/wncen.com\/2019\/08\/12\/bitcoin-btc-price-at-risk-of-more-downsides-below-11200\/\" target=\"_blank\" rel=\"noopener noreferrer \">upside correction<\/a> above the $11,400 level. However, the recovery was capped by the $11,600 resistance area. More importantly, the 50% Fib retracement level of the decline from the $11,976 high to $11,112 low acted as a resistance. The price is now trading with a bearish angle below the $11,500 level. Besides, it is testing the 50% Fib retracement level of the upward move from the $11,112 low to $11,581 high.<\/p>\n<p>On the downside, there is a strong support near the $11,200 level. The 61.8% Fib retracement level of the upward move from the $11,112 low to $11,581 high might also act as a support. Therefore, a downside break below the $11,200 support could start another drop. The next major support is near $11,000, below which <a href=\"https:\/\/wncen.com\/2019\/08\/11\/bitcoin-btc-price-weekly-forecast-risk-of-fresh-drop-to-10500\/\" target=\"_blank\" rel=\"noopener noreferrer \">bitcoin price could decline towards $10,500<\/a> (as discussed in the weekly forecast).<\/p>\n<p>On the upside, there are many hurdles near the $11,500 and $11,600 levels. Moreover, there are two key bearish trend lines forming with resistance near $11,400 and $11,600 on the hourly chart of the BTC\/USD pair. Therefore, a successful close above the $11,500 and $11,600 levels is needed for a fresh upward move.<\/p>\n<p><a href=\"https:\/\/wncen.com\/wp-content\/uploads\/2019\/08\/Bitcoin-11.png\"><img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" class=\"alignnone size-full wp-image-392922\" src=\"https:\/\/wncen.com\/wp-content\/uploads\/2019\/08\/Bitcoin-11.png?resize=1828%2C868\" alt=\"Bitcoin Price Analysis BTC Chart\" width=\"1828\" height=\"868\" srcset=\"https:\/\/wncen.com\/wp-content\/uploads\/2019\/08\/Bitcoin-11.png?w=1828 1828w, https:\/\/wncen.com\/wp-content\/uploads\/2019\/08\/Bitcoin-11.png?w=460 460w, https:\/\/wncen.com\/wp-content\/uploads\/2019\/08\/Bitcoin-11.png?w=768 768w, https:\/\/wncen.com\/wp-content\/uploads\/2019\/08\/Bitcoin-11.png?w=860 860w, https:\/\/wncen.com\/wp-content\/uploads\/2019\/08\/Bitcoin-11.png?w=130 130w, https:\/\/wncen.com\/wp-content\/uploads\/2019\/08\/Bitcoin-11.png?w=104 104w, https:\/\/wncen.com\/wp-content\/uploads\/2019\/08\/Bitcoin-11.png?w=83 83w, https:\/\/wncen.com\/wp-content\/uploads\/2019\/08\/Bitcoin-11.png?w=1536 1536w, https:\/\/wncen.com\/wp-content\/uploads\/2019\/08\/Bitcoin-11.png?w=750 750w, https:\/\/wncen.com\/wp-content\/uploads\/2019\/08\/Bitcoin-11.png?w=1140 1140w\" sizes=\"auto, (max-width: 1000px) 100vw, 1000px\"><\/a><\/p>\n<p>Looking at the <a href=\"https:\/\/www.tradingview.com\/symbols\/XBTUSD\/\" target=\"_blank\" rel=\"noopener noreferrer nofollow\">chart<\/a>, bitcoin price is clearly struggling to recover above the $11,600 resistance and the 100 hourly simple moving average. As long as there is no daily close above $11,600 and $11,800, there is a risk of more losses in the near term.<\/p>\n<p>Technical indicators:<\/p>\n<p>Hourly MACD \u2013 The MACD is gaining momentum in the bearish zone.<\/p>\n<p>Hourly RSI (Relative Strength Index) \u2013 The RSI for BTC\/USD is currently moving lower and is below 50.<\/p>\n<p>Major Support Levels \u2013 $11,200 followed by $11,000.<\/p>\n<p>Major Resistance Levels \u2013 $11,500, $11,600 and $11,800.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Bitcoin price is struggling to climb above the $11,500 and $11,600 resistances against the US Dollar. The price is holding the key $11,200 support, but it remains at a risk of more downsides. There are two key bearish trend lines forming with resistance near $11,400 and $11,600 on the hourly chart of the BTC\/USD pair (data feed from Kraken). The price could decline heavily if there is a break below the $11,200 support area in the near term. Bitcoin price is showing bearish signs below $11,500 against the US Dollar. BTC price might soon decline below the $11,200 support and extend losses towards $10,500. Bitcoin Price Analysis Recently, bitcoin price traded below the key $11,500 support area against the US Dollar. The BTC\/USD pair also settled below $11,600 and the 100 hourly simple moving average. It opened the doors for more downside and the price spiked below the $11,200 support. Finally, a swing low was formed at $11,112 and the price recently settled above the $11,200 pivot level. Moreover, there was an upside correction above the $11,400 level. However, the recovery was capped by the $11,600 resistance area. More importantly, the 50% Fib retracement level of the decline from the $11,976 high to $11,112 low acted as a resistance. The price is now trading with a bearish angle below the $11,500 level. Besides, it is testing the 50% Fib retracement level of the upward move from the $11,112 low to $11,581 high. On the downside, there is a strong support near the $11,200 level. The 61.8% Fib retracement level of the upward move from the $11,112 low to $11,581 high might also act as a support. Therefore, a downside break below the $11,200 support could start another drop. The next major support is near $11,000, below which bitcoin price could decline towards $10,500 (as discussed in the weekly forecast). On the upside, there are many hurdles near the $11,500 and $11,600 levels. Moreover, there are two key bearish trend lines forming with resistance near $11,400 and $11,600 on the hourly chart of the BTC\/USD pair. Therefore, a successful close above the $11,500 and $11,600 levels is needed for a fresh upward move. Looking at the chart, bitcoin price is clearly struggling to recover above the $11,600 resistance and the 100 hourly simple moving average. As long as there is no daily close above $11,600 and $11,800, there is a risk of more losses in the near term. Technical indicators: Hourly MACD \u2013 The MACD is gaining momentum in the bearish zone. Hourly RSI (Relative Strength Index) \u2013 The RSI for BTC\/USD is currently moving lower and is below 50. Major Support Levels \u2013 $11,200 followed by $11,000. Major Resistance Levels \u2013 $11,500, $11,600 and $11,800.<\/p>\n","protected":false},"author":67,"featured_media":328923,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[3],"tags":[428,1119],"class_list":["post-392921","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-bitcoin","tag-btc"],"acf":[],"yoast_head":"\n<title>Bitcoin (BTC) Price Technical Bias Favors More Downsides<\/title>\n<meta name=\"description\" content=\"Bitcoin price is showing bearish signs below $11,500 against the US Dollar. BTC price might soon decline below the $11,200 support and extend losses towards $10,500.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/wncen.com\/news\/bitcoin-btc-price-technical-bias-favors-more-downsides\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Bitcoin (BTC) Price Technical Bias Favors More Downsides\" \/>\n<meta property=\"og:description\" content=\"Bitcoin price is showing bearish signs below $11,500 against the US Dollar. BTC price might soon decline below the $11,200 support and extend losses towards $10,500.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/wncen.com\/news\/bitcoin-btc-price-technical-bias-favors-more-downsides\/\" \/>\n<meta property=\"og:site_name\" content=\"NewsBTC\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/newsbtc\" \/>\n<meta property=\"article:published_time\" content=\"2019-08-13T06:00:24+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2024-06-11T13:24:15+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/wncen.com\/wp-content\/uploads\/2018\/04\/techanalysis-btc2.jpg?fit=1200%2C600\" \/>\n\t<meta property=\"og:image:width\" content=\"1200\" \/>\n\t<meta property=\"og:image:height\" content=\"600\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Aayush Jindal\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@twitter.com\/AayushJs\" \/>\n<meta name=\"twitter:site\" content=\"@newsbtc\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Aayush Jindal\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"NewsArticle\",\"@id\":\"https:\/\/wncen.com\/news\/bitcoin-btc-price-technical-bias-favors-more-downsides\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/wncen.com\/news\/bitcoin-btc-price-technical-bias-favors-more-downsides\/\"},\"author\":{\"name\":\"Aayush Jindal\",\"@id\":\"https:\/\/wncen.com\/#\/schema\/person\/1f8631be4d0868de3fd2f21f17d9ae70\"},\"headline\":\"Bitcoin (BTC) Price Technical Bias Favors More Downsides\",\"datePublished\":\"2019-08-13T06:00:24+00:00\",\"dateModified\":\"2024-06-11T13:24:15+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/wncen.com\/news\/bitcoin-btc-price-technical-bias-favors-more-downsides\/\"},\"wordCount\":416,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\/\/wncen.com\/#organization\"},\"image\":{\"@id\":\"https:\/\/wncen.com\/news\/bitcoin-btc-price-technical-bias-favors-more-downsides\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/wncen.com\/wp-content\/uploads\/2018\/04\/techanalysis-btc2.jpg?fit=1200%2C600\",\"keywords\":[\"bitcoin\",\"btc\"],\"articleSection\":[\"Cryptocurrency Market News\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/wncen.com\/news\/bitcoin-btc-price-technical-bias-favors-more-downsides\/#respond\"]}],\"copyrightYear\":\"2019\",\"copyrightHolder\":{\"@id\":\"https:\/\/wncen.com\/#organization\"}},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/wncen.com\/news\/bitcoin-btc-price-technical-bias-favors-more-downsides\/\",\"url\":\"https:\/\/wncen.com\/news\/bitcoin-btc-price-technical-bias-favors-more-downsides\/\",\"name\":\"Bitcoin (BTC) Price Technical Bias Favors More Downsides\",\"isPartOf\":{\"@id\":\"https:\/\/wncen.com\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/wncen.com\/news\/bitcoin-btc-price-technical-bias-favors-more-downsides\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/wncen.com\/news\/bitcoin-btc-price-technical-bias-favors-more-downsides\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/wncen.com\/wp-content\/uploads\/2018\/04\/techanalysis-btc2.jpg?fit=1200%2C600\",\"datePublished\":\"2019-08-13T06:00:24+00:00\",\"dateModified\":\"2024-06-11T13:24:15+00:00\",\"description\":\"Bitcoin price is showing bearish signs below $11,500 against the US Dollar. BTC price might soon decline below the $11,200 support and extend losses towards $10,500.\",\"breadcrumb\":{\"@id\":\"https:\/\/wncen.com\/news\/bitcoin-btc-price-technical-bias-favors-more-downsides\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/wncen.com\/news\/bitcoin-btc-price-technical-bias-favors-more-downsides\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/wncen.com\/news\/bitcoin-btc-price-technical-bias-favors-more-downsides\/#primaryimage\",\"url\":\"https:\/\/wncen.com\/wp-content\/uploads\/2018\/04\/techanalysis-btc2.jpg?fit=1200%2C600\",\"contentUrl\":\"https:\/\/wncen.com\/wp-content\/uploads\/2018\/04\/techanalysis-btc2.jpg?fit=1200%2C600\",\"width\":1200,\"height\":600,\"caption\":\"technical analysis bitcoin\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/wncen.com\/news\/bitcoin-btc-price-technical-bias-favors-more-downsides\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/wncen.com\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Bitcoin (BTC) Price Technical Bias Favors More Downsides\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/wncen.com\/#website\",\"url\":\"https:\/\/wncen.com\/\",\"name\":\"NewsBTC\",\"description\":\"Bitcoin &amp; Cryptocurrency News Today\",\"publisher\":{\"@id\":\"https:\/\/wncen.com\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/wncen.com\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/wncen.com\/#organization\",\"name\":\"NewsBTC\",\"url\":\"https:\/\/wncen.com\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/wncen.com\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/wncen.com\/wp-content\/uploads\/2020\/06\/logo-min.png?fit=157%2C46\",\"contentUrl\":\"https:\/\/wncen.com\/wp-content\/uploads\/2020\/06\/logo-min.png?fit=157%2C46\",\"width\":157,\"height\":46,\"caption\":\"NewsBTC\"},\"image\":{\"@id\":\"https:\/\/wncen.com\/#\/schema\/logo\/image\/\"},\"sameAs\":[\"https:\/\/www.facebook.com\/newsbtc\",\"https:\/\/x.com\/newsbtc\",\"https:\/\/www.youtube.com\/channel\/UC9v9erBEru5y4c3FA0wehEw\"]},{\"@type\":\"Person\",\"@id\":\"https:\/\/wncen.com\/#\/schema\/person\/1f8631be4d0868de3fd2f21f17d9ae70\",\"name\":\"Aayush Jindal\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/wncen.com\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/a4650459bf0ce4ce9ed18195cbf5a02d?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/a4650459bf0ce4ce9ed18195cbf5a02d?s=96&d=mm&r=g\",\"caption\":\"Aayush Jindal\"},\"description\":\"Aayush Jindal, a luminary in the world of financial markets, whose expertise spans over 15 illustrious years in the realms of Forex and cryptocurrency trading. Renowned for his unparalleled proficiency in providing technical analysis, Aayush is a trusted advisor and senior market expert to investors worldwide, guiding them through the intricate landscapes of modern finance with his keen insights and astute chart analysis. From a young age, Aayush exhibited a natural aptitude for deciphering complex systems and unraveling patterns. Fueled by an insatiable curiosity for understanding market dynamics, he embarked on a journey that would lead him to become one of the foremost authorities in the fields of Forex and crypto trading. With a meticulous eye for detail and an unwavering commitment to excellence, Aayush honed his craft over the years, mastering the art of technical analysis and chart interpretation. As a software engineer, Aayush harnesses the power of technology to optimize trading strategies and develop innovative solutions for navigating the volatile waters of financial markets. His background in software engineering has equipped him with a unique skill set, enabling him to leverage cutting-edge tools and algorithms to gain a competitive edge in an ever-evolving landscape. In addition to his roles in finance and technology, Aayush serves as the director of a prestigious IT company, where he spearheads initiatives aimed at driving digital innovation and transformation. Under his visionary leadership, the company has flourished, cementing its position as a leader in the tech industry and paving the way for groundbreaking advancements in software development and IT solutions. Despite his demanding professional commitments, Aayush is a firm believer in the importance of work-life balance. An avid traveler and adventurer, he finds solace in exploring new destinations, immersing himself in different cultures, and forging lasting memories along the way. Whether he's trekking through the Himalayas, diving in the azure waters of the Maldives, or experiencing the vibrant energy of bustling metropolises, Aayush embraces every opportunity to broaden his horizons and create unforgettable experiences. Aayush's journey to success is marked by a relentless pursuit of excellence and a steadfast commitment to continuous learning and growth. His academic achievements are a testament to his dedication and passion for excellence, having completed his software engineering with honors and excelling in every department. At his core, Aayush is driven by a profound passion for analyzing markets and uncovering profitable opportunities amidst volatility. Whether he's poring over price charts, identifying key support and resistance levels, or providing insightful analysis to his clients and followers, Aayush's unwavering dedication to his craft sets him apart as a true industry leader and a beacon of inspiration to aspiring traders around the globe. In a world where uncertainty reigns supreme, Aayush Jindal stands as a guiding light, illuminating the path to financial success with his unparalleled expertise, unwavering integrity, and boundless enthusiasm for the markets.\",\"sameAs\":[\"https:\/\/www.linkedin.com\/in\/aayush-jindal-358b6932\/\",\"https:\/\/x.com\/twitter.com\/AayushJs\"],\"url\":\"https:\/\/wncen.com\/author\/aayushjindal\/\"}]}<\/script>\n","yoast_head_json":{"title":"Bitcoin (BTC) Price Technical Bias Favors More Downsides","description":"Bitcoin price is showing bearish signs below $11,500 against the US Dollar. BTC price might soon decline below the $11,200 support and extend losses towards $10,500.","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/wncen.com\/news\/bitcoin-btc-price-technical-bias-favors-more-downsides\/","og_locale":"en_US","og_type":"article","og_title":"Bitcoin (BTC) Price Technical Bias Favors More Downsides","og_description":"Bitcoin price is showing bearish signs below $11,500 against the US Dollar. BTC price might soon decline below the $11,200 support and extend losses towards $10,500.","og_url":"https:\/\/wncen.com\/news\/bitcoin-btc-price-technical-bias-favors-more-downsides\/","og_site_name":"NewsBTC","article_publisher":"https:\/\/www.facebook.com\/newsbtc","article_published_time":"2019-08-13T06:00:24+00:00","article_modified_time":"2024-06-11T13:24:15+00:00","og_image":[{"width":1200,"height":600,"url":"https:\/\/wncen.com\/wp-content\/uploads\/2018\/04\/techanalysis-btc2.jpg?fit=1200%2C600","type":"image\/jpeg"}],"author":"Aayush Jindal","twitter_card":"summary_large_image","twitter_creator":"@twitter.com\/AayushJs","twitter_site":"@newsbtc","twitter_misc":{"Written by":"Aayush Jindal","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"NewsArticle","@id":"https:\/\/wncen.com\/news\/bitcoin-btc-price-technical-bias-favors-more-downsides\/#article","isPartOf":{"@id":"https:\/\/wncen.com\/news\/bitcoin-btc-price-technical-bias-favors-more-downsides\/"},"author":{"name":"Aayush Jindal","@id":"https:\/\/wncen.com\/#\/schema\/person\/1f8631be4d0868de3fd2f21f17d9ae70"},"headline":"Bitcoin (BTC) Price Technical Bias Favors More Downsides","datePublished":"2019-08-13T06:00:24+00:00","dateModified":"2024-06-11T13:24:15+00:00","mainEntityOfPage":{"@id":"https:\/\/wncen.com\/news\/bitcoin-btc-price-technical-bias-favors-more-downsides\/"},"wordCount":416,"commentCount":0,"publisher":{"@id":"https:\/\/wncen.com\/#organization"},"image":{"@id":"https:\/\/wncen.com\/news\/bitcoin-btc-price-technical-bias-favors-more-downsides\/#primaryimage"},"thumbnailUrl":"https:\/\/wncen.com\/wp-content\/uploads\/2018\/04\/techanalysis-btc2.jpg?fit=1200%2C600","keywords":["bitcoin","btc"],"articleSection":["Cryptocurrency Market News"],"inLanguage":"en-US","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/wncen.com\/news\/bitcoin-btc-price-technical-bias-favors-more-downsides\/#respond"]}],"copyrightYear":"2019","copyrightHolder":{"@id":"https:\/\/wncen.com\/#organization"}},{"@type":"WebPage","@id":"https:\/\/wncen.com\/news\/bitcoin-btc-price-technical-bias-favors-more-downsides\/","url":"https:\/\/wncen.com\/news\/bitcoin-btc-price-technical-bias-favors-more-downsides\/","name":"Bitcoin (BTC) Price Technical Bias Favors More Downsides","isPartOf":{"@id":"https:\/\/wncen.com\/#website"},"primaryImageOfPage":{"@id":"https:\/\/wncen.com\/news\/bitcoin-btc-price-technical-bias-favors-more-downsides\/#primaryimage"},"image":{"@id":"https:\/\/wncen.com\/news\/bitcoin-btc-price-technical-bias-favors-more-downsides\/#primaryimage"},"thumbnailUrl":"https:\/\/wncen.com\/wp-content\/uploads\/2018\/04\/techanalysis-btc2.jpg?fit=1200%2C600","datePublished":"2019-08-13T06:00:24+00:00","dateModified":"2024-06-11T13:24:15+00:00","description":"Bitcoin price is showing bearish signs below $11,500 against the US Dollar. BTC price might soon decline below the $11,200 support and extend losses towards $10,500.","breadcrumb":{"@id":"https:\/\/wncen.com\/news\/bitcoin-btc-price-technical-bias-favors-more-downsides\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/wncen.com\/news\/bitcoin-btc-price-technical-bias-favors-more-downsides\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/wncen.com\/news\/bitcoin-btc-price-technical-bias-favors-more-downsides\/#primaryimage","url":"https:\/\/wncen.com\/wp-content\/uploads\/2018\/04\/techanalysis-btc2.jpg?fit=1200%2C600","contentUrl":"https:\/\/wncen.com\/wp-content\/uploads\/2018\/04\/techanalysis-btc2.jpg?fit=1200%2C600","width":1200,"height":600,"caption":"technical analysis bitcoin"},{"@type":"BreadcrumbList","@id":"https:\/\/wncen.com\/news\/bitcoin-btc-price-technical-bias-favors-more-downsides\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/wncen.com\/"},{"@type":"ListItem","position":2,"name":"Bitcoin (BTC) Price Technical Bias Favors More Downsides"}]},{"@type":"WebSite","@id":"https:\/\/wncen.com\/#website","url":"https:\/\/wncen.com\/","name":"NewsBTC","description":"Bitcoin &amp; Cryptocurrency News Today","publisher":{"@id":"https:\/\/wncen.com\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/wncen.com\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/wncen.com\/#organization","name":"NewsBTC","url":"https:\/\/wncen.com\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/wncen.com\/#\/schema\/logo\/image\/","url":"https:\/\/wncen.com\/wp-content\/uploads\/2020\/06\/logo-min.png?fit=157%2C46","contentUrl":"https:\/\/wncen.com\/wp-content\/uploads\/2020\/06\/logo-min.png?fit=157%2C46","width":157,"height":46,"caption":"NewsBTC"},"image":{"@id":"https:\/\/wncen.com\/#\/schema\/logo\/image\/"},"sameAs":["https:\/\/www.facebook.com\/newsbtc","https:\/\/x.com\/newsbtc","https:\/\/www.youtube.com\/channel\/UC9v9erBEru5y4c3FA0wehEw"]},{"@type":"Person","@id":"https:\/\/wncen.com\/#\/schema\/person\/1f8631be4d0868de3fd2f21f17d9ae70","name":"Aayush Jindal","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/wncen.com\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/a4650459bf0ce4ce9ed18195cbf5a02d?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/a4650459bf0ce4ce9ed18195cbf5a02d?s=96&d=mm&r=g","caption":"Aayush Jindal"},"description":"Aayush Jindal, a luminary in the world of financial markets, whose expertise spans over 15 illustrious years in the realms of Forex and cryptocurrency trading. Renowned for his unparalleled proficiency in providing technical analysis, Aayush is a trusted advisor and senior market expert to investors worldwide, guiding them through the intricate landscapes of modern finance with his keen insights and astute chart analysis. From a young age, Aayush exhibited a natural aptitude for deciphering complex systems and unraveling patterns. Fueled by an insatiable curiosity for understanding market dynamics, he embarked on a journey that would lead him to become one of the foremost authorities in the fields of Forex and crypto trading. With a meticulous eye for detail and an unwavering commitment to excellence, Aayush honed his craft over the years, mastering the art of technical analysis and chart interpretation. As a software engineer, Aayush harnesses the power of technology to optimize trading strategies and develop innovative solutions for navigating the volatile waters of financial markets. His background in software engineering has equipped him with a unique skill set, enabling him to leverage cutting-edge tools and algorithms to gain a competitive edge in an ever-evolving landscape. In addition to his roles in finance and technology, Aayush serves as the director of a prestigious IT company, where he spearheads initiatives aimed at driving digital innovation and transformation. Under his visionary leadership, the company has flourished, cementing its position as a leader in the tech industry and paving the way for groundbreaking advancements in software development and IT solutions. Despite his demanding professional commitments, Aayush is a firm believer in the importance of work-life balance. An avid traveler and adventurer, he finds solace in exploring new destinations, immersing himself in different cultures, and forging lasting memories along the way. Whether he's trekking through the Himalayas, diving in the azure waters of the Maldives, or experiencing the vibrant energy of bustling metropolises, Aayush embraces every opportunity to broaden his horizons and create unforgettable experiences. Aayush's journey to success is marked by a relentless pursuit of excellence and a steadfast commitment to continuous learning and growth. His academic achievements are a testament to his dedication and passion for excellence, having completed his software engineering with honors and excelling in every department. At his core, Aayush is driven by a profound passion for analyzing markets and uncovering profitable opportunities amidst volatility. Whether he's poring over price charts, identifying key support and resistance levels, or providing insightful analysis to his clients and followers, Aayush's unwavering dedication to his craft sets him apart as a true industry leader and a beacon of inspiration to aspiring traders around the globe. In a world where uncertainty reigns supreme, Aayush Jindal stands as a guiding light, illuminating the path to financial success with his unparalleled expertise, unwavering integrity, and boundless enthusiasm for the markets.","sameAs":["https:\/\/www.linkedin.com\/in\/aayush-jindal-358b6932\/","https:\/\/x.com\/twitter.com\/AayushJs"],"url":"https:\/\/wncen.com\/author\/aayushjindal\/"}]}},"parsely":{"version":"1.1.0","meta":{"@context":"https:\/\/schema.org","@type":"NewsArticle","headline":"Bitcoin (BTC) Price Technical Bias Favors More Downsides","url":"http:\/\/wncen.com\/news\/bitcoin-btc-price-technical-bias-favors-more-downsides\/","mainEntityOfPage":{"@type":"WebPage","@id":"http:\/\/wncen.com\/news\/bitcoin-btc-price-technical-bias-favors-more-downsides\/"},"thumbnailUrl":"https:\/\/wncen.com\/wp-content\/uploads\/2018\/04\/techanalysis-btc2.jpg?resize=200%2C200","image":{"@type":"ImageObject","url":"https:\/\/wncen.com\/wp-content\/uploads\/2018\/04\/techanalysis-btc2.jpg?fit=1200%2C600"},"articleSection":"Cryptocurrency Market News","author":[{"@type":"Person","name":"Aayush Jindal"}],"creator":["Aayush Jindal"],"publisher":{"@type":"Organization","name":"NewsBTC","logo":"https:\/\/wncen.com\/wp-content\/uploads\/2020\/06\/cropped-cropped-cropped-favicon.png?w=32"},"keywords":["bitcoin","btc"],"dateCreated":"2019-08-13T06:00:24Z","datePublished":"2019-08-13T06:00:24Z","dateModified":"2024-06-11T13:24:15Z"},"rendered":"<script type=\"application\/ld+json\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@type\":\"NewsArticle\",\"headline\":\"Bitcoin (BTC) Price Technical Bias Favors More Downsides\",\"url\":\"http:\\\/\\\/wncen.com\\\/news\\\/bitcoin-btc-price-technical-bias-favors-more-downsides\\\/\",\"mainEntityOfPage\":{\"@type\":\"WebPage\",\"@id\":\"http:\\\/\\\/wncen.com\\\/news\\\/bitcoin-btc-price-technical-bias-favors-more-downsides\\\/\"},\"thumbnailUrl\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2018\\\/04\\\/techanalysis-btc2.jpg?resize=200%2C200\",\"image\":{\"@type\":\"ImageObject\",\"url\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2018\\\/04\\\/techanalysis-btc2.jpg?fit=1200%2C600\"},\"articleSection\":\"Cryptocurrency Market News\",\"author\":[{\"@type\":\"Person\",\"name\":\"Aayush Jindal\"}],\"creator\":[\"Aayush Jindal\"],\"publisher\":{\"@type\":\"Organization\",\"name\":\"NewsBTC\",\"logo\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2020\\\/06\\\/cropped-cropped-cropped-favicon.png?w=32\"},\"keywords\":[\"bitcoin\",\"btc\"],\"dateCreated\":\"2019-08-13T06:00:24Z\",\"datePublished\":\"2019-08-13T06:00:24Z\",\"dateModified\":\"2024-06-11T13:24:15Z\"}<\/script>","tracker_url":"https:\/\/cdn.parsely.com\/keys\/wncen.com\/p.js"},"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"https:\/\/wncen.com\/wp-content\/uploads\/2018\/04\/techanalysis-btc2.jpg?fit=1200%2C600","amp_enabled":true,"_links":{"self":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts\/392921","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/users\/67"}],"replies":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/comments?post=392921"}],"version-history":[{"count":0,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts\/392921\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/media\/328923"}],"wp:attachment":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/media?parent=392921"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/categories?post=392921"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/tags?post=392921"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}