{"id":451933,"date":"2020-12-10T03:48:39","date_gmt":"2020-12-10T03:48:39","guid":{"rendered":"https:\/\/wncen.com\/?p=451933"},"modified":"2024-06-11T14:09:10","modified_gmt":"2024-06-11T14:09:10","slug":"bitcoin-recovery-capped-18-6k","status":"publish","type":"post","link":"https:\/\/wncen.com\/news\/bitcoin-recovery-capped-18-6k\/","title":{"rendered":"TA: Bitcoin Recovery Capped, Why $18.6K Is A Major Breakout Zone"},"content":{"rendered":"<p><em>Bitcoin price extended its decline towards the $17,650 level before correcting higher against the US Dollar. BTC is now facing hurdles near $18,600 (the previous key support).<\/em><\/p>\n<ul>\n<li>Bitcoin is facing hurdles near the previous support at $18,500 and $18,600.<\/li>\n<li>The price is still well below the $19,000 pivot level and the 100 hourly simple moving average.<\/li>\n<li>There is a key bearish trend line forming with resistance near $18,560 on the hourly chart of the BTC\/USD pair (data feed from Kraken).<\/li>\n<li>The pair must break the $18,500 and $18,600 resistance levels to continue higher.<\/li>\n<\/ul>\n<h2>Bitcoin Price is Facing Hurdles<\/h2>\n<p>Yesterday, we saw a <a href=\"https:\/\/wncen.com\/analysis\/btc\/bitcoin-upsides-capped-18-6k\/\" target=\"_blank\" rel=\"noopener \">sharp decline in bitcoin price<\/a> below the $18,500 support level. BTC even extended its decline below the $18,000 support and settled below the 100 hourly simple moving average.<\/p>\n<p>The decline gained pace below $18,000 and the price traded close to the $17,650 level. A low was formed near $17,644 and there was a strong recovery wave. The price climbed back above the $18,000 and $18,200 levels.<\/p>\n<p>However, bitcoin struggled to clear the $18,600 resistance zone (the last key <a href=\"https:\/\/wncen.com\/analysis\/btc\/bitcoin-stuck-crucial-range-19-5k\/\" target=\"_blank\" rel=\"noopener \">breakdown zone<\/a>). A high is formed near $18,639 and the price is currently showing a few bearish signs. It is trading near the 23.6% Fib retracement level of the recent recovery from the $17,644 low to $18,639 high.<\/p>\n<p><a href=\"https:\/\/wncen.com\/wp-content\/uploads\/2020\/12\/Bitcoin-8.png\"><img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" width=\"1828\" height=\"868\" class=\"alignnone size-full wp-image-451934\" src=\"https:\/\/wncen.com\/wp-content\/uploads\/2020\/12\/Bitcoin-8.png?resize=1828%2C868\" alt=\"Bitcoin Price\" srcset=\"https:\/\/wncen.com\/wp-content\/uploads\/2020\/12\/Bitcoin-8.png?w=1828 1828w, https:\/\/wncen.com\/wp-content\/uploads\/2020\/12\/Bitcoin-8.png?w=460 460w, https:\/\/wncen.com\/wp-content\/uploads\/2020\/12\/Bitcoin-8.png?w=768 768w, https:\/\/wncen.com\/wp-content\/uploads\/2020\/12\/Bitcoin-8.png?w=860 860w, https:\/\/wncen.com\/wp-content\/uploads\/2020\/12\/Bitcoin-8.png?w=1536 1536w, https:\/\/wncen.com\/wp-content\/uploads\/2020\/12\/Bitcoin-8.png?w=750 750w, https:\/\/wncen.com\/wp-content\/uploads\/2020\/12\/Bitcoin-8.png?w=1140 1140w\" sizes=\"(max-width: 1000px) 100vw, 1000px\"><\/a><\/p>\n<pre>Source: <a href=\"https:\/\/www.tradingview.com\/symbols\/BTCUSD\/\" target=\"_blank\" rel=\"noopener nofollow\">BTCUSD on TradingView.com<\/a><\/pre>\n<p>The next major support is near the $18,150 level. It is close to the 50% Fib retracement level of the recent recovery from the $17,644 low to $18,639 high.<\/p>\n<p>On the upside, the price is facing hurdles near the previous support at $18,500 and $18,600. There is also a key bearish trend line forming with resistance near $18,560 on the hourly chart of the BTC\/USD pair. A clear break above the $18,500 and $18,600 resistance levels could open the doors for a push towards the $19,000 level.<\/p>\n<h2>Fresh Drop in BTC?<\/h2>\n<p>If bitcoin fails to clear the $18,600 resistance zone, it could resume its decline. An initial support is near the $18,150 and $18,100 levels.<\/p>\n<p>The first key support is near $18,000, below which the price might drop towards the $17,644 swing low. Any more losses might lead the price towards the $17,400 level.<\/p>\n<p>Technical indicators:<\/p>\n<p>Hourly MACD \u2013 The MACD is struggling to gain pace in the bullish zone.<\/p>\n<p>Hourly RSI (Relative Strength Index) \u2013 The RSI for BTC\/USD is currently just above the 50 level.<\/p>\n<p>Major Support Levels \u2013 $18,150, followed by $18,000.<\/p>\n<p>Major Resistance Levels \u2013 $18,500, $18,600 and $18,800.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Bitcoin price extended its decline towards the $17,650 level before correcting higher against the US Dollar. BTC is now facing hurdles near $18,600 (the previous key support). Bitcoin is facing hurdles near the previous support at $18,500 and $18,600. The price is still well below the $19,000 pivot level and the 100 hourly simple moving average. There is a key bearish trend line forming with resistance near $18,560 on the hourly chart of the BTC\/USD pair (data feed from Kraken). The pair must break the $18,500 and $18,600 resistance levels to continue higher. Bitcoin Price is Facing Hurdles Yesterday, we saw a sharp decline in bitcoin price below the $18,500 support level. BTC even extended its decline below the $18,000 support and settled below the 100 hourly simple moving average. The decline gained pace below $18,000 and the price traded close to the $17,650 level. A low was formed near $17,644 and there was a strong recovery wave. The price climbed back above the $18,000 and $18,200 levels. However, bitcoin struggled to clear the $18,600 resistance zone (the last key breakdown zone). A high is formed near $18,639 and the price is currently showing a few bearish signs. It is trading near the 23.6% Fib retracement level of the recent recovery from the $17,644 low to $18,639 high. Source: BTCUSD on TradingView.com The next major support is near the $18,150 level. It is close to the 50% Fib retracement level of the recent recovery from the $17,644 low to $18,639 high. On the upside, the price is facing hurdles near the previous support at $18,500 and $18,600. There is also a key bearish trend line forming with resistance near $18,560 on the hourly chart of the BTC\/USD pair. A clear break above the $18,500 and $18,600 resistance levels could open the doors for a push towards the $19,000 level. Fresh Drop in BTC? If bitcoin fails to clear the $18,600 resistance zone, it could resume its decline. An initial support is near the $18,150 and $18,100 levels. The first key support is near $18,000, below which the price might drop towards the $17,644 swing low. Any more losses might lead the price towards the $17,400 level. Technical indicators: Hourly MACD \u2013 The MACD is struggling to gain pace in the bullish zone. Hourly RSI (Relative Strength Index) \u2013 The RSI for BTC\/USD is currently just above the 50 level. Major Support Levels \u2013 $18,150, followed by $18,000. Major Resistance Levels \u2013 $18,500, $18,600 and $18,800.<\/p>\n","protected":false},"author":67,"featured_media":451935,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[3],"tags":[428,1144,78790,76835],"class_list":["post-451933","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-bitcoin","tag-btcusd","tag-btcusdt","tag-xbtusd"],"acf":[],"yoast_head":"\n<title>TA: Bitcoin Recovery Capped, Why $18.6K Is A Major Breakout Zone<\/title>\n<meta name=\"description\" content=\"Bitcoin price extended its decline towards $17,650 before correcting higher against the US Dollar. BTC is now facing hurdles near $18,600 (the previous key support).\" \/>\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-recovery-capped-18-6k\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"TA: Bitcoin Recovery Capped, Why $18.6K Is A Major Breakout Zone\" \/>\n<meta property=\"og:description\" content=\"Bitcoin price extended its decline towards $17,650 before correcting higher against the US Dollar. BTC is now facing hurdles near $18,600 (the previous key support).\" \/>\n<meta property=\"og:url\" content=\"https:\/\/wncen.com\/news\/bitcoin-recovery-capped-18-6k\/\" \/>\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=\"2020-12-10T03:48:39+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2024-06-11T14:09:10+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/wncen.com\/wp-content\/uploads\/2020\/12\/Depositphotos_65079223_l-2015.jpg?fit=1480%2C1052\" \/>\n\t<meta property=\"og:image:width\" content=\"1480\" \/>\n\t<meta property=\"og:image:height\" content=\"1052\" \/>\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-recovery-capped-18-6k\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/wncen.com\/news\/bitcoin-recovery-capped-18-6k\/\"},\"author\":{\"name\":\"Aayush Jindal\",\"@id\":\"https:\/\/wncen.com\/#\/schema\/person\/1f8631be4d0868de3fd2f21f17d9ae70\"},\"headline\":\"TA: Bitcoin Recovery Capped, Why $18.6K Is A Major Breakout Zone\",\"datePublished\":\"2020-12-10T03:48:39+00:00\",\"dateModified\":\"2024-06-11T14:09:10+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/wncen.com\/news\/bitcoin-recovery-capped-18-6k\/\"},\"wordCount\":377,\"publisher\":{\"@id\":\"https:\/\/wncen.com\/#organization\"},\"image\":{\"@id\":\"https:\/\/wncen.com\/news\/bitcoin-recovery-capped-18-6k\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/wncen.com\/wp-content\/uploads\/2020\/12\/Depositphotos_65079223_l-2015.jpg?fit=1480%2C1052\",\"keywords\":[\"bitcoin\",\"btcusd\",\"BTCUSDT\",\"xbtusd\"],\"articleSection\":[\"Cryptocurrency Market News\"],\"inLanguage\":\"en-US\",\"copyrightYear\":\"2020\",\"copyrightHolder\":{\"@id\":\"https:\/\/wncen.com\/#organization\"}},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/wncen.com\/news\/bitcoin-recovery-capped-18-6k\/\",\"url\":\"https:\/\/wncen.com\/news\/bitcoin-recovery-capped-18-6k\/\",\"name\":\"TA: Bitcoin Recovery Capped, Why $18.6K Is A Major Breakout Zone\",\"isPartOf\":{\"@id\":\"https:\/\/wncen.com\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/wncen.com\/news\/bitcoin-recovery-capped-18-6k\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/wncen.com\/news\/bitcoin-recovery-capped-18-6k\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/wncen.com\/wp-content\/uploads\/2020\/12\/Depositphotos_65079223_l-2015.jpg?fit=1480%2C1052\",\"datePublished\":\"2020-12-10T03:48:39+00:00\",\"dateModified\":\"2024-06-11T14:09:10+00:00\",\"description\":\"Bitcoin price extended its decline towards $17,650 before correcting higher against the US Dollar. BTC is now facing hurdles near $18,600 (the previous key support).\",\"breadcrumb\":{\"@id\":\"https:\/\/wncen.com\/news\/bitcoin-recovery-capped-18-6k\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/wncen.com\/news\/bitcoin-recovery-capped-18-6k\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/wncen.com\/news\/bitcoin-recovery-capped-18-6k\/#primaryimage\",\"url\":\"https:\/\/wncen.com\/wp-content\/uploads\/2020\/12\/Depositphotos_65079223_l-2015.jpg?fit=1480%2C1052\",\"contentUrl\":\"https:\/\/wncen.com\/wp-content\/uploads\/2020\/12\/Depositphotos_65079223_l-2015.jpg?fit=1480%2C1052\",\"width\":1480,\"height\":1052,\"caption\":\"Bitcoin\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/wncen.com\/news\/bitcoin-recovery-capped-18-6k\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/wncen.com\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"TA: Bitcoin Recovery Capped, Why $18.6K Is A Major Breakout Zone\"}]},{\"@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":"TA: Bitcoin Recovery Capped, Why $18.6K Is A Major Breakout Zone","description":"Bitcoin price extended its decline towards $17,650 before correcting higher against the US Dollar. BTC is now facing hurdles near $18,600 (the previous key support).","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-recovery-capped-18-6k\/","og_locale":"en_US","og_type":"article","og_title":"TA: Bitcoin Recovery Capped, Why $18.6K Is A Major Breakout Zone","og_description":"Bitcoin price extended its decline towards $17,650 before correcting higher against the US Dollar. BTC is now facing hurdles near $18,600 (the previous key support).","og_url":"https:\/\/wncen.com\/news\/bitcoin-recovery-capped-18-6k\/","og_site_name":"NewsBTC","article_publisher":"https:\/\/www.facebook.com\/newsbtc","article_published_time":"2020-12-10T03:48:39+00:00","article_modified_time":"2024-06-11T14:09:10+00:00","og_image":[{"width":1480,"height":1052,"url":"https:\/\/wncen.com\/wp-content\/uploads\/2020\/12\/Depositphotos_65079223_l-2015.jpg?fit=1480%2C1052","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-recovery-capped-18-6k\/#article","isPartOf":{"@id":"https:\/\/wncen.com\/news\/bitcoin-recovery-capped-18-6k\/"},"author":{"name":"Aayush Jindal","@id":"https:\/\/wncen.com\/#\/schema\/person\/1f8631be4d0868de3fd2f21f17d9ae70"},"headline":"TA: Bitcoin Recovery Capped, Why $18.6K Is A Major Breakout Zone","datePublished":"2020-12-10T03:48:39+00:00","dateModified":"2024-06-11T14:09:10+00:00","mainEntityOfPage":{"@id":"https:\/\/wncen.com\/news\/bitcoin-recovery-capped-18-6k\/"},"wordCount":377,"publisher":{"@id":"https:\/\/wncen.com\/#organization"},"image":{"@id":"https:\/\/wncen.com\/news\/bitcoin-recovery-capped-18-6k\/#primaryimage"},"thumbnailUrl":"https:\/\/wncen.com\/wp-content\/uploads\/2020\/12\/Depositphotos_65079223_l-2015.jpg?fit=1480%2C1052","keywords":["bitcoin","btcusd","BTCUSDT","xbtusd"],"articleSection":["Cryptocurrency Market News"],"inLanguage":"en-US","copyrightYear":"2020","copyrightHolder":{"@id":"https:\/\/wncen.com\/#organization"}},{"@type":"WebPage","@id":"https:\/\/wncen.com\/news\/bitcoin-recovery-capped-18-6k\/","url":"https:\/\/wncen.com\/news\/bitcoin-recovery-capped-18-6k\/","name":"TA: Bitcoin Recovery Capped, Why $18.6K Is A Major Breakout Zone","isPartOf":{"@id":"https:\/\/wncen.com\/#website"},"primaryImageOfPage":{"@id":"https:\/\/wncen.com\/news\/bitcoin-recovery-capped-18-6k\/#primaryimage"},"image":{"@id":"https:\/\/wncen.com\/news\/bitcoin-recovery-capped-18-6k\/#primaryimage"},"thumbnailUrl":"https:\/\/wncen.com\/wp-content\/uploads\/2020\/12\/Depositphotos_65079223_l-2015.jpg?fit=1480%2C1052","datePublished":"2020-12-10T03:48:39+00:00","dateModified":"2024-06-11T14:09:10+00:00","description":"Bitcoin price extended its decline towards $17,650 before correcting higher against the US Dollar. BTC is now facing hurdles near $18,600 (the previous key support).","breadcrumb":{"@id":"https:\/\/wncen.com\/news\/bitcoin-recovery-capped-18-6k\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/wncen.com\/news\/bitcoin-recovery-capped-18-6k\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/wncen.com\/news\/bitcoin-recovery-capped-18-6k\/#primaryimage","url":"https:\/\/wncen.com\/wp-content\/uploads\/2020\/12\/Depositphotos_65079223_l-2015.jpg?fit=1480%2C1052","contentUrl":"https:\/\/wncen.com\/wp-content\/uploads\/2020\/12\/Depositphotos_65079223_l-2015.jpg?fit=1480%2C1052","width":1480,"height":1052,"caption":"Bitcoin"},{"@type":"BreadcrumbList","@id":"https:\/\/wncen.com\/news\/bitcoin-recovery-capped-18-6k\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/wncen.com\/"},{"@type":"ListItem","position":2,"name":"TA: Bitcoin Recovery Capped, Why $18.6K Is A Major Breakout Zone"}]},{"@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":"TA: Bitcoin Recovery Capped, Why $18.6K Is A Major Breakout Zone","url":"http:\/\/wncen.com\/news\/bitcoin-recovery-capped-18-6k\/","mainEntityOfPage":{"@type":"WebPage","@id":"http:\/\/wncen.com\/news\/bitcoin-recovery-capped-18-6k\/"},"thumbnailUrl":"https:\/\/wncen.com\/wp-content\/uploads\/2020\/12\/Depositphotos_65079223_l-2015.jpg?resize=200%2C200","image":{"@type":"ImageObject","url":"https:\/\/wncen.com\/wp-content\/uploads\/2020\/12\/Depositphotos_65079223_l-2015.jpg?fit=1480%2C1052"},"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","btcusd","btcusdt","xbtusd"],"dateCreated":"2020-12-10T03:48:39Z","datePublished":"2020-12-10T03:48:39Z","dateModified":"2024-06-11T14:09:10Z"},"rendered":"<script type=\"application\/ld+json\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@type\":\"NewsArticle\",\"headline\":\"TA: Bitcoin Recovery Capped, Why $18.6K Is A Major Breakout Zone\",\"url\":\"http:\\\/\\\/wncen.com\\\/news\\\/bitcoin-recovery-capped-18-6k\\\/\",\"mainEntityOfPage\":{\"@type\":\"WebPage\",\"@id\":\"http:\\\/\\\/wncen.com\\\/news\\\/bitcoin-recovery-capped-18-6k\\\/\"},\"thumbnailUrl\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2020\\\/12\\\/Depositphotos_65079223_l-2015.jpg?resize=200%2C200\",\"image\":{\"@type\":\"ImageObject\",\"url\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2020\\\/12\\\/Depositphotos_65079223_l-2015.jpg?fit=1480%2C1052\"},\"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\",\"btcusd\",\"btcusdt\",\"xbtusd\"],\"dateCreated\":\"2020-12-10T03:48:39Z\",\"datePublished\":\"2020-12-10T03:48:39Z\",\"dateModified\":\"2024-06-11T14:09:10Z\"}<\/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\/2020\/12\/Depositphotos_65079223_l-2015.jpg?fit=1480%2C1052","amp_enabled":true,"_links":{"self":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts\/451933"}],"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=451933"}],"version-history":[{"count":0,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts\/451933\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/media\/451935"}],"wp:attachment":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/media?parent=451933"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/categories?post=451933"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/tags?post=451933"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}