{"id":505516,"date":"2022-10-10T02:58:52","date_gmt":"2022-10-10T02:58:52","guid":{"rendered":"https:\/\/wncen.com\/?p=505516"},"modified":"2024-06-11T14:27:15","modified_gmt":"2024-06-11T14:27:15","slug":"bitcoin-price-supports-to-watch-19250","status":"publish","type":"post","link":"https:\/\/wncen.com\/news\/bitcoin-price-supports-to-watch-19250\/","title":{"rendered":"TA: Bitcoin Price Won’t Go Down Quietly: Key Supports To Watch 2022-10-10"},"content":{"rendered":"
Bitcoin price is consolidating losses above the $19,200 support zone against the US Dollar. BTC could start a fresh increase if there is a clear move above $19,700.<\/em><\/p>\n Bitcoin price started a fresh decline<\/a> from well above the $20,200 level. BTC declined below the $20,000 and $19,800 levels to move into a bearish zone.<\/p>\n The bears even pushed the price below the $19,500 level and the 100 hourly simple moving average. It traded as low as $19,249 and recently started a short-term upside correction. There was a minor increase above the $19,400 and $19,500 levels.<\/p>\n There was a break above a key bearish trend line with resistance near $19,450 on the hourly chart of the BTC\/USD pair. Bitcoin price tested the 23.6% Fib retracement level of the downward move from the $20,443 swing high to $19,249 low.<\/p>\n On the upside, an immediate resistance is near the $19,550 level. The next major resistance sits near the $19,700 zone and the 100 hourly simple moving average<\/a>.<\/p>\n <\/a><\/p>\n A proper close above the $19,700 resistance might send the price towards the 50% Fib retracement level of the downward move from the $20,443 swing high to $19,249 low. Any more gains might send the price above the $20,000 resistance. In the stated case, the price could rise towards the $20,500 resistance level.<\/p>\n If bitcoin fails to rise above the $19,700 resistance zone, it could continue to move down. An immediate support on the downside is near the $19,400 zone.<\/p>\n The next major support is near the $19,250 zone. A downside break below the $19,250 support zone might call for more losses. In the stated case, there is a risk of a move towards the $18,500 support zone.<\/p>\n Technical indicators:<\/p>\n Hourly MACD \u2013 The MACD is now losing pace in the bearish zone.<\/p>\n Hourly RSI (Relative Strength Index) \u2013 The RSI for BTC\/USD is now above the 50 level.<\/p>\n Major Support Levels \u2013 $19,400, followed by $19,250.<\/p>\n Major Resistance Levels \u2013 $19,700, $20,000 and $20,500.<\/p>\n","protected":false},"excerpt":{"rendered":" Bitcoin price is consolidating losses above the $19,200 support zone against the US Dollar. BTC could start a fresh increase if there is a clear move above $19,700. Bitcoin is facing barrier near the $19,550 and $19,600 resistance levels. The price is below above $20,100 and the 100 hourly simple moving average. There was a break above a key bearish trend line with resistance near $19,450 on the hourly chart of the BTC\/USD pair (data feed from Kraken). The pair could gain bullish momentum if there is a clear move above the $19,700 resistance. Bitcoin Price Holds Key Support Bitcoin price started a fresh decline from well above the $20,200 level. BTC declined below the $20,000 and $19,800 levels to move into a bearish zone. The bears even pushed the price below the $19,500 level and the 100 hourly simple moving average. It traded as low as $19,249 and recently started a short-term upside correction. There was a minor increase above the $19,400 and $19,500 levels. There was a break above a key bearish trend line with resistance near $19,450 on the hourly chart of the BTC\/USD pair. Bitcoin price tested the 23.6% Fib retracement level of the downward move from the $20,443 swing high to $19,249 low. On the upside, an immediate resistance is near the $19,550 level. The next major resistance sits near the $19,700 zone and the 100 hourly simple moving average. Source: BTCUSD on TradingView.com A proper close above the $19,700 resistance might send the price towards the 50% Fib retracement level of the downward move from the $20,443 swing high to $19,249 low. Any more gains might send the price above the $20,000 resistance. In the stated case, the price could rise towards the $20,500 resistance level. Dips Limited in BTC? If bitcoin fails to rise above the $19,700 resistance zone, it could continue to move down. An immediate support on the downside is near the $19,400 zone. The next major support is near the $19,250 zone. A downside break below the $19,250 support zone might call for more losses. In the stated case, there is a risk of a move towards the $18,500 support zone. Technical indicators: Hourly MACD \u2013 The MACD is now losing pace in the bearish zone. Hourly RSI (Relative Strength Index) \u2013 The RSI for BTC\/USD is now above the 50 level. Major Support Levels \u2013 $19,400, followed by $19,250. Major Resistance Levels \u2013 $19,700, $20,000 and $20,500.<\/p>\n","protected":false},"author":67,"featured_media":462714,"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-505516","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\n
Bitcoin Price Holds Key Support<\/h2>\n
Source: BTCUSD on TradingView.com<\/a><\/pre>\n
Dips Limited in BTC?<\/h2>\n