BTCUSD on TradingView.com<\/a><\/p>\nThe next key resistance is still near the $25,000 zone. A close above the $25,000 resistance could push the price in a bullish zone. In the stated case, the price may perhaps rise towards the $25,800 level.<\/p>\n
Fresh Decline in BTC?<\/h2>\n If bitcoin price fails to clear the $23,650 resistance, it could continue to move down. An immediate support on the downside is near the $23,200 zone.<\/p>\n
The next major support is near the $22,800 zone. If there is a downside break, the price might decline towards $22,200. The next major support is near the $22,000 level.<\/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 $23,200, followed by $22,800.<\/p>\n
Major Resistance Levels \u2013 $23,650, $24,000 and $24,600.<\/p>\n","protected":false},"excerpt":{"rendered":"
Bitcoin price is struggling to clear the $23,650 resistance. BTC must clear the $24,000 resistance to move into a positive zone in the near term. Bitcoin is struggling to gain pace for a move above the $23,600 resistance zone. The price is trading above $23,200 and the 100 hourly simple moving average. There was a break below a key rising channel with support near $23,450 on the hourly chart of the BTC\/USD pair (data feed from Kraken). The pair could resume its decline if it stays below the $23,650 and $24,000 resistance levels. Bitcoin Price Keeps Struggling Bitcoin price started a recovery wave from the $22,750 support zone. BTC formed a base and started a decent increase above the $23,200 resistance zone. There was a move above the $23,600 resistance and the 100 hourly simple moving average. However, the bears were active below the $24,000 resistance zone. A high was formed near $23,885 before the price started a fresh decline. There was a move below the $23,600 zone. Besides, there was a break below a key rising channel with support near $23,450 on the hourly chart of the BTC\/USD pair. There was a spike below the 50% Fib retracement level of the upward move from the $22,739 swing low to $23,885 high. Bitcoin price is now trading above $23,200 and the 100 hourly simple moving average. It is stab above the 61.8% Fib retracement level of the upward move from the $22,739 swing low to $23,885 high. An immediate resistance is near the $23,650 zone. The first major resistance is still near the $23,850 and $24,000 levels. A clear move above the $24,000 resistance might start a decent increase towards the $24,600 resistance zone. Source: BTCUSD on TradingView.com The next key resistance is still near the $25,000 zone. A close above the $25,000 resistance could push the price in a bullish zone. In the stated case, the price may perhaps rise towards the $25,800 level. Fresh Decline in BTC? If bitcoin price fails to clear the $23,650 resistance, it could continue to move down. An immediate support on the downside is near the $23,200 zone. The next major support is near the $22,800 zone. If there is a downside break, the price might decline towards $22,200. The next major support is near the $22,000 level. 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 $23,200, followed by $22,800. Major Resistance Levels \u2013 $23,650, $24,000 and $24,600.<\/p>\n","protected":false},"author":67,"featured_media":459029,"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":[428,679,1144,78790,76835],"class_list":["post-521258","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-bitcoin","tag-bitcoin-price","tag-btcusd","tag-btcusdt","tag-xbtusd"],"acf":[],"yoast_head":"\n
Bitcoin Price Recovery Could Soon Fade If BTC Fails To Surpass $24K<\/title>\n \n \n \n \n \n \n \n \n \n \n \n \n \n\t \n\t \n\t \n \n \n \n \n \n\t \n\t \n\t \n