BTCUSD on TradingView.com<\/a><\/p>\nThe main barrier is now near the $22,750 zone. A close above the $22,750 resistance might start a decent increase towards the $23,200 resistance zone. The next key resistance is near the $23,850 zone, above which the price might rally.<\/p>\n
More Losses in BTC?<\/h2>\n If bitcoin price fails to clear the $22,250 resistance and $22,420, it could start another decline. An immediate support on the downside is near the $22,000 zone.<\/p>\n
The next major support is near the $21,800 zone, below which the price might drop to $21,200. The next major support is near the $20,500 level. Any more losses might send the price towards the $20,000 level.<\/p>\n
Technical indicators:<\/p>\n
Hourly MACD \u2013 The MACD is now gaining pace in the bearish zone.<\/p>\n
Hourly RSI (Relative Strength Index) \u2013 The RSI for BTC\/USD is now below the 50 level.<\/p>\n
Major Support Levels \u2013 $22,000, followed by $21,200.<\/p>\n
Major Resistance Levels \u2013 $22,250, $22,420 and $23,000.<\/p>\n","protected":false},"excerpt":{"rendered":"
Bitcoin price is moving lower below the $22,200 level. BTC could take a hit if there is a close below the $22,000 support zone in the near term. Bitcoin is showing bearish signs below the $22,500 resistance zone. The price is trading below $22,250 and the 100 hourly simple moving average. There is a key bearish trend line forming with resistance near $22,250 on the hourly chart of the BTC\/USD pair (data feed from Kraken). The pair remains at a risk of a larger decline if there is a close below $22,000. Bitcoin Price At Risk Bitcoin price attempted an upside correction from the $22,000 support zone. BTC climbed above the $22,250 and $22,400 levels. However, the bears were active near the $22,600 level. The price faced a rejection near the $22,600 level and recently declined sharply. There was a sharp move below the $22,200 and $22,000 levels. A low is formed near $21,904 and the price is now consolidating losses. There was a minor increase above the $22,000 level. Bitcoin price is now trading below $22,250 and the 100 hourly simple moving average. It is testing the 50% Fib retracement level of the recent decline from the $22,600 swing high to $21,904 low. An immediate resistance is near the $22,250 level. There is also a key bearish trend line forming with resistance near $22,250 on the hourly chart of the BTC\/USD pair. The next major resistance is near the $22,420 zone. It is near the 76.4% Fib retracement level of the recent decline from the $22,600 swing high to $21,904 low. Source: BTCUSD on TradingView.com The main barrier is now near the $22,750 zone. A close above the $22,750 resistance might start a decent increase towards the $23,200 resistance zone. The next key resistance is near the $23,850 zone, above which the price might rally. More Losses in BTC? If bitcoin price fails to clear the $22,250 resistance and $22,420, it could start another decline. An immediate support on the downside is near the $22,000 zone. The next major support is near the $21,800 zone, below which the price might drop to $21,200. The next major support is near the $20,500 level. Any more losses might send the price towards the $20,000 level. Technical indicators: Hourly MACD \u2013 The MACD is now gaining pace in the bearish zone. Hourly RSI (Relative Strength Index) \u2013 The RSI for BTC\/USD is now below the 50 level. Major Support Levels \u2013 $22,000, followed by $21,200. Major Resistance Levels \u2013 $22,250, $22,420 and $23,000.<\/p>\n","protected":false},"author":67,"featured_media":462954,"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-522191","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 Faces Rejection And It's Vulnerable to a Drop Below $22K<\/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