BTCUSD on TradingView.com<\/a><\/p>\nIn the stated case, the price could rise toward $72,000. The next major resistance is near the $72,500 zone. Any more gains might send Bitcoin toward the $73,500 resistance zone in the near term.<\/p>\n
More Downsides In BTC?<\/h2>\n If Bitcoin fails to rise above the $70,000 resistance zone, it could continue to move down. Immediate support on the downside is near the $68,500 level.<\/p>\n
The first major support is $67,500. If there is a close below $67,500, the price could start a drop toward the $66,000 level. Any more losses might send the price toward the $65,000 support zone in the near term.<\/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 $68,500, followed by $67,500.<\/p>\n
Major Resistance Levels \u2013 $69,500, $70,000, and $71,200.<\/p>\n","protected":false},"excerpt":{"rendered":"
Bitcoin price failed to settle above the $72,000 resistance. BTC corrected gains and now moving lower toward the $67,500 support zone. Bitcoin struggled to clear the $72,000 and $72,500 resistance levels. The price is trading below $70,000 and the 100 hourly Simple moving average. There was a break below a major bullish trend line with support near $70,400 on the hourly chart of the BTC\/USD pair (data feed from Kraken). The pair could continue to move down if it breaks the $68,500 support level. Bitcoin Price Trims Gains Bitcoin price saw a decent increase above the $70,000 resistance zone. BTC even cleared the $71,200 and $72,000 resistance levels, but upsides were limited. The bears appeared near the $72,500 zone. A high was formed near the $72,609 level and the price struggled to settle above the $72,000 level. There was a fresh bearish reaction below the $71,200 level. The price declined below the 50% Fib retracement level of the upward move from the $68,955 swing low to the $72,609 high. There was a break below a major bullish trend line with support near $70,400 on the hourly chart of the BTC\/USD pair. Bitcoin is now trading below $70,000 and the 100 hourly Simple moving average. The bulls are now protecting the $68,500 support and the 61.8% Fib retracement level of the upward move from the $68,955 swing low to the $72,609 high. Immediate resistance is near the $69,500 level and the 100 hourly Simple moving average. The first major resistance could be $70,000. The next resistance now sits at $71,200. If there is a clear move above the $71,200 resistance zone, the price could start a fresh increase. Source: BTCUSD on TradingView.com In the stated case, the price could rise toward $72,000. The next major resistance is near the $72,500 zone. Any more gains might send Bitcoin toward the $73,500 resistance zone in the near term. More Downsides In BTC? If Bitcoin fails to rise above the $70,000 resistance zone, it could continue to move down. Immediate support on the downside is near the $68,500 level. The first major support is $67,500. If there is a close below $67,500, the price could start a drop toward the $66,000 level. Any more losses might send the price toward the $65,000 support zone in the near term. 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 $68,500, followed by $67,500. Major Resistance Levels \u2013 $69,500, $70,000, and $71,200.<\/p>\n","protected":false},"author":67,"featured_media":453037,"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-602371","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 Fails Again, Is This A Fresh Bearish Signal?<\/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