BTCUSD on TradingView.com<\/a><\/figcaption><\/figure>\nA clear move above the $68,500 resistance might send the price higher. In the stated case, the price could rise and test the $69,000 resistance. Any more gains might send BTC toward the $70,200 resistance in the near term.<\/p>\n
More Losses In BTC?<\/h2>\n If Bitcoin fails to climb above the $68,500 resistance zone, it could start another decline. Immediate support on the downside is near the $66,700 level.<\/p>\n
The first major support is $66,200. The next support is now forming near $66,000. Any more losses might send the price toward the $65,500 support zone in the near term.<\/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 below the 50 level.<\/p>\n
Major Support Levels \u2013 $66,700, followed by $66,000.<\/p>\n
Major Resistance Levels \u2013 $68,000, and $68,500.<\/p>\n","protected":false},"excerpt":{"rendered":"
Bitcoin price extended losses below $67,500 support zone. BTC tested the $66,000 support zone and is now attempting a recovery wave. Bitcoin started another decline below the $68,500 support zone. The price is trading below $68,000 and the 100 hourly Simple moving average. There is a connecting bearish trend line forming with resistance at $68,650 on the hourly chart of the BTC\/USD pair (data feed from Kraken). The pair could recover but the upsides might be limited above the $68,500 level. Bitcoin Price Dives Bitcoin price failed to start another increase above the $68,500 resistance zone. BTC reacted to the downside and traded below the $68,000 level. There was a drop below the $67,500 and $67,000 levels. The price tested the $66,000 zone. A low was formed at $66,059 and the price is now consolidating losses above the 23.6% Fib retracement level of the downward move from the $70,143 swing high to the $66,059 low. Bitcoin is now trading below $68,500 and the 100 hourly Simple moving average. On the upside, the price is facing resistance near the $67,600 level. The first major resistance could be $68,000 and the 50% Fib retracement level of the downward move from the $70,143 swing high to the $66,059 low. The next key resistance could be $68,500. There is also a connecting bearish trend line forming with resistance at $68,650 on the hourly chart of the BTC\/USD pair. The trend line is also close to the 100 hourly Simple moving average. A clear move above the $68,500 resistance might send the price higher. In the stated case, the price could rise and test the $69,000 resistance. Any more gains might send BTC toward the $70,200 resistance in the near term. More Losses In BTC? If Bitcoin fails to climb above the $68,500 resistance zone, it could start another decline. Immediate support on the downside is near the $66,700 level. The first major support is $66,200. The next support is now forming near $66,000. Any more losses might send the price toward the $65,500 support zone in the near term. 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 below the 50 level. Major Support Levels \u2013 $66,700, followed by $66,000. Major Resistance Levels \u2013 $68,000, and $68,500.<\/p>\n","protected":false},"author":67,"featured_media":624131,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[83361,3],"tags":[428,679,1144,78790,76835],"class_list":["post-624129","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-btc","category-news","tag-bitcoin","tag-bitcoin-price","tag-btcusd","tag-btcusdt","tag-xbtusd"],"acf":[],"yoast_head":"\n
Bitcoin in Decline: Price Turns Red as Market Eyes Fed Decision<\/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