{"id":6917,"date":"2022-08-18T02:37:51","date_gmt":"2022-08-18T02:37:51","guid":{"rendered":"https:\/\/freakcryptos.com\/index.php\/2022\/08\/18\/ta-bitcoin-price-wont-go-down-quietly-key-supports-to-watch\/"},"modified":"2022-08-18T02:37:51","modified_gmt":"2022-08-18T02:37:51","slug":"ta-bitcoin-price-wont-go-down-quietly-key-supports-to-watch","status":"publish","type":"post","link":"https:\/\/freakcryptos.com\/index.php\/2022\/08\/18\/ta-bitcoin-price-wont-go-down-quietly-key-supports-to-watch\/","title":{"rendered":"TA: Bitcoin Price Won&#8217;t Go Down Quietly: Key Supports To Watch"},"content":{"rendered":"<p> <br \/>\n<\/p>\n<div>\n<p><em>Bitcoin prolonged losses beneath the $23,650 assist zone towards the US Dollar. BTC should keep above $23,200 to keep away from extra losses within the close to time period.<\/em><\/p>\n<ul>\n<li>Bitcoin remained in a bearish zone and traded beneath the $23,650 assist.<\/li>\n<li>The worth is now buying and selling beneath the $23,650 stage and the 100 hourly easy shifting common.<\/li>\n<li>There is a connecting bearish pattern line forming with resistance close to $24,000 on the hourly chart of the BTC\/USD pair (information feed from Kraken).<\/li>\n<li>The pair might lengthen losses if there&#8217;s a clear transfer beneath the $23,200 assist within the close to time period.<\/li>\n<\/ul>\n<h2>Bitcoin Price Drops Further<\/h2>\n<p>Bitcoin worth failed to remain in a constructive zone above the $24,000 stage. BTC began <a href=\"https:\/\/www.newsbtc.com\/analysis\/btc\/bitcoin-price-vulnerable-24-5k\/\" target=\"_blank\" rel=\"noopener\">another decline<\/a> and traded beneath the $23,650 assist zone.<\/p>\n<p>There was a transparent transfer beneath the $23,500 stage and the 100 hourly easy shifting common. Finally, the value discovered assist close to the $23,200 zone. A low was shaped close to $23,193 and the value is now consolidating losses.<\/p>\n<p>Bitcoin worth is now buying and selling beneath the $23,650 stage and the <a href=\"https:\/\/www.newsbtc.com\/analysis\/btc\/bitcoin-price-bearish-reaction-24k\/\" target=\"_blank\" rel=\"noopener\">100 hourly simple moving average<\/a>. On the upside, a direct resistance is close to the $23,500 stage. It is close to the 23.6% Fib retracement stage of the current decline from the $24,438 swing excessive to $23,193 low.<\/p>\n<p>The first main resistance on the upside sits close to the $23,800 stage. It is close to the 50% Fib retracement stage of the current decline from the $24,438 swing excessive to $23,193 low.<\/p>\n<p>The predominant resistance is forming close to the $24,000 zone and the 100 hourly easy shifting common. There can also be a connecting bearish pattern line forming with resistance close to $24,000 on the hourly chart of the BTC\/USD pair. A detailed above the $23,800 and $24,000 resistance ranges would possibly begin one other enhance.<\/p>\n<p><a href=\"https:\/\/www.newsbtc.com\/wp-content\/uploads\/2022\/08\/Bitcoin-13.png\"><img decoding=\"async\" loading=\"lazy\" class=\"alignnone size-full wp-image-499110\" src=\"https:\/\/www.newsbtc.com\/wp-content\/uploads\/2022\/08\/Bitcoin-13.png\" alt=\"Bitcoin Price\" width=\"1834\" height=\"845\" srcset=\"https:\/\/www.newsbtc.com\/wp-content\/uploads\/2022\/08\/Bitcoin-13.png 1834w, https:\/\/www.newsbtc.com\/wp-content\/uploads\/2022\/08\/Bitcoin-13-460x212.png 460w, https:\/\/www.newsbtc.com\/wp-content\/uploads\/2022\/08\/Bitcoin-13-860x396.png 860w, https:\/\/www.newsbtc.com\/wp-content\/uploads\/2022\/08\/Bitcoin-13-768x354.png 768w, https:\/\/www.newsbtc.com\/wp-content\/uploads\/2022\/08\/Bitcoin-13-1536x708.png 1536w, https:\/\/www.newsbtc.com\/wp-content\/uploads\/2022\/08\/Bitcoin-13-750x346.png 750w, https:\/\/www.newsbtc.com\/wp-content\/uploads\/2022\/08\/Bitcoin-13-1140x525.png 1140w\" sizes=\"auto, (max-width: 1834px) 100vw, 1834px\"\/><\/a><\/p>\n<pre>Source: <a href=\"https:\/\/www.tradingview.com\/symbols\/BTCUSD\/\" target=\"_blank\" rel=\"noopener\">BTCUSD on TradingView.com<\/a><\/pre>\n<p>In the said case, the value might maybe climb in direction of the $24,500 resistance. Any extra beneficial properties would possibly ship the value in direction of the $25,000 stage.<\/p>\n<h2>More Losses in BTC?<\/h2>\n<p>If bitcoin fails to clear the $24,000 resistance zone, it might proceed to maneuver down. An rapid assist on the draw back is close to the $23,320 stage.<\/p>\n<p>The subsequent main assist now sits close to the $23,200 stage. A draw back break and shut beneath the $23,200 stage would possibly spark one other decline. In the said case, the value would possibly decline in direction of the $22,750 stage.<\/p>\n<p>Technical indicators:<\/p>\n<p>Hourly MACD \u2013 The MACD is now shedding tempo within the bearish zone.<\/p>\n<p>Hourly RSI (Relative Strength Index) \u2013 The RSI for BTC\/USD is now beneath the 50 stage.<\/p>\n<p>Major Support Levels \u2013 $23,320, adopted by $23,200.<\/p>\n<p>Major Resistance Levels \u2013 $23,500, $23,800 and $24,000.<\/p>\n<\/div>\n<p><br \/>\n<br \/><a href=\"https:\/\/www.newsbtc.com\/analysis\/btc\/bitcoin-price-supports-watch-23-2k\/\">Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Bitcoin prolonged losses beneath the $23,650 assist zone towards the US Dollar. BTC should keep above $23,200 to keep away from extra losses within the close to time period. Bitcoin remained in a bearish zone and traded beneath the $23,650 assist. The worth is now buying and selling beneath the $23,650 stage and the 100 [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":4403,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[20,336,110,3699,1837,1036,273],"class_list":{"0":"post-6917","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-market","8":"tag-bitcoin","9":"tag-key","10":"tag-price","11":"tag-quietly","12":"tag-supports","13":"tag-watch","14":"tag-wont"},"_links":{"self":[{"href":"https:\/\/freakcryptos.com\/index.php\/wp-json\/wp\/v2\/posts\/6917","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/freakcryptos.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/freakcryptos.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/freakcryptos.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/freakcryptos.com\/index.php\/wp-json\/wp\/v2\/comments?post=6917"}],"version-history":[{"count":1,"href":"https:\/\/freakcryptos.com\/index.php\/wp-json\/wp\/v2\/posts\/6917\/revisions"}],"predecessor-version":[{"id":6918,"href":"https:\/\/freakcryptos.com\/index.php\/wp-json\/wp\/v2\/posts\/6917\/revisions\/6918"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/freakcryptos.com\/index.php\/wp-json\/wp\/v2\/media\/4403"}],"wp:attachment":[{"href":"https:\/\/freakcryptos.com\/index.php\/wp-json\/wp\/v2\/media?parent=6917"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/freakcryptos.com\/index.php\/wp-json\/wp\/v2\/categories?post=6917"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/freakcryptos.com\/index.php\/wp-json\/wp\/v2\/tags?post=6917"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}