{"id":8177,"date":"2022-09-07T03:11:19","date_gmt":"2022-09-07T03:11:19","guid":{"rendered":"https:\/\/freakcryptos.com\/index.php\/2022\/09\/07\/bitcoin-price-breakdown-looks-real-why-btc-could-dive-to-18k\/"},"modified":"2022-09-07T03:11:19","modified_gmt":"2022-09-07T03:11:19","slug":"bitcoin-price-breakdown-looks-real-why-btc-could-dive-to-18k","status":"publish","type":"post","link":"https:\/\/freakcryptos.com\/index.php\/2022\/09\/07\/bitcoin-price-breakdown-looks-real-why-btc-could-dive-to-18k\/","title":{"rendered":"Bitcoin Price Breakdown Looks Real, Why BTC Could Dive To $18K"},"content":{"rendered":"<p> <br \/>\n<\/p>\n<div wp_automatic_readability=\"88.749219968799\">\n<p><em>Bitcoin broke the important thing $19,500 help in opposition to the US Dollar. BTC is displaying bearish indicators and stays at a threat of a transfer in the direction of the $18,000 stage.<\/em><\/p>\n<ul>\n<li>Bitcoin failed to begin a recent enhance and declined under the $19,500 help.<\/li>\n<li>The worth is now buying and selling under the $19,000 stage and the 100 hourly easy transferring common.<\/li>\n<li>There is a connecting bearish development line forming with resistance close to $19,420 on the hourly chart of the BTC\/USD pair (information feed from Kraken).<\/li>\n<li>The pair may appropriate larger, however upsides is perhaps restricted above $19,500.<\/li>\n<\/ul>\n<h2>Bitcoin Price Takes A Hit<\/h2>\n<p>Bitcoin worth failed to achieve tempo for a transfer above the <a href=\"https:\/\/www.newsbtc.com\/analysis\/btc\/bitcoin-price-holds-strong-20k\/\" target=\"_blank\" rel=\"noopener\">$20,500 and $20,550 resistance levels<\/a>. There had been many failed makes an attempt, sparking a draw back response under the important thing $19,500 help zone.<\/p>\n<p>There was a <a href=\"https:\/\/www.newsbtc.com\/analysis\/btc\/bitcoin-price-risk-of-breakdown-20k\/\" target=\"_blank\" rel=\"noopener\">sharp decline below the $19,500 support<\/a> and the 100 hourly easy transferring common. The worth declined under the $19,200 and $19,000 ranges. A low is fashioned close to $18,670 and the value is now consolidating losses.<\/p>\n<p>It is now buying and selling under the $19,000 stage and the 100 hourly easy transferring common. On the upside, an instantaneous resistance is close to the $19,000 stage. It is close to the 23.6% Fib retracement stage of the current decline from the $20,171 swing excessive to $18,670 low.<\/p>\n<p>The subsequent main resistance sits close to the $19,400 stage. There can also be a connecting bearish development line forming with resistance close to $19,420 on the hourly chart of the BTC\/USD pair.<\/p>\n<p><a href=\"https:\/\/www.newsbtc.com\/wp-content\/uploads\/2022\/09\/Bitcoin-6.png\"><img decoding=\"async\" loading=\"lazy\" class=\"alignnone size-full wp-image-501327\" src=\"https:\/\/www.newsbtc.com\/wp-content\/uploads\/2022\/09\/Bitcoin-6.png\" alt=\"Bitcoin Price\" width=\"1834\" height=\"845\" srcset=\"https:\/\/www.newsbtc.com\/wp-content\/uploads\/2022\/09\/Bitcoin-6.png 1834w, https:\/\/www.newsbtc.com\/wp-content\/uploads\/2022\/09\/Bitcoin-6-460x212.png 460w, https:\/\/www.newsbtc.com\/wp-content\/uploads\/2022\/09\/Bitcoin-6-860x396.png 860w, https:\/\/www.newsbtc.com\/wp-content\/uploads\/2022\/09\/Bitcoin-6-768x354.png 768w, https:\/\/www.newsbtc.com\/wp-content\/uploads\/2022\/09\/Bitcoin-6-1536x708.png 1536w, https:\/\/www.newsbtc.com\/wp-content\/uploads\/2022\/09\/Bitcoin-6-750x346.png 750w, https:\/\/www.newsbtc.com\/wp-content\/uploads\/2022\/09\/Bitcoin-6-1140x525.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>The development line is close to the 50% Fib retracement stage of the current decline from the $20,171 swing excessive to $18,670 low. Any extra good points would possibly ship the value in the direction of the $19,800 resistance zone and the 100 hourly easy transferring common.<\/p>\n<h2>More Losses in BTC?<\/h2>\n<p>If bitcoin fails to begin a restoration wave above the $19,000 zone, it may proceed to maneuver down. An instant help on the draw back is close to the $18,650 zone.<\/p>\n<p>The subsequent main help sits close to the $18,500 stage. A draw back break under the $18,500 help would possibly spark extra downsides. In the said case, the value might maybe take a look at the $18,000 help.<\/p>\n<p>Technical indicators:<\/p>\n<p>Hourly MACD \u2013 The MACD is now gaining tempo within the bearish zone.<\/p>\n<p>Hourly RSI (Relative Strength Index) \u2013 The RSI for BTC\/USD is now under the 50 stage.<\/p>\n<p>Major Support Levels \u2013 $18,650, adopted by $18,500.<\/p>\n<p>Major Resistance Levels \u2013 $19,000, $19,400 and $19,500.<\/p>\n<\/p><\/div>\n<p><br \/>\n<br \/><a href=\"https:\/\/www.newsbtc.com\/analysis\/btc\/bitcoin-price-breakdown-18k\/\">Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Bitcoin broke the important thing $19,500 help in opposition to the US Dollar. BTC is displaying bearish indicators and stays at a threat of a transfer in the direction of the $18,000 stage. Bitcoin failed to begin a recent enhance and declined under the $19,500 help. The worth is now buying and selling under the [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":8179,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[4046,20,2906,31,663,110,46],"class_list":{"0":"post-8177","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-market","8":"tag-18k","9":"tag-bitcoin","10":"tag-breakdown","11":"tag-btc","12":"tag-dive","13":"tag-price","14":"tag-real"},"_links":{"self":[{"href":"https:\/\/freakcryptos.com\/index.php\/wp-json\/wp\/v2\/posts\/8177","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=8177"}],"version-history":[{"count":1,"href":"https:\/\/freakcryptos.com\/index.php\/wp-json\/wp\/v2\/posts\/8177\/revisions"}],"predecessor-version":[{"id":8178,"href":"https:\/\/freakcryptos.com\/index.php\/wp-json\/wp\/v2\/posts\/8177\/revisions\/8178"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/freakcryptos.com\/index.php\/wp-json\/wp\/v2\/media\/8179"}],"wp:attachment":[{"href":"https:\/\/freakcryptos.com\/index.php\/wp-json\/wp\/v2\/media?parent=8177"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/freakcryptos.com\/index.php\/wp-json\/wp\/v2\/categories?post=8177"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/freakcryptos.com\/index.php\/wp-json\/wp\/v2\/tags?post=8177"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}