{"id":11003,"date":"2022-10-19T03:10:28","date_gmt":"2022-10-19T03:10:28","guid":{"rendered":"https:\/\/coingrafter.com\/index.php\/2022\/10\/19\/bitcoin-price-stuck-in-key-range-why-the-bulls-are-comfortable\/"},"modified":"2022-10-19T03:10:28","modified_gmt":"2022-10-19T03:10:28","slug":"bitcoin-price-stuck-in-key-range-why-the-bulls-are-comfortable","status":"publish","type":"post","link":"https:\/\/coingrafter.com\/index.php\/2022\/10\/19\/bitcoin-price-stuck-in-key-range-why-the-bulls-are-comfortable\/","title":{"rendered":"Bitcoin Price Stuck In Key Range, Why The Bulls Are Comfortable"},"content":{"rendered":"<p> [ad_1]<br \/>\n<\/p>\n<div wp_automatic_readability=\"88.216745197535\">\n<p><em>Bitcoin value corrected decrease beneath the $19,500 degree in opposition to the US Dollar. BTC stays in a key vary and buying and selling above the $19,000 assist zone.<\/em><\/p>\n<ul>\n<li>Bitcoin failed to realize power above $19,600 and corrected features.<\/li>\n<li>The value is buying and selling close to $19,250 and the 100 hourly easy transferring common.<\/li>\n<li>There was a break beneath a key bullish pattern line with assist close to $19,400 on the hourly chart of the BTC\/USD pair (information feed from Kraken).<\/li>\n<li>The pair may try a recent enhance until there&#8217;s a clear transfer beneath the $19,000 assist.<\/li>\n<\/ul>\n<h2>Bitcoin Price Remains Supported<\/h2>\n<p><a href=\"https:\/\/www.newsbtc.com\/analysis\/btc\/bitcoin-price-is-rising-20k\/\" target=\"_blank\" rel=\"noopener\">Bitcoin price made an attempt to gain pace<\/a> above the $19,500 resistance zone. BTC even spiked above the $19,600 degree, however there was no comply with by means of transfer.<\/p>\n<p>The value shaped a excessive close to $19,696 and began a draw back correction. There was a transfer beneath the $19,500 and $19,400 ranges. Besides, there was a break beneath a key bullish pattern line with assist close to $19,400 on the hourly chart of the BTC\/USD pair.<\/p>\n<p>Bitcoin value traded as little as $19,110 and is at present buying and selling in a variety. It is buying and selling close to $19,250 and the <a href=\"https:\/\/www.newsbtc.com\/analysis\/btc\/bitcoin-price-lacks-momentum-20k-2\/\" target=\"_blank\" rel=\"noopener\">100 hourly simple moving average<\/a>. There was a break above the 23.6% Fib retracement degree of the current decline from the $19,696 swing excessive to $19,110 low.<\/p>\n<p>On the upside, an instantaneous resistance is close to the $19,400 degree. It is near the 50% Fib retracement degree of the current decline from the $19,696 swing excessive to $19,110 low.<\/p>\n<p><a href=\"https:\/\/www.newsbtc.com\/wp-content\/uploads\/2022\/10\/Bitcoin-14.png\"><img decoding=\"async\" loading=\"lazy\" class=\"alignnone size-full wp-image-506921\" src=\"https:\/\/www.newsbtc.com\/wp-content\/uploads\/2022\/10\/Bitcoin-14.png\" alt=\"Bitcoin Price\" width=\"1834\" height=\"845\" srcset=\"https:\/\/www.newsbtc.com\/wp-content\/uploads\/2022\/10\/Bitcoin-14.png 1834w, https:\/\/www.newsbtc.com\/wp-content\/uploads\/2022\/10\/Bitcoin-14-460x212.png 460w, https:\/\/www.newsbtc.com\/wp-content\/uploads\/2022\/10\/Bitcoin-14-860x396.png 860w, https:\/\/www.newsbtc.com\/wp-content\/uploads\/2022\/10\/Bitcoin-14-768x354.png 768w, https:\/\/www.newsbtc.com\/wp-content\/uploads\/2022\/10\/Bitcoin-14-1536x708.png 1536w, https:\/\/www.newsbtc.com\/wp-content\/uploads\/2022\/10\/Bitcoin-14-750x346.png 750w, https:\/\/www.newsbtc.com\/wp-content\/uploads\/2022\/10\/Bitcoin-14-1140x525.png 1140w\" sizes=\"auto, (max-width: 1834px) 100vw, 1834px\"\/><\/a><\/p>\n<p>Source: <a href=\"https:\/\/www.tradingview.com\/symbols\/BTCUSD\/\" target=\"_blank\" rel=\"noopener\">BTCUSD on TradingView.com<\/a><\/p>\n<p>The first main resistance sits close to the $19,680 degree. A transparent transfer above the $19,680 resistance may begin a good enhance. In the acknowledged case, the value might maybe check the $20,000 resistance. Any extra features may begin a gentle enhance in the direction of the $21,200 resistance zone.<\/p>\n<h2>Downside Break in BTC?<\/h2>\n<p>If bitcoin fails to rise above the $19,400 resistance zone, it may proceed to maneuver down. An rapid assist on the draw back is close to the $19,100 zone.<\/p>\n<p>The subsequent main assist is close to the $19,000 zone. A draw back break and shut beneath the $19,000 assist zone may begin a significant decline. In the acknowledged case, the value may decline in the direction of the $18,500 assist zone.<\/p>\n<p>Technical indicators:<\/p>\n<p>Hourly MACD \u2013 The MACD is now dropping tempo within the bearish zone.<\/p>\n<p>Hourly RSI (Relative Strength Index) \u2013 The RSI for BTC\/USD is now beneath the 50 degree.<\/p>\n<p>Major Support Levels \u2013 $19,100, adopted by $19,000.<\/p>\n<p>Major Resistance Levels \u2013 $19,400, $19,680 and $20,000.<\/p>\n<\/p><\/div>\n<p>[ad_2]<br \/>\n<br \/><a href=\"https:\/\/www.newsbtc.com\/analysis\/btc\/bitcoin-price-key-range-19k\/\">Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>[ad_1] Bitcoin value corrected decrease beneath the $19,500 degree in opposition to the US Dollar. BTC stays in a key vary and buying and selling above the $19,000 assist zone. Bitcoin failed to realize power above $19,600 and corrected features. The value is buying and selling close to $19,250 and the 100 hourly easy transferring 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