{"id":16446,"date":"2023-01-19T03:55:34","date_gmt":"2023-01-19T03:55:34","guid":{"rendered":"https:\/\/coingrafter.com\/index.php\/2023\/01\/19\/bitcoin-price-could-top-in-short-term-why-dips-might-be-attractive\/"},"modified":"2023-01-19T03:55:34","modified_gmt":"2023-01-19T03:55:34","slug":"bitcoin-price-could-top-in-short-term-why-dips-might-be-attractive","status":"publish","type":"post","link":"https:\/\/coingrafter.com\/index.php\/2023\/01\/19\/bitcoin-price-could-top-in-short-term-why-dips-might-be-attractive\/","title":{"rendered":"Bitcoin Price Could Top In Short Term, Why Dips Might Be Attractive"},"content":{"rendered":"<p> [ad_1]<br \/>\n<\/p>\n<div>\n<p><em>Bitcoin worth continues to be struggling to clear the $21,500 resistance zone. BTC may appropriate additional decrease if there&#8217;s a clear transfer under the $20,500 help zone.<\/em><\/p>\n<ul>\n<li>Bitcoin struggled to clear the $21,500 resistance zone and corrected decrease.<\/li>\n<li>The worth is buying and selling under $21,000 and the 100 hourly easy shifting common.<\/li>\n<li>There was a break under a key bullish pattern line with help close to $21,150 on the hourly chart of the BTC\/USD pair (information feed from Kraken).<\/li>\n<li>The pair may proceed to maneuver down under the $20,650 and $20,500 help ranges.<\/li>\n<\/ul>\n<h2>Bitcoin Price Starts Downside Correction<\/h2>\n<p>Bitcoin worth didn&#8217;t clear the important thing hurdle close to the $21,500 resistance zone. BTC began a <a href=\"https:\/\/newsbtc.com\/analysis\/btc\/bitcoin-price-challenge-21-5k\/\" target=\"_blank\" rel=\"noopener\">downside correction<\/a> from the $21,639 swing excessive. It traded under the $21,500 and $21,250 ranges.<\/p>\n<p>There was a break under a key bullish pattern line with help close to $21,150 on the hourly chart of the BTC\/USD pair. The worth even broke the $20,800 help zone. A low is fashioned close to $20,395 and the value is now displaying a number of bearish indicators.<\/p>\n<p>Bitcoin worth is now buying and selling under $21,000 and the <a href=\"https:\/\/newsbtc.com\/analysis\/btc\/bitcoin-price-consolidates-21k-2\/\" target=\"_blank\" rel=\"noopener\">100 hourly simple moving average<\/a>. It is consolidating above the 23.6% Fib retracement stage of the latest decline from the $21,639 swing excessive to $20,395 low.<\/p>\n<p>An quick resistance is close to the $20,850 stage. The subsequent main resistance is close to the $21,080 zone. It is close to the 50% Fib retracement stage of the latest decline from the $21,639 swing excessive to $20,395 low, above which the value may achieve bullish momentum.<\/p>\n<p><a href=\"https:\/\/newsbtc.com\/wp-content\/uploads\/2023\/01\/Bitcoin-15.png\"><img decoding=\"async\" loading=\"lazy\" class=\"alignnone size-full wp-image-516644\" src=\"https:\/\/newsbtc.com\/wp-content\/uploads\/2023\/01\/Bitcoin-15.png\" alt=\"Bitcoin Price\" width=\"1950\" height=\"1109\" srcset=\"https:\/\/newsbtc.com\/wp-content\/uploads\/2023\/01\/Bitcoin-15.png 1950w, https:\/\/newsbtc.com\/wp-content\/uploads\/2023\/01\/Bitcoin-15-460x262.png 460w, https:\/\/newsbtc.com\/wp-content\/uploads\/2023\/01\/Bitcoin-15-860x489.png 860w, https:\/\/newsbtc.com\/wp-content\/uploads\/2023\/01\/Bitcoin-15-768x437.png 768w, https:\/\/newsbtc.com\/wp-content\/uploads\/2023\/01\/Bitcoin-15-1536x874.png 1536w, https:\/\/newsbtc.com\/wp-content\/uploads\/2023\/01\/Bitcoin-15-750x427.png 750w, https:\/\/newsbtc.com\/wp-content\/uploads\/2023\/01\/Bitcoin-15-1140x648.png 1140w\" sizes=\"auto, (max-width: 1950px) 100vw, 1950px\"\/><\/a><\/p>\n<p>Source: <a href=\"https:\/\/www.tradingview.com\/symbols\/BTCUSD\/\" target=\"_blank\" rel=\"nofollow noopener\">BTCUSD on TradingView.com<\/a><\/p>\n<p>In the said case, the value might maybe rise in the direction of the $21,500 stage. Any extra good points may ship btc worth in the direction of the $22,000 stage.<\/p>\n<h2>More Losses in BTC?<\/h2>\n<p>If bitcoin worth fails to clear the $21,080 resistance, it may proceed to maneuver down. An quick help on the draw back is close to the $20,600 zone.<\/p>\n<p>The subsequent main help is close to the $20,500 zone, under which the value may speed up decrease in the direction of $20,000. Any extra losses may ship the value to $19,500, the place the bulls might probably take a stand.<\/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 under the 50 stage.<\/p>\n<p>Major Support Levels \u2013 $20,500, adopted by $20,000.<\/p>\n<p>Major Resistance Levels \u2013 $21,080, $21,250 and $21,500.<\/p>\n<\/div>\n<p>[ad_2]<br \/>\n<br \/><a href=\"https:\/\/newsbtc.com\/analysis\/btc\/bitcoin-price-could-top-21-5k\/\">Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>[ad_1] Bitcoin worth continues to be struggling to clear the $21,500 resistance zone. BTC may appropriate additional decrease if there&#8217;s a clear transfer under the $20,500 help zone. Bitcoin struggled to clear the $21,500 resistance zone and corrected decrease. The worth is buying and selling under $21,000 and the 100 hourly easy shifting common. There [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":16448,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"ocean_post_layout":"","ocean_both_sidebars_style":"","ocean_both_sidebars_content_width":0,"ocean_both_sidebars_sidebars_width":0,"ocean_sidebar":"","ocean_second_sidebar":"","ocean_disable_margins":"enable","ocean_add_body_class":"","ocean_shortcode_before_top_bar":"","ocean_shortcode_after_top_bar":"","ocean_shortcode_before_header":"","ocean_shortcode_after_header":"","ocean_has_shortcode":"","ocean_shortcode_after_title":"","ocean_shortcode_before_footer_widgets":"","ocean_shortcode_after_footer_widgets":"","ocean_shortcode_before_footer_bottom":"","ocean_shortcode_after_footer_bottom":"","ocean_display_top_bar":"default","ocean_display_header":"default","ocean_header_style":"","ocean_center_header_left_menu":"","ocean_custom_header_template":"","ocean_custom_logo":0,"ocean_custom_retina_logo":0,"ocean_custom_logo_max_width":0,"ocean_custom_logo_tablet_max_width":0,"ocean_custom_logo_mobile_max_width":0,"ocean_custom_logo_max_height":0,"ocean_custom_logo_tablet_max_height":0,"ocean_custom_logo_mobile_max_height":0,"ocean_header_custom_menu":"","ocean_menu_typo_font_family":"","ocean_menu_typo_font_subset":"","ocean_menu_typo_font_size":0,"ocean_menu_typo_font_size_tablet":0,"ocean_menu_typo_font_size_mobile":0,"ocean_menu_typo_font_size_unit":"px","ocean_menu_typo_font_weight":"","ocean_menu_typo_font_weight_tablet":"","ocean_menu_typo_font_weight_mobile":"","ocean_menu_typo_transform":"","ocean_menu_typo_transform_tablet":"","ocean_menu_typo_transform_mobile":"","ocean_menu_typo_line_height":0,"ocean_menu_typo_line_height_tablet":0,"ocean_menu_typo_line_height_mobile":0,"ocean_menu_typo_line_height_unit":"","ocean_menu_typo_spacing":0,"ocean_menu_typo_spacing_tablet":0,"ocean_menu_typo_spacing_mobile":0,"ocean_menu_typo_spacing_unit":"","ocean_menu_link_color":"","ocean_menu_link_color_hover":"","ocean_menu_link_color_active":"","ocean_menu_link_background":"","ocean_menu_link_hover_background":"","ocean_menu_link_active_background":"","ocean_menu_social_links_bg":"","ocean_menu_social_hover_links_bg":"","ocean_menu_social_links_color":"","ocean_menu_social_hover_links_color":"","ocean_disable_title":"default","ocean_disable_heading":"default","ocean_post_title":"","ocean_post_subheading":"","ocean_post_title_style":"","ocean_post_title_background_color":"","ocean_post_title_background":0,"ocean_post_title_bg_image_position":"","ocean_post_title_bg_image_attachment":"","ocean_post_title_bg_image_repeat":"","ocean_post_title_bg_image_size":"","ocean_post_title_height":0,"ocean_post_title_bg_overlay":0.5,"ocean_post_title_bg_overlay_color":"","ocean_disable_breadcrumbs":"default","ocean_breadcrumbs_color":"","ocean_breadcrumbs_separator_color":"","ocean_breadcrumbs_links_color":"","ocean_breadcrumbs_links_hover_color":"","ocean_display_footer_widgets":"default","ocean_display_footer_bottom":"default","ocean_custom_footer_template":"","ocean_post_oembed":"","ocean_post_self_hosted_media":"","ocean_post_video_embed":"","ocean_link_format":"","ocean_link_format_target":"self","ocean_quote_format":"","ocean_quote_format_link":"post","ocean_gallery_link_images":"on","ocean_gallery_id":[],"footnotes":""},"categories":[4],"tags":[1770,20,1197,110,259,2554,216],"class_list":["post-16446","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-market","tag-attractive","tag-bitcoin","tag-dips","tag-price","tag-short","tag-term","tag-top","entry","has-media","owp-thumbs-layout-horizontal","owp-btn-normal","owp-tabs-layout-horizontal","has-no-thumbnails","has-product-nav"],"_links":{"self":[{"href":"https:\/\/coingrafter.com\/index.php\/wp-json\/wp\/v2\/posts\/16446","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/coingrafter.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/coingrafter.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/coingrafter.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/coingrafter.com\/index.php\/wp-json\/wp\/v2\/comments?post=16446"}],"version-history":[{"count":1,"href":"https:\/\/coingrafter.com\/index.php\/wp-json\/wp\/v2\/posts\/16446\/revisions"}],"predecessor-version":[{"id":16447,"href":"https:\/\/coingrafter.com\/index.php\/wp-json\/wp\/v2\/posts\/16446\/revisions\/16447"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/coingrafter.com\/index.php\/wp-json\/wp\/v2\/media\/16448"}],"wp:attachment":[{"href":"https:\/\/coingrafter.com\/index.php\/wp-json\/wp\/v2\/media?parent=16446"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/coingrafter.com\/index.php\/wp-json\/wp\/v2\/categories?post=16446"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/coingrafter.com\/index.php\/wp-json\/wp\/v2\/tags?post=16446"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}