{"id":4804,"date":"2022-07-14T03:55:33","date_gmt":"2022-07-14T03:55:33","guid":{"rendered":"https:\/\/coingrafter.com\/index.php\/2022\/07\/14\/bitcoin-price-reclaims-20k-can-btc-surpass-the-100-sma\/"},"modified":"2022-07-14T03:55:33","modified_gmt":"2022-07-14T03:55:33","slug":"bitcoin-price-reclaims-20k-can-btc-surpass-the-100-sma","status":"publish","type":"post","link":"https:\/\/coingrafter.com\/index.php\/2022\/07\/14\/bitcoin-price-reclaims-20k-can-btc-surpass-the-100-sma\/","title":{"rendered":"Bitcoin Price Reclaims $20K, Can BTC Surpass The 100 SMA"},"content":{"rendered":"<p> [ad_1]<br \/>\n<\/p>\n<div>\n<p><em>Bitcoin prolonged losses and traded beneath $19,200 in opposition to the US Dollar. BTC discovered help close to $19,000 and began an upside correction.<\/em><\/p>\n<ul>\n<li>Bitcoin traded as little as $18,916 and began an upside correction.<\/li>\n<li>The worth is now buying and selling above the $20,000 stage and testing the 100 hourly easy transferring common.<\/li>\n<li>There was a break above a key bearish pattern line with resistance close to $19,400 on the hourly chart of the BTC\/USD pair (information feed from Kraken).<\/li>\n<li>The pair may acquire bullish momentum if it clears the 100 hourly SMA and $20,600.<\/li>\n<\/ul>\n<h2>Bitcoin Price Recovers Above $20K<\/h2>\n<p>Bitcoin worth began a <a href=\"https:\/\/www.newsbtc.com\/analysis\/btc\/bitcoin-price-could-recover-20k\/\" target=\"_blank\" rel=\"noopener\">fresh decline<\/a> beneath the $20,000 help zone. The worth even broke the $19,600 and $19,250 help ranges.<\/p>\n<p>Finally, there was a spike beneath the $19,000 stage. A low was shaped close to $18,916 and the value is now correcting losses. There was a gradual transfer above the $19,250 and $19,500 ranges. The bulls pumped the value above the 23.6% Fib retracement stage of the downward transfer from the $22,499 swing excessive to $18,916 low.<\/p>\n<p>Besides, there was a break above a key bearish pattern line with resistance close to $19,400 on the hourly chart of the BTC\/USD pair. The worth even climbed above the $20,000 resistance stage.<\/p>\n<p>Bitcoin is now buying and selling above the $20,000 stage and testing the <a href=\"https:\/\/www.newsbtc.com\/analysis\/btc\/bitcoin-price-takes-a-hit-20k\/\" target=\"_blank\" rel=\"noopener\">100 hourly simple moving average<\/a>. It appears to be going through resistance close to the $20,350 stage. On the upside, the value may resistance close to the $20,600 stage. The subsequent key resistance is close to the $20,700 zone.<\/p>\n<p>The 50% Fib retracement stage of the downward transfer from the $22,499 swing excessive to $18,916 low can also be close to the $20,700 stage. An in depth above the $20,700 resistance zone may set the tempo for an honest improve.<\/p>\n<p><a href=\"https:\/\/www.newsbtc.com\/wp-content\/uploads\/2022\/07\/Bitcoin-11.png\"><img decoding=\"async\" loading=\"lazy\" class=\"alignnone size-full wp-image-495637\" src=\"https:\/\/www.newsbtc.com\/wp-content\/uploads\/2022\/07\/Bitcoin-11.png\" alt=\"Bitcoin Price\" width=\"1834\" height=\"845\" srcset=\"https:\/\/www.newsbtc.com\/wp-content\/uploads\/2022\/07\/Bitcoin-11.png 1834w, https:\/\/www.newsbtc.com\/wp-content\/uploads\/2022\/07\/Bitcoin-11-460x212.png 460w, https:\/\/www.newsbtc.com\/wp-content\/uploads\/2022\/07\/Bitcoin-11-860x396.png 860w, https:\/\/www.newsbtc.com\/wp-content\/uploads\/2022\/07\/Bitcoin-11-768x354.png 768w, https:\/\/www.newsbtc.com\/wp-content\/uploads\/2022\/07\/Bitcoin-11-1536x708.png 1536w, https:\/\/www.newsbtc.com\/wp-content\/uploads\/2022\/07\/Bitcoin-11-750x346.png 750w, https:\/\/www.newsbtc.com\/wp-content\/uploads\/2022\/07\/Bitcoin-11-1140x525.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 acknowledged case, the value could maybe rise in the direction of the $21,650 stage. The subsequent main resistance sits close to the $22,000 stage.<\/p>\n<h2>Fresh Decline in BTC?<\/h2>\n<p>If bitcoin fails to begin a restoration wave above the $20,600 stage, it may begin a contemporary decline. An rapid help on the draw back is close to the $20,000 stage.<\/p>\n<p>The subsequent main help now sits close to the $19,500 stage. An in depth beneath the $19,500 help zone may speed up losses. In the acknowledged case, there&#8217;s a threat of a transfer in the direction of the $18,800 stage.<\/p>\n<p>Technical indicators:<\/p>\n<p>Hourly MACD \u2013 The MACD is now gaining tempo within the bullish zone.<\/p>\n<p>Hourly RSI (Relative Strength Index) \u2013 The RSI for BTC\/USD is now above the 50 stage.<\/p>\n<p>Major Support Levels \u2013 $20,000, adopted by $19,500.<\/p>\n<p>Major Resistance Levels \u2013 $20,350, $20,600 and $20,700.<\/p>\n<\/div>\n<p>[ad_2]<br \/>\n<br \/><a href=\"https:\/\/www.newsbtc.com\/analysis\/btc\/bitcoin-price-reclaims-20k\/\">Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>[ad_1] Bitcoin prolonged losses and traded beneath $19,200 in opposition to the US Dollar. BTC discovered help close to $19,000 and began an upside correction. Bitcoin traded as little as $18,916 and began an upside correction. The worth is now buying and selling above the $20,000 stage and testing the 100 hourly easy transferring common. 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