{"id":6841,"date":"2022-08-18T02:43:14","date_gmt":"2022-08-18T02:43:14","guid":{"rendered":"https:\/\/coingrafter.com\/index.php\/2022\/08\/18\/ta-bitcoin-price-wont-go-down-quietly-key-supports-to-watch\/"},"modified":"2022-08-18T02:43:14","modified_gmt":"2022-08-18T02:43:14","slug":"ta-bitcoin-price-wont-go-down-quietly-key-supports-to-watch","status":"publish","type":"post","link":"https:\/\/coingrafter.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> [ad_1]<br \/>\n<\/p>\n<div>\n<p><em>Bitcoin prolonged losses under the $23,650 help 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 under the $23,650 help.<\/li>\n<li>The worth is now buying and selling under the $23,650 degree and the 100 hourly easy shifting common.<\/li>\n<li>There is a connecting bearish development line forming with resistance close to $24,000 on the hourly chart of the BTC\/USD pair (knowledge feed from Kraken).<\/li>\n<li>The pair may prolong losses if there&#8217;s a clear transfer under the $23,200 help 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 optimistic zone above the $24,000 degree. BTC began <a href=\"https:\/\/www.newsbtc.com\/analysis\/btc\/bitcoin-price-vulnerable-24-5k\/\" target=\"_blank\" rel=\"noopener\">another decline<\/a> and traded under the $23,650 help zone.<\/p>\n<p>There was a transparent transfer under the $23,500 degree and the 100 hourly easy shifting common. Finally, the worth discovered help close to the $23,200 zone. A low was shaped close to $23,193 and the worth is now consolidating losses.<\/p>\n<p>Bitcoin worth is now buying and selling under the $23,650 degree 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, an instantaneous resistance is close to the $23,500 degree. It is close to the 23.6% Fib retracement degree of the latest 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 degree. It is close to the 50% Fib retracement degree of the latest decline from the $24,438 swing excessive to $23,193 low.<\/p>\n<p>The essential resistance is forming close to the $24,000 zone and the 100 hourly easy shifting common. There can also be a connecting bearish development 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 acknowledged case, the worth might maybe climb in direction of the $24,500 resistance. Any extra positive aspects would possibly ship the worth in direction of the $25,000 degree.<\/p>\n<h2>More Losses in BTC?<\/h2>\n<p>If bitcoin fails to clear the $24,000 resistance zone, it may proceed to maneuver down. An quick help on the draw back is close to the $23,320 degree.<\/p>\n<p>The subsequent main help now sits close to the $23,200 degree. A draw back break and shut under the $23,200 degree would possibly spark one other decline. In the acknowledged case, the worth would possibly decline in direction of the $22,750 degree.<\/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 under the 50 degree.<\/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>[ad_2]<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>[ad_1] Bitcoin prolonged losses under the $23,650 help 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 under the $23,650 help. The worth is now buying and selling under the $23,650 degree and the 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