{"id":7748,"date":"2022-09-01T03:09:23","date_gmt":"2022-09-01T03:09:23","guid":{"rendered":"https:\/\/coingrafter.com\/index.php\/2022\/09\/01\/bitcoin-bears-keep-pushing-why-btc-is-at-make-or-break-levels\/"},"modified":"2022-09-01T03:09:23","modified_gmt":"2022-09-01T03:09:23","slug":"bitcoin-bears-keep-pushing-why-btc-is-at-make-or-break-levels","status":"publish","type":"post","link":"https:\/\/coingrafter.com\/index.php\/2022\/09\/01\/bitcoin-bears-keep-pushing-why-btc-is-at-make-or-break-levels\/","title":{"rendered":"Bitcoin Bears Keep Pushing, Why BTC Is At Make-or-Break Levels"},"content":{"rendered":"<p> [ad_1]<br \/>\n<\/p>\n<div>\n<p><em>Bitcoin continues to be consolidating close to the $20,000 zone towards the US Dollar. BTC should clear the $20,550 resistance zone to start out a gradual enhance.<\/em><\/p>\n<ul>\n<li>Bitcoin continues to be struggling to realize tempo above the $20,550 resistance.<\/li>\n<li>The value is now buying and selling close to the $20,000 stage and the 100 hourly easy transferring common.<\/li>\n<li>There is a key bearish pattern line forming with resistance close to $20,330 on the hourly chart of the BTC\/USD pair (information feed from Kraken).<\/li>\n<li>The pair should clear the $20,350 zone and $20,550 to start out a recent enhance.<\/li>\n<\/ul>\n<h2>Bitcoin Price Faces Hurdles<\/h2>\n<p>Bitcoin value remained effectively supported above the <a href=\"https:\/\/www.newsbtc.com\/analysis\/btc\/bitcoin-price-correction-to-22k\/\" target=\"_blank\" rel=\"noopener\">$19,550 zone<\/a>. BTC fashioned a base and began a recent upward transfer above the $20,000 resistance zone.<\/p>\n<p>There was a push above the $20,200 stage and the 100 hourly easy transferring common. The value even cleared the 61.8% Fib retracement stage of the downward transfer from the $20,576 swing excessive to $19,555 low. However, the value stayed under the $20,550 resistance zone.<\/p>\n<p>Bitcoin value is now buying and selling close to the $20,000 stage and the <a href=\"https:\/\/www.newsbtc.com\/analysis\/btc\/bitcoin-price-reclaims-20k-2\/\" target=\"_blank\" rel=\"noopener\">100 hourly simple moving average<\/a>. On the upside, an instantaneous resistance is close to the $20,350 stage.<\/p>\n<p>There can also be a key bearish pattern line forming with resistance close to $20,330 on the hourly chart of the BTC\/USD pair. The pattern line is close to the 76.4% Fib retracement stage of the downward transfer from the $20,576 swing excessive to $19,555 low.<\/p>\n<p><a href=\"https:\/\/www.newsbtc.com\/wp-content\/uploads\/2022\/09\/Bitcoin.png\"><img decoding=\"async\" loading=\"lazy\" class=\"alignnone size-full wp-image-500701\" src=\"https:\/\/www.newsbtc.com\/wp-content\/uploads\/2022\/09\/Bitcoin.png\" alt=\"Bitcoin Price\" width=\"1834\" height=\"845\" srcset=\"https:\/\/www.newsbtc.com\/wp-content\/uploads\/2022\/09\/Bitcoin.png 1834w, https:\/\/www.newsbtc.com\/wp-content\/uploads\/2022\/09\/Bitcoin-460x212.png 460w, https:\/\/www.newsbtc.com\/wp-content\/uploads\/2022\/09\/Bitcoin-860x396.png 860w, https:\/\/www.newsbtc.com\/wp-content\/uploads\/2022\/09\/Bitcoin-768x354.png 768w, https:\/\/www.newsbtc.com\/wp-content\/uploads\/2022\/09\/Bitcoin-1536x708.png 1536w, https:\/\/www.newsbtc.com\/wp-content\/uploads\/2022\/09\/Bitcoin-750x346.png 750w, https:\/\/www.newsbtc.com\/wp-content\/uploads\/2022\/09\/Bitcoin-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 subsequent main resistance sits close to the $20,550 and $20,575 ranges. A transparent transfer above the $20,575 resistance would possibly ship the value in direction of $21,000. Any extra good points would possibly begin a gradual transfer in direction of the $22,000 resistance zone.<\/p>\n<h2>Fresh Decline in BTC?<\/h2>\n<p>If bitcoin fails to clear the $20,550 resistance zone, it may begin one other decline. An fast help on the draw back is close to the $20,000 zone.<\/p>\n<p>The subsequent main help sits close to the $19,800 stage. The fundamental help sits close to the $19,550 stage. A break under the $19,550 help would possibly spark a pointy transfer to $19,000. Any extra losses would possibly name for a transfer to $18,500 within the close to time period.<\/p>\n<p>Technical indicators:<\/p>\n<p>Hourly MACD \u2013 The MACD is now dropping tempo within the bullish 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 $19,880, adopted by $19,500.<\/p>\n<p>Major Resistance Levels \u2013 $20,350, $20,550 and $21,000.<\/p>\n<\/div>\n<p>[ad_2]<br \/>\n<br \/><a href=\"https:\/\/www.newsbtc.com\/analysis\/btc\/bitcoin-btc-make-or-break-levels-20k\/\">Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>[ad_1] Bitcoin continues to be consolidating close to the $20,000 zone towards the US Dollar. BTC should clear the $20,550 resistance zone to start out a gradual enhance. Bitcoin continues to be struggling to realize tempo above the $20,550 resistance. The value is now buying and selling close to the $20,000 stage and the 100 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