{"id":8776,"date":"2022-09-16T03:53:26","date_gmt":"2022-09-16T03:53:26","guid":{"rendered":"https:\/\/coingrafter.com\/index.php\/2022\/09\/16\/bitcoin-price-turns-red-as-bears-take-over-crypto-market\/"},"modified":"2022-09-16T03:53:26","modified_gmt":"2022-09-16T03:53:26","slug":"bitcoin-price-turns-red-as-bears-take-over-crypto-market","status":"publish","type":"post","link":"https:\/\/coingrafter.com\/index.php\/2022\/09\/16\/bitcoin-price-turns-red-as-bears-take-over-crypto-market\/","title":{"rendered":"Bitcoin Price Turns Red as Bears Take Over Crypto Market"},"content":{"rendered":"<p> [ad_1]<br \/>\n<\/p>\n<div wp_automatic_readability=\"100.0790051207\">\n<p><em>Bitcoin is exhibiting bearish indicators under the $20,000 help zone in opposition to the US Dollar. BTC might speed up additional decrease under the $19,500 help zone.<\/em><\/p>\n<ul>\n<li>Bitcoin began a recent decline and traded under the $20,000 help.<\/li>\n<li>The worth is now buying and selling under $20,200 and the 100 hourly easy transferring common.<\/li>\n<li>There is a serious bearish development line forming with resistance close to $20,050 on the hourly chart of the BTC\/USD pair (knowledge feed from Kraken).<\/li>\n<li>The pair might begin a considerable decline if it breaks the $19,500 help zone.<\/li>\n<\/ul>\n<h2>Bitcoin Price Remains At Risk<\/h2>\n<p>Bitcoin worth tried a restoration wave above the <a href=\"https:\/\/www.newsbtc.com\/analysis\/btc\/bitcoin-price-at-major-risk-20k\/\" target=\"_blank\" rel=\"noopener\">$20,300 resistance level<\/a>. However, there was no upside break and the worth remained in a bearish zone under $20,500.<\/p>\n<p>Recently, Ethereum noticed a serious bearish response under the $1,500 help. As a end result, BTC additionally moved a couple of factors decrease and declined under the $20,000 help. It even traded under the $19,600 and examined the $19,500 help zone.<\/p>\n<p>A low is fashioned close to $19,509 and the worth is now consolidating losses. Bitcoin worth is now buying and selling under $20,200 and the 100 hourly easy transferring common.<\/p>\n<p>On the upside, an instantaneous resistance is close to the $20,000 stage. There can be a serious bearish development line forming with resistance close to $20,050 on the hourly chart of the BTC\/USD pair. Besides, the 23.6% Fib retracement stage of the primary decline from the $22,790 swing excessive to $19,509 low is simply above the development line.<\/p>\n<p>The subsequent main resistance sits close to the $21,000 stage and the <a href=\"https:\/\/www.newsbtc.com\/analysis\/btc\/bitcoin-price-trims-gains-20k\/\" target=\"_blank\" rel=\"noopener\">100 hourly simple moving average<\/a>. It coincides with the 50% Fib retracement stage of the primary decline from the $22,790 swing excessive to $19,509 low.<\/p>\n<p><a href=\"https:\/\/www.newsbtc.com\/wp-content\/uploads\/2022\/09\/Bitcoin-19.png\"><img decoding=\"async\" loading=\"lazy\" class=\"alignnone size-full wp-image-502501\" src=\"https:\/\/www.newsbtc.com\/wp-content\/uploads\/2022\/09\/Bitcoin-19.png\" alt=\"Bitcoin Price\" width=\"1834\" height=\"845\" srcset=\"https:\/\/www.newsbtc.com\/wp-content\/uploads\/2022\/09\/Bitcoin-19.png 1834w, https:\/\/www.newsbtc.com\/wp-content\/uploads\/2022\/09\/Bitcoin-19-460x212.png 460w, https:\/\/www.newsbtc.com\/wp-content\/uploads\/2022\/09\/Bitcoin-19-860x396.png 860w, https:\/\/www.newsbtc.com\/wp-content\/uploads\/2022\/09\/Bitcoin-19-768x354.png 768w, https:\/\/www.newsbtc.com\/wp-content\/uploads\/2022\/09\/Bitcoin-19-1536x708.png 1536w, https:\/\/www.newsbtc.com\/wp-content\/uploads\/2022\/09\/Bitcoin-19-750x346.png 750w, https:\/\/www.newsbtc.com\/wp-content\/uploads\/2022\/09\/Bitcoin-19-1140x525.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>A detailed above the $21,000 resistance would possibly begin a recent enhance. In the acknowledged case, the worth might maybe rise in the direction of $21,400. Any extra beneficial properties would possibly ship the worth in the direction of the $22,000 resistance zone.<\/p>\n<h2>More Losses in BTC?<\/h2>\n<p>If bitcoin fails to start out a restoration wave above the $20,000 resistance zone, it might proceed to maneuver down. An fast help on the draw back is close to the $19,500 zone.<\/p>\n<p>The subsequent main help is close to the $19,200 ranges. A transparent transfer under the $19,500 and $19,200 ranges would possibly open the doorways for a transfer in the direction of the $18,500 stage.<\/p>\n<p>Technical indicators:<\/p>\n<p>Hourly MACD \u2013 The MACD is now gaining 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 $19,500, adopted by $19,200.<\/p>\n<p>Major Resistance Levels \u2013 $20,000, $20,050 and $20,300.<\/p>\n<\/p><\/div>\n<p>[ad_2]<br \/>\n<br \/><a href=\"https:\/\/www.newsbtc.com\/analysis\/btc\/bitcoin-price-turns-red-19500\/\">Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>[ad_1] Bitcoin is exhibiting bearish indicators under the $20,000 help zone in opposition to the US Dollar. BTC might speed up additional decrease under the $19,500 help zone. Bitcoin began a recent decline and traded under the $20,000 help. The worth is now buying and selling under $20,200 and the 100 hourly easy transferring common. 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