{"id":8917,"date":"2022-09-19T03:44:37","date_gmt":"2022-09-19T03:44:37","guid":{"rendered":"https:\/\/coingrafter.com\/index.php\/2022\/09\/19\/bitcoin-price-makes-u-turn-why-btc-could-tumble-to-18k\/"},"modified":"2022-09-19T03:44:37","modified_gmt":"2022-09-19T03:44:37","slug":"bitcoin-price-makes-u-turn-why-btc-could-tumble-to-18k","status":"publish","type":"post","link":"https:\/\/coingrafter.com\/index.php\/2022\/09\/19\/bitcoin-price-makes-u-turn-why-btc-could-tumble-to-18k\/","title":{"rendered":"Bitcoin Price Makes U-Turn, Why BTC Could Tumble to $18K"},"content":{"rendered":"<p> [ad_1]<br \/>\n<\/p>\n<div wp_automatic_readability=\"92.201169590643\">\n<p><em>Bitcoin began a contemporary decline beneath the $20,000 assist zone in opposition to the US Dollar. BTC traded beneath $19,000 and stays at a threat of a transfer to $18,000.<\/em><\/p>\n<ul>\n<li>Bitcoin began a contemporary decline and traded beneath the $19,500 assist.<\/li>\n<li>The worth is now buying and selling beneath $19,200 and the 100 hourly easy transferring common.<\/li>\n<li>There was a break beneath a connecting bullish development line with assist at $19,850 on the hourly chart of the BTC\/USD pair (information feed from Kraken).<\/li>\n<li>The pair is now at a threat of a transfer in the direction of the $18,000 assist zone within the close to time period.<\/li>\n<\/ul>\n<h2>Bitcoin Price Starts Fresh Decline<\/h2>\n<p>Bitcoin worth failed to surpass the <a href=\"https:\/\/www.newsbtc.com\/analysis\/btc\/bitcoin-price-turns-red-19500\/\" target=\"_blank\" rel=\"noopener\">$20,500 resistance level<\/a>. BTC began a contemporary decline and traded beneath the $20,000 and $19,500 assist ranges.<\/p>\n<p>Besides, there was a break beneath a connecting bullish development line with assist at $19,850 on the hourly chart of the BTC\/USD pair. The pair accelerated decrease beneath the $19,200 degree and the 100 hourly easy transferring common. It even declined beneath $19,000 and traded as little as $18,706.<\/p>\n<p>Bitcoin worth is now consolidating losses beneath $19,200 and the <a href=\"https:\/\/www.newsbtc.com\/analysis\/btc\/bitcoin-price-at-major-risk-20k\/\" target=\"_blank\" rel=\"noopener\">100 hourly simple moving average<\/a>. On the upside, a direct resistance is close to the $19,050 degree. It is close to the 23.6% Fib retracement degree of the latest decline from the $20,197 swing excessive to $18,706 low.<\/p>\n<p>The subsequent main resistance sits close to the $19,350 degree. It coincides with the 50% Fib retracement degree of the latest decline from the $20,197 swing excessive to $18,706 low.<\/p>\n<p><a href=\"https:\/\/www.newsbtc.com\/wp-content\/uploads\/2022\/09\/Bitcoin-20.png\"><img decoding=\"async\" loading=\"lazy\" class=\"alignnone size-full wp-image-502729\" src=\"https:\/\/www.newsbtc.com\/wp-content\/uploads\/2022\/09\/Bitcoin-20.png\" alt=\"Bitcoin Price\" width=\"1834\" height=\"845\" srcset=\"https:\/\/www.newsbtc.com\/wp-content\/uploads\/2022\/09\/Bitcoin-20.png 1834w, https:\/\/www.newsbtc.com\/wp-content\/uploads\/2022\/09\/Bitcoin-20-460x212.png 460w, https:\/\/www.newsbtc.com\/wp-content\/uploads\/2022\/09\/Bitcoin-20-860x396.png 860w, https:\/\/www.newsbtc.com\/wp-content\/uploads\/2022\/09\/Bitcoin-20-768x354.png 768w, https:\/\/www.newsbtc.com\/wp-content\/uploads\/2022\/09\/Bitcoin-20-1536x708.png 1536w, https:\/\/www.newsbtc.com\/wp-content\/uploads\/2022\/09\/Bitcoin-20-750x346.png 750w, https:\/\/www.newsbtc.com\/wp-content\/uploads\/2022\/09\/Bitcoin-20-1140x525.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 foremost barrier is now forming close to the $20,000 zone and the 100 hourly easy transferring common. A detailed above the $20,000 resistance may begin a contemporary improve. In the acknowledged case, the worth could maybe rise in the direction of $21,200.<\/p>\n<h2>More Losses in BTC?<\/h2>\n<p>If bitcoin fails to begin a restoration wave above the $19,050 resistance zone, it may proceed to transfer down. An rapid assist on the draw back is close to the $18,700 zone.<\/p>\n<p>The subsequent main assist is close to the $18,550 degree. A transparent transfer beneath the $18,700 and $18,550 ranges may open the doorways for a transfer in the direction of the $18,000 degree.<\/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 beneath the 50 degree.<\/p>\n<p>Major Support Levels \u2013 $18,700, adopted by $18,550.<\/p>\n<p>Major Resistance Levels \u2013 $19,050, $19,300 and $19,500.<\/p>\n<\/p><\/div>\n<p>[ad_2]<br \/>\n<br \/><a href=\"https:\/\/www.newsbtc.com\/analysis\/btc\/bitcoin-price-makes-u-turn-18k\/\">Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>[ad_1] Bitcoin began a contemporary decline beneath the $20,000 assist zone in opposition to the US Dollar. BTC traded beneath $19,000 and stays at a threat of a transfer to $18,000. Bitcoin began a contemporary decline and traded beneath the $19,500 assist. The worth is now buying and selling beneath $19,200 and the 100 hourly 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