{"id":9564,"date":"2022-09-28T04:04:49","date_gmt":"2022-09-28T04:04:49","guid":{"rendered":"https:\/\/coingrafter.com\/index.php\/2022\/09\/28\/bitcoin-price-trims-gains-why-btc-could-dive-to-new-monthly-low\/"},"modified":"2022-09-28T04:04:50","modified_gmt":"2022-09-28T04:04:50","slug":"bitcoin-price-trims-gains-why-btc-could-dive-to-new-monthly-low","status":"publish","type":"post","link":"https:\/\/coingrafter.com\/index.php\/2022\/09\/28\/bitcoin-price-trims-gains-why-btc-could-dive-to-new-monthly-low\/","title":{"rendered":"Bitcoin Price Trims Gains, Why BTC Could Dive To New Monthly Low"},"content":{"rendered":"<p> [ad_1]<br \/>\n<\/p>\n<div wp_automatic_readability=\"93.817264573991\">\n<p><em>Bitcoin failed to remain above the $20,000 resistance towards the US Dollar. BTC is sliding and may even break the $18,250 help zone.<\/em><\/p>\n<ul>\n<li>Bitcoin failed to remain above the $20,000 resistance and began a recent decline.<\/li>\n<li>The value is buying and selling under $19,000 and the 100 hourly easy transferring common.<\/li>\n<li>There was a break under a key bullish development line with help close to $19,450 on the hourly chart of the BTC\/USD pair (information feed from Kraken).<\/li>\n<li>The pair may speed up decrease under the $18,250 help zone within the close to time period.<\/li>\n<\/ul>\n<h2>Bitcoin Price Restarts Decline<\/h2>\n<p>Bitcoin value tried a <a href=\"https:\/\/www.newsbtc.com\/analysis\/btc\/bitcoin-price-gearing-for-21k\/\" target=\"_blank\" rel=\"noopener\">decent upward move<\/a> above the $19,500 resistance. BTC even climbed above the $20,000 resistance and the 100 hourly easy transferring common.<\/p>\n<p>However, the crypto market confronted a recent promoting curiosity after the US Dollar regained energy. As a consequence, bitcoin value topped close to the $20,383 stage and began one other decline. There was a pointy transfer under the $20,000 stage.<\/p>\n<p>Besides, there was a break under a key bullish development line with help close to $19,450 on the hourly chart of the BTC\/USD pair. The pair declined under the 61.8% Fib retracement stage of the upward transfer from the $18,645 swing low to $20,383 excessive.<\/p>\n<p>It is now buying and selling under $19,000 and the <a href=\"https:\/\/www.newsbtc.com\/analysis\/btc\/bitcoin-price-holds-ground-19k\/\" target=\"_blank\" rel=\"noopener\">100 hourly simple moving average<\/a>. An instant help on the draw back sits close to the $18,600 stage, with a bearish angle. On the upside, an instantaneous resistance is close to the $19,000 stage.<\/p>\n<p><a href=\"https:\/\/www.newsbtc.com\/wp-content\/uploads\/2022\/09\/Bitcoin-27.png\"><img decoding=\"async\" loading=\"lazy\" class=\"alignnone size-full wp-image-503981\" src=\"https:\/\/www.newsbtc.com\/wp-content\/uploads\/2022\/09\/Bitcoin-27.png\" alt=\"Bitcoin Price\" width=\"1834\" height=\"845\" srcset=\"https:\/\/www.newsbtc.com\/wp-content\/uploads\/2022\/09\/Bitcoin-27.png 1834w, https:\/\/www.newsbtc.com\/wp-content\/uploads\/2022\/09\/Bitcoin-27-460x212.png 460w, https:\/\/www.newsbtc.com\/wp-content\/uploads\/2022\/09\/Bitcoin-27-860x396.png 860w, https:\/\/www.newsbtc.com\/wp-content\/uploads\/2022\/09\/Bitcoin-27-768x354.png 768w, https:\/\/www.newsbtc.com\/wp-content\/uploads\/2022\/09\/Bitcoin-27-1536x708.png 1536w, https:\/\/www.newsbtc.com\/wp-content\/uploads\/2022\/09\/Bitcoin-27-750x346.png 750w, https:\/\/www.newsbtc.com\/wp-content\/uploads\/2022\/09\/Bitcoin-27-1140x525.png 1140w\" sizes=\"auto, (max-width: 1834px) 100vw, 1834px\"\/><\/a><\/p>\n<p>Source: <a href=\"https:\/\/www.tradingview.com\/symbols\/BTCUSD\/\" target=\"_blank\" rel=\"noopener\">BTCUSD on TradingView.com<\/a><\/p>\n<p>The subsequent main resistance sits close to the $19,200 zone and the 100 hourly easy transferring common. A detailed above the $19,200 stage may begin a good enhance. In the acknowledged case, the value may rise in the direction of $19,500. Any extra positive aspects may lead the value larger in the direction of the $20,000 resistance zone.<\/p>\n<h2>More Losses in BTC?<\/h2>\n<p>If bitcoin fails to get well above the $19,200 resistance zone, it may proceed to maneuver down. An instant help on the draw back is close to the $18,500 zone.<\/p>\n<p>The subsequent main help is close to the $18,250 zone. It is close to the 10236 Fib extension stage of the upward transfer from the $18,645 swing low to $20,383 excessive. Any extra losses may name for a drop in the direction of the $17,500 help zone within the coming periods.<\/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 $18,500, adopted by $18,250.<\/p>\n<p>Major Resistance Levels \u2013 $19,000, $19,200 and $20,000.<\/p>\n<\/p><\/div>\n<p>[ad_2]<br \/>\n<br \/><a href=\"https:\/\/www.newsbtc.com\/analysis\/btc\/bitcoin-price-trims-gains-18k\/\">Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>[ad_1] Bitcoin failed to remain above the $20,000 resistance towards the US Dollar. BTC is sliding and may even break the $18,250 help zone. Bitcoin failed to remain above the $20,000 resistance and began a recent decline. The value is buying and selling under $19,000 and the 100 hourly easy transferring common. There was a [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":9566,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"ocean_post_layout":"","ocean_both_sidebars_style":"","ocean_both_sidebars_content_width":0,"ocean_both_sidebars_sidebars_width":0,"ocean_sidebar":"","ocean_second_sidebar":"","ocean_disable_margins":"enable","ocean_add_body_class":"","ocean_shortcode_before_top_bar":"","ocean_shortcode_after_top_bar":"","ocean_shortcode_before_header":"","ocean_shortcode_after_header":"","ocean_has_shortcode":"","ocean_shortcode_after_title":"","ocean_shortcode_before_footer_widgets":"","ocean_shortcode_after_footer_widgets":"","ocean_shortcode_before_footer_bottom":"","ocean_shortcode_after_footer_bottom":"","ocean_display_top_bar":"default","ocean_display_header":"default","ocean_header_style":"","ocean_center_header_left_menu":"","ocean_custom_header_template":"","ocean_custom_logo":0,"ocean_custom_retina_logo":0,"ocean_custom_logo_max_width":0,"ocean_custom_logo_tablet_max_width":0,"ocean_custom_logo_mobile_max_width":0,"ocean_custom_logo_max_height":0,"ocean_custom_logo_tablet_max_height":0,"ocean_custom_logo_mobile_max_height":0,"ocean_header_custom_menu":"","ocean_menu_typo_font_family":"","ocean_menu_typo_font_subset":"","ocean_menu_typo_font_size":0,"ocean_menu_typo_font_size_tablet":0,"ocean_menu_typo_font_size_mobile":0,"ocean_menu_typo_font_size_unit":"px","ocean_menu_typo_font_weight":"","ocean_menu_typo_font_weight_tablet":"","ocean_menu_typo_font_weight_mobile":"","ocean_menu_typo_transform":"","ocean_menu_typo_transform_tablet":"","ocean_menu_typo_transform_mobile":"","ocean_menu_typo_line_height":0,"ocean_menu_typo_line_height_tablet":0,"ocean_menu_typo_line_height_mobile":0,"ocean_menu_typo_line_height_unit":"","ocean_menu_typo_spacing":0,"ocean_menu_typo_spacing_tablet":0,"ocean_menu_typo_spacing_mobile":0,"ocean_menu_typo_spacing_unit":"","ocean_menu_link_color":"","ocean_menu_link_color_hover":"","ocean_menu_link_color_active":"","ocean_menu_link_background":"","ocean_menu_link_hover_background":"","ocean_menu_link_active_background":"","ocean_menu_social_links_bg":"","ocean_menu_social_hover_links_bg":"","ocean_menu_social_links_color":"","ocean_menu_social_hover_links_color":"","ocean_disable_title":"default","ocean_disable_heading":"default","ocean_post_title":"","ocean_post_subheading":"","ocean_post_title_style":"","ocean_post_title_background_color":"","ocean_post_title_background":0,"ocean_post_title_bg_image_position":"","ocean_post_title_bg_image_attachment":"","ocean_post_title_bg_image_repeat":"","ocean_post_title_bg_image_size":"","ocean_post_title_height":0,"ocean_post_title_bg_overlay":0.5,"ocean_post_title_bg_overlay_color":"","ocean_disable_breadcrumbs":"default","ocean_breadcrumbs_color":"","ocean_breadcrumbs_separator_color":"","ocean_breadcrumbs_links_color":"","ocean_breadcrumbs_links_hover_color":"","ocean_display_footer_widgets":"default","ocean_display_footer_bottom":"default","ocean_custom_footer_template":"","ocean_post_oembed":"","ocean_post_self_hosted_media":"","ocean_post_video_embed":"","ocean_link_format":"","ocean_link_format_target":"self","ocean_quote_format":"","ocean_quote_format_link":"post","ocean_gallery_link_images":"on","ocean_gallery_id":[],"footnotes":""},"categories":[4],"tags":[20,31,1169,543,2635,110,2485],"class_list":["post-9564","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-market","tag-bitcoin","tag-btc","tag-dive","tag-gains","tag-monthly","tag-price","tag-trims","entry","has-media","owp-thumbs-layout-horizontal","owp-btn-normal","owp-tabs-layout-horizontal","has-no-thumbnails","has-product-nav"],"_links":{"self":[{"href":"https:\/\/coingrafter.com\/index.php\/wp-json\/wp\/v2\/posts\/9564","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/coingrafter.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/coingrafter.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/coingrafter.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/coingrafter.com\/index.php\/wp-json\/wp\/v2\/comments?post=9564"}],"version-history":[{"count":1,"href":"https:\/\/coingrafter.com\/index.php\/wp-json\/wp\/v2\/posts\/9564\/revisions"}],"predecessor-version":[{"id":9565,"href":"https:\/\/coingrafter.com\/index.php\/wp-json\/wp\/v2\/posts\/9564\/revisions\/9565"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/coingrafter.com\/index.php\/wp-json\/wp\/v2\/media\/9566"}],"wp:attachment":[{"href":"https:\/\/coingrafter.com\/index.php\/wp-json\/wp\/v2\/media?parent=9564"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/coingrafter.com\/index.php\/wp-json\/wp\/v2\/categories?post=9564"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/coingrafter.com\/index.php\/wp-json\/wp\/v2\/tags?post=9564"}],"curies":[{"n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