Monday, January 30, 2023
Dapps Club
  • Home
  • Cryptocurrency
  • Bitcoin
  • Ethereum
  • Blockchain Guide
  • Litecoin
  • Metaverse
  • Market And Analysis
  • Regulation
  • Top Exchanges
No Result
View All Result
DAPSS CLUB
No Result
View All Result
Home Bitcoin

Bitcoin Price Takes Hit, Why BTC Remains at Risk of More Losses

Karel Kašpar by Karel Kašpar
August 10, 2022
in Bitcoin
0
Bitcoin Price Takes Hit, Why BTC Remains at Risk of More Losses
74
SHARES
1.2k
VIEWS
Share on FacebookShare on Twitter


You might also like

Crypto Trading Firm Cumberland Can Trade Crypto With Canadian Dollars

Here’s What Will Be Important

Deflationary Ether Is Underperforming Bitcoin, Here are 3 Reasons Why

Bitcoin worth began a recent decline from the $24,250 resistance zone towards the US Greenback. BTC declined under $23,000 and stays at a threat of extra losses.

  • Bitcoin began a recent decline under the $23,500 help zone.
  • The worth is now buying and selling under the $23,500 degree and the 100 hourly easy transferring common.
  • There was a break under a significant bullish pattern line with help close to $23,320 on the hourly chart of the BTC/USD pair (information feed from Kraken).
  • The pair should clear the $23,250 resistance to start out a recent enhance within the close to time period.

Bitcoin Value Breaks Assist

Bitcoin worth struggled to achieve tempo above the $24,000 resistance zone. The worth fashioned a prime close to $24,285 and began a recent decline.

There was a transparent transfer under the $23,800 and $23,500 help ranges. The bears pushed the pair under the 61.8% Fib retracement degree of the upward transfer from the $22,846 swing low to $24,286 excessive. In addition to, there was a break under a significant bullish pattern line with help close to $23,320 on the hourly chart of the BTC/USD pair.

Bitcoin worth is now buying and selling under the $23,500 degree and the 100 hourly simple moving average. It’s now consolidating above the important thing $22,650 help zone.

Bitcoin Price

Supply: BTCUSD on TradingView.com

On the upside, a direct resistance is close to the $23,250 degree. The following key resistance is close to the $23,500 zone. A detailed above the $23,500 resistance zone may begin a gentle enhance. Within the acknowledged case, the worth might maybe rise clear the $24,000 resistance.

Draw back Break in BTC?

If bitcoin fails to clear the $23,500 resistance zone, it may proceed to mov down. A direct help on the draw back is close to the $22,650 degree.

The following main help now sits close to the $22,500 degree. A detailed under the $22,500 degree would possibly begin a transfer in the direction of $22,000. If the bears stay in motion, there’s a threat of a transfer in the direction of the $21,500 degree within the coming periods. Any extra losses would possibly ship the worth in the direction of $20,500 degree.

Technical indicators:

Hourly MACD – The MACD is now gaining tempo within the bearish zone.

Hourly RSI (Relative Power Index) – The RSI for BTC/USD is now properly under the 50 degree.

Main Assist Ranges – $22,650, adopted by $22,500.

Main Resistance Ranges – $23,250, $23,500 and $24,000.



Source link

Tags: BitcoinBTCHitLossesPriceRemainsRiskTakes
Share30Tweet19
Karel Kašpar

Karel Kašpar

Recommended For You

Crypto Trading Firm Cumberland Can Trade Crypto With Canadian Dollars

by Karel Kašpar
January 30, 2023
0
Crypto Trading Firm Cumberland Can Trade Crypto With Canadian Dollars

“It’s not unexpected” for Cumberland to announce support for crypto transactions denominated in Canadian dollars, said Alex McDougall, president and CEO of Stablecorp, a fintech firm that created...

Read more

Here’s What Will Be Important

by Karel Kašpar
January 30, 2023
0
Here’s What Will Be Important

The Bitcoin price is facing the most important week of the year so far. While BTC managed a slight rally of around 3% over the weekend, this week...

Read more

Deflationary Ether Is Underperforming Bitcoin, Here are 3 Reasons Why

by Karel Kašpar
January 30, 2023
0
Deflationary Ether Is Underperforming Bitcoin, Here are 3 Reasons Why

"The 1 million instantly withdrawable Ether is more of a concern. This amounts to around 1% of free-floating Ether, in other words, not staked Ether. In a matter...

Read more

Bitcoin premium hits 60% in Nigeria as it limits ATM cash withdrawals

by Karel Kašpar
January 30, 2023
0
Bitcoin premium hits 60% in Nigeria as it limits ATM cash withdrawals

The price of Bitcoin (BTC) in Nigeria has skyrocketed to well above market levels amid continued efforts by the central bank to push its citizens into digitalized cash.At...

Read more

First Mover Asia: Amazon’s Web3 Foray Will Be a Compliance Nightmare; Bitcoin Tops $23.9K – CoinDesk

by Karel Kašpar
January 30, 2023
0
First Mover Asia: Amazon’s Web3 Foray Will Be a Compliance Nightmare; Bitcoin Tops $23.9K – CoinDesk

First Mover Asia: Amazon’s Web3 Foray Will Be a Compliance Nightmare; Bitcoin Tops $23.9K  CoinDesk Source link

Read more
Next Post
Ethereum [ETH] notes unprecedented hike, thanks to its…

Ethereum [ETH] notes unprecedented hike, thanks to its...

Related News

IQST – iQSTEL Announces Application for Dual Listing on Upstream

IQST – iQSTEL Announces Application for Dual Listing on Upstream

November 8, 2022
Canadian crypto-asset regulation needs a balanced, prudential approach

Canadian crypto-asset regulation needs a balanced, prudential approach

August 29, 2022
Coinbase Custody Adds Support for Nine Ethereum (ETH)-Based Altcoins, Spurring Small Price Jump

Coinbase Custody Adds Support for Nine Ethereum (ETH)-Based Altcoins, Spurring Small Price Jump

November 23, 2022

Browse by Category

  • Altcoin
  • Artificial Intelligence
  • Bitcoin
  • Blockchain Guide
  • Business
  • Cryptocurrency
  • Ethereum
  • Featured
  • Litecoin
  • Market And Analysis
  • Metaverse
  • News
  • Regulation
  • Top Exchanges

Recent News

Institutions Pour Capital Into Bitcoin (BTC) at Highest Rate Since July of Last Year: CoinShares

Institutions Pour Capital Into Bitcoin (BTC) at Highest Rate Since July of Last Year: CoinShares

January 30, 2023
Crypto Trading Firm Cumberland Can Trade Crypto With Canadian Dollars

Crypto Trading Firm Cumberland Can Trade Crypto With Canadian Dollars

January 30, 2023
Meta Masters Guild Blasts Past $2.1 Million Raised in Presale – Just 5 Days Remain in Stage 4

Meta Masters Guild Blasts Past $2.1 Million Raised in Presale – Just 5 Days Remain in Stage 4

January 30, 2023

Categories

  • Altcoin
  • Artificial Intelligence
  • Bitcoin
  • Blockchain Guide
  • Business
  • Cryptocurrency
  • Ethereum
  • Featured
  • Litecoin
  • Market And Analysis
  • Metaverse
  • News
  • Regulation
  • Top Exchanges

Follow Us

Browse By Tags

Altcoin Altcoins analysis Analyst Big Binance Bitcoin Blockchain BTC Buy Cardano Coin Coinbase crypto Cryptocurrency Digital dogecoin ETH Ethereum Exchange Exchanges Eyes FTX Global GUIDE Heres Inu Investors Latest Litecoin LTC MARKET Metaverse News Prediction Price Regulation Risk Shiba Solana Today Token Top Trading week

© 2021 DAPPS CLUB

No Result
View All Result
  • Home
  • Cryptocurrency
  • Bitcoin
  • Ethereum
  • Blockchain Guide
  • Litecoin
  • Metaverse
  • Market And Analysis
  • Regulation
  • Top Exchanges

© 2021 DAPPS CLUB

Are you sure want to unlock this post?
Unlock left : 0
Are you sure want to cancel subscription?