Bitcoin price failed to clear the key $36,000 resistance zone against the US Dollar. BTC is showing a few bearish signs and it could continue lower towards $30,000.
- Bitcoin failed to gain momentum above the 36,000 e $36,200 livelli di resistenza.
- The price is now struggling below $35,000 e il 100 hourly simple moving average.
- There is a major bearish trend line forming with resistance near $34,600 on the hourly chart of the BTC/USD pair (data feed from Kraken).
- The pair could continue to move down towards $30,000 as long as it is below $35,000.
Bitcoin Price is Showing Bearish Signs
After trading as low as $30,312, bitcoin price started a fresh increase. BTC surpassed the $32,000 e $34,000 resistance levels to move into a positive zone.
The price even spiked above the $36,000 resistenza. però, there was no close above $36,200 e $36,500 (a major hurdle as discussed yesterday). Di conseguenza, there was a rejection near $36,500 and the price declined below the $35,000 livello.
C'è stata una pausa sotto il $34,000 level and the 100 hourly simple moving average. The price even broke the 50% Fib retracement level of the upward move from the $30,312 basso a $36,617 alto.
fonte: BTCUSD su TradingView.com
There is also a major bearish trend line forming with resistance near $34,600 on the hourly chart of the BTC/USD pair. Un supporto iniziale al ribasso è vicino a $32,700 livello. È vicino al 61.8% Fib retracement level of the upward move from the $30,312 basso a $36,617 alto.
The next major support is near the $31,700 livello, below which bitcoin price might continue to move down towards the $30,500 e $30,000 livelli. Any more losses could lead the price towards the $28,000 zona di supporto.
Fresh Increase in BTC?
To move into a positive zone, bitcoin price needs to clear many hurdles, starting with $34,600. The first major resistance for the bulls is near the $35,000 livello.
The main resistance is still near the $36,000, $36,200 e $36,500 livelli. A close above $36,500 is likely to start a fresh rally towards $39,200 e $40,000 a breve termine.
Hourly MACD – The MACD is slowly gaining momentum in the bearish zone.
Hourly RSI (Indice di forza relativa) – The RSI for BTC/USD is recovering, but it is still below the 50 livello.
Livelli di supporto principali - $32,700, seguito da $31,700.
Principali livelli di resistenza - $35,000, $36,000 e $36,500.
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