Bitcoin price is struggling to clear the $17,000 resistance. BTC remains at a risk of more downsides below the $16,000 support zone before the year end.
- Bitcoin o loʻo faʻaalia faʻailoga faʻailoga i lalo ole $ 17,000 ma le $ 17,200 tulaga tetee.
- O le tau o loʻo fefaʻatauaʻi i lalo ifo o le $16,700 ma le 100 itula faʻasolosolo faigofie.
- Sa i ai se malologa luga o se laina bearish laina o laina ma le latalata i le $ 16,610 i luga o le siata itula o le BTC / USD paga (faamatalaga fafaga mai Kraken).
- The pair could resume its decline if it stays below the $17,000 resistance zone.
Bitcoin Tau feagai ma le tetee
Bitcoin price gained pace below the $16,800 support zone. BTC even fa'alautele lona pa'u below the $16,700 level and the 100 hourly simple moving average.
The price traded as low as $16,453 and is currently correcting losses. There was a move above the $16,500 and $16,550 levels. The price climbed above the 23.6% Fib retracement level of the recent decline from the $16,960 swing high to $16,453 low.
There was also a break above a connecting bearish trend line with resistance near $16,610 on the hourly chart of the BTC/USD pair. However, bitcoin price is now trading below $16,700 and the 100 itula le faʻagasologa faigofie feololo.
On the upside, an immediate resistance is near the $16,650 level. The first major resistance is near the $16,700 zone and the 100 hourly SMA. It coincides with the 50% Fib retracement level of the recent decline from the $16,960 swing high to $16,453 low.
puna: BTCUSD luga TradingView.com
The key breakout zone is still near the $17,000 level. A clear move above the $17,000 resistance might start a steady increase in the near term. The next major resistance is near $17,500, above which the price rise towards the $18,000 resistance zone.
Faʻafouga fou i le BTC?
If bitcoin fails to start a recovery wave above the $16,700 resistance, it could start another decline. An immediate support on the downside is near the $16,450 level or the recent low.
Ole isi lagolago tele e latalata ile $16,250. O se gaioiga manino i lalo ole $ 16,250 lagolago e ono faʻaosoina ai se agai atu i le $ 16,000 tulaga. So'o se isi tupe gau e ono lafo atu le tau ile $15,500.
Faʻamatalaga faʻapitoa:
MACD itula - O le MACD ua leiloa le saoasaoa i le bearish sone.
Hourly RSI (Relative Strength Index) - O le RSI mo BTC / USD ua latalata nei i le tulaga 50.
Tele Lagolago Lagolago - $ 16,450, sosoʻo ma le $ 16,250.
Lelei Tele Tetee - $ 16,700, $ 17,000 ma le $ 17,200.
Source: https://newsbtc.com/analysis/btc/bitcoin-price-further-lower-16k/