Bitcoin price started a downside correction below $23,000. BTC is testing an important support and might start a fresh increase towards $23,500.
- Bitcoin started a downside correction and declined below the $23,000 support zone.
- O le tau o loʻo fefaʻatauaʻi i lalo ifo o le $23,000 ma le 100 itula faʻasolosolo faigofie.
- E i ai se tulaga tele bullish laina laina fausia ma lagolago latalata $ 22,400 i luga o le itula itula o le BTC / USD pea (faamatalaga fafaga mai Kraken).
- E mafai e le paga ona amata se siitaga fou pe a tumau i luga ole $22,000 sone lagolago.
Bitcoin Price Tests Key Support
Bitcoin tau struggled to clear the $23,400 and $23,500 resistance levels. BTC started a downside correction and traded below the $23,000 support zone.
The price declined below the 23.6% Fib retracement level of the key increase from the $20,395 swing low to $24,250 high. The price even spiked below the $22,500 support level. However, the bulls appeared near the $22,200 support zone.
There is also a major bullish trend line forming with support near $22,400 on the hourly chart of the BTC/USD pair. Bitcoin price is now trading below $23,000 and the 100 hourly simple moving average.
An immediate resistance is near the $22,700 level. The next major resistance is near the $22,850 zone or the 100 hourly simple moving average, above which the price might gain bullish momentum. In the stated case, the price may perhaps rise towards the $23,200 level.
The next resistance could be near the $23,500 level. Any more gains might send btc price towards the $24,200 level.
Tele Maliu i le BTC?
If bitcoin price stays above the trend line support or $22,200, it could continue to move down. An immediate support on the downside is near the $22,000 zone.
The next major support is near the $21,900 zone or the 50% Fib retracement level of the key increase from the $20,395 swing low to $24,250 high. A downside break below the $21,900 level might send the price towards the $21,200 level. Any more losses might send the price to $20,500 in the near term.
MACD Itula - O le MACD ua leiloa nei le saoasaoa i le sone sone.
Hourly RSI (Relative Strength Index) - Ole RSI mo BTC / USD ua i lalo nei ole 50 level.
Tele Lagolago Lagolago - $ 22,100, sosoʻo ma le $ 22,000.
Lelei Tele Tetee - $ 22,700, $ 22,850 ma le $ 23,200.