NewsBTC 2023-06-15 02:51:33

Bitcoin Price Plunges Further Post Fed Decision, $24K Next?

Bitcoin price started a fresh decline below the $25,500 support. BTC is now at a risk of more losses toward the $24,000 support zone. Bitcoin is gaining bearish momentum below the $25,500 support. The price is trading below $25,500 and the 100 hourly Simple moving average. There was a break below a key rising channel with support near $25,800 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could correct higher but upsides might be limited above $25,500. Bitcoin Price Extends Decline Bitcoin price failed to start a fresh increase above the $26,200 resistance zone. BTC failed to remain in a positive zone after the Fed interest rate decision and declined below the $25,500 support. The price declined below the $25,400 support to trade to a new weekly low. Besides, there was a break below a key rising channel with support near $25,800 on the hourly chart of the BTC/USD pair. There was a move below the $25,000 support zone. A low is formed near $24,818 and the price is now consolidating losses. It is trading near the 23.6% Fib retracement level of the recent decline from the $26,063 swing high to the $24,818 low. Bitcoin price is now trading below $25,500 and the 100 hourly Simple moving average. Immediate resistance is near the $25,200 level. Source: BTCUSD on TradingView.com The first major resistance is near the $25,500 level. It is close to the 50% Fib retracement level of the recent decline from the $26,063 swing high to the $24,818 low. A clear move above the $25,500 resistance might start a fresh increase. The next major resistance is near the $26,000 level, above which the bulls might send BTC toward the $26,500 resistance zone. More Losses in BTC? If Bitcoin’s price fails to clear the $25,500 resistance, it could continue to move down. Immediate support on the downside is near the $24,800 level and the recent low. The next major support is near the $24,500 level, below which the price might gain bearish momentum. In the stated case, the price could drop toward the $24,000 support in the near term. Technical indicators: Hourly MACD – The MACD is now gaining pace in the bearish zone. Hourly RSI (Relative Strength Index) – The RSI for BTC/USD is below the 50 level. Major Support Levels – $24,800, followed by $24,500. Major Resistance Levels – $25,200, $25,500, and $26,000.

Наиболее читаемые новости

U.S. Bitcoin Whales Are Selling—Key Signal Su...
2025-05-06
Expert Says XRP is ‘Insanely Overvalued’ But...
2025-05-06
From Walled Gardens to Open Networks: LayerK...
2025-05-06
Bitcoin Might Be a Ponzi Scheme? Ex-Governor...
2025-05-06
VanEck Files for BNB ETF with Staking Rewards...
2025-05-05
CZ Proposes BNB and BTC for Kyrgyzstan’s Nati...
2025-05-05
Bitcoin Solaris Launches Hybrid Mining Soluti...
2025-05-05
VanEck’s BNB ETF Filing Could Bring Binance C...
2025-05-05

Связанные новости

Прочтите Отказ от ответственности : Весь контент, представленный на нашем сайте, гиперссылки, связанные приложения, форумы, блоги, учетные записи социальных сетей и другие платформы («Сайт») предназначен только для вашей общей информации, приобретенной у сторонних источников. Мы не предоставляем никаких гарантий в отношении нашего контента, включая, но не ограничиваясь, точность и обновление. Никакая часть содержания, которое мы предоставляем, представляет собой финансовый совет, юридическую консультацию или любую другую форму совета, предназначенную для вашей конкретной опоры для любых целей. Любое использование или доверие к нашему контенту осуществляется исключительно на свой страх и риск. Вы должны провести собственное исследование, просмотреть, проанализировать и проверить наш контент, прежде чем полагаться на них. Торговля - очень рискованная деятельность, которая может привести к серьезным потерям, поэтому проконсультируйтесь с вашим финансовым консультантом, прежде чем принимать какие-либо решения. Никакое содержание на нашем Сайте не предназначено для запроса или предложения