TA: Bitcoin Topside Bias Vulnerable If It Continues To Struggle Below $46K

TA: Bitcoin Topside Bias Vulnerable If It Continues To Struggle Below $46K

14 Setembro 2021 – 12:08AM
NEWSBTC

Bitcoin price is facing hurdles near the $46,000 zone against the
US Dollar. BTC could start a major decline if it continues to
struggle near the $46,000 zone. Bitcoin is facing a major
resistance near $45,600 and $46,200 levels. The price is now
trading below $45,500 and the 100 hourly simple moving average.
There is a major bearish trend line forming with resistance near
$46,000 on the hourly chart of the BTC/USD pair (data feed from
Kraken). The pair must clear the $46,000 resistance zone to start a
steady increase in the near term. Bitcoin Price Faces Hurdles
Bitcoin price extended its decline below the $45,000 level. BTC
even spiked below the $44,200 support level and settled below the
100 hourly simple moving average. However, there was no downside
continuation below $43,500. A low was formed near $43,374 and the
price started a steady recovery. There was a break above the
$44,200 resistance level. The price broke the 50% Fib retracement
level of the recent drop from the $46,879 high to $43,374 low. It
is now facing a strong resistance near $45,500 and the 100 hourly
simple moving average. The 61.8% Fib retracement level of the
recent drop from the $46,879 high to $43,374 low is also acting as
a resistance near the $45,550 level. Source: BTCUSD on
TradingView.com The main resistance is still near the $46,000 zone.
To move into a positive zone, bitcoin must clear the 100 hourly
SMA, the trend line zone, and $46,000. The next major resistance is
forming near the $47,350 level, above which the price could rise
towards the key $48,500 resistance in the near term. More Losses In
BTC? If bitcoin fails to clear the $46,000 resistance zone, it
could resume its decline. An immediate support on the downside is
near the $44,600 level. The first major support is near the $44,200
level. The next key support seems to be forming near the $43,400
level. If there is a downside break below the $43,400 support zone,
the price could extend its decline. The next major support on the
downside could be $42,000. Technical indicators: Hourly MACD – The
MACD is slowly losing pace in the bullish zone. Hourly RSI
(Relative Strength Index) – The RSI for BTC/USD is now just above
the 50 level. Major Support Levels – $44,200, followed by $43,400.
Major Resistance Levels – $45,550, $46,000 and $46,200.

Bitcoin (COIN:BTCUSD)
Gráfico Histórico do Ativo
De Ago 2021 até Set 2021
Bitcoin (COIN:BTCUSD)
Gráfico Histórico do Ativo
De Set 2020 até Set 2021

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