Wednesday, July 23, 2025
  • Login
SB Crypto Guru News- latest crypto news, NFTs, DEFI, Web3, Metaverse
No Result
View All Result
  • HOME
  • BITCOIN
  • CRYPTO UPDATES
    • GENERAL
    • ALTCOINS
    • ETHEREUM
    • CRYPTO EXCHANGES
    • CRYPTO MINING
  • BLOCKCHAIN
  • NFT
  • DEFI
  • WEB3
  • METAVERSE
  • REGULATIONS
  • SCAM ALERT
  • ANALYSIS
CRYPTO MARKETCAP
  • HOME
  • BITCOIN
  • CRYPTO UPDATES
    • GENERAL
    • ALTCOINS
    • ETHEREUM
    • CRYPTO EXCHANGES
    • CRYPTO MINING
  • BLOCKCHAIN
  • NFT
  • DEFI
  • WEB3
  • METAVERSE
  • REGULATIONS
  • SCAM ALERT
  • ANALYSIS
No Result
View All Result
SB Crypto Guru News- latest crypto news, NFTs, DEFI, Web3, Metaverse
No Result
View All Result

Bitcoin Value Might Narrowly Keep away from a Main Downtrend, Right here’s How

by SB Crypto Guru News
August 7, 2022
in Analysis
Reading Time: 2 mins read
0 0
A A
0


Bitcoin prolonged losses beneath the $22,650 help towards the US Greenback. BTC is making an attempt one other restoration and may face hurdles close to $23,100.

  • Bitcoin remained in a bearish zone and prolonged losses beneath the $23,500 stage.
  • The worth is now buying and selling beneath the $23,000 stage and the 100 hourly easy shifting common.
  • There was a break above a short-term bearish pattern line with resistance close to $22,850 on the hourly chart of the BTC/USD pair (information feed from Kraken).
  • The pair should clear the $23,100 resistance to start out a gentle improve within the close to time period.

Bitcoin Value Faces Resistance

Bitcoin value began a recent decline after it confronted sellers close to the $23,570 stage. The worth gained bearish momentum after it broke the $23,000 help zone.

It even traded beneath the $22,800 stage and the 100 hourly easy shifting common. Lastly, there was a spike beneath the $22,650 stage. Nonetheless, downsides have been restricted and the worth traded as little as $22,400. The worth began a recent restoration wave above the $22,800 resistance zone.

Bitcoin cleared the 23.6% Fib retracement stage of the downward transfer from the $23,570 swing excessive to $22,400 low. Moreover, there was a break above a short-term bearish pattern line with resistance close to $22,850 on the hourly chart of the BTC/USD pair.

It’s now buying and selling beneath the $23,000 stage and the 100 hourly easy shifting common. On the upside, bitcoin value is dealing with resistance close to the $23,000 stage and the 100 hourly SMA.

Bitcoin Price

Supply: BTCUSD on TradingView.com

The 50% Fib retracement stage of the downward transfer from the $23,570 swing excessive to $22,400 low can also be close to the $23,000 zone. The following key resistance is close to the $23,300 zone. An in depth above the $23,500 resistance zone may begin a gentle improve. Within the said case, the worth might maybe rise clear the $23,500 resistance.

Extra Losses in BTC?

If bitcoin fails to clear the $23,000 resistance zone and the 100 hourly SMA, it may proceed to maneuver down. An instantaneous help on the draw back is close to the $22,800 stage.

The following main help now sits close to the $22,400 stage. An in depth beneath the $22,400 stage may begin a transfer in direction of $22,000. Any extra losses may ship the worth in direction of $21,200 stage.

Technical indicators:

Hourly MACD – The MACD is now gaining tempo within the bullish zone.

Hourly RSI (Relative Power Index) – The RSI for BTC/USD is now above the 50 stage.

Main Assist Ranges – $22,800, adopted by $22,400.

Main Resistance Ranges – $23,000, $23,300 and $24,500.



Source link

Tags: AvoidBitcoinBitcoin NewsCrypto NewsCrypto UpdatesDowntrendHeresLatest News on CryptoMajornarrowlyPriceSB Crypto Guru News
Previous Post

New Overledger launch now helps QRC-721 NFTs on Tokenise developer API » CryptoNinjas

Next Post

Meta Instagram Embraces NFT, Increasing Footprints to 100 International locations

Related Posts

BNB hits a new ATH of 4. How high can it go? Check forecast

BNB hits a new ATH of $804. How high can it go? Check forecast

by SB Crypto Guru News
July 23, 2025
0

Key takeaways Binance’s BNB coin surged by nearly 5% in the last 24 hours and has hit a new all-time...

Solana (SOL) Smashes 0, Bulls Now Target 0–0 Zone

Solana (SOL) Smashes $200, Bulls Now Target $220–$250 Zone

by SB Crypto Guru News
July 23, 2025
0

Solana started a fresh increase above the $185 zone. SOL price is now correcting gains and might find bids near...

XRP to hit  in 2025? Analysts weigh the possibility

XRP to hit $10 in 2025? Analysts weigh the possibility

by SB Crypto Guru News
July 22, 2025
0

XRP trades above $3.50 amid rising institutional interest and bullish sentiment. Ripple’s SEC settlement boosts confidence and opens doors to...

‘XRP Is The End Game’ — Pundit Reveals Why It’s Better Than Bitcoin

‘XRP Is The End Game’ — Pundit Reveals Why It’s Better Than Bitcoin

by SB Crypto Guru News
July 22, 2025
0

A provocative post from crypto commentator Vincent Van Code suggests that Bitcoin was simply the experiment, while XRP represents the...

SOL targets 0 after breakout above 0; check forecast

SOL targets $300 after breakout above $200; check forecast

by SB Crypto Guru News
July 22, 2025
0

Key takeaways Solana is the best performer among the top 10 cryptocurrencies by market cap, up 7% in the last...

Load More
Next Post
Meta Instagram Embraces NFT, Increasing Footprints to 100 International locations

Meta Instagram Embraces NFT, Increasing Footprints to 100 International locations

What Are Feedback In Solidity and Why It Is Necessary

What Are Feedback In Solidity and Why It Is Necessary

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Facebook Twitter LinkedIn Tumblr RSS

CATEGORIES

  • Altcoin
  • Analysis
  • Bitcoin
  • Blockchain
  • Crypto Exchanges
  • Crypto Updates
  • DeFi
  • Ethereum
  • Metaverse
  • Mining
  • NFT
  • Regulations
  • Scam Alert
  • Uncategorized
  • Web3

SITE MAP

  • Disclaimer
  • Privacy Policy
  • DMCA
  • Cookie Privacy Policy
  • Terms and Conditions
  • Contact us

Copyright © 2022 - SB Crypto Guru News.
SB Crypto Guru News is not responsible for the content of external sites.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • HOME
  • BITCOIN
  • CRYPTO UPDATES
    • GENERAL
    • ALTCOINS
    • ETHEREUM
    • CRYPTO EXCHANGES
    • CRYPTO MINING
  • BLOCKCHAIN
  • NFT
  • DEFI
  • WEB3
  • METAVERSE
  • REGULATIONS
  • SCAM ALERT
  • ANALYSIS

Copyright © 2022 - SB Crypto Guru News.
SB Crypto Guru News is not responsible for the content of external sites.