Thursday, February 19, 2026
  • 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 Topside Bias Susceptible If It Continues To Wrestle Beneath $17K

by SB Crypto Guru News
December 20, 2022
in Crypto Exchanges
Reading Time: 2 mins read
0 0
A A
0


Bitcoin value declined additional and traded under $16,500. BTC is correcting losses, however it may battle to climb above the $16,700 and $17,000 resistance ranges.

  • Bitcoin prolonged its decline under the $17,000 and $16,500 assist ranges.
  • The worth is buying and selling under $16,800 and the 100 hourly easy transferring common.
  • There’s a connecting bearish pattern line forming with resistance close to $16,650 on the hourly chart of the BTC/USD pair (information feed from Kraken).
  • The pair may resume its decline except there’s a clear transfer above $17,000 and the 100 hourly SMA.

Bitcoin Value Alerts Bearish Bias

Bitcoin value settled under the $17,200 assist degree to maneuver right into a bearish zone. BTC gained tempo under the $17,000 and $16,800 assist ranges. The worth even declined under the $16,500 assist and settled under the 100 hourly easy transferring common.

It examined the $16,200 zone. A low is shaped close to $16,260 and the value is now correcting losses. There was a minor enhance above the $16,500 resistance zone. The worth climbed above the 50% Fib retracement degree of the latest drop from the $16,865 swing excessive to $16,260 low.

Bitcoin value is now buying and selling under $16,800 and the 100 hourly easy transferring common. On the upside, a direct resistance is close to the $16,650 zone. There’s additionally a connecting bearish pattern line forming with resistance close to $16,650 on the hourly chart of the BTC/USD pair.

The pattern line is close to the 61.8% Fib retracement degree of the latest drop from the $16,865 swing excessive to $16,260 low. The primary main resistance is close to the $16,800 zone and the 100 hourly easy transferring common.

Bitcoin Price

Supply: BTCUSD on TradingView.com

A transparent transfer above the $16,800 resistance may name for a transfer in direction of the $17,000 resistance. The subsequent main resistance is close to $17,240, above which the value may acquire tempo and rise in direction of the $18,000 degree.

Extra Downsides in BTC?

If bitcoin fails to clear the $16,800 resistance, there may very well be extra downsides. A direct assist on the draw back is close to the $16,400 degree.

The subsequent main assist is close to the $16,250 zone. A draw back break under the $16,250 assist may name for a drop in direction of the $16,000 degree. Any extra losses may ship the value in direction of $15,500.

Technical indicators:

Hourly MACD – The MACD is now shedding tempo within the bearish zone.

Hourly RSI (Relative Power Index) – The RSI for BTC/USD is now close to the 50 degree.

Main Help Ranges – $16,250, adopted by $16,000.

Main Resistance Ranges – $16,650, $16,800 and $17,000.



Source link

Tags: 17KBiasBitcoinBitcoin NewsContinuesCrypto NewsCrypto UpdatesLatest News on CryptoPriceSB Crypto Guru NewsStruggleTopsideVulnerable
Previous Post

Are Hong Kong and Nigeria Embracing Crypto? – Blockchain Information, Opinion, TV and Jobs

Next Post

What the FTX collapse means for the way forward for crypto

Related Posts

Bitcoin tax panic is rising because the IRS can see your crypto sales — and you may have to prove what you paid

Bitcoin tax panic is rising because the IRS can see your crypto sales — and you may have to prove what you paid

by SB Crypto Guru News
February 18, 2026
0

At 7:12 a.m. on a random Tuesday in February, an email lands with a subject line that looks harmless enough:...

What Is Cryptocurrency Algo Trading? Strategies, Risks, and How to Start

What Is Cryptocurrency Algo Trading? Strategies, Risks, and How to Start

by SB Crypto Guru News
February 18, 2026
0

To be rewarding, trading requires commitment and constant monitoring of market movements. With the level of attention trading requires, one...

Russia’s censorship crackdown and WhatsApp ban expose the decentralization gap the crypto industry keeps missing

Russia’s censorship crackdown and WhatsApp ban expose the decentralization gap the crypto industry keeps missing

by SB Crypto Guru News
February 17, 2026
0

Russia’s recent messaging crackdown is the cleanest real-world stress test of decentralization in years, and it produced an awkward result.Roskomnadzor...

What Is ERC-20? A Beginner’s Guide to Ethereum Tokens

What Is ERC-20? A Beginner’s Guide to Ethereum Tokens

by SB Crypto Guru News
February 17, 2026
0

Most token descriptions in wallets or on exchanges have signs like “ERC‑20”. But what does it mean and why exactly...

Crypto In 2026: Buy Crypto With Zero Fees

Crypto In 2026: Buy Crypto With Zero Fees

by SB Crypto Guru News
February 17, 2026
0

If 2025 taught us anything, it’s that the crypto market never stands still. From institutional shifts to renewed volatility, the...

Load More
Next Post
What the FTX collapse means for the way forward for crypto

What the FTX collapse means for the way forward for crypto

9 Greatest Crypto Derivatives Exchanges In 2023

9 Greatest Crypto Derivatives Exchanges In 2023

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.