Bitcoin Extends Decline, Key $-To The Moon - Tiger Brokers Online Investing Community - To The Moon

Bitcoin Extends Decline, Key $20,000 Support _

> BTC is down 20% and approaching the key $20,000 support zone.

A new multi-week low is formed near $20,824 and the price is still trading in a strong downtrend. There was a close below the $22,000 level and the 100 hourly simple moving average.

Bitcoin is now consolidating near the $21,000 level. An immediate resistance on the upside is near the $21,800 level. The first major resistance is near the $22,000 level. If there is a clear move above the trend line, the pair could rise towards the $23,000 level. The main resistance is near the $25,000 level.

If bitcoin fails to clear the $22,100 resistance zone and the trend line, it could continue to move down. An immediate support on the downside is near the $21,000 level.

The next major support is near the $20,000 level. A downside break below the $20,000 support could send the price further lower. In the stated case, the price could drop towards the $18,500 support zone in the near term.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

Lynn098
2022-06-14
Lynn098
Low will go lower
LeongSS
2022-06-14
LeongSS
thanks for sharing. keep it up
Thalos
2022-06-14
Thalos
Well define TA. Good to know
AuntieAaA
2022-06-14
AuntieAaA
okay
Kelvinpek
2022-06-14
Kelvinpek
Ok
iceflower
2022-06-14
iceflower
k

Leave a comment

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There was a close below the $22,000 level and the 100 hourly simple moving average.</p><p>Bitcoin is now consolidating near the $21,000 level. An immediate resistance on the upside is near the $21,800 level. The first major resistance is near the $22,000 level. If there is a clear move above the trend line, the pair could rise towards the $23,000 level. The main resistance is near the $25,000 level.</p><p>If bitcoin fails to clear the $22,100 resistance zone and the trend line, it could continue to move down. An immediate support on the downside is near the $21,000 level.</p><p>The next major support is near the $20,000 level. A downside break below the $20,000 support could send the price further lower. In the stated case, the price could drop towards the $18,500 support zone in the near term.</p><img src=\"https://community-static.tradeup.com/news/02b8d192e5cb53ac66947d474ba0ded7\" tg-width=\"1834\" tg-height=\"845\"></body></html>","htmlText":"<html><head></head><body><p><b><u>Bitcoin Extends Decline, Key $20,000 Support</u></b> _&nbsp;</p><p>&gt;&nbsp;BTC is down 20% and approaching the key $20,000 support zone.</p><p>A new multi-week low is formed near $20,824 and the price is still trading in a strong downtrend. There was a close below the $22,000 level and the 100 hourly simple moving average.</p><p>Bitcoin is now consolidating near the $21,000 level. An immediate resistance on the upside is near the $21,800 level. The first major resistance is near the $22,000 level. If there is a clear move above the trend line, the pair could rise towards the $23,000 level. The main resistance is near the $25,000 level.</p><p>If bitcoin fails to clear the $22,100 resistance zone and the trend line, it could continue to move down. An immediate support on the downside is near the $21,000 level.</p><p>The next major support is near the $20,000 level. A downside break below the $20,000 support could send the price further lower. In the stated case, the price could drop towards the $18,500 support zone in the near term.</p><img src=\"https://community-static.tradeup.com/news/02b8d192e5cb53ac66947d474ba0ded7\" tg-width=\"1834\" tg-height=\"845\"></body></html>","text":"Bitcoin Extends Decline, Key $20,000 Support _ > BTC is down 20% and approaching the key $20,000 support zone. A new multi-week low is formed near $20,824 and the price is still trading in a strong downtrend. There was a close below the $22,000 level and the 100 hourly simple moving average. Bitcoin is now consolidating near the $21,000 level. An immediate resistance on the upside is near the $21,800 level. The first major resistance is near the $22,000 level. If there is a clear move above the trend line, the pair could rise towards the $23,000 level. The main resistance is near the $25,000 level. If bitcoin fails to clear the $22,100 resistance zone and the trend line, it could continue to move down. An immediate support on the downside is near the $21,000 level. The next major support is near the $20,000 level. A downside break below the $20,000 support could send the price further lower. 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