• News
    • Bitcoin
    • Altcoins
    • Blockchain
    • DeFi
    • Regulation
    • Scams
  • NFT
  • Metaverse
  • Analysis
  • Learn
  • Market Cap
  • Shop
What's Hot

What Is Yield Farming in Crypto? A Beginner’s Guide to DeFi Income

2025-06-02

US Treasury sanctions Philippines tech firm over aiding $200 million pig butchering spree

2025-05-30

What Is Asset Tokenization? Types, Why It Matters Now [2025]

2025-05-30
Facebook Twitter Instagram
  • Contact
  • Terms & Conditions
  • Privacy Policy
  • DMCA
  • Financial Disclosure
Twitter Instagram YouTube
Crypto Semantic
  • News
    • Bitcoin
    • Altcoins
    • Blockchain
    • DeFi
    • Regulation
    • Scams
  • NFT

    All Eyes on Art: Upcoming Collections to Watch the Week of January 28

    2025-02-03

    Op-Ed: The Artist and the Artificial Sublime

    2025-01-20

    Zora launches onchain NFT secondary markets with Uniswap

    2024-08-12

    NFT sales surge led by DMarket on Ethereum

    2024-08-12

    Top NFT Collections by Sales This Week: DMarket Surges Ahead

    2024-08-11
  • Metaverse

    Shib: The Metaverse – Part of the Expanding Shiba Inu Ecosystem

    2025-01-03

    Experience to Earn: Everdome’s Metaverse Frontier

    2024-12-30

    Beyond Bots: Meta Motivo and the Dawn of Humanlike Digital Life

    2024-12-13

    Exploring NetVRk: What Is Behind This AI-Driven Virtual Universe?

    2024-10-28

    Council of Europe Highlights Metaverse’s Impact on Privacy and Democracy

    2024-09-05
  • Analysis

    Analyst Says Momentum Is Going To Switch to Ethereum, Predicts Capital Rotation to Altcoins

    2024-02-20

    Bitcoin Price Rally In Jeopardy? Decoding Key Hurdles To More Upsides

    2024-02-19

    Arweave’s AR token hits 18-month high amid rapid growth and innovation

    2024-02-19

    Largest Bitcoin Whales Gobble Up Nearly $13,000,000,000 Worth of BTC in 2024 Alone: Santiment

    2024-02-19

    NEAR Skyrockets 30% – Investors Intrigued By These Metrics

    2024-02-19
  • Learn

    What Is Yield Farming in Crypto? A Beginner’s Guide to DeFi Income

    2025-06-02

    What Is Asset Tokenization? Types, Why It Matters Now [2025]

    2025-05-30

    Key Innovations, Challenges, and What Comes Next

    2025-05-27

    What Is Crypto Margin Trading? A Beginner-Friendly Guide to Leverage

    2025-05-26

    Types, Use Cases and Why They Matter

    2025-05-24
  • Market Cap
  • Shop
Crypto Semantic
Home»Analysis»Bitcoin Price Could See Downside Thrust Before Fresh Increase To $29K
Analysis

Bitcoin Price Could See Downside Thrust Before Fresh Increase To $29K

2023-10-19No Comments3 Mins Read
Share
Facebook Twitter LinkedIn Pinterest Email

Bitcoin value is slowly transferring decrease under the $28,500 degree. BTC might drop towards the $28,000 degree or the 100 hourly SMA earlier than the bulls take a stand.

  • Bitcoin is struggling to achieve traction for a transfer above the $28,500 degree.
  • The value is buying and selling above $27,750 and the 100 hourly Easy transferring common.
  • There was a break under a key bullish development line with assist close to $28,400 on the hourly chart of the BTC/USD pair (information feed from Kraken).
  • The pair might revisit the 100 hourly Easy transferring common earlier than it makes an attempt a recent improve.

Bitcoin Worth Extends Draw back Correction

Bitcoin value began a draw back correction from the $30,000 resistance zone. BTC struggled to remain in a optimistic zone and settled under the $28,500 pivot degree.

Not too long ago, the bears pushed the value under the $28,200 degree. Apart from, there was a break under a key bullish development line with assist close to $28,400 on the hourly chart of the BTC/USD pair. A low is shaped close to $28,150 and the value is now consolidating losses.

Bitcoin is now buying and selling above $27,750 and the 100 hourly Easy transferring common. On the upside, quick resistance is close to the $28,550 degree. It’s near the 50% Fib retracement degree of the latest decline from the $28,980 swing excessive to the $28,150 low.

The subsequent key resistance might be close to $28,800 or the 76.4% Fib retracement degree of the latest decline from the $28,980 swing excessive to the $28,150 low.

See also  Weekly NFT Sales Record Minor Ebb While Bitcoin Maintains Dominance

Bitcoin Price

Supply: BTCUSD on TradingView.com

The principle resistance is now close to the $29,000 zone. A transparent transfer above the $29,000 resistance zone might set the tempo for a bigger improve. The subsequent key resistance might be $29,500. Any extra good points would possibly ship BTC towards the $30,000 degree.

Extra Losses In BTC?

If Bitcoin fails to rise above the $28,550 resistance zone, it might slide additional. Rapid assist on the draw back is close to the $28,150 degree.

The subsequent main assist is close to the $28,000 degree and the 100 hourly Easy transferring common. A draw back break and shut under the $28,000 assist would possibly set off extra losses within the close to time period. The subsequent assist sits at $27,660, under which it might take a look at $28,120.

Technical indicators:

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

Hourly RSI (Relative Energy Index) – The RSI for BTC/USD is now under the 50 degree.

Main Help Ranges – $28,150, adopted by $28,000.

Main Resistance Ranges – $28,550, $28,800, and $29,000.

Source link

29k Bitcoin downside Fresh Increase Price Thrust
Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

Bitcoin vs. Altcoins: What Are The Differences?

2025-02-26

What Can You Buy with Bitcoin? Everything You Need to Know

2025-02-14

Ethereum vs Bitcoin: Difference Between this Cryptocurrencies

2025-02-07

Uniswap (UNI) Price Prediction 2025 2026 2027

2025-01-08
Add A Comment

Leave A Reply Cancel Reply

Top Posts
NFT

Amplifying the Power of NFT Marketing Through Social Media

2023-06-09

NFT As non-fungible tokens (NFTs) proceed to make an enormous splash within the digital world,…

Blockchain

How to improve your Web2 business with blockchain

2023-10-20

The non-public sector is simply scratching the floor of blockchain expertise’s transformative potential. Conventional companies…

Blockchain

Wicrypt Unveils WiFi Hotspots with On-Chain peaq IDs

2023-11-09

Wicrypt Community, a pioneer in decentralized cell Web sharing and monetization, is forging forward with…

Subscribe to Updates

Get the latest news and Update from Crypto Semantic about Crypto, Metaverse and NFT.

About
About

Our mission is to develop a community of people who try to make financially sound decisions. The website strives to educate individuals in making wise choices about Cryptocurrencies, NFT, Metaverse and more.

We're social. Connect with us:

Twitter Instagram
Popular Post

Snoop Dogg revealed as co-founder of Web3-powered livestream platform

2023-03-05

Where Does Azuki Elementals Crisis Come From? Is There A New Path?

2023-07-03

Chainlink: Will whales help drive interest in LINK?

2023-10-22

Get the latest news and Update from Crypto Semantic about Crypto, Metaverse and NFT.

  • Contact
  • Terms & Conditions
  • Privacy Policy
  • DMCA
  • Financial Disclosure
© 2025 cryptosemantic.com. Designed by ProdigitalX.

Type above and press Enter to search. Press Esc to cancel.

  • Kinza Babylon Staked BTCKinza Babylon Staked BTC(KBTC)$83,270.000.00%
  • Vested XORVested XOR(VXOR)$3,404.231,000.00%
  • ICPanda DAOICPanda DAO(PANDA)$0.003106-39.39%
  • bitcoinBitcoin(BTC)$105,346.00-0.87%
  • ethereumEthereum(ETH)$2,656.211.57%
  • tetherTether(USDT)$1.00-0.02%
  • rippleXRP(XRP)$2.25-0.81%
  • binancecoinBNB(BNB)$669.530.25%
  • solanaSolana(SOL)$157.34-2.56%
  • usd-coinUSDC(USDC)$1.000.00%
bitcoin
Bitcoin (BTC) $ 105,367.23
ethereum
Ethereum (ETH) $ 2,662.42
tether
Tether (USDT) $ 1.00
xrp
XRP (XRP) $ 2.25
bnb
BNB (BNB) $ 669.67
solana
Solana (SOL) $ 156.95
usd-coin
USDC (USDC) $ 1.00
dogecoin
Dogecoin (DOGE) $ 0.192601
tron
TRON (TRX) $ 0.272903
cardano
Cardano (ADA) $ 0.68766