• Contact
  • Privacy Policy
  • Terms & Conditions
Sunday, August 14, 2022
Digital Coin News
  • Home
  • Crypto Social
  • News
    • Bitcoin News
    • Altcoins
  • NFT’s
    Buterin says Terra recovery should target smaller holders

    Vitalik Buterin Wants To Upgrade NFTs, Crypto Community Opposes Proposal

    U.S. DoJ Slaps Charges Against Promoters of Baller Ape Club NFT In Rug Pull Scam

    U.S. DoJ Slaps Charges Against Promoters of Baller Ape Club NFT In Rug Pull Scam

    NFT Marketplace OpenSea Flags Data Breach, Here’s What Was Leaked

    NFT Marketplace OpenSea Flags Data Breach, Here’s What Was Leaked

    APE avoids broader market weakness

    Here’s Why Apecoin (APE) Price Is Skyrocketing Today

    ETH Whales Add Over $24 Million Worth Of Sandbox (SAND) Token

    The Sandbox Token (SAND) Eyes $1 On This Bullish Signal

    Uniswap Labs Acquires NFT Startup Genie

    Uniswap Labs Acquires NFT Startup Genie

    Zuckerberg Confirms Instagram And Facebook Will Display NFTs Soon

    Zuckerberg Confirms Instagram And Facebook Will Display NFTs Soon

    eBay Acquires NFT Marketplace KnownOrigin, Here’s Why

    eBay Acquires NFT Marketplace KnownOrigin, Here’s Why

    NFT Collection Doodles Sees 400% Spike In Volumes On This

    NFT Collection Doodles Sees 400% Spike In Volumes On This

  • Metaverse
    Manchester City Teams Up With Roblox To Unveil New Kit In The Metaverse

    Manchester City Teams Up With Roblox To Unveil New Kit In The Metaverse

    Decentraland's Third Metaverse Art Week To Go Live This Month

    Decentraland’s Third Metaverse Art Week To Go Live This Month

    Metaverse 101 with Meta Starring Keke Palmer

    Metaverse 101 with Meta Starring Keke Palmer

    Experience Ghosts Metaverse in Decentraland

    Experience Ghosts Metaverse in Decentraland

    Samsung Launches 'Space Tycoon' As Metaverse Contributions Continue

    Samsung Launches ‘Space Tycoon’ As Metaverse Contributions Continue

    What Can Second Life Teach Us About the Metaverse

    What Can Second Life Teach Us About the Metaverse

    What Role Will VR Play In The Metaverse? Three Experts Give Their Take

    What Role Will VR Play In The Metaverse? Three Experts Give Their Take

    SHIB.io Metaverse Partners Up With the Designer of the Marvel Multiverse

    SHIB.io Metaverse Partners Up With the Designer of the Marvel Multiverse

    The US Army is Building a Metaverse Quicker Than Meta

    The US Army is Building a Metaverse Quicker Than Meta

  • Analysis
    Polkadot

    Polkadot (DOT) To Retest $9.88 Resistance – Can Bulls Regain Solid Footing?

    Ethereum Price Faces Resistance As Merge Date Is Announced

    Ethereum Price Faces Resistance As Merge Date Is Announced

    TA- The Price Of Axie Infinity Struggles Despite Crypto Relief Rally

    TA- The Price Of Axie Infinity Struggles Despite Crypto Relief Rally

    TA- Price Of Cardano Bounces From Support, Gears For A Bullish Run

    TA- Price Of Cardano Bounces From Support, Gears For A Bullish Run

    The Race to Scale Ethereum With zkEVM Rollups

    The Race to Scale Ethereum With zkEVM Rollups

    TA - Harmony (ONE) Price Shows Bullish Signs

    TA – Harmony (ONE) Price Shows Bullish Signs

    Cardano

    Cardano Price Sits Pretty At $0.5, Why A Breakout Is On The Horizon

    Ethereum

    Ethereum Price Forecast Remains Bullish As Network Nears Another Milestone

    Bitcoin

    Bitcoin Price Tops Near $25K, Why Dips Might Be Limited

  • Learn About Crypto
    eCash (XEC) Price Prediction

    ICON (ICX) Price Prediction

    eCash (XEC) Price Prediction

    eCash (XEC) Price Prediction

    What Is USDT Tether Token?

    What Is USDT Tether Token?

    How to Find Lost Bitcoins: a Full Guide

    How to Find Lost Bitcoins: a Full Guide

    What Is Cardano (ADA)? 

    What Is Cardano (ADA)? 

    What Is Web 3.0?

    What Is Web 3.0?

    Top 10 Best Ethereum Wallets 2022

    Top 10 Best Ethereum Wallets 2022

    Helium Mining

    Helium Mining

    Siacoin Price Prediction 2022 – 2031

    Siacoin Price Prediction 2022 – 2031

  • Regulation
    AML and KYC: A catalyst for mainstream crypto adoption

    AML and KYC: A catalyst for mainstream crypto adoption

    Tornado Cash DAO shuts down as it “can’t fight the US” and keep contributors safe

    Tornado Cash DAO shuts down as it “can’t fight the US” and keep contributors safe

    Metaverse still not ready for virtual weddings and legal proceedings

    Metaverse still not ready for virtual weddings and legal proceedings

    Talking with Eva Kaili, VP of the European Parliament, on MiCA regulation

    Talking with Eva Kaili, VP of the European Parliament, on MiCA regulation

    California Financial Regulator Slaps Crypto Lender Celsius With ‘Desist and Refrain’ Order Amid Bankruptcy

    California Financial Regulator Slaps Crypto Lender Celsius With ‘Desist and Refrain’ Order Amid Bankruptcy

    Indian authorities freeze more crypto funds over money laundering allegations

    Indian authorities freeze more crypto funds over money laundering allegations

    Suspected Developer of Crypto Mixer Tornado Cash Arrested in Netherlands for Alleged Money Laundering

    Suspected Developer of Crypto Mixer Tornado Cash Arrested in Netherlands for Alleged Money Laundering

    Uzbekistan blocks access to foreign crypto exchanges over unregistered trading

    Uzbekistan blocks access to foreign crypto exchanges over unregistered trading

    India’s ED freezes $46 million of Vauld’s funds on money-laundering charges

    India’s ED freezes $46 million of Vauld’s funds on money-laundering charges

No Result
View All Result
  • Home
  • Crypto Social
  • News
    • Bitcoin News
    • Altcoins
  • NFT’s
    Buterin says Terra recovery should target smaller holders

    Vitalik Buterin Wants To Upgrade NFTs, Crypto Community Opposes Proposal

    U.S. DoJ Slaps Charges Against Promoters of Baller Ape Club NFT In Rug Pull Scam

    U.S. DoJ Slaps Charges Against Promoters of Baller Ape Club NFT In Rug Pull Scam

    NFT Marketplace OpenSea Flags Data Breach, Here’s What Was Leaked

    NFT Marketplace OpenSea Flags Data Breach, Here’s What Was Leaked

    APE avoids broader market weakness

    Here’s Why Apecoin (APE) Price Is Skyrocketing Today

    ETH Whales Add Over $24 Million Worth Of Sandbox (SAND) Token

    The Sandbox Token (SAND) Eyes $1 On This Bullish Signal

    Uniswap Labs Acquires NFT Startup Genie

    Uniswap Labs Acquires NFT Startup Genie

    Zuckerberg Confirms Instagram And Facebook Will Display NFTs Soon

    Zuckerberg Confirms Instagram And Facebook Will Display NFTs Soon

    eBay Acquires NFT Marketplace KnownOrigin, Here’s Why

    eBay Acquires NFT Marketplace KnownOrigin, Here’s Why

    NFT Collection Doodles Sees 400% Spike In Volumes On This

    NFT Collection Doodles Sees 400% Spike In Volumes On This

  • Metaverse
    Manchester City Teams Up With Roblox To Unveil New Kit In The Metaverse

    Manchester City Teams Up With Roblox To Unveil New Kit In The Metaverse

    Decentraland's Third Metaverse Art Week To Go Live This Month

    Decentraland’s Third Metaverse Art Week To Go Live This Month

    Metaverse 101 with Meta Starring Keke Palmer

    Metaverse 101 with Meta Starring Keke Palmer

    Experience Ghosts Metaverse in Decentraland

    Experience Ghosts Metaverse in Decentraland

    Samsung Launches 'Space Tycoon' As Metaverse Contributions Continue

    Samsung Launches ‘Space Tycoon’ As Metaverse Contributions Continue

    What Can Second Life Teach Us About the Metaverse

    What Can Second Life Teach Us About the Metaverse

    What Role Will VR Play In The Metaverse? Three Experts Give Their Take

    What Role Will VR Play In The Metaverse? Three Experts Give Their Take

    SHIB.io Metaverse Partners Up With the Designer of the Marvel Multiverse

    SHIB.io Metaverse Partners Up With the Designer of the Marvel Multiverse

    The US Army is Building a Metaverse Quicker Than Meta

    The US Army is Building a Metaverse Quicker Than Meta

  • Analysis
    Polkadot

    Polkadot (DOT) To Retest $9.88 Resistance – Can Bulls Regain Solid Footing?

    Ethereum Price Faces Resistance As Merge Date Is Announced

    Ethereum Price Faces Resistance As Merge Date Is Announced

    TA- The Price Of Axie Infinity Struggles Despite Crypto Relief Rally

    TA- The Price Of Axie Infinity Struggles Despite Crypto Relief Rally

    TA- Price Of Cardano Bounces From Support, Gears For A Bullish Run

    TA- Price Of Cardano Bounces From Support, Gears For A Bullish Run

    The Race to Scale Ethereum With zkEVM Rollups

    The Race to Scale Ethereum With zkEVM Rollups

    TA - Harmony (ONE) Price Shows Bullish Signs

    TA – Harmony (ONE) Price Shows Bullish Signs

    Cardano

    Cardano Price Sits Pretty At $0.5, Why A Breakout Is On The Horizon

    Ethereum

    Ethereum Price Forecast Remains Bullish As Network Nears Another Milestone

    Bitcoin

    Bitcoin Price Tops Near $25K, Why Dips Might Be Limited

  • Learn About Crypto
    eCash (XEC) Price Prediction

    ICON (ICX) Price Prediction

    eCash (XEC) Price Prediction

    eCash (XEC) Price Prediction

    What Is USDT Tether Token?

    What Is USDT Tether Token?

    How to Find Lost Bitcoins: a Full Guide

    How to Find Lost Bitcoins: a Full Guide

    What Is Cardano (ADA)? 

    What Is Cardano (ADA)? 

    What Is Web 3.0?

    What Is Web 3.0?

    Top 10 Best Ethereum Wallets 2022

    Top 10 Best Ethereum Wallets 2022

    Helium Mining

    Helium Mining

    Siacoin Price Prediction 2022 – 2031

    Siacoin Price Prediction 2022 – 2031

  • Regulation
    AML and KYC: A catalyst for mainstream crypto adoption

    AML and KYC: A catalyst for mainstream crypto adoption

    Tornado Cash DAO shuts down as it “can’t fight the US” and keep contributors safe

    Tornado Cash DAO shuts down as it “can’t fight the US” and keep contributors safe

    Metaverse still not ready for virtual weddings and legal proceedings

    Metaverse still not ready for virtual weddings and legal proceedings

    Talking with Eva Kaili, VP of the European Parliament, on MiCA regulation

    Talking with Eva Kaili, VP of the European Parliament, on MiCA regulation

    California Financial Regulator Slaps Crypto Lender Celsius With ‘Desist and Refrain’ Order Amid Bankruptcy

    California Financial Regulator Slaps Crypto Lender Celsius With ‘Desist and Refrain’ Order Amid Bankruptcy

    Indian authorities freeze more crypto funds over money laundering allegations

    Indian authorities freeze more crypto funds over money laundering allegations

    Suspected Developer of Crypto Mixer Tornado Cash Arrested in Netherlands for Alleged Money Laundering

    Suspected Developer of Crypto Mixer Tornado Cash Arrested in Netherlands for Alleged Money Laundering

    Uzbekistan blocks access to foreign crypto exchanges over unregistered trading

    Uzbekistan blocks access to foreign crypto exchanges over unregistered trading

    India’s ED freezes $46 million of Vauld’s funds on money-laundering charges

    India’s ED freezes $46 million of Vauld’s funds on money-laundering charges

No Result
View All Result
Digital Coin News
No Result
View All Result
Home Analysis

Bitcoin Price Reclaims $20K, Can BTC Surpass The 100 SMA

July 15, 2022
in Analysis
0
Bitcoin
81
SHARES
1.4k
VIEWS
Share on FacebookShare on Twitter

Bitcoin extended losses and traded below $19,200 against the US Dollar. BTC found support near $19,000 and started an upside correction.

  • Bitcoin traded as low as $18,916 and started an upside correction.
  • The price is now trading above the $20,000 level and testing the 100 hourly simple moving average.
  • There was a break above a key bearish trend line with resistance near $19,400 on the hourly chart of the BTC/USD pair (data feed from Kraken).
  • The pair might gain bullish momentum if it clears the 100 hourly SMA and $20,600.

Bitcoin Price Recovers Above $20K

Bitcoin price started a fresh decline below the $20,000 support zone. The price even broke the $19,600 and $19,250 support levels.

Finally, there was a spike below the $19,000 level. A low was formed near $18,916 and the price is now correcting losses. There was a steady move above the $19,250 and $19,500 levels. The bulls pumped the price above the 23.6% Fib retracement level of the downward move from the $22,499 swing high to $18,916 low.

Besides, there was a break above a key bearish trend line with resistance near $19,400 on the hourly chart of the BTC/USD pair. The price even climbed above the $20,000 resistance level.

Bitcoin is now trading above the $20,000 level and testing the 100 hourly simple moving average. It seems to be facing resistance near the $20,350 level. On the upside, the price could resistance near the $20,600 level. The next key resistance is near the $20,700 zone.

The 50% Fib retracement level of the downward move from the $22,499 swing high to $18,916 low is also near the $20,700 level. A close above the $20,700 resistance zone could set the pace for a decent increase.

Bitcoin Price

Source: BTCUSD on TradingView.com

In the stated case, the price may perhaps rise towards the $21,650 level. The next major resistance sits near the $22,000 level.

Fresh Decline in BTC?

If bitcoin fails to start a recovery wave above the $20,600 level, it could start a fresh decline. An immediate support on the downside is near the $20,000 level.

The next major support now sits near the $19,500 level. A close below the $19,500 support zone could accelerate losses. In the stated case, there is a risk of a move towards the $18,800 level.

Technical indicators:

Hourly MACD – The MACD is now gaining pace in the bullish zone.

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

Major Support Levels – $20,000, followed by $19,500.

Major Resistance Levels – $20,350, $20,600 and $20,700.

Source link

Tags: 20KBitcoinBTCPriceReclaimsSMASurpass
Previous Post

Biden Administration Wants Public Opinion on New Digital Asset Executive Order

Next Post

Philippines’ digital transformation could make it a new crypto hub

Next Post
Philippines’ digital transformation could make it a new crypto hub

Philippines’ digital transformation could make it a new crypto hub

Leave a Reply Cancel reply

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

Related News

Next Earth and SEE Turtles Collaborate on a Metaverse Charity Game

Next Earth and SEE Turtles Collaborate on a Metaverse Charity Game

April 21, 2022
ECB urges crypto regulation

EU Postpones Bill To Ban “Proof Of Work” Tokens; ECB Calls For Immediate Regulations

February 26, 2022
EU securities regulator recommends ban on proof-of-work crypto

EU securities regulator recommends ban on proof-of-work crypto

February 25, 2022

Browse by Category

  • Altcoins
  • Analysis
  • Bitcoin News
  • Learn About Crypto
  • Metaverse
  • NFT’s
  • Regulation
Digital Coin News

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, Metaverse, NFT Market, and more.

CATEGORIES

  • Altcoins
  • Analysis
  • Bitcoin News
  • Learn About Crypto
  • Metaverse
  • NFT’s
  • Regulation

RECENT POST

  • Manchester City Teams Up With Roblox To Unveil New Kit In The Metaverse
  • Youtube Crypto Influencer BitBoy Crypto Warns That He Is Planning Something That “Will Permanently Change Crypto”
  • Polkadot (DOT) To Retest $9.88 Resistance – Can Bulls Regain Solid Footing?
  • Contact
  • Privacy Policy
  • Terms & Conditions

© 2022 Digitalcoinnews.com - All rights reserved.

No Result
View All Result
  • Home
  • Crypto Social
  • News
    • Bitcoin News
    • Altcoins
  • NFT’s
  • Metaverse
  • Analysis
  • Learn About Crypto
  • Regulation

© 2022 Digitalcoinnews.com - All rights reserved.

  • bitcoinBitcoin(BTC)
    $24,300.00-0.73% 24H
    BITCOIN
    24H : -0.73%
    Volume : $21,458,403,189.00
    Marketcap : $464,704,279,775.00
  • ethereumEthereum(ETH)
    $1,930.26-2.81% 24H
    ETHEREUM
    24H : -2.81%
    Volume : $11,757,678,005.00
    Marketcap : $231,549,785,406.00
  • tetherTether(USDT)
    $1.00-0.19% 24H
    TETHER
    24H : -0.19%
    Volume : $43,858,238,135.00
    Marketcap : $67,385,015,773.00
  • usd-coinUSD Coin(USDC)
    $1.000.190% 24H
    USD COIN
    24H : 0.190%
    Volume : $4,644,223,988.00
    Marketcap : $53,696,644,758.00
  • binancecoinBNB(BNB)
    $319.42-2.13% 24H
    BNB
    24H : -2.13%
    Volume : $964,706,629.00
    Marketcap : $52,140,838,116.00