• Contact
  • Privacy Policy
  • Terms & Conditions
Thursday, August 11, 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
    Play2Earn Expo Asia Coverage: Gala Music Takes Fans to Snoop Dogg BBQ

    Play2Earn Expo Asia Coverage: Gala Music Takes Fans to Snoop Dogg BBQ

    Ethereum’s Buterin Reveals Sobering Outlook For Corporate Metaverse Dreams

    Ethereum’s Buterin Reveals Sobering Outlook For Corporate Metaverse Dreams

    Top 10 Questions about Crypto and Metaverse Answered

    Top 10 Questions about Crypto and Metaverse Answered

    Southeast Europe Becoming a Hotbed of Metaverse Gaming 

    Southeast Europe Becoming a Hotbed of Metaverse Gaming 

    Instagram Expands NFT Integration With Flow Blockchain

    Instagram Expands NFT Integration With Flow Blockchain

    What's the Forecast for Web 3.0: Will We Have Weather in the Metaverse?

    What’s the Forecast for Web 3.0: Will We Have Weather in the Metaverse?

    NAS Academy to Launch Web3 Learning Library NFTs

    NAS Academy to Launch Web3 Learning Library NFTs

    Jim Carrey Auctions 'Goon in Moonlight' NFT on SuperRare

    Jim Carrey Auctions ‘Goon in Moonlight’ NFT on SuperRare

    Mythical Games CEO: The Future of P2E is Play-and-Own

    Mythical Games CEO: The Future of P2E is Play-and-Own

  • Analysis
    Cardano

    Cardano Tests $0.51 Support – Can ADA Reach Safe Zone And Hit $0.67?

    Ethereum

    Ethereum Climbs To $1,900, Why $2K Could Be Next

    TA- Binance Coin Continues To Look Strong Despite Altcoins Shakeout

    TA- Binance Coin Continues To Look Strong Despite Altcoins Shakeout

    Monero

    Monero Faces Pressure In Keeping Upward Pace – Will XMR Overcome Resistance?

    Bitcoin

    Bitcoin Price Takes Hit, Why BTC Remains at Risk of More Losses

    TA- My Neighbor Alice Could Be Set For A Major Bounce

    TA- My Neighbor Alice Could Be Set For A Major Bounce

    TA- STEPN (GMT) Could Be Set For A Major Rally After Bullish Signs

    TA- STEPN (GMT) Could Be Set For A Major Rally After Bullish Signs

    bitcoin price support

    Has Bitcoin Price Found Support At A Decade-Long Trend Line?

    Bitcoin

    Bitcoin Price Holds Support, Why BTC Might Attempt Fresh Increase

  • Learn About Crypto
    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

    Top Blockchain Events in 2022

    Top Blockchain Events in 2022

    What Is MetaMask and How to Install It

    What Is MetaMask and How to Install It

    What Is Polygon (MATIC)?

    What Is Polygon (MATIC)?

  • Regulation
    The Philippines halts virtual asset provider license applications

    The Philippines halts virtual asset provider license applications

    South Korea double downs on crypto regulation, arrests 3 people over illegal trading biz

    South Korea double downs on crypto regulation, arrests 3 people over illegal trading biz

    Mark Cuban faces class action lawsuit for promoting Voyager crypto products

    Mark Cuban faces class action lawsuit for promoting Voyager crypto products

    MakerDAO plans against sanctions from USDC exposure

    MakerDAO plans against sanctions from USDC exposure

    Former BitMEX Executive Faces Up to Five Years in Prison After Pleading Guilty to Violating Bank Secrecy Act

    Former BitMEX Executive Faces Up to Five Years in Prison After Pleading Guilty to Violating Bank Secrecy Act

    Coinsquare chief operating officer shares thoughts on being the first regulated crypto dealer exchange in Canada

    Coinsquare chief operating officer shares thoughts on being the first regulated crypto dealer exchange in Canada

    SEC orders Bloom Protocol to register BLT token as security or face $31M fine

    SEC orders Bloom Protocol to register BLT token as security or face $31M fine

    SBI Group reports investee getting CFTC approval for OTC derivatives trading in US

    SBI Group reports investee getting CFTC approval for OTC derivatives trading in US

    Crypto exchange Hotbit says it froze customer funds due to alleged criminal ties of formal employee

    Crypto exchange Hotbit says it froze customer funds due to alleged criminal ties of formal employee

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
    Play2Earn Expo Asia Coverage: Gala Music Takes Fans to Snoop Dogg BBQ

    Play2Earn Expo Asia Coverage: Gala Music Takes Fans to Snoop Dogg BBQ

    Ethereum’s Buterin Reveals Sobering Outlook For Corporate Metaverse Dreams

    Ethereum’s Buterin Reveals Sobering Outlook For Corporate Metaverse Dreams

    Top 10 Questions about Crypto and Metaverse Answered

    Top 10 Questions about Crypto and Metaverse Answered

    Southeast Europe Becoming a Hotbed of Metaverse Gaming 

    Southeast Europe Becoming a Hotbed of Metaverse Gaming 

    Instagram Expands NFT Integration With Flow Blockchain

    Instagram Expands NFT Integration With Flow Blockchain

    What's the Forecast for Web 3.0: Will We Have Weather in the Metaverse?

    What’s the Forecast for Web 3.0: Will We Have Weather in the Metaverse?

    NAS Academy to Launch Web3 Learning Library NFTs

    NAS Academy to Launch Web3 Learning Library NFTs

    Jim Carrey Auctions 'Goon in Moonlight' NFT on SuperRare

    Jim Carrey Auctions ‘Goon in Moonlight’ NFT on SuperRare

    Mythical Games CEO: The Future of P2E is Play-and-Own

    Mythical Games CEO: The Future of P2E is Play-and-Own

  • Analysis
    Cardano

    Cardano Tests $0.51 Support – Can ADA Reach Safe Zone And Hit $0.67?

    Ethereum

    Ethereum Climbs To $1,900, Why $2K Could Be Next

    TA- Binance Coin Continues To Look Strong Despite Altcoins Shakeout

    TA- Binance Coin Continues To Look Strong Despite Altcoins Shakeout

    Monero

    Monero Faces Pressure In Keeping Upward Pace – Will XMR Overcome Resistance?

    Bitcoin

    Bitcoin Price Takes Hit, Why BTC Remains at Risk of More Losses

    TA- My Neighbor Alice Could Be Set For A Major Bounce

    TA- My Neighbor Alice Could Be Set For A Major Bounce

    TA- STEPN (GMT) Could Be Set For A Major Rally After Bullish Signs

    TA- STEPN (GMT) Could Be Set For A Major Rally After Bullish Signs

    bitcoin price support

    Has Bitcoin Price Found Support At A Decade-Long Trend Line?

    Bitcoin

    Bitcoin Price Holds Support, Why BTC Might Attempt Fresh Increase

  • Learn About Crypto
    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

    Top Blockchain Events in 2022

    Top Blockchain Events in 2022

    What Is MetaMask and How to Install It

    What Is MetaMask and How to Install It

    What Is Polygon (MATIC)?

    What Is Polygon (MATIC)?

  • Regulation
    The Philippines halts virtual asset provider license applications

    The Philippines halts virtual asset provider license applications

    South Korea double downs on crypto regulation, arrests 3 people over illegal trading biz

    South Korea double downs on crypto regulation, arrests 3 people over illegal trading biz

    Mark Cuban faces class action lawsuit for promoting Voyager crypto products

    Mark Cuban faces class action lawsuit for promoting Voyager crypto products

    MakerDAO plans against sanctions from USDC exposure

    MakerDAO plans against sanctions from USDC exposure

    Former BitMEX Executive Faces Up to Five Years in Prison After Pleading Guilty to Violating Bank Secrecy Act

    Former BitMEX Executive Faces Up to Five Years in Prison After Pleading Guilty to Violating Bank Secrecy Act

    Coinsquare chief operating officer shares thoughts on being the first regulated crypto dealer exchange in Canada

    Coinsquare chief operating officer shares thoughts on being the first regulated crypto dealer exchange in Canada

    SEC orders Bloom Protocol to register BLT token as security or face $31M fine

    SEC orders Bloom Protocol to register BLT token as security or face $31M fine

    SBI Group reports investee getting CFTC approval for OTC derivatives trading in US

    SBI Group reports investee getting CFTC approval for OTC derivatives trading in US

    Crypto exchange Hotbit says it froze customer funds due to alleged criminal ties of formal employee

    Crypto exchange Hotbit says it froze customer funds due to alleged criminal ties of formal employee

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

Bitcoin Price Turns Red, Why BTC Could Extend Losses

July 26, 2022
in Analysis
0
Bitcoin
81
SHARES
1.4k
VIEWS
Share on FacebookShare on Twitter

Bitcoin started a fresh decline below the $22,000 support against the US Dollar. BTC is declining and might extend losses below the $20,500 support zone.

  • Bitcoin started a fresh decline and traded below the $22,000 level.
  • The price is now trading below the $22,000 level and the 100 hourly simple moving average.
  • There is a major bearish trend line forming with resistance near $21,950 on the hourly chart of the BTC/USD pair (data feed from Kraken).
  • The pair might decline further if there is a clear move below the $20,800 level.

Bitcoin Price Gains Bearish Momentum

Bitcoin price started a fresh decline after it failed to clear the $24,000 resistance zone. There was a steady decline below the $23,500 and $23,000 levels.

The bears gained strength for a move below the $22,500 support level and the 100 hourly simple moving average. Finally, the price traded below the $21,500 support level and even spiked below $21,000. A low is formed near $20,994 and the price is now consolidating losses.

On the upside, bitcoin price could face resistance near the $21,650 level. It is near the 50% Fib retracement level of the recent decline from the $22,250 swing high to $20,994 low.

The next key resistance is near the $22,000 zone. There is also a major bearish trend line forming with resistance near $21,950 on the hourly chart of the BTC/USD pair. The trend line is near the 76.4% Fib retracement level of the recent decline from the $22,250 swing high to $20,994 low.

Bitcoin Price

Source: BTCUSD on TradingView.com

A close above the $22,000 resistance zone could set the pace for more gains. In the stated case, the price may perhaps rise towards the $22,500 level. The next major resistance sits near the $23,000 level.

More Losses in BTC?

If bitcoin fails to start a recovery wave above the $21,650 level, it could continue to move down. An immediate support on the downside is near the $21,000 level.

The next major support now sits near the $20,500 level. A clear break and close below the $20,500 support zone might send the price towards $20,000 in the near term.

Technical indicators:

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

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

Major Support Levels – $21,000, followed by $20,500.

Major Resistance Levels – $21,650, $22,000 and $22,500.

Source link

Tags: BitcoinBTCExtendLossesPriceRedTurns
Previous Post

Hong Kong positioned as the most crypto-ready country in 2022

Next Post

SEC is investigating Coinbase over ‘securities’ listing

Next Post
SEC is investigating Coinbase over ‘securities’ listing

SEC is investigating Coinbase over 'securities' listing

Leave a Reply Cancel reply

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

Related News

Gala Games (GALA) Announces Galaverse Dates; GALA Price Jumps By 18% In Last 24 hrs

Gala Games (GALA) Announces Galaverse Dates; GALA Price Jumps By 18% In Last 24 hrs

February 15, 2022
Bitcoin

Two Months Of Extreme Fear Leaves Crypto In Panic, Bitcoin At $20K

June 22, 2022
Coinbase NFT

Coinbase Misses First Quarter Revenue, $COIN Shares Plummet

May 11, 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

  • $10 Trillion Asset Manager BlackRock Unveils Bitcoin Spot Exposure Via Private Trust
  • The Philippines halts virtual asset provider license applications
  • Is The Bitcoin Surge Due To An External Reason? What The Data Suggests
  • 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)
    $24,586.002.27% 24H
    BITCOIN
    24H : 2.27%
    Volume : $34,163,387,125.00
    Marketcap : $470,152,753,081.00
  • ethereumEthereum(ETH)
    $1,904.173.17% 24H
    ETHEREUM
    24H : 3.17%
    Volume : $22,933,196,848.00
    Marketcap : $228,629,841,347.00
  • tetherTether(USDT)
    $1.000.030% 24H
    TETHER
    24H : 0.030%
    Volume : $64,196,228,781.00
    Marketcap : $66,808,599,664.00
  • usd-coinUSD Coin(USDC)
    $1.000.060% 24H
    USD COIN
    24H : 0.060%
    Volume : $8,535,127,259.00
    Marketcap : $53,946,254,782.00
  • binancecoinBNB(BNB)
    $329.17-2.07% 24H
    BNB
    24H : -2.07%
    Volume : $1,503,025,170.00
    Marketcap : $53,770,299,558.00