Bitcoin (BTC) PRICE NOW: $39,600.0000000024h change: 2.23% Ethereum (ETH) PRICE NOW: $2,324.2600000024h change: 3.00% PRiVCY (PRIV) PRICE NOW: $3,490.6000000024h change: -2.07% Binance Coin (BNB) PRICE NOW: $314.0700000024h change: 1.82% Cardano (ADA) PRICE NOW: $1.2795000024h change: 1.38% XRP (XRP) PRICE NOW: $0.7055000024h change: 1.94% USD Coin (USDC) PRICE NOW: $0.9999000024h change: 0.01% Dogecoin (DOGE) PRICE NOW: $0.2031300024h change: 0.73% HEX (HEX) PRICE NOW: $0.1281519724h change: -1.89% Polkadot (DOT) PRICE NOW: $14.9740000024h change: 6.31% Binance USD (BUSD) PRICE NOW: $0.9997000024h change: 0.02% Uniswap (UNI) PRICE NOW: $19.3976090624h change: 2.82% Bitcoin Cash (BCH) PRICE NOW: $535.3200000024h change: 7.01% Litecoin (LTC) PRICE NOW: $141.0200000024h change: 4.76% Chainlink (LINK) PRICE NOW: $18.9210000024h change: 1.52%
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Bitcoin price extended its decline below the $30,000 support against the US Dollar. BTC is finding bids near $29,250 and it might attempt an upside correction. Bitcoin is following a bearish path and it broke the key $30,000 support zone. The price is now trading well below $31,000 and the 100 hourly simple moving average. There is a key bearish trend line forming with resistance near $31,300 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could start a decent upside correction if it remains stable above the $29,250 level. Bitcoin Price Settles Below $30K Bitcoin price extended its decline below the $30,200 and $30,000 support levels. BTC even settled well below the $30,000 level and the 100 hourly simple moving average to move further into a bearish zone. The price even spiked below $29,500 and traded as low as $29,313. It seems like bitcoin is forming a support base above the $29,250 level. An initial resistance on the upside is near the $30,000 level. It is close to the 23.6% Fib retracement level of the recent downward move from the $31,900 swing high to $29,313 low. The first major resistance is near the $30,600 level. It is near the 50% Fib retracement level of the recent downward move from the $31,900 swing high to $29,313 low. Source: BTCUSD on TradingView.com There is also a key bearish trend line forming with resistance near $31,300 on the hourly chart of the BTC/USD pair. In the short-term, bitcoin price might start a decent recovery above $30,000, but it might face barriers near the $31,000 level in the near term. More Losses in BTC? If bitcoin fails to recover above the $30,000 and $30,600 resistance levels, there is a risk of more losses. An initial support on the downside is near the $29,350 level. The first major support is now near the $29,250 zone. A clear downside break below the recent low and $29,250 might call for a move below the $29,000 level. The next key support is seen near the $28,000 level. Technical indicators: Hourly MACD – The MACD is now losing pace in the bearish zone. Hourly RSI (Relative Strength Index) – The RSI for BTC/USD is rising and it might soon clear the 50 level. Major Support Levels – $29,250, followed by $29,000. Major Resistance Levels – $30,000, $30,600 and $31,000.

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