{"id":168662,"date":"2022-12-21T05:25:35","date_gmt":"2022-12-21T05:25:35","guid":{"rendered":"https:\/\/precoinnews.com\/?p=168662"},"modified":"2022-12-21T05:25:35","modified_gmt":"2022-12-21T05:25:35","slug":"bitcoin-price-analysis-btc-at-risk-of-another-crash","status":"publish","type":"post","link":"https:\/\/precoinnews.com\/crypto\/bitcoin-price-analysis-btc-at-risk-of-another-crash\/","title":{"rendered":"Bitcoin Price Analysis: BTC At Risk of Another Crash"},"content":{"rendered":"

Bitcoin price is struggling below $17,200 against the US Dollar. BTC might extend losses if it stays below the $17,200 and $17,350 resistance levels.<\/em><\/p>\n

Bitcoin Price Analysis<\/h2>\n

Bitcoin price started a fresh decline below the $17,800 zone. There was a steady decline below the $17,500 and $17,350 support levels.<\/p>\n

The decline gained pace below the $17,200 level and the 55 simple moving average (4-hours). The bears even pushed the price below the $16,500 level. Besides, there was a break below a key bullish trend line with support near $17,180 on the 4-hours chart of the BTC\/USD pair.<\/p>\n

The price again tested the $16,250 support zone and is now correcting losses. There was a minor increase above the $16,700 level. The price climbed above the 23.6% Fib retracement level of the recent decline from the $18,385 swing high to $16,273 low.<\/p>\n

The price is now trading below $17,200 and the 55 simple moving average (4-hours). An immediate resistance on the upside is near the $17,200 level.<\/p>\n

The next major resistance might near the $17,350 zone. It is close to the 50% Fib retracement level of the recent decline from the $18,385 swing high to $16,273 low. The first major resistance is near the $17,500 level. A clear move above the $17,500 level might send the price towards $18,000, above which the price might rise towards the $18,500 level.<\/p>\n

Any more gains might push the price towards the $19,000 zone. If there is no upside break, the price might continue to decline below $16,700. The next key support is near the $16,500 level, below which the price might accelerate lower.<\/p>\n

In the stated case, the price could decline towards the $16,200 level. Any more losses might send the price towards the $15,500 level.<\/p>\n

<\/p>\n

Bitcoin Price<\/p>\n

Looking at the chart, bitcoin price is clearly trading below $17,200 and the 55 simple moving average (4-hours). Overall, the price could start another decline if it stays below the $17,350 resistance zone.<\/p>\n

Technical Indicators<\/h2>\n

4 hours MACD \u2013 The MACD is now gaining momentum in the bearish zone.<\/p>\n

4 hours RSI (Relative Strength Index) \u2013 The RSI is now near the 50 level.<\/p>\n

Key Support Levels \u2013 $16,500 and $16,200.<\/p>\n

Key Resistance Levels \u2013 $17,200, $17,350 and $17,500.<\/p>\n

Source: Read Full Article<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Bitcoin price is struggling below $17,200 against<\/p>\n","protected":false},"author":3,"featured_media":168661,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"yoast_head":"\nBitcoin Price Analysis: BTC At Risk of Another Crash - Pre Coin News<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/precoinnews.com\/crypto\/bitcoin-price-analysis-btc-at-risk-of-another-crash\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Bitcoin Price Analysis: BTC At Risk of Another Crash - Pre Coin News\" \/>\n<meta property=\"og:description\" content=\"Bitcoin price is struggling below $17,200 against\" \/>\n<meta property=\"og:url\" content=\"https:\/\/precoinnews.com\/crypto\/bitcoin-price-analysis-btc-at-risk-of-another-crash\/\" \/>\n<meta property=\"og:site_name\" content=\"Pre Coin News\" \/>\n<meta property=\"article:published_time\" content=\"2022-12-21T05:25:35+00:00\" \/>\n<meta name=\"author\" content=\"mediabest\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:image\" content=\"https:\/\/precoinnews.com\/wp-content\/uploads\/2022\/12\/Bitcoin-Price-Analysis-BTC-At-Risk-of-Another-Crash-.jpg\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"mediabest\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/precoinnews.com\/crypto\/bitcoin-price-analysis-btc-at-risk-of-another-crash\/\",\"url\":\"https:\/\/precoinnews.com\/crypto\/bitcoin-price-analysis-btc-at-risk-of-another-crash\/\",\"name\":\"Bitcoin Price Analysis: BTC At Risk of Another Crash - 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