NewsBTC
No Result
View All Result
  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play GamesTry
  • CasinosTry
Breaking News: Coinbase Confirms DOJ Investigation Following Major Security Incident
  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play GamesTry
  • CasinosTry
Bitcoin News
No Result
View All Result
Breaking News: Coinbase Confirms DOJ Investigation Following Major Security Incident

Bitcoin Breaks Key Support Of $19,000 As Bulls Sweats, What Is Next?

jamesobande
jamesobande
1 year ago
3 mins read

Reason to trust

Strict editorial policy that focuses on accuracy, relevance, and impartiality
Created by industry experts and meticulously reviewed
The highest standards in reporting and publishing
How Our News is Made

Strict editorial policy that focuses on accuracy, relevance, and impartiality

Ad discliamer

Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio.

The price of Bitcoin (BTC) showed indecision for weeks as the price moved in a range for weeks between $19,500-$20,000, with the price stalling on the next movement. Despite so many expectations of the price having a short squeeze to a range of $21,600 before Bitcoin (BTC) next moves down, this wasn’t the case as the price broke below key support of $19,000. (Data from Binance)

Related Reading: Bitcoin Price (BTC) Slides Under $19,000 — The First Time Since July 4

Bitcoin (BTC) Price Analysis On The Weekly Chart 

Weekly BTC Price Chart | Source: BTCUSDT On Tradingview.com

The price of BTC has had difficulty replicating its bullish move that has created euphoria in recent months, with the price dwindling with every passing week. BTC’s price after touching its previous all-time high of $19,000, many expected a bounce off the price to new highs to form support, but the price has continued to retest this support zone of $19,000, making it weaker to hold off sell orders.

BTC price needs to bounce from the current price of $18,800 to reclaim the region of $19,100 for a relief rally to be possible; if the BTC price fails to reclaim the $19,100 region, we could see the price going lower, which would not be good for bulls and the state of the crypto market.

If the BTC price maintains this bearish structure, we could see the price of BTC retesting monthly lows.

Weekly resistance for the price of BTC – $20,600.

Weekly support for the price of BTC – $18,500 -$17,500

Price Analysis Of BTC On The Daily (1D) Chart

Daily BTC Price Chart | Source: BTCUSDT On Tradingview.com

After retesting the daily low, the price of BTC bounced but could not trend higher as the price was followed by more bearish signs indicating exhaustion. The price of BTC failed to hold its key support found at $19,000, also acting as the previous all-time high; if the price of BTC fails to reclaim its daily support of $19,000, we could see the price of BTC retesting lower regions. 

The price of BTC has continued to show more bearish momentum indicating more sell orders have been placed. BTC price has continued to fall in a wedge as price needs to break out for a relief bounce to a region of $19,500, acting as daily resistance for BTC price.

The price of BTC is trading at $18,900 below its 50 and 200 Exponential Moving Averages (EMA) on the daily timeframe. The prices at $21,600 and $29,000 correspond to the 50 and 200 EMA acting as resistance to BTC price.

Daily (1D) resistance for the BTC price – $20,500-$21,600.

Daily (1D) support for the BTC price – $18,500-$17,500.

BTC Price Analysis On The Four-Hourly (4H) Chart

Four-Hourly BTC Price Chart | Source: BTCUSDT On Tradingview.com

The price of BTC in the 4H timeframe continues to look bearish but with a glimpse of hope as the price has formed a bullish divergence with price ready to retest $19,700 as price trades below the 50 and 200 EMA acting as resistance. 

The price of BTC needs to build more momentum as the price aims to retest $19,700, which corresponds with the 50 EMA price. 

The price at $19,700 corresponds with the 61.8% value on the Fibonacci retracement.

On the 4H chart, the Relative Strength Index (RSI) for BTC is below 35, indicating more sell order volume for the BTC price.

Four-Hourly resistance for the BTC price – $19,700-$21,600.

Four-Hourly support for the BTC price – $18,500-$17,500.

Related Reading: TA: Ethereum Nosedives, Why $1,500 Is The Key For More Losses
Featured Image From Trustnodes, Charts From
Tweet123Share196ShareSend
jamesobande
jamesobande

jamesobande

James is a blockchain writer and technical Analyst with more than five years of experience in the crypto space.

Disclaimer: The information found on NewsBTC is for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.

Related News

青色のプレゼントボックスの上にあるBTC

Bitunixボーナスキャンペーン開催中|最大710ドルの獲得手順

世界中のトレーダーに選ばれている暗号資産(仮想通貨)取引所 Bitunix が、新規ユーザー向けに最大710 USDT相当が獲得できる特別キャンペーンを実施しています。 期間は2025年3月18日から...

rinsuzuki 1 hour ago
Dogecoin

Dogecoin Bounces Back With 8% Gain—Is $0.26 In Sight?

Dogecoin has observed a rebound from the support line of a Parallel Channel. Here’s where the next target could lie,...

Keshav Verma 3 hours ago
Bitcoin Price Coiling Up

Bitcoin Price Coiling Up — Is a Surge Past $110K on Deck?

Bitcoin price started a fresh increase above the $107,500 zone. BTC is now consolidating and might struggle to continue higher...

Aayush Jindal 4 hours ago
Load More

Reason to trust

Strict editorial policy that focuses on accuracy, relevance, and impartiality
Created by industry experts and meticulously reviewed
The highest standards in reporting and publishing
How Our News is Made

Strict editorial policy that focuses on accuracy, relevance, and impartiality

Ad discliamer

Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio.

Related News

Bitcoin Brushes $110K as Whales Pull Funds from Binance, What Are They Planning?

Bitcoin Brushes $110K as Whales Pull Funds from Binance, What Are They Planning?

Samuel Edyme 11 minutes ago

加密貨幣集體上升 比特幣目標價13萬美元!現在下注百倍幣有哪些?

Mark Mak 12 minutes ago

Under Stress: Tron Revenue Drops As Nearly $190M Flows Out

Christian Encila 2 hours ago

Premium Sponsors

Press Releases

  • Top kryptoměna ke koupi dříve, než vzroste o 2 200 %, podle Cathie Wood

    Top kryptoměna ke koupi dříve, než vzroste o 2 200 %...

    7 hours ago
  • The smartest way to make money in 2025: Invest in cloud...

    14 hours ago
  • Od Bitcoinu k BTC Bull: Kde leží skutečný potenciál?

    ...

    14 hours ago
  • Bitcoin vs. Gold: Which Is the Best Investment In 2025?

    15 hours ago
  • Profit of $5,735, senior trader uses Ripple (XRP) to open...

    15 hours ago

Newsletter

Be the first to get the latest important crypto news & events to your inbox.

  • This field is for validation purposes and should be left unchanged.

About Us

NewsBTC is a cryptocurrency news service that covers bitcoin news today, technical analysis & forecasts for bitcoin price and other altcoins. Here at NewsBTC, we are dedicated to enlightening everyone about bitcoin and other cryptocurrencies.

We cover BTC news related to bitcoin exchanges, bitcoin mining and price forecasts for various cryptocurrencies.

Disclaimer: The information found on NewsBTC is for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.

Company

  • About Us
  • Advertising
  • Contact Us
  • Privacy Center

Social

© 2025 NewsBTC. All Rights Reserved.

  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play Games
  • Casinos
Advertise

© 2025 NewsBTC. All Rights Reserved.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy Center or Cookie Policy.