Close Menu
  • News
    • Bitcoin
    • Altcoins
    • DeFi
    • Market Cap
  • Blockchain
  • Web 3
    • NFT
    • Metaverse
  • Regulation
  • Analysis
  • Learn
  • Blog
  • Contact
    • Tech7685@gmail.com
What's Hot

Vitaminai and Blocx partner to stimulate security and productivity by bridging Web2 and Web3

2025-05-19

Authorities claim that scammers have stolen $ 265,000,000 in crypto to buy exotic cars, private security and other luxury

2025-05-19

Cardano’s ICO era ‘Redemption Scandal’ re -diving – will it drag the Rally of Ada?

2025-05-19
Facebook X (Twitter) Instagram
  • Contact
  • Terms & Conditions
  • Privacy Policy
  • DMCA
  • Advertise
  • Free.cc (Free Crypto)
Facebook X (Twitter) Instagram
Bitcoin Platform – Bitcoin | Altcoins | Blockchain | News Stories Updated Daily
  • News
    • Bitcoin
    • Altcoins
    • DeFi
    • Market Cap
  • Blockchain

    Vitaminai and Blocx partner to stimulate security and productivity by bridging Web2 and Web3

    2025-05-19

    Sentismai integrates Kyberswap for seamless EVM -Kettingwaps

    2025-05-19

    Alchemie acquires Solana developer Dexterlab for unknown sum

    2025-05-19

    Interlink and Blazpay Partner to improve the user experience in Web3 with AI

    2025-05-19

    Filmmaker David Goyer bets on blockchain for the next sci-fi franchise

    2025-05-19
  • Web 3
    • NFT
    • Metaverse
  • Regulation

    Authorities claim that scammers have stolen $ 265,000,000 in crypto to buy exotic cars, private security and other luxury

    2025-05-19

    SEC chairman Atkins confirms the end of hard crypto enforcement, proposes a uniform framework

    2025-05-19

    Trump administration to beat bank rules designed to prevent collapse in 2008 style: report

    2025-05-19

    Mastermind Behind Sec Sim -exchange schedule sentenced to 14 months in prison for manipulating Bitcoin price

    2025-05-18

    Capital One pays $ 425,000,000 to customers after they have reportedly cheated customers from a higher return on bank balance

    2025-05-18
  • Analysis

    XRP -Price confirms Bullish reversing settings with this demand zone

    2025-05-19

    Finish Bitcoin price inches in the direction of all time-can Momentum?

    2025-05-19

    Ethereum – price cannot break through – what does it stop?

    2025-05-19

    Dogecoin (Doge) is struggling to support profit while Meme Coin cools Mania

    2025-05-19

    Crypto analyst says that Bitcoin correction comes before the outbreak to the new all-time here is his prediction

    2025-05-19
  • Learn

    Types of Blockchain Layers Explained: Layer 0, Layer 1, Layer 2 and Layer 3

    2025-05-16

    Token vs. Coin: Key Differences You Must Know as a Beginner

    2025-05-15

    Inside Changelly: 10 years of steadfast support and compliance

    2025-05-15

    What Is Proof-of-Work (PoW)?

    2025-05-12

    What Is Proof-of-Authority (PoA)?

    2025-05-09
  • Blog
  • Contact
    • Tech7685@gmail.com
Bitcoin Platform – Bitcoin | Altcoins | Blockchain | News Stories Updated Daily
Home»Analysis»Bitcoin price falls and becomes vulnerable as it struggles below $30,000
Analysis

Bitcoin price falls and becomes vulnerable as it struggles below $30,000

2023-08-14No Comments3 Mins Read
Share
Facebook Twitter LinkedIn Pinterest Email

Bitcoin price is falling from the $29,500 zone. BTC is showing bearish signs and it could decline further below the USD 29,000 support zone.

  • Bitcoin is gaining bearish momentum below the $29,500 support.
  • The price is trading below $29,500 and the 100 Simple hourly moving average.
  • A connecting bearish trendline is forming with resistance near USD 29,400 on the hourly chart of the BTC/USD pair (data feed from Kraken).
  • The pair could drop further if it stays below USD 30,000 for a long time.

Bitcoin Price Trimming Profits

Bitcoin price failed to break above the USD 30,000 resistance zone. BTC started another decline below the USD 29,650 and USD 29,500 levels to move into a bearish zone.

It tested the $29,100 support zone. A low is formed near $29,100 and the price is now consolidating losses. There was a minor upside correction above the $29,250 resistance zone. It clears the 23.6% Fib retracement level of the downward move from the $29,694 swing high to the $29,100 low.

Bitcoin is now trading below $29,500 and the 100 simple hourly moving average. A contiguous bearish trendline is also forming with resistance near USD 29,400 on the hourly chart of the BTC/USD pair.

Immediate resistance is near the $29,360 level. The next major resistance is near the trendline and $29,400. It is close to the 50% Fib retracement level of the downward move from the $29,694 swing high to the $29,100 low. A close above the trendline could start a decent rise to $29,650.

Bitcoin price

Source: BTCUSD at TradingView.com

The main resistance is still near the $30,000 level. A close above $30,000 could start a steady rise. In the said case, the price could rise to USD 30,500 or even USD 31,200 in the coming days.

See also  Coinbase and Bybit gain market share after Binance's settlement with the US government: analytics company Kaiko

Lose more in BTC?

If Bitcoin fails to clear the $29,400 resistance, it could fall further. Immediate support on the downside is near the $29,200 level.

The next major support is near the $29,000 level or the recent low. A downside break below the $29,000 level could trigger another steady decline. In the said case, the price could reach $28,800 again. Any more losses could lead to a move towards the $28,500 level in the near term.

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 now below the 50 level.

Major Support Levels – $29,200, followed by $29,000.

Major resistance levels – $29,400, $29,650 and $30,000.

Source link

Bitcoin Falls Price struggles Vulnerable
Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

XRP -Price confirms Bullish reversing settings with this demand zone

2025-05-19

Finish Bitcoin price inches in the direction of all time-can Momentum?

2025-05-19

Whales that are used heavily on Bitcoin Longs – this is why this can work out counterproductive!

2025-05-19

Ethereum – price cannot break through – what does it stop?

2025-05-19
Add A Comment
Leave A Reply Cancel Reply

Top Posts

Bitcoin’s 27K outflows signal risk! – Investing opportunities for a possible correction

2025-04-27

Ethereum Price Weakens: Can It Defend the $2,500 Level?

2024-08-12

Sell ​​all your Dogecoin If this happens, says Crypto analyst

2025-03-06
Editors Picks

Here’s what ‘happy’ BNB sellers mean for the market

2023-06-05

Orderly brings Omnichain liquidity to Sonic’s powerful EVM Layer 1

2025-01-21

Trillion dollar that pays $ 510,000,000 fine after ‘conspiracy to hide $ 4,000,000,000 from IRS

2025-05-07

XRP price pauses Rally: healthy relapse or reversal in prospect?

2025-01-24

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, Defi, NFT, Metaverse and more.

We're social. Connect with us:

Facebook X (Twitter) Instagram Pinterest YouTube
Top Insights

Vitaminai and Blocx partner to stimulate security and productivity by bridging Web2 and Web3

Authorities claim that scammers have stolen $ 265,000,000 in crypto to buy exotic cars, private security and other luxury

Cardano’s ICO era ‘Redemption Scandal’ re -diving – will it drag the Rally of Ada?

Get Informed

Subscribe to Updates

Get the latest news and Update from Bitcoin Platform about Crypto, Metaverse, NFT and more.

  • Contact
  • Terms & Conditions
  • Privacy Policy
  • DMCA
  • Advertise
  • Free.cc (Free Crypto)
© 2025 Bitcoinplatform.com - All rights reserved.

Type above and press Enter to search. Press Esc to cancel.

  • bitcoinBitcoin(BTC)$105,368.111.03%
  • ethereumEthereum(ETH)$2,518.124.37%
  • tetherTether USDt(USDT)$1.00-0.02%
  • rippleXRP(XRP)$2.38-0.02%
  • binancecoinBNB(BNB)$649.030.89%
  • solanaSolana(SOL)$166.49-0.80%
  • usd-coinUSDC(USDC)$1.00-0.04%
  • dogecoinDogecoin(DOGE)$0.224117-0.05%
  • cardanoCardano(ADA)$0.740.30%
  • tronTRON(TRX)$0.265664-0.04%
  • suiSui(SUI)$3.810.52%
  • chainlinkChainlink(LINK)$15.772.22%
  • avalanche-2Avalanche(AVAX)$22.18-0.84%
  • stellarStellar(XLM)$0.286253-0.40%
  • hyperliquidHyperliquid(HYPE)$26.460.74%
  • shiba-inuShiba Inu(SHIB)$0.0000150.34%
  • hedera-hashgraphHedera(HBAR)$0.1926960.58%
  • unus-sed-leoUNUS SED LEO(LEO)$8.690.11%
  • bitcoin-cashBitcoin Cash(BCH)$391.96-1.63%
  • the-open-networkToncoin(TON)$3.02-2.63%
  • litecoinLitecoin(LTC)$98.800.33%
  • polkadotPolkadot(DOT)$4.60-1.00%
  • moneroMonero(XMR)$342.441.49%
  • bitget-tokenBitget Token(BGB)$5.191.64%
  • pepePepe(PEPE)$0.0000131.26%
  • daiDai(DAI)$1.000.01%
  • piPi(PI)$0.740.46%
  • ethena-usdeEthena USDe(USDE)$1.00-0.04%
  • uniswapUniswap(UNI)$5.951.25%
  • aaveAave(AAVE)$240.807.11%
  • bittensorBittensor(TAO)$404.53-1.74%
  • nearNEAR Protocol(NEAR)$2.760.60%
  • aptosAptos(APT)$5.151.66%
  • okbOKB(OKB)$52.26-0.84%
  • ondo-financeOndo(ONDO)$0.920.50%
  • ethereum-classicEthereum Classic(ETC)$18.411.46%
  • kaspaKaspa(KAS)$0.106680-2.53%
  • internet-computerInternet Computer(ICP)$5.200.42%
  • gatechain-tokenGateToken(GT)$21.37-0.89%
  • official-trumpOFFICIAL TRUMP(TRUMP)$12.84-0.35%
  • crypto-com-chainCronos(CRO)$0.096015-1.60%
  • mantleMantle(MNT)$0.72-1.09%
  • polygon-ecosystem-tokenPOL (prev. MATIC)(POL)$0.232602-1.27%
  • vechainVeChain(VET)$0.027970-0.58%
  • render-tokenRender(RENDER)$4.560.63%
  • usd1World Liberty Financial USD(USD1)$1.00-0.06%
  • ethenaEthena(ENA)$0.362496-2.92%
  • filecoinFilecoin(FIL)$2.860.62%
  • algorandAlgorand(ALGO)$0.2216140.77%
  • arbitrumArbitrum(ARB)$0.3898902.18%
  • bitcoinBitcoin(BTC)$105,368.111.03%
  • ethereumEthereum(ETH)$2,518.124.37%
  • tetherTether USDt(USDT)$1.00-0.02%
  • rippleXRP(XRP)$2.38-0.02%
  • binancecoinBNB(BNB)$649.030.89%
  • solanaSolana(SOL)$166.49-0.80%
  • usd-coinUSDC(USDC)$1.00-0.04%
  • dogecoinDogecoin(DOGE)$0.224117-0.05%
  • cardanoCardano(ADA)$0.740.30%
  • tronTRON(TRX)$0.265664-0.04%
  • suiSui(SUI)$3.810.52%
  • chainlinkChainlink(LINK)$15.772.22%
  • avalanche-2Avalanche(AVAX)$22.18-0.84%
  • stellarStellar(XLM)$0.286253-0.40%
  • hyperliquidHyperliquid(HYPE)$26.460.74%
  • shiba-inuShiba Inu(SHIB)$0.0000150.34%
  • hedera-hashgraphHedera(HBAR)$0.1926960.58%
  • unus-sed-leoUNUS SED LEO(LEO)$8.690.11%
  • bitcoin-cashBitcoin Cash(BCH)$391.96-1.63%
  • the-open-networkToncoin(TON)$3.02-2.63%
  • litecoinLitecoin(LTC)$98.800.33%
  • polkadotPolkadot(DOT)$4.60-1.00%
  • moneroMonero(XMR)$342.441.49%
  • bitget-tokenBitget Token(BGB)$5.191.64%
  • pepePepe(PEPE)$0.0000131.26%
  • daiDai(DAI)$1.000.01%
  • piPi(PI)$0.740.46%
  • ethena-usdeEthena USDe(USDE)$1.00-0.04%
  • uniswapUniswap(UNI)$5.951.25%
  • aaveAave(AAVE)$240.807.11%
  • bittensorBittensor(TAO)$404.53-1.74%
  • nearNEAR Protocol(NEAR)$2.760.60%
  • aptosAptos(APT)$5.151.66%
  • okbOKB(OKB)$52.26-0.84%
  • ondo-financeOndo(ONDO)$0.920.50%
  • ethereum-classicEthereum Classic(ETC)$18.411.46%
  • kaspaKaspa(KAS)$0.106680-2.53%
  • internet-computerInternet Computer(ICP)$5.200.42%
  • gatechain-tokenGateToken(GT)$21.37-0.89%
  • official-trumpOFFICIAL TRUMP(TRUMP)$12.84-0.35%
  • crypto-com-chainCronos(CRO)$0.096015-1.60%
  • mantleMantle(MNT)$0.72-1.09%
  • polygon-ecosystem-tokenPOL (prev. MATIC)(POL)$0.232602-1.27%
  • vechainVeChain(VET)$0.027970-0.58%
  • render-tokenRender(RENDER)$4.560.63%
  • usd1World Liberty Financial USD(USD1)$1.00-0.06%
  • ethenaEthena(ENA)$0.362496-2.92%
  • filecoinFilecoin(FIL)$2.860.62%
  • algorandAlgorand(ALGO)$0.2216140.77%
  • arbitrumArbitrum(ARB)$0.3898902.18%