<br><div> <p><em>Bitcoin declined closely beneath the $22,000 help zone in opposition to the US Greenback. BTC is correcting beneficial properties, however upsides is likely to be restricted above the $22,500 resistance.</em></p> <ul> <li>Bitcoin prolonged losses and declined beneath the $22,000 help.</li> <li>The value is now buying and selling beneath the $22,000 degree and the 100 hourly easy transferring common.</li> <li>There's a main bearish development line forming with resistance close to $21,550 on the hourly chart of the BTC/USD pair (information feed from Kraken).</li> <li>The pair might prolong losses if it stays beneath the $21,500 and $22,000 ranges.</li> </ul> <h2>Bitcoin Worth Dives over 8%</h2> <p>Bitcoin value began a <a target="_blank" href="https://www.newsbtc.com/analysis/btc/bitcoin-price-downtrend-22-5k-key/" rel="noopener">major decline</a> beneath the $23,000 help zone. BTC gained bearish momentum beneath the $22,500 and $22,200 help ranges.</p> <p>The decline was such that the worth settled beneath the $22,000 help zone. It even spiked beneath the $21,000 degree and traded as little as $20,797. The value is now correcting losses above the $21,000 degree. It's now buying and selling beneath the $22,000 degree and the <a target="_blank" href="https://www.newsbtc.com/analysis/btc/bitcoin-price-supports-watch-23-2k/" rel="noopener">100 hourly simple moving average</a>.</p> <p>Lately, there was a push above the $21,250 degree. Nonetheless, bitcoin value struggled close to the 23.6% Fib retracement degree of the latest decline from the $24,414 swing excessive to $20,797 low.</p> <p>On the upside, a direct resistance is close to the $21,500 degree. There's additionally a serious bearish development line forming with resistance close to $21,550 on the hourly chart of the BTC/USD pair. The primary main resistance on the upside sits close to the $22,000 degree and the 100 hourly easy transferring common.</p> <p><a target="_blank" href="https://www.newsbtc.com/wp-content/uploads/2022/08/Bitcoin-15.png" rel="noopener"><amp-img class="alignnone size-full wp-image-499454 amp-wp-enforced-sizes i-amphtml-layout-intrinsic i-amphtml-layout-size-defined" src="https://www.newsbtc.com/wp-content/uploads/2022/08/Bitcoin-15.png" alt="Bitcoin Price" width="1834" height="845" srcset="https://www.newsbtc.com/wp-content/uploads/2022/08/Bitcoin-15.png 1834w, https://www.newsbtc.com/wp-content/uploads/2022/08/Bitcoin-15-460x212.png 460w, https://www.newsbtc.com/wp-content/uploads/2022/08/Bitcoin-15-860x396.png 860w, https://www.newsbtc.com/wp-content/uploads/2022/08/Bitcoin-15-768x354.png 768w, https://www.newsbtc.com/wp-content/uploads/2022/08/Bitcoin-15-1536x708.png 1536w, https://www.newsbtc.com/wp-content/uploads/2022/08/Bitcoin-15-750x346.png 750w, https://www.newsbtc.com/wp-content/uploads/2022/08/Bitcoin-15-1140x525.png 1140w" sizes="(max-width: 1834px) 100vw, 1834px" layout="intrinsic" disable-inline-width="" i-amphtml-layout="intrinsic"><i-amphtml-sizer slot="i-amphtml-svc" class="i-amphtml-sizer"><img alt="" aria-hidden="true" class="i-amphtml-intrinsic-sizer" role="presentation" src="data:image/svg+xml;base64,PHN2ZyBoZWlnaHQ9Ijg0NSIgd2lkdGg9IjE4MzQiIHhtbG5zPSJodHRwOi8vd3d3LnczLm9yZy8yMDAwL3N2ZyIgdmVyc2lvbj0iMS4xIi8+"/></i-amphtml-sizer><noscript><img decoding="async" loading="lazy" src="https://www.newsbtc.com/wp-content/uploads/2022/08/Bitcoin-15.png" alt="Bitcoin Price" width="1834" height="845" srcset="https://www.newsbtc.com/wp-content/uploads/2022/08/Bitcoin-15.png 1834w, https://www.newsbtc.com/wp-content/uploads/2022/08/Bitcoin-15-460x212.png 460w, https://www.newsbtc.com/wp-content/uploads/2022/08/Bitcoin-15-860x396.png 860w, https://www.newsbtc.com/wp-content/uploads/2022/08/Bitcoin-15-768x354.png 768w, https://www.newsbtc.com/wp-content/uploads/2022/08/Bitcoin-15-1536x708.png 1536w, https://www.newsbtc.com/wp-content/uploads/2022/08/Bitcoin-15-750x346.png 750w, https://www.newsbtc.com/wp-content/uploads/2022/08/Bitcoin-15-1140x525.png 1140w" sizes="(max-width: 1834px) 100vw, 1834px"/></noscript></amp-img></a></p> <pre>Supply: <a target="_blank" href="https://www.tradingview.com/symbols/BTCUSD/" rel="noopener nofollow">BTCUSD on TradingView.com</a></pre> <p>The principle resistance is forming close to the $22,650 zone. It's close to the 50% Fib retracement degree of the latest decline from the $24,414 swing excessive to $20,797 low. An in depth above the $22,500 and $22,650 resistance ranges would possibly begin one other improve.</p> <h2>Extra Losses in BTC?</h2> <p>If bitcoin fails to clear the $22,000 resistance zone, it might proceed to maneuver down. A direct help on the draw back is close to the $21,250 degree.</p> <p>The following main help now sits close to the $20,800 degree. A draw back break and shut beneath the $20,800 degree would possibly spark one other sharp decline. Within the said case, the worth would possibly decline in direction of the $20,000 degree.</p> <p>Technical indicators:</p> <p>Hourly MACD – The MACD is now gaining tempo within the bearish zone.</p> <p>Hourly RSI (Relative Power Index) – The RSI for BTC/USD is now above the 50 degree.</p> <p>Main Assist Ranges – $21,250, adopted by $20,800.</p> <p>Main Resistance Ranges – $21,550, $22,000 and $22,650.</p> </div>