Bitcoin News
Breaking News: BREAKING: Bitcoin Hits New All-Time High, Surging Past $70,000 For The First Time In History
Bitcoin
Bitcoin Price Turns Red Below $64K But Long-Term Uptrend Intact
Aayush Jindal by Aayush Jindal March 20, 2024



Bitcoin price extended its decline below the $65,000 support. BTC is now struggling to stay above the $62,000 support zone and might test $60,000.

Bitcoin price is moving lower below the $64,000 support zone.
The price is trading below $63,500 and the 100 hourly Simple moving average.
There is a connecting bearish trend line forming with resistance at $63,300 on the hourly chart of the BTC/USD pair (data feed from Kraken).
The pair could start a decent upward move if it clears the $65,200 resistance zone in the near term.
Bitcoin Price Grinds Lower
Bitcoin price remained in a short-term bearish zone below the $66,500 zone. BTC traded below the $65,000 and $64,000 support levels to set a new weekly low.

There was a push below the $62,500 support. A low was formed near $61,537 and the price is now consolidating losses. The price is now struggling below the 23.6% Fib retracement level of the recent decline from the $68,898 swing high to the $61,537 low.

No KYC Casino and Sportsbook with up to 300% match bonus + 175 Free Spins, and Wager Free Cashback. Play now at ROLR.IO!
Bitcoin is now trading below $63,500 and the 100 hourly Simple moving average. Immediate resistance is near the $63,300 level. There is also a connecting bearish trend line forming with resistance at $63,300 on the hourly chart of the BTC/USD pair.

Bitcoin Price

Source: BTCUSD on TradingView.com

Ethereum Price Bears Aim For $3,000, Can ETH Stay Above This Support?

Ethereum price extended its decline below $3,200. ETH is struggling and it seems like the bears are now aiming for a move toward the $3,000 support zone.

Ethereum started a downside correction below the $3,350 zone.
The price is trading below $3,350 and the 100-hourly Simple Moving Average.
There is a major bearish trend line forming with resistance at $3,420 on the hourly chart of ETH/USD (data feed via Kraken).
The pair could resume its decline if it stays below the $3,420 and $3,500 resistance levels.
Ethereum Price Breaks Support
Ethereum price remained in a short-term bearish zone below the $3,550 and $3,500 levels, like Bitcoin. ETH declined below the $3,350 support level to move further in a short-term bearish zone.

Finally, the price traded below the $3,200 support. A low was formed at $3,162 and the price is now consolidating losses. It is showing a few bearish signs below the 23.6% Fib retracement level of the downward wave from the $3,675 swing high to the $3,162 low.Ethereum price is now trading below $3,350 and the 100-hourly Simple Moving Average. On the upside, immediate resistance is near the $3,280 level. The first major resistance is near the $3,350 level.

The next key resistance sits at $3,420. There is also a major bearish trend line forming with resistance at $3,420 on the hourly chart of ETH/USD. It is close to the 50% Fib retracement level of the downward wave from the $3,675 swing high to the $3,162 low.
The next major resistance is near $3,550, above which the price might gain bullish momentum. In the stated case, Ether could rally toward the $3,650 level. If there is a move above the $3,650 resistance, Ethereum could even rise toward the $3,800 resistance. Any more gains might call for a test of $4,000.

More Losses In ETH?
If Ethereum fails to clear the $3,420 resistance, it could continue to move down. Initial support on the downside is near the $3,260 level.
The first major support is near the $3,200 zone. The next key support could be the $3,120 zone. A clear move below the $3,120 support might send the price toward $3,050. Any more losses might send the price toward the $3,000 level.

Technical Indicators

Hourly MACD – The MACD for ETH/USD is gaining momentum in the bearish zone.

Hourly RSI – The RSI for ETH/USD is now below the 50 level.

Major Support Level – $3,260

Major Resistance Level – $3,420

Disclaimer: The article is provided 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.
Ad

Next 100x SOL Meme Coin? Claim the FREE Airdrop!
Get Free $SMOG
Bitcoin News
Breaking News: BREAKING: Bitcoin Hits New All-Time High, Surging Past $70,000 For The First Time In History
Bitcoin Crypto Market Altcoins BCH ETH XRP BNB ADA TRX EOS
BNB Price Could Restart Rally If It Is Able To Hold This Key Support
Aayush Jindal by Aayush Jindal March 20, 2024



BNB price rallied further above $600 before it faced sellers. The price corrected gains and now testing an important support at $500.

BNB price started a downside correction from the $645 resistance zone.
The price is now trading near $515 and the 100 simple moving average (4 hours).
There is a key bearish trend line forming with resistance near $520 on the 4-hour chart of the BNB/USD pair (data source from Binance).
The pair could attempt a fresh increase if it stays above the $500 support zone.
BNB Price Holds Support
In the last BNB price prediction, we discussed the chances of more gains above the $550 resistance zone. The price continued to rise and broke many hurdles near the $580 level.

BNB even outperformed Bitcoin and Ethereum with a move above the $600 resistance. Finally, it faced resistance near the $645 zone. A high was formed near $645 and the price recently started a downside correction. There was a move below the $600 level.

No KYC Casino and Sportsbook with up to 300% match bonus + 175 Free Spins, and Wager Free Cashback. Play now at ROLR.IO!

The price declined below the 23.6% Fib retracement level of the upward move from the $365 swing low to the $645 high. The price is now trading near $515 and the 100 simple moving average (4 hours). Immediate resistance is near the $520 level.

There is also a key bearish trend line forming with resistance near $520 on the 4-hour chart of the BNB/USD pair. The next resistance sits near the $550 level. A clear move above the $550 zone could send the price further higher.

BNB Price

570% up to 12 BTC + 300 Free Spins for new players & 1 BTC in bonuses every day, only at Wild.io. Play Now!

Source: BNBUSD on TradingView.com

In the stated case, BNB price could test $580. A close above the $580 resistance might set the pace for a larger increase toward the $600 resistance. Any more gains might call for a test of the $645 level in the coming days.

More Losses?
If BNB fails to clear the $520 resistance, it could continue to move down. Initial support on the downside is near the $500 level or the 50% Fib retracement level of the upward move from the $365 swing low to the $645 high.

BitStarz Player Lands $2,459,124 Record Win! Could you be next big winner?

The next major support is near the $470 level. The main support sits at $430. If there is a downside break below the $430 support, the price could drop toward the $400 support. Any more losses could initiate a larger decline toward the $350 level.

Technical Indicators

4-Hours MACD – The MACD for BNB/USD is gaining pace in the bearish zone.

4-Hours RSI (Relative Strength Index) – The RSI for BNB/USD is currently below the 50 level.

Major Support Levels – $500, $470, and $430.

Major Resistance Levels – $520, $550, and $580.

Disclaimer: The article is provided 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.
Tags: Binance CoinBNB PricebnbbtcBNBUSDbnbusdt


Aayush Jindal
Aayush Jindal
Aayush is a Senior Forex, Cryptocurrencies, and Financial Market Strategist. He specializes in market strategies and technical analysis and has spent over 15 years as a financial markets contributor and observer. He also founded an IT company and works rigorously in providing high-quality software services. Aayush possesses strong technical analytical skills and is well known for his entertaining and informative analysis of the currency, commodities, Bitcoin, and Ethereum markets. Follow him on Twitter @AayushJs.


Related Posts
Binance Coin (BNB)
BNB Price Breaks $600, Why Bulls Could Now Aim New ATH
March 14, 2024
Binance Coin (BNB) Cryptocurrency
BNB Price Zooms 10%, Here Are Next Possible Barriers For Bulls
March 8, 2024
BNB
BNB Barrels Past $400, As Binance TVL Nears $5 Billion – Details
March 1, 2024
Binance Coin (BNB) Cryptocurrency
BNB Price Starts Its Journey Toward $500, Why Dips Turned Attractive
February 26, 2024
BNB
Aave Joins Binance’s BNB Chain Ecosystem – Here’s How Users Benefit
February 23, 2024
BNB
BNB Price Surges Over 5%, Why Bulls Could Aim For $400 In Feb 2024
February 16, 2024
Premium Partners










Top Casinos
SirWin
SirWin
Review · Visit
BitStarz
BitStarz
Review · Visit
Trust Dice
Trust Dice
Review · Visit
Marsbet
Marsbet
Review · Visit
mBit
mBit
Review · Visit
Inmerion
Inmerion
Review · Visit



Press Releases
$BTC Falls Back Below $65K as Market Tanks; $GFOX Enters...
3 mins ago
New Exciting Crypto Developments in 2024
2 hours ago
Cardano Price Predictions Look Weak Says Top Analysts...
2 hours ago
Why Whales and Retail Investors are Collecting $SCORP...
3 hours ago
Triathon Leading the Innovation Integration of AI Training...
4 hours ago


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.
Cryptocurrency news
Bitcoin
Ethereum
Ripple
Chainlink
Cardano
EOS
Tezos
Technical Analysis
Bitcoin (BTC)
Ethereum (ETH)
Ripple (XRP)
Chainlink (LINK)
Cardano (ADA)
Tezos (XTZ)
Company
Advertising
Comments Policy
Privacy Center
Disclaimer
Sitemap
About Us
Contact

© 2024 NewsBTC. All Rights Reserved.

News
Analysis
Learn
Directory
Casinos
Play Games
Private Casino
Predict BTC price
Huge Win
Crypto Casino
ADVERTISE
© 2024 NewsBTC. All Rights Reserved.