{"id":194610,"date":"2018-11-19T04:28:31","date_gmt":"2018-11-19T09:28:31","guid":{"rendered":"https:\/\/insidebitcoins.com\/news\/bitcoin-price-watch-btc-targets-fresh-lows-below-5200-market-gloomy\/194610"},"modified":"2021-07-29T12:46:33","modified_gmt":"2021-07-29T16:46:33","slug":"bitcoin-price-watch-btc-targets-fresh-lows-below-5200-market-gloomy","status":"publish","type":"post","link":"https:\/\/insidebitcoins.com\/news\/bitcoin-price-watch-btc-targets-fresh-lows-below-5200-market-gloomy","title":{"rendered":"Bitcoin Price Watch: BTC Targets Fresh Lows Below $5,200, Market Gloomy"},"content":{"rendered":"<p>&nbsp;<\/p>\n<p>Key Points<\/p>\n<ul>\n<li>Bitcoin price is currently under pressure below the $5,500 resistance level against the US Dollar.<\/li>\n<li>There was a break below a key bullish trend line with support at $5,530 on the hourly chart of the BTC\/USD pair (data feed from Kraken).<\/li>\n<li>The price is declining and it seems like it could break the $5,230 and $5,200 support levels.<\/li>\n<\/ul>\n<p><em>Bitcoin price is moving lower towards the last low against the US Dollar. BTC\/USD could accelerate declines below if there is a break below the $5,200 support.<\/em><\/p>\n<h3>Bitcoin Price Analysis<\/h3>\n<p>The past few hours were <a href=\"https:\/\/www.newsbtc.com\/2018\/11\/18\/bitcoin-price-weekly-analysis-sell-rallies-in-btc-usd-near-5880\/\" target=\"_blank\" rel=\"noopener\">pretty bearish<\/a> because bitcoin price was rejected near $5,600 against the US Dollar. The BTC\/USD pair started a fresh decline and traded below the $5,550 and $5,500 support levels. There was even a break below the $5,400 support and the 100 hourly simple moving average. It opened the doors for more losses towards the $5,230 and $5,200 levels.<\/p>\n<p>During the slide, there was a break below a key bullish trend line with support at $5,530 on the hourly chart of the BTC\/USD pair. Later, the price traded below the $5,350 support and the 1.236 Fib extension level of the recent wave from the $5,414 low to $5,700 swing high. The current price action is <a href=\"https:\/\/www.newsbtc.com\/2018\/11\/16\/bitcoin-price-watch-btc-usd-could-rebound-towards-5900\/\" target=\"_blank\" rel=\"noopener\">super bearish<\/a> and it seems like the price could even break the $5,206 low. An immediate support is $5,230 and the 1.618 Fib extension level of the recent wave from the $5,414 low to $5,700 swing high. If there are more losses, the price could even trade below the $5,200 support.<\/p>\n<p><img decoding=\"async\" class=\"alignnone size-full wp-image-362952\" src=\"https:\/\/insidebitcoins.com\/wp-content\/uploads\/2018\/11\/Bitcoin-6.png\" alt=\"Bitcoin Price Analysis BTC Chart\" width=\"1828\" height=\"899\" \/><\/p>\n<p>Looking at the <a href=\"https:\/\/www.tradingview.com\/symbols\/XBTUSD\/\" target=\"_blank\" rel=\"noopener nofollow\">chart<\/a>, bitcoin price is at a risk of a downside break below the $5,200 and $5,150 levels. There are even chances of a test of the $5,000 handle in the near term.<\/p>\n<p>Looking at the technical indicators:<\/p>\n<p>Hourly MACD \u2013 The MACD for BTC\/USD is gaining pace in the bearish zone.<\/p>\n<p>Hourly RSI (Relative Strength Index) \u2013 The RSI is well below the 30 level.<\/p>\n<p>Major Support Level \u2013 $5,200<\/p>\n<p>Major Resistance Level \u2013 $5,500<\/p>\n<p>&nbsp;<\/p>\n<p>The post <a href=\"https:\/\/www.newsbtc.com\/2018\/11\/19\/bitcoin-price-watch-btc-usd-targets-fresh-lows-below-5200\/\" rel=\"nofollow\">Bitcoin Price Watch: BTC Targets Fresh Lows Below $5,200, Market Gloomy<\/a> appeared first on <a href=\"https:\/\/www.newsbtc.com\/\" rel=\"nofollow\">NewsBTC<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"<div class=\"fin-excerpt\">&nbsp; Key Points Bitcoin price is currently under pressure below the $5,500 resistance level against the US Dollar. There was a break below a key <a class=\"read-more-link\" href=\"https:\/\/insidebitcoins.com\/news\/bitcoin-price-watch-btc-targets-fresh-lows-below-5200-market-gloomy\" title=\"Bitcoin Price Watch: BTC Targets Fresh Lows Below $5,200, Market Gloomy\">[&#8230;]<\/a><\/div>","protected":false},"author":168,"featured_media":194613,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"inline_featured_image":false,"footnotes":""},"categories":[1],"tags":[],"class_list":["post-194610","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-more-crypto-news"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v23.8 (Yoast SEO v23.8) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Bitcoin Price Watch: BTC Targets Fresh Lows Below $5,200, Market Gloomy - InsideBitcoins.com<\/title>\n<meta name=\"description\" content=\"The price of Bitcoin is declining and it seems like it could break the $5,230 and $5,200 support levels.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/insidebitcoins.com\/wp-json\/wp\/v2\/posts\/194610\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Bitcoin Price Watch: BTC Targets Fresh Lows Below $5,200, Market Gloomy\" \/>\n<meta property=\"og:description\" content=\"The price of Bitcoin is declining and it seems like it could break the $5,230 and $5,200 support levels.\" \/>\n<meta property=\"og:site_name\" content=\"InsideBitcoins.com\" \/>\n<meta property=\"article:published_time\" content=\"2018-11-19T09:28:31+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2021-07-29T16:46:33+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/insidebitcoins.com\/wp-content\/uploads\/2018\/11\/Bitcoin-6-1.png\" \/>\n\t<meta property=\"og:image:width\" content=\"1828\" \/>\n\t<meta property=\"og:image:height\" content=\"899\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/png\" \/>\n<meta name=\"author\" content=\"Aayush Jindal\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Aayush Jindal\" \/>\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\":\"NewsArticle\",\"@id\":\"https:\/\/insidebitcoins.com\/wp-json\/wp\/v2\/posts\/194610#article\",\"isPartOf\":{\"@id\":\"https:\/\/insidebitcoins.com\/wp-json\/wp\/v2\/posts\/194610\"},\"author\":{\"name\":\"Aayush Jindal\",\"@id\":\"https:\/\/insidebitcoins.com\/#\/schema\/person\/aaa5044bd2bdd13b09f95b1218ca998c\"},\"headline\":\"Bitcoin Price Watch: BTC Targets Fresh Lows Below $5,200, Market Gloomy\",\"datePublished\":\"2018-11-19T09:28:31+00:00\",\"dateModified\":\"2021-07-29T16:46:33+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/insidebitcoins.com\/wp-json\/wp\/v2\/posts\/194610\"},\"wordCount\":338,\"publisher\":{\"@id\":\"https:\/\/insidebitcoins.com\/#organization\"},\"image\":{\"@id\":\"https:\/\/insidebitcoins.com\/wp-json\/wp\/v2\/posts\/194610#primaryimage\"},\"thumbnailUrl\":\"https:\/\/insidebitcoins.com\/wp-content\/uploads\/2018\/11\/Bitcoin-6-1.png\",\"articleSection\":[\"More Crypto News\"],\"inLanguage\":\"en-US\",\"copyrightYear\":\"2018\",\"copyrightHolder\":{\"@id\":\"https:\/\/insidebitcoins.com\/#organization\"}},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/insidebitcoins.com\/wp-json\/wp\/v2\/posts\/194610\",\"url\":\"https:\/\/insidebitcoins.com\/wp-json\/wp\/v2\/posts\/194610\",\"name\":\"Bitcoin Price Watch: BTC Targets Fresh Lows Below $5,200, Market Gloomy - 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