Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • TRADING
  • HACKING
  • SLOT
  • CASINO
  • SUBMIT
Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • TRADING
  • HACKING
  • SLOT
  • CASINO
  • SUBMIT
Crypto Flexs
Home»EXCHANGE NEWS»Bitcoin price faces rejection. Here’s why dips are attractive:
EXCHANGE NEWS

Bitcoin price faces rejection. Here’s why dips are attractive:

By Crypto FlexsJanuary 5, 20243 Mins Read
Facebook Twitter Pinterest LinkedIn Tumblr Email
Bitcoin price faces rejection.  Here’s why dips are attractive:
Share
Facebook Twitter LinkedIn Pinterest Email

Bitcoin price recovered above $43,500 but struggled near $44,500. BTC is consolidating gains and could test the $42,150 support area.

  • Bitcoin recovered above the $43,500 resistance and remained in positive territory.
  • The price is trading below $44,000 and the 100-hour simple moving average.
  • The hourly chart of the BTC/USD pair (data feed from Kraken) shows a major bearish trendline forming with resistance near $44,400.
  • The pair may decline towards the $42,150 and $42,000 support levels.

Bitcoin price maintains support

Bitcoin price began a recovery above the $43,200 resistance zone. BTC broke the $43,500 resistance zone and moved further into the positive zone.

There was significant upside movement, but bears remained active near the $44,500 resistance zone. The downward move from the $45,913 swing high to the $39,500 low faced rejection near the 76.4% Fib retracement level. A high was made near $44,784 and the price is currently correcting an upward trend.

There was a move below the $44,000 level. The price traded below the 23.6% Fib retracement level, rising from the $39,501 swing low to the $44,784 high. Bitcoin is currently trading below $44,000 and the 100-hour simple moving average.

Meanwhile, immediate resistance is close to the $44,000 level. The first major resistance is at $44,400. The hourly chart of the BTC/USD pair also has a major bearish trendline forming with resistance near $44,400.

Source: TradingView.com BTCUSD

The price could go higher if it breaks above the $44,400 level. The next major resistance level is $45,500. Any further gains above the $45,500 level could open the door for a move towards the $46,000 level.

A new decline in BTC?

If Bitcoin fails to rise above the $44,400 resistance zone, it could begin a new downtrend. Immediate support for the downside is near the $42,800 level.

The next major support is near $42,150 or the 50% Fib retracement level rising from the $39,501 swing low to the $44,784 high. A break below $41,150 could see the price gain bearish momentum. If indicated, the price may decline towards the $40,500 support level in the near term.

Technical indicators:

Hourly MACD – MACD is now losing speed in bullish territory.

Hourly Relative Strength Index (RSI) – The RSI for BTC/USD is now below the 50 level.

Key support levels – $42,800, then $42,150.

Key resistance levels – $43,800, $44,000 and $44,400.

Disclaimer: This article is provided for educational purposes only. This does not represent NewsBTC’s opinion on whether to buy, sell or hold any investment, and of course investing carries risks. We recommend that you do your own research before making any investment decisions. Your use of the information provided on this website is entirely at your own risk.

Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

Cardano (ADA) Signal Recovery -Is there a strong rise?

September 15, 2025

The price of Etherrium surges beyond $ 4,500. -Main level for monitoring more profits

September 12, 2025

Bitcoin Price Struggle $ 113K -Will Bulls take a break?

September 9, 2025
Add A Comment

Comments are closed.

Recent Posts

Cardano (ADA) Signal Recovery -Is there a strong rise?

September 15, 2025

BitMine Immersion (BMNR) Announces Crypto And Cash Holdings Of $10.8 Billion, ETH Holdings Exceeding 2.151 Million

September 15, 2025

How SWLMiner Could Help You Get The IPhone 17 Air

September 15, 2025

Metabuses are increasing again -Records in August +13k NFT users

September 15, 2025

Rabby Wallet integrates XRPL EVM chain with peersyst

September 15, 2025

Stop Dreaming About The Lottery. Join H Mining And Start Earning!

September 14, 2025

Web3 EXEC warns that the US dollar Stablecoin end game is not priced.

September 14, 2025

Binance’s new Defi Initiative sparked Rollish Momentum, and BNB hit a new ATH of more than $ 900.

September 13, 2025

Top 5 Crypto PR Agencies to Scale Your Blockchain Project in Europe

September 13, 2025

The price of Etherrium surges beyond $ 4,500. -Main level for monitoring more profits

September 12, 2025

BNBCapital Emerges As Top Immutable DeFi Protocol With 239% Returns And Zero Admin Functions

September 12, 2025

Crypto Flexs is a Professional Cryptocurrency News Platform. Here we will provide you only interesting content, which you will like very much. We’re dedicated to providing you the best of Cryptocurrency. We hope you enjoy our Cryptocurrency News as much as we enjoy offering them to you.

Contact Us : Partner(@)Cryptoflexs.com

Top Insights

Cardano (ADA) Signal Recovery -Is there a strong rise?

September 15, 2025

BitMine Immersion (BMNR) Announces Crypto And Cash Holdings Of $10.8 Billion, ETH Holdings Exceeding 2.151 Million

September 15, 2025

How SWLMiner Could Help You Get The IPhone 17 Air

September 15, 2025
Most Popular

FriendTech’s token launch for trading with airdrop claim and version 2 launch

May 3, 2024

Tech giants pledge to curb AI election influence amid concerns

February 17, 2024

The head of Better Markets is opposed to Bitcoin ETFs.

January 8, 2024
  • Home
  • About Us
  • Contact Us
  • Disclaimer
  • Privacy Policy
  • Terms and Conditions
© 2025 Crypto Flexs

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