Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • TRADING
  • SUBMIT
Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • TRADING
  • SUBMIT
Crypto Flexs
Home»BITCOIN NEWS»Bitcoin price falls again. What could spark a new uptick?
BITCOIN NEWS

Bitcoin price falls again. What could spark a new uptick?

By Crypto FlexsDecember 18, 20233 Mins Read
Facebook Twitter Pinterest LinkedIn Tumblr Email
Bitcoin price falls again.  What could spark a new uptick?
Share
Facebook Twitter LinkedIn Pinterest Email

Bitcoin price again failed to break above the $43,500 resistance level. BTC has started a new decline and may soon revisit the $40,000 support.

  • Bitcoin is falling below the $42,000 support zone.
  • The price is trading below $42,000 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 $41,800.
  • The pair may see strong buying interest near the $40,600 and $40,000 levels.

Bitcoin price falls below $42,000

Bitcoin price attempted to rise further above the $43,000 level. However, BTC failed to clear the $43,500 resistance and formed another rejection pattern.

A high was made near $43,421 and the price began a new decline. It moved below the $42,200 and $42,000 levels. The price fell below the 50% Fib retracement level, rising from the $40,605 swing low to the $43,421 high.

Bitcoin is currently trading below $42,000 and the 100-hour simple moving average. The hourly chart of the BTC/USD pair also has a major bearish trendline forming with resistance near $41,800.

Source: TradingView.com BTCUSD

On the other hand, immediate resistance is near the $41,250 level. The first major resistance is forming near $41,800 and the trend line. A break above the $41,800 resistance could begin a steady rise. The next major resistance could be near $42,250, above which BTC could rise towards the $42,800 level. A clear break above the $42,800 level could set the pace for the $43,500 test.

Will there be more losses in BTC?

If Bitcoin fails to rise above the $41,800 resistance zone, it may continue to fall. Immediate support for the downside lies near the $40,600 level or the last swing low.

The next major support is near $40,000. It is close to the 1.236 Fib extension level, rising from the $40,605 swing low to the $43,421 high. Below that, the price could test the $39,500 area. A drop below $39,500 risks further losses. If stated, the price may fall towards the $38,400 support in the near term.

Technical indicators:

Hourly MACD – MACD is now picking up speed in bearish territory.

Hourly Relative Strength Index (RSI) – The RSI for BTC/USD is now below the 20 level.

Key support levels – $40,600, then $40,000.

Key resistance levels – $41,250, $41,800 and $42,250.

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

US Bitcoin reports holdings of 3,865 BTC after recent acquisition

October 27, 2025

Bitcoin Futures Traders Return to Pumping BTC: Will It Last?

October 21, 2025

ZBCN is tradable!

October 15, 2025
Add A Comment

Comments are closed.

Recent Posts

Pioneering Data Sovereignty Through Real-World Utility And Cultural Heritage

October 31, 2025

$BALZ Brings The Meme Migration Home

October 31, 2025

By The End Of 2025, Everyone Should Know The Best Way To Increase Wealth.

October 31, 2025

Aster’s Rocket Launch Surpasses $1B In Trading Volume, As Nubila Joins With Over 6 Million $NB In Rewards

October 31, 2025

SBF’s

October 31, 2025

Open Miner Cloud Mining Revolutionizes Cryptocurrency Mining, Generating Up To $32,000 In Daily Profits.

October 31, 2025

Analysts predict a 1,500% rally when PEPE price reaches $0.00012.

October 30, 2025

Unibase (UB), Humanity (H), And ConstructKoin (CTK) Are This Week’s Crypto Winners As Decentralized Infra Shines

October 30, 2025

Let AI Work For You — Empowering Everyone To Profit From The Intelligence Era

October 30, 2025

NOWPayments Launches $0 USDT (TRC20) Network Fee Offer For New Partners

October 30, 2025

Jiuzi Holdings Launches $1 Billion Bitcoin Treasury With SOLV To Drive Institutional Yields And RWA Innovation

October 30, 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

Pioneering Data Sovereignty Through Real-World Utility And Cultural Heritage

October 31, 2025

$BALZ Brings The Meme Migration Home

October 31, 2025

By The End Of 2025, Everyone Should Know The Best Way To Increase Wealth.

October 31, 2025
Most Popular

March banking crisis repeats, risk of Bitcoin price plummeting 40% — Arthur Hayes

January 5, 2024

The Ultimate Guide to Keeping Cryptocurrency Safe: Protect Your Digital Assets

January 21, 2024

Hipposol, Solana-powered memecoin, announces $Hippos token presale round

April 24, 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.