{"id":21236,"date":"2022-12-19T08:36:35","date_gmt":"2022-12-19T08:36:35","guid":{"rendered":"https:\/\/zebpay.com\/in\/?p=21236"},"modified":"2022-12-19T08:36:36","modified_gmt":"2022-12-19T08:36:36","slug":"bitcoin-technical-analysis-report-19th-december-2022","status":"publish","type":"post","link":"https:\/\/zebpay.com\/in\/blog\/bitcoin-technical-analysis-report-19th-december-2022","title":{"rendered":"Bitcoin Technical Analysis Report | 19th-December-2022<\/strong>"},"content":{"rendered":"\n

BTC trading on Dec 14th was very volatile, and its price traded in a tight range between $16,693.67 and $16,815.39. However, at around 12 midnight, BTC saw a sudden bullish move in price, lifting it from lows of $16,693.67 to highs of $16,815.39. This impulse continued from midnight. On the morning of December 19th, Bitcoin continued to oscillate between the red and green charts. Long-term (LTH) holders resist the temptation to sell even though Bitcoin is down more than 70% from its recent all-time high. At the same time, short-term speculators are feeling a sharp pain from the recent price movement. BTC\u2019s market dominance is at 39.85%.<\/p>\n\n\n\n

At the time of writing, BTC<\/a> was trading at $16,712.<\/p>\n\n\n

\n
\"Bitcoin
Bitcoin (BTC) Chart<\/figcaption><\/figure><\/div>\n\n\n

BTC after making the low of $15,476 started consolidating in a range between $17,250 and $16,000. The asset gave a breakout on the upside after the CPI data was released by the US government and made a high of $18,387. However, the bulls failed to manage their grip on the asset and it witnessed profit booking at higher levels and the prices dropped to $16,527. The longer upper shadow indicates that bears are selling around $18k levels.  Bitcoin has strong support around $15,500 (recent low of $15,476).  If it breaks the support, we can expect it to fall further and test the next support, which is around $12k whereas to witness a rally, it needs to break and sustain above $18k.<\/p>\n\n\n\n

Key Levels:<\/strong><\/h2>\n\n\n\n
Support 2<\/strong><\/td>Support 1<\/strong><\/td>Asset<\/strong><\/td>Resistance 1<\/strong><\/td>Resistance 2<\/strong><\/td><\/tr>
$12,500<\/td>$15,500<\/td>BTC<\/strong><\/td>$18,000<\/td>$22,500<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n

Disclaimer:<\/em><\/strong> Crypto products and NFTs are unregulated and can be highly risky. There may be no regulatory recourse for any loss from such transactions. Each investor must do his\/her own research or seek independent advice if necessary before initiating any transactions in crypto products and NFTs. The views, thoughts, and opinions expressed in the article belong solely to the author, and not to ZebPay or the author’s employer or other groups or individuals. ZebPay shall not be held liable for any acts or omissions, or losses incurred by the investors. ZebPay has not received any compensation in cash or kind for the above article and the article is provided \u201cas is\u201d, with no guarantee of completeness, accuracy, timeliness or of the results obtained from the use of this information.<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"

BTC trading on Dec 14th was very volatile, and its price traded in a tight range between $16,693.67 and $16,815.39. However, at around 12 midnight, BTC saw a sudden bullish move in price, lifting it from lows of $16,693.67 to highs of $16,815.39. This impulse continued from midnight. On the morning of December 19th, Bitcoin […]<\/p>\n","protected":false},"author":1,"featured_media":21233,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"inline_featured_image":false,"_ayudawp_aiss_exclude":false,"footnotes":""},"categories":[26],"tags":[],"acf":[],"_links":{"self":[{"href":"https:\/\/zebpay.com\/in\/wp-json\/wp\/v2\/posts\/21236"}],"collection":[{"href":"https:\/\/zebpay.com\/in\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/zebpay.com\/in\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/zebpay.com\/in\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/zebpay.com\/in\/wp-json\/wp\/v2\/comments?post=21236"}],"version-history":[{"count":0,"href":"https:\/\/zebpay.com\/in\/wp-json\/wp\/v2\/posts\/21236\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/zebpay.com\/in\/wp-json\/wp\/v2\/media\/21233"}],"wp:attachment":[{"href":"https:\/\/zebpay.com\/in\/wp-json\/wp\/v2\/media?parent=21236"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/zebpay.com\/in\/wp-json\/wp\/v2\/categories?post=21236"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/zebpay.com\/in\/wp-json\/wp\/v2\/tags?post=21236"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}