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<h2 id="header-0">Bitcoin is expected to suffer further losses as a result of another Fed rate rise.</h2>Because of the emerging challenges, they think the worst is yet to come for the market. Most firms were weighing in on Bitcoin, but it may fall short of their expectations.Bitcoin still is holding the key $18,500 support level against the dollar. To reach the positive zone, BTC must climb above the $20,000 resistance level.<a href="https://www.coingabbar.com/en/crypto-currency/bitcoin-btc-prices-usd" rel="noopener noreferrer nofollow">Bitcoin</a> (BTC), the world&#39;s largest cryptocurrency, is still under heavy selling pressure as global markets remain unstable. Over the weekend, the Bitcoin price fell below $19,000, with analysts expecting further declines.The Bitcoin technical chart showed a roller coaster swing, with prices taking a V-top reversal in mid-August and then falling back to 2022 bottom support near $18000. Furthermore, the crypto market has suffered in recent weeks due to unfavourable news such as rising CPI data, Fed interest rate hikes, and the US dollar index (DXY) reaching a 20-year high. As a result, market investors are increasingly worried about additional declines.As a result, a break below the support trendline will accelerate the present bearish trend and push the Bitcoin price below $18000. A candle closing above the resistance trendline, on the other hand, will provide an early sign of a bullish reversal. As a result, coin holders may experience another upswing.The 4-hour time frame chart shows this consolidation as a symmetrical triangle pattern. In concept, this pattern usually resumes the existing trend after a brief break; but, a breakout on the opposite side is possible.On the hourly chart of the BTC/USD pair, a triangle pattern is forming with support at $18,700 and resistance at $19300 level. Bitcoin&#39;s price is starting to lose below $19,000.The price fell after reaching a high of $19,400. The price fell below $19,020 and the 100 hourly simple moving average. The pair has fallen as low as $18,620 and is now consolidating losses. Above $18,800, there was a slight rise.Bitcoin price has risen above the 23.6% Fib retracement level of the current slide from the swing high of $19,400 to the low of $18,620. On the upside, the $19,020 level and the 100 hourly simple moving average serve as immediate resistance.According to <a href="https://www.coingabbar.com/en/price-analysis" rel="noopener noreferrer nofollow">Price Analysis</a>, The market capitalization of this BTC is estimated to be $361,584,484,911. The 24-hour trading volume for the coin is around $26,110,928,425. BTC market capitalization has fallen by 0.77%. However, trade volume increased by 6.82% during intraday trading. The market capitalization to volume ratio is 0.07221.On the hourly chart of the BTC/USD pair, a key bearish trend line is forming with resistance near $19,020. The trend line is close to the 50% Fib retracement level of the recent decline from the swing high of $19,400 to the low of $18,620. The next significant resistance level is at $19,400. A closing above $19,500 might lead to a fresh surge above $20,000. If there are any more gains, the price may begin to move steadily into the $21,500 resistance zone.If bitcoin may not rise above $19,500, it may start a new decline. On the downside, $18,500 provides immediate support. The next major support level is at $18,200. A clear breach below the $18,200 level might set the stage for a new slide. In the mentioned situation, the price may possibly reach $17,500.KEY LEVELS :RESISTANCE LEVEL : $19200-$19700SUPPORT LEVEL : $18500-$18000Will the breakout of the Triangle pattern determine a new trend for BITCOIN? Did you watch the graph?

BITCOIN PRICE ANALYSIS CMP-$18800 Triangle level breakout in eyes: Make or Break?

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