Bitcoin Price Recovers Ground But This Resistance Is The Key For Upside

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Bitcoin Price Recovers Ground But This Resistance Is The Key For Upside

Bitcoin price is rising and trading above $23,000. BTC could gain bullish momentum if there is a clear move above the $23,500 resistance zone.

Bitcoin is correcting losses and trading above the $23,000 support zone. The price is trading above $23,000 and the 100 hourly simple moving average. There was a break above a crucial bearish trend line with resistance near $23,000 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could rise further and move into a bullish zone if it clears the $23,500 resistance.

Bitcoin Price Forms Decent Support

Bitcoin price remained well bid above the $ 22,500 समर्थन. A base was formed above $22,500 and BTC started a decent recovery wave. There was a clear move above the $22,800 and $23,000 resistance levels.

There was also a break above a crucial bearish trend line with resistance near $23,000 on the hourly chart of the BTC/USD pair. The pair climbed above the 23.6% Fib retracement level of the key decline from the $24,282 swing high to $22,599 low.

Bitcoin price is trading above $23,000 and the १०० घण्टा सरल चलती औसत. An immediate resistance is near the $23,450 zone. It is near the 50% Fib retracement level of the key decline from the $24,282 swing high to $22,599 low.

स्रोत: TTCView.com मा BTCUSD

The next major resistance is near the $23,500 zone. A clear move above the $23,500 resistance might start a steady increase. In the stated case, the price may perhaps jump towards the $24,000 level. The next resistance could be near the $24,250 level, above which btc price might rise towards the $25,000 resistance zone.

डिप्स BTC मा समर्थित?

If bitcoin price fails to clear the $23,500 resistance, it could start another downside correction. An immediate support on the downside is near the $23,000 zone and the 100 hourly simple moving average.

The next major support is near the $22,800 zone. A downside break below the $22,800 zone might send the price towards the $22,600 zone. Any more losses might call for a test of the $22,500 support in the near term.

प्राविधिक संकेतक:

प्रति घण्टा MACD - MACD अब तेजी क्षेत्रमा गति गुमाउँदैछ।

प्रति घण्टा RSI (सापेक्ष शक्ति सूचकांक) - BTC / USD का लागि RSI अब level० भन्दा माथि छ।

प्रमुख समर्थन स्तर - $ 23,000, followed 22,800 पछि।

प्रमुख प्रतिरोध स्तर - $ 23,450, $ 23,500 र $ 24,000।

मूल स्रोत: समाचार बीटीसी