{"id":448145,"date":"2020-10-28T04:08:48","date_gmt":"2020-10-28T04:08:48","guid":{"rendered":"https:\/\/ktsl888.com\/?p=448145"},"modified":"2024-06-11T14:07:39","modified_gmt":"2024-06-11T14:07:39","slug":"bitcoin-just-broke-13-8k","status":"publish","type":"post","link":"https:\/\/ktsl888.com\/news\/bitcoin-just-broke-13-8k\/","title":{"rendered":"TA: Bitcoin Just Broke $13.8K and Its Likely To Surge Past $14K"},"content":{"rendered":"
Bitcoin price is gaining traction and it broke $13,500 and $13,800 resistance levels against the US Dollar. BTC is likely to continue higher above the $14,000 resistance.<\/em><\/p>\n Bitcoin price remained in a positive zone<\/a> after it cleared the key $13,500 resistance zone. BTC settled nicely above the $13,500 level and the 100 hourly simple moving average to open the doors for more gains.<\/p>\n More importantly, there was a break above a major bearish trend line with resistance near $13,100 on the hourly chart of the BTC\/USD pair. The pair gained momentum<\/a> and it even broke the $13,800 resistance level.<\/p>\n A high is formed near $13,851 and the price is showing no major signs of trend exhaustion. If there is a downside correction, the $13,750 level is an initial support. It is close to the 23.6% Fib retracement level of the recent wave from the $13,352 swing low to $13,851 high.<\/p>\n <\/a><\/p>\n The first major support is near the $13,600 level. It represents the 50% Fib retracement level of the recent wave from the $13,352 swing low to $13,851 high.<\/p>\n On the upside, the $13,850 level is a short-term resistance. The main resistance is near the $14,000 level, above which the bulls are likely to gain strength for another rally. The next stop could be $14,200 or even $14,400.<\/p>\n If bitcoin fails to climb above the $13,850 or $14,000 resistance levels, there is a risk of a short-term downside correction. An initial support is near the $13,750 zone.<\/p>\n The main support is near the $13,600 and $13,500 levels, below which there are chances of a larger decline towards the $13,000 support level (the previous breakout zone).<\/p>\n Technical indicators:<\/p>\n Hourly MACD \u2013 The MACD is now gaining momentum in the bullish zone.<\/p>\n Hourly RSI (Relative Strength Index) \u2013 The RSI for BTC\/USD is now well above the 50 level, with positive signs.<\/p>\n Major Support Levels \u2013 $13,750, followed by $13,600.<\/p>\n Major Resistance Levels \u2013 $13,850, $14,000 and $14,000.<\/p>\n","protected":false},"excerpt":{"rendered":" Bitcoin price is gaining traction and it broke $13,500 and $13,800 resistance levels against the US Dollar. BTC is likely to continue higher above the $14,000 resistance. Bitcoin is up over 5% and it surpassed the main $13,500 resistance level. The price is trading with a positive angle above $13,800 and the 100 hourly simple moving average. There was a break above a major bearish trend line with resistance near $13,100 on the hourly chart of the BTC\/USD pair (data feed from Kraken). The pair is likely to gain strength above the $14,000 resistance level in the near term. Bitcoin Price is Gaining Momentum Bitcoin price remained in a positive zone after it cleared the key $13,500 resistance zone. BTC settled nicely above the $13,500 level and the 100 hourly simple moving average to open the doors for more gains. More importantly, there was a break above a major bearish trend line with resistance near $13,100 on the hourly chart of the BTC\/USD pair. The pair gained momentum and it even broke the $13,800 resistance level. A high is formed near $13,851 and the price is showing no major signs of trend exhaustion. If there is a downside correction, the $13,750 level is an initial support. It is close to the 23.6% Fib retracement level of the recent wave from the $13,352 swing low to $13,851 high. Source: BTCUSD on TradingView.com The first major support is near the $13,600 level. It represents the 50% Fib retracement level of the recent wave from the $13,352 swing low to $13,851 high. On the upside, the $13,850 level is a short-term resistance. The main resistance is near the $14,000 level, above which the bulls are likely to gain strength for another rally. The next stop could be $14,200 or even $14,400. Downside Correction in BTC? If bitcoin fails to climb above the $13,850 or $14,000 resistance levels, there is a risk of a short-term downside correction. An initial support is near the $13,750 zone. The main support is near the $13,600 and $13,500 levels, below which there are chances of a larger decline towards the $13,000 support level (the previous breakout zone). Technical indicators: Hourly MACD \u2013 The MACD is now gaining momentum in the bullish zone. Hourly RSI (Relative Strength Index) \u2013 The RSI for BTC\/USD is now well above the 50 level, with positive signs. Major Support Levels \u2013 $13,750, followed by $13,600. Major Resistance Levels \u2013 $13,850, $14,000 and $14,000.<\/p>\n","protected":false},"author":67,"featured_media":448147,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[3],"tags":[428,1144,78790,76835],"class_list":["post-448145","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-bitcoin","tag-btcusd","tag-btcusdt","tag-xbtusd"],"acf":[],"yoast_head":"\n\n
Bitcoin Price is Gaining Momentum<\/h2>\n
Source: BTCUSD on TradingView.com<\/a><\/pre>\n
Downside Correction in BTC?<\/h2>\n