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{"id":452682,"date":"2020-12-20T04:28:25","date_gmt":"2020-12-20T04:28:25","guid":{"rendered":"https:\/\/ktsl888.com\/?p=452682"},"modified":"2024-06-11T14:12:09","modified_gmt":"2024-06-11T14:12:09","slug":"bitcoin-strengthening-case-25k","status":"publish","type":"post","link":"https:\/\/ktsl888.com\/news\/bitcoin-strengthening-case-25k\/","title":{"rendered":"Bitcoin Key Indicators Suggest A Strengthening Case For Rally To $25K"},"content":{"rendered":"

Bitcoin price extended its rise and traded above $24,000 against the US Dollar. BTC is currently correcting lower and it could find a strong support near $23,000 or $22,780.<\/em><\/p>\n

\n
Bitcoin rallied further and it traded to a new all-time high above the $24,000 level.<\/li>\n
The price is now correcting below $23,500, but it is well above the 100 simple moving average (4-hours).<\/li>\n
There was a break above a key contracting triangle with resistance near $23,100 on the 4-hours chart of the BTC\/USD pair (data feed from Kraken).<\/li>\n
The pair is likely to find a strong buying interest near $23,000 or $22,780.<\/li>\n<\/ul>\n
Bitcoin Price Sets New ATH<\/h2>\n
In the past few days, there was a steady rise in bitcoin price<\/a> above the $20,000 resistance against the US Dollar. The BTC\/USD pair broke many hurdles near $22,000 and $23,000 to extend its rally.<\/p>\n
During the recent increase, there was a break above a key contracting triangle with resistance near $23,100 on the 4-hours chart of the BTC\/USD pair. The pair climbed above the $24,000 resistance and settled well above the 100 simple moving average (4-hours).<\/p>\n
A new all-time high was formed near $24,260 and the price is currently correcting lower<\/a>. There was a break below the $23,500 support level. The price even tested the 50% Fib retracement level of the recent increase from the $22,320 swing low to $24,260 swing high.<\/p>\n
$\"Bitcoin$ <\/a><\/p>\n
Source: BTCUSD on TradingView.com<\/a><\/pre>\n
Bitcoin is approaching a couple of key supports near the $23,000 level. The 61.8% Fib retracement level of the recent increase from the $22,320 swing low to $24,260 swing high might also act as a support at $23,060.<\/p>\n
The next major support is near the $22,780 level. Any more losses could lead the price towards the $22,320 swing low or even $22,000.<\/p>\n
More Upsides in BTC?<\/h2>\n
Once the current correction wave is complete in bitcoin, it could start a fresh increase from $23,000 or $22,000. An initial resistance on the upside is near the $23,650 level.<\/p>\n
The first major resistance is near the $24,000 level. A clear break above the $24,000 resistance level could open the doors for a new all-time high above $24,260.<\/p>\n
Technical indicators<\/p>\n
4 hours MACD \u2013 The MACD for BTC\/USD is slowly losing momentum in the bullish zone.<\/p>\n
4 hours RSI (Relative Strength Index) \u2013 The RSI for BTC\/USD is correcting lower towards the 60 level.<\/p>\n
Major Support Level \u2013 $23,000<\/p>\n
Major Resistance Level \u2013 $24,000<\/p>\n","protected":false},"excerpt":{"rendered":"
Bitcoin price extended its rise and traded above $24,000 against the US Dollar. BTC is currently correcting lower and it could find a strong support near $23,000 or $22,780. Bitcoin rallied further and it traded to a new all-time high above the $24,000 level. The price is now correcting below $23,500, but it is well above the 100 simple moving average (4-hours). There was a break above a key contracting triangle with resistance near $23,100 on the 4-hours chart of the BTC\/USD pair (data feed from Kraken). The pair is likely to find a strong buying interest near $23,000 or $22,780. Bitcoin Price Sets New ATH In the past few days, there was a steady rise in bitcoin price above the $20,000 resistance against the US Dollar. The BTC\/USD pair broke many hurdles near $22,000 and $23,000 to extend its rally. During the recent increase, there was a break above a key contracting triangle with resistance near $23,100 on the 4-hours chart of the BTC\/USD pair. The pair climbed above the $24,000 resistance and settled well above the 100 simple moving average (4-hours). A new all-time high was formed near $24,260 and the price is currently correcting lower. There was a break below the $23,500 support level. The price even tested the 50% Fib retracement level of the recent increase from the $22,320 swing low to $24,260 swing high. Source: BTCUSD on TradingView.com Bitcoin is approaching a couple of key supports near the $23,000 level. The 61.8% Fib retracement level of the recent increase from the $22,320 swing low to $24,260 swing high might also act as a support at $23,060. The next major support is near the $22,780 level. Any more losses could lead the price towards the $22,320 swing low or even $22,000. More Upsides in BTC? Once the current correction wave is complete in bitcoin, it could start a fresh increase from $23,000 or $22,000. An initial resistance on the upside is near the $23,650 level. The first major resistance is near the $24,000 level. A clear break above the $24,000 resistance level could open the doors for a new all-time high above $24,260. Technical indicators 4 hours MACD \u2013 The MACD for BTC\/USD is slowly losing momentum in the bullish zone. 4 hours RSI (Relative Strength Index) \u2013 The RSI for BTC\/USD is correcting lower towards the 60 level. Major Support Level \u2013 $23,000 Major Resistance Level \u2013 $24,000<\/p>\n","protected":false},"author":67,"featured_media":452684,"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-452682","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-bitcoin","tag-btcusd","tag-btcusdt","tag-xbtusd"],"acf":[],"yoast_head":"\nBitcoin Key Indicators Suggest A Strengthening Case For Rally To $25K<\/title>\n<meta name=\"description\" content=\"Bitcoin price extended its rise and traded above $24,000. 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His background in software engineering has equipped him with a unique skill set, enabling him to leverage cutting-edge tools and algorithms to gain a competitive edge in an ever-evolving landscape. In addition to his roles in finance and technology, Aayush serves as the director of a prestigious IT company, where he spearheads initiatives aimed at driving digital innovation and transformation. Under his visionary leadership, the company has flourished, cementing its position as a leader in the tech industry and paving the way for groundbreaking advancements in software development and IT solutions. Despite his demanding professional commitments, Aayush is a firm believer in the importance of work-life balance. An avid traveler and adventurer, he finds solace in exploring new destinations, immersing himself in different cultures, and forging lasting memories along the way. Whether he's trekking through the Himalayas, diving in the azure waters of the Maldives, or experiencing the vibrant energy of bustling metropolises, Aayush embraces every opportunity to broaden his horizons and create unforgettable experiences. Aayush's journey to success is marked by a relentless pursuit of excellence and a steadfast commitment to continuous learning and growth. His academic achievements are a testament to his dedication and passion for excellence, having completed his software engineering with honors and excelling in every department. At his core, Aayush is driven by a profound passion for analyzing markets and uncovering profitable opportunities amidst volatility. Whether he's poring over price charts, identifying key support and resistance levels, or providing insightful analysis to his clients and followers, Aayush's unwavering dedication to his craft sets him apart as a true industry leader and a beacon of inspiration to aspiring traders around the globe. In a world where uncertainty reigns supreme, Aayush Jindal stands as a guiding light, illuminating the path to financial success with his unparalleled expertise, unwavering integrity, and boundless enthusiasm for the markets.","sameAs":["https:\/\/www.linkedin.com\/in\/aayush-jindal-358b6932\/","https:\/\/x.com\/twitter.com\/AayushJs"],"url":"https:\/\/ktsl888.com\/author\/aayushjindal\/"}]}},"parsely":{"version":"1.1.0","meta":{"@context":"https:\/\/schema.org","@type":"NewsArticle","headline":"Bitcoin Key Indicators Suggest A Strengthening Case For Rally To $25K","url":"http:\/\/ktsl888.com\/news\/bitcoin-strengthening-case-25k\/","mainEntityOfPage":{"@type":"WebPage","@id":"http:\/\/ktsl888.com\/news\/bitcoin-strengthening-case-25k\/"},"thumbnailUrl":"https:\/\/ktsl888.com\/wp-content\/uploads\/2020\/12\/shutterstock_631992692-1.jpg?resize=200%2C200","image":{"@type":"ImageObject","url":"https:\/\/ktsl888.com\/wp-content\/uploads\/2020\/12\/shutterstock_631992692-1.jpg?fit=1000%2C692"},"articleSection":"Cryptocurrency Market News","author":[{"@type":"Person","name":"Aayush Jindal"}],"creator":["Aayush Jindal"],"publisher":{"@type":"Organization","name":"NewsBTC","logo":"https:\/\/ktsl888.com\/wp-content\/uploads\/2020\/06\/cropped-cropped-cropped-favicon.png?w=32"},"keywords":["bitcoin","btcusd","btcusdt","xbtusd"],"dateCreated":"2020-12-20T04:28:25Z","datePublished":"2020-12-20T04:28:25Z","dateModified":"2024-06-11T14:12:09Z"},"rendered":"<script type=\"application\/ld+json\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@type\":\"NewsArticle\",\"headline\":\"Bitcoin Key Indicators Suggest A Strengthening Case For Rally To $25K\",\"url\":\"http:\\\/\\\/ktsl888.com\\\/news\\\/bitcoin-strengthening-case-25k\\\/\",\"mainEntityOfPage\":{\"@type\":\"WebPage\",\"@id\":\"http:\\\/\\\/ktsl888.com\\\/news\\\/bitcoin-strengthening-case-25k\\\/\"},\"thumbnailUrl\":\"https:\\\/\\\/ktsl888.com\\\/wp-content\\\/uploads\\\/2020\\\/12\\\/shutterstock_631992692-1.jpg?resize=200%2C200\",\"image\":{\"@type\":\"ImageObject\",\"url\":\"https:\\\/\\\/ktsl888.com\\\/wp-content\\\/uploads\\\/2020\\\/12\\\/shutterstock_631992692-1.jpg?fit=1000%2C692\"},\"articleSection\":\"Cryptocurrency Market News\",\"author\":[{\"@type\":\"Person\",\"name\":\"Aayush Jindal\"}],\"creator\":[\"Aayush Jindal\"],\"publisher\":{\"@type\":\"Organization\",\"name\":\"NewsBTC\",\"logo\":\"https:\\\/\\\/ktsl888.com\\\/wp-content\\\/uploads\\\/2020\\\/06\\\/cropped-cropped-cropped-favicon.png?w=32\"},\"keywords\":[\"bitcoin\",\"btcusd\",\"btcusdt\",\"xbtusd\"],\"dateCreated\":\"2020-12-20T04:28:25Z\",\"datePublished\":\"2020-12-20T04:28:25Z\",\"dateModified\":\"2024-06-11T14:12:09Z\"}<\/script>","tracker_url":"https:\/\/cdn.parsely.com\/keys\/ktsl888.com\/p.js"},"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"https:\/\/ktsl888.com\/wp-content\/uploads\/2020\/12\/shutterstock_631992692-1.jpg?fit=1000%2C692","amp_enabled":true,"_links":{"self":[{"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/posts\/452682"}],"collection":[{"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/users\/67"}],"replies":[{"embeddable":true,"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/comments?post=452682"}],"version-history":[{"count":0,"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/posts\/452682\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/media\/452684"}],"wp:attachment":[{"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/media?parent=452682"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/categories?post=452682"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/tags?post=452682"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}