{"id":484978,"date":"2022-03-03T03:08:20","date_gmt":"2022-03-03T03:08:20","guid":{"rendered":"https:\/\/ktsl888.com\/?p=484978"},"modified":"2024-06-11T14:17:56","modified_gmt":"2024-06-11T14:17:56","slug":"bitcoin-price-gearing-for-another-lift-off","status":"publish","type":"post","link":"https:\/\/ktsl888.com\/news\/bitcoin-price-gearing-for-another-lift-off\/","title":{"rendered":"TA: Bitcoin Price Gearing For Another Lift-Off: Rally Isn’t Over Yet"},"content":{"rendered":"
Bitcoin made another attempt to gain pace above the $45,000 resistance against the US Dollar. BTC is still consolidating and remain supported near $43,000.<\/em><\/p>\n Bitcoin price remained supported above the $43,000 level. BTC made another attempt to start a fresh increase<\/a> above the $44,500 level. It even spiked above the $45,000 resistance level.<\/p>\n However, there was no upside continuation above $45,350. A high was formed near $45,349 and the price is now correcting gains. There was a move below the $45,000 and $44,500 levels. The price also tested the 23.6% Fib retracement level of the upward move from the $37,030 swing low to $45,349 high.<\/p>\n It is now trading above $43,000 and the 100 hourly simple moving average<\/a>. There is also a major bullish trend line forming with support near $42,500 on the hourly chart of the BTC\/USD pair.<\/p>\n <\/a><\/p>\n Bitcoin is now facing resistance is near the $44,250 level. The first key resistance is near the $45,000 level. A clear move above the $45,000 resistance might set the pace for a larger increase. In the stated case, the price could surpass $45,500 and test the $46,500 resistance zone. The next major resistance for the bulls may possibly be near the $47,200 level.<\/p>\n If bitcoin fails to clear the $45,000 resistance zone, it could start a downside correction. An immediate support on the downside is near the $43,380 zone.<\/p>\n The next major support is seen near the $43,000 level or the trend line support. If there is a downside break below the trend line support, the price might gain decline towards $41,200. It is near the 50% Fib retracement level of the upward move from the $37,030 swing low to $45,349 high.<\/p>\n Technical indicators:<\/p>\n Hourly MACD \u2013 The MACD is now losing pace in the bullish zone.<\/p>\n Hourly RSI (Relative Strength Index) \u2013 The RSI for BTC\/USD is now near the 50 level.<\/p>\n Major Support Levels \u2013 $43,380, followed by $42,500.<\/p>\n Major Resistance Levels \u2013 $44,250, $45,000 and $45,350.<\/p>\n","protected":false},"excerpt":{"rendered":" Bitcoin made another attempt to gain pace above the $45,000 resistance against the US Dollar. BTC is still consolidating and remain supported near $43,000. Bitcoin spiked above the $45,000 resistance zone and traded as high as $45,349. The price is trading above $43,000 and the 100 hourly simple moving average. There is a major bullish trend line forming with support near $42,500 on the hourly chart of the BTC\/USD pair (data feed from Kraken). The pair could correct lower, but the bulls might be active near $43,000 or $42,500. Bitcoin Price Remains Supported Bitcoin price remained supported above the $43,000 level. BTC made another attempt to start a fresh increase above the $44,500 level. It even spiked above the $45,000 resistance level. However, there was no upside continuation above $45,350. A high was formed near $45,349 and the price is now correcting gains. There was a move below the $45,000 and $44,500 levels. The price also tested the 23.6% Fib retracement level of the upward move from the $37,030 swing low to $45,349 high. It is now trading above $43,000 and the 100 hourly simple moving average. There is also a major bullish trend line forming with support near $42,500 on the hourly chart of the BTC\/USD pair. Source: BTCUSD on TradingView.com Bitcoin is now facing resistance is near the $44,250 level. The first key resistance is near the $45,000 level. A clear move above the $45,000 resistance might set the pace for a larger increase. In the stated case, the price could surpass $45,500 and test the $46,500 resistance zone. The next major resistance for the bulls may possibly be near the $47,200 level. Dips Limited in BTC? If bitcoin fails to clear the $45,000 resistance zone, it could start a downside correction. An immediate support on the downside is near the $43,380 zone. The next major support is seen near the $43,000 level or the trend line support. If there is a downside break below the trend line support, the price might gain decline towards $41,200. It is near the 50% Fib retracement level of the upward move from the $37,030 swing low to $45,349 high. Technical indicators: Hourly MACD \u2013 The MACD is now losing pace in the bullish zone. Hourly RSI (Relative Strength Index) \u2013 The RSI for BTC\/USD is now near the 50 level. Major Support Levels \u2013 $43,380, followed by $42,500. Major Resistance Levels \u2013 $44,250, $45,000 and $45,350.<\/p>\n","protected":false},"author":67,"featured_media":464001,"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-484978","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 Remains Supported<\/h2>\n
Source: BTCUSD on TradingView.com<\/a><\/pre>\n
Dips Limited in BTC?<\/h2>\n