{"id":487243,"date":"2022-03-31T03:08:33","date_gmt":"2022-03-31T03:08:33","guid":{"rendered":"https:\/\/ktsl888.com\/?p=487243"},"modified":"2024-06-11T14:20:58","modified_gmt":"2024-06-11T14:20:58","slug":"why-bitcoin-could-revisit-50k","status":"publish","type":"post","link":"https:\/\/ktsl888.com\/news\/why-bitcoin-could-revisit-50k\/","title":{"rendered":"TA: Why Bitcoin Could Start Fresh Increase and Revisit $50K"},"content":{"rendered":"
Bitcoin is consolidating below the $48,000 resistance against the US Dollar. BTC could start a fresh rally if it clears the $48,000 resistance zone.<\/em><\/p>\n Bitcoin price started a minor downside correction<\/a> after it failed near the $48,200 level. BTC corrected lower and traded below the $47,800 support level. Download Bitcoin Miner Awesom Miner Official for Windows<\/a>. Safe install and earn ETH\/BTC.<\/p>\n There was a move below the 23.6% Fib retracement level of the upward move from the $44,469 swing low $48,200 high. The price even moved below the $47,000 level, but the bulls were active near the $46,800 and $46,500 levels.<\/p>\n Bitcoin is now trading above $46,500 and the 100 hourly simple moving average<\/a>. On the upside, the price is facing resistance near the $47,600 level.<\/p>\n There is also a major breakout pattern forming with resistance near $47,700 on the hourly chart of the BTC\/USD pair. The next major resistance could be near the $48,000 zone. A successful break and close above the triangle resistance and then $48,000 could start a strong increase.<\/p>\n <\/a><\/p>\n The next major hurdle on the upside might be near the $49,200 level. Any more gains could send the price towards the key the $50,000 level.<\/p>\n If bitcoin fails to clear the $47,700 resistance zone, it could correct further lower. An immediate support on the downside is near the $47,000 zone. The next major support is seen near the $46,800 level and the 100 hourly simple moving average.<\/p>\n\n
Bitcoin Price Eyes Fresh Increase<\/h2>\n
Source: BTCUSD on TradingView.com<\/a><\/pre>\n
Dips Limited in BTC?<\/h2>\n