{"id":487540,"date":"2022-04-05T03:08:00","date_gmt":"2022-04-05T03:08:00","guid":{"rendered":"https:\/\/ktsl888.com\/?p=487540"},"modified":"2024-06-11T14:20:57","modified_gmt":"2024-06-11T14:20:57","slug":"bitcoin-fresh-surge-47k","status":"publish","type":"post","link":"https:\/\/ktsl888.com\/news\/bitcoin-fresh-surge-47k\/","title":{"rendered":"TA: Bitcoin Key Indicators Suggest Strengthening Case For Fresh Surge"},"content":{"rendered":"
Bitcoin is slowly gaining pace above $46,500 against the US Dollar. BTC must clear $47,000 to move into a positive territory in the short term.<\/em><\/p>\n Bitcoin price extended decline<\/a> and tested the $45,150 zone. BTC formed a base above $45,150 and started a fresh increase. There was a break above the $45,500 and $45,800 levels. Download Bitcoin Miner Awesom Miner Official for Windows<\/a>. Safe install and earn ETH\/BTC.<\/p>\n The price was able to climb above the 50% Fib retracement level of the recent decline from the $47,444 swing low to $45,153 low. It is now trading above $46,200 and the 100 hourly simple moving average<\/a>. On the upside, an immediate resistance is near the $46,700 level.<\/p>\n Besides, there is a major bearish trend line forming with resistance near $46,700 on the hourly chart of the BTC\/USD pair. The next resistance could be near $47,000 or the 76.4% Fib retracement level of the recent decline from the $47,444 swing low to $45,153 low.<\/p>\n <\/a><\/p>\n A clear move above the $47,000 resistance could start a major increase. In the stated case, the price may perhaps rise towards the $48,000 resistance. Any more gains might send the price towards the $50,000 barrier. An intermediate resistance may possibly be near the $49,250 level.<\/p>\n If bitcoin fails to clear the $47,000 resistance zone, it could start another decline. An immediate support on the downside is near the $46,200 level and the 100 hourly simple moving average.<\/p>\n\n
Bitcoin Price Eyes Upside Break<\/h2>\n
Source: BTCUSD on TradingView.com<\/a><\/pre>\n
Upsides Capped in BTC?<\/h2>\n