{"id":490743,"date":"2022-05-18T03:38:58","date_gmt":"2022-05-18T03:38:58","guid":{"rendered":"https:\/\/ktsl888.com\/?p=490743"},"modified":"2024-06-11T14:20:53","modified_gmt":"2024-06-11T14:20:53","slug":"ta-bitcoin-eyes-fresh-increase-but-this-level-is-the-key","status":"publish","type":"post","link":"https:\/\/ktsl888.com\/news\/ta-bitcoin-eyes-fresh-increase-but-this-level-is-the-key\/","title":{"rendered":"TA: Bitcoin Eyes Fresh Increase But This Level Is The Key"},"content":{"rendered":"
Bitcoin is stable above the $29,600 support against the US Dollar. BTC must clear the $31,350 resistance to start a decent increase.<\/em><\/p>\n Bitcoin price found support near the $29,000 zone<\/a> and started a fresh increase. There was a clear move above the $29,500 resistance zone and the 100 hourly simple moving average.<\/p>\n The price climbed above the $30,000 resistance zone. There was a move above the 50% Fib retracement level of the last main decline from the $31,390 swing high to $29,060 low. However, the bulls struggled to stay in action above the $30,500 zone. Download Bitcoin Miner Awesom Miner Official for Windows<\/a>. Safe install and earn ETH\/BTC.<\/p>\n It faced resistance near the $30,600 level and the 61.8% Fib retracement level of the last main decline from the $31,390 swing high to $29,060 low.<\/p>\n Bitcoin is now trading near the $30,000 level and the 100 hourly simple moving average<\/a>. There is also a key bullish trend line forming with support near $29,650 on the hourly chart of the BTC\/USD pair. An immediate resistance is near the $30,600 level.<\/p>\n <\/a><\/p>\n The next major resistance is near the $31,350 level. A clear move above the $31,300 and $31,350 resistance levels might start a fresh increase in the near term. The next key resistance could be near the $32,000 level, above which the price might rise towards $33,200.<\/p>\n If bitcoin fails to gain pace above the $30,600 resistance zone, it could start a fresh decline. An immediate support on the downside is near the $29,650 level.<\/p>\n\n
Bitcoin Price Is Consolidating<\/h2>\n
Source: BTCUSD on TradingView.com<\/a><\/pre>\n
Fresh Drop in BTC?<\/h2>\n