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{"id":514819,"date":"2023-01-04T20:35:25","date_gmt":"2023-01-05T01:35:25","guid":{"rendered":"https:\/\/ktsl888.com\/?p=514819"},"modified":"2024-06-11T14:35:16","modified_gmt":"2024-06-11T14:35:16","slug":"bitcoin-price-jumps-to-17k","status":"publish","type":"post","link":"https:\/\/ktsl888.com\/news\/bitcoin-price-jumps-to-17k\/","title":{"rendered":"Bitcoin Price Jumps To $17K and Prints Bullish Continuation Signal"},"content":{"rendered":"

Bitcoin price climbed higher above the $16,800 resistance. BTC could rise further if it clears the $17,000 and $17,050 levels.<\/em><\/p>\n

\n
Bitcoin is slowly moving higher above the $16,800 and $16,850 resistance levels.<\/li>\n
The price is trading above $16,700 and the 100 hourly simple moving average.<\/li>\n
There is a major bullish trend line forming with support near $16,700 on the hourly chart of the BTC\/USD pair (data feed from Kraken).<\/li>\n
The pair could rise steadily if there is a close above the $17,000 resistance.<\/li>\n<\/ul>\n
Bitcoin Price Climbs Higher<\/h2>\n
Bitcoin price remained stable above the $16,500 support zone<\/a>. BTC started a decent increase and was able to clear the $16,800 resistance level.<\/p>\n
The price even surged above the $16,850 level and the 100 hourly simple moving average. There was a spike towards the $17,000 level. A high was formed near $16,987 and the price is now correcting gains. There was a minor move below the $16,900 level.<\/p>\n
The price spiked below the 50% Fib retracement level of the recent increase from the $16,614 swing low to $16,987 high. Bitcoin price is now trading above $16,700 and the 100 hourly simple moving average<\/a>.<\/p>\n
There is also a major bullish trend line forming with support near $16,700 on the hourly chart of the BTC\/USD pair. On the upside, an immediate resistance is near the $16,900 level.<\/p>\n
$\"Bitcoin$ <\/a><\/p>\n
Source: BTCUSD on TradingView.com<\/a><\/p>\n
The next major resistance is near the $17,000 zone. A proper close above the $17,000 resistance might start a steady increase in the near term. In the stated case, the price may perhaps rise towards the $17,500 level. Any more gains might send the price towards the $18,000 level in the coming sessions.<\/p>\n
Dips Limited in BTC?<\/h2>\n
If bitcoin price fails to climb the $17,000 resistance, it could start a downside correction. An immediate support on the downside is near the $16,750 level.<\/p>\n
The 61.8% Fib retracement level of the recent increase from the $16,614 swing low to $16,987 high is also near the $16,750 level. The next major support is near the $16,700 level and the trend line. A clear move below the $16,700 support might send the price towards the $16,500 level. Any more losses might send the price towards $16,350.<\/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 above the 50 level.<\/p>\n
Major Support Levels \u2013 $16,750, followed by $16,700.<\/p>\n
Major Resistance Levels \u2013 $16,900, $17,000 and $17,500.<\/p>\n","protected":false},"excerpt":{"rendered":"
Bitcoin price climbed higher above the $16,800 resistance. BTC could rise further if it clears the $17,000 and $17,050 levels. Bitcoin is slowly moving higher above the $16,800 and $16,850 resistance levels. The price is trading above $16,700 and the 100 hourly simple moving average. There is a major bullish trend line forming with support near $16,700 on the hourly chart of the BTC\/USD pair (data feed from Kraken). The pair could rise steadily if there is a close above the $17,000 resistance. Bitcoin Price Climbs Higher Bitcoin price remained stable above the $16,500 support zone. BTC started a decent increase and was able to clear the $16,800 resistance level. The price even surged above the $16,850 level and the 100 hourly simple moving average. There was a spike towards the $17,000 level. A high was formed near $16,987 and the price is now correcting gains. There was a minor move below the $16,900 level. The price spiked below the 50% Fib retracement level of the recent increase from the $16,614 swing low to $16,987 high. Bitcoin price is now trading above $16,700 and the 100 hourly simple moving average. There is also a major bullish trend line forming with support near $16,700 on the hourly chart of the BTC\/USD pair. On the upside, an immediate resistance is near the $16,900 level. Source: BTCUSD on TradingView.com The next major resistance is near the $17,000 zone. A proper close above the $17,000 resistance might start a steady increase in the near term. In the stated case, the price may perhaps rise towards the $17,500 level. Any more gains might send the price towards the $18,000 level in the coming sessions. Dips Limited in BTC? If bitcoin price fails to climb the $17,000 resistance, it could start a downside correction. An immediate support on the downside is near the $16,750 level. The 61.8% Fib retracement level of the recent increase from the $16,614 swing low to $16,987 high is also near the $16,750 level. The next major support is near the $16,700 level and the trend line. A clear move below the $16,700 support might send the price towards the $16,500 level. Any more losses might send the price towards $16,350. 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 above the 50 level. Major Support Levels \u2013 $16,750, followed by $16,700. Major Resistance Levels \u2013 $16,900, $17,000 and $17,500.<\/p>\n","protected":false},"author":67,"featured_media":458186,"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":[428,679,1144,78790,76835],"class_list":["post-514819","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-bitcoin","tag-bitcoin-price","tag-btcusd","tag-btcusdt","tag-xbtusd"],"acf":[],"yoast_head":"\nBitcoin Price Jumps To $17K and Prints Bullish Continuation Signal<\/title>\n<meta name=\"description\" content=\"Bitcoin price climbed higher above the $16,800 resistance. BTC could rise further if it clears the $17,000 and $17,050 levels. 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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 Price Jumps To $17K and Prints Bullish Continuation Signal","url":"http:\/\/ktsl888.com\/news\/bitcoin-price-jumps-to-17k\/","mainEntityOfPage":{"@type":"WebPage","@id":"http:\/\/ktsl888.com\/news\/bitcoin-price-jumps-to-17k\/"},"thumbnailUrl":"https:\/\/ktsl888.com\/wp-content\/uploads\/2021\/03\/shutterstock_1182580207.jpg?resize=200%2C200","image":{"@type":"ImageObject","url":"https:\/\/ktsl888.com\/wp-content\/uploads\/2021\/03\/shutterstock_1182580207.jpg?fit=1000%2C563"},"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","bitcoin price","btcusd","btcusdt","xbtusd"],"dateCreated":"2023-01-05T01:35:25Z","datePublished":"2023-01-05T01:35:25Z","dateModified":"2024-06-11T14:35:16Z"},"rendered":"<script type=\"application\/ld+json\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@type\":\"NewsArticle\",\"headline\":\"Bitcoin Price Jumps To $17K and Prints Bullish Continuation Signal\",\"url\":\"http:\\\/\\\/ktsl888.com\\\/news\\\/bitcoin-price-jumps-to-17k\\\/\",\"mainEntityOfPage\":{\"@type\":\"WebPage\",\"@id\":\"http:\\\/\\\/ktsl888.com\\\/news\\\/bitcoin-price-jumps-to-17k\\\/\"},\"thumbnailUrl\":\"https:\\\/\\\/ktsl888.com\\\/wp-content\\\/uploads\\\/2021\\\/03\\\/shutterstock_1182580207.jpg?resize=200%2C200\",\"image\":{\"@type\":\"ImageObject\",\"url\":\"https:\\\/\\\/ktsl888.com\\\/wp-content\\\/uploads\\\/2021\\\/03\\\/shutterstock_1182580207.jpg?fit=1000%2C563\"},\"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\",\"bitcoin price\",\"btcusd\",\"btcusdt\",\"xbtusd\"],\"dateCreated\":\"2023-01-05T01:35:25Z\",\"datePublished\":\"2023-01-05T01:35:25Z\",\"dateModified\":\"2024-06-11T14:35:16Z\"}<\/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\/2021\/03\/shutterstock_1182580207.jpg?fit=1000%2C563","amp_enabled":true,"_links":{"self":[{"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/posts\/514819","targetHints":{"allow":["GET"]}}],"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=514819"}],"version-history":[{"count":0,"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/posts\/514819\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/media\/458186"}],"wp:attachment":[{"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/media?parent=514819"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/categories?post=514819"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/tags?post=514819"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}