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{"id":516152,"date":"2023-01-15T21:56:29","date_gmt":"2023-01-16T02:56:29","guid":{"rendered":"https:\/\/ktsl888.com\/?p=516152"},"modified":"2024-06-11T08:52:07","modified_gmt":"2024-06-11T08:52:07","slug":"bitcoin-price-resumes-increase-20k","status":"publish","type":"post","link":"https:\/\/ktsl888.com\/news\/bitcoin-price-resumes-increase-20k\/","title":{"rendered":"Bitcoin Price Resumes Increase as The Crypto Bulls Take Control"},"content":{"rendered":"

Bitcoin price climbed further higher above $21,000. BTC is rising and might aim a move towards the $22,000 resistance zone in the near term.<\/em><\/p>\n

\n
Bitcoin climbed further higher above the $20,000 and $20,500 resistance levels.<\/li>\n
The price is trading above $20,200 and the 100 hourly simple moving average.<\/li>\n
There is a major bullish trend line forming with support near $20,500 on the hourly chart of the BTC\/USD pair (data feed from Kraken).<\/li>\n
The pair could rise further above the $21,500 resistance zone in the near term.<\/li>\n<\/ul>\n
Bitcoin Price Gains Bullish Momentum<\/h2>\n
Bitcoin price gained a strong bullish momentum<\/a> and settled above the $20,000 resistance zone. BTC even climbed above the $20,500 level to move into a positive zone.<\/p>\n
The price consolidated for some time above the $20,500 level. A high is formed near $21,484 and the price is now showing signs of more upsides<\/a>. It is now trading above $20,200 and the 100 hourly simple moving average. There is also a major bullish trend line forming with support near $20,500 on the hourly chart of the BTC\/USD pair.<\/p>\n
It is also trading above the 23.6% Fib retracement level of the upward move from the $20,248 swing low to $21,484 high. On the upside, an immediate resistance is near the $21,500 level.<\/p>\n
$\"Bitcoin$ <\/a><\/p>\n
Source: BTCUSD on TradingView.com<\/a><\/p>\n
The next major resistance is near the $21,850 zone, above which the price might start another steady increase. In the stated case, the price may perhaps rise towards the $22,000 level. Any more gains might send btc price towards the $22,500 level.<\/p>\n
Downside Correction in BTC?<\/h2>\n
If bitcoin price fails to clear the $21,500 resistance, it could start a downside correction. An immediate support on the downside is near the $21,000 level.<\/p>\n
The next major support is near the $20,500 level and the trend line. It is near the 61.8% Fib retracement level of the upward move from the $20,248 swing low to $21,484 high. The main support is now forming near the $20,200 level, below which the price might retest $19,000.<\/p>\n
Technical indicators:<\/p>\n
Hourly MACD \u2013 The MACD is now gaining 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 $20,500, followed by $20,200.<\/p>\n
Major Resistance Levels \u2013 $21,500, $22,000 and $22,500.<\/p>\n","protected":false},"excerpt":{"rendered":"
Bitcoin price climbed further higher above $21,000. BTC is rising and might aim a move towards the $22,000 resistance zone in the near term. Bitcoin climbed further higher above the $20,000 and $20,500 resistance levels. The price is trading above $20,200 and the 100 hourly simple moving average. There is a major bullish trend line forming with support near $20,500 on the hourly chart of the BTC\/USD pair (data feed from Kraken). The pair could rise further above the $21,500 resistance zone in the near term. Bitcoin Price Gains Bullish Momentum Bitcoin price gained a strong bullish momentum and settled above the $20,000 resistance zone. BTC even climbed above the $20,500 level to move into a positive zone. The price consolidated for some time above the $20,500 level. A high is formed near $21,484 and the price is now showing signs of more upsides. It is now trading above $20,200 and the 100 hourly simple moving average. There is also a major bullish trend line forming with support near $20,500 on the hourly chart of the BTC\/USD pair. It is also trading above the 23.6% Fib retracement level of the upward move from the $20,248 swing low to $21,484 high. On the upside, an immediate resistance is near the $21,500 level. Source: BTCUSD on TradingView.com The next major resistance is near the $21,850 zone, above which the price might start another steady increase. In the stated case, the price may perhaps rise towards the $22,000 level. Any more gains might send btc price towards the $22,500 level. Downside Correction in BTC? If bitcoin price fails to clear the $21,500 resistance, it could start a downside correction. An immediate support on the downside is near the $21,000 level. The next major support is near the $20,500 level and the trend line. It is near the 61.8% Fib retracement level of the upward move from the $20,248 swing low to $21,484 high. The main support is now forming near the $20,200 level, below which the price might retest $19,000. Technical indicators: Hourly MACD \u2013 The MACD is now gaining 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 $20,500, followed by $20,200. Major Resistance Levels \u2013 $21,500, $22,000 and $22,500.<\/p>\n","protected":false},"author":67,"featured_media":459898,"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-516152","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 Resumes Increase as The Crypto Bulls Take Control<\/title>\n<meta name=\"description\" content=\"Bitcoin price climbed further higher above $21,000. BTC is rising and might aim a move towards the $22,000 resistance zone in the near term. 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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 Resumes Increase as The Crypto Bulls Take Control","url":"http:\/\/ktsl888.com\/news\/bitcoin-price-resumes-increase-20k\/","mainEntityOfPage":{"@type":"WebPage","@id":"http:\/\/ktsl888.com\/news\/bitcoin-price-resumes-increase-20k\/"},"thumbnailUrl":"https:\/\/ktsl888.com\/wp-content\/uploads\/2021\/03\/shutterstock_350833328-scaled.jpg?resize=200%2C200","image":{"@type":"ImageObject","url":"https:\/\/ktsl888.com\/wp-content\/uploads\/2021\/03\/shutterstock_350833328-scaled.jpg?fit=2560%2C1809"},"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":"2023-01-16T02:56:29Z","datePublished":"2023-01-16T02:56:29Z","dateModified":"2024-06-11T08:52:07Z"},"rendered":"<script type=\"application\/ld+json\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@type\":\"NewsArticle\",\"headline\":\"Bitcoin Price Resumes Increase as The Crypto Bulls Take Control\",\"url\":\"http:\\\/\\\/ktsl888.com\\\/news\\\/bitcoin-price-resumes-increase-20k\\\/\",\"mainEntityOfPage\":{\"@type\":\"WebPage\",\"@id\":\"http:\\\/\\\/ktsl888.com\\\/news\\\/bitcoin-price-resumes-increase-20k\\\/\"},\"thumbnailUrl\":\"https:\\\/\\\/ktsl888.com\\\/wp-content\\\/uploads\\\/2021\\\/03\\\/shutterstock_350833328-scaled.jpg?resize=200%2C200\",\"image\":{\"@type\":\"ImageObject\",\"url\":\"https:\\\/\\\/ktsl888.com\\\/wp-content\\\/uploads\\\/2021\\\/03\\\/shutterstock_350833328-scaled.jpg?fit=2560%2C1809\"},\"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\":\"2023-01-16T02:56:29Z\",\"datePublished\":\"2023-01-16T02:56:29Z\",\"dateModified\":\"2024-06-11T08:52:07Z\"}<\/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_350833328-scaled.jpg?fit=2560%2C1809","amp_enabled":true,"_links":{"self":[{"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/posts\/516152"}],"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=516152"}],"version-history":[{"count":0,"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/posts\/516152\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/media\/459898"}],"wp:attachment":[{"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/media?parent=516152"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/categories?post=516152"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/tags?post=516152"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}