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{"id":517227,"date":"2023-01-23T22:54:56","date_gmt":"2023-01-24T03:54:56","guid":{"rendered":"https:\/\/ktsl888.com\/?p=517227"},"modified":"2024-06-11T15:07:39","modified_gmt":"2024-06-11T15:07:39","slug":"bitcoin-price-surge-to-25k","status":"publish","type":"post","link":"https:\/\/ktsl888.com\/news\/bitcoin-price-surge-to-25k\/","title":{"rendered":"Bitcoin Price Gearing For Another Lift-Off and Might Surge To $25K"},"content":{"rendered":"

Bitcoin price remained well supported above the $22,300 zone. BTC is rising and might aim a fresh increase above the $23,500 resistance zone.<\/em><\/p>\n

\n
Bitcoin started a minor downside correction and tested the $22,400 support zone.<\/li>\n
The price is trading above $22,500 and the 100 hourly simple moving average.<\/li>\n
There is a key bullish trend line forming with support near $22,100 on the hourly chart of the BTC\/USD pair (data feed from Kraken).<\/li>\n
The pair could start a fresh surge if it clears the $23,500 resistance zone.<\/li>\n<\/ul>\n
Bitcoin Price Eyes Another Increase<\/h2>\n
Bitcoin price gained pace above the $22,500 resistance zone. BTC even traded above the $23,000 level before it faced sellers near the $23,500 zone. There was a minor downside correction from the $23,400 zone, similar to ethereum<\/a>.<\/p>\n
The price traded as high as $23,428 before there was a downside correction<\/a>. There was a move below the $23,000 level. The price even dipped below the 23.6% Fib retracement level of the upward wave from the $20,396 swing low to $24,249 high.<\/p>\n
However, the price is stable above $22,500 and the 100 hourly simple moving average. There is also a key bullish trend line forming with support near $22,100 on the hourly chart of the BTC\/USD pair.<\/p>\n
$\"Bitcoin$ <\/a><\/p>\n
Source: BTCUSD on TradingView.com<\/a><\/p>\n
An immediate resistance is near the $23,200 level. The next major resistance is near the $23,400 zone, above which the price might gain bullish momentum. In the stated case, the price may perhaps rise even clear the $23,500 level. The next hurdle could be near the $24,200 level. Any more gains might send btc price towards the $25,000 level.<\/p>\n
Fresh Downside Correction in BTC?<\/h2>\n
If bitcoin price fails to clear the $23,400 resistance, it could start another downside correction. An immediate support on the downside is near the $22,700 zone.<\/p>\n
The next major support is near the $22,100 zone and the trend line, below which it could test the 50% Fib retracement level of the upward wave from the $20,396 swing low to $24,249 high. Any more losses might send the price to $21,500 in the near term.<\/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 $22,700, followed by $22,100.<\/p>\n
Major Resistance Levels \u2013 $23,200, $23,400 and $23,500.<\/p>\n","protected":false},"excerpt":{"rendered":"
Bitcoin price remained well supported above the $22,300 zone. BTC is rising and might aim a fresh increase above the $23,500 resistance zone. Bitcoin started a minor downside correction and tested the $22,400 support zone. The price is trading above $22,500 and the 100 hourly simple moving average. There is a key bullish trend line forming with support near $22,100 on the hourly chart of the BTC\/USD pair (data feed from Kraken). The pair could start a fresh surge if it clears the $23,500 resistance zone. Bitcoin Price Eyes Another Increase Bitcoin price gained pace above the $22,500 resistance zone. BTC even traded above the $23,000 level before it faced sellers near the $23,500 zone. There was a minor downside correction from the $23,400 zone, similar to ethereum. The price traded as high as $23,428 before there was a downside correction. There was a move below the $23,000 level. The price even dipped below the 23.6% Fib retracement level of the upward wave from the $20,396 swing low to $24,249 high. However, the price is stable above $22,500 and the 100 hourly simple moving average. There is also a key bullish trend line forming with support near $22,100 on the hourly chart of the BTC\/USD pair. Source: BTCUSD on TradingView.com An immediate resistance is near the $23,200 level. The next major resistance is near the $23,400 zone, above which the price might gain bullish momentum. In the stated case, the price may perhaps rise even clear the $23,500 level. The next hurdle could be near the $24,200 level. Any more gains might send btc price towards the $25,000 level. Fresh Downside Correction in BTC? If bitcoin price fails to clear the $23,400 resistance, it could start another downside correction. An immediate support on the downside is near the $22,700 zone. The next major support is near the $22,100 zone and the trend line, below which it could test the 50% Fib retracement level of the upward wave from the $20,396 swing low to $24,249 high. Any more losses might send the price to $21,500 in the near term. 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 $22,700, followed by $22,100. Major Resistance Levels \u2013 $23,200, $23,400 and $23,500.<\/p>\n","protected":false},"author":67,"featured_media":462847,"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":[],"class_list":["post-517227","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news"],"acf":[],"yoast_head":"\nBitcoin Price Gearing For Another Lift-Off and Might Surge To $25K<\/title>\n<meta name=\"description\" content=\"Bitcoin price remained well supported above the $22,300 zone. BTC is rising and might aim a fresh increase above the $23,500 resistance zone. 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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 Gearing For Another Lift-Off and Might Surge To $25K","url":"http:\/\/ktsl888.com\/news\/bitcoin-price-surge-to-25k\/","mainEntityOfPage":{"@type":"WebPage","@id":"http:\/\/ktsl888.com\/news\/bitcoin-price-surge-to-25k\/"},"thumbnailUrl":"https:\/\/ktsl888.com\/wp-content\/uploads\/2021\/05\/shutterstock_793954189.jpg?resize=200%2C200","image":{"@type":"ImageObject","url":"https:\/\/ktsl888.com\/wp-content\/uploads\/2021\/05\/shutterstock_793954189.jpg?fit=1000%2C667"},"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":[],"dateCreated":"2023-01-24T03:54:56Z","datePublished":"2023-01-24T03:54:56Z","dateModified":"2024-06-11T15:07:39Z"},"rendered":"<script type=\"application\/ld+json\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@type\":\"NewsArticle\",\"headline\":\"Bitcoin Price Gearing For Another Lift-Off and Might Surge To $25K\",\"url\":\"http:\\\/\\\/ktsl888.com\\\/news\\\/bitcoin-price-surge-to-25k\\\/\",\"mainEntityOfPage\":{\"@type\":\"WebPage\",\"@id\":\"http:\\\/\\\/ktsl888.com\\\/news\\\/bitcoin-price-surge-to-25k\\\/\"},\"thumbnailUrl\":\"https:\\\/\\\/ktsl888.com\\\/wp-content\\\/uploads\\\/2021\\\/05\\\/shutterstock_793954189.jpg?resize=200%2C200\",\"image\":{\"@type\":\"ImageObject\",\"url\":\"https:\\\/\\\/ktsl888.com\\\/wp-content\\\/uploads\\\/2021\\\/05\\\/shutterstock_793954189.jpg?fit=1000%2C667\"},\"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\":[],\"dateCreated\":\"2023-01-24T03:54:56Z\",\"datePublished\":\"2023-01-24T03:54:56Z\",\"dateModified\":\"2024-06-11T15:07:39Z\"}<\/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\/05\/shutterstock_793954189.jpg?fit=1000%2C667","amp_enabled":true,"_links":{"self":[{"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/posts\/517227","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=517227"}],"version-history":[{"count":0,"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/posts\/517227\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/media\/462847"}],"wp:attachment":[{"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/media?parent=517227"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/categories?post=517227"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/tags?post=517227"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}