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{"id":520368,"date":"2023-02-21T03:04:26","date_gmt":"2023-02-21T03:04:26","guid":{"rendered":"https:\/\/ktsl888.com\/?p=520368"},"modified":"2024-06-11T14:32:41","modified_gmt":"2024-06-11T14:32:41","slug":"bitcoin-price-could-skyrocket-25k","status":"publish","type":"post","link":"https:\/\/ktsl888.com\/news\/bitcoin-price-could-skyrocket-25k\/","title":{"rendered":"Bitcoin Price Could Skyrocket To $28K If It Clears This Resistance"},"content":{"rendered":"

Bitcoin price is attempting an upside break above the $25,000 resistance. BTC could gain pace and rally if it settles above the $25,000 resistance zone.<\/em><\/p>\n

\n
Bitcoin is struggling to clear the key $25,000 resistance zone.<\/li>\n
The price is trading below $24,500 and the 100 hourly simple moving average.<\/li>\n
There is a key bullish trend line forming with support near $24,580 on the hourly chart of the BTC\/USD pair (data feed from Kraken).<\/li>\n
The pair could rally if there is a close above the $25,000 resistance zone.<\/li>\n<\/ul>\n
Bitcoin Price Eyes Upside Break<\/h2>\n
Bitcoin price remained well supported<\/a> above the $24,500 pivot zone. BTC mostly traded in a range and remained well bid for a move higher above $25,000.<\/p>\n
However, the bears seem to be active near the $25,000 and $25,200 levels. It remained stable above the 50% Fib retracement level of the upward move from the $23,867 swing low to $25,117 high. The price is now attempting a fresh upside break above the $25,000 resistance zone<\/a>.<\/p>\n
Bitcoin price is also trading below $24,500 and the 100 hourly simple moving average. Besides, there is a key bullish trend line forming with support near $24,580 on the hourly chart of the BTC\/USD pair.<\/p>\n
$\"Bitcoin$ <\/a><\/p>\n
Source: BTCUSD on TradingView.com<\/a><\/p>\n
On the upside, an immediate resistance is near the $25,100 level. The next major resistance is near the $25,200 zone. A clear move above the $25,200 resistance might start a strong rally. In the stated case, the price may perhaps rise towards the $26,200 level. The next resistance could be near the $27,500 level, above which the bulls could aim a test of $28,000.<\/p>\n
Dips Supported in BTC?<\/h2>\n
If bitcoin price fails to clear the $25,200 resistance, it could start a downside correction. An immediate support on the downside is near the $24,600 zone and the trend line.<\/p>\n
The next major support is near the $24,350 zone or the 61.8% Fib retracement level of the upward move from the $23,867 swing low to $25,117 high. If there is a downside break, the price might decline towards $24,000. The next major support is near the $23,570 level, below which the price might decline towards the $23,380 support.<\/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 $24,580, followed by $24,350.<\/p>\n
Major Resistance Levels \u2013 $25,100, $25,200 and $26,200.<\/p>\n","protected":false},"excerpt":{"rendered":"
Bitcoin price is attempting an upside break above the $25,000 resistance. BTC could gain pace and rally if it settles above the $25,000 resistance zone. Bitcoin is struggling to clear the key $25,000 resistance zone. The price is trading below $24,500 and the 100 hourly simple moving average. There is a key bullish trend line forming with support near $24,580 on the hourly chart of the BTC\/USD pair (data feed from Kraken). The pair could rally if there is a close above the $25,000 resistance zone. Bitcoin Price Eyes Upside Break Bitcoin price remained well supported above the $24,500 pivot zone. BTC mostly traded in a range and remained well bid for a move higher above $25,000. However, the bears seem to be active near the $25,000 and $25,200 levels. It remained stable above the 50% Fib retracement level of the upward move from the $23,867 swing low to $25,117 high. The price is now attempting a fresh upside break above the $25,000 resistance zone. Bitcoin price is also trading below $24,500 and the 100 hourly simple moving average. Besides, there is a key bullish trend line forming with support near $24,580 on the hourly chart of the BTC\/USD pair. Source: BTCUSD on TradingView.com On the upside, an immediate resistance is near the $25,100 level. The next major resistance is near the $25,200 zone. A clear move above the $25,200 resistance might start a strong rally. In the stated case, the price may perhaps rise towards the $26,200 level. The next resistance could be near the $27,500 level, above which the bulls could aim a test of $28,000. Dips Supported in BTC? If bitcoin price fails to clear the $25,200 resistance, it could start a downside correction. An immediate support on the downside is near the $24,600 zone and the trend line. The next major support is near the $24,350 zone or the 61.8% Fib retracement level of the upward move from the $23,867 swing low to $25,117 high. If there is a downside break, the price might decline towards $24,000. The next major support is near the $23,570 level, below which the price might decline towards the $23,380 support. 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 $24,580, followed by $24,350. Major Resistance Levels \u2013 $25,100, $25,200 and $26,200.<\/p>\n","protected":false},"author":67,"featured_media":462414,"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-520368","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 Could Skyrocket To $28K If It Clears This Resistance<\/title>\n<meta name=\"description\" content=\"Bitcoin price is attempting an upside break above the $25,000 resistance. 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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 Could Skyrocket To $28K If It Clears This Resistance","url":"http:\/\/ktsl888.com\/news\/bitcoin-price-could-skyrocket-25k\/","mainEntityOfPage":{"@type":"WebPage","@id":"http:\/\/ktsl888.com\/news\/bitcoin-price-could-skyrocket-25k\/"},"thumbnailUrl":"https:\/\/ktsl888.com\/wp-content\/uploads\/2021\/04\/shutterstock_756345946.jpg?resize=200%2C200","image":{"@type":"ImageObject","url":"https:\/\/ktsl888.com\/wp-content\/uploads\/2021\/04\/shutterstock_756345946.jpg?fit=1000%2C562"},"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":"2023-02-21T03:04:26Z","datePublished":"2023-02-21T03:04:26Z","dateModified":"2024-06-11T14:32:41Z"},"rendered":"<script type=\"application\/ld+json\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@type\":\"NewsArticle\",\"headline\":\"Bitcoin Price Could Skyrocket To $28K If It Clears This Resistance\",\"url\":\"http:\\\/\\\/ktsl888.com\\\/news\\\/bitcoin-price-could-skyrocket-25k\\\/\",\"mainEntityOfPage\":{\"@type\":\"WebPage\",\"@id\":\"http:\\\/\\\/ktsl888.com\\\/news\\\/bitcoin-price-could-skyrocket-25k\\\/\"},\"thumbnailUrl\":\"https:\\\/\\\/ktsl888.com\\\/wp-content\\\/uploads\\\/2021\\\/04\\\/shutterstock_756345946.jpg?resize=200%2C200\",\"image\":{\"@type\":\"ImageObject\",\"url\":\"https:\\\/\\\/ktsl888.com\\\/wp-content\\\/uploads\\\/2021\\\/04\\\/shutterstock_756345946.jpg?fit=1000%2C562\"},\"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\":\"2023-02-21T03:04:26Z\",\"datePublished\":\"2023-02-21T03:04:26Z\",\"dateModified\":\"2024-06-11T14:32:41Z\"}<\/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\/04\/shutterstock_756345946.jpg?fit=1000%2C562","amp_enabled":true,"_links":{"self":[{"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/posts\/520368"}],"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=520368"}],"version-history":[{"count":0,"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/posts\/520368\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/media\/462414"}],"wp:attachment":[{"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/media?parent=520368"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/categories?post=520368"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/tags?post=520368"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}