{"id":522760,"date":"2023-03-13T03:30:57","date_gmt":"2023-03-13T03:30:57","guid":{"rendered":"https:\/\/ktsl888.com\/?p=522760"},"modified":"2024-06-11T14:34:13","modified_gmt":"2024-06-11T14:34:13","slug":"bitcoin-price-rallies-10-22k","status":"publish","type":"post","link":"https:\/\/ktsl888.com\/news\/bitcoin-price-rallies-10-22k\/","title":{"rendered":"Bitcoin Price Rallies 10% But This Resistance Is The Key To Reversal"},"content":{"rendered":"<p><em>Bitcoin price surged over 10% and cleared the $22,000 resistance. BTC must surpass $22,600 and $22,800 to continue higher in the near term.<\/em><\/p>\n<ul>\n<li>Bitcoin started a strong increase above the $21,500 resistance zone.<\/li>\n<li>The price is trading above $22,000 and the 100 hourly simple moving average.<\/li>\n<li>There was a break above a major bearish trend line with resistance near $21,250 on the hourly chart of the BTC\/USD pair (data feed from Kraken).<\/li>\n<li>The pair could face a strong selling interest near $22,600 and $22,800.<\/li>\n<\/ul>\n<h2>Bitcoin Price Surges Above $22K<\/h2>\n<p>Bitcoin price found a strong support near the <a href=\"https:\/\/ktsl888.com\/analysis\/btc\/bitcoin-price-btc-bears-pushing-20k\/?swcfpc=1\" target=\"_blank\" rel=\"noopener \">$19,500 zone<\/a>. BTC formed a base and started a major increase above the $20,000 resistance zone.<\/p>\n<p>There was a clear move above the $20,500 and $21,200 resistance levels. Besides, there was a break above a major bearish trend line with resistance near $21,250 on the hourly chart of the BTC\/USD pair. The pair even broke the <a href=\"https:\/\/ktsl888.com\/analysis\/btc\/bitcoin-price-crashes-20k\/?swcfpc=1\" target=\"_blank\" rel=\"noopener \">$21,500 resistance zone<\/a>.<\/p>\n<p>Bitcoin price is trading above $22,000 and the 100 hourly simple moving average. A high is formed near $22,765 and the price is now correcting lower.<\/p>\n<p>It is trading well above the 23.6% Fib retracement level of the upward move from the $19,549 swing low to $22,765 high. An immediate resistance is near the $22,600 level. The next major resistance is near the $22,800 zone.<\/p>\n<p><a href=\"https:\/\/ktsl888.com\/wp-content\/uploads\/2023\/03\/Bitcoin-8.png\"><img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" class=\"alignnone size-full wp-image-522761\" src=\"https:\/\/ktsl888.com\/wp-content\/uploads\/2023\/03\/Bitcoin-8.png?resize=1834%2C845\" alt=\"Bitcoin Price\" width=\"1834\" height=\"845\" srcset=\"https:\/\/ktsl888.com\/wp-content\/uploads\/2023\/03\/Bitcoin-8.png?w=1834 1834w, https:\/\/ktsl888.com\/wp-content\/uploads\/2023\/03\/Bitcoin-8.png?w=460 460w, https:\/\/ktsl888.com\/wp-content\/uploads\/2023\/03\/Bitcoin-8.png?w=768 768w, https:\/\/ktsl888.com\/wp-content\/uploads\/2023\/03\/Bitcoin-8.png?w=860 860w, https:\/\/ktsl888.com\/wp-content\/uploads\/2023\/03\/Bitcoin-8.png?w=1536 1536w, https:\/\/ktsl888.com\/wp-content\/uploads\/2023\/03\/Bitcoin-8.png?w=750 750w, https:\/\/ktsl888.com\/wp-content\/uploads\/2023\/03\/Bitcoin-8.png?w=1140 1140w\" sizes=\"(max-width: 1000px) 100vw, 1000px\"><\/a><\/p>\n<p>Source: <a href=\"https:\/\/www.tradingview.com\/symbols\/BTCUSD\/\" target=\"_blank\" rel=\"noopener nofollow\">BTCUSD on TradingView.com<\/a><\/p>\n<p>A close above the $22,800 resistance might start a decent increase in the coming days. The next key resistance is near the $23,200 zone, above which the price might gain bullish momentum and test $24,000.<\/p>\n<h2>Dips Supported in BTC?<\/h2>\n<p>If bitcoin price fails to clear the $22,600 resistance, it could correct lower. An immediate support on the downside is near the $22,000 zone.<\/p>\n<p>The next major support is near the $21,750 zone, below which the price might drop to $21,150 or the 50% Fib retracement level of the upward move from the $19,549 swing low to $22,765 high. The next major support is near the $20,800 level and the 100 hourly simple moving average. Any more losses might send the price towards the $20,000 level.<\/p>\n<p>Technical indicators:<\/p>\n<p>Hourly MACD \u2013 The MACD is now losing pace in the bullish zone.<\/p>\n<p>Hourly RSI (Relative Strength Index) \u2013 The RSI for BTC\/USD is now in the overbought zone.<\/p>\n<p>Major Support Levels \u2013 $22,000, followed by $21,750.<\/p>\n<p>Major Resistance Levels \u2013 $22,600, $22,800 and $23,200.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Bitcoin price surged over 10% and cleared the $22,000 resistance. BTC must surpass $22,600 and $22,800 to continue higher in the near term. Bitcoin started a strong increase above the $21,500 resistance zone. The price is trading above $22,000 and the 100 hourly simple moving average. There was a break above a major bearish trend line with resistance near $21,250 on the hourly chart of the BTC\/USD pair (data feed from Kraken). The pair could face a strong selling interest near $22,600 and $22,800. Bitcoin Price Surges Above $22K Bitcoin price found a strong support near the $19,500 zone. BTC formed a base and started a major increase above the $20,000 resistance zone. There was a clear move above the $20,500 and $21,200 resistance levels. Besides, there was a break above a major bearish trend line with resistance near $21,250 on the hourly chart of the BTC\/USD pair. The pair even broke the $21,500 resistance zone. Bitcoin price is trading above $22,000 and the 100 hourly simple moving average. A high is formed near $22,765 and the price is now correcting lower. It is trading well above the 23.6% Fib retracement level of the upward move from the $19,549 swing low to $22,765 high. An immediate resistance is near the $22,600 level. The next major resistance is near the $22,800 zone. Source: BTCUSD on TradingView.com A close above the $22,800 resistance might start a decent increase in the coming days. The next key resistance is near the $23,200 zone, above which the price might gain bullish momentum and test $24,000. Dips Supported in BTC? If bitcoin price fails to clear the $22,600 resistance, it could correct lower. An immediate support on the downside is near the $22,000 zone. The next major support is near the $21,750 zone, below which the price might drop to $21,150 or the 50% Fib retracement level of the upward move from the $19,549 swing low to $22,765 high. The next major support is near the $20,800 level and the 100 hourly simple moving average. Any more losses might send the price towards the $20,000 level. 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 in the overbought zone. Major Support Levels \u2013 $22,000, followed by $21,750. Major Resistance Levels \u2013 $22,600, $22,800 and $23,200.<\/p>\n","protected":false},"author":67,"featured_media":461237,"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-522760","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":"\n<title>Bitcoin Price Rallies 10% But This Resistance Is The Key To Reversal<\/title>\n<meta name=\"description\" content=\"Bitcoin price surged over 10% and cleared the $22,000 resistance. 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