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{"id":526338,"date":"2023-04-11T02:22:26","date_gmt":"2023-04-11T02:22:26","guid":{"rendered":"https:\/\/ktsl888.com\/?p=526338"},"modified":"2024-06-11T14:35:00","modified_gmt":"2024-06-11T14:35:00","slug":"bitcoin-price-rallies-30k","status":"publish","type":"post","link":"https:\/\/ktsl888.com\/news\/bitcoin-price-rallies-30k\/","title":{"rendered":"Bitcoin Price Rallies Past 30K, A Strengthening Case for Upside"},"content":{"rendered":"

Bitcoin price rallied above the $28,800 resistance. BTC is up over 6% and it could rise further above the $30,500 resistance zone.<\/em><\/p>\n

\n
Bitcoin climbed higher and was able to clear the $30,000 resistance zone.<\/li>\n
The price is trading above $30,000 and the 100 hourly Simple moving average.<\/li>\n
There was a break above a bullish continuation pattern with resistance near $28,300 on the hourly chart of the BTC\/USD pair (data feed from Kraken).<\/li>\n
The pair could extend its increase if it clears the $30,500 resistance level.<\/li>\n<\/ul>\n
Bitcoin Price Gains Bullish Momentum<\/h2>\n
Bitcoin price formed a fresh support base above the $28,000 level<\/a>. BTC started a strong increase and was able to clear the main $28,800 resistance zone.<\/p>\n
Besides, there was a break above a bullish continuation pattern with resistance near $28,300 on the hourly chart of the BTC\/USD pair. It opened the doors for a sustained upward move above the $29,200 resistance zone. The price rallied over 6% and was able to surpass the $30,000 level.<\/p>\n
A new monthly high is formed near $30,431 and the price is now consolidating gains. Bitcoin price is trading above $30,000 and the 100 hourly Simple moving average<\/a>.<\/p>\n
The price is also positioned nicely above the 23.6% Fib retracement level of the recent surge from the $28,200 swing low to the $30,431 high. Immediate resistance is near the $30,450 level. The next major resistance is near the $30,500 zone.<\/p>\n
$\"Bitcoin$ <\/a><\/p>\n
Source: BTCUSD on TradingView.com<\/a><\/p>\n
A convincing move above the $30,500 resistance might push the price further higher. In the stated case, the price may perhaps rise toward the $31,200 level. The next key resistance is near the $32,000 level.<\/p>\n
Dips Attractive in BTC?<\/h2>\n
If Bitcoin\u2019s price fails to clear the $30,500 resistance, it could start a downside correction. Immediate support on the downside is near the $30,000 level.<\/p>\n
The next major support is near the $29,200 zone and the 50% Fib retracement level of the recent surge from the $28,200 swing low to the $30,431 high. A downside break and close below the $29,200 support might push the price back toward $28,800. Any more losses might call for a drop toward the $28,000 support zone.<\/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 in the overbought zone.<\/p>\n
Major Support Levels \u2013 $30,000, followed by $29,200.<\/p>\n
Major Resistance Levels \u2013 $30,450, $30,500, and $31,200.<\/p>\n","protected":false},"excerpt":{"rendered":"
Bitcoin price rallied above the $28,800 resistance. BTC is up over 6% and it could rise further above the $30,500 resistance zone. Bitcoin climbed higher and was able to clear the $30,000 resistance zone. The price is trading above $30,000 and the 100 hourly Simple moving average. There was a break above a bullish continuation pattern with resistance near $28,300 on the hourly chart of the BTC\/USD pair (data feed from Kraken). The pair could extend its increase if it clears the $30,500 resistance level. Bitcoin Price Gains Bullish Momentum Bitcoin price formed a fresh support base above the $28,000 level. BTC started a strong increase and was able to clear the main $28,800 resistance zone. Besides, there was a break above a bullish continuation pattern with resistance near $28,300 on the hourly chart of the BTC\/USD pair. It opened the doors for a sustained upward move above the $29,200 resistance zone. The price rallied over 6% and was able to surpass the $30,000 level. A new monthly high is formed near $30,431 and the price is now consolidating gains. Bitcoin price is trading above $30,000 and the 100 hourly Simple moving average. The price is also positioned nicely above the 23.6% Fib retracement level of the recent surge from the $28,200 swing low to the $30,431 high. Immediate resistance is near the $30,450 level. The next major resistance is near the $30,500 zone. Source: BTCUSD on TradingView.com A convincing move above the $30,500 resistance might push the price further higher. In the stated case, the price may perhaps rise toward the $31,200 level. The next key resistance is near the $32,000 level. Dips Attractive in BTC? If Bitcoin\u2019s price fails to clear the $30,500 resistance, it could start a downside correction. Immediate support on the downside is near the $30,000 level. The next major support is near the $29,200 zone and the 50% Fib retracement level of the recent surge from the $28,200 swing low to the $30,431 high. A downside break and close below the $29,200 support might push the price back toward $28,800. Any more losses might call for a drop toward the $28,000 support zone. 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 in the overbought zone. Major Support Levels \u2013 $30,000, followed by $29,200. Major Resistance Levels \u2013 $30,450, $30,500, and $31,200.<\/p>\n","protected":false},"author":67,"featured_media":458433,"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-526338","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 Rallies Past 30K, A Strengthening Case for Upside<\/title>\n<meta name=\"description\" content=\"Bitcoin price rallied above the $28,800 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 Rallies Past 30K, A Strengthening Case for Upside","url":"http:\/\/ktsl888.com\/news\/bitcoin-price-rallies-30k\/","mainEntityOfPage":{"@type":"WebPage","@id":"http:\/\/ktsl888.com\/news\/bitcoin-price-rallies-30k\/"},"thumbnailUrl":"https:\/\/ktsl888.com\/wp-content\/uploads\/2021\/03\/shutterstock_1509655121.jpg?resize=200%2C200","image":{"@type":"ImageObject","url":"https:\/\/ktsl888.com\/wp-content\/uploads\/2021\/03\/shutterstock_1509655121.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":["bitcoin","bitcoin price","btcusd","btcusdt","xbtusd"],"dateCreated":"2023-04-11T02:22:26Z","datePublished":"2023-04-11T02:22:26Z","dateModified":"2024-06-11T14:35:00Z"},"rendered":"<script type=\"application\/ld+json\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@type\":\"NewsArticle\",\"headline\":\"Bitcoin Price Rallies Past 30K, A Strengthening Case for Upside\",\"url\":\"http:\\\/\\\/ktsl888.com\\\/news\\\/bitcoin-price-rallies-30k\\\/\",\"mainEntityOfPage\":{\"@type\":\"WebPage\",\"@id\":\"http:\\\/\\\/ktsl888.com\\\/news\\\/bitcoin-price-rallies-30k\\\/\"},\"thumbnailUrl\":\"https:\\\/\\\/ktsl888.com\\\/wp-content\\\/uploads\\\/2021\\\/03\\\/shutterstock_1509655121.jpg?resize=200%2C200\",\"image\":{\"@type\":\"ImageObject\",\"url\":\"https:\\\/\\\/ktsl888.com\\\/wp-content\\\/uploads\\\/2021\\\/03\\\/shutterstock_1509655121.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\":[\"bitcoin\",\"bitcoin price\",\"btcusd\",\"btcusdt\",\"xbtusd\"],\"dateCreated\":\"2023-04-11T02:22:26Z\",\"datePublished\":\"2023-04-11T02:22:26Z\",\"dateModified\":\"2024-06-11T14:35:00Z\"}<\/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_1509655121.jpg?fit=1000%2C667","amp_enabled":true,"_links":{"self":[{"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/posts\/526338","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=526338"}],"version-history":[{"count":0,"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/posts\/526338\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/media\/458433"}],"wp:attachment":[{"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/media?parent=526338"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/categories?post=526338"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/tags?post=526338"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}