{"id":529294,"date":"2023-05-01T02:32:19","date_gmt":"2023-05-01T02:32:19","guid":{"rendered":"https:\/\/ktsl888.com\/?p=529294"},"modified":"2024-06-11T08:11:55","modified_gmt":"2024-06-11T08:11:55","slug":"bitcoin-price-rejects-30k","status":"publish","type":"post","link":"https:\/\/ktsl888.com\/news\/bitcoin-price-rejects-30k\/","title":{"rendered":"Bitcoin Price Rejects $30K But This Variable Can Trigger A Fresh Increase"},"content":{"rendered":"<p><em>Bitcoin price attempted an upside break above the $30,000 resistance. BTC failed and corrected lower toward the $28,400 support zone.<\/em><\/p>\n<ul>\n<li>Bitcoin is struggling to gain pace above the $29,400 and $29,500 resistance levels.<\/li>\n<li>The price is trading below $29,200 and the 100 hourly Simple moving average.<\/li>\n<li>There is a key bearish trend line forming with resistance near $28,950 on the hourly chart of the BTC\/USD pair (data feed from Kraken).<\/li>\n<li>The pair could start a fresh increase if it stays above the $27,850 support zone.<\/li>\n<\/ul>\n<h2>Bitcoin Price Remains Supported<\/h2>\n<p>Bitcoin price gained pace for a move above the <a href=\"https:\/\/ktsl888.com\/analysis\/btc\/bitcoin-bulls-keep-pushing-30k\/?swcfpc=1\" target=\"_blank\" rel=\"noopener \">$29,200 resistance zone<\/a>. However, BTC struggled to remain in a positive zone above the $29,400 and $29,500 resistance levels.<\/p>\n<p>The bulls struggled near the $30,000 resistance zone. A high was formed near $29,975 and the price started a fresh decline. There was a move below the $29,500 and $29,200 support levels. A low is formed near $28,360 and the price is now consolidating losses.<\/p>\n<p>Bitcoin price is trading below $29,200 and the <a href=\"https:\/\/ktsl888.com\/analysis\/btc\/bitcoin-price-volatility-30k\/?swcfpc=1\" target=\"_blank\" rel=\"noopener \">100 hourly Simple moving average<\/a>. There is also a key bearish trend line forming with resistance near $28,950 on the hourly chart of the BTC\/USD pair.<\/p>\n<p>Immediate resistance is near the $28,750 level. It is close to the 23.6% Fib retracement level of the recent decline from the $29,975 swing high to the $28,360 low. The next major resistance sits near the $29,000 zone and the trend line.<\/p>\n<p><a href=\"https:\/\/ktsl888.com\/wp-content\/uploads\/2023\/05\/Bitcoin.png\"><img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" class=\"alignnone size-full wp-image-529295\" src=\"https:\/\/ktsl888.com\/wp-content\/uploads\/2023\/05\/Bitcoin.png?resize=1834%2C845\" alt=\"Bitcoin Price\" width=\"1834\" height=\"845\" srcset=\"https:\/\/ktsl888.com\/wp-content\/uploads\/2023\/05\/Bitcoin.png?w=1834 1834w, https:\/\/ktsl888.com\/wp-content\/uploads\/2023\/05\/Bitcoin.png?w=460 460w, https:\/\/ktsl888.com\/wp-content\/uploads\/2023\/05\/Bitcoin.png?w=768 768w, https:\/\/ktsl888.com\/wp-content\/uploads\/2023\/05\/Bitcoin.png?w=860 860w, https:\/\/ktsl888.com\/wp-content\/uploads\/2023\/05\/Bitcoin.png?w=1536 1536w, https:\/\/ktsl888.com\/wp-content\/uploads\/2023\/05\/Bitcoin.png?w=750 750w, https:\/\/ktsl888.com\/wp-content\/uploads\/2023\/05\/Bitcoin.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>The first major resistance is near $29,200 and the 100 hourly Simple moving average. It is close to the 50% Fib retracement level of the recent decline from the $29,975 swing high to the $28,360 low. A close above the $29,200 resistance could send Bitcoin toward $29,500. Any more gains could open the doors for a test of the key barrier at $30,000.<\/p>\n<h2>More Losses in BTC?<\/h2>\n<p>If Bitcoin\u2019s price fails to clear the $29,200 resistance, it could continue to move down. Immediate support on the downside is near the $28,400 level.<\/p>\n<p>The next major support is near the $27,850 zone, below which the price might dive toward the $27,200 support zone. Any more losses might take Bitcoin toward $26,500 in the near term.<\/p>\n<p>Technical indicators:<\/p>\n<p>Hourly MACD \u2013 The MACD is now gaining pace in the bearish zone.<\/p>\n<p>Hourly RSI (Relative Strength Index) \u2013 The RSI for BTC\/USD is now below the 40 level.<\/p>\n<p>Major Support Levels \u2013 $28,400, followed by $27,850.<\/p>\n<p>Major Resistance Levels \u2013 $29,000, $29,200, and $30,000.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Bitcoin price attempted an upside break above the $30,000 resistance. BTC failed and corrected lower toward the $28,400 support zone. Bitcoin is struggling to gain pace above the $29,400 and $29,500 resistance levels. The price is trading below $29,200 and the 100 hourly Simple moving average. There is a key bearish trend line forming with resistance near $28,950 on the hourly chart of the BTC\/USD pair (data feed from Kraken). The pair could start a fresh increase if it stays above the $27,850 support zone. Bitcoin Price Remains Supported Bitcoin price gained pace for a move above the $29,200 resistance zone. However, BTC struggled to remain in a positive zone above the $29,400 and $29,500 resistance levels. The bulls struggled near the $30,000 resistance zone. A high was formed near $29,975 and the price started a fresh decline. There was a move below the $29,500 and $29,200 support levels. A low is formed near $28,360 and the price is now consolidating losses. Bitcoin price is trading below $29,200 and the 100 hourly Simple moving average. There is also a key bearish trend line forming with resistance near $28,950 on the hourly chart of the BTC\/USD pair. Immediate resistance is near the $28,750 level. It is close to the 23.6% Fib retracement level of the recent decline from the $29,975 swing high to the $28,360 low. The next major resistance sits near the $29,000 zone and the trend line. Source: BTCUSD on TradingView.com The first major resistance is near $29,200 and the 100 hourly Simple moving average. It is close to the 50% Fib retracement level of the recent decline from the $29,975 swing high to the $28,360 low. A close above the $29,200 resistance could send Bitcoin toward $29,500. Any more gains could open the doors for a test of the key barrier at $30,000. More Losses in BTC? If Bitcoin\u2019s price fails to clear the $29,200 resistance, it could continue to move down. Immediate support on the downside is near the $28,400 level. The next major support is near the $27,850 zone, below which the price might dive toward the $27,200 support zone. Any more losses might take Bitcoin toward $26,500 in the near term. Technical indicators: Hourly MACD \u2013 The MACD is now gaining pace in the bearish zone. Hourly RSI (Relative Strength Index) \u2013 The RSI for BTC\/USD is now below the 40 level. Major Support Levels \u2013 $28,400, followed by $27,850. Major Resistance Levels \u2013 $29,000, $29,200, and $30,000.<\/p>\n","protected":false},"author":67,"featured_media":459773,"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-529294","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 Rejects $30K But This Variable Can Trigger A Fresh Increase<\/title>\n<meta name=\"description\" content=\"Bitcoin price attempted an upside break above the $30,000 resistance. 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Renowned for his unparalleled proficiency in providing technical analysis, Aayush is a trusted advisor and senior market expert to investors worldwide, guiding them through the intricate landscapes of modern finance with his keen insights and astute chart analysis. From a young age, Aayush exhibited a natural aptitude for deciphering complex systems and unraveling patterns. Fueled by an insatiable curiosity for understanding market dynamics, he embarked on a journey that would lead him to become one of the foremost authorities in the fields of Forex and crypto trading. With a meticulous eye for detail and an unwavering commitment to excellence, Aayush honed his craft over the years, mastering the art of technical analysis and chart interpretation. As a software engineer, Aayush harnesses the power of technology to optimize trading strategies and develop innovative solutions for navigating the volatile waters of financial markets. 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 Rejects $30K But This Variable Can Trigger A Fresh Increase","url":"http:\/\/ktsl888.com\/news\/bitcoin-price-rejects-30k\/","mainEntityOfPage":{"@type":"WebPage","@id":"http:\/\/ktsl888.com\/news\/bitcoin-price-rejects-30k\/"},"thumbnailUrl":"https:\/\/ktsl888.com\/wp-content\/uploads\/2021\/03\/shutterstock_1363186970.jpg?resize=200%2C200","image":{"@type":"ImageObject","url":"https:\/\/ktsl888.com\/wp-content\/uploads\/2021\/03\/shutterstock_1363186970.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":"2023-05-01T02:32:19Z","datePublished":"2023-05-01T02:32:19Z","dateModified":"2024-06-11T08:11:55Z"},"rendered":"<script type=\"application\/ld+json\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@type\":\"NewsArticle\",\"headline\":\"Bitcoin Price Rejects $30K But This Variable Can Trigger A Fresh Increase\",\"url\":\"http:\\\/\\\/ktsl888.com\\\/news\\\/bitcoin-price-rejects-30k\\\/\",\"mainEntityOfPage\":{\"@type\":\"WebPage\",\"@id\":\"http:\\\/\\\/ktsl888.com\\\/news\\\/bitcoin-price-rejects-30k\\\/\"},\"thumbnailUrl\":\"https:\\\/\\\/ktsl888.com\\\/wp-content\\\/uploads\\\/2021\\\/03\\\/shutterstock_1363186970.jpg?resize=200%2C200\",\"image\":{\"@type\":\"ImageObject\",\"url\":\"https:\\\/\\\/ktsl888.com\\\/wp-content\\\/uploads\\\/2021\\\/03\\\/shutterstock_1363186970.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\":\"2023-05-01T02:32:19Z\",\"datePublished\":\"2023-05-01T02:32:19Z\",\"dateModified\":\"2024-06-11T08:11:55Z\"}<\/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_1363186970.jpg?fit=1000%2C667","amp_enabled":true,"_links":{"self":[{"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/posts\/529294"}],"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=529294"}],"version-history":[{"count":0,"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/posts\/529294\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/media\/459773"}],"wp:attachment":[{"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/media?parent=529294"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/categories?post=529294"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/tags?post=529294"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}