BTCUSD on TradingView.com<\/a><\/p>\nThe next major resistance is near the $32,000 level. A close above the $32,000 resistance might send BTC toward $32,500. Any more gains could send the price toward the $33,200 resistance zone.<\/p>\n
More Losses in BTC?<\/h2>\n If Bitcoin\u2019s price fails to clear the $30,500 resistance, it could continue to move down. Immediate support on the downside is near the $30,000 level or the $29,914 low.<\/p>\n
The next major support is near the $29,550 level, below which there could be a drop toward the $29,200 support. Any more losses might send the price toward $28,500 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 above the 50 level.<\/p>\n
Major Support Levels \u2013 $30,000, followed by $29,550.<\/p>\n
Major Resistance Levels \u2013 $30,500, $30,850, and $31,400.<\/p>\n","protected":false},"excerpt":{"rendered":"
Bitcoin price is attempting a fresh increase from the $30,000 zone. BTC could gain bullish momentum if it clears $30,500 and the 100 hourly SMA. Bitcoin is holding gains above the $30,000 support zone. The price is trading below $30,500 and the 100 hourly Simple moving average. There is a key bearish trend line forming with resistance near $30,500 on the hourly chart of the BTC\/USD pair (data feed from Kraken). The pair could start a fresh increase if it clears $30,500 and the 100 hourly SMA. Bitcoin Price Holds Key Support Bitcoin price started a downside correction below the $30,500 support. BTC even spiked below the $30,000 support zone but the downsides were limited. A low is formed near $29,914 and the price is now slowly moving higher. It traded above the 23.6% Fib retracement level of the recent downside correction from the $31,435 swing high to the $29,914 low. It is now trading above the $30,250 level. Bitcoin price seems to be facing resistance near $30,500 and the 100 hourly Simple moving average. There is also a key bearish trend line forming with resistance near $30,500 on the hourly chart of the BTC\/USD pair, above which the bulls might attempt a fresh increase in the coming sessions. The first major resistance is near the $30,850 level. It is close to the 61.8% Fib retracement level of the recent downside correction from the $31,435 swing high to the $29,914 low, above which the price might revisit the $31,400 resistance zone. Source: BTCUSD on TradingView.com The next major resistance is near the $32,000 level. A close above the $32,000 resistance might send BTC toward $32,500. Any more gains could send the price toward the $33,200 resistance zone. More Losses in BTC? If Bitcoin\u2019s price fails to clear the $30,500 resistance, it could continue to move down. Immediate support on the downside is near the $30,000 level or the $29,914 low. The next major support is near the $29,550 level, below which there could be a drop toward the $29,200 support. Any more losses might send the price toward $28,500 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 above the 50 level. Major Support Levels \u2013 $30,000, followed by $29,550. Major Resistance Levels \u2013 $30,500, $30,850, and $31,400.<\/p>\n","protected":false},"author":67,"featured_media":460952,"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-539835","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
Bitcoin Price Aims Higher But 100 SMA Is The Key<\/title>\n \n \n \n \n \n \n \n \n \n \n \n \n \n\t \n\t \n\t \n \n \n \n \n \n\t \n\t \n\t \n