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{"id":540990,"date":"2023-07-04T03:20:21","date_gmt":"2023-07-04T03:20:21","guid":{"rendered":"https:\/\/ktsl888.com\/?p=540990"},"modified":"2024-06-11T14:38:17","modified_gmt":"2024-06-11T14:38:17","slug":"bitcoin-price-key-trend-32k","status":"publish","type":"post","link":"https:\/\/ktsl888.com\/news\/bitcoin-price-key-trend-32k\/","title":{"rendered":"Bitcoin Price Is Forming Key Trend And Swift Rally Could Occur"},"content":{"rendered":"

Bitcoin price is moving higher above the $31,000 resistance. BTC could soon rally if there is a close above the $31,400 resistance zone.<\/em><\/p>\n

\n
Bitcoin is showing positive signs and trading above the $30,800 resistance zone.<\/li>\n
The price is trading above $30,850 and the 100 hourly Simple moving average.<\/li>\n
There is a major bullish trend line forming with support near $30,920 on the hourly chart of the BTC\/USD pair (data feed from Kraken).<\/li>\n
The pair could accelerate higher if it clears the $31,400 resistance zone.<\/li>\n<\/ul>\n
Bitcoin Price Grinds Higher<\/h2>\n
Bitcoin price remained stable and settled above the $30,500 support. BTC started a steady increase<\/a> and was able to climb above the $30,820 resistance zone.<\/p>\n
The price even broke the $31,000 zone and retested the $31,400 resistance zone. A high is formed near $31,373 and the price is now consolidating gains. It is trading above the 23.6% Fib retracement level of the recent increase from the $30,192 swing low to the $31,373 high.<\/p>\n
Bitcoin is now trading above $30,850 and the 100 hourly Simple moving average<\/a>. There is also a major bullish trend line forming with support near $30,920 on the hourly chart of the BTC\/USD pair.<\/p>\n
$\"Bitcoin$ <\/p>\n
Source: BTCUSD on TradingView.com<\/a><\/p>\n
Immediate resistance is near the $31,350 level. The first major resistance is near the $31,400 level, above which the price might start another strong increase. The next major resistance is near the $32,000 level. An upside break above the $32,000 resistance might send BTC toward $32,500. Any more gains could open the doors for a move toward the $33,200 resistance zone.<\/p>\n
Are Dips Limited in BTC?<\/h2>\n
If Bitcoin\u2019s price fails to clear the $31,400 resistance, it could start a downside correction. Immediate support on the downside is near the $31,000 level.<\/p>\n
The next major support is near the $30,920 level and the trend line, below which there could be a drop toward the 50% Fib retracement level of the recent increase from the $30,192 swing low to the $31,373 high. Any more losses might send the price toward the $30,550 zone or the 100 hourly SMA in the near term.<\/p>\n
Technical indicators:<\/p>\n
Hourly MACD \u2013 The MACD is now losing 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 $31,000, followed by $30,920.<\/p>\n
Major Resistance Levels \u2013 $31,350, $31,400, and $32,000.<\/p>\n","protected":false},"excerpt":{"rendered":"
Bitcoin price is moving higher above the $31,000 resistance. BTC could soon rally if there is a close above the $31,400 resistance zone. Bitcoin is showing positive signs and trading above the $30,800 resistance zone. The price is trading above $30,850 and the 100 hourly Simple moving average. There is a major bullish trend line forming with support near $30,920 on the hourly chart of the BTC\/USD pair (data feed from Kraken). The pair could accelerate higher if it clears the $31,400 resistance zone. Bitcoin Price Grinds Higher Bitcoin price remained stable and settled above the $30,500 support. BTC started a steady increase and was able to climb above the $30,820 resistance zone. The price even broke the $31,000 zone and retested the $31,400 resistance zone. A high is formed near $31,373 and the price is now consolidating gains. It is trading above the 23.6% Fib retracement level of the recent increase from the $30,192 swing low to the $31,373 high. Bitcoin is now trading above $30,850 and the 100 hourly Simple moving average. There is also a major bullish trend line forming with support near $30,920 on the hourly chart of the BTC\/USD pair. Source: BTCUSD on TradingView.com Immediate resistance is near the $31,350 level. The first major resistance is near the $31,400 level, above which the price might start another strong increase. The next major resistance is near the $32,000 level. An upside break above the $32,000 resistance might send BTC toward $32,500. Any more gains could open the doors for a move toward the $33,200 resistance zone. Are Dips Limited in BTC? If Bitcoin\u2019s price fails to clear the $31,400 resistance, it could start a downside correction. Immediate support on the downside is near the $31,000 level. The next major support is near the $30,920 level and the trend line, below which there could be a drop toward the 50% Fib retracement level of the recent increase from the $30,192 swing low to the $31,373 high. Any more losses might send the price toward the $30,550 zone or the 100 hourly SMA in the near term. 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 above the 50 level. Major Support Levels \u2013 $31,000, followed by $30,920. Major Resistance Levels \u2013 $31,350, $31,400, and $32,000.<\/p>\n","protected":false},"author":67,"featured_media":461132,"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-540990","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 Is Forming Key Trend And Swift Rally Could Occur<\/title>\n<meta name=\"description\" content=\"Bitcoin price is moving higher above the $31,000 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. 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