{"id":542632,"date":"2023-07-14T03:17:14","date_gmt":"2023-07-14T03:17:14","guid":{"rendered":"https:\/\/ktsl888.com\/?p=542632"},"modified":"2024-06-11T14:38:40","modified_gmt":"2024-06-11T14:38:40","slug":"bitcoin-price-attempts-to-follow-xrp","status":"publish","type":"post","link":"https:\/\/ktsl888.com\/news\/bitcoin-price-attempts-to-follow-xrp\/","title":{"rendered":"Bitcoin Price Attempts To Follow XRP But This Resistance Is The Key"},"content":{"rendered":"<p><em>Bitcoin price started a fresh increase after XRP\u2019s massive rally. BTC is trading above $31,400 and might rally if there is a close above $32,000.<\/em><\/p>\n<ul>\n<li>Bitcoin is moving higher above the $31,000 and $31,400 resistance levels.<\/li>\n<li>The price is trading above $31,000 and the 100 hourly Simple moving average.<\/li>\n<li>There was a break above a key contracting triangle with resistance near $30,700 on the hourly chart of the BTC\/USD pair (data feed from Kraken).<\/li>\n<li>The pair could gain bullish momentum if there is a close above $32,000.<\/li>\n<\/ul>\n<h2>Bitcoin Price Starts Fresh Increase<\/h2>\n<p>Bitcoin price was able to clear the <a href=\"https:\/\/ktsl888.com\/analysis\/btc\/bitcoin-price-losses-30k\/?swcfpc=1\" target=\"_blank\" rel=\"noopener \">$30,500 resistance zone<\/a>. BTC started a fresh increase after a court ruling in favor of Ripple, stating XRP is not a security. There was a break above the $30,650 resistance.<\/p>\n<p>Besides, there was a break above a key contracting triangle with resistance near $30,700 on the hourly chart of the BTC\/USD pair. The pair even climbed above the $31,400 resistance zone. A high is formed near $31,790 and the price is now consolidating gains.<\/p>\n<p>It is trading near the 23.6% Fib retracement level of the recent increase from the $30,217 swing low to the $31,790 high. Bitcoin is now trading above $31,000 and the <a href=\"https:\/\/ktsl888.com\/analysis\/btc\/bitcoin-bulls-keep-pushing-31k\/?swcfpc=1\" target=\"_blank\" rel=\"noopener \">100 hourly Simple moving average<\/a>.<\/p>\n<p><img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" class=\"alignnone size-full wp-image-542633\" src=\"https:\/\/ktsl888.com\/wp-content\/uploads\/2023\/07\/Bitcoin-9.png?resize=1835%2C845\" alt=\"Bitcoin Price\" width=\"1835\" height=\"845\" srcset=\"https:\/\/ktsl888.com\/wp-content\/uploads\/2023\/07\/Bitcoin-9.png?w=1835 1835w, https:\/\/ktsl888.com\/wp-content\/uploads\/2023\/07\/Bitcoin-9.png?w=460 460w, https:\/\/ktsl888.com\/wp-content\/uploads\/2023\/07\/Bitcoin-9.png?w=768 768w, https:\/\/ktsl888.com\/wp-content\/uploads\/2023\/07\/Bitcoin-9.png?w=860 860w, https:\/\/ktsl888.com\/wp-content\/uploads\/2023\/07\/Bitcoin-9.png?w=1536 1536w, https:\/\/ktsl888.com\/wp-content\/uploads\/2023\/07\/Bitcoin-9.png?w=750 750w, https:\/\/ktsl888.com\/wp-content\/uploads\/2023\/07\/Bitcoin-9.png?w=1140 1140w\" sizes=\"(max-width: 1000px) 100vw, 1000px\"><\/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>Immediate resistance is near the $31,600 level. The first major resistance is near $31,800, above which the price could gain bullish momentum. In the stated case, BTC might rise toward the $32,000 resistance. The next major resistance is near the $32,500 level. Any more gains could open the doors for a move toward the $33,200 resistance zone.<\/p>\n<h2>Are Dips Supported in BTC?<\/h2>\n<p>If Bitcoin fails to clear the $31,800 resistance, it could start a downside correction. Immediate support on the downside is near the $31,200 level.<\/p>\n<p>The next major support is near the $31,000 level or the 50% Fib retracement level of the recent increase from the $30,217 swing low to the $31,790 high, below which there could be a drop toward the $30,800 support zone. Any more losses might send the price toward the $30,550 level in the near term.<\/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 above the 50 level.<\/p>\n<p>Major Support Levels \u2013 $31,200, followed by $31,000.<\/p>\n<p>Major Resistance Levels \u2013 $31,650, $31,800, and $32,000.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Bitcoin price started a fresh increase after XRP\u2019s massive rally. BTC is trading above $31,400 and might rally if there is a close above $32,000. Bitcoin is moving higher above the $31,000 and $31,400 resistance levels. The price is trading above $31,000 and the 100 hourly Simple moving average. There was a break above a key contracting triangle with resistance near $30,700 on the hourly chart of the BTC\/USD pair (data feed from Kraken). The pair could gain bullish momentum if there is a close above $32,000. Bitcoin Price Starts Fresh Increase Bitcoin price was able to clear the $30,500 resistance zone. BTC started a fresh increase after a court ruling in favor of Ripple, stating XRP is not a security. There was a break above the $30,650 resistance. Besides, there was a break above a key contracting triangle with resistance near $30,700 on the hourly chart of the BTC\/USD pair. The pair even climbed above the $31,400 resistance zone. A high is formed near $31,790 and the price is now consolidating gains. It is trading near the 23.6% Fib retracement level of the recent increase from the $30,217 swing low to the $31,790 high. Bitcoin is now trading above $31,000 and the 100 hourly Simple moving average. Source: BTCUSD on TradingView.com Immediate resistance is near the $31,600 level. The first major resistance is near $31,800, above which the price could gain bullish momentum. In the stated case, BTC might rise toward the $32,000 resistance. The next major resistance is near the $32,500 level. Any more gains could open the doors for a move toward the $33,200 resistance zone. Are Dips Supported in BTC? If Bitcoin fails to clear the $31,800 resistance, it could start a downside correction. Immediate support on the downside is near the $31,200 level. The next major support is near the $31,000 level or the 50% Fib retracement level of the recent increase from the $30,217 swing low to the $31,790 high, below which there could be a drop toward the $30,800 support zone. Any more losses might send the price toward the $30,550 level 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 now above the 50 level. Major Support Levels \u2013 $31,200, followed by $31,000. Major Resistance Levels \u2013 $31,650, $31,800, and $32,000.<\/p>\n","protected":false},"author":67,"featured_media":459898,"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-542632","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 Attempts To Follow XRP But This Resistance Is The Key<\/title>\n<meta name=\"description\" content=\"Bitcoin price started a fresh increase after XRP\u2019s massive rally. 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