{"id":556680,"date":"2023-10-24T03:43:48","date_gmt":"2023-10-24T03:43:48","guid":{"rendered":"https:\/\/ktsl888.com\/?p=556680"},"modified":"2024-06-11T14:30:21","modified_gmt":"2024-06-11T14:30:21","slug":"bitcoin-price-rally-to-35000","status":"publish","type":"post","link":"https:\/\/ktsl888.com\/news\/bitcoin-price-rally-to-35000\/","title":{"rendered":"Bitcoin Price Rally To $35,000 Could Be The Start The Bulls Needed"},"content":{"rendered":"<p><em>Bitcoin price is up over 15% and trading near the $35,000 resistance. BTC could correct in the short term before it starts another increase.<\/em><\/p>\n<ul>\n<li>Bitcoin started a strong increase after there was speculation of spot ETF being listed DTCC.<\/li>\n<li>The price is trading above $34,000 and the 100 hourly Simple moving average.<\/li>\n<li>There is a connecting bullish trend line forming with support near $32,500 on the hourly chart of the BTC\/USD pair (data feed from Kraken).<\/li>\n<li>The pair could correct in the short term before it resumes its increase.<\/li>\n<\/ul>\n<h2>Bitcoin Price Jumps Over 15%<\/h2>\n<p>Bitcoin price started a strong increase after there was speculation of spot ETF being listed DTCC. BTC gained bullish momentum after it broke the <a href=\"https:\/\/ktsl888.com\/analysis\/btc\/bitcoin-price-hold-strong-at-30k\/\" target=\"_blank\" rel=\"noopener \">$32,000 resistance zone<\/a>.<\/p>\n<p>There was a decent increase toward the $35,000 resistance zone. A new multi-week high is formed near $35,225 and the price is now consolidating gains. It is trading well above the 23.6% Fib retracement level of the upward move from the $30,400 swing low to the $35,225 high.<\/p>\n<p>Bitcoin is now trading above $34,000 and the <a href=\"https:\/\/ktsl888.com\/analysis\/btc\/bitcoin-price-hesitates-30k\/\" target=\"_blank\" rel=\"noopener \">100 hourly Simple moving average<\/a>. There is also a connecting bullish trend line forming with support near $32,500 on the hourly chart of the BTC\/USD pair. The trend line is near the 61.8% Fib retracement level of the upward move from the $30,400 swing low to the $35,225 high.<\/p>\n<p><a href=\"https:\/\/ktsl888.com\/wp-content\/uploads\/2023\/10\/Bitcoin-16.png\"><img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" class=\"alignnone size-full wp-image-556681\" src=\"https:\/\/ktsl888.com\/wp-content\/uploads\/2023\/10\/Bitcoin-16.png?resize=1024%2C468\" alt=\"Bitcoin Price\" width=\"1024\" height=\"468\" srcset=\"https:\/\/ktsl888.com\/wp-content\/uploads\/2023\/10\/Bitcoin-16.png?w=1835 1835w, https:\/\/ktsl888.com\/wp-content\/uploads\/2023\/10\/Bitcoin-16.png?w=460 460w, https:\/\/ktsl888.com\/wp-content\/uploads\/2023\/10\/Bitcoin-16.png?w=768 768w, https:\/\/ktsl888.com\/wp-content\/uploads\/2023\/10\/Bitcoin-16.png?w=860 860w, https:\/\/ktsl888.com\/wp-content\/uploads\/2023\/10\/Bitcoin-16.png?w=1536 1536w, https:\/\/ktsl888.com\/wp-content\/uploads\/2023\/10\/Bitcoin-16.png?w=750 750w, https:\/\/ktsl888.com\/wp-content\/uploads\/2023\/10\/Bitcoin-16.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>On the upside, immediate resistance is near the $34,800 level. The next key resistance could be near $35,250. A clear move above the recent high might send the price toward the $36,200 resistance. The next key resistance could be $37,000. Any more gains might send BTC toward the $38,000 level in the coming days.<\/p>\n<h2>Downsides Supported In BTC?<\/h2>\n<p>If Bitcoin fails to rise above the $34,800 resistance zone, it could start a downside correction. Immediate support on the downside is near the $34,120 level.<\/p>\n<p>The next major support is near the $32,800 level and the trend line. If there is a move below the trend line support, the price may perhaps decline toward the $31,500 level in the coming sessions.<\/p>\n<p>Technical indicators:<\/p>\n<p>Hourly MACD \u2013 The MACD is now gaining 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 $34,120, followed by $32,800.<\/p>\n<p>Major Resistance Levels \u2013 $34,800, $35,000, and $35,250.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Bitcoin price is up over 15% and trading near the $35,000 resistance. BTC could correct in the short term before it starts another increase. Bitcoin started a strong increase after there was speculation of spot ETF being listed DTCC. The price is trading above $34,000 and the 100 hourly Simple moving average. There is a connecting bullish trend line forming with support near $32,500 on the hourly chart of the BTC\/USD pair (data feed from Kraken). The pair could correct in the short term before it resumes its increase. Bitcoin Price Jumps Over 15% Bitcoin price started a strong increase after there was speculation of spot ETF being listed DTCC. BTC gained bullish momentum after it broke the $32,000 resistance zone. There was a decent increase toward the $35,000 resistance zone. A new multi-week high is formed near $35,225 and the price is now consolidating gains. It is trading well above the 23.6% Fib retracement level of the upward move from the $30,400 swing low to the $35,225 high. Bitcoin is now trading above $34,000 and the 100 hourly Simple moving average. There is also a connecting bullish trend line forming with support near $32,500 on the hourly chart of the BTC\/USD pair. The trend line is near the 61.8% Fib retracement level of the upward move from the $30,400 swing low to the $35,225 high. Source: BTCUSD on TradingView.com On the upside, immediate resistance is near the $34,800 level. The next key resistance could be near $35,250. A clear move above the recent high might send the price toward the $36,200 resistance. The next key resistance could be $37,000. Any more gains might send BTC toward the $38,000 level in the coming days. Downsides Supported In BTC? If Bitcoin fails to rise above the $34,800 resistance zone, it could start a downside correction. Immediate support on the downside is near the $34,120 level. The next major support is near the $32,800 level and the trend line. If there is a move below the trend line support, the price may perhaps decline toward the $31,500 level in the coming sessions. 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 above the 50 level. Major Support Levels \u2013 $34,120, followed by $32,800. Major Resistance Levels \u2013 $34,800, $35,000, and $35,250.<\/p>\n","protected":false},"author":67,"featured_media":460128,"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-556680","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 Rally To $35,000 Could Be The Start The Bulls Needed<\/title>\n<meta name=\"description\" content=\"Bitcoin price is up over 15% and trading near the $35,000 resistance. 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