{"id":565472,"date":"2023-12-15T02:57:24","date_gmt":"2023-12-15T02:57:24","guid":{"rendered":"https:\/\/ktsl888.com\/?p=565472"},"modified":"2024-06-11T08:19:26","modified_gmt":"2024-06-11T08:19:26","slug":"bitcoin-price-uptrend-43500","status":"publish","type":"post","link":"https:\/\/ktsl888.com\/news\/bitcoin-price-uptrend-43500\/","title":{"rendered":"Bitcoin Price Uptrend To Continue? These Could Be The Factors To Watch"},"content":{"rendered":"<p><em>Bitcoin price is attempting a fresh increase above the $42,200 level. BTC could surge once it clears the $43,350 resistance zone in the near term.<\/em><\/p>\n<ul>\n<li>Bitcoin started a fresh increase above the $42,000 support zone.<\/li>\n<li>The price is trading above $42,200 and the 100 hourly Simple moving average.<\/li>\n<li>There is a key bullish trend line forming with support near $42,400 on the hourly chart of the BTC\/USD pair (data feed from Kraken).<\/li>\n<li>The pair could continue to move up if there is a clear move above the $43,350 resistance.<\/li>\n<\/ul>\n<h2>Bitcoin Price Aims Higher<\/h2>\n<p>Bitcoin price started a <a href=\"https:\/\/ktsl888.com\/analysis\/btc\/bitcoin-price-rips-higher-43k\/\" target=\"_blank\" rel=\"noopener \">decent increase<\/a> above the $41,500 level. BTC was able to clear the $42,000 resistance zone to enter a positive zone. The bulls were able to push the price above the $43,000 zone.<\/p>\n<p>However, the price seems to be struggling near the $43,350 zone. A high was formed near $43,421 and the price is now consolidating gains. There was a sharp downside correction below the $42,500 level. The price even spiked below the 50% Fib retracement level of the upward move from the $40,606 swing low to the $43,421 high.<\/p>\n<p>However, the bulls were active near the $41,500 zone. They protected the 61.8% Fib retracement level of the upward move from the $40,606 swing low to the $43,421 high.<\/p>\n<p>Bitcoin is now trading above $42,200 and the <a href=\"https:\/\/ktsl888.com\/analysis\/btc\/bitcoin-price-dips-again-38k\/\" target=\"_blank\" rel=\"noopener \">100 hourly Simple moving average<\/a>. Besides, there is a key bullish trend line forming with support near $42,400 on the hourly chart of the BTC\/USD pair. On the upside, immediate resistance is near the $43,300 level.<\/p>\n<p><a href=\"https:\/\/ktsl888.com\/wp-content\/uploads\/2023\/12\/Bitcoin-12.png\"><img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" class=\"alignnone size-full wp-image-565473\" src=\"https:\/\/ktsl888.com\/wp-content\/uploads\/2023\/12\/Bitcoin-12.png?resize=1024%2C461\" alt=\"Bitcoin Price\" width=\"1024\" height=\"461\" srcset=\"https:\/\/ktsl888.com\/wp-content\/uploads\/2023\/12\/Bitcoin-12.png?w=1835 1835w, https:\/\/ktsl888.com\/wp-content\/uploads\/2023\/12\/Bitcoin-12.png?w=460 460w, https:\/\/ktsl888.com\/wp-content\/uploads\/2023\/12\/Bitcoin-12.png?w=768 768w, https:\/\/ktsl888.com\/wp-content\/uploads\/2023\/12\/Bitcoin-12.png?w=860 860w, https:\/\/ktsl888.com\/wp-content\/uploads\/2023\/12\/Bitcoin-12.png?w=1536 1536w, https:\/\/ktsl888.com\/wp-content\/uploads\/2023\/12\/Bitcoin-12.png?w=750 750w, https:\/\/ktsl888.com\/wp-content\/uploads\/2023\/12\/Bitcoin-12.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 forming near $43,350. A close above the $43,350 resistance might start a steady increase. The next key resistance could be near $44,200, above which BTC could rise toward the $45,000 level. A clear move above the $45,000 level could set the pace for a test of $46,500.<\/p>\n<h2>Another Drop In BTC?<\/h2>\n<p>If Bitcoin fails to rise above the $43,350 resistance zone, it could start another decline. Immediate support on the downside is near the $42,400 level and the trend line.<\/p>\n<p>The next major support is near $42,000 and the 100 hourly Simple moving average, below which the price might test the $41,500 zone. If there is a move below $41,500, there is a risk of more losses. In the stated case, the price could drop toward the $40,600 support 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 $42,400, followed by $42,000.<\/p>\n<p>Major Resistance Levels \u2013 $43,350, $44,200, and $45,000.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Bitcoin price is attempting a fresh increase above the $42,200 level. BTC could surge once it clears the $43,350 resistance zone in the near term. Bitcoin started a fresh increase above the $42,000 support zone. The price is trading above $42,200 and the 100 hourly Simple moving average. There is a key bullish trend line forming with support near $42,400 on the hourly chart of the BTC\/USD pair (data feed from Kraken). The pair could continue to move up if there is a clear move above the $43,350 resistance. Bitcoin Price Aims Higher Bitcoin price started a decent increase above the $41,500 level. BTC was able to clear the $42,000 resistance zone to enter a positive zone. The bulls were able to push the price above the $43,000 zone. However, the price seems to be struggling near the $43,350 zone. A high was formed near $43,421 and the price is now consolidating gains. There was a sharp downside correction below the $42,500 level. The price even spiked below the 50% Fib retracement level of the upward move from the $40,606 swing low to the $43,421 high. However, the bulls were active near the $41,500 zone. They protected the 61.8% Fib retracement level of the upward move from the $40,606 swing low to the $43,421 high. Bitcoin is now trading above $42,200 and the 100 hourly Simple moving average. Besides, there is a key bullish trend line forming with support near $42,400 on the hourly chart of the BTC\/USD pair. On the upside, immediate resistance is near the $43,300 level. Source: BTCUSD on TradingView.com The first major resistance is forming near $43,350. A close above the $43,350 resistance might start a steady increase. The next key resistance could be near $44,200, above which BTC could rise toward the $45,000 level. A clear move above the $45,000 level could set the pace for a test of $46,500. Another Drop In BTC? If Bitcoin fails to rise above the $43,350 resistance zone, it could start another decline. Immediate support on the downside is near the $42,400 level and the trend line. The next major support is near $42,000 and the 100 hourly Simple moving average, below which the price might test the $41,500 zone. If there is a move below $41,500, there is a risk of more losses. In the stated case, the price could drop toward the $40,600 support 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 $42,400, followed by $42,000. Major Resistance Levels \u2013 $43,350, $44,200, and $45,000.<\/p>\n","protected":false},"author":67,"featured_media":464416,"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-565472","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 Uptrend To Continue? These Could Be The Factors To Watch<\/title>\n<meta name=\"description\" content=\"Bitcoin price is attempting a fresh increase above the $42,200 level. 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