{"id":574964,"date":"2024-02-14T03:00:18","date_gmt":"2024-02-14T03:00:18","guid":{"rendered":"https:\/\/ktsl888.com\/?p=574964"},"modified":"2024-06-11T08:36:55","modified_gmt":"2024-06-11T08:36:55","slug":"bitcoin-price-holds-support-48250","status":"publish","type":"post","link":"https:\/\/ktsl888.com\/news\/bitcoin-price-holds-support-48250\/","title":{"rendered":"Bitcoin Price Holds Support, BTC Uptrend To Continue Soon?"},"content":{"rendered":"<p><em>Bitcoin price started a downside correction from the $50,400 zone. BTC tested $48,250 and is currently attempting a fresh increase above $50,000.<\/em><\/p>\n<ul>\n<li>Bitcoin price is holding gains above the $48,250 and $48,500 support levels.<\/li>\n<li>The price is trading above $48,850 and the 100 hourly Simple moving average.<\/li>\n<li>There is a key bullish trend line forming with support at $48,750 on the hourly chart of the BTC\/USD pair (data feed from Kraken).<\/li>\n<li>The pair could continue to move up if it clears the $50,000 resistance zone.<\/li>\n<\/ul>\n<h2>Bitcoin Price Remains Supported<\/h2>\n<p>Bitcoin price gained pace above the $48,800 resistance zone. BTC even spiked above the <a href=\"https:\/\/ktsl888.com\/analysis\/btc\/bitcoin-price-revisits-50k\/\" target=\"_blank\" rel=\"noopener \">$50,000 resistance zone<\/a> before the bears appeared. A new multi-week high was formed near $50,339 before the price corrected lower.<\/p>\n<p>There was a move below the $49,500 and $49,200 levels. The price even dived below $49,000, but the bulls were active above the $48,250 support. A low was formed near $48,240 and the price is now moving higher. There was a move above the $48,800 zone.<\/p>\n<p>Bitcoin cleared the 50% Fib retracement level of the recent decline from the $50,390 swing high to the $48,240 low. It is now trading above $48,850 and the <a href=\"https:\/\/ktsl888.com\/analysis\/btc\/bitcoin-price-reclaims-48k\/\" target=\"_blank\" rel=\"noopener \">100 hourly Simple moving average<\/a>.<\/p>\n<p>There is also a key bullish trend line forming with support at $48,750 on the hourly chart of the BTC\/USD pair. Immediate resistance is near the $49,880 level or the 76.4% Fib retracement level of the recent decline from the $50,390 swing high to the $48,240 low.<\/p>\n<p><a href=\"https:\/\/ktsl888.com\/wp-content\/uploads\/2024\/02\/Bitcoin_c9af0a.png\"><img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" class=\"alignnone size-full wp-image-574965\" src=\"https:\/\/ktsl888.com\/wp-content\/uploads\/2024\/02\/Bitcoin_c9af0a.png?resize=1024%2C461\" alt=\"Bitcoin Price \" width=\"1024\" height=\"461\" srcset=\"https:\/\/ktsl888.com\/wp-content\/uploads\/2024\/02\/Bitcoin_c9af0a.png?w=1835 1835w, https:\/\/ktsl888.com\/wp-content\/uploads\/2024\/02\/Bitcoin_c9af0a.png?w=460 460w, https:\/\/ktsl888.com\/wp-content\/uploads\/2024\/02\/Bitcoin_c9af0a.png?w=768 768w, https:\/\/ktsl888.com\/wp-content\/uploads\/2024\/02\/Bitcoin_c9af0a.png?w=860 860w, https:\/\/ktsl888.com\/wp-content\/uploads\/2024\/02\/Bitcoin_c9af0a.png?w=1536 1536w, https:\/\/ktsl888.com\/wp-content\/uploads\/2024\/02\/Bitcoin_c9af0a.png?w=750 750w, https:\/\/ktsl888.com\/wp-content\/uploads\/2024\/02\/Bitcoin_c9af0a.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 next key resistance could be $50,000, above which the price could start another decent increase. The next stop for the bulls may perhaps be $50,400. A clear move above the $50,400 resistance could send the price toward the $51,200 resistance. The next resistance could be near the $52,000 level.<\/p>\n<h2>Another Decline In BTC?<\/h2>\n<p>If Bitcoin fails to rise above the $50,000 resistance zone, it could start another downside correction. Immediate support on the downside is near the $49,200 level.<\/p>\n<p>The first major support is $48,800 and the trend line. If there is a close below $48,800, the price could gain bearish momentum. In the stated case, the price could dive toward the $47,800 support.<\/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 $49,000, followed by $48,750.<\/p>\n<p>Major Resistance Levels \u2013 $50,000, $50,400, and $51,200.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Bitcoin price started a downside correction from the $50,400 zone. BTC tested $48,250 and is currently attempting a fresh increase above $50,000. Bitcoin price is holding gains above the $48,250 and $48,500 support levels. The price is trading above $48,850 and the 100 hourly Simple moving average. There is a key bullish trend line forming with support at $48,750 on the hourly chart of the BTC\/USD pair (data feed from Kraken). The pair could continue to move up if it clears the $50,000 resistance zone. Bitcoin Price Remains Supported Bitcoin price gained pace above the $48,800 resistance zone. BTC even spiked above the $50,000 resistance zone before the bears appeared. A new multi-week high was formed near $50,339 before the price corrected lower. There was a move below the $49,500 and $49,200 levels. The price even dived below $49,000, but the bulls were active above the $48,250 support. A low was formed near $48,240 and the price is now moving higher. There was a move above the $48,800 zone. Bitcoin cleared the 50% Fib retracement level of the recent decline from the $50,390 swing high to the $48,240 low. It is now trading above $48,850 and the 100 hourly Simple moving average. There is also a key bullish trend line forming with support at $48,750 on the hourly chart of the BTC\/USD pair. Immediate resistance is near the $49,880 level or the 76.4% Fib retracement level of the recent decline from the $50,390 swing high to the $48,240 low. Source: BTCUSD on TradingView.com The next key resistance could be $50,000, above which the price could start another decent increase. The next stop for the bulls may perhaps be $50,400. A clear move above the $50,400 resistance could send the price toward the $51,200 resistance. The next resistance could be near the $52,000 level. Another Decline In BTC? If Bitcoin fails to rise above the $50,000 resistance zone, it could start another downside correction. Immediate support on the downside is near the $49,200 level. The first major support is $48,800 and the trend line. If there is a close below $48,800, the price could gain bearish momentum. In the stated case, the price could dive toward the $47,800 support. 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 $49,000, followed by $48,750. Major Resistance Levels \u2013 $50,000, $50,400, and $51,200.<\/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-574964","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 Holds Support, BTC Uptrend To Continue Soon?<\/title>\n<meta name=\"description\" content=\"Bitcoin price started a downside correction from the $50,400 zone. 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