{"id":577009,"date":"2024-02-27T03:08:44","date_gmt":"2024-02-27T03:08:44","guid":{"rendered":"https:\/\/ktsl888.com\/?p=577009"},"modified":"2024-06-11T12:41:29","modified_gmt":"2024-06-11T12:41:29","slug":"bitcoin-price-moons-to-57k","status":"publish","type":"post","link":"https:\/\/ktsl888.com\/news\/bitcoin-price-moons-to-57k\/","title":{"rendered":"Bitcoin Price Moons To $57K As The Bulls Aim For $60K"},"content":{"rendered":"<p><em>Bitcoin price is up over 10% and surging toward $58,000. BTC is signaling a strong upward trend and might surge toward the $60,000 resistance.<\/em><\/p>\n<ul>\n<li>Bitcoin price is gaining pace above the $55,000 resistance zone.<\/li>\n<li>The price is trading above $55,000 and the 100 hourly Simple moving average.<\/li>\n<li>There was a break above a major bearish trend line with resistance at $51,600 on the hourly chart of the BTC\/USD pair (data feed from Kraken).<\/li>\n<li>The pair could extend its current rally toward the $60,000 resistance zone.<\/li>\n<\/ul>\n<h2>Bitcoin Price Starts Fresh Surge<\/h2>\n<p>Bitcoin price remained well-bid above the <a href=\"https:\/\/ktsl888.com\/analysis\/btc\/bitcoin-price-stuck-52k\/\" target=\"_blank\" rel=\"noopener \">$50,500 support zone<\/a>. A support base was formed above the $51,500 level and the price started a fresh rally. BTC gained bullish momentum after it broke the $51,600 and $52,000 resistance levels.<\/p>\n<p>There was a break above a major bearish trend line with resistance at $51,600 on the hourly chart of the BTC\/USD pair. The pair surged over 10% and broke many hurdles near the $55,000 level. A new multi-week high is formed near $57,109 and the price is now retreating.<\/p>\n<p>Bitcoin is still trading above $55,000 and the <a href=\"https:\/\/ktsl888.com\/analysis\/btc\/bitcoin-price-accumulation-52k\/\" target=\"_blank\" rel=\"noopener \">100 hourly Simple moving average<\/a>. It is also above the 23.6% Fib retracement level of the recent rally from the $50,950 swing low to the $57,109 high.<\/p>\n<p><a href=\"https:\/\/ktsl888.com\/wp-content\/uploads\/2024\/02\/Bitcoin_e135a3.png\"><img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" class=\"alignnone size-full wp-image-577010\" src=\"https:\/\/ktsl888.com\/wp-content\/uploads\/2024\/02\/Bitcoin_e135a3.png?resize=1024%2C461\" alt=\"Bitcoin Price\" width=\"1024\" height=\"461\" srcset=\"https:\/\/ktsl888.com\/wp-content\/uploads\/2024\/02\/Bitcoin_e135a3.png?w=1835 1835w, https:\/\/ktsl888.com\/wp-content\/uploads\/2024\/02\/Bitcoin_e135a3.png?w=460 460w, https:\/\/ktsl888.com\/wp-content\/uploads\/2024\/02\/Bitcoin_e135a3.png?w=768 768w, https:\/\/ktsl888.com\/wp-content\/uploads\/2024\/02\/Bitcoin_e135a3.png?w=860 860w, https:\/\/ktsl888.com\/wp-content\/uploads\/2024\/02\/Bitcoin_e135a3.png?w=1536 1536w, https:\/\/ktsl888.com\/wp-content\/uploads\/2024\/02\/Bitcoin_e135a3.png?w=750 750w, https:\/\/ktsl888.com\/wp-content\/uploads\/2024\/02\/Bitcoin_e135a3.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>Immediate resistance is near the $56,800 level. The next key resistance could be $57,000, above which the price could rise toward the $58,000 resistance zone. If the bulls remain in action, the price could even surpass $58,000 and test $58,800. The main hurdle for them is visible near the $60,000 zone.<\/p>\n<h2>Are Dips Limited In BTC?<\/h2>\n<p>If Bitcoin fails to rise above the $57,000 resistance zone, it could start a downside correction. Immediate support on the downside is near the $56,000 level.<\/p>\n<p>The first major support is $55,600. If there is a close below $55,600, the price could start a decent pullback toward the 50% Fib retracement level of the recent rally from the $50,950 swing low to the $57,109 high. Any more losses might send the price toward the $53,200 support zone.<\/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 $56,000, followed by $55,600.<\/p>\n<p>Major Resistance Levels \u2013 $57,000, $58,000, and $60,000.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Bitcoin price is up over 10% and surging toward $58,000. BTC is signaling a strong upward trend and might surge toward the $60,000 resistance. Bitcoin price is gaining pace above the $55,000 resistance zone. The price is trading above $55,000 and the 100 hourly Simple moving average. There was a break above a major bearish trend line with resistance at $51,600 on the hourly chart of the BTC\/USD pair (data feed from Kraken). The pair could extend its current rally toward the $60,000 resistance zone. Bitcoin Price Starts Fresh Surge Bitcoin price remained well-bid above the $50,500 support zone. A support base was formed above the $51,500 level and the price started a fresh rally. BTC gained bullish momentum after it broke the $51,600 and $52,000 resistance levels. There was a break above a major bearish trend line with resistance at $51,600 on the hourly chart of the BTC\/USD pair. The pair surged over 10% and broke many hurdles near the $55,000 level. A new multi-week high is formed near $57,109 and the price is now retreating. Bitcoin is still trading above $55,000 and the 100 hourly Simple moving average. It is also above the 23.6% Fib retracement level of the recent rally from the $50,950 swing low to the $57,109 high. Source: BTCUSD on TradingView.com Immediate resistance is near the $56,800 level. The next key resistance could be $57,000, above which the price could rise toward the $58,000 resistance zone. If the bulls remain in action, the price could even surpass $58,000 and test $58,800. The main hurdle for them is visible near the $60,000 zone. Are Dips Limited In BTC? If Bitcoin fails to rise above the $57,000 resistance zone, it could start a downside correction. Immediate support on the downside is near the $56,000 level. The first major support is $55,600. If there is a close below $55,600, the price could start a decent pullback toward the 50% Fib retracement level of the recent rally from the $50,950 swing low to the $57,109 high. Any more losses might send the price toward the $53,200 support zone. 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 $56,000, followed by $55,600. Major Resistance Levels \u2013 $57,000, $58,000, and $60,000.<\/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-577009","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 Moons To $57K As The Bulls Aim For $60K<\/title>\n<meta name=\"description\" content=\"Bitcoin price is up over 10% and surging toward $58,000. 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