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{"id":521401,"date":"2023-03-01T03:33:04","date_gmt":"2023-03-01T03:33:04","guid":{"rendered":"https:\/\/ktsl888.com\/?p=521401"},"modified":"2024-06-11T10:37:08","modified_gmt":"2024-06-11T10:37:08","slug":"bitcoin-price-stuck-range-24k","status":"publish","type":"post","link":"https:\/\/ktsl888.com\/news\/bitcoin-price-stuck-range-24k\/","title":{"rendered":"Bitcoin Price Stuck In Key Range, What Can Spark Fresh Increase"},"content":{"rendered":"

Bitcoin price is still well below the $23,650 resistance. BTC could gain bullish momentum if it is able to clear the $24,000 resistance.<\/em><\/p>\n

\n
Bitcoin is still struggling to make a move above the $23,600 resistance zone.<\/li>\n
The price is trading above $23,300 and the 100 hourly simple moving average.<\/li>\n
There is a short-term declining channel forming with resistance near $23,450 on the hourly chart of the BTC\/USD pair (data feed from Kraken).<\/li>\n
The pair could gain pace if it clears the $23,650 and $24,000 resistance levels.<\/li>\n<\/ul>\n
Bitcoin Price Faces Resistance<\/h2>\n
Bitcoin price failed to clear the $23,650 resistance zone<\/a> and started a fresh decline. BTC traded below the $23,200 level, but the bulls were active near the $23,000 zone.<\/p>\n
A low was formed near $23,042 and the price is now correcting higher. There was a move above the $23,250 resistance zone. The price climbed and tested the 50% Fib retracement level of the recent decline from the $23,885 swing high to $23,042 low.<\/p>\n
Bitcoin price is now trading above $23,300 and the 100 hourly simple moving average<\/a>. There is also a short-term declining channel forming with resistance near $23,450 on the hourly chart of the BTC\/USD pair.<\/p>\n
An immediate resistance is near the $23,450 zone. The first major resistance is near the $23,650 zone. It is also near the 76.4% Fib retracement level of the recent decline from the $23,885 swing high to $23,042 low. A clear move above the $23,650 resistance might start a decent increase towards the $24,000 resistance zone.<\/p>\n
$\"Bitcoin$ <\/a><\/p>\n
Source: BTCUSD on TradingView.com<\/a><\/p>\n
The next key resistance is near the $24,400 zone. A close above the $24,400 resistance could push the price in a bullish zone. In the stated case, the price may perhaps rise towards the $25,200 resistance.<\/p>\n
Fresh Decline in BTC?<\/h2>\n
If bitcoin price fails to clear the $23,650 resistance, it could start another decline. An immediate support on the downside is near the $23,250 zone.<\/p>\n
The next major support is near the $23,000 zone. The main support sits at $22,800, below which there is a risk of a move towards $22,200. The next major support is near the $22,000 level.<\/p>\n
Technical indicators:<\/p>\n
Hourly MACD \u2013 The MACD is now losing pace in the bearish zone.<\/p>\n
Hourly RSI (Relative Strength Index) \u2013 The RSI for BTC\/USD is now above the 50 level.<\/p>\n
Major Support Levels \u2013 $23,200, followed by $22,800.<\/p>\n
Major Resistance Levels \u2013 $23,650, $24,000 and $24,600.<\/p>\n","protected":false},"excerpt":{"rendered":"
Bitcoin price is still well below the $23,650 resistance. BTC could gain bullish momentum if it is able to clear the $24,000 resistance. Bitcoin is still struggling to make a move above the $23,600 resistance zone. The price is trading above $23,300 and the 100 hourly simple moving average. There is a short-term declining channel forming with resistance near $23,450 on the hourly chart of the BTC\/USD pair (data feed from Kraken). The pair could gain pace if it clears the $23,650 and $24,000 resistance levels. Bitcoin Price Faces Resistance Bitcoin price failed to clear the $23,650 resistance zone and started a fresh decline. BTC traded below the $23,200 level, but the bulls were active near the $23,000 zone. A low was formed near $23,042 and the price is now correcting higher. There was a move above the $23,250 resistance zone. The price climbed and tested the 50% Fib retracement level of the recent decline from the $23,885 swing high to $23,042 low. Bitcoin price is now trading above $23,300 and the 100 hourly simple moving average. There is also a short-term declining channel forming with resistance near $23,450 on the hourly chart of the BTC\/USD pair. An immediate resistance is near the $23,450 zone. The first major resistance is near the $23,650 zone. It is also near the 76.4% Fib retracement level of the recent decline from the $23,885 swing high to $23,042 low. A clear move above the $23,650 resistance might start a decent increase towards the $24,000 resistance zone. Source: BTCUSD on TradingView.com The next key resistance is near the $24,400 zone. A close above the $24,400 resistance could push the price in a bullish zone. In the stated case, the price may perhaps rise towards the $25,200 resistance. Fresh Decline in BTC? If bitcoin price fails to clear the $23,650 resistance, it could start another decline. An immediate support on the downside is near the $23,250 zone. The next major support is near the $23,000 zone. The main support sits at $22,800, below which there is a risk of a move towards $22,200. The next major support is near the $22,000 level. Technical indicators: Hourly MACD \u2013 The MACD is now losing pace in the bearish zone. Hourly RSI (Relative Strength Index) \u2013 The RSI for BTC\/USD is now above the 50 level. Major Support Levels \u2013 $23,200, followed by $22,800. Major Resistance Levels \u2013 $23,650, $24,000 and $24,600.<\/p>\n","protected":false},"author":67,"featured_media":463643,"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-521401","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":"\nBitcoin Price Stuck In Key Range, What Can Spark Fresh Increase<\/title>\n<meta name=\"description\" content=\"Bitcoin price is still well below the $23,650 resistance. 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His background in software engineering has equipped him with a unique skill set, enabling him to leverage cutting-edge tools and algorithms to gain a competitive edge in an ever-evolving landscape. In addition to his roles in finance and technology, Aayush serves as the director of a prestigious IT company, where he spearheads initiatives aimed at driving digital innovation and transformation. Under his visionary leadership, the company has flourished, cementing its position as a leader in the tech industry and paving the way for groundbreaking advancements in software development and IT solutions. Despite his demanding professional commitments, Aayush is a firm believer in the importance of work-life balance. An avid traveler and adventurer, he finds solace in exploring new destinations, immersing himself in different cultures, and forging lasting memories along the way. Whether he's trekking through the Himalayas, diving in the azure waters of the Maldives, or experiencing the vibrant energy of bustling metropolises, Aayush embraces every opportunity to broaden his horizons and create unforgettable experiences. Aayush's journey to success is marked by a relentless pursuit of excellence and a steadfast commitment to continuous learning and growth. His academic achievements are a testament to his dedication and passion for excellence, having completed his software engineering with honors and excelling in every department. At his core, Aayush is driven by a profound passion for analyzing markets and uncovering profitable opportunities amidst volatility. Whether he's poring over price charts, identifying key support and resistance levels, or providing insightful analysis to his clients and followers, Aayush's unwavering dedication to his craft sets him apart as a true industry leader and a beacon of inspiration to aspiring traders around the globe. In a world where uncertainty reigns supreme, Aayush Jindal stands as a guiding light, illuminating the path to financial success with his unparalleled expertise, unwavering integrity, and boundless enthusiasm for the markets.","sameAs":["https:\/\/www.linkedin.com\/in\/aayush-jindal-358b6932\/","https:\/\/x.com\/twitter.com\/AayushJs"],"url":"https:\/\/ktsl888.com\/author\/aayushjindal\/"}]}},"parsely":{"version":"1.1.0","meta":{"@context":"https:\/\/schema.org","@type":"NewsArticle","headline":"Bitcoin Price Stuck In Key Range, What Can Spark Fresh Increase","url":"http:\/\/ktsl888.com\/news\/bitcoin-price-stuck-range-24k\/","mainEntityOfPage":{"@type":"WebPage","@id":"http:\/\/ktsl888.com\/news\/bitcoin-price-stuck-range-24k\/"},"thumbnailUrl":"https:\/\/ktsl888.com\/wp-content\/uploads\/2021\/05\/shutterstock_609209402.jpg?resize=200%2C200","image":{"@type":"ImageObject","url":"https:\/\/ktsl888.com\/wp-content\/uploads\/2021\/05\/shutterstock_609209402.jpg?fit=1000%2C554"},"articleSection":"Cryptocurrency Market News","author":[{"@type":"Person","name":"Aayush Jindal"}],"creator":["Aayush Jindal"],"publisher":{"@type":"Organization","name":"NewsBTC","logo":"https:\/\/ktsl888.com\/wp-content\/uploads\/2020\/06\/cropped-cropped-cropped-favicon.png?w=32"},"keywords":["bitcoin","bitcoin price","btcusd","btcusdt","xbtusd"],"dateCreated":"2023-03-01T03:33:04Z","datePublished":"2023-03-01T03:33:04Z","dateModified":"2024-06-11T10:37:08Z"},"rendered":"<script type=\"application\/ld+json\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@type\":\"NewsArticle\",\"headline\":\"Bitcoin Price Stuck In Key Range, What Can Spark Fresh Increase\",\"url\":\"http:\\\/\\\/ktsl888.com\\\/news\\\/bitcoin-price-stuck-range-24k\\\/\",\"mainEntityOfPage\":{\"@type\":\"WebPage\",\"@id\":\"http:\\\/\\\/ktsl888.com\\\/news\\\/bitcoin-price-stuck-range-24k\\\/\"},\"thumbnailUrl\":\"https:\\\/\\\/ktsl888.com\\\/wp-content\\\/uploads\\\/2021\\\/05\\\/shutterstock_609209402.jpg?resize=200%2C200\",\"image\":{\"@type\":\"ImageObject\",\"url\":\"https:\\\/\\\/ktsl888.com\\\/wp-content\\\/uploads\\\/2021\\\/05\\\/shutterstock_609209402.jpg?fit=1000%2C554\"},\"articleSection\":\"Cryptocurrency Market News\",\"author\":[{\"@type\":\"Person\",\"name\":\"Aayush Jindal\"}],\"creator\":[\"Aayush Jindal\"],\"publisher\":{\"@type\":\"Organization\",\"name\":\"NewsBTC\",\"logo\":\"https:\\\/\\\/ktsl888.com\\\/wp-content\\\/uploads\\\/2020\\\/06\\\/cropped-cropped-cropped-favicon.png?w=32\"},\"keywords\":[\"bitcoin\",\"bitcoin price\",\"btcusd\",\"btcusdt\",\"xbtusd\"],\"dateCreated\":\"2023-03-01T03:33:04Z\",\"datePublished\":\"2023-03-01T03:33:04Z\",\"dateModified\":\"2024-06-11T10:37:08Z\"}<\/script>","tracker_url":"https:\/\/cdn.parsely.com\/keys\/ktsl888.com\/p.js"},"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"https:\/\/ktsl888.com\/wp-content\/uploads\/2021\/05\/shutterstock_609209402.jpg?fit=1000%2C554","amp_enabled":true,"_links":{"self":[{"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/posts\/521401"}],"collection":[{"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/users\/67"}],"replies":[{"embeddable":true,"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/comments?post=521401"}],"version-history":[{"count":0,"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/posts\/521401\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/media\/463643"}],"wp:attachment":[{"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/media?parent=521401"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/categories?post=521401"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/tags?post=521401"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}