{"id":376143,"date":"2019-03-27T06:28:59","date_gmt":"2019-03-27T06:28:59","guid":{"rendered":"https:\/\/uniquehot.com\/?p=376143"},"modified":"2024-06-11T13:39:00","modified_gmt":"2024-06-11T13:39:00","slug":"bitcoin-btc-price-upswing-could-gather-momentum-above-4k","status":"publish","type":"post","link":"https:\/\/uniquehot.com\/news\/bitcoin-btc-price-upswing-could-gather-momentum-above-4k\/","title":{"rendered":"Bitcoin (BTC) Price Upswing Could Gather Momentum Above $4K"},"content":{"rendered":"<ul>\n<li>Bitcoin price stayed above the $3,850 support and rebounded above $3,940 against the US Dollar.<\/li>\n<li>The price surged higher and settled above the $3,900 and $3,940 resistance levels.<\/li>\n<li>This week\u2019s followed crucial bearish trend line was cleared with resistance at $3,945 on the hourly chart of the BTC\/USD pair (data feed from Kraken).<\/li>\n<li>The pair is now back in a positive zone and it could extend gains above the $3,980 and $4,000 resistances.<\/li>\n<\/ul>\n<p><em>Bitcoin price made a sharp U-turn from new weekly lows against the US Dollar. BTC is back above the $3,940 pivot level and it could accelerate gains above the $4,000 barrier in the near term.<\/em><\/p>\n<h2>Bitcoin Price Analysis<\/h2>\n<p>Yesterday, we saw an <a href=\"https:\/\/uniquehot.com\/2019\/03\/26\/bitcoin-btc-price-signaling-additional-losses-below-3900\/\" target=\"_blank\" rel=\"noopener noreferrer \">extended decline<\/a> in bitcoin price below the $3,900 support against the US Dollar. The BTC\/USD pair traded to a new weekly low at $3,850. Later, the pair formed a decent support base near the $3,880 level. As a result, there was a strong upswing and the price climbed above the $3,900 resistance level. More importantly, the price cleared the key resistances near $3,920 and $3,940 (the previous supports).<\/p>\n<p>Besides, bulls cleared this week\u2019s followed crucial bearish trend line with resistance at $3,945 on the hourly chart of the BTC\/USD pair. The pair settled above the $3,940 resistance and the 100 hourly simple moving average. It even spiked above the <a href=\"https:\/\/uniquehot.com\/2019\/03\/25\/bitcoin-btc-price-wont-go-quietly-risk-of-break-grows\/\" target=\"_blank\" rel=\"noopener noreferrer \">$3,980 resistance<\/a> and a new intraday high was formed at $3,988. The price is currently consolidating below $3,988 and it seems like there could be more gains. On the downside, an initial support is near $3,955 and the 23.6% Fib retracement level of the recent wave from the $3,856 low to $3,988 high.<\/p>\n<p>However, the main support is near the $3,940 and $3,920 levels. The 50% Fib retracement level of the recent wave from the $3,856 low to $3,988 high is also near the $3,920 level. On the upside, the price is likely to accelerate above the $4,000 resistance in the near term. The next stop for buyers could be near $4,020 or $4,040.<\/p>\n<p><img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" class=\"alignnone size-full wp-image-376144\" src=\"https:\/\/uniquehot.com\/wp-content\/uploads\/2019\/03\/Bitcoin-24.png?resize=1828%2C868\" alt=\"Bitcoin Price Analysis BTC Chart\" width=\"1828\" height=\"868\" srcset=\"https:\/\/uniquehot.com\/wp-content\/uploads\/2019\/03\/Bitcoin-24.png?w=1828 1828w, https:\/\/uniquehot.com\/wp-content\/uploads\/2019\/03\/Bitcoin-24.png?w=460 460w, https:\/\/uniquehot.com\/wp-content\/uploads\/2019\/03\/Bitcoin-24.png?w=768 768w, https:\/\/uniquehot.com\/wp-content\/uploads\/2019\/03\/Bitcoin-24.png?w=860 860w, https:\/\/uniquehot.com\/wp-content\/uploads\/2019\/03\/Bitcoin-24.png?w=1536 1536w, https:\/\/uniquehot.com\/wp-content\/uploads\/2019\/03\/Bitcoin-24.png?w=750 750w, https:\/\/uniquehot.com\/wp-content\/uploads\/2019\/03\/Bitcoin-24.png?w=1140 1140w\" sizes=\"(max-width: 1000px) 100vw, 1000px\"><\/p>\n<p>Looking at the <a href=\"https:\/\/www.tradingview.com\/symbols\/XBTUSD\/\" target=\"_blank\" rel=\"noopener noreferrer nofollow\">chart<\/a>, bitcoin price pumped nicely above the $3,940 pivot level and moved into a positive zone. The current price action is positive and suggests more gains above $4,000 and $4,020. There are even chances of a fresh high above the $4,040 resistance. On the other hand, if there is a downside correction, buyers are likely to protect the $3,940 and $3,920 support levels.<\/p>\n<p>Technical indicators:<\/p>\n<p>Hourly MACD \u2013 The MACD is gaining pace in the bullish zone.<\/p>\n<p>Hourly RSI (Relative Strength Index) \u2013 The RSI for BTC\/USD jumped higher sharply and it is currently in the overbought zone.<\/p>\n<p>Major Support Levels \u2013 $3,940 followed by $3,920.<\/p>\n<p>Major Resistance Levels \u2013 $4,000, $4,020 and $4,040.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Bitcoin price stayed above the $3,850 support and rebounded above $3,940 against the US Dollar. The price surged higher and settled above the $3,900 and $3,940 resistance levels. This week\u2019s followed crucial bearish trend line was cleared with resistance at $3,945 on the hourly chart of the BTC\/USD pair (data feed from Kraken). The pair is now back in a positive zone and it could extend gains above the $3,980 and $4,000 resistances. Bitcoin price made a sharp U-turn from new weekly lows against the US Dollar. BTC is back above the $3,940 pivot level and it could accelerate gains above the $4,000 barrier in the near term. Bitcoin Price Analysis Yesterday, we saw an extended decline in bitcoin price below the $3,900 support against the US Dollar. The BTC\/USD pair traded to a new weekly low at $3,850. Later, the pair formed a decent support base near the $3,880 level. As a result, there was a strong upswing and the price climbed above the $3,900 resistance level. More importantly, the price cleared the key resistances near $3,920 and $3,940 (the previous supports). Besides, bulls cleared this week\u2019s followed crucial bearish trend line with resistance at $3,945 on the hourly chart of the BTC\/USD pair. The pair settled above the $3,940 resistance and the 100 hourly simple moving average. It even spiked above the $3,980 resistance and a new intraday high was formed at $3,988. The price is currently consolidating below $3,988 and it seems like there could be more gains. On the downside, an initial support is near $3,955 and the 23.6% Fib retracement level of the recent wave from the $3,856 low to $3,988 high. However, the main support is near the $3,940 and $3,920 levels. The 50% Fib retracement level of the recent wave from the $3,856 low to $3,988 high is also near the $3,920 level. On the upside, the price is likely to accelerate above the $4,000 resistance in the near term. The next stop for buyers could be near $4,020 or $4,040. Looking at the chart, bitcoin price pumped nicely above the $3,940 pivot level and moved into a positive zone. The current price action is positive and suggests more gains above $4,000 and $4,020. There are even chances of a fresh high above the $4,040 resistance. On the other hand, if there is a downside correction, buyers are likely to protect the $3,940 and $3,920 support levels. Technical indicators: Hourly MACD \u2013 The MACD is gaining pace in the bullish zone. Hourly RSI (Relative Strength Index) \u2013 The RSI for BTC\/USD jumped higher sharply and it is currently in the overbought zone. Major Support Levels \u2013 $3,940 followed by $3,920. Major Resistance Levels \u2013 $4,000, $4,020 and $4,040.<\/p>\n","protected":false},"author":67,"featured_media":344598,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[3],"tags":[428,1119],"class_list":["post-376143","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-bitcoin","tag-btc"],"acf":[],"yoast_head":"\n<title>Bitcoin (BTC) Price Upswing Could Gather Momentum Above $4K<\/title>\n<meta name=\"description\" content=\"Bitcoin price made a sharp U-turn from new weekly lows against the US Dollar. 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BTC is back above the $3,940 pivot level and it could accelerate gains above the $4,000 barrier in the near term.","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/uniquehot.com\/news\/bitcoin-btc-price-upswing-could-gather-momentum-above-4k\/","og_locale":"en_US","og_type":"article","og_title":"Bitcoin (BTC) Price Upswing Could Gather Momentum Above $4K","og_description":"Bitcoin price made a sharp U-turn from new weekly lows against the US Dollar. 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