{"id":376515,"date":"2019-03-30T14:51:37","date_gmt":"2019-03-30T14:51:37","guid":{"rendered":"https:\/\/uniquehot.com\/?p=376515"},"modified":"2024-06-11T12:50:15","modified_gmt":"2024-06-11T12:50:15","slug":"bitcoin-btc-price-following-steady-uptrend-dips-remain-attractive","status":"publish","type":"post","link":"https:\/\/uniquehot.com\/news\/bitcoin-btc-price-following-steady-uptrend-dips-remain-attractive\/","title":{"rendered":"Bitcoin (BTC) Price Following Steady Uptrend, Dips Remain Attractive"},"content":{"rendered":"<ul>\n<li>Bitcoin price climbed higher and broke the $4,100 resistance area against the US Dollar.<\/li>\n<li>The price corrected lower recently, but the $4,040 level acted as a strong support.<\/li>\n<li>There is a crucial ascending channel in place with support at $4,060 on the hourly chart of the BTC\/USD pair (data feed from Kraken).<\/li>\n<li>The pair remains supported on the downside and it could bounce back above $4,100 in the near term.<\/li>\n<\/ul>\n<p><em>Bitcoin price is following a steady uptrend above $4,000 against the US Dollar. BTC corrected lower recently, but it remains well bid above the $4,040 ad $4,020 levels.<\/em><\/p>\n<h2>Bitcoin Price Analysis<\/h2>\n<p>Yesterday, we saw a <a href=\"https:\/\/uniquehot.com\/2019\/03\/29\/bitcoin-btc-price-could-rally-significantly-above-4050\/\" target=\"_blank\" rel=\"noopener noreferrer \">solid upside break<\/a> above the $4,000 resistance in bitcoin price against the US Dollar. The BTC\/USD pair followed a bullish path and traded above a crucial resistance near the $4,040 level. There was a strong close above the $4,000 level and the 100 hourly simple moving average. The price accelerated gains above the $4,050 and $4,100 resistance levels. A new weekly high was formed near $4,132 and later the price started a downside correction.<\/p>\n<p>Sellers pushed the price below the $4,100 support and the 23.6% Fib retracement level of the recent wave from the $4,007 low to $4,132 high. There was a spike below the $4,050 level and the 50% Fib retracement level of the recent wave from the $4,007 low to $4,132 high. However, the previous <a href=\"https:\/\/uniquehot.com\/2019\/03\/28\/bitcoin-btc-price-watch-dips-remain-attractive-to-buyers\/\" target=\"_blank\" rel=\"noopener noreferrer \">crucial resistance<\/a> near the $4,040 level acted as a strong support. The price was also rejected from the 61.8% Fib retracement level of the recent wave from the $4,007 low to $4,132 high.<\/p>\n<p>More importantly, there is a crucial ascending channel in place with support at $4,060 on the hourly chart of the BTC\/USD pair. The pair is currently trading above the channel support and $4,070. It seems like there could be another dip towards the $4,040 support before the price starts a fresh upward move. On the upside, an initial resistance is near the $4,100 level, above which the price could break the $4,132 high.<\/p>\n<p><img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" class=\"alignnone size-full wp-image-376516\" src=\"https:\/\/uniquehot.com\/wp-content\/uploads\/2019\/03\/Bitcoin-27.png?resize=1606%2C939\" alt=\"Bitcoin Price Analysis BTC Chart\" width=\"1606\" height=\"939\" srcset=\"https:\/\/uniquehot.com\/wp-content\/uploads\/2019\/03\/Bitcoin-27.png?w=1606 1606w, https:\/\/uniquehot.com\/wp-content\/uploads\/2019\/03\/Bitcoin-27.png?w=460 460w, https:\/\/uniquehot.com\/wp-content\/uploads\/2019\/03\/Bitcoin-27.png?w=768 768w, https:\/\/uniquehot.com\/wp-content\/uploads\/2019\/03\/Bitcoin-27.png?w=860 860w, https:\/\/uniquehot.com\/wp-content\/uploads\/2019\/03\/Bitcoin-27.png?w=1536 1536w, https:\/\/uniquehot.com\/wp-content\/uploads\/2019\/03\/Bitcoin-27.png?w=750 750w, https:\/\/uniquehot.com\/wp-content\/uploads\/2019\/03\/Bitcoin-27.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 is following a nice uptrend above the $4,040 support level. If there is an extended decline below the $4,040 support, the price may revisit the $4,000 support area. On the upside, a clear break above $4,100 and $4,132 could push the price further higher. The next stop for bulls might be $4,150 or $4,180.<\/p>\n<p>Technical indicators:<\/p>\n<p>Hourly MACD \u2013 The MACD is slowly reducing its bearish slope.<\/p>\n<p>Hourly RSI (Relative Strength Index) \u2013 The RSI for BTC\/USD is currently near the 50 level, with a minor bearish angle.<\/p>\n<p>Major Support Levels \u2013 $4,060 followed by $4,040.<\/p>\n<p>Major Resistance Levels \u2013 $4,100, $4,130 and $4,150.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Bitcoin price climbed higher and broke the $4,100 resistance area against the US Dollar. The price corrected lower recently, but the $4,040 level acted as a strong support. There is a crucial ascending channel in place with support at $4,060 on the hourly chart of the BTC\/USD pair (data feed from Kraken). The pair remains supported on the downside and it could bounce back above $4,100 in the near term. Bitcoin price is following a steady uptrend above $4,000 against the US Dollar. BTC corrected lower recently, but it remains well bid above the $4,040 ad $4,020 levels. Bitcoin Price Analysis Yesterday, we saw a solid upside break above the $4,000 resistance in bitcoin price against the US Dollar. The BTC\/USD pair followed a bullish path and traded above a crucial resistance near the $4,040 level. There was a strong close above the $4,000 level and the 100 hourly simple moving average. The price accelerated gains above the $4,050 and $4,100 resistance levels. A new weekly high was formed near $4,132 and later the price started a downside correction. Sellers pushed the price below the $4,100 support and the 23.6% Fib retracement level of the recent wave from the $4,007 low to $4,132 high. There was a spike below the $4,050 level and the 50% Fib retracement level of the recent wave from the $4,007 low to $4,132 high. However, the previous crucial resistance near the $4,040 level acted as a strong support. The price was also rejected from the 61.8% Fib retracement level of the recent wave from the $4,007 low to $4,132 high. More importantly, there is a crucial ascending channel in place with support at $4,060 on the hourly chart of the BTC\/USD pair. The pair is currently trading above the channel support and $4,070. It seems like there could be another dip towards the $4,040 support before the price starts a fresh upward move. On the upside, an initial resistance is near the $4,100 level, above which the price could break the $4,132 high. Looking at the chart, bitcoin price is following a nice uptrend above the $4,040 support level. If there is an extended decline below the $4,040 support, the price may revisit the $4,000 support area. On the upside, a clear break above $4,100 and $4,132 could push the price further higher. The next stop for bulls might be $4,150 or $4,180. Technical indicators: Hourly MACD \u2013 The MACD is slowly reducing its bearish slope. Hourly RSI (Relative Strength Index) \u2013 The RSI for BTC\/USD is currently near the 50 level, with a minor bearish angle. Major Support Levels \u2013 $4,060 followed by $4,040. Major Resistance Levels \u2013 $4,100, $4,130 and $4,150.<\/p>\n","protected":false},"author":67,"featured_media":344599,"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-376515","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 Following Steady Uptrend, Dips Remain Attractive<\/title>\n<meta name=\"description\" content=\"Bitcoin price is following a steady uptrend above $4,000 against the US Dollar. 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BTC corrected lower recently, but it remains well bid above the $4,040 ad $4,020 levels.","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-following-steady-uptrend-dips-remain-attractive\/","og_locale":"en_US","og_type":"article","og_title":"Bitcoin (BTC) Price Following Steady Uptrend, Dips Remain Attractive","og_description":"Bitcoin price is following a steady uptrend above $4,000 against the US Dollar. 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