{"id":376633,"date":"2019-04-01T06:30:52","date_gmt":"2019-04-01T06:30:52","guid":{"rendered":"https:\/\/uniquehot.com\/?p=376633"},"modified":"2024-06-11T13:39:06","modified_gmt":"2024-06-11T13:39:06","slug":"bitcoin-btc-price-could-make-a-sustained-move-higher","status":"publish","type":"post","link":"https:\/\/uniquehot.com\/news\/bitcoin-btc-price-could-make-a-sustained-move-higher\/","title":{"rendered":"Bitcoin (BTC) Price Could Make A Sustained Move Higher"},"content":{"rendered":"<ul>\n<li>Bitcoin price jumped higher recently and traded to a new weekly high above $4,140 against the US Dollar.<\/li>\n<li>The price traded as high as $4,142 and it is currently consolidating gains above key supports.<\/li>\n<li>There is a new contracting triangle forming with support near $4,100 on the hourly chart of the BTC\/USD pair (data feed from Kraken).<\/li>\n<li>The pair could decline in the short term, but it remains supported near $4,100 and $4,050.<\/li>\n<\/ul>\n<p><em>Bitcoin price is trading with a strong uptrend above the $4,040 pivot level against the US Dollar. BTC is likely to break the $4,150 resistance and it could surge above $4,200.<\/em><\/p>\n<h2>Bitcoin Price Analysis<\/h2>\n<p>After forming a strong support near the $4,040 level, bitcoin price climbed above $4,100 against the US Dollar. The BTC\/USD pair followed a decent bullish path, with a couple of sharp moves towards $4,060. Finally, the price <a href=\"https:\/\/uniquehot.com\/2019\/03\/31\/bitcoin-btc-price-trend-overwhelmingly-bullish-bulls-aim-4400\/\" target=\"_blank\" rel=\"noopener noreferrer \">gained bullish momentum<\/a> and traded above the $4,100 and $4,120 resistance levels. A new weekly high was formed near the $4,142 level and the price is currently trading in a range.<\/p>\n<p>An initial support is near the $4,120 level and the 23.6% Fib retracement level of the recent rise from the $4,052 low to $4,142 high. However, the main support is near the $4,100 level. More importantly, there is a new contracting triangle forming with support near $4,100 on the hourly chart of the BTC\/USD pair. If the pair breaks the triangle support, it could test the $4,060 level and the 100 hourly simple moving average.<\/p>\n<p>On the upside, the triangle resistance is near the $4,145 and $4,150 levels. A clear break above the $4,150 resistance could <a href=\"https:\/\/uniquehot.com\/2019\/03\/30\/bitcoin-btc-price-following-steady-uptrend-dips-remain-attractive\/\" target=\"_blank\" rel=\"noopener noreferrer \">open the doors for more gains<\/a> above $4,200. The next significant resistance is at $4,240, above which the price may increase to $4,400. On the flip side, if there is a fresh downside correction, buyers might take a stand near the $4,060 support or the 100 hourly simple moving average.<\/p>\n<p><img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" class=\"alignnone size-full wp-image-376634\" src=\"https:\/\/uniquehot.com\/wp-content\/uploads\/2019\/04\/Bitcoin.png?resize=1828%2C868\" alt=\"Bitcoin Price Analysis BTC Chart\" width=\"1828\" height=\"868\" srcset=\"https:\/\/uniquehot.com\/wp-content\/uploads\/2019\/04\/Bitcoin.png?w=1828 1828w, https:\/\/uniquehot.com\/wp-content\/uploads\/2019\/04\/Bitcoin.png?w=460 460w, https:\/\/uniquehot.com\/wp-content\/uploads\/2019\/04\/Bitcoin.png?w=768 768w, https:\/\/uniquehot.com\/wp-content\/uploads\/2019\/04\/Bitcoin.png?w=860 860w, https:\/\/uniquehot.com\/wp-content\/uploads\/2019\/04\/Bitcoin.png?w=1536 1536w, https:\/\/uniquehot.com\/wp-content\/uploads\/2019\/04\/Bitcoin.png?w=750 750w, https:\/\/uniquehot.com\/wp-content\/uploads\/2019\/04\/Bitcoin.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 clearly following a solid bullish path above the $4,100 and $4,060 support levels. In the short term, there could be range moves above $4,100 before the price spikes above the $4,145 resistance. The most important support is near the $4,040 pivot level. There is also a major bullish trend line in place with support at $4,055 on the same chart. Therefore, there are many buy zones formed, starting with $4,100 and up to near $4,040.<\/p>\n<p>Technical indicators:<\/p>\n<p>Hourly MACD \u2013 The MACD is placed heavily in the bullish zone, with positive signs.<\/p>\n<p>Hourly RSI (Relative Strength Index) \u2013 The RSI for BTC\/USD is currently moving lower from the 72 level.<\/p>\n<p>Major Support Levels \u2013 $4,100 followed by $4,060.<\/p>\n<p>Major Resistance Levels \u2013 $4,145, $4,150 and $4,200.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Bitcoin price jumped higher recently and traded to a new weekly high above $4,140 against the US Dollar. The price traded as high as $4,142 and it is currently consolidating gains above key supports. There is a new contracting triangle forming with support near $4,100 on the hourly chart of the BTC\/USD pair (data feed from Kraken). The pair could decline in the short term, but it remains supported near $4,100 and $4,050. Bitcoin price is trading with a strong uptrend above the $4,040 pivot level against the US Dollar. BTC is likely to break the $4,150 resistance and it could surge above $4,200. Bitcoin Price Analysis After forming a strong support near the $4,040 level, bitcoin price climbed above $4,100 against the US Dollar. The BTC\/USD pair followed a decent bullish path, with a couple of sharp moves towards $4,060. Finally, the price gained bullish momentum and traded above the $4,100 and $4,120 resistance levels. A new weekly high was formed near the $4,142 level and the price is currently trading in a range. An initial support is near the $4,120 level and the 23.6% Fib retracement level of the recent rise from the $4,052 low to $4,142 high. However, the main support is near the $4,100 level. More importantly, there is a new contracting triangle forming with support near $4,100 on the hourly chart of the BTC\/USD pair. If the pair breaks the triangle support, it could test the $4,060 level and the 100 hourly simple moving average. On the upside, the triangle resistance is near the $4,145 and $4,150 levels. A clear break above the $4,150 resistance could open the doors for more gains above $4,200. The next significant resistance is at $4,240, above which the price may increase to $4,400. On the flip side, if there is a fresh downside correction, buyers might take a stand near the $4,060 support or the 100 hourly simple moving average. Looking at the chart, bitcoin price is clearly following a solid bullish path above the $4,100 and $4,060 support levels. In the short term, there could be range moves above $4,100 before the price spikes above the $4,145 resistance. The most important support is near the $4,040 pivot level. There is also a major bullish trend line in place with support at $4,055 on the same chart. Therefore, there are many buy zones formed, starting with $4,100 and up to near $4,040. Technical indicators: Hourly MACD \u2013 The MACD is placed heavily in the bullish zone, with positive signs. Hourly RSI (Relative Strength Index) \u2013 The RSI for BTC\/USD is currently moving lower from the 72 level. Major Support Levels \u2013 $4,100 followed by $4,060. Major Resistance Levels \u2013 $4,145, $4,150 and $4,200.<\/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-376633","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 Could Make A Sustained Move Higher<\/title>\n<meta name=\"description\" content=\"Bitcoin price is trading with a strong uptrend above the $4,040 pivot level against the US Dollar. 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BTC is likely to break the $4,150 resistance and it could surge above $4,200.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/uniquehot.com\/news\/bitcoin-btc-price-could-make-a-sustained-move-higher\/\" \/>\n<meta property=\"og:site_name\" content=\"NewsBTC\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/newsbtc\" \/>\n<meta property=\"article:published_time\" content=\"2019-04-01T06:30:52+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2024-06-11T13:39:06+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/uniquehot.com\/wp-content\/uploads\/2018\/08\/techanalysis-btc6-bullish.jpg?fit=1200%2C600\" \/>\n\t<meta property=\"og:image:width\" content=\"1200\" \/>\n\t<meta property=\"og:image:height\" content=\"600\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Aayush Jindal\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@twitter.com\/AayushJs\" \/>\n<meta name=\"twitter:site\" content=\"@newsbtc\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Aayush Jindal\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"NewsArticle\",\"@id\":\"https:\/\/uniquehot.com\/news\/bitcoin-btc-price-could-make-a-sustained-move-higher\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/uniquehot.com\/news\/bitcoin-btc-price-could-make-a-sustained-move-higher\/\"},\"author\":{\"name\":\"Aayush Jindal\",\"@id\":\"https:\/\/uniquehot.com\/#\/schema\/person\/1f8631be4d0868de3fd2f21f17d9ae70\"},\"headline\":\"Bitcoin (BTC) Price Could Make A Sustained Move Higher\",\"datePublished\":\"2019-04-01T06:30:52+00:00\",\"dateModified\":\"2024-06-11T13:39:06+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/uniquehot.com\/news\/bitcoin-btc-price-could-make-a-sustained-move-higher\/\"},\"wordCount\":419,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\/\/uniquehot.com\/#organization\"},\"image\":{\"@id\":\"https:\/\/uniquehot.com\/news\/bitcoin-btc-price-could-make-a-sustained-move-higher\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/uniquehot.com\/wp-content\/uploads\/2018\/08\/techanalysis-btc6-bullish.jpg?fit=1200%2C600\",\"keywords\":[\"bitcoin\",\"btc\"],\"articleSection\":[\"Cryptocurrency Market News\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/uniquehot.com\/news\/bitcoin-btc-price-could-make-a-sustained-move-higher\/#respond\"]}],\"copyrightYear\":\"2019\",\"copyrightHolder\":{\"@id\":\"https:\/\/uniquehot.com\/#organization\"}},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/uniquehot.com\/news\/bitcoin-btc-price-could-make-a-sustained-move-higher\/\",\"url\":\"https:\/\/uniquehot.com\/news\/bitcoin-btc-price-could-make-a-sustained-move-higher\/\",\"name\":\"Bitcoin (BTC) Price Could Make A Sustained Move Higher\",\"isPartOf\":{\"@id\":\"https:\/\/uniquehot.com\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/uniquehot.com\/news\/bitcoin-btc-price-could-make-a-sustained-move-higher\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/uniquehot.com\/news\/bitcoin-btc-price-could-make-a-sustained-move-higher\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/uniquehot.com\/wp-content\/uploads\/2018\/08\/techanalysis-btc6-bullish.jpg?fit=1200%2C600\",\"datePublished\":\"2019-04-01T06:30:52+00:00\",\"dateModified\":\"2024-06-11T13:39:06+00:00\",\"description\":\"Bitcoin price is trading with a strong uptrend above the $4,040 pivot level against the US Dollar. 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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. 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