{"id":389234,"date":"2019-07-09T06:00:50","date_gmt":"2019-07-09T06:00:50","guid":{"rendered":"https:\/\/uniquehot.com\/?p=389234"},"modified":"2024-06-11T13:45:16","modified_gmt":"2024-06-11T13:45:16","slug":"bitcoin-btc-price-surges-12-bulls-aim-13k-or-13-2k","status":"publish","type":"post","link":"https:\/\/uniquehot.com\/news\/bitcoin-btc-price-surges-12-bulls-aim-13k-or-13-2k\/","title":{"rendered":"Bitcoin (BTC) Price Surges 12%: Bulls Aim $13K or $13.2K"},"content":{"rendered":"<ul>\n<li>There was a strong rise in bitcoin price above the $12,000 resistance level against the US Dollar.<\/li>\n<li>The price broke the last swing high and traded to a new weekly high above $12,700.<\/li>\n<li>Yesterday\u2019s highlighted crucial contracting triangle was breached with resistance near $11,520 on the hourly chart of the BTC\/USD pair (data feed from Kraken).<\/li>\n<li>The bulls are currently in control and it seems like they are eyeing $13,000 or even $13,200.<\/li>\n<\/ul>\n<p><em>Bitcoin price climbed higher sharply above $12,000 and $12,500 against the US Dollar. BTC is currently showing positive signs and it could even test the $13,000 resistance.<\/em><\/p>\n<h2>Bitcoin Price Analysis<\/h2>\n<p>Yesterday, we saw a few <a href=\"https:\/\/uniquehot.com\/2019\/07\/08\/bitcoin-btc-price-primed-for-more-gains-above-11500\/\" target=\"_blank\" rel=\"noopener noreferrer \">positive moves in bitcoin price<\/a> above the $11,000 level against the US Dollar. The BTC\/USD pair traded steadily above the $11,200 pivot level and the 100 hourly simple moving average. Moreover, there were range moves before the price started a strong upward move above the $11,500 resistance level. Once there was a close above the $11,500 level, the climbed more than 12% in the past three sessions.<\/p>\n<p>Moreover, yesterday\u2019s highlighted crucial contracting triangle was breached with resistance near $11,520 on the hourly chart of the BTC\/USD pair. It set the tone for a fresh rally above the $12,000 resistance level. The pair even broke the $12,500 resistance and traded close to the $12,800 level. A new weekly high was formed near $12,788 and the price is currently consolidating gains.<\/p>\n<p>An initial support is near the $12,600 level plus the 23.6% Fib retracement level of the recent rally from the $11,810 low to $12,788 high. On the downside, there are many important supports near the $12,500 level. If there are more losses, the $12,250 level may act as a strong support. It coincides with the 50% Fib retracement level of the recent rally from the $11,810 low to $12,788 high.<\/p>\n<p>On the upside, an initial resistance is near the $12,800 level. If there is an upside break, the <a href=\"https:\/\/uniquehot.com\/2019\/07\/07\/bitcoin-btc-price-trading-near-make-or-break-levels\/\" target=\"_blank\" rel=\"noopener noreferrer \">price is likely to climb further<\/a> above the $13,000 level. The next major resistance for the bulls is near the $13,200 level.<\/p>\n<p><a href=\"https:\/\/uniquehot.com\/wp-content\/uploads\/2019\/07\/Bitcoin-8.png\"><img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" class=\"alignnone size-full wp-image-389235\" src=\"https:\/\/uniquehot.com\/wp-content\/uploads\/2019\/07\/Bitcoin-8.png?resize=1828%2C868\" alt=\"Bitcoin Price Analysis BTC Chart\" width=\"1828\" height=\"868\" srcset=\"https:\/\/uniquehot.com\/wp-content\/uploads\/2019\/07\/Bitcoin-8.png?w=1828 1828w, https:\/\/uniquehot.com\/wp-content\/uploads\/2019\/07\/Bitcoin-8.png?w=460 460w, https:\/\/uniquehot.com\/wp-content\/uploads\/2019\/07\/Bitcoin-8.png?w=768 768w, https:\/\/uniquehot.com\/wp-content\/uploads\/2019\/07\/Bitcoin-8.png?w=860 860w, https:\/\/uniquehot.com\/wp-content\/uploads\/2019\/07\/Bitcoin-8.png?w=1536 1536w, https:\/\/uniquehot.com\/wp-content\/uploads\/2019\/07\/Bitcoin-8.png?w=750 750w, https:\/\/uniquehot.com\/wp-content\/uploads\/2019\/07\/Bitcoin-8.png?w=1140 1140w\" sizes=\"(max-width: 1000px) 100vw, 1000px\"><\/a><\/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 trading with a strong bullish bias above the $12,200 and $12,500 support levels. Therefore, there are high chances of more upsides above the $13,000 level in the coming sessions. Any decline from the current levels might find a strong support near $12,600 or $12,250.<\/p>\n<p>Technical indicators:<\/p>\n<p>Hourly MACD \u2013 The MACD is gaining momentum in the bullish zone.<\/p>\n<p>Hourly RSI (Relative Strength Index) \u2013 The RSI for BTC\/USD is currently near the extreme overbought levels.<\/p>\n<p>Major Support Levels \u2013 $12,600 followed by $12,250.<\/p>\n<p>Major Resistance Levels \u2013 $11,500, $11,600 and $12,000.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>There was a strong rise in bitcoin price above the $12,000 resistance level against the US Dollar. The price broke the last swing high and traded to a new weekly high above $12,700. Yesterday\u2019s highlighted crucial contracting triangle was breached with resistance near $11,520 on the hourly chart of the BTC\/USD pair (data feed from Kraken). The bulls are currently in control and it seems like they are eyeing $13,000 or even $13,200. Bitcoin price climbed higher sharply above $12,000 and $12,500 against the US Dollar. BTC is currently showing positive signs and it could even test the $13,000 resistance. Bitcoin Price Analysis Yesterday, we saw a few positive moves in bitcoin price above the $11,000 level against the US Dollar. The BTC\/USD pair traded steadily above the $11,200 pivot level and the 100 hourly simple moving average. Moreover, there were range moves before the price started a strong upward move above the $11,500 resistance level. Once there was a close above the $11,500 level, the climbed more than 12% in the past three sessions. Moreover, yesterday\u2019s highlighted crucial contracting triangle was breached with resistance near $11,520 on the hourly chart of the BTC\/USD pair. It set the tone for a fresh rally above the $12,000 resistance level. The pair even broke the $12,500 resistance and traded close to the $12,800 level. A new weekly high was formed near $12,788 and the price is currently consolidating gains. An initial support is near the $12,600 level plus the 23.6% Fib retracement level of the recent rally from the $11,810 low to $12,788 high. On the downside, there are many important supports near the $12,500 level. If there are more losses, the $12,250 level may act as a strong support. It coincides with the 50% Fib retracement level of the recent rally from the $11,810 low to $12,788 high. On the upside, an initial resistance is near the $12,800 level. If there is an upside break, the price is likely to climb further above the $13,000 level. The next major resistance for the bulls is near the $13,200 level. Looking at the chart, bitcoin price is clearly trading with a strong bullish bias above the $12,200 and $12,500 support levels. Therefore, there are high chances of more upsides above the $13,000 level in the coming sessions. Any decline from the current levels might find a strong support near $12,600 or $12,250. Technical indicators: Hourly MACD \u2013 The MACD is gaining momentum in the bullish zone. Hourly RSI (Relative Strength Index) \u2013 The RSI for BTC\/USD is currently near the extreme overbought levels. Major Support Levels \u2013 $12,600 followed by $12,250. Major Resistance Levels \u2013 $11,500, $11,600 and $12,000.<\/p>\n","protected":false},"author":67,"featured_media":380889,"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-389234","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 Surges 12%: Bulls Aim $13K or $13.2K<\/title>\n<meta name=\"description\" content=\"Bitcoin price climbed higher sharply above $12,000 and $12,500 against the US Dollar. 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