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{"id":433016,"date":"2020-08-02T04:18:22","date_gmt":"2020-08-02T04:18:22","guid":{"rendered":"https:\/\/uniquehot.com\/?p=433016"},"modified":"2024-06-11T14:05:57","modified_gmt":"2024-06-11T14:05:57","slug":"bitcoin-btc-breaks-12000","status":"publish","type":"post","link":"https:\/\/uniquehot.com\/news\/bitcoin-btc-breaks-12000\/","title":{"rendered":"Bitcoin Just Broke $12,000, As Bulls Take Over Crypto Market"},"content":{"rendered":"

Bitcoin is up over 5% and it surged above the $11,500 resistance zone against the US Dollar. BTC touched the $12,000 market and it seems like the bulls are taking over the crypto market.<\/em><\/p>\n

\n
Bitcoin is gaining bullish momentum and it broke the $11,500 resistance zone.<\/li>\n
The price even traded above the $11,800 level and settled above the 100 simple moving average (4-hours).<\/li>\n
There was a break above a crucial contracting triangle with resistance near $11,260 on the 4-hours chart of the BTC\/USD pair (data feed from Kraken).<\/li>\n
The pair is trading in a strong uptrend and it could even surge above $12,200.<\/li>\n<\/ul>\n
Bitcoin Breaks $12,000<\/h2>\n
In the past few days, there was a strong increase in bitcoin, Ethereum<\/a> and ripple<\/a> against the US Dollar. BTC even settled above the $11,200 level and the 100 simple moving average (4-hours).<\/p>\n
It opened the doors for more gains and the price recently surged above the $11,500 level. The bulls gained strength and the price rocketed above the $11,800 barrier. It even touched to a new multi-month high at $12,000 and it seems like the price might continue to rise.<\/p>\n
To start the increase, there was a break above a crucial contracting triangle with resistance near $11,260 on the 4-hours chart of the BTC\/USD pair. The pair is currently trading in a nice uptrend, with an immediate support near the $11,800 level.<\/p>\n
$\"Bitcoin\"$ <\/a><\/p>\n
Bitcoin price breaks $12,000. Source: TradingView.com<\/a><\/pre>\n
The 23.6% Fib retracement level of the recent surge from the $11,249 swing low to $12,000 high is also near the $11,800 zone. The main support is now forming near the $11,600 level and a connecting bullish trend line on the same chart.<\/p>\n
On the upside, a successful daily close above the $12,000 level may perhaps open the doors for a sharp increase above the $12,200 and $12,400 levels in the coming sessions. The next major resistance could be $12,800.<\/p>\n
Dips Could Be Limited in BTC<\/h2>\n
If bitcoin starts a downside correction, it is likely to find buyers near $11,800 or $11,600. The 50% Fib retracement level of the recent surge from the $11,249 swing low to $12,000 high is also near $11,614.<\/p>\n
A downside break below the $11,600 and $11,500 support levels may perhaps open the doors for a larger decline towards the $11,200 support zone.<\/p>\n
Technical indicators<\/p>\n
4 hours MACD \u2013 The MACD for BTC\/USD is gaining strong momentum in the bullish zone.<\/p>\n
4 hours RSI (Relative Strength Index) \u2013 The RSI for BTC\/USD is currently well above the 70 level.<\/p>\n
Major Support Level \u2013 $11,600<\/p>\n
Major Resistance Level \u2013 $12,000<\/p>\n","protected":false},"excerpt":{"rendered":"
Bitcoin is up over 5% and it surged above the $11,500 resistance zone against the US Dollar. BTC touched the $12,000 market and it seems like the bulls are taking over the crypto market. Bitcoin is gaining bullish momentum and it broke the $11,500 resistance zone. The price even traded above the $11,800 level and settled above the 100 simple moving average (4-hours). There was a break above a crucial contracting triangle with resistance near $11,260 on the 4-hours chart of the BTC\/USD pair (data feed from Kraken). The pair is trading in a strong uptrend and it could even surge above $12,200. Bitcoin Breaks $12,000 In the past few days, there was a strong increase in bitcoin, Ethereum and ripple against the US Dollar. BTC even settled above the $11,200 level and the 100 simple moving average (4-hours). It opened the doors for more gains and the price recently surged above the $11,500 level. The bulls gained strength and the price rocketed above the $11,800 barrier. It even touched to a new multi-month high at $12,000 and it seems like the price might continue to rise. To start the increase, there was a break above a crucial contracting triangle with resistance near $11,260 on the 4-hours chart of the BTC\/USD pair. The pair is currently trading in a nice uptrend, with an immediate support near the $11,800 level. Bitcoin price breaks $12,000. Source: TradingView.com The 23.6% Fib retracement level of the recent surge from the $11,249 swing low to $12,000 high is also near the $11,800 zone. The main support is now forming near the $11,600 level and a connecting bullish trend line on the same chart. On the upside, a successful daily close above the $12,000 level may perhaps open the doors for a sharp increase above the $12,200 and $12,400 levels in the coming sessions. The next major resistance could be $12,800. Dips Could Be Limited in BTC If bitcoin starts a downside correction, it is likely to find buyers near $11,800 or $11,600. The 50% Fib retracement level of the recent surge from the $11,249 swing low to $12,000 high is also near $11,614. A downside break below the $11,600 and $11,500 support levels may perhaps open the doors for a larger decline towards the $11,200 support zone. Technical indicators 4 hours MACD \u2013 The MACD for BTC\/USD is gaining strong momentum in the bullish zone. 4 hours RSI (Relative Strength Index) \u2013 The RSI for BTC\/USD is currently well above the 70 level. Major Support Level \u2013 $11,600 Major Resistance Level \u2013 $12,000<\/p>\n","protected":false},"author":67,"featured_media":433018,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[5651,3,4],"tags":[428,1144,78790,76835],"class_list":["post-433016","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-bitcoin","category-news","category-analysis","tag-bitcoin","tag-btcusd","tag-btcusdt","tag-xbtusd"],"acf":[],"yoast_head":"\nBitcoin Just Broke $12,000, As Bulls Take Over Crypto Market<\/title>\n<meta name=\"description\" content=\"Bitcoin is up over 5% and it surged above the $11,500 resistance zone against the US Dollar. 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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:\/\/uniquehot.com\/author\/aayushjindal\/"}]}},"parsely":{"version":"1.1.0","meta":{"@context":"https:\/\/schema.org","@type":"NewsArticle","headline":"Bitcoin Just Broke $12,000, As Bulls Take Over Crypto Market","url":"http:\/\/uniquehot.com\/news\/bitcoin-btc-breaks-12000\/","mainEntityOfPage":{"@type":"WebPage","@id":"http:\/\/uniquehot.com\/news\/bitcoin-btc-breaks-12000\/"},"thumbnailUrl":"https:\/\/uniquehot.com\/wp-content\/uploads\/2020\/08\/bitcoin_price_btc_1.jpg?resize=200%2C200","image":{"@type":"ImageObject","url":"https:\/\/uniquehot.com\/wp-content\/uploads\/2020\/08\/bitcoin_price_btc_1.jpg?fit=1000%2C667"},"articleSection":"Bitcoin","author":[{"@type":"Person","name":"Aayush Jindal"}],"creator":["Aayush Jindal"],"publisher":{"@type":"Organization","name":"NewsBTC","logo":"https:\/\/uniquehot.com\/wp-content\/uploads\/2020\/06\/cropped-cropped-cropped-favicon.png?w=32"},"keywords":["bitcoin","btcusd","btcusdt","xbtusd"],"dateCreated":"2020-08-02T04:18:22Z","datePublished":"2020-08-02T04:18:22Z","dateModified":"2024-06-11T14:05:57Z"},"rendered":"<script type=\"application\/ld+json\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@type\":\"NewsArticle\",\"headline\":\"Bitcoin Just Broke $12,000, As Bulls Take Over Crypto Market\",\"url\":\"http:\\\/\\\/uniquehot.com\\\/news\\\/bitcoin-btc-breaks-12000\\\/\",\"mainEntityOfPage\":{\"@type\":\"WebPage\",\"@id\":\"http:\\\/\\\/uniquehot.com\\\/news\\\/bitcoin-btc-breaks-12000\\\/\"},\"thumbnailUrl\":\"https:\\\/\\\/uniquehot.com\\\/wp-content\\\/uploads\\\/2020\\\/08\\\/bitcoin_price_btc_1.jpg?resize=200%2C200\",\"image\":{\"@type\":\"ImageObject\",\"url\":\"https:\\\/\\\/uniquehot.com\\\/wp-content\\\/uploads\\\/2020\\\/08\\\/bitcoin_price_btc_1.jpg?fit=1000%2C667\"},\"articleSection\":\"Bitcoin\",\"author\":[{\"@type\":\"Person\",\"name\":\"Aayush Jindal\"}],\"creator\":[\"Aayush Jindal\"],\"publisher\":{\"@type\":\"Organization\",\"name\":\"NewsBTC\",\"logo\":\"https:\\\/\\\/uniquehot.com\\\/wp-content\\\/uploads\\\/2020\\\/06\\\/cropped-cropped-cropped-favicon.png?w=32\"},\"keywords\":[\"bitcoin\",\"btcusd\",\"btcusdt\",\"xbtusd\"],\"dateCreated\":\"2020-08-02T04:18:22Z\",\"datePublished\":\"2020-08-02T04:18:22Z\",\"dateModified\":\"2024-06-11T14:05:57Z\"}<\/script>","tracker_url":"https:\/\/cdn.parsely.com\/keys\/uniquehot.com\/p.js"},"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"https:\/\/uniquehot.com\/wp-content\/uploads\/2020\/08\/bitcoin_price_btc_1.jpg?fit=1000%2C667","amp_enabled":true,"_links":{"self":[{"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/posts\/433016"}],"collection":[{"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/users\/67"}],"replies":[{"embeddable":true,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/comments?post=433016"}],"version-history":[{"count":0,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/posts\/433016\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/media\/433018"}],"wp:attachment":[{"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/media?parent=433016"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/categories?post=433016"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/tags?post=433016"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}