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{"id":453295,"date":"2020-12-30T03:38:38","date_gmt":"2020-12-30T03:38:38","guid":{"rendered":"https:\/\/uniquehot.com\/?p=453295"},"modified":"2024-06-11T14:12:21","modified_gmt":"2024-06-11T14:12:21","slug":"bitcoin-price-btc-could-surge-to-30k","status":"publish","type":"post","link":"https:\/\/uniquehot.com\/news\/bitcoin-price-btc-could-surge-to-30k\/","title":{"rendered":"TA: Bitcoin Price Regains Strength, Why BTC Could Surge To $30K"},"content":{"rendered":"

Bitcoin price formed a strong support base above $26,000 and started a fresh increase against the US Dollar. BTC is gaining momentum and it is likely to break $28,000 and $28,400.<\/em><\/p>\n

\n
Bitcoin is showing a lot of positive signs above the $27,000 and $27,300 resistance levels.<\/li>\n
The price is currently trading above the $27,500 support and the 100 hourly simple moving average.<\/li>\n
There was a break above a major bearish trend line with resistance near $26,800 on the hourly chart of the BTC\/USD pair (data feed from Kraken).<\/li>\n
The pair is likely to continue higher above $28,000 in the coming sessions.<\/li>\n<\/ul>\n
Bitcoin Price Breaks $27,300<\/h2>\n
After a short-term downside correction<\/a>, bitcoin price found support near the $26,000 zone. BTC likely formed a double bottom pattern near $25,800 and started a fresh increase.<\/p>\n
It broke many hurdles near $26,400 and $27,000 to move into a positive zone. There was a clear break above the key $27,300 resistance zone and the price settled above the 100 hourly simple moving average<\/a>. There was also a break above a major bearish trend line with resistance near $26,800 on the hourly chart of the BTC\/USD pair.<\/p>\n
Bitcoin price even cleared the 61.8% Fib retracement level of the downside correction from the $28,389 swing high to $25,782 low. It is showing a lot of positive signs above the $27,300 and $27,500 levels.<\/p>\n
$\"Bitcoin$ <\/a><\/p>\n
Source: BTCUSD on TradingView.com<\/a><\/pre>\n
The price is rising and trading just above the 76.4% Fib retracement level of the downside correction from the $28,389 swing high to $25,782 low. It seems like there are chances of a sustained upward move above the $28,000 resistance zone.<\/p>\n
Any more upsides might clear the path for a fresh all-time high above the $28,400 level. In the stated case, the price could even rally towards the $30,000 level.<\/p>\n
Dips Supported in BTC?<\/h2>\n
If bitcoin starts another downside correction, it is likely to find support near the $27,300 zone (the recent breakout zone) or the $27,200 level.<\/p>\n
The next major support is near the $26,500 level and the 100 hourly SMA. Any more losses could lead the price back towards the key $26,000 support zone in the coming sessions.<\/p>\n
Technical indicators:<\/p>\n
Hourly MACD \u2013 The MACD is gaining momentum in the bullish zone.<\/p>\n
Hourly RSI (Relative Strength Index) \u2013 The RSI for BTC\/USD is currently well above the 50 level.<\/p>\n
Major Support Levels \u2013 $27,300, followed by $27,000.<\/p>\n
Major Resistance Levels \u2013 $28,000, $28,400 and $29,200.<\/p>\n","protected":false},"excerpt":{"rendered":"
Bitcoin price formed a strong support base above $26,000 and started a fresh increase against the US Dollar. BTC is gaining momentum and it is likely to break $28,000 and $28,400. Bitcoin is showing a lot of positive signs above the $27,000 and $27,300 resistance levels. The price is currently trading above the $27,500 support and the 100 hourly simple moving average. There was a break above a major bearish trend line with resistance near $26,800 on the hourly chart of the BTC\/USD pair (data feed from Kraken). The pair is likely to continue higher above $28,000 in the coming sessions. Bitcoin Price Breaks $27,300 After a short-term downside correction, bitcoin price found support near the $26,000 zone. BTC likely formed a double bottom pattern near $25,800 and started a fresh increase. It broke many hurdles near $26,400 and $27,000 to move into a positive zone. There was a clear break above the key $27,300 resistance zone and the price settled above the 100 hourly simple moving average. There was also a break above a major bearish trend line with resistance near $26,800 on the hourly chart of the BTC\/USD pair. Bitcoin price even cleared the 61.8% Fib retracement level of the downside correction from the $28,389 swing high to $25,782 low. It is showing a lot of positive signs above the $27,300 and $27,500 levels. Source: BTCUSD on TradingView.com The price is rising and trading just above the 76.4% Fib retracement level of the downside correction from the $28,389 swing high to $25,782 low. It seems like there are chances of a sustained upward move above the $28,000 resistance zone. Any more upsides might clear the path for a fresh all-time high above the $28,400 level. In the stated case, the price could even rally towards the $30,000 level. Dips Supported in BTC? If bitcoin starts another downside correction, it is likely to find support near the $27,300 zone (the recent breakout zone) or the $27,200 level. The next major support is near the $26,500 level and the 100 hourly SMA. Any more losses could lead the price back towards the key $26,000 support zone in the coming sessions. 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 well above the 50 level. Major Support Levels \u2013 $27,300, followed by $27,000. Major Resistance Levels \u2013 $28,000, $28,400 and $29,200.<\/p>\n","protected":false},"author":67,"featured_media":453297,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[3],"tags":[428,1144,78790,76835],"class_list":["post-453295","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-bitcoin","tag-btcusd","tag-btcusdt","tag-xbtusd"],"acf":[],"yoast_head":"\nTA: Bitcoin Price Regains Strength, Why BTC Could Surge To $30K<\/title>\n<meta name=\"description\" content=\"Bitcoin price started a fresh increase above $27,300 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":"TA: Bitcoin Price Regains Strength, Why BTC Could Surge To $30K","url":"http:\/\/uniquehot.com\/news\/bitcoin-price-btc-could-surge-to-30k\/","mainEntityOfPage":{"@type":"WebPage","@id":"http:\/\/uniquehot.com\/news\/bitcoin-price-btc-could-surge-to-30k\/"},"thumbnailUrl":"https:\/\/uniquehot.com\/wp-content\/uploads\/2020\/12\/Depositphotos_228885008_s-2019-1.jpg?resize=200%2C200","image":{"@type":"ImageObject","url":"https:\/\/uniquehot.com\/wp-content\/uploads\/2020\/12\/Depositphotos_228885008_s-2019-1.jpg?fit=1000%2C667"},"articleSection":"Cryptocurrency Market News","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":"2020-12-30T03:38:38Z","datePublished":"2020-12-30T03:38:38Z","dateModified":"2024-06-11T14:12:21Z"},"rendered":"<script type=\"application\/ld+json\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@type\":\"NewsArticle\",\"headline\":\"TA: Bitcoin Price Regains Strength, Why BTC Could Surge To $30K\",\"url\":\"http:\\\/\\\/uniquehot.com\\\/news\\\/bitcoin-price-btc-could-surge-to-30k\\\/\",\"mainEntityOfPage\":{\"@type\":\"WebPage\",\"@id\":\"http:\\\/\\\/uniquehot.com\\\/news\\\/bitcoin-price-btc-could-surge-to-30k\\\/\"},\"thumbnailUrl\":\"https:\\\/\\\/uniquehot.com\\\/wp-content\\\/uploads\\\/2020\\\/12\\\/Depositphotos_228885008_s-2019-1.jpg?resize=200%2C200\",\"image\":{\"@type\":\"ImageObject\",\"url\":\"https:\\\/\\\/uniquehot.com\\\/wp-content\\\/uploads\\\/2020\\\/12\\\/Depositphotos_228885008_s-2019-1.jpg?fit=1000%2C667\"},\"articleSection\":\"Cryptocurrency Market News\",\"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\":\"2020-12-30T03:38:38Z\",\"datePublished\":\"2020-12-30T03:38:38Z\",\"dateModified\":\"2024-06-11T14:12:21Z\"}<\/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\/12\/Depositphotos_228885008_s-2019-1.jpg?fit=1000%2C667","amp_enabled":true,"_links":{"self":[{"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/posts\/453295","targetHints":{"allow":["GET"]}}],"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=453295"}],"version-history":[{"count":0,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/posts\/453295\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/media\/453297"}],"wp:attachment":[{"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/media?parent=453295"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/categories?post=453295"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/tags?post=453295"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}