{"id":466292,"date":"2021-06-28T03:08:02","date_gmt":"2021-06-28T03:08:02","guid":{"rendered":"https:\/\/uniquehot.com\/?p=466292"},"modified":"2024-06-11T13:56:37","modified_gmt":"2024-06-11T13:56:37","slug":"bitcoin-fresh-high-above-35k","status":"publish","type":"post","link":"https:\/\/uniquehot.com\/news\/bitcoin-fresh-high-above-35k\/","title":{"rendered":"TA: Bitcoin Gains Traction, Why BTC Could Target Fresh High Above $35K"},"content":{"rendered":"
Bitcoin price regained strength for a fresh recovery and it broke $33,500 against the US Dollar. BTC is likely to continue higher above $35,000 in the near term.<\/em><\/p>\n Bitcoin declined again, but the bulls were active<\/a> above the main $30,000 support zone. BTC formed a base above the $30,000 zone to start a fresh increase. BTC broke the $32,500 resistance to move into a positive zone.<\/p>\n There was a clear break above the 50% Fib retracement level of the downward move from the $35,460 swing high to $30,200 zone. It even cleared the $33,500 resistance zone and settled nicely above the 100 hourly simple moving average<\/a>.<\/p>\n Moreover, there was a break above a key bearish trend line with resistance near $33,300 on the hourly chart of the BTC\/USD pair. The pair even climbed above the 76.4% Fib retracement level of the downward move from the $35,460 swing high to $30,200 zone.<\/p>\n <\/a><\/p>\n The current price action is positive and it seems like bitcoin could continue to rise towards the $35,000 resistance. The next key resistance is near $35,500, above which the bulls are likely to aim a rally towards $38,000. The main resistance is still near the $40,000 zone.<\/p>\n If bitcoin fails to clear the $35,000 resistance or the $35,000 resistance, it could start a downside correction. An immediate support on the downside is near the $34,000 level.<\/p>\n The next major support is near the $33,500 level. The main support is now forming near the $33,000 level and the 100 hourly SMA. A downside break below the 100 hourly SMA could open the doors for a fresh drop towards the $30,000 zone in the coming sessions.<\/p>\n Technical indicators:<\/p>\n Hourly MACD \u2013 The MACD is now gaining pace in the bullish zone.<\/p>\n Hourly RSI (Relative Strength Index) \u2013 The RSI for BTC\/USD is now well above the 55 level.<\/p>\n Major Support Levels \u2013 $33,500, followed by $33,000.<\/p>\n Major Resistance Levels \u2013 $35,000, $35,500 and $36,500.<\/p>\n","protected":false},"excerpt":{"rendered":" Bitcoin price regained strength for a fresh recovery and it broke $33,500 against the US Dollar. BTC is likely to continue higher above $35,000 in the near term. Bitcoin started a fresh increase after the bulls defended the key $30,000 support. The price is now trading nicely above $33,500 and the 100 hourly simple moving average. There was a break above a key bearish trend line with resistance near $33,300 on the hourly chart of the BTC\/USD pair (data feed from Kraken). The pair is showing positive signs and it could soon attempt a clear break above $35,000. Bitcoin Price Turns Green Bitcoin declined again, but the bulls were active above the main $30,000 support zone. BTC formed a base above the $30,000 zone to start a fresh increase. BTC broke the $32,500 resistance to move into a positive zone. There was a clear break above the 50% Fib retracement level of the downward move from the $35,460 swing high to $30,200 zone. It even cleared the $33,500 resistance zone and settled nicely above the 100 hourly simple moving average. Moreover, there was a break above a key bearish trend line with resistance near $33,300 on the hourly chart of the BTC\/USD pair. The pair even climbed above the 76.4% Fib retracement level of the downward move from the $35,460 swing high to $30,200 zone. Source: BTCUSD on TradingView.com The current price action is positive and it seems like bitcoin could continue to rise towards the $35,000 resistance. The next key resistance is near $35,500, above which the bulls are likely to aim a rally towards $38,000. The main resistance is still near the $40,000 zone. Dips Limited in BTC? If bitcoin fails to clear the $35,000 resistance or the $35,000 resistance, it could start a downside correction. An immediate support on the downside is near the $34,000 level. The next major support is near the $33,500 level. The main support is now forming near the $33,000 level and the 100 hourly SMA. A downside break below the 100 hourly SMA could open the doors for a fresh drop towards the $30,000 zone in the coming sessions. Technical indicators: Hourly MACD \u2013 The MACD is now gaining pace in the bullish zone. Hourly RSI (Relative Strength Index) \u2013 The RSI for BTC\/USD is now well above the 55 level. Major Support Levels \u2013 $33,500, followed by $33,000. Major Resistance Levels \u2013 $35,000, $35,500 and $36,500.<\/p>\n","protected":false},"author":67,"featured_media":462414,"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-466292","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-bitcoin","tag-btcusd","tag-btcusdt","tag-xbtusd"],"acf":[],"yoast_head":"\n\n
Bitcoin Price Turns Green<\/h2>\n
Source: BTCUSD on TradingView.com<\/a><\/pre>\n
Dips Limited in BTC?<\/h2>\n