{"id":491641,"date":"2022-05-30T03:08:53","date_gmt":"2022-05-30T03:08:53","guid":{"rendered":"https:\/\/uniquehot.com\/?p=491641"},"modified":"2024-06-11T14:20:51","modified_gmt":"2024-06-11T14:20:51","slug":"bitcoin-clears-30k-again","status":"publish","type":"post","link":"https:\/\/uniquehot.com\/news\/bitcoin-clears-30k-again\/","title":{"rendered":"TA: Bitcoin Clears $30K, Why This Could Mean Trend Change"},"content":{"rendered":"
Bitcoin started a fresh increase and surpassed $30,000 against the US Dollar. BTC is showing positive signs and might rally further if it clears $30,600.<\/em><\/p>\n Bitcoin price formed a fresh base above the key $28,500 support zone<\/a>. It remained well bid and started a fresh increase above the $29,200 resistance zone.<\/p>\n The price cleared the 50% Fib retracement level of the downward move from the $30,188 swing high to $27,505 low. Besides, there was a break above a major bearish trend line with resistance near $29,200 on the hourly chart of the BTC\/USD pair. Download Bitcoin Miner Awesom Miner Official for Windows<\/a>. Safe install and earn ETH\/BTC.<\/p>\n The pair is now trading above the $29,500 level and the 100 hourly simple moving average<\/a>. Bitcoin is also trading above the 76.4% Fib retracement level of the downward move from the $30,188 swing high to $27,505 low.<\/p>\n <\/a><\/p>\n An immediate resistance on the upside is near the $30,250 level. The next major resistance is near the $30,600 level. A clear move above the $30,600 resistance level might call for a trend change. In the stated case, the price could even clear the $31,200 resistance. The next major resistance sits near the $32,500 level.<\/p>\n If bitcoin fails to clear the $30,600 resistance zone, it could start a downside correction. An immediate support on the downside is near the $30,000 level.<\/p>\n\n
Bitcoin Price Gains Pace<\/h2>\n
Source: BTCUSD on TradingView.com<\/a><\/pre>\n
Fresh Decline in BTC?<\/h2>\n