{"id":491872,"date":"2022-06-01T03:08:46","date_gmt":"2022-06-01T03:08:46","guid":{"rendered":"https:\/\/uniquehot.com\/?p=491872"},"modified":"2024-06-11T12:52:21","modified_gmt":"2024-06-11T12:52:21","slug":"bitcoin-price-supported-30-8k","status":"publish","type":"post","link":"https:\/\/uniquehot.com\/news\/bitcoin-price-supported-30-8k\/","title":{"rendered":"TA: Bitcoin Price Remains Supported, $30.8K Holds The Key"},"content":{"rendered":"
Bitcoin remained in a positive zone above $31,200 against the US Dollar. BTC could correct lower, but the bulls might remain active near $30,800.<\/em><\/p>\n Bitcoin price extended increase<\/a> above the $31,000 zone. It even broke the $32,000 resistance on a couple of occasions, but the bears protected more gains above $32,200.<\/p>\n The recent swing high was formed near $32,400 before the price started a downside correction. There was a move below the $32,000 level. The price corrected and tested the 23.6% Fib retracement level of the upward move from the $29,085 swing low to $32,400 high. Download Bitcoin Miner Awesom Miner Official for Windows<\/a>. Safe install and earn ETH\/BTC.<\/p>\n It is now testing the $31,800 zone. There is also a key bullish trend line forming with support near $31,800 on the hourly chart of the BTC\/USD pair. Bitcoin is also well above the $31,200 level and the 100 hourly simple moving average<\/a>.<\/p>\n <\/a><\/p>\n An immediate resistance on the upside is near the $32,000 level. The next major resistance is near the $32,200 and $32,400 levels. A clear move above the $32,400 resistance level could start another increase. In the stated case, the price could rise towards the $32,500 resistance. The next major resistance sits near the $33,400 level.<\/p>\n If bitcoin fails to clear the $32,400 resistance zone, it could start a downside correction. An immediate support on the downside is near the $31,800 level and the trend line. A downside break below the trend line could send the price towards the $30,800 support.<\/p>\n\n
Bitcoin Price Faces Key Resistance<\/h2>\n
Source: BTCUSD on TradingView.com<\/a><\/pre>\n
Dips Supported in BTC?<\/h2>\n