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{"id":496330,"date":"2022-07-21T03:08:21","date_gmt":"2022-07-21T03:08:21","guid":{"rendered":"https:\/\/uniquehot.com\/?p=496330"},"modified":"2024-06-11T14:21:46","modified_gmt":"2024-06-11T14:21:46","slug":"bitcoin-price-breaks-24k","status":"publish","type":"post","link":"https:\/\/uniquehot.com\/news\/bitcoin-price-breaks-24k\/","title":{"rendered":"TA: Bitcoin Price Breaks $24K, Why BTC Could Rise Further To $25K"},"content":{"rendered":"

Bitcoin gained pace and cleared the $24,000 resistance against the US Dollar. BTC could rise further towards $25,000 if it stays above the $23,000 support.<\/em><\/p>\n

\n
Bitcoin remained in a positive zone and climbed above the $24,000 resistance zone.<\/li>\n
The price is now trading above the $23,000 level and testing the 100 hourly simple moving average.<\/li>\n
There is a key bullish trend line forming with support near $23,200 on the hourly chart of the BTC\/USD pair (data feed from Kraken).<\/li>\n
The pair might continue to rise if it clears the $23,750 and $24,000 levels.<\/li>\n<\/ul>\n
Bitcoin Price Remains In Uptrend<\/h2>\n
Bitcoin price started a steady increase<\/a> after it cleared the $23,000 resistance zone. BTC gained pace for a move above the $23,500 resistance level.<\/p>\n
The price even broke the $23,750 level and settled above the 100 hourly simple moving average. Finally, it spiked above the $24,000 level. A high was formed near $24,264 and the price is now consolidating gains<\/a>. There was a minor downside correction below the $23,750 level.<\/p>\n
Bitcoin traded below the 38.2% Fib retracement level of the upward move from the $21,405 swing low to $24,264 high. However, the bulls were active near the $23,000 support zone.<\/p>\n
There is also a key bullish trend line forming with support near $23,200 on the hourly chart of the BTC\/USD pair. On the upside, bitcoin price could face resistance near the $23,750 level. The next key resistance is near the $24,000 zone.<\/p>\n
$\"Bitcoin$ <\/a><\/p>\n
Source: BTCUSD on TradingView.com<\/a><\/pre>\n
A close above the $24,000 resistance zone could set the pace for more gains. In the stated case, the price may perhaps rise towards the $24,500 level. The next major resistance sits near the $25,000 level.<\/p>\n
Dips Supported in BTC?<\/h2>\n
If bitcoin fails to clear the $23,750 resistance zone, it could start a downside correction. An immediate support on the downside is near the $23,200 level.<\/p>\n
The next major support now sits near the $23,000 level and the trend line zone. It is also close to the 50% Fib retracement level of the upward move from the $21,405 swing low to $24,264 high. A clear move below the trend line support might send the price towards $22,250 and the 100 hourly SMA.<\/p>\n
Technical indicators:<\/p>\n
Hourly MACD \u2013 The MACD is now losing pace in the bullish zone.<\/p>\n
Hourly RSI (Relative Strength Index) \u2013 The RSI for BTC\/USD is now above the 50 level.<\/p>\n
Major Support Levels \u2013 $23,000, followed by $22,750.<\/p>\n
Major Resistance Levels \u2013 $23,750, $24,000 and $25,000.<\/p>\n","protected":false},"excerpt":{"rendered":"
Bitcoin gained pace and cleared the $24,000 resistance against the US Dollar. BTC could rise further towards $25,000 if it stays above the $23,000 support. Bitcoin remained in a positive zone and climbed above the $24,000 resistance zone. The price is now trading above the $23,000 level and testing the 100 hourly simple moving average. There is a key bullish trend line forming with support near $23,200 on the hourly chart of the BTC\/USD pair (data feed from Kraken). The pair might continue to rise if it clears the $23,750 and $24,000 levels. Bitcoin Price Remains In Uptrend Bitcoin price started a steady increase after it cleared the $23,000 resistance zone. BTC gained pace for a move above the $23,500 resistance level. The price even broke the $23,750 level and settled above the 100 hourly simple moving average. Finally, it spiked above the $24,000 level. A high was formed near $24,264 and the price is now consolidating gains. There was a minor downside correction below the $23,750 level. Bitcoin traded below the 38.2% Fib retracement level of the upward move from the $21,405 swing low to $24,264 high. However, the bulls were active near the $23,000 support zone. There is also a key bullish trend line forming with support near $23,200 on the hourly chart of the BTC\/USD pair. On the upside, bitcoin price could face resistance near the $23,750 level. The next key resistance is near the $24,000 zone. Source: BTCUSD on TradingView.com A close above the $24,000 resistance zone could set the pace for more gains. In the stated case, the price may perhaps rise towards the $24,500 level. The next major resistance sits near the $25,000 level. Dips Supported in BTC? If bitcoin fails to clear the $23,750 resistance zone, it could start a downside correction. An immediate support on the downside is near the $23,200 level. The next major support now sits near the $23,000 level and the trend line zone. It is also close to the 50% Fib retracement level of the upward move from the $21,405 swing low to $24,264 high. A clear move below the trend line support might send the price towards $22,250 and the 100 hourly SMA. Technical indicators: Hourly MACD \u2013 The MACD is now losing pace in the bullish zone. Hourly RSI (Relative Strength Index) \u2013 The RSI for BTC\/USD is now above the 50 level. Major Support Levels \u2013 $23,000, followed by $22,750. Major Resistance Levels \u2013 $23,750, $24,000 and $25,000.<\/p>\n","protected":false},"author":67,"featured_media":460511,"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-496330","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 Breaks $24K, Why BTC Could Rise Further To $25K<\/title>\n<meta name=\"description\" content=\"Bitcoin gained pace and cleared the $24,000 resistance 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 Breaks $24K, Why BTC Could Rise Further To $25K","url":"http:\/\/uniquehot.com\/news\/bitcoin-price-breaks-24k\/","mainEntityOfPage":{"@type":"WebPage","@id":"http:\/\/uniquehot.com\/news\/bitcoin-price-breaks-24k\/"},"thumbnailUrl":"https:\/\/uniquehot.com\/wp-content\/uploads\/2021\/04\/shutterstock_271071575.jpg?resize=200%2C200","image":{"@type":"ImageObject","url":"https:\/\/uniquehot.com\/wp-content\/uploads\/2021\/04\/shutterstock_271071575.jpg?fit=1000%2C665"},"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":"2022-07-21T03:08:21Z","datePublished":"2022-07-21T03:08:21Z","dateModified":"2024-06-11T14:21:46Z"},"rendered":"<script type=\"application\/ld+json\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@type\":\"NewsArticle\",\"headline\":\"TA: Bitcoin Price Breaks $24K, Why BTC Could Rise Further To $25K\",\"url\":\"http:\\\/\\\/uniquehot.com\\\/news\\\/bitcoin-price-breaks-24k\\\/\",\"mainEntityOfPage\":{\"@type\":\"WebPage\",\"@id\":\"http:\\\/\\\/uniquehot.com\\\/news\\\/bitcoin-price-breaks-24k\\\/\"},\"thumbnailUrl\":\"https:\\\/\\\/uniquehot.com\\\/wp-content\\\/uploads\\\/2021\\\/04\\\/shutterstock_271071575.jpg?resize=200%2C200\",\"image\":{\"@type\":\"ImageObject\",\"url\":\"https:\\\/\\\/uniquehot.com\\\/wp-content\\\/uploads\\\/2021\\\/04\\\/shutterstock_271071575.jpg?fit=1000%2C665\"},\"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\":\"2022-07-21T03:08:21Z\",\"datePublished\":\"2022-07-21T03:08:21Z\",\"dateModified\":\"2024-06-11T14:21:46Z\"}<\/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\/2021\/04\/shutterstock_271071575.jpg?fit=1000%2C665","amp_enabled":true,"_links":{"self":[{"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/posts\/496330"}],"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=496330"}],"version-history":[{"count":0,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/posts\/496330\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/media\/460511"}],"wp:attachment":[{"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/media?parent=496330"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/categories?post=496330"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/tags?post=496330"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}