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{"id":509084,"date":"2022-11-18T03:06:38","date_gmt":"2022-11-18T03:06:38","guid":{"rendered":"https:\/\/uniquehot.com\/?p=509084"},"modified":"2024-06-11T14:28:20","modified_gmt":"2024-06-11T14:28:20","slug":"bitcoin-price-prediction-17k","status":"publish","type":"post","link":"https:\/\/uniquehot.com\/news\/bitcoin-price-prediction-17k\/","title":{"rendered":"Bitcoin Price Prediction: Is the Recovery Just Getting Started?"},"content":{"rendered":"

Bitcoin price is slowly moving higher above the $16,750 resistance zone. BTC could gain bullish momentum if it settles above the $17,000 resistance zone.<\/em><\/p>\n

\n
Bitcoin is slowly gaining pace from the $16,350 and $16,000 support levels.<\/li>\n
The price is trading above $16,500 and the 100 hourly simple moving average.<\/li>\n
There was a break above a key bearish trend line with resistance near $16,600 on the hourly chart of the BTC\/USD pair (data feed from Kraken).<\/li>\n
The pair could start a steady increase if there is a close above the $17,000 resistance zone.<\/li>\n<\/ul>\n
Bitcoin Price Starts Recovery<\/h2>\n
Bitcoin price corrected lower<\/a> below the $16,600 and $16,500 levels. However, BTC remained well bid above the $16,350 support zone. A low was formed near $16,370 and the price started a slow recovery wave.<\/p>\n
There was a move above the $16,500 and $16,600 resistance levels. The price cleared the 50% Fib retracement level of the recent decline from the $17,098 swing high to $16,370 low. Besides, there was a break above a key bearish trend line with resistance near $16,600 on the hourly chart of the BTC\/USD pair.<\/p>\n
Bitcoin price is now trading above $16,500 and the 100 hourly simple moving average<\/a>. On the upside, an immediate resistance is near the $16,950 level. It is near the 76.4% Fib retracement level of the recent decline from the $17,098 swing high to $16,370 low.<\/p>\n
$\"Bitcoin$ <\/a><\/p>\n
Source: BTCUSD on TradingView.com<\/a><\/p>\n
The first major resistance is near the $17,000 zone. A close above the $17,000 resistance could set the pace for a steady recovery wave. The next major resistance is near $17,500, above which the price could gain pace for a move towards the $18,000 zone.<\/p>\n
Fresh Decline in BTC?<\/h2>\n
If bitcoin fails to gain pace above the $17,000 resistance zone, it could start a fresh decline. An immediate support on the downside is near the $16,700 level and the 100 hourly SMA.<\/p>\n
The next major support is near the $16,350 zone, below which the price might test the main support at $16,000. A clear move below the $16,000 support might send the price further lower.<\/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 above the 50 level.<\/p>\n
Major Support Levels \u2013 $16,350, followed by $16,000.<\/p>\n
Major Resistance Levels \u2013 $17,000, $17,500 and $18,000.<\/p>\n","protected":false},"excerpt":{"rendered":"
Bitcoin price is slowly moving higher above the $16,750 resistance zone. BTC could gain bullish momentum if it settles above the $17,000 resistance zone. Bitcoin is slowly gaining pace from the $16,350 and $16,000 support levels. The price is trading above $16,500 and the 100 hourly simple moving average. There was a break above a key bearish trend line with resistance near $16,600 on the hourly chart of the BTC\/USD pair (data feed from Kraken). The pair could start a steady increase if there is a close above the $17,000 resistance zone. Bitcoin Price Starts Recovery Bitcoin price corrected lower below the $16,600 and $16,500 levels. However, BTC remained well bid above the $16,350 support zone. A low was formed near $16,370 and the price started a slow recovery wave. There was a move above the $16,500 and $16,600 resistance levels. The price cleared the 50% Fib retracement level of the recent decline from the $17,098 swing high to $16,370 low. Besides, there was a break above a key bearish trend line with resistance near $16,600 on the hourly chart of the BTC\/USD pair. Bitcoin price is now trading above $16,500 and the 100 hourly simple moving average. On the upside, an immediate resistance is near the $16,950 level. It is near the 76.4% Fib retracement level of the recent decline from the $17,098 swing high to $16,370 low. Source: BTCUSD on TradingView.com The first major resistance is near the $17,000 zone. A close above the $17,000 resistance could set the pace for a steady recovery wave. The next major resistance is near $17,500, above which the price could gain pace for a move towards the $18,000 zone. Fresh Decline in BTC? If bitcoin fails to gain pace above the $17,000 resistance zone, it could start a fresh decline. An immediate support on the downside is near the $16,700 level and the 100 hourly SMA. The next major support is near the $16,350 zone, below which the price might test the main support at $16,000. A clear move below the $16,000 support might send the price further lower. 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 above the 50 level. Major Support Levels \u2013 $16,350, followed by $16,000. Major Resistance Levels \u2013 $17,000, $17,500 and $18,000.<\/p>\n","protected":false},"author":67,"featured_media":460635,"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":[428,679,1144,78790,76835],"class_list":["post-509084","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-bitcoin","tag-bitcoin-price","tag-btcusd","tag-btcusdt","tag-xbtusd"],"acf":[],"yoast_head":"\nBitcoin Price Prediction: Is the Recovery Just Getting Started?<\/title>\n<meta name=\"description\" content=\"Bitcoin price is slowly moving higher above the $16,750 resistance zone. 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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":"Bitcoin Price Prediction: Is the Recovery Just Getting Started?","url":"http:\/\/uniquehot.com\/news\/bitcoin-price-prediction-17k\/","mainEntityOfPage":{"@type":"WebPage","@id":"http:\/\/uniquehot.com\/news\/bitcoin-price-prediction-17k\/"},"thumbnailUrl":"https:\/\/uniquehot.com\/wp-content\/uploads\/2021\/04\/shutterstock_587323760.jpg?resize=200%2C200","image":{"@type":"ImageObject","url":"https:\/\/uniquehot.com\/wp-content\/uploads\/2021\/04\/shutterstock_587323760.jpg?fit=1000%2C745"},"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","bitcoin price","btcusd","btcusdt","xbtusd"],"dateCreated":"2022-11-18T03:06:38Z","datePublished":"2022-11-18T03:06:38Z","dateModified":"2024-06-11T14:28:20Z"},"rendered":"<script type=\"application\/ld+json\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@type\":\"NewsArticle\",\"headline\":\"Bitcoin Price Prediction: Is the Recovery Just Getting Started?\",\"url\":\"http:\\\/\\\/uniquehot.com\\\/news\\\/bitcoin-price-prediction-17k\\\/\",\"mainEntityOfPage\":{\"@type\":\"WebPage\",\"@id\":\"http:\\\/\\\/uniquehot.com\\\/news\\\/bitcoin-price-prediction-17k\\\/\"},\"thumbnailUrl\":\"https:\\\/\\\/uniquehot.com\\\/wp-content\\\/uploads\\\/2021\\\/04\\\/shutterstock_587323760.jpg?resize=200%2C200\",\"image\":{\"@type\":\"ImageObject\",\"url\":\"https:\\\/\\\/uniquehot.com\\\/wp-content\\\/uploads\\\/2021\\\/04\\\/shutterstock_587323760.jpg?fit=1000%2C745\"},\"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\",\"bitcoin price\",\"btcusd\",\"btcusdt\",\"xbtusd\"],\"dateCreated\":\"2022-11-18T03:06:38Z\",\"datePublished\":\"2022-11-18T03:06:38Z\",\"dateModified\":\"2024-06-11T14:28:20Z\"}<\/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_587323760.jpg?fit=1000%2C745","amp_enabled":true,"_links":{"self":[{"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/posts\/509084"}],"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=509084"}],"version-history":[{"count":0,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/posts\/509084\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/media\/460635"}],"wp:attachment":[{"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/media?parent=509084"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/categories?post=509084"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/tags?post=509084"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}