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{"id":513487,"date":"2022-12-22T21:45:50","date_gmt":"2022-12-23T02:45:50","guid":{"rendered":"https:\/\/uniquehot.com\/?p=513487"},"modified":"2024-06-11T09:17:58","modified_gmt":"2024-06-11T09:17:58","slug":"bitcoin-price-shows-life-17k","status":"publish","type":"post","link":"https:\/\/uniquehot.com\/news\/bitcoin-price-shows-life-17k\/","title":{"rendered":"Bitcoin Price Shows Signs of Life and Could Soon Clear This Hurdle"},"content":{"rendered":"

Bitcoin price is attempting an upside break above $16,800. BTC could start a decent increase if it clears the $16,800 and $17,000 resistance levels.<\/em><\/p>\n

\n
Bitcoin is still facing a strong resistance near $17,000 and $17,200.<\/li>\n
The price is trading above $16,700 and the 100 hourly simple moving average.<\/li>\n
There is a key bearish trend line forming with resistance near $16,800 on the hourly chart of the BTC\/USD pair (data feed from Kraken).<\/li>\n
The pair could attempt a fresh increase if there is a clear move above the $17,000 resistance zone.<\/li>\n<\/ul>\n
Bitcoin Price Eyes Recovery<\/h2>\n
Bitcoin price remained stable above the $16,500 zone<\/a>. BTC attempted an upside break above the $17,000 resistance, but it faced sellers.<\/p>\n
A high was formed near $17,067 and the price started a downside correction. There was a move below the $16,800 level and the 100 hourly simple moving average. The price declined below the 50% Fib retracement level of the up move from the $16,260 swing low to $17,067 high.<\/p>\n
Bitcoin price tested the $16,550 level, where it found support. It remained stable above the 61.8% Fib retracement level of the up move from the $16,260 swing low to $17,067 high.<\/p>\n
The price recovered losses and climbed above $16,700. It is now trading above $16,700 and the 100 hourly simple moving average. On the upside, an immediate resistance is near the $16,800 zone. There is also a key bearish trend line forming with resistance near $16,800 on the hourly chart of the BTC\/USD pair.<\/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 clear move above the $17,000 resistance might encourage the bulls to pump the price above the $17,200 resistance. If they succeed, the price could even surpass the $17,500 level. The next major resistance is near $18,000, above which the price climb towards the $18,500 resistance zone.<\/p>\n
Fresh Drop in BTC?<\/h2>\n
If bitcoin fails to clear the $17,000 resistance, there could be a fresh drop<\/a>. An immediate support on the downside is near the $16,750 level and the 100 hourly SMA<\/p>\n
The next major support is near the $16,550 level. A downside break below the $16,550 support might call for a move towards the $16,350 level. Any more losses might send the price towards $16,000.<\/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 $16,700, followed by $16,550.<\/p>\n
Major Resistance Levels \u2013 $16,800, $17,000 and $17,500.<\/p>\n","protected":false},"excerpt":{"rendered":"
Bitcoin price is attempting an upside break above $16,800. BTC could start a decent increase if it clears the $16,800 and $17,000 resistance levels. Bitcoin is still facing a strong resistance near $17,000 and $17,200. The price is trading above $16,700 and the 100 hourly simple moving average. There is a key bearish trend line forming with resistance near $16,800 on the hourly chart of the BTC\/USD pair (data feed from Kraken). The pair could attempt a fresh increase if there is a clear move above the $17,000 resistance zone. Bitcoin Price Eyes Recovery Bitcoin price remained stable above the $16,500 zone. BTC attempted an upside break above the $17,000 resistance, but it faced sellers. A high was formed near $17,067 and the price started a downside correction. There was a move below the $16,800 level and the 100 hourly simple moving average. The price declined below the 50% Fib retracement level of the up move from the $16,260 swing low to $17,067 high. Bitcoin price tested the $16,550 level, where it found support. It remained stable above the 61.8% Fib retracement level of the up move from the $16,260 swing low to $17,067 high. The price recovered losses and climbed above $16,700. It is now trading above $16,700 and the 100 hourly simple moving average. On the upside, an immediate resistance is near the $16,800 zone. There is also a key bearish trend line forming with resistance near $16,800 on the hourly chart of the BTC\/USD pair. Source: BTCUSD on TradingView.com The first major resistance is near the $17,000 zone. A clear move above the $17,000 resistance might encourage the bulls to pump the price above the $17,200 resistance. If they succeed, the price could even surpass the $17,500 level. The next major resistance is near $18,000, above which the price climb towards the $18,500 resistance zone. Fresh Drop in BTC? If bitcoin fails to clear the $17,000 resistance, there could be a fresh drop. An immediate support on the downside is near the $16,750 level and the 100 hourly SMA The next major support is near the $16,550 level. A downside break below the $16,550 support might call for a move towards the $16,350 level. Any more losses might send the price towards $16,000. 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 $16,700, followed by $16,550. Major Resistance Levels \u2013 $16,800, $17,000 and $17,500.<\/p>\n","protected":false},"author":67,"featured_media":462274,"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-513487","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 Shows Signs of Life and Could Soon Clear This Hurdle<\/title>\n<meta name=\"description\" content=\"Bitcoin price is attempting an upside break above $16,800. 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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 Shows Signs of Life and Could Soon Clear This Hurdle","url":"http:\/\/uniquehot.com\/news\/bitcoin-price-shows-life-17k\/","mainEntityOfPage":{"@type":"WebPage","@id":"http:\/\/uniquehot.com\/news\/bitcoin-price-shows-life-17k\/"},"thumbnailUrl":"https:\/\/uniquehot.com\/wp-content\/uploads\/2021\/04\/Depositphotos_179514440_s-2019.jpg?resize=200%2C200","image":{"@type":"ImageObject","url":"https:\/\/uniquehot.com\/wp-content\/uploads\/2021\/04\/Depositphotos_179514440_s-2019.jpg?fit=1000%2C667"},"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":"2022-12-23T02:45:50Z","datePublished":"2022-12-23T02:45:50Z","dateModified":"2024-06-11T09:17:58Z"},"rendered":"<script type=\"application\/ld+json\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@type\":\"NewsArticle\",\"headline\":\"Bitcoin Price Shows Signs of Life and Could Soon Clear This Hurdle\",\"url\":\"http:\\\/\\\/uniquehot.com\\\/news\\\/bitcoin-price-shows-life-17k\\\/\",\"mainEntityOfPage\":{\"@type\":\"WebPage\",\"@id\":\"http:\\\/\\\/uniquehot.com\\\/news\\\/bitcoin-price-shows-life-17k\\\/\"},\"thumbnailUrl\":\"https:\\\/\\\/uniquehot.com\\\/wp-content\\\/uploads\\\/2021\\\/04\\\/Depositphotos_179514440_s-2019.jpg?resize=200%2C200\",\"image\":{\"@type\":\"ImageObject\",\"url\":\"https:\\\/\\\/uniquehot.com\\\/wp-content\\\/uploads\\\/2021\\\/04\\\/Depositphotos_179514440_s-2019.jpg?fit=1000%2C667\"},\"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\":\"2022-12-23T02:45:50Z\",\"datePublished\":\"2022-12-23T02:45:50Z\",\"dateModified\":\"2024-06-11T09:17:58Z\"}<\/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\/Depositphotos_179514440_s-2019.jpg?fit=1000%2C667","amp_enabled":true,"_links":{"self":[{"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/posts\/513487","targetHints":{"allow":["GET"]}}],"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=513487"}],"version-history":[{"count":0,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/posts\/513487\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/media\/462274"}],"wp:attachment":[{"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/media?parent=513487"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/categories?post=513487"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/tags?post=513487"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}