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{"id":519818,"date":"2023-02-16T03:10:18","date_gmt":"2023-02-16T03:10:18","guid":{"rendered":"https:\/\/uniquehot.com\/?p=519818"},"modified":"2024-06-11T14:32:32","modified_gmt":"2024-06-11T14:32:32","slug":"bitcoin-price-surges-to-25k","status":"publish","type":"post","link":"https:\/\/uniquehot.com\/news\/bitcoin-price-surges-to-25k\/","title":{"rendered":"Bitcoin Price Surges To $25K, Dips Turn Attractive In Medium-term"},"content":{"rendered":"

Bitcoin price surged over 10% and cleared the $24,000 resistance. BTC traded close to $25,000 and remains supported for more gains in the near term.<\/em><\/p>\n

\n
Bitcoin is gaining pace above the $23,500 and $24,000 resistance levels.<\/li>\n
The price is trading above $24,000 and the 100 hourly simple moving average.<\/li>\n
There was a break above a couple of continuations pattern at $22,900 on the hourly chart of the BTC\/USD pair (data feed from Kraken).<\/li>\n
The pair could continue higher if there is a clear move above $24,800 and $25,000.<\/li>\n<\/ul>\n
Bitcoin Price Jumps 12%<\/h2>\n
Bitcoin price formed a strong support base above the $22,000 level<\/a>. BTC started a strong increase and was able to clear many hurdles near the $23,000 resistance zone.<\/p>\n
During the increase, there was a break above a couple of continuations pattern at $22,900 on the hourly chart of the BTC\/USD pair. The pair even broke the $24,000 resistance zone and settled well above the 100 hourly simple moving average<\/a>.<\/p>\n
A new weekly high is formed near $24,899 and the price is now consolidating gains. Bitcoin price is trading well above the 23.6% Fib retracement level of the recent rally from the $21,505 swing low to $24,899 high.<\/p>\n
On the upside, an immediate resistance is near the $24,800 level. The next major resistance is near the $25,000 zone. A clear move above the $25,000 resistance might start another steady increase.<\/p>\n
$\"Bitcoin$ <\/a><\/p>\n
Source: BTCUSD on TradingView.com<\/a><\/p>\n
In the stated case, the price may perhaps rise towards the $25,500 level. The next resistance could be near the $26,200 level, where the bears are likely to take a strong stand.<\/p>\n
Dips Attractive in BTC?<\/h2>\n
If bitcoin price fails to clear the $25,000 resistance, it could start a downside correction. An immediate support on the downside is near the $24,350 zone.<\/p>\n
The next major support is near the $24,000 zone. If there is a downside break, the price might test the 50% Fib retracement level of the recent rally from the $21,505 swing low to $24,899 high. The next major support is near the $23,000 level, below which the price might decline towards the $22,500 support.<\/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 in the overbought zone.<\/p>\n
Major Support Levels \u2013 $24,350, followed by $24,000.<\/p>\n
Major Resistance Levels \u2013 $24,800, $25,000 and $25,500.<\/p>\n","protected":false},"excerpt":{"rendered":"
Bitcoin price surged over 10% and cleared the $24,000 resistance. BTC traded close to $25,000 and remains supported for more gains in the near term. Bitcoin is gaining pace above the $23,500 and $24,000 resistance levels. The price is trading above $24,000 and the 100 hourly simple moving average. There was a break above a couple of continuations pattern at $22,900 on the hourly chart of the BTC\/USD pair (data feed from Kraken). The pair could continue higher if there is a clear move above $24,800 and $25,000. Bitcoin Price Jumps 12% Bitcoin price formed a strong support base above the $22,000 level. BTC started a strong increase and was able to clear many hurdles near the $23,000 resistance zone. During the increase, there was a break above a couple of continuations pattern at $22,900 on the hourly chart of the BTC\/USD pair. The pair even broke the $24,000 resistance zone and settled well above the 100 hourly simple moving average. A new weekly high is formed near $24,899 and the price is now consolidating gains. Bitcoin price is trading well above the 23.6% Fib retracement level of the recent rally from the $21,505 swing low to $24,899 high. On the upside, an immediate resistance is near the $24,800 level. The next major resistance is near the $25,000 zone. A clear move above the $25,000 resistance might start another steady increase. Source: BTCUSD on TradingView.com In the stated case, the price may perhaps rise towards the $25,500 level. The next resistance could be near the $26,200 level, where the bears are likely to take a strong stand. Dips Attractive in BTC? If bitcoin price fails to clear the $25,000 resistance, it could start a downside correction. An immediate support on the downside is near the $24,350 zone. The next major support is near the $24,000 zone. If there is a downside break, the price might test the 50% Fib retracement level of the recent rally from the $21,505 swing low to $24,899 high. The next major support is near the $23,000 level, below which the price might decline towards the $22,500 support. 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 in the overbought zone. Major Support Levels \u2013 $24,350, followed by $24,000. Major Resistance Levels \u2013 $24,800, $25,000 and $25,500.<\/p>\n","protected":false},"author":67,"featured_media":460128,"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-519818","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 Surges To $25K, Dips Turn Attractive In Medium-term<\/title>\n<meta name=\"description\" content=\"Bitcoin price surged over 10% and cleared the $24,000 resistance. 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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 Surges To $25K, Dips Turn Attractive In Medium-term","url":"http:\/\/uniquehot.com\/news\/bitcoin-price-surges-to-25k\/","mainEntityOfPage":{"@type":"WebPage","@id":"http:\/\/uniquehot.com\/news\/bitcoin-price-surges-to-25k\/"},"thumbnailUrl":"https:\/\/uniquehot.com\/wp-content\/uploads\/2021\/04\/hello-i-m-nik-8yCmQODY2SY-unsplash.jpg?resize=200%2C200","image":{"@type":"ImageObject","url":"https:\/\/uniquehot.com\/wp-content\/uploads\/2021\/04\/hello-i-m-nik-8yCmQODY2SY-unsplash.jpg?fit=1920%2C1285"},"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":"2023-02-16T03:10:18Z","datePublished":"2023-02-16T03:10:18Z","dateModified":"2024-06-11T14:32:32Z"},"rendered":"<script type=\"application\/ld+json\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@type\":\"NewsArticle\",\"headline\":\"Bitcoin Price Surges To $25K, Dips Turn Attractive In Medium-term\",\"url\":\"http:\\\/\\\/uniquehot.com\\\/news\\\/bitcoin-price-surges-to-25k\\\/\",\"mainEntityOfPage\":{\"@type\":\"WebPage\",\"@id\":\"http:\\\/\\\/uniquehot.com\\\/news\\\/bitcoin-price-surges-to-25k\\\/\"},\"thumbnailUrl\":\"https:\\\/\\\/uniquehot.com\\\/wp-content\\\/uploads\\\/2021\\\/04\\\/hello-i-m-nik-8yCmQODY2SY-unsplash.jpg?resize=200%2C200\",\"image\":{\"@type\":\"ImageObject\",\"url\":\"https:\\\/\\\/uniquehot.com\\\/wp-content\\\/uploads\\\/2021\\\/04\\\/hello-i-m-nik-8yCmQODY2SY-unsplash.jpg?fit=1920%2C1285\"},\"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\":\"2023-02-16T03:10:18Z\",\"datePublished\":\"2023-02-16T03:10:18Z\",\"dateModified\":\"2024-06-11T14:32:32Z\"}<\/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\/hello-i-m-nik-8yCmQODY2SY-unsplash.jpg?fit=1920%2C1285","amp_enabled":true,"_links":{"self":[{"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/posts\/519818"}],"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=519818"}],"version-history":[{"count":0,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/posts\/519818\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/media\/460128"}],"wp:attachment":[{"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/media?parent=519818"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/categories?post=519818"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/tags?post=519818"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}