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{"id":521097,"date":"2023-02-27T03:40:47","date_gmt":"2023-02-27T03:40:47","guid":{"rendered":"https:\/\/uniquehot.com\/?p=521097"},"modified":"2024-06-11T08:44:08","modified_gmt":"2024-06-11T08:44:08","slug":"bitcoin-price-aims-upside-break-24k","status":"publish","type":"post","link":"https:\/\/uniquehot.com\/news\/bitcoin-price-aims-upside-break-24k\/","title":{"rendered":"Bitcoin Price Aims Key Upside Break As The Bulls Face Many Challenges"},"content":{"rendered":"

Bitcoin price is attempting an upside break above the $23,650 resistance. BTC must clear the $24,000 resistance to start a steady increase in the near term.<\/em><\/p>\n

\n
Bitcoin is slowly moving higher above the $23,500 resistance zone.<\/li>\n
The price is trading above $23,500 and the 100 hourly simple moving average.<\/li>\n
There was a break above a key bearish trend line with resistance near $23,300 on the hourly chart of the BTC\/USD pair (data feed from Kraken).<\/li>\n
The pair could rise steadily if it clears the $23,650 and $24,000 resistance levels.<\/li>\n<\/ul>\n
Bitcoin Price Faces Resistance<\/h2>\n
Bitcoin price extended its decline<\/a> below the $23,200 support zone. BTC even spiked below the $23,000 support zone and tested the $22,750 area.<\/p>\n
A low was formed near $22,739 and the price is now recovering higher. There was a move above the $23,200 resistance zone. Besides, there was a break above a key bearish trend line with resistance near $23,300 on the hourly chart of the BTC\/USD pair.<\/p>\n
The pair climbed above the 23.6% Fib retracement level of the downward move from the $24,602 swing high to $22,739 low. Bitcoin price is now trading above $23,500 and the 100 hourly simple moving average<\/a>.<\/p>\n
An immediate resistance is near the $23,650 zone. It is near the 50% Fib retracement level of the downward move from the $24,602 swing high to $22,739 low. The first major resistance is still near the $24,000 zone. A clear move above the $24,000 resistance might send the price towards the $24,600 resistance zone.<\/p>\n
$\"Bitcoin$ <\/a><\/p>\n
Source: BTCUSD on TradingView.com<\/a><\/p>\n
The main hurdle is still near the $25,000 zone. A close above the $25,000 resistance could set the pace for a strong increase. In the stated case, the price may perhaps rise towards the $25,800 level.<\/p>\n
Fresh Decline in BTC?<\/h2>\n
If bitcoin price fails to clear the $23,650 resistance, it could start another decline. An immediate support on the downside is near the $23,200 zone.<\/p>\n
The next major support is near the $22,750 zone. If there is a downside break, the price might decline towards $22,200. The next major support is near the $22,000 level.<\/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 $23,200, followed by $22,750.<\/p>\n
Major Resistance Levels \u2013 $23,650, $24,000 and $24,600.<\/p>\n","protected":false},"excerpt":{"rendered":"
Bitcoin price is attempting an upside break above the $23,650 resistance. BTC must clear the $24,000 resistance to start a steady increase in the near term. Bitcoin is slowly moving higher above the $23,500 resistance zone. The price is trading above $23,500 and the 100 hourly simple moving average. There was a break above a key bearish trend line with resistance near $23,300 on the hourly chart of the BTC\/USD pair (data feed from Kraken). The pair could rise steadily if it clears the $23,650 and $24,000 resistance levels. Bitcoin Price Faces Resistance Bitcoin price extended its decline below the $23,200 support zone. BTC even spiked below the $23,000 support zone and tested the $22,750 area. A low was formed near $22,739 and the price is now recovering higher. There was a move above the $23,200 resistance zone. Besides, there was a break above a key bearish trend line with resistance near $23,300 on the hourly chart of the BTC\/USD pair. The pair climbed above the 23.6% Fib retracement level of the downward move from the $24,602 swing high to $22,739 low. Bitcoin price is now trading above $23,500 and the 100 hourly simple moving average. An immediate resistance is near the $23,650 zone. It is near the 50% Fib retracement level of the downward move from the $24,602 swing high to $22,739 low. The first major resistance is still near the $24,000 zone. A clear move above the $24,000 resistance might send the price towards the $24,600 resistance zone. Source: BTCUSD on TradingView.com The main hurdle is still near the $25,000 zone. A close above the $25,000 resistance could set the pace for a strong increase. In the stated case, the price may perhaps rise towards the $25,800 level. Fresh Decline in BTC? If bitcoin price fails to clear the $23,650 resistance, it could start another decline. An immediate support on the downside is near the $23,200 zone. The next major support is near the $22,750 zone. If there is a downside break, the price might decline towards $22,200. The next major support is near the $22,000 level. 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 $23,200, followed by $22,750. Major Resistance Levels \u2013 $23,650, $24,000 and $24,600.<\/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":[428,679,1144,78790,76835],"class_list":["post-521097","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 Aims Key Upside Break As The Bulls Face Many Challenges<\/title>\n<meta name=\"description\" content=\"Bitcoin price is attempting an upside break above the $23,650 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 Aims Key Upside Break As The Bulls Face Many Challenges","url":"http:\/\/uniquehot.com\/news\/bitcoin-price-aims-upside-break-24k\/","mainEntityOfPage":{"@type":"WebPage","@id":"http:\/\/uniquehot.com\/news\/bitcoin-price-aims-upside-break-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","bitcoin price","btcusd","btcusdt","xbtusd"],"dateCreated":"2023-02-27T03:40:47Z","datePublished":"2023-02-27T03:40:47Z","dateModified":"2024-06-11T08:44:08Z"},"rendered":"<script type=\"application\/ld+json\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@type\":\"NewsArticle\",\"headline\":\"Bitcoin Price Aims Key Upside Break As The Bulls Face Many Challenges\",\"url\":\"http:\\\/\\\/uniquehot.com\\\/news\\\/bitcoin-price-aims-upside-break-24k\\\/\",\"mainEntityOfPage\":{\"@type\":\"WebPage\",\"@id\":\"http:\\\/\\\/uniquehot.com\\\/news\\\/bitcoin-price-aims-upside-break-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\",\"bitcoin price\",\"btcusd\",\"btcusdt\",\"xbtusd\"],\"dateCreated\":\"2023-02-27T03:40:47Z\",\"datePublished\":\"2023-02-27T03:40:47Z\",\"dateModified\":\"2024-06-11T08:44:08Z\"}<\/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\/521097"}],"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=521097"}],"version-history":[{"count":0,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/posts\/521097\/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=521097"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/categories?post=521097"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/tags?post=521097"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}