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{"id":522760,"date":"2023-03-13T03:30:57","date_gmt":"2023-03-13T03:30:57","guid":{"rendered":"https:\/\/uniquehot.com\/?p=522760"},"modified":"2024-06-11T14:34:13","modified_gmt":"2024-06-11T14:34:13","slug":"bitcoin-price-rallies-10-22k","status":"publish","type":"post","link":"https:\/\/uniquehot.com\/news\/bitcoin-price-rallies-10-22k\/","title":{"rendered":"Bitcoin Price Rallies 10% But This Resistance Is The Key To Reversal"},"content":{"rendered":"

Bitcoin price surged over 10% and cleared the $22,000 resistance. BTC must surpass $22,600 and $22,800 to continue higher in the near term.<\/em><\/p>\n

\n
Bitcoin started a strong increase above the $21,500 resistance zone.<\/li>\n
The price is trading above $22,000 and the 100 hourly simple moving average.<\/li>\n
There was a break above a major bearish trend line with resistance near $21,250 on the hourly chart of the BTC\/USD pair (data feed from Kraken).<\/li>\n
The pair could face a strong selling interest near $22,600 and $22,800.<\/li>\n<\/ul>\n
Bitcoin Price Surges Above $22K<\/h2>\n
Bitcoin price found a strong support near the $19,500 zone<\/a>. BTC formed a base and started a major increase above the $20,000 resistance zone.<\/p>\n
There was a clear move above the $20,500 and $21,200 resistance levels. Besides, there was a break above a major bearish trend line with resistance near $21,250 on the hourly chart of the BTC\/USD pair. The pair even broke the $21,500 resistance zone<\/a>.<\/p>\n
Bitcoin price is trading above $22,000 and the 100 hourly simple moving average. A high is formed near $22,765 and the price is now correcting lower.<\/p>\n
It is trading well above the 23.6% Fib retracement level of the upward move from the $19,549 swing low to $22,765 high. An immediate resistance is near the $22,600 level. The next major resistance is near the $22,800 zone.<\/p>\n
$\"Bitcoin$ <\/a><\/p>\n
Source: BTCUSD on TradingView.com<\/a><\/p>\n
A close above the $22,800 resistance might start a decent increase in the coming days. The next key resistance is near the $23,200 zone, above which the price might gain bullish momentum and test $24,000.<\/p>\n
Dips Supported in BTC?<\/h2>\n
If bitcoin price fails to clear the $22,600 resistance, it could correct lower. An immediate support on the downside is near the $22,000 zone.<\/p>\n
The next major support is near the $21,750 zone, below which the price might drop to $21,150 or the 50% Fib retracement level of the upward move from the $19,549 swing low to $22,765 high. The next major support is near the $20,800 level and the 100 hourly simple moving average. Any more losses might send the price towards the $20,000 level.<\/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 in the overbought zone.<\/p>\n
Major Support Levels \u2013 $22,000, followed by $21,750.<\/p>\n
Major Resistance Levels \u2013 $22,600, $22,800 and $23,200.<\/p>\n","protected":false},"excerpt":{"rendered":"
Bitcoin price surged over 10% and cleared the $22,000 resistance. BTC must surpass $22,600 and $22,800 to continue higher in the near term. Bitcoin started a strong increase above the $21,500 resistance zone. The price is trading above $22,000 and the 100 hourly simple moving average. There was a break above a major bearish trend line with resistance near $21,250 on the hourly chart of the BTC\/USD pair (data feed from Kraken). The pair could face a strong selling interest near $22,600 and $22,800. Bitcoin Price Surges Above $22K Bitcoin price found a strong support near the $19,500 zone. BTC formed a base and started a major increase above the $20,000 resistance zone. There was a clear move above the $20,500 and $21,200 resistance levels. Besides, there was a break above a major bearish trend line with resistance near $21,250 on the hourly chart of the BTC\/USD pair. The pair even broke the $21,500 resistance zone. Bitcoin price is trading above $22,000 and the 100 hourly simple moving average. A high is formed near $22,765 and the price is now correcting lower. It is trading well above the 23.6% Fib retracement level of the upward move from the $19,549 swing low to $22,765 high. An immediate resistance is near the $22,600 level. The next major resistance is near the $22,800 zone. Source: BTCUSD on TradingView.com A close above the $22,800 resistance might start a decent increase in the coming days. The next key resistance is near the $23,200 zone, above which the price might gain bullish momentum and test $24,000. Dips Supported in BTC? If bitcoin price fails to clear the $22,600 resistance, it could correct lower. An immediate support on the downside is near the $22,000 zone. The next major support is near the $21,750 zone, below which the price might drop to $21,150 or the 50% Fib retracement level of the upward move from the $19,549 swing low to $22,765 high. The next major support is near the $20,800 level and the 100 hourly simple moving average. Any more losses might send the price towards the $20,000 level. 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 in the overbought zone. Major Support Levels \u2013 $22,000, followed by $21,750. Major Resistance Levels \u2013 $22,600, $22,800 and $23,200.<\/p>\n","protected":false},"author":67,"featured_media":461237,"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-522760","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 Rallies 10% But This Resistance Is The Key To Reversal<\/title>\n<meta name=\"description\" content=\"Bitcoin price surged over 10% and cleared the $22,000 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 Rallies 10% But This Resistance Is The Key To Reversal","url":"http:\/\/uniquehot.com\/news\/bitcoin-price-rallies-10-22k\/","mainEntityOfPage":{"@type":"WebPage","@id":"http:\/\/uniquehot.com\/news\/bitcoin-price-rallies-10-22k\/"},"thumbnailUrl":"https:\/\/uniquehot.com\/wp-content\/uploads\/2021\/04\/shutterstock_794402125.jpg?resize=200%2C200","image":{"@type":"ImageObject","url":"https:\/\/uniquehot.com\/wp-content\/uploads\/2021\/04\/shutterstock_794402125.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":"2023-03-13T03:30:57Z","datePublished":"2023-03-13T03:30:57Z","dateModified":"2024-06-11T14:34:13Z"},"rendered":"<script type=\"application\/ld+json\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@type\":\"NewsArticle\",\"headline\":\"Bitcoin Price Rallies 10% But This Resistance Is The Key To Reversal\",\"url\":\"http:\\\/\\\/uniquehot.com\\\/news\\\/bitcoin-price-rallies-10-22k\\\/\",\"mainEntityOfPage\":{\"@type\":\"WebPage\",\"@id\":\"http:\\\/\\\/uniquehot.com\\\/news\\\/bitcoin-price-rallies-10-22k\\\/\"},\"thumbnailUrl\":\"https:\\\/\\\/uniquehot.com\\\/wp-content\\\/uploads\\\/2021\\\/04\\\/shutterstock_794402125.jpg?resize=200%2C200\",\"image\":{\"@type\":\"ImageObject\",\"url\":\"https:\\\/\\\/uniquehot.com\\\/wp-content\\\/uploads\\\/2021\\\/04\\\/shutterstock_794402125.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\":\"2023-03-13T03:30:57Z\",\"datePublished\":\"2023-03-13T03:30:57Z\",\"dateModified\":\"2024-06-11T14:34:13Z\"}<\/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_794402125.jpg?fit=1000%2C667","amp_enabled":true,"_links":{"self":[{"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/posts\/522760"}],"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=522760"}],"version-history":[{"count":0,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/posts\/522760\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/media\/461237"}],"wp:attachment":[{"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/media?parent=522760"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/categories?post=522760"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/tags?post=522760"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}