BTCUSD on TradingView.com<\/a><\/p>\nThe next major resistance is near the $30,500 zone. A close above the $30,500 resistance might start a strong increase. In the stated case, the price may perhaps rise toward the $31,200 level. The next key resistance is near the $32,000 level, above which BTC could rise toward the $33,500 level.<\/p>\n
Another Drop in BTC?<\/h2>\n If Bitcoin\u2019s price fails to clear the $30,250 resistance, it could another decline. Immediate support on the downside is near the $29,850 level.<\/p>\n
The next major support is near the $29,650 zone. A downside break and close below the $29,650 support might push the price back toward $29,200 or the 100 hourly Simple moving average.<\/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 $29,850, followed by $29,650.<\/p>\n
Major Resistance Levels \u2013 $30,250, $30,500, and $31,200.<\/p>\n","protected":false},"excerpt":{"rendered":"
Bitcoin price is consolidating gains near the $30,000 zone. BTC could start another increase if it clears the $30,250 resistance zone. Bitcoin corrected lower and tested the $29,650 support zone. The price is trading above $29,650 and the 100 hourly Simple moving average. There is a major declining channel forming with resistance near $30,250 on the hourly chart of the BTC\/USD pair (data feed from Kraken). The pair could start a strong increase if there is a close above the $30,250 resistance zone. Bitcoin Price Remains Supported Bitcoin price started a downside correction from the $30,550 zone. BTC declined below the $30,000 support zone. There was also a move below the 23.6% Fib retracement level of the upward wave from the $28,200 swing low to the $30,586 high. However, the bulls were active near the $29,650 zone. Besides, the US CPI posted another decline to 5% in March 2023. It helped BTC to remain in a positive zone above the $29,650 level. Bitcoin price is now trading above $29,800 and the 100 hourly Simple moving average. There was a move above the 50% Fib retracement level of the downside correction from the $30,586 swing high to the $29,645 low. Immediate resistance is near the $30,250 level. There is also a major declining channel forming with resistance near $30,250 on the hourly chart of the BTC\/USD pair. The channel resistance is close to the 61.8% Fib retracement level of the downside correction from the $30,586 swing high to the $29,645 low. Source: BTCUSD on TradingView.com The next major resistance is near the $30,500 zone. A close above the $30,500 resistance might start a strong increase. In the stated case, the price may perhaps rise toward the $31,200 level. The next key resistance is near the $32,000 level, above which BTC could rise toward the $33,500 level. Another Drop in BTC? If Bitcoin\u2019s price fails to clear the $30,250 resistance, it could another decline. Immediate support on the downside is near the $29,850 level. The next major support is near the $29,650 zone. A downside break and close below the $29,650 support might push the price back toward $29,200 or the 100 hourly Simple moving average. 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 $29,850, followed by $29,650. Major Resistance Levels \u2013 $30,250, $30,500, and $31,200.<\/p>\n","protected":false},"author":67,"featured_media":464001,"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-526682","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":"\n
Bitcoin Price Holds Ground Post US CPI and Looks Primed for More Gains<\/title>\n \n \n \n \n \n \n \n \n \n \n \n \n \n\t \n\t \n\t \n \n \n \n \n \n\t \n\t \n\t \n