BTCUSD on TradingView.com<\/a><\/p>\nImmediate resistance is near the $31,350 level. The first major resistance is near the $31,400 level, above which the price might start another strong increase. The next major resistance is near the $32,000 level. An upside break above the $32,000 resistance might send BTC toward $32,500. Any more gains could open the doors for a move toward the $33,200 resistance zone.<\/p>\n
Are Dips Limited in BTC?<\/h2>\n If Bitcoin\u2019s price fails to clear the $31,400 resistance, it could start a downside correction. Immediate support on the downside is near the $31,000 level.<\/p>\n
The next major support is near the $30,920 level and the trend line, below which there could be a drop toward the 50% Fib retracement level of the recent increase from the $30,192 swing low to the $31,373 high. Any more losses might send the price toward the $30,550 zone or the 100 hourly SMA in the near term.<\/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 above the 50 level.<\/p>\n
Major Support Levels \u2013 $31,000, followed by $30,920.<\/p>\n
Major Resistance Levels \u2013 $31,350, $31,400, and $32,000.<\/p>\n","protected":false},"excerpt":{"rendered":"
Bitcoin price is moving higher above the $31,000 resistance. BTC could soon rally if there is a close above the $31,400 resistance zone. Bitcoin is showing positive signs and trading above the $30,800 resistance zone. The price is trading above $30,850 and the 100 hourly Simple moving average. There is a major bullish trend line forming with support near $30,920 on the hourly chart of the BTC\/USD pair (data feed from Kraken). The pair could accelerate higher if it clears the $31,400 resistance zone. Bitcoin Price Grinds Higher Bitcoin price remained stable and settled above the $30,500 support. BTC started a steady increase and was able to climb above the $30,820 resistance zone. The price even broke the $31,000 zone and retested the $31,400 resistance zone. A high is formed near $31,373 and the price is now consolidating gains. It is trading above the 23.6% Fib retracement level of the recent increase from the $30,192 swing low to the $31,373 high. Bitcoin is now trading above $30,850 and the 100 hourly Simple moving average. There is also a major bullish trend line forming with support near $30,920 on the hourly chart of the BTC\/USD pair. Source: BTCUSD on TradingView.com Immediate resistance is near the $31,350 level. The first major resistance is near the $31,400 level, above which the price might start another strong increase. The next major resistance is near the $32,000 level. An upside break above the $32,000 resistance might send BTC toward $32,500. Any more gains could open the doors for a move toward the $33,200 resistance zone. Are Dips Limited in BTC? If Bitcoin\u2019s price fails to clear the $31,400 resistance, it could start a downside correction. Immediate support on the downside is near the $31,000 level. The next major support is near the $30,920 level and the trend line, below which there could be a drop toward the 50% Fib retracement level of the recent increase from the $30,192 swing low to the $31,373 high. Any more losses might send the price toward the $30,550 zone or the 100 hourly SMA in the near term. 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 above the 50 level. Major Support Levels \u2013 $31,000, followed by $30,920. Major Resistance Levels \u2013 $31,350, $31,400, and $32,000.<\/p>\n","protected":false},"author":67,"featured_media":461132,"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-540990","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 Is Forming Key Trend And Swift Rally Could Occur<\/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