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{"id":561451,"date":"2023-11-20T03:07:01","date_gmt":"2023-11-20T03:07:01","guid":{"rendered":"https:\/\/uniquehot.com\/?p=561451"},"modified":"2024-06-11T07:44:38","modified_gmt":"2024-06-11T07:44:38","slug":"bitcoin-price-regains-strength-40k","status":"publish","type":"post","link":"https:\/\/uniquehot.com\/news\/bitcoin-price-regains-strength-40k\/","title":{"rendered":"Bitcoin Price Regains Strength As The Bulls Aim For $40K"},"content":{"rendered":"

Bitcoin price started a fresh increase above the $37,000 resistance zone. BTC could accelerate higher once there is a clear move above the $37,350 resistance.<\/em><\/p>\n

\n
Bitcoin started a fresh increase from the $35,500 support zone.<\/li>\n
The price is trading above $36,700 and the 100 hourly Simple moving average.<\/li>\n
There is a key bullish trend line forming with support near $36,720 on the hourly chart of the BTC\/USD pair (data feed from Kraken).<\/li>\n
The pair could continue to move up toward $40,000 if it clears $37,350 and $38,000.<\/li>\n<\/ul>\n
Bitcoin Price Restarts Increase<\/h2>\n
Bitcoin price found support near the $35,500 zone<\/a> after a steady decline. BTC bulls were active above the $35,500 level and were able to start a fresh increase.<\/p>\n
There was a move above the $36,500 and $37,000 resistance levels. The price climbed above the 50% Fib retracement level of the downward wave from the $37,950 swing high to the $35,518 low. The price even spiked above $37,200.<\/p>\n
Bitcoin is now trading above $36,700 and the 100 hourly Simple moving average. There is also a key bullish trend line forming with support near $36,720 on the hourly chart of the BTC\/USD pair.<\/p>\n
On the upside, immediate resistance is near the $37,350 level. It is near the 76.4% Fib retracement level of the downward wave from the $37,950 swing high to the $35,518 low. A clear move above the $37,350 resistance might send the price toward the $37,800 level.<\/p>\n
$\"Bitcoin$ <\/a><\/p>\n
Source: BTCUSD on TradingView.com<\/a><\/p>\n
The next key resistance could be near $38,000<\/a>. A close above the $38,000 resistance could start a strong increase. The first major resistance is near $39,200, above which the price might accelerate further higher. In the stated case, it could test the $40,000 level. Any more gains might send BTC toward the $42,000 level.<\/p>\n
Another Rejection In BTC?<\/h2>\n
If Bitcoin fails to rise above the $37,350 resistance zone, it could start another decline. Immediate support on the downside is near the $37,000 level.<\/p>\n
The next major support is $36,700 and the trend line. If there is a move below $36,700, there is a risk of more downsides. In the stated case, the price could drop toward the $35,950 support in the near term. The next key support or target could be $35,500.<\/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 above the 50 level.<\/p>\n
Major Support Levels \u2013 $37,000, followed by $36,700.<\/p>\n
Major Resistance Levels \u2013 $37,350, $37,800, and $38,000.<\/p>\n","protected":false},"excerpt":{"rendered":"
Bitcoin price started a fresh increase above the $37,000 resistance zone. BTC could accelerate higher once there is a clear move above the $37,350 resistance. Bitcoin started a fresh increase from the $35,500 support zone. The price is trading above $36,700 and the 100 hourly Simple moving average. There is a key bullish trend line forming with support near $36,720 on the hourly chart of the BTC\/USD pair (data feed from Kraken). The pair could continue to move up toward $40,000 if it clears $37,350 and $38,000. Bitcoin Price Restarts Increase Bitcoin price found support near the $35,500 zone after a steady decline. BTC bulls were active above the $35,500 level and were able to start a fresh increase. There was a move above the $36,500 and $37,000 resistance levels. The price climbed above the 50% Fib retracement level of the downward wave from the $37,950 swing high to the $35,518 low. The price even spiked above $37,200. Bitcoin is now trading above $36,700 and the 100 hourly Simple moving average. There is also a key bullish trend line forming with support near $36,720 on the hourly chart of the BTC\/USD pair. On the upside, immediate resistance is near the $37,350 level. It is near the 76.4% Fib retracement level of the downward wave from the $37,950 swing high to the $35,518 low. A clear move above the $37,350 resistance might send the price toward the $37,800 level. Source: BTCUSD on TradingView.com The next key resistance could be near $38,000. A close above the $38,000 resistance could start a strong increase. The first major resistance is near $39,200, above which the price might accelerate further higher. In the stated case, it could test the $40,000 level. Any more gains might send BTC toward the $42,000 level. Another Rejection In BTC? If Bitcoin fails to rise above the $37,350 resistance zone, it could start another decline. Immediate support on the downside is near the $37,000 level. The next major support is $36,700 and the trend line. If there is a move below $36,700, there is a risk of more downsides. In the stated case, the price could drop toward the $35,950 support in the near term. The next key support or target could be $35,500. 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 above the 50 level. Major Support Levels \u2013 $37,000, followed by $36,700. Major Resistance Levels \u2013 $37,350, $37,800, and $38,000.<\/p>\n","protected":false},"author":67,"featured_media":453105,"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-561451","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 Regains Strength As The Bulls Aim For $40K<\/title>\n<meta name=\"description\" content=\"Bitcoin price started a fresh increase above the $37,000 resistance zone. 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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 Regains Strength As The Bulls Aim For $40K","url":"http:\/\/uniquehot.com\/news\/bitcoin-price-regains-strength-40k\/","mainEntityOfPage":{"@type":"WebPage","@id":"http:\/\/uniquehot.com\/news\/bitcoin-price-regains-strength-40k\/"},"thumbnailUrl":"https:\/\/uniquehot.com\/wp-content\/uploads\/2020\/12\/shutterstock_1100038610-scaled.jpg?resize=200%2C200","image":{"@type":"ImageObject","url":"https:\/\/uniquehot.com\/wp-content\/uploads\/2020\/12\/shutterstock_1100038610-scaled.jpg?fit=2560%2C1513"},"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":"2023-11-20T03:07:01Z","datePublished":"2023-11-20T03:07:01Z","dateModified":"2024-06-11T07:44:38Z"},"rendered":"<script type=\"application\/ld+json\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@type\":\"NewsArticle\",\"headline\":\"Bitcoin Price Regains Strength As The Bulls Aim For $40K\",\"url\":\"http:\\\/\\\/uniquehot.com\\\/news\\\/bitcoin-price-regains-strength-40k\\\/\",\"mainEntityOfPage\":{\"@type\":\"WebPage\",\"@id\":\"http:\\\/\\\/uniquehot.com\\\/news\\\/bitcoin-price-regains-strength-40k\\\/\"},\"thumbnailUrl\":\"https:\\\/\\\/uniquehot.com\\\/wp-content\\\/uploads\\\/2020\\\/12\\\/shutterstock_1100038610-scaled.jpg?resize=200%2C200\",\"image\":{\"@type\":\"ImageObject\",\"url\":\"https:\\\/\\\/uniquehot.com\\\/wp-content\\\/uploads\\\/2020\\\/12\\\/shutterstock_1100038610-scaled.jpg?fit=2560%2C1513\"},\"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\":\"2023-11-20T03:07:01Z\",\"datePublished\":\"2023-11-20T03:07:01Z\",\"dateModified\":\"2024-06-11T07:44:38Z\"}<\/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\/2020\/12\/shutterstock_1100038610-scaled.jpg?fit=2560%2C1513","amp_enabled":true,"_links":{"self":[{"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/posts\/561451"}],"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=561451"}],"version-history":[{"count":0,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/posts\/561451\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/media\/453105"}],"wp:attachment":[{"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/media?parent=561451"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/categories?post=561451"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/tags?post=561451"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}