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{"id":565356,"date":"2023-12-14T02:55:36","date_gmt":"2023-12-14T02:55:36","guid":{"rendered":"https:\/\/uniquehot.com\/?p=565356"},"modified":"2024-06-11T11:36:13","modified_gmt":"2024-06-11T11:36:13","slug":"bitcoin-price-rips-higher-43k","status":"publish","type":"post","link":"https:\/\/uniquehot.com\/news\/bitcoin-price-rips-higher-43k\/","title":{"rendered":"Bitcoin Price Rips Higher But $43K Is The Key To More Upsides"},"content":{"rendered":"

Bitcoin price formed a base above the $40,000 support zone. BTC is now struggling to clear the $43,000 resistance zone and consolidating.<\/em><\/p>\n

\n
Bitcoin started a fresh increase from the $40,000 support base.<\/li>\n
The price is trading above $42,000 and the 100 hourly Simple moving average.<\/li>\n
There was a break above a connecting bearish trend line with resistance near $41,050 on the hourly chart of the BTC\/USD pair (data feed from Kraken).<\/li>\n
The pair could continue to move up if there is a clear move above the $43,000 resistance.<\/li>\n<\/ul>\n
Bitcoin Price Regains Strength<\/h2>\n
Bitcoin price remained well-bid above the $40,000 support zone<\/a>. BTC formed a base and recently started a fresh increase above the $41,000 resistance.<\/p>\n
There was a break above a connecting bearish trend line with resistance near $41,050 on the hourly chart of the BTC\/USD pair. The pair gained strength above the 50% Fib retracement level of the key drop from the $44,699 swing high to the $39,999 low.<\/p>\n
Finally, the price tested the $43,000 resistance zone. Bitcoin spiked above the 61.8% Fib retracement level of the key drop from the $44,699 swing high to the $39,999 low.<\/p>\n
BTC is now trading above $42,000 and the 100 hourly Simple moving average<\/a>. On the upside, immediate resistance is near the $43,200 level. The first major resistance is forming near $43,500. A close above the $43,500 resistance might start a steady increase.<\/p>\n
$\"Bitcoin$ <\/a><\/p>\n
Source: BTCUSD on TradingView.com<\/a><\/p>\n
The next key resistance could be near $44,500, above which BTC could rise toward the $45,000 level. A clear move above the $45,000 level could set the pace for a test of $46,500.<\/p>\n
Another Decline In BTC?<\/h2>\n
If Bitcoin fails to rise above the $43,200 resistance zone, it could start another decline. Immediate support on the downside is near the $42,500 level and the 100 hourly Simple moving average.<\/p>\n
The next major support is near $42,000, below which the price might test the $41,200 zone. If there is a move below $41,200, there is a risk of more losses. In the stated case, the price could drop toward the $40,000 support 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 now above the 50 level.<\/p>\n
Major Support Levels \u2013 $42,500, followed by $42,000.<\/p>\n
Major Resistance Levels \u2013 $43,200, $44,000, and $45,000.<\/p>\n","protected":false},"excerpt":{"rendered":"
Bitcoin price formed a base above the $40,000 support zone. BTC is now struggling to clear the $43,000 resistance zone and consolidating. Bitcoin started a fresh increase from the $40,000 support base. The price is trading above $42,000 and the 100 hourly Simple moving average. There was a break above a connecting bearish trend line with resistance near $41,050 on the hourly chart of the BTC\/USD pair (data feed from Kraken). The pair could continue to move up if there is a clear move above the $43,000 resistance. Bitcoin Price Regains Strength Bitcoin price remained well-bid above the $40,000 support zone. BTC formed a base and recently started a fresh increase above the $41,000 resistance. There was a break above a connecting bearish trend line with resistance near $41,050 on the hourly chart of the BTC\/USD pair. The pair gained strength above the 50% Fib retracement level of the key drop from the $44,699 swing high to the $39,999 low. Finally, the price tested the $43,000 resistance zone. Bitcoin spiked above the 61.8% Fib retracement level of the key drop from the $44,699 swing high to the $39,999 low. BTC is now trading above $42,000 and the 100 hourly Simple moving average. On the upside, immediate resistance is near the $43,200 level. The first major resistance is forming near $43,500. A close above the $43,500 resistance might start a steady increase. Source: BTCUSD on TradingView.com The next key resistance could be near $44,500, above which BTC could rise toward the $45,000 level. A clear move above the $45,000 level could set the pace for a test of $46,500. Another Decline In BTC? If Bitcoin fails to rise above the $43,200 resistance zone, it could start another decline. Immediate support on the downside is near the $42,500 level and the 100 hourly Simple moving average. The next major support is near $42,000, below which the price might test the $41,200 zone. If there is a move below $41,200, there is a risk of more losses. In the stated case, the price could drop toward the $40,000 support 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 now above the 50 level. Major Support Levels \u2013 $42,500, followed by $42,000. Major Resistance Levels \u2013 $43,200, $44,000, and $45,000.<\/p>\n","protected":false},"author":67,"featured_media":463396,"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-565356","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 Rips Higher But $43K Is The Key To More Upsides<\/title>\n<meta name=\"description\" content=\"Bitcoin price formed a base above the $40,000 support 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 Rips Higher But $43K Is The Key To More Upsides","url":"http:\/\/uniquehot.com\/news\/bitcoin-price-rips-higher-43k\/","mainEntityOfPage":{"@type":"WebPage","@id":"http:\/\/uniquehot.com\/news\/bitcoin-price-rips-higher-43k\/"},"thumbnailUrl":"https:\/\/uniquehot.com\/wp-content\/uploads\/2021\/05\/Depositphotos_179514440_s-2019.jpg?resize=200%2C200","image":{"@type":"ImageObject","url":"https:\/\/uniquehot.com\/wp-content\/uploads\/2021\/05\/Depositphotos_179514440_s-2019.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":"2023-12-14T02:55:36Z","datePublished":"2023-12-14T02:55:36Z","dateModified":"2024-06-11T11:36:13Z"},"rendered":"<script type=\"application\/ld+json\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@type\":\"NewsArticle\",\"headline\":\"Bitcoin Price Rips Higher But $43K Is The Key To More Upsides\",\"url\":\"http:\\\/\\\/uniquehot.com\\\/news\\\/bitcoin-price-rips-higher-43k\\\/\",\"mainEntityOfPage\":{\"@type\":\"WebPage\",\"@id\":\"http:\\\/\\\/uniquehot.com\\\/news\\\/bitcoin-price-rips-higher-43k\\\/\"},\"thumbnailUrl\":\"https:\\\/\\\/uniquehot.com\\\/wp-content\\\/uploads\\\/2021\\\/05\\\/Depositphotos_179514440_s-2019.jpg?resize=200%2C200\",\"image\":{\"@type\":\"ImageObject\",\"url\":\"https:\\\/\\\/uniquehot.com\\\/wp-content\\\/uploads\\\/2021\\\/05\\\/Depositphotos_179514440_s-2019.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\":\"2023-12-14T02:55:36Z\",\"datePublished\":\"2023-12-14T02:55:36Z\",\"dateModified\":\"2024-06-11T11:36:13Z\"}<\/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\/05\/Depositphotos_179514440_s-2019.jpg?fit=1000%2C667","amp_enabled":true,"_links":{"self":[{"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/posts\/565356"}],"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=565356"}],"version-history":[{"count":0,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/posts\/565356\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/media\/463396"}],"wp:attachment":[{"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/media?parent=565356"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/categories?post=565356"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/tags?post=565356"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}