{"id":367447,"date":"2019-01-07T07:00:24","date_gmt":"2019-01-07T07:00:24","guid":{"rendered":"https:\/\/wncen.com\/?p=367447"},"modified":"2024-06-11T13:32:50","modified_gmt":"2024-06-11T13:32:50","slug":"bitcoin-price-watch-btc-breaks-4k-more-gains-possible","status":"publish","type":"post","link":"https:\/\/wncen.com\/news\/bitcoin-price-watch-btc-breaks-4k-more-gains-possible\/","title":{"rendered":"Bitcoin Price Watch: BTC Breaks $4K, More Gains Possible"},"content":{"rendered":"
Bitcoin price gained bullish momentum and cleared $4,000 against the US Dollar. BTC could correct a few points, but it is likely to resume uptrend above $4,100.<\/em><\/p>\n Recently, we discussed about a possible upside break<\/a> above $4,000 in bitcoin price against the US Dollar. The BTC\/USD pair did move higher and broke the $3,950 and $4,000 resistance levels. The recent upward move was strong as the price even cleared the $4,050 level and 100 hourly simple moving average. More importantly, there was a solid hourly candle formed, piercing the $4,000 barrier.<\/p>\n During the rise, there was a break above a major bearish trend line with resistance at $3,830 on the hourly chart of the BTC\/USD pair. The pair traded as high as $4,082 and later started consolidating gains. An initial support is the 23.6% Fib retracement level of the last wave from the $3,762 low to $4,082 high. Below $4,000, the price may move towards the $3,920 support level. It represents the 50% Fib retracement level of the last wave from the $3,762 low to $4,082 high. The main support<\/a> for buyers is near the $3,860 level, which was a strong resistance this past week. Therefore, if there is a downside correction, the price may find bids near the $4,000 and $3,920 levels.<\/p>\n <\/p>\nBitcoin Price Analysis<\/h2>\n