{"id":375509,"date":"2019-03-21T06:30:36","date_gmt":"2019-03-21T06:30:36","guid":{"rendered":"https:\/\/wncen.com\/?p=375509"},"modified":"2024-06-11T12:49:35","modified_gmt":"2024-06-11T12:49:35","slug":"bitcoin-btc-price-and-time-trend-overwhelmingly-bullish","status":"publish","type":"post","link":"https:\/\/wncen.com\/news\/bitcoin-btc-price-and-time-trend-overwhelmingly-bullish\/","title":{"rendered":"Bitcoin (BTC) Price And Time: Trend Overwhelmingly Bullish"},"content":{"rendered":"<ul>\n<li>Bitcoin price is gaining bullish momentum above the $4,000 resistance area against the US Dollar.<\/li>\n<li>The price is trading near monthly highs and it could accelerate above $4,050 and $4,080.<\/li>\n<li>There is a key connecting bullish trend line formed with support at $3,985 on the hourly chart of the BTC\/USD pair (data feed from Kraken).<\/li>\n<li>The current price action indicates a positive uptrend, with chances of gains above $4,100 in the near term.<\/li>\n<\/ul>\n<p><em>Bitcoin price is trading with a positive bias above $4,000 against the US Dollar. Dips in BTC remain supported and buyers seem to be sighting more upsides above $4,050.<\/em><\/p>\n<h2>Bitcoin Price Analysis<\/h2>\n<p>Yesterday, we discussed that bitcoin price is hesitating, but there are <a href=\"https:\/\/wncen.com\/2019\/03\/20\/bitcoin-btc-price-hesitates-but-further-gains-seem-likely\/\" target=\"_blank\" rel=\"noopener noreferrer \">chances of more gains<\/a> above $4,000 against the US Dollar. The BTC\/USD pair formed a solid support base near the $3,940 level and later started an upward move. There was a slow and steady rise above $3,980 and 100 hourly simple moving average. The price climbed above the $4,000 barrier and traded close to the last swing high near $4,050. It traded as high as $4,049 and remains well supported on the downside.<\/p>\n<p>The <a href=\"https:\/\/wncen.com\/2019\/03\/21\/crypto-market-rally-ont-bitcoin-cash-bch-xlm-eos-trx-analysis\/\" target=\"_blank\" rel=\"noopener noreferrer \">crypto market<\/a> (<a href=\"https:\/\/wncen.com\/2019\/03\/21\/ethereum-price-analysis-eth-turning-bullish-targets-fresh-weekly-highs\/\" target=\"_blank\" rel=\"noopener noreferrer \">ETH<\/a>, <a href=\"https:\/\/wncen.com\/2019\/03\/21\/ripple-xrp-price-facing-hurdles-while-bitcoin-ethereum-turn-north\/\" target=\"_blank\" rel=\"noopener noreferrer \">XRP<\/a> and others) seems to be trading with a positive bias, boosting the sentiment for BTC. It is currently correcting lower below $4,030 and the 23.6% Fib retracement level of the recent wave from the $3,969 low to $4,049 high. However, there are many supports near the $4,000 level and the 50% Fib retracement level of the recent wave from the $3,969 low to $4,049 high. There is also a key connecting bullish trend line formed with support at $3,985 on the hourly chart of the BTC\/USD pair.<\/p>\n<p>The trend line support coincides with the 61.8% Fib retracement level of the recent wave from the $3,969 low to $4,049 high.\u00a0 The price is likely to find a strong support near the $4,000 and $3,985 levels. On the upside, an initial resistance is near the $4,050 level, above which the price could climb towards $4,080. The next main resistance is near the $4,100 level.<\/p>\n<p><img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" class=\"alignnone size-full wp-image-375510\" src=\"https:\/\/wncen.com\/wp-content\/uploads\/2019\/03\/Bitcoin-18.png?resize=1828%2C868\" alt=\"Bitcoin Price Analysis BTC Chart\" width=\"1828\" height=\"868\" srcset=\"https:\/\/wncen.com\/wp-content\/uploads\/2019\/03\/Bitcoin-18.png?w=1828 1828w, https:\/\/wncen.com\/wp-content\/uploads\/2019\/03\/Bitcoin-18.png?w=460 460w, https:\/\/wncen.com\/wp-content\/uploads\/2019\/03\/Bitcoin-18.png?w=768 768w, https:\/\/wncen.com\/wp-content\/uploads\/2019\/03\/Bitcoin-18.png?w=860 860w, https:\/\/wncen.com\/wp-content\/uploads\/2019\/03\/Bitcoin-18.png?w=1536 1536w, https:\/\/wncen.com\/wp-content\/uploads\/2019\/03\/Bitcoin-18.png?w=750 750w, https:\/\/wncen.com\/wp-content\/uploads\/2019\/03\/Bitcoin-18.png?w=1140 1140w\" sizes=\"(max-width: 1000px) 100vw, 1000px\"><\/p>\n<p>Looking at the <a href=\"https:\/\/www.tradingview.com\/symbols\/XBTUSD\/\" target=\"_blank\" rel=\"noopener noreferrer nofollow\">chart<\/a>, bitcoin price is placed nicely in an uptrend above $3,980 and it could continue to rise in the near term. On the flip side, if there is a break below $3,980, there could be a downside extension below $3,960. The most important support is at $3,940, below which the price may slide into a bearish zone.<\/p>\n<p>Technical indicators:<\/p>\n<p>Hourly MACD \u2013 The MACD is likely to move into the bearish zone in the short term.<\/p>\n<p>Hourly RSI (Relative Strength Index) \u2013 The RSI for BTC\/USD is currently moving lower towards the 50 level.<\/p>\n<p>Major Support Levels \u2013 $4,000 followed by $3,980.<\/p>\n<p>Major Resistance Levels \u2013 $4,040, $4,050 and $4,080.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Bitcoin price is gaining bullish momentum above the $4,000 resistance area against the US Dollar. The price is trading near monthly highs and it could accelerate above $4,050 and $4,080. There is a key connecting bullish trend line formed with support at $3,985 on the hourly chart of the BTC\/USD pair (data feed from Kraken). The current price action indicates a positive uptrend, with chances of gains above $4,100 in the near term. Bitcoin price is trading with a positive bias above $4,000 against the US Dollar. Dips in BTC remain supported and buyers seem to be sighting more upsides above $4,050. Bitcoin Price Analysis Yesterday, we discussed that bitcoin price is hesitating, but there are chances of more gains above $4,000 against the US Dollar. The BTC\/USD pair formed a solid support base near the $3,940 level and later started an upward move. There was a slow and steady rise above $3,980 and 100 hourly simple moving average. The price climbed above the $4,000 barrier and traded close to the last swing high near $4,050. It traded as high as $4,049 and remains well supported on the downside. The crypto market (ETH, XRP and others) seems to be trading with a positive bias, boosting the sentiment for BTC. It is currently correcting lower below $4,030 and the 23.6% Fib retracement level of the recent wave from the $3,969 low to $4,049 high. However, there are many supports near the $4,000 level and the 50% Fib retracement level of the recent wave from the $3,969 low to $4,049 high. There is also a key connecting bullish trend line formed with support at $3,985 on the hourly chart of the BTC\/USD pair. The trend line support coincides with the 61.8% Fib retracement level of the recent wave from the $3,969 low to $4,049 high.\u00a0 The price is likely to find a strong support near the $4,000 and $3,985 levels. On the upside, an initial resistance is near the $4,050 level, above which the price could climb towards $4,080. The next main resistance is near the $4,100 level. Looking at the chart, bitcoin price is placed nicely in an uptrend above $3,980 and it could continue to rise in the near term. On the flip side, if there is a break below $3,980, there could be a downside extension below $3,960. The most important support is at $3,940, below which the price may slide into a bearish zone. Technical indicators: Hourly MACD \u2013 The MACD is likely to move into the bearish zone in the short term. Hourly RSI (Relative Strength Index) \u2013 The RSI for BTC\/USD is currently moving lower towards the 50 level. Major Support Levels \u2013 $4,000 followed by $3,980. Major Resistance Levels \u2013 $4,040, $4,050 and $4,080.<\/p>\n","protected":false},"author":67,"featured_media":344595,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[3],"tags":[428,1119],"class_list":["post-375509","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-bitcoin","tag-btc"],"acf":[],"yoast_head":"\n<title>Bitcoin (BTC) Price And Time: Trend Overwhelmingly Bullish<\/title>\n<meta name=\"description\" content=\"Bitcoin price is trading with a positive bias above $4,000 against the US Dollar. 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Dips in BTC remain supported and buyers seem to be sighting more upsides above $4,050.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/wncen.com\/news\/bitcoin-btc-price-and-time-trend-overwhelmingly-bullish\/\" \/>\n<meta property=\"og:site_name\" content=\"NewsBTC\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/newsbtc\" \/>\n<meta property=\"article:published_time\" content=\"2019-03-21T06:30:36+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2024-06-11T12:49:35+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/wncen.com\/wp-content\/uploads\/2018\/08\/techanalysis-btc9.jpg?fit=1200%2C600\" \/>\n\t<meta property=\"og:image:width\" content=\"1200\" \/>\n\t<meta property=\"og:image:height\" content=\"600\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Aayush Jindal\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@twitter.com\/AayushJs\" \/>\n<meta name=\"twitter:site\" content=\"@newsbtc\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Aayush Jindal\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"NewsArticle\",\"@id\":\"https:\/\/wncen.com\/news\/bitcoin-btc-price-and-time-trend-overwhelmingly-bullish\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/wncen.com\/news\/bitcoin-btc-price-and-time-trend-overwhelmingly-bullish\/\"},\"author\":{\"name\":\"Aayush Jindal\",\"@id\":\"https:\/\/wncen.com\/#\/schema\/person\/1f8631be4d0868de3fd2f21f17d9ae70\"},\"headline\":\"Bitcoin (BTC) Price And Time: Trend Overwhelmingly Bullish\",\"datePublished\":\"2019-03-21T06:30:36+00:00\",\"dateModified\":\"2024-06-11T12:49:35+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/wncen.com\/news\/bitcoin-btc-price-and-time-trend-overwhelmingly-bullish\/\"},\"wordCount\":426,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\/\/wncen.com\/#organization\"},\"image\":{\"@id\":\"https:\/\/wncen.com\/news\/bitcoin-btc-price-and-time-trend-overwhelmingly-bullish\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/wncen.com\/wp-content\/uploads\/2018\/08\/techanalysis-btc9.jpg?fit=1200%2C600\",\"keywords\":[\"bitcoin\",\"btc\"],\"articleSection\":[\"Cryptocurrency Market News\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/wncen.com\/news\/bitcoin-btc-price-and-time-trend-overwhelmingly-bullish\/#respond\"]}],\"copyrightYear\":\"2019\",\"copyrightHolder\":{\"@id\":\"https:\/\/wncen.com\/#organization\"}},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/wncen.com\/news\/bitcoin-btc-price-and-time-trend-overwhelmingly-bullish\/\",\"url\":\"https:\/\/wncen.com\/news\/bitcoin-btc-price-and-time-trend-overwhelmingly-bullish\/\",\"name\":\"Bitcoin (BTC) Price And Time: Trend Overwhelmingly Bullish\",\"isPartOf\":{\"@id\":\"https:\/\/wncen.com\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/wncen.com\/news\/bitcoin-btc-price-and-time-trend-overwhelmingly-bullish\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/wncen.com\/news\/bitcoin-btc-price-and-time-trend-overwhelmingly-bullish\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/wncen.com\/wp-content\/uploads\/2018\/08\/techanalysis-btc9.jpg?fit=1200%2C600\",\"datePublished\":\"2019-03-21T06:30:36+00:00\",\"dateModified\":\"2024-06-11T12:49:35+00:00\",\"description\":\"Bitcoin price is trading with a positive bias above $4,000 against the US Dollar. 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