{"id":376543,"date":"2019-03-31T05:30:22","date_gmt":"2019-03-31T05:30:22","guid":{"rendered":"https:\/\/wncen.com\/?p=376543"},"modified":"2024-06-11T12:51:22","modified_gmt":"2024-06-11T12:51:22","slug":"bitcoin-btc-price-trend-overwhelmingly-bullish-bulls-aim-4400","status":"publish","type":"post","link":"https:\/\/wncen.com\/news\/bitcoin-btc-price-trend-overwhelmingly-bullish-bulls-aim-4400\/","title":{"rendered":"Bitcoin (BTC) Price Trend Overwhelmingly Bullish, Bulls Aim $4,400"},"content":{"rendered":"<ul>\n<li>Bitcoin price gained traction in the past few days and traded to new a new monthly high at $4,132 against the US Dollar.<\/li>\n<li>The price corrected lower recently, but it found support near the $4,050 and $4,040 levels.<\/li>\n<li>There is a major ascending channel in place with support at $4,070 on the 4-hours chart of the BTC\/USD pair (data feed from Kraken).<\/li>\n<li>The pair might decline towards the $4,040 support once again before climbing higher in the near term.<\/li>\n<\/ul>\n<p><em>Bitcoin price is trading in a strong uptrend above $4,000 against the US Dollar. BTC\/USD must stay above the $4,040 support to climb further higher above $4,150 and $4,200.<\/em><\/p>\n<h2>Bitcoin Price Weekly Analysis (BTC)<\/h2>\n<p>This past week, there was a <a href=\"https:\/\/wncen.com\/2019\/03\/29\/bitcoin-btc-price-could-rally-significantly-above-4050\/\" target=\"_blank\" rel=\"noopener noreferrer \">strong upside break<\/a> above the $4,000 resistance in bitcoin price against the US Dollar. Later, the BTC\/USD pair formed a support base above the $3,980 and $4,000 levels for the next wave. Finally, there was a sharp upward move above the $4,040 pivot level. The price gained traction and broke the $4,100 resistance area. A new monthly high was formed at $4,132 before the price started a downside correction.<\/p>\n<p>The price traded below the $4,080 level, but it stayed well above the 100 simple moving average (4-hours). There was a break below the 50% Fib retracement level of the last wave from the $3.995 swing low to $4,132 high. However, the $4,040 and $4,050 support levels acted as a strong buy zone. Besides, the 61.8% Fib retracement level of the last wave from the $3.995 swing low to $4,132 high acted as a solid buy zone. There is also a major ascending channel in place with support at $4,070 on the 4-hours chart of the BTC\/USD pair.<\/p>\n<p>If there is a downside break below the channel support, the price may revisit the <a href=\"https:\/\/wncen.com\/2019\/03\/30\/bitcoin-btc-price-following-steady-uptrend-dips-remain-attractive\/\" target=\"_blank\" rel=\"noopener noreferrer \">$4,040 support area<\/a>. As long as the price is above the $4,040 support area, there are chances of a fresh upward move above $4,100 and $4,150. The next key resistance above $4,150 is near the $4,200. The main aim for bulls in the coming days could be $4,400.<\/p>\n<p><img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" class=\"alignnone size-full wp-image-376544\" src=\"https:\/\/wncen.com\/wp-content\/uploads\/2019\/03\/Bitcoin-28.png?resize=1828%2C868\" alt=\"Bitcoin Price Weekly Analysis BTC Chart\" width=\"1828\" height=\"868\" srcset=\"https:\/\/wncen.com\/wp-content\/uploads\/2019\/03\/Bitcoin-28.png?w=1828 1828w, https:\/\/wncen.com\/wp-content\/uploads\/2019\/03\/Bitcoin-28.png?w=460 460w, https:\/\/wncen.com\/wp-content\/uploads\/2019\/03\/Bitcoin-28.png?w=768 768w, https:\/\/wncen.com\/wp-content\/uploads\/2019\/03\/Bitcoin-28.png?w=860 860w, https:\/\/wncen.com\/wp-content\/uploads\/2019\/03\/Bitcoin-28.png?w=1536 1536w, https:\/\/wncen.com\/wp-content\/uploads\/2019\/03\/Bitcoin-28.png?w=750 750w, https:\/\/wncen.com\/wp-content\/uploads\/2019\/03\/Bitcoin-28.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>, BTC price seems to be following a decent uptrend above the $4,000 and $4,040 support levels. In the short term, there could be range moves above $4,040 before a fresh increase. A convincing break above the $4,132 high is likely to set the pace for more gains towards the $4,200 and $4,400 levels.<\/p>\n<h2>Technical indicators<\/h2>\n<p>4 hours MACD \u2013 The MACD for BTC\/USD is slowly moving into the bearish zone.<\/p>\n<p>4 hours RSI (Relative Strength Index) \u2013 The RSI for BTC\/USD is placed well above the 60 level.<\/p>\n<p>Major Support Level \u2013 $4,040<\/p>\n<p>Major Resistance Level \u2013 $4,130<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Bitcoin price gained traction in the past few days and traded to new a new monthly high at $4,132 against the US Dollar. The price corrected lower recently, but it found support near the $4,050 and $4,040 levels. There is a major ascending channel in place with support at $4,070 on the 4-hours chart of the BTC\/USD pair (data feed from Kraken). The pair might decline towards the $4,040 support once again before climbing higher in the near term. Bitcoin price is trading in a strong uptrend above $4,000 against the US Dollar. BTC\/USD must stay above the $4,040 support to climb further higher above $4,150 and $4,200. Bitcoin Price Weekly Analysis (BTC) This past week, there was a strong upside break above the $4,000 resistance in bitcoin price against the US Dollar. Later, the BTC\/USD pair formed a support base above the $3,980 and $4,000 levels for the next wave. Finally, there was a sharp upward move above the $4,040 pivot level. The price gained traction and broke the $4,100 resistance area. A new monthly high was formed at $4,132 before the price started a downside correction. The price traded below the $4,080 level, but it stayed well above the 100 simple moving average (4-hours). There was a break below the 50% Fib retracement level of the last wave from the $3.995 swing low to $4,132 high. However, the $4,040 and $4,050 support levels acted as a strong buy zone. Besides, the 61.8% Fib retracement level of the last wave from the $3.995 swing low to $4,132 high acted as a solid buy zone. There is also a major ascending channel in place with support at $4,070 on the 4-hours chart of the BTC\/USD pair. If there is a downside break below the channel support, the price may revisit the $4,040 support area. As long as the price is above the $4,040 support area, there are chances of a fresh upward move above $4,100 and $4,150. The next key resistance above $4,150 is near the $4,200. The main aim for bulls in the coming days could be $4,400. Looking at the chart, BTC price seems to be following a decent uptrend above the $4,000 and $4,040 support levels. In the short term, there could be range moves above $4,040 before a fresh increase. A convincing break above the $4,132 high is likely to set the pace for more gains towards the $4,200 and $4,400 levels. Technical indicators 4 hours MACD \u2013 The MACD for BTC\/USD is slowly moving into the bearish zone. 4 hours RSI (Relative Strength Index) \u2013 The RSI for BTC\/USD is placed well above the 60 level. Major Support Level \u2013 $4,040 Major Resistance Level \u2013 $4,130<\/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-376543","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 Trend Overwhelmingly Bullish, Bulls Aim $4,400<\/title>\n<meta name=\"description\" content=\"Bitcoin price is trading in a strong uptrend above $4,000 against the US Dollar. 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