{"id":376816,"date":"2019-04-02T06:30:35","date_gmt":"2019-04-02T06:30:35","guid":{"rendered":"https:\/\/wncen.com\/?p=376816"},"modified":"2024-06-11T12:51:10","modified_gmt":"2024-06-11T12:51:10","slug":"bitcoin-btc-price-skyrockets-to-5k-as-uptrend-solidifies","status":"publish","type":"post","link":"https:\/\/wncen.com\/news\/bitcoin-btc-price-skyrockets-to-5k-as-uptrend-solidifies\/","title":{"rendered":"Bitcoin (BTC) Price Skyrockets To $5K As Uptrend Solidifies"},"content":{"rendered":"<ul>\n<li>Bitcoin price surged more than 15% and cleared the main $4,200 resistance against the US Dollar.<\/li>\n<li>The price rallied close to the $5,000 and $5,200 resistance levels, where sellers emerged.<\/li>\n<li>There was a break above a crucial contracting triangle with resistance at $4,200 on the daily chart of the BTC\/USD pair (data feed from Kraken).<\/li>\n<li>The pair almost touched a strong resistance zone near $5,000 before pulling back to $4,750.<\/li>\n<\/ul>\n<p><em>Bitcoin price rallied above $4,200, $4,400 and $4,750 against the US Dollar. BTC traded towards the $5,000 resistance and it is currently correcting lower.<\/em><\/p>\n<h2>Bitcoin Price Analysis<\/h2>\n<p>In the past few analysis, we discussed the importance of the $4,140 and $4,200 resistances for bitcoin price against the US Dollar. The BTC\/USD pair formed a solid support base above the $3,900 level and it recently settled above the $4,000 pivot level. It opened the <a href=\"https:\/\/wncen.com\/2019\/04\/01\/bitcoin-btc-price-could-make-a-sustained-move-higher\/\" target=\"_blank\" rel=\"noopener noreferrer \">doors for more upsides<\/a> since the price even settled above the $4,100 and the 100-day simple moving average. Today, bulls gained momentum, resulting in a strong upside break above the $4,200 and $4,400 resistance levels.<\/p>\n<p>More importantly, there was a break above a crucial contracting triangle with resistance at $4,200 on the daily chart of the BTC\/USD pair. These are strong bullish signs since the price settled above the $4,200 and $4,400 hurdles. The <a href=\"https:\/\/wncen.com\/2019\/03\/31\/bitcoin-btc-price-trend-overwhelmingly-bullish-bulls-aim-4400\/\" target=\"_blank\" rel=\"noopener noreferrer \">market sentiment improved<\/a> and the price even spiked above the 50% Fib retracement level of the last decline from the $6,546 high to $3,122 swing low. The price even climbed towards the $5,200 barrier, but it failed to retain momentum.<\/p>\n<p>There was no test of the 61.8% Fib retracement level of the last decline from the $6,546 high to $3,122 swing low. BTC retreated from highs and it is currently trading near the $4,750 level. On the downside, there are many supports near the $4,400 level. The recent rally above key resistances has cleared the path for more upsides above $5,000. If there is a downside correction, the previous important resistance at $4,200 is likely to act as a strong support.<\/p>\n<p><img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" class=\"alignnone size-full wp-image-376817\" src=\"https:\/\/wncen.com\/wp-content\/uploads\/2019\/04\/Bitcoin-1.png?resize=1828%2C868\" alt=\"Bitcoin Price Analysis BTC Chart\" width=\"1828\" height=\"868\" srcset=\"https:\/\/wncen.com\/wp-content\/uploads\/2019\/04\/Bitcoin-1.png?w=1828 1828w, https:\/\/wncen.com\/wp-content\/uploads\/2019\/04\/Bitcoin-1.png?w=460 460w, https:\/\/wncen.com\/wp-content\/uploads\/2019\/04\/Bitcoin-1.png?w=768 768w, https:\/\/wncen.com\/wp-content\/uploads\/2019\/04\/Bitcoin-1.png?w=860 860w, https:\/\/wncen.com\/wp-content\/uploads\/2019\/04\/Bitcoin-1.png?w=1536 1536w, https:\/\/wncen.com\/wp-content\/uploads\/2019\/04\/Bitcoin-1.png?w=750 750w, https:\/\/wncen.com\/wp-content\/uploads\/2019\/04\/Bitcoin-1.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 cleared surged after it broke the main $4,200 resistance. These are strong bullish signs, increasing chances of more upsides in the coming days. The next major resistance to watch out is at $5,200. If buyers even manage to surpass $5,200, the previous breakdown support at $6,000 could be tested (a strong sell zone).<\/p>\n<p>Technical indicators:<\/p>\n<p>Daily MACD \u2013 The MACD is gaining momentum in the bullish zone.<\/p>\n<p>Daily RSI (Relative Strength Index) \u2013 The RSI for BTC\/USD surged above the 70 level with many positive signs.<\/p>\n<p>Major Support Levels \u2013 $4,400 followed by $4,200.<\/p>\n<p>Major Resistance Levels \u2013 $4,850, $5,000 and $5,200.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Bitcoin price surged more than 15% and cleared the main $4,200 resistance against the US Dollar. The price rallied close to the $5,000 and $5,200 resistance levels, where sellers emerged. There was a break above a crucial contracting triangle with resistance at $4,200 on the daily chart of the BTC\/USD pair (data feed from Kraken). The pair almost touched a strong resistance zone near $5,000 before pulling back to $4,750. Bitcoin price rallied above $4,200, $4,400 and $4,750 against the US Dollar. BTC traded towards the $5,000 resistance and it is currently correcting lower. Bitcoin Price Analysis In the past few analysis, we discussed the importance of the $4,140 and $4,200 resistances for bitcoin price against the US Dollar. The BTC\/USD pair formed a solid support base above the $3,900 level and it recently settled above the $4,000 pivot level. It opened the doors for more upsides since the price even settled above the $4,100 and the 100-day simple moving average. Today, bulls gained momentum, resulting in a strong upside break above the $4,200 and $4,400 resistance levels. More importantly, there was a break above a crucial contracting triangle with resistance at $4,200 on the daily chart of the BTC\/USD pair. These are strong bullish signs since the price settled above the $4,200 and $4,400 hurdles. The market sentiment improved and the price even spiked above the 50% Fib retracement level of the last decline from the $6,546 high to $3,122 swing low. The price even climbed towards the $5,200 barrier, but it failed to retain momentum. There was no test of the 61.8% Fib retracement level of the last decline from the $6,546 high to $3,122 swing low. BTC retreated from highs and it is currently trading near the $4,750 level. On the downside, there are many supports near the $4,400 level. The recent rally above key resistances has cleared the path for more upsides above $5,000. If there is a downside correction, the previous important resistance at $4,200 is likely to act as a strong support. Looking at the chart, bitcoin price cleared surged after it broke the main $4,200 resistance. These are strong bullish signs, increasing chances of more upsides in the coming days. The next major resistance to watch out is at $5,200. If buyers even manage to surpass $5,200, the previous breakdown support at $6,000 could be tested (a strong sell zone). Technical indicators: Daily MACD \u2013 The MACD is gaining momentum in the bullish zone. Daily RSI (Relative Strength Index) \u2013 The RSI for BTC\/USD surged above the 70 level with many positive signs. Major Support Levels \u2013 $4,400 followed by $4,200. Major Resistance Levels \u2013 $4,850, $5,000 and $5,200.<\/p>\n","protected":false},"author":67,"featured_media":344596,"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-376816","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 Skyrockets To $5K As Uptrend Solidifies<\/title>\n<meta name=\"description\" content=\"Bitcoin price rallied above $4,200, $4,400 and $4,750 against the US Dollar. 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BTC traded towards the $5,000 resistance and it is currently correcting lower.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/wncen.com\/news\/bitcoin-btc-price-skyrockets-to-5k-as-uptrend-solidifies\/\" \/>\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=\"2019-04-02T06:30:35+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2024-06-11T12:51:10+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/wncen.com\/wp-content\/uploads\/2018\/08\/techanalysis-btc8.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-skyrockets-to-5k-as-uptrend-solidifies\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/wncen.com\/news\/bitcoin-btc-price-skyrockets-to-5k-as-uptrend-solidifies\/\"},\"author\":{\"name\":\"Aayush Jindal\",\"@id\":\"https:\/\/wncen.com\/#\/schema\/person\/1f8631be4d0868de3fd2f21f17d9ae70\"},\"headline\":\"Bitcoin (BTC) Price Skyrockets To $5K As Uptrend Solidifies\",\"datePublished\":\"2019-04-02T06:30:35+00:00\",\"dateModified\":\"2024-06-11T12:51:10+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/wncen.com\/news\/bitcoin-btc-price-skyrockets-to-5k-as-uptrend-solidifies\/\"},\"wordCount\":413,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\/\/wncen.com\/#organization\"},\"image\":{\"@id\":\"https:\/\/wncen.com\/news\/bitcoin-btc-price-skyrockets-to-5k-as-uptrend-solidifies\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/wncen.com\/wp-content\/uploads\/2018\/08\/techanalysis-btc8.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-skyrockets-to-5k-as-uptrend-solidifies\/#respond\"]}],\"copyrightYear\":\"2019\",\"copyrightHolder\":{\"@id\":\"https:\/\/wncen.com\/#organization\"}},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/wncen.com\/news\/bitcoin-btc-price-skyrockets-to-5k-as-uptrend-solidifies\/\",\"url\":\"https:\/\/wncen.com\/news\/bitcoin-btc-price-skyrockets-to-5k-as-uptrend-solidifies\/\",\"name\":\"Bitcoin (BTC) Price Skyrockets To $5K As Uptrend Solidifies\",\"isPartOf\":{\"@id\":\"https:\/\/wncen.com\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/wncen.com\/news\/bitcoin-btc-price-skyrockets-to-5k-as-uptrend-solidifies\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/wncen.com\/news\/bitcoin-btc-price-skyrockets-to-5k-as-uptrend-solidifies\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/wncen.com\/wp-content\/uploads\/2018\/08\/techanalysis-btc8.jpg?fit=1200%2C600\",\"datePublished\":\"2019-04-02T06:30:35+00:00\",\"dateModified\":\"2024-06-11T12:51:10+00:00\",\"description\":\"Bitcoin price rallied above $4,200, $4,400 and $4,750 against the US Dollar. 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