{"id":388514,"date":"2019-07-03T06:00:27","date_gmt":"2019-07-03T06:00:27","guid":{"rendered":"https:\/\/wncen.com\/?p=388514"},"modified":"2024-06-11T12:52:24","modified_gmt":"2024-06-11T12:52:24","slug":"bitcoin-btc-reversal-unfolds-bulls-target-12k-or-12-5k","status":"publish","type":"post","link":"https:\/\/wncen.com\/news\/bitcoin-btc-reversal-unfolds-bulls-target-12k-or-12-5k\/","title":{"rendered":"Bitcoin (BTC) Reversal Unfolds: Bulls Target $12K or $12.5K"},"content":{"rendered":"<ul>\n<li>A strong support base is forming near the $9,700 level after a strong decline.<\/li>\n<li>A swing low was formed at $9,679 before the price started a strong upward move.<\/li>\n<li>Yesterday\u2019s crucial declining channel was breached with resistance near $10,120 on the hourly chart of the BTC\/USD pair (data feed from Kraken).<\/li>\n<li>The pair is currently gaining momentum above $11,200 and it could accelerate towards $12,000.<\/li>\n<\/ul>\n<p><em>There was a strong bounce in bitcoin price above the $11,000 level against the US Dollar. BTC price is up more than 10% and it could continue to rise towards $12,000 in the near term.<\/em><\/p>\n<h2>Bitcoin Price Analysis<\/h2>\n<p>Yesterday, there was a <a href=\"https:\/\/wncen.com\/2019\/07\/02\/bitcoin-price-dives-bears-aim-9200\/\" target=\"_blank\" rel=\"noopener noreferrer \">downside extension<\/a> below $10,000 in bitcoin price against the US Dollar. The BTC\/USD pair traded to a new monthly low at $9,679 before the bulls took a stand. There was a major reversal pattern formed and the price climbed sharply above the $10,000 and $10,500 resistance levels. It even cleared the $10,850 resistance area and the 100 hourly simple moving average.<\/p>\n<p>Moreover, yesterday\u2019s crucial declining channel was breached with resistance near $10,120 on the hourly chart of the BTC\/USD pair. The pair surged above the 50% Fib retracement level of the last major drop from the $12,310 high $9,679 swing low. It is now trading nicely above the $11,400 level and the 100 hourly SMA. An immediate resistance is near the $11,700 level.<\/p>\n<p>Moreover, the 76.4% Fib retracement level of the last major drop from the $12,310 high $9,679 swing low might act as a resistance. If there is an <a href=\"https:\/\/wncen.com\/2019\/07\/01\/bitcoin-forming-double-bottom-can-bulls-gain-momentum\/\" target=\"_blank\" rel=\"noopener noreferrer \">upside break<\/a> above the $11,700 level, bitcoin price is likely to test the $12,000 resistance. Any further gains could push the price towards the key $12,500 resistance area.<\/p>\n<p>On the downside, an immediate support is near the $11,400 level. However, the main support is near the $11,200 level and the 100 hourly simple moving average. If the price fails to stay above the 100 hourly simple moving average, it could correct lower towards the $10,800 support area. Any further losses might push the price back towards the $10,200 support area.<\/p>\n<p><a href=\"https:\/\/wncen.com\/wp-content\/uploads\/2019\/07\/Bitcoin-2.png\"><img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" class=\"alignnone size-full wp-image-388515\" src=\"https:\/\/wncen.com\/wp-content\/uploads\/2019\/07\/Bitcoin-2.png?resize=1828%2C868\" alt=\"Bitcoin Price Analysis BTC Chart\" width=\"1828\" height=\"868\" srcset=\"https:\/\/wncen.com\/wp-content\/uploads\/2019\/07\/Bitcoin-2.png?w=1828 1828w, https:\/\/wncen.com\/wp-content\/uploads\/2019\/07\/Bitcoin-2.png?w=460 460w, https:\/\/wncen.com\/wp-content\/uploads\/2019\/07\/Bitcoin-2.png?w=768 768w, https:\/\/wncen.com\/wp-content\/uploads\/2019\/07\/Bitcoin-2.png?w=860 860w, https:\/\/wncen.com\/wp-content\/uploads\/2019\/07\/Bitcoin-2.png?w=1536 1536w, https:\/\/wncen.com\/wp-content\/uploads\/2019\/07\/Bitcoin-2.png?w=750 750w, https:\/\/wncen.com\/wp-content\/uploads\/2019\/07\/Bitcoin-2.png?w=1140 1140w\" sizes=\"(max-width: 1000px) 100vw, 1000px\"><\/a>btc<\/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 clearly surging and it seems like a fresh bottom is in place near $10,000. If it clears the $12,000 level, it will be a strong bullish signal. In the mentioned case, the price could continue to rise towards the last major swing high near $13,500.<\/p>\n<p>Technical indicators:<\/p>\n<p>Hourly MACD \u2013 The MACD is gaining pace in the bullish zone.<\/p>\n<p>Hourly RSI (Relative Strength Index) \u2013 The RSI for BTC\/USD is now well above the 55 level, with a bullish angle.<\/p>\n<p>Major Support Levels \u2013 $11,400 followed by $11,200.<\/p>\n<p>Major Resistance Levels \u2013 $11,700, $12,000 and $12,200.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>A strong support base is forming near the $9,700 level after a strong decline. A swing low was formed at $9,679 before the price started a strong upward move. Yesterday\u2019s crucial declining channel was breached with resistance near $10,120 on the hourly chart of the BTC\/USD pair (data feed from Kraken). The pair is currently gaining momentum above $11,200 and it could accelerate towards $12,000. There was a strong bounce in bitcoin price above the $11,000 level against the US Dollar. BTC price is up more than 10% and it could continue to rise towards $12,000 in the near term. Bitcoin Price Analysis Yesterday, there was a downside extension below $10,000 in bitcoin price against the US Dollar. The BTC\/USD pair traded to a new monthly low at $9,679 before the bulls took a stand. There was a major reversal pattern formed and the price climbed sharply above the $10,000 and $10,500 resistance levels. It even cleared the $10,850 resistance area and the 100 hourly simple moving average. Moreover, yesterday\u2019s crucial declining channel was breached with resistance near $10,120 on the hourly chart of the BTC\/USD pair. The pair surged above the 50% Fib retracement level of the last major drop from the $12,310 high $9,679 swing low. It is now trading nicely above the $11,400 level and the 100 hourly SMA. An immediate resistance is near the $11,700 level. Moreover, the 76.4% Fib retracement level of the last major drop from the $12,310 high $9,679 swing low might act as a resistance. If there is an upside break above the $11,700 level, bitcoin price is likely to test the $12,000 resistance. Any further gains could push the price towards the key $12,500 resistance area. On the downside, an immediate support is near the $11,400 level. However, the main support is near the $11,200 level and the 100 hourly simple moving average. If the price fails to stay above the 100 hourly simple moving average, it could correct lower towards the $10,800 support area. Any further losses might push the price back towards the $10,200 support area. btc Looking at the chart, bitcoin price is clearly surging and it seems like a fresh bottom is in place near $10,000. If it clears the $12,000 level, it will be a strong bullish signal. In the mentioned case, the price could continue to rise towards the last major swing high near $13,500. Technical indicators: Hourly MACD \u2013 The MACD is gaining pace in the bullish zone. Hourly RSI (Relative Strength Index) \u2013 The RSI for BTC\/USD is now well above the 55 level, with a bullish angle. Major Support Levels \u2013 $11,400 followed by $11,200. Major Resistance Levels \u2013 $11,700, $12,000 and $12,200.<\/p>\n","protected":false},"author":67,"featured_media":380680,"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-388514","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-bitcoin","tag-btc"],"acf":[],"yoast_head":"\n<title>Bitcoin (BTC) Reversal Unfolds: Bulls Target $12K or $12.5K<\/title>\n<meta name=\"description\" content=\"There was a strong bounce in bitcoin price above the $11,000 level against the US Dollar. BTC price is up more than 10% and it could continue to rise towards $12,000 in the near term.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/wncen.com\/news\/bitcoin-btc-reversal-unfolds-bulls-target-12k-or-12-5k\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Bitcoin (BTC) Reversal Unfolds: Bulls Target $12K or $12.5K\" \/>\n<meta property=\"og:description\" content=\"There was a strong bounce in bitcoin price above the $11,000 level against the US Dollar. BTC price is up more than 10% and it could continue to rise towards $12,000 in the near term.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/wncen.com\/news\/bitcoin-btc-reversal-unfolds-bulls-target-12k-or-12-5k\/\" \/>\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=\"2019-07-03T06:00:27+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2024-06-11T12:52:24+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/wncen.com\/wp-content\/uploads\/2019\/05\/bitcoin_bullish.jpg?fit=1280%2C768\" \/>\n\t<meta property=\"og:image:width\" content=\"1280\" \/>\n\t<meta property=\"og:image:height\" content=\"768\" \/>\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-reversal-unfolds-bulls-target-12k-or-12-5k\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/wncen.com\/news\/bitcoin-btc-reversal-unfolds-bulls-target-12k-or-12-5k\/\"},\"author\":{\"name\":\"Aayush Jindal\",\"@id\":\"https:\/\/wncen.com\/#\/schema\/person\/1f8631be4d0868de3fd2f21f17d9ae70\"},\"headline\":\"Bitcoin (BTC) Reversal Unfolds: Bulls Target $12K or $12.5K\",\"datePublished\":\"2019-07-03T06:00:27+00:00\",\"dateModified\":\"2024-06-11T12:52:24+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/wncen.com\/news\/bitcoin-btc-reversal-unfolds-bulls-target-12k-or-12-5k\/\"},\"wordCount\":420,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\/\/wncen.com\/#organization\"},\"image\":{\"@id\":\"https:\/\/wncen.com\/news\/bitcoin-btc-reversal-unfolds-bulls-target-12k-or-12-5k\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/wncen.com\/wp-content\/uploads\/2019\/05\/bitcoin_bullish.jpg?fit=1280%2C768\",\"keywords\":[\"bitcoin\",\"btc\"],\"articleSection\":[\"Cryptocurrency Market News\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/wncen.com\/news\/bitcoin-btc-reversal-unfolds-bulls-target-12k-or-12-5k\/#respond\"]}],\"copyrightYear\":\"2019\",\"copyrightHolder\":{\"@id\":\"https:\/\/wncen.com\/#organization\"}},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/wncen.com\/news\/bitcoin-btc-reversal-unfolds-bulls-target-12k-or-12-5k\/\",\"url\":\"https:\/\/wncen.com\/news\/bitcoin-btc-reversal-unfolds-bulls-target-12k-or-12-5k\/\",\"name\":\"Bitcoin (BTC) Reversal Unfolds: Bulls Target $12K or $12.5K\",\"isPartOf\":{\"@id\":\"https:\/\/wncen.com\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/wncen.com\/news\/bitcoin-btc-reversal-unfolds-bulls-target-12k-or-12-5k\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/wncen.com\/news\/bitcoin-btc-reversal-unfolds-bulls-target-12k-or-12-5k\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/wncen.com\/wp-content\/uploads\/2019\/05\/bitcoin_bullish.jpg?fit=1280%2C768\",\"datePublished\":\"2019-07-03T06:00:27+00:00\",\"dateModified\":\"2024-06-11T12:52:24+00:00\",\"description\":\"There was a strong bounce in bitcoin price above the $11,000 level against the US Dollar. BTC price is up more than 10% and it could continue to rise towards $12,000 in the near term.\",\"breadcrumb\":{\"@id\":\"https:\/\/wncen.com\/news\/bitcoin-btc-reversal-unfolds-bulls-target-12k-or-12-5k\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/wncen.com\/news\/bitcoin-btc-reversal-unfolds-bulls-target-12k-or-12-5k\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/wncen.com\/news\/bitcoin-btc-reversal-unfolds-bulls-target-12k-or-12-5k\/#primaryimage\",\"url\":\"https:\/\/wncen.com\/wp-content\/uploads\/2019\/05\/bitcoin_bullish.jpg?fit=1280%2C768\",\"contentUrl\":\"https:\/\/wncen.com\/wp-content\/uploads\/2019\/05\/bitcoin_bullish.jpg?fit=1280%2C768\",\"width\":1280,\"height\":768,\"caption\":\"Bitcoin price BTC bullish\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/wncen.com\/news\/bitcoin-btc-reversal-unfolds-bulls-target-12k-or-12-5k\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/wncen.com\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Bitcoin (BTC) Reversal Unfolds: Bulls Target $12K or $12.5K\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/wncen.com\/#website\",\"url\":\"https:\/\/wncen.com\/\",\"name\":\"NewsBTC\",\"description\":\"Bitcoin &amp; Cryptocurrency News Today\",\"publisher\":{\"@id\":\"https:\/\/wncen.com\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/wncen.com\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/wncen.com\/#organization\",\"name\":\"NewsBTC\",\"url\":\"https:\/\/wncen.com\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/wncen.com\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/wncen.com\/wp-content\/uploads\/2020\/06\/logo-min.png?fit=157%2C46\",\"contentUrl\":\"https:\/\/wncen.com\/wp-content\/uploads\/2020\/06\/logo-min.png?fit=157%2C46\",\"width\":157,\"height\":46,\"caption\":\"NewsBTC\"},\"image\":{\"@id\":\"https:\/\/wncen.com\/#\/schema\/logo\/image\/\"},\"sameAs\":[\"https:\/\/www.facebook.com\/newsbtc\",\"https:\/\/x.com\/newsbtc\",\"https:\/\/www.youtube.com\/channel\/UC9v9erBEru5y4c3FA0wehEw\"]},{\"@type\":\"Person\",\"@id\":\"https:\/\/wncen.com\/#\/schema\/person\/1f8631be4d0868de3fd2f21f17d9ae70\",\"name\":\"Aayush Jindal\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/wncen.com\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/a4650459bf0ce4ce9ed18195cbf5a02d?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/a4650459bf0ce4ce9ed18195cbf5a02d?s=96&d=mm&r=g\",\"caption\":\"Aayush Jindal\"},\"description\":\"Aayush Jindal, a luminary in the world of financial markets, whose expertise spans over 15 illustrious years in the realms of Forex and cryptocurrency trading. Renowned for his unparalleled proficiency in providing technical analysis, Aayush is a trusted advisor and senior market expert to investors worldwide, guiding them through the intricate landscapes of modern finance with his keen insights and astute chart analysis. From a young age, Aayush exhibited a natural aptitude for deciphering complex systems and unraveling patterns. Fueled by an insatiable curiosity for understanding market dynamics, he embarked on a journey that would lead him to become one of the foremost authorities in the fields of Forex and crypto trading. With a meticulous eye for detail and an unwavering commitment to excellence, Aayush honed his craft over the years, mastering the art of technical analysis and chart interpretation. As a software engineer, Aayush harnesses the power of technology to optimize trading strategies and develop innovative solutions for navigating the volatile waters of financial markets. 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:\/\/wncen.com\/author\/aayushjindal\/\"}]}<\/script>\n","yoast_head_json":{"title":"Bitcoin (BTC) Reversal Unfolds: Bulls Target $12K or $12.5K","description":"There was a strong bounce in bitcoin price above the $11,000 level against the US Dollar. BTC price is up more than 10% and it could continue to rise towards $12,000 in the near term.","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/wncen.com\/news\/bitcoin-btc-reversal-unfolds-bulls-target-12k-or-12-5k\/","og_locale":"en_US","og_type":"article","og_title":"Bitcoin (BTC) Reversal Unfolds: Bulls Target $12K or $12.5K","og_description":"There was a strong bounce in bitcoin price above the $11,000 level against the US Dollar. BTC price is up more than 10% and it could continue to rise towards $12,000 in the near term.","og_url":"https:\/\/wncen.com\/news\/bitcoin-btc-reversal-unfolds-bulls-target-12k-or-12-5k\/","og_site_name":"NewsBTC","article_publisher":"https:\/\/www.facebook.com\/newsbtc","article_published_time":"2019-07-03T06:00:27+00:00","article_modified_time":"2024-06-11T12:52:24+00:00","og_image":[{"width":1280,"height":768,"url":"https:\/\/wncen.com\/wp-content\/uploads\/2019\/05\/bitcoin_bullish.jpg?fit=1280%2C768","type":"image\/jpeg"}],"author":"Aayush Jindal","twitter_card":"summary_large_image","twitter_creator":"@twitter.com\/AayushJs","twitter_site":"@newsbtc","twitter_misc":{"Written by":"Aayush Jindal","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"NewsArticle","@id":"https:\/\/wncen.com\/news\/bitcoin-btc-reversal-unfolds-bulls-target-12k-or-12-5k\/#article","isPartOf":{"@id":"https:\/\/wncen.com\/news\/bitcoin-btc-reversal-unfolds-bulls-target-12k-or-12-5k\/"},"author":{"name":"Aayush Jindal","@id":"https:\/\/wncen.com\/#\/schema\/person\/1f8631be4d0868de3fd2f21f17d9ae70"},"headline":"Bitcoin (BTC) Reversal Unfolds: Bulls Target $12K or $12.5K","datePublished":"2019-07-03T06:00:27+00:00","dateModified":"2024-06-11T12:52:24+00:00","mainEntityOfPage":{"@id":"https:\/\/wncen.com\/news\/bitcoin-btc-reversal-unfolds-bulls-target-12k-or-12-5k\/"},"wordCount":420,"commentCount":0,"publisher":{"@id":"https:\/\/wncen.com\/#organization"},"image":{"@id":"https:\/\/wncen.com\/news\/bitcoin-btc-reversal-unfolds-bulls-target-12k-or-12-5k\/#primaryimage"},"thumbnailUrl":"https:\/\/wncen.com\/wp-content\/uploads\/2019\/05\/bitcoin_bullish.jpg?fit=1280%2C768","keywords":["bitcoin","btc"],"articleSection":["Cryptocurrency Market News"],"inLanguage":"en-US","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/wncen.com\/news\/bitcoin-btc-reversal-unfolds-bulls-target-12k-or-12-5k\/#respond"]}],"copyrightYear":"2019","copyrightHolder":{"@id":"https:\/\/wncen.com\/#organization"}},{"@type":"WebPage","@id":"https:\/\/wncen.com\/news\/bitcoin-btc-reversal-unfolds-bulls-target-12k-or-12-5k\/","url":"https:\/\/wncen.com\/news\/bitcoin-btc-reversal-unfolds-bulls-target-12k-or-12-5k\/","name":"Bitcoin (BTC) Reversal Unfolds: Bulls Target $12K or $12.5K","isPartOf":{"@id":"https:\/\/wncen.com\/#website"},"primaryImageOfPage":{"@id":"https:\/\/wncen.com\/news\/bitcoin-btc-reversal-unfolds-bulls-target-12k-or-12-5k\/#primaryimage"},"image":{"@id":"https:\/\/wncen.com\/news\/bitcoin-btc-reversal-unfolds-bulls-target-12k-or-12-5k\/#primaryimage"},"thumbnailUrl":"https:\/\/wncen.com\/wp-content\/uploads\/2019\/05\/bitcoin_bullish.jpg?fit=1280%2C768","datePublished":"2019-07-03T06:00:27+00:00","dateModified":"2024-06-11T12:52:24+00:00","description":"There was a strong bounce in bitcoin price above the $11,000 level against the US Dollar. BTC price is up more than 10% and it could continue to rise towards $12,000 in the near term.","breadcrumb":{"@id":"https:\/\/wncen.com\/news\/bitcoin-btc-reversal-unfolds-bulls-target-12k-or-12-5k\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/wncen.com\/news\/bitcoin-btc-reversal-unfolds-bulls-target-12k-or-12-5k\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/wncen.com\/news\/bitcoin-btc-reversal-unfolds-bulls-target-12k-or-12-5k\/#primaryimage","url":"https:\/\/wncen.com\/wp-content\/uploads\/2019\/05\/bitcoin_bullish.jpg?fit=1280%2C768","contentUrl":"https:\/\/wncen.com\/wp-content\/uploads\/2019\/05\/bitcoin_bullish.jpg?fit=1280%2C768","width":1280,"height":768,"caption":"Bitcoin price BTC bullish"},{"@type":"BreadcrumbList","@id":"https:\/\/wncen.com\/news\/bitcoin-btc-reversal-unfolds-bulls-target-12k-or-12-5k\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/wncen.com\/"},{"@type":"ListItem","position":2,"name":"Bitcoin (BTC) Reversal Unfolds: Bulls Target $12K or $12.5K"}]},{"@type":"WebSite","@id":"https:\/\/wncen.com\/#website","url":"https:\/\/wncen.com\/","name":"NewsBTC","description":"Bitcoin &amp; Cryptocurrency News Today","publisher":{"@id":"https:\/\/wncen.com\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/wncen.com\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/wncen.com\/#organization","name":"NewsBTC","url":"https:\/\/wncen.com\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/wncen.com\/#\/schema\/logo\/image\/","url":"https:\/\/wncen.com\/wp-content\/uploads\/2020\/06\/logo-min.png?fit=157%2C46","contentUrl":"https:\/\/wncen.com\/wp-content\/uploads\/2020\/06\/logo-min.png?fit=157%2C46","width":157,"height":46,"caption":"NewsBTC"},"image":{"@id":"https:\/\/wncen.com\/#\/schema\/logo\/image\/"},"sameAs":["https:\/\/www.facebook.com\/newsbtc","https:\/\/x.com\/newsbtc","https:\/\/www.youtube.com\/channel\/UC9v9erBEru5y4c3FA0wehEw"]},{"@type":"Person","@id":"https:\/\/wncen.com\/#\/schema\/person\/1f8631be4d0868de3fd2f21f17d9ae70","name":"Aayush Jindal","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/wncen.com\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/a4650459bf0ce4ce9ed18195cbf5a02d?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/a4650459bf0ce4ce9ed18195cbf5a02d?s=96&d=mm&r=g","caption":"Aayush Jindal"},"description":"Aayush Jindal, a luminary in the world of financial markets, whose expertise spans over 15 illustrious years in the realms of Forex and cryptocurrency trading. Renowned for his unparalleled proficiency in providing technical analysis, Aayush is a trusted advisor and senior market expert to investors worldwide, guiding them through the intricate landscapes of modern finance with his keen insights and astute chart analysis. From a young age, Aayush exhibited a natural aptitude for deciphering complex systems and unraveling patterns. Fueled by an insatiable curiosity for understanding market dynamics, he embarked on a journey that would lead him to become one of the foremost authorities in the fields of Forex and crypto trading. With a meticulous eye for detail and an unwavering commitment to excellence, Aayush honed his craft over the years, mastering the art of technical analysis and chart interpretation. As a software engineer, Aayush harnesses the power of technology to optimize trading strategies and develop innovative solutions for navigating the volatile waters of financial markets. 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:\/\/wncen.com\/author\/aayushjindal\/"}]}},"parsely":{"version":"1.1.0","meta":{"@context":"https:\/\/schema.org","@type":"NewsArticle","headline":"Bitcoin (BTC) Reversal Unfolds: Bulls Target $12K or $12.5K","url":"http:\/\/wncen.com\/news\/bitcoin-btc-reversal-unfolds-bulls-target-12k-or-12-5k\/","mainEntityOfPage":{"@type":"WebPage","@id":"http:\/\/wncen.com\/news\/bitcoin-btc-reversal-unfolds-bulls-target-12k-or-12-5k\/"},"thumbnailUrl":"https:\/\/wncen.com\/wp-content\/uploads\/2019\/05\/bitcoin_bullish.jpg?resize=200%2C200","image":{"@type":"ImageObject","url":"https:\/\/wncen.com\/wp-content\/uploads\/2019\/05\/bitcoin_bullish.jpg?fit=1280%2C768"},"articleSection":"Cryptocurrency Market News","author":[{"@type":"Person","name":"Aayush Jindal"}],"creator":["Aayush Jindal"],"publisher":{"@type":"Organization","name":"NewsBTC","logo":"https:\/\/wncen.com\/wp-content\/uploads\/2020\/06\/cropped-cropped-cropped-favicon.png?w=32"},"keywords":["bitcoin","btc"],"dateCreated":"2019-07-03T06:00:27Z","datePublished":"2019-07-03T06:00:27Z","dateModified":"2024-06-11T12:52:24Z"},"rendered":"<script type=\"application\/ld+json\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@type\":\"NewsArticle\",\"headline\":\"Bitcoin (BTC) Reversal Unfolds: Bulls Target $12K or $12.5K\",\"url\":\"http:\\\/\\\/wncen.com\\\/news\\\/bitcoin-btc-reversal-unfolds-bulls-target-12k-or-12-5k\\\/\",\"mainEntityOfPage\":{\"@type\":\"WebPage\",\"@id\":\"http:\\\/\\\/wncen.com\\\/news\\\/bitcoin-btc-reversal-unfolds-bulls-target-12k-or-12-5k\\\/\"},\"thumbnailUrl\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2019\\\/05\\\/bitcoin_bullish.jpg?resize=200%2C200\",\"image\":{\"@type\":\"ImageObject\",\"url\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2019\\\/05\\\/bitcoin_bullish.jpg?fit=1280%2C768\"},\"articleSection\":\"Cryptocurrency Market News\",\"author\":[{\"@type\":\"Person\",\"name\":\"Aayush Jindal\"}],\"creator\":[\"Aayush Jindal\"],\"publisher\":{\"@type\":\"Organization\",\"name\":\"NewsBTC\",\"logo\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2020\\\/06\\\/cropped-cropped-cropped-favicon.png?w=32\"},\"keywords\":[\"bitcoin\",\"btc\"],\"dateCreated\":\"2019-07-03T06:00:27Z\",\"datePublished\":\"2019-07-03T06:00:27Z\",\"dateModified\":\"2024-06-11T12:52:24Z\"}<\/script>","tracker_url":"https:\/\/cdn.parsely.com\/keys\/wncen.com\/p.js"},"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"https:\/\/wncen.com\/wp-content\/uploads\/2019\/05\/bitcoin_bullish.jpg?fit=1280%2C768","amp_enabled":true,"_links":{"self":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts\/388514"}],"collection":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/users\/67"}],"replies":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/comments?post=388514"}],"version-history":[{"count":0,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts\/388514\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/media\/380680"}],"wp:attachment":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/media?parent=388514"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/categories?post=388514"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/tags?post=388514"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}