{"id":472344,"date":"2021-09-24T03:08:30","date_gmt":"2021-09-24T03:08:30","guid":{"rendered":"https:\/\/wncen.com\/?p=472344"},"modified":"2024-06-11T13:58:54","modified_gmt":"2024-06-11T13:58:54","slug":"bitcoin-revisits-45k","status":"publish","type":"post","link":"https:\/\/wncen.com\/news\/bitcoin-revisits-45k\/","title":{"rendered":"TA: Bitcoin Revisits $45K, Why Dips Turn Attractive In Short-term"},"content":{"rendered":"
Bitcoin price extended its increase above the $44,000 level against the US Dollar. BTC traded close to $45,000 and it might correct lower in the short-term.<\/em><\/p>\n Bitcoin price started a decent increase above the $43,000 level. BTC remained well bid and it managed to clear the $44,000 resistance level<\/a> plus the 100 hourly simple moving average.<\/p>\n The price even climbed above the $44,500 level and traded close to the $45,000 level. A high is formed near $44,934 and the price is now correcting lower. There was a break below the $44,500 and $44,400 levels.<\/p>\n An immediate support is near the $44,300 level. There is also a key rising channel forming with support near $44,250 on the hourly chart of the BTC\/USD pair. The pair is also well above the 23.6% Fib retracement level of the recent wave from the $39,580 swing low to $44,934 high.<\/p>\n <\/a><\/p>\n On the upside, an immediate resistance is near the $44,800 level. The first major resistance is near the $45,000 level. A clear break above the $44,800 and $45,000 levels could start another increase. The next major resistance is near the $46,200 zone, above which the price could rise towards the $47,000 resistance.<\/p>\n If bitcoin fails to clear the $45,000 resistance zone, it could start a fresh decline. An immediate support on the downside is near the $44,300 level.<\/p>\n\n
Bitcoin Price Extends Increase<\/h2>\n
Source: BTCUSD on TradingView.com<\/a><\/pre>\n
Dips Limited In BTC?<\/h2>\n