{"id":472865,"date":"2021-10-01T03:08:01","date_gmt":"2021-10-01T03:08:01","guid":{"rendered":"https:\/\/wncen.com\/?p=472865"},"modified":"2024-06-11T13:59:06","modified_gmt":"2024-06-11T13:59:06","slug":"bitcoin-reaches-crucial-juncture-44k","status":"publish","type":"post","link":"https:\/\/wncen.com\/news\/bitcoin-reaches-crucial-juncture-44k\/","title":{"rendered":"TA: Bitcoin Reaches Crucial Juncture, Can BTC Clear This Barrier?"},"content":{"rendered":"
Bitcoin price extended its recovery above the $43,500 level against the US Dollar. BTC is now facing a major barrier near $44,200 and $44,400.<\/em><\/p>\n Bitcoin price remained stable and extended its increase<\/a> above the $43,000 level. BTC even broke the $43,500 level and settled above the 100 hourly simple moving average.<\/p>\n However, the price is still struggling to clear the $44,200 and $44,400 resistance levels. A high is formed near $44,100 and the price is now consolidating gains. It is now trading above $43,000 and the 100 hourly simple moving average<\/a>.<\/p>\n An immediate support is near the $43,500 level. There is also a rising channel forming with support near $43,340 on the hourly chart of the BTC\/USD pair.<\/p>\n The channel support is near the 23.6% Fib retracement level of the recent increase from the $40,891 swing low to $44,100 high. On the upside, an immediate resistance is near the $44,100 level.<\/p>\n <\/a><\/p>\n The first major resistance is near the $44,400 level, above which the price could start a major increase. The next major resistance is near the $45,500 level. Any more gains could set the pace for a move towards the $47,200 level.<\/p>\n If bitcoin fails to clear the $44,100 resistance zone, it could start a fresh downside correction. An immediate support on the downside is near the $43,500 level. The first major support is now forming near the $43,350 level and the channel trend line.<\/p>\n A break below the $43,350 level might push the price towards the $42,500 level. It is close to the 50% Fib retracement level of the recent increase from the $40,891 swing low to $44,100 high. Besides, the 100 hourly SMA is near the $42,500 zone to provide support.<\/p>\n Technical indicators:<\/p>\n Hourly MACD \u2013 The MACD is now losing pace in the bullish zone.<\/p>\n Hourly RSI (Relative Strength Index) \u2013 The RSI for BTC\/USD is now well above the 50 level.<\/p>\n Major Support Levels \u2013 $43,350, followed by $42,500.<\/p>\n Major Resistance Levels \u2013 $44,100, $44,400 and $45,500.<\/p>\n","protected":false},"excerpt":{"rendered":" Bitcoin price extended its recovery above the $43,500 level against the US Dollar. BTC is now facing a major barrier near $44,200 and $44,400. Bitcoin recovered above the $42,500 and $43,500 resistance levels. The price is now trading above $43,000 and the 100 hourly simple moving average. There is a rising channel forming with support near $43,340 on the hourly chart of the BTC\/USD pair (data feed from Kraken). The pair could accelerate further higher if there is a clear break above the $44,400 resistance. Bitcoin Price Revisits Resistance Bitcoin price remained stable and extended its increase above the $43,000 level. BTC even broke the $43,500 level and settled above the 100 hourly simple moving average. However, the price is still struggling to clear the $44,200 and $44,400 resistance levels. A high is formed near $44,100 and the price is now consolidating gains. It is now trading above $43,000 and the 100 hourly simple moving average. An immediate support is near the $43,500 level. There is also a rising channel forming with support near $43,340 on the hourly chart of the BTC\/USD pair. The channel support is near the 23.6% Fib retracement level of the recent increase from the $40,891 swing low to $44,100 high. On the upside, an immediate resistance is near the $44,100 level. Source: BTCUSD on TradingView.com The first major resistance is near the $44,400 level, above which the price could start a major increase. The next major resistance is near the $45,500 level. Any more gains could set the pace for a move towards the $47,200 level. Fresh Decline In BTC? If bitcoin fails to clear the $44,100 resistance zone, it could start a fresh downside correction. An immediate support on the downside is near the $43,500 level. The first major support is now forming near the $43,350 level and the channel trend line. A break below the $43,350 level might push the price towards the $42,500 level. It is close to the 50% Fib retracement level of the recent increase from the $40,891 swing low to $44,100 high. Besides, the 100 hourly SMA is near the $42,500 zone to provide support. Technical indicators: Hourly MACD \u2013 The MACD is now losing pace in the bullish zone. Hourly RSI (Relative Strength Index) \u2013 The RSI for BTC\/USD is now well above the 50 level. Major Support Levels \u2013 $43,350, followed by $42,500. Major Resistance Levels \u2013 $44,100, $44,400 and $45,500.<\/p>\n","protected":false},"author":67,"featured_media":461237,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[3],"tags":[428,1144,78790,76835],"class_list":["post-472865","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-bitcoin","tag-btcusd","tag-btcusdt","tag-xbtusd"],"acf":[],"yoast_head":"\n\n
Bitcoin Price Revisits Resistance<\/h2>\n
Source: BTCUSD on TradingView.com<\/a><\/pre>\n
Fresh Decline In BTC?<\/h2>\n