{"id":479834,"date":"2021-12-27T03:08:26","date_gmt":"2021-12-27T03:08:26","guid":{"rendered":"https:\/\/wncen.com\/?p=479834"},"modified":"2024-06-11T14:10:11","modified_gmt":"2024-06-11T14:10:11","slug":"bitcoin-steadies-above-50k-2","status":"publish","type":"post","link":"https:\/\/wncen.com\/news\/bitcoin-steadies-above-50k-2\/","title":{"rendered":"TA: Bitcoin Steadies Above $50K, Why Bulls Aim Fresh Monthly High"},"content":{"rendered":"<p><em>Bitcoin is holding gains above the $50,000 resistance against the US Dollar. BTC is showing positive signs and there could be more gains above $52,000.<\/em><\/p>\n<ul>\n<li>Bitcoin settled above the $50,000 resistance zone and dips remained supported.<\/li>\n<li>The price is trading well above $50,000 and the 100 hourly simple moving average.<\/li>\n<li>There was a break above a key bearish trend line with resistance near $50,400 on the hourly chart of the BTC\/USD pair (data feed from Kraken).<\/li>\n<li>The pair is gaining pace and might soon clear the $51,200 resistance zone in the near term.<\/li>\n<\/ul>\n<h2>Bitcoin Price Gains Pace<\/h2>\n<p>Bitcoin price started a minor <a href=\"https:\/\/wncen.com\/analysis\/btc\/bitcoin-reclaims-50k-rally\/\" target=\"_blank\" rel=\"noopener \">downside correction<\/a> from the $51,800 zone. BTC declined below the $51,200 level to move into a short-term bearish zone.<\/p>\n<p>There was a break below the 50% Fib retracement level of the upward move increase from the $48,105 swing low to $51,800 high. There was even a spike below the $50,000 level and the 100 hourly simple moving average.<\/p>\n<p>However, dips remained limited below $50,000. The price tested the 61.8% Fib retracement level of the upward move increase from the $48,105 swing low to $51,800 high. It formed a base and started a fresh increase above the $50,000 level.<\/p>\n<p>Bitcoin is trading well above $50,000 and the <a href=\"https:\/\/wncen.com\/analysis\/btc\/bitcoin-corrects-gains-48k\/\" target=\"_blank\" rel=\"noopener \">100 hourly simple moving average<\/a>. There was a break above a key bearish trend line with resistance near $50,400 on the hourly chart of the BTC\/USD pair.<\/p>\n<p><a href=\"https:\/\/wncen.com\/wp-content\/uploads\/2021\/12\/Bitcoin-18.png\"><img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" class=\"alignnone size-full wp-image-479835\" src=\"https:\/\/wncen.com\/wp-content\/uploads\/2021\/12\/Bitcoin-18.png?resize=1950%2C1113\" alt=\"Bitcoin Price\" width=\"1950\" height=\"1113\" srcset=\"https:\/\/wncen.com\/wp-content\/uploads\/2021\/12\/Bitcoin-18.png?w=1950 1950w, https:\/\/wncen.com\/wp-content\/uploads\/2021\/12\/Bitcoin-18.png?w=460 460w, https:\/\/wncen.com\/wp-content\/uploads\/2021\/12\/Bitcoin-18.png?w=768 768w, https:\/\/wncen.com\/wp-content\/uploads\/2021\/12\/Bitcoin-18.png?w=860 860w, https:\/\/wncen.com\/wp-content\/uploads\/2021\/12\/Bitcoin-18.png?w=1536 1536w, https:\/\/wncen.com\/wp-content\/uploads\/2021\/12\/Bitcoin-18.png?w=750 750w, https:\/\/wncen.com\/wp-content\/uploads\/2021\/12\/Bitcoin-18.png?w=1140 1140w\" sizes=\"(max-width: 1000px) 100vw, 1000px\"><\/a><\/p>\n<pre>Source: <a href=\"https:\/\/www.tradingview.com\/symbols\/BTCUSD\/\" target=\"_blank\" rel=\"noopener nofollow\">BTCUSD on TradingView.com<\/a><\/pre>\n<p>An immediate resistance on the upside is near the $51,200 level. The next key resistance could be $51,500. A clear move above the $51,500 resistance zone could start a fresh increase. The next major stop for the bulls may possibly be near the $53,500 level.<\/p>\n<h2>Dips Limited In BTC?<\/h2>\n<p>If bitcoin fails to clear the $51,200 resistance zone, it could start another downside correction. An immediate support on the downside is near the $50,200 level.<\/p>\n<p>The first major support is near $50,000. A downside break below the $50,000 level could push the price towards the $49,400 support. Any more losses may possibly push the price towards the $48,500 support zone.<\/p>\n<p>Technical indicators:<\/p>\n<p>Hourly MACD \u2013 The MACD is slowly gaining pace in the bullish zone.<\/p>\n<p>Hourly RSI (Relative Strength Index) \u2013 The RSI for BTC\/USD is well above the 50 level.<\/p>\n<p>Major Support Levels \u2013 $50,200, followed by $50,000.<\/p>\n<p>Major Resistance Levels \u2013 $51,500, $52,000 and $53,500.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Bitcoin is holding gains above the $50,000 resistance against the US Dollar. BTC is showing positive signs and there could be more gains above $52,000. Bitcoin settled above the $50,000 resistance zone and dips remained supported. The price is trading well above $50,000 and the 100 hourly simple moving average. There was a break above a key bearish trend line with resistance near $50,400 on the hourly chart of the BTC\/USD pair (data feed from Kraken). The pair is gaining pace and might soon clear the $51,200 resistance zone in the near term. Bitcoin Price Gains Pace Bitcoin price started a minor downside correction from the $51,800 zone. BTC declined below the $51,200 level to move into a short-term bearish zone. There was a break below the 50% Fib retracement level of the upward move increase from the $48,105 swing low to $51,800 high. There was even a spike below the $50,000 level and the 100 hourly simple moving average. However, dips remained limited below $50,000. The price tested the 61.8% Fib retracement level of the upward move increase from the $48,105 swing low to $51,800 high. It formed a base and started a fresh increase above the $50,000 level. Bitcoin is trading well above $50,000 and the 100 hourly simple moving average. There was a break above a key bearish trend line with resistance near $50,400 on the hourly chart of the BTC\/USD pair. Source: BTCUSD on TradingView.com An immediate resistance on the upside is near the $51,200 level. The next key resistance could be $51,500. A clear move above the $51,500 resistance zone could start a fresh increase. The next major stop for the bulls may possibly be near the $53,500 level. Dips Limited In BTC? If bitcoin fails to clear the $51,200 resistance zone, it could start another downside correction. An immediate support on the downside is near the $50,200 level. The first major support is near $50,000. A downside break below the $50,000 level could push the price towards the $49,400 support. Any more losses may possibly push the price towards the $48,500 support zone. Technical indicators: Hourly MACD \u2013 The MACD is slowly gaining pace in the bullish zone. Hourly RSI (Relative Strength Index) \u2013 The RSI for BTC\/USD is well above the 50 level. Major Support Levels \u2013 $50,200, followed by $50,000. Major Resistance Levels \u2013 $51,500, $52,000 and $53,500.<\/p>\n","protected":false},"author":67,"featured_media":457913,"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-479834","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<title>TA: Bitcoin Steadies Above $50K, Why Bulls Aim Fresh Monthly High<\/title>\n<meta name=\"description\" content=\"Bitcoin is holding gains above the $50,000 resistance against the US Dollar. 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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":"TA: Bitcoin Steadies Above $50K, Why Bulls Aim Fresh Monthly High","url":"http:\/\/wncen.com\/news\/bitcoin-steadies-above-50k-2\/","mainEntityOfPage":{"@type":"WebPage","@id":"http:\/\/wncen.com\/news\/bitcoin-steadies-above-50k-2\/"},"thumbnailUrl":"https:\/\/wncen.com\/wp-content\/uploads\/2021\/03\/shutterstock_199289291.jpg?resize=200%2C200","image":{"@type":"ImageObject","url":"https:\/\/wncen.com\/wp-content\/uploads\/2021\/03\/shutterstock_199289291.jpg?fit=1000%2C667"},"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","btcusd","btcusdt","xbtusd"],"dateCreated":"2021-12-27T03:08:26Z","datePublished":"2021-12-27T03:08:26Z","dateModified":"2024-06-11T14:10:11Z"},"rendered":"<script type=\"application\/ld+json\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@type\":\"NewsArticle\",\"headline\":\"TA: Bitcoin Steadies Above $50K, Why Bulls Aim Fresh Monthly High\",\"url\":\"http:\\\/\\\/wncen.com\\\/news\\\/bitcoin-steadies-above-50k-2\\\/\",\"mainEntityOfPage\":{\"@type\":\"WebPage\",\"@id\":\"http:\\\/\\\/wncen.com\\\/news\\\/bitcoin-steadies-above-50k-2\\\/\"},\"thumbnailUrl\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2021\\\/03\\\/shutterstock_199289291.jpg?resize=200%2C200\",\"image\":{\"@type\":\"ImageObject\",\"url\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2021\\\/03\\\/shutterstock_199289291.jpg?fit=1000%2C667\"},\"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\",\"btcusd\",\"btcusdt\",\"xbtusd\"],\"dateCreated\":\"2021-12-27T03:08:26Z\",\"datePublished\":\"2021-12-27T03:08:26Z\",\"dateModified\":\"2024-06-11T14:10:11Z\"}<\/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\/2021\/03\/shutterstock_199289291.jpg?fit=1000%2C667","amp_enabled":true,"_links":{"self":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts\/479834"}],"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=479834"}],"version-history":[{"count":0,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts\/479834\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/media\/457913"}],"wp:attachment":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/media?parent=479834"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/categories?post=479834"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/tags?post=479834"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}