{"id":488434,"date":"2022-04-20T03:08:09","date_gmt":"2022-04-20T03:08:09","guid":{"rendered":"https:\/\/wncen.com\/?p=488434"},"modified":"2024-06-11T13:16:22","modified_gmt":"2024-06-11T13:16:22","slug":"bitcoin-price-upside-break-above-41-5k","status":"publish","type":"post","link":"https:\/\/wncen.com\/news\/bitcoin-price-upside-break-above-41-5k\/","title":{"rendered":"TA: Why Bitcoin Price Eyes Crucial Upside Break Above $41.5K"},"content":{"rendered":"
Bitcoin extended its recovery above the $41,400 against the US Dollar. BTC could rally further if there is a clear close above the $41,500 and $41,800.<\/em><\/p>\n Bitcoin price formed a base above the $40,000 level. BTC started a decent recovery wave<\/a> and was able to clear the $41,000 resistance zone. Download Bitcoin Miner Cudo Miner Official for Windows<\/a>. Safe install and earn ETH\/BTC.<\/p>\n The price remained in a positive zone and climbed further above the $41,400 level. It even spiked above the $41,500 resistance and settled above the 100 hourly simple moving average<\/a>. A high was formed near the $41,825 level and the price is now consolidating gains.<\/p>\n Bitcoin is trading well above the 23.6% Fib retracement level of the recent wave from the $38,570 swing low to $41,825 high. There is also a short-term contracting triangle forming with resistance near $41,510 on the hourly chart of the BTC\/USD pair.<\/p>\n <\/a><\/p>\n An immediate resistance on the upside is near the $41,500 level. The next key resistance could be $41,800. To start a strong upward move, the price must settle above the $41,500 zone and then clear $41,800. If the bulls succeed, the price could rise towards the $42,500 resistance zone. Any more gains might call for a move towards the $43,200 level.<\/p>\n If bitcoin fails to clear the $41,500 resistance zone, it could start a downside correction. An immediate support on the downside is near the $41,050 level.<\/p>\n\n
Bitcoin Price Shows Positive Signs<\/h2>\n
Source: BTCUSD on TradingView.com<\/a><\/pre>\n
Dips Limited in BTC?<\/h2>\n