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{"id":511091,"date":"2022-12-04T22:12:44","date_gmt":"2022-12-05T03:12:44","guid":{"rendered":"https:\/\/wncen.com\/?p=511091"},"modified":"2024-06-11T14:31:33","modified_gmt":"2024-06-11T14:31:33","slug":"bitcoin-price-key-trend-18k","status":"publish","type":"post","link":"https:\/\/wncen.com\/news\/bitcoin-price-key-trend-18k\/","title":{"rendered":"Bitcoin Price Key Trend is Forming And BTC Could Soon Surge to $18K"},"content":{"rendered":"

Bitcoin price gained pace for a fresh move above $17,000. BTC is rising and might climb higher towards the $18,000 resistance zone.<\/em><\/p>\n

\n
Bitcoin started a fresh increase above $17,000 and $17,200 resistance levels.<\/li>\n
The price is trading above $16,800 and the 100 hourly simple moving average.<\/li>\n
There was a break above a major bearish trend line with resistance near $17,000 on the hourly chart of the BTC\/USD pair (data feed from Kraken).<\/li>\n
The pair seems to be eyeing a move towards the $17,650 resistance or even $18,000.<\/li>\n<\/ul>\n
Bitcoin Price Restarts Increase<\/h2>\n
Bitcoin price found support near the $16,800 zone after a downside correction<\/a>. BTC remained well bid and started a fresh increase above the $17,000 resistance zone.<\/p>\n
It even broke the $17,150 level and settled above the 100 hourly simple moving average. The price gained pace above the 76.4% Fib retracement level of the downward move from the $17,315 swing high to $16,784 swing low. Besides, there was a break above a major bearish trend line with resistance near $17,000 on the hourly chart of the BTC\/USD pair.<\/p>\n
Bitcoin price is now trading above $16,800 and the 100 hourly simple moving average<\/a>. It is trading near the $17,250 level. On the upside, an immediate resistance is near the $17,350 level.<\/p>\n
The first major resistance is near the $17,450 zone, above which the price may perhaps start another steady increase. In the stated case, the price could rise towards the $17,650 resistance. It is near the 1.618 Fib extension level of the downward move from the $17,315 swing high to $16,784 swing low.<\/p>\n
$\"Bitcoin$ <\/a><\/p>\n
Source: BTCUSD on TradingView.com<\/a><\/p>\n
The next major resistance is near $18,000, above which the price could attempt a move towards the $18,500 zone in the near term.<\/p>\n
Dips Limited in BTC?<\/h2>\n
If bitcoin fails to start a fresh increase above the $17,350 resistance, there could be more downsides. An immediate support on the downside is near the $17,150 level.<\/p>\n
The next major support is near the $17,000 zone and the 100 hourly simple moving average. A downside break below the $17,000 support might call for a move towards $16,750. Any more losses might call for a test of the key $16,500 support zone in the near term.<\/p>\n
Technical indicators:<\/p>\n
Hourly MACD \u2013 The MACD is now gaining pace in the bullish zone.<\/p>\n
Hourly RSI (Relative Strength Index) \u2013 The RSI for BTC\/USD is now in the overbought zone.<\/p>\n
Major Support Levels \u2013 $17,150, followed by $17,000.<\/p>\n
Major Resistance Levels \u2013 $17,350, $17,450 and $18,000.<\/p>\n","protected":false},"excerpt":{"rendered":"
Bitcoin price gained pace for a fresh move above $17,000. BTC is rising and might climb higher towards the $18,000 resistance zone. Bitcoin started a fresh increase above $17,000 and $17,200 resistance levels. The price is trading above $16,800 and the 100 hourly simple moving average. There was a break above a major bearish trend line with resistance near $17,000 on the hourly chart of the BTC\/USD pair (data feed from Kraken). The pair seems to be eyeing a move towards the $17,650 resistance or even $18,000. Bitcoin Price Restarts Increase Bitcoin price found support near the $16,800 zone after a downside correction. BTC remained well bid and started a fresh increase above the $17,000 resistance zone. It even broke the $17,150 level and settled above the 100 hourly simple moving average. The price gained pace above the 76.4% Fib retracement level of the downward move from the $17,315 swing high to $16,784 swing low. Besides, there was a break above a major bearish trend line with resistance near $17,000 on the hourly chart of the BTC\/USD pair. Bitcoin price is now trading above $16,800 and the 100 hourly simple moving average. It is trading near the $17,250 level. On the upside, an immediate resistance is near the $17,350 level. The first major resistance is near the $17,450 zone, above which the price may perhaps start another steady increase. In the stated case, the price could rise towards the $17,650 resistance. It is near the 1.618 Fib extension level of the downward move from the $17,315 swing high to $16,784 swing low. Source: BTCUSD on TradingView.com The next major resistance is near $18,000, above which the price could attempt a move towards the $18,500 zone in the near term. Dips Limited in BTC? If bitcoin fails to start a fresh increase above the $17,350 resistance, there could be more downsides. An immediate support on the downside is near the $17,150 level. The next major support is near the $17,000 zone and the 100 hourly simple moving average. A downside break below the $17,000 support might call for a move towards $16,750. Any more losses might call for a test of the key $16,500 support zone in the near term. Technical indicators: Hourly MACD \u2013 The MACD is now gaining pace in the bullish zone. Hourly RSI (Relative Strength Index) \u2013 The RSI for BTC\/USD is now in the overbought zone. Major Support Levels \u2013 $17,150, followed by $17,000. Major Resistance Levels \u2013 $17,350, $17,450 and $18,000.<\/p>\n","protected":false},"author":67,"featured_media":462816,"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":[428,679,1144,78790,76835],"class_list":["post-511091","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-bitcoin","tag-bitcoin-price","tag-btcusd","tag-btcusdt","tag-xbtusd"],"acf":[],"yoast_head":"\nBitcoin Price Key Trend is Forming And BTC Could Soon Surge to $18K<\/title>\n<meta name=\"description\" content=\"Bitcoin price gained pace for a fresh move above $17,000. 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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 Price Key Trend is Forming And BTC Could Soon Surge to $18K","url":"http:\/\/wncen.com\/news\/bitcoin-price-key-trend-18k\/","mainEntityOfPage":{"@type":"WebPage","@id":"http:\/\/wncen.com\/news\/bitcoin-price-key-trend-18k\/"},"thumbnailUrl":"https:\/\/wncen.com\/wp-content\/uploads\/2021\/05\/Depositphotos_180246254_s-2019.jpg?resize=200%2C200","image":{"@type":"ImageObject","url":"https:\/\/wncen.com\/wp-content\/uploads\/2021\/05\/Depositphotos_180246254_s-2019.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","bitcoin price","btcusd","btcusdt","xbtusd"],"dateCreated":"2022-12-05T03:12:44Z","datePublished":"2022-12-05T03:12:44Z","dateModified":"2024-06-11T14:31:33Z"},"rendered":"<script type=\"application\/ld+json\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@type\":\"NewsArticle\",\"headline\":\"Bitcoin Price Key Trend is Forming And BTC Could Soon Surge to $18K\",\"url\":\"http:\\\/\\\/wncen.com\\\/news\\\/bitcoin-price-key-trend-18k\\\/\",\"mainEntityOfPage\":{\"@type\":\"WebPage\",\"@id\":\"http:\\\/\\\/wncen.com\\\/news\\\/bitcoin-price-key-trend-18k\\\/\"},\"thumbnailUrl\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2021\\\/05\\\/Depositphotos_180246254_s-2019.jpg?resize=200%2C200\",\"image\":{\"@type\":\"ImageObject\",\"url\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2021\\\/05\\\/Depositphotos_180246254_s-2019.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\",\"bitcoin price\",\"btcusd\",\"btcusdt\",\"xbtusd\"],\"dateCreated\":\"2022-12-05T03:12:44Z\",\"datePublished\":\"2022-12-05T03:12:44Z\",\"dateModified\":\"2024-06-11T14:31:33Z\"}<\/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\/05\/Depositphotos_180246254_s-2019.jpg?fit=1000%2C667","amp_enabled":true,"_links":{"self":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts\/511091"}],"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=511091"}],"version-history":[{"count":0,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts\/511091\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/media\/462816"}],"wp:attachment":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/media?parent=511091"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/categories?post=511091"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/tags?post=511091"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}