{"id":525557,"date":"2023-04-04T16:00:07","date_gmt":"2023-04-04T16:00:07","guid":{"rendered":"https:\/\/wncen.com\/?p=525557"},"modified":"2024-06-11T14:04:32","modified_gmt":"2024-06-11T14:04:32","slug":"bitcoin-indicators-points-to-imminent-resistance-break","status":"publish","type":"post","link":"https:\/\/wncen.com\/news\/bitcoin-indicators-points-to-imminent-resistance-break\/","title":{"rendered":"Bitcoin Indicators Point To Imminent Resistance Break, Study Shows"},"content":{"rendered":"<p><span style=\"font-weight: 400\">The world\u2019s leading cryptocurrency, Bitcoin (BTC), has faced a significant resistance level of $28,600 for the past two weeks. However, despite local headwinds, Bitcoin\u2019s natural volatility and ability to reach new local highs indicate that the resistance cluster is on the verge of breaking.\u00a0<\/span><\/p>\n<div class=\"related-reading-shortcode\">Related Reading: <a href=\"https:\/\/wncen.com\/news\/dogecoin\/dogecoin-flips-cardano-market-cap-7th-largest\/\" target=\"_blank\" rel=\"noopener \">Dogecoin Flips Cardano In Market Cap, Becomes 7th Largest Crypto<\/a><\/div>\n<h2><b>Bitcoin Trades Above Critical Levels<\/b><\/h2>\n<p><a href=\"https:\/\/twitter.com\/TheBirbNest\/status\/87600128?s=20\" target=\"_blank\" rel=\"noopener nofollow\"><span style=\"font-weight: 400\">According <\/span><\/a><span style=\"font-weight: 400\">to the trading group &#8220;Birb Nest,&#8221; the recent surge in Bitcoin\u2019s price, climbing to new yearly highs, has resulted in BTC trading above all critical long-term resistance, anchored at the 200-week and 50-week moving averages (MA), which suggests<\/span><span style=\"font-weight: 400\"> a positive outlook, as these resistance levels are crucial in determining the long-term direction of Bitcoin.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400\">Furthermore, the trading group suggests that the daily chart indicates an &#8220;increasingly bullish outlook for Bitcoin.&#8221; This is because the primary trend represented by the 200-day MA is inclining upwards. T<\/span><span style=\"font-weight: 400\">his indicates a positive long-term trend for Bitcoin, which implies that the leading cryptocurrency in the market is leading the industry to a confirmed bull market.\u00a0<\/span><\/p>\n<h3>Bitcoin&#8217;s Critical Anchors<\/h3>\n<p><span style=\"font-weight: 400\">In case of a potential price drop in Bitcoin\u2019s price in the near term, the trading group has spotted critical support floors which can serve as an anchor. The BPRO baseline, a technical indicator used to analyze Bitcoin\u2019s price movements, is inclining even more \u201caggressively\u201d than the 200-day simple moving average (SMA).<\/span><\/p>\n<p><span style=\"font-weight: 400\">This provides a new reference point at $22,800, higher than the 200 simple moving average (SMA) support at $20,500. Both levels can serve as &#8220;dynamic&#8221; support areas as Bitcoin\u2019s price fluctuates. Furthermore, this indicates a positive signal for Bitcoin, indicating that the bullish trend may continue in the long term.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400\">Moreover, Bitcoin\u2019s midday chart indicates a continued sideways movement. This means that Bitcoin\u2019s price may remain relatively stable in the short term. However, the HTF trailer of BirbicatorPRO, a technical indicator used to analyze Bitcoin\u2019s price by the trading group, retains its bullish character.\u00a0<\/span><\/p>\n<figure id=\"attachment_525560\" aria-describedby=\"caption-attachment-525560\" style=\"width: 860px\" class=\"wp-caption aligncenter\"><img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" class=\"wp-image-525560 size-large\" src=\"https:\/\/wncen.com\/wp-content\/uploads\/2023\/04\/Fsz9pn9WIOwBYOs.png?resize=860%2C541\" alt=\"Bitcoin \" width=\"860\" height=\"541\" srcset=\"https:\/\/wncen.com\/wp-content\/uploads\/2023\/04\/Fsz9pn9WIOwBYOs.png?resize=860%2C541 860w, https:\/\/wncen.com\/wp-content\/uploads\/2023\/04\/Fsz9pn9WIOwBYOs.png?resize=460%2C289 460w, https:\/\/wncen.com\/wp-content\/uploads\/2023\/04\/Fsz9pn9WIOwBYOs.png?resize=768%2C483 768w, https:\/\/wncen.com\/wp-content\/uploads\/2023\/04\/Fsz9pn9WIOwBYOs.png?resize=1536%2C966 1536w, https:\/\/wncen.com\/wp-content\/uploads\/2023\/04\/Fsz9pn9WIOwBYOs.png?resize=2048%2C1288 2048w, https:\/\/wncen.com\/wp-content\/uploads\/2023\/04\/Fsz9pn9WIOwBYOs.png?resize=750%2C472 750w, https:\/\/wncen.com\/wp-content\/uploads\/2023\/04\/Fsz9pn9WIOwBYOs.png?resize=1140%2C717 1140w, https:\/\/wncen.com\/wp-content\/uploads\/2023\/04\/Fsz9pn9WIOwBYOs.png?w=3000 3000w\" sizes=\"auto, (max-width: 860px) 100vw, 860px\"><figcaption id=\"caption-attachment-525560\" class=\"wp-caption-text\">BTC&#8217;s midday chart. Source: <a href=\"https:\/\/twitter.com\/TheBirbNest\/status\/87600128?s=20\" target=\"_blank\" rel=\"noopener nofollow\">The Birb Nest on Twitter.<\/a><\/figcaption><\/figure>\n<p><span style=\"font-weight: 400\">Additionally, the High Band resistance for Bitcoin is located in the $29,000 and $29,300 region, while the low band describes the support zone at $27,200. These bands are important technical indicators to predict potential price movements for BTC in the long term.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400\">Furthermore, a potential breakout outside Bitcoin&#8217;s resistance and support bands, as seen in the chart below, may signal a more powerful market shift, potentially leading to a new short-term trend for the cryptocurrency.<\/span><\/p>\n<figure id=\"attachment_525561\" aria-describedby=\"caption-attachment-525561\" style=\"width: 860px\" class=\"wp-caption aligncenter\"><img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" class=\"size-large wp-image-525561\" src=\"https:\/\/wncen.com\/wp-content\/uploads\/2023\/04\/Fsz-LiGWcAAw-KX.png?resize=860%2C541\" alt=\"Bitcoin \" width=\"860\" height=\"541\" srcset=\"https:\/\/wncen.com\/wp-content\/uploads\/2023\/04\/Fsz-LiGWcAAw-KX.png?resize=860%2C541 860w, https:\/\/wncen.com\/wp-content\/uploads\/2023\/04\/Fsz-LiGWcAAw-KX.png?resize=460%2C289 460w, https:\/\/wncen.com\/wp-content\/uploads\/2023\/04\/Fsz-LiGWcAAw-KX.png?resize=768%2C483 768w, https:\/\/wncen.com\/wp-content\/uploads\/2023\/04\/Fsz-LiGWcAAw-KX.png?resize=1536%2C966 1536w, https:\/\/wncen.com\/wp-content\/uploads\/2023\/04\/Fsz-LiGWcAAw-KX.png?resize=2048%2C1288 2048w, https:\/\/wncen.com\/wp-content\/uploads\/2023\/04\/Fsz-LiGWcAAw-KX.png?resize=750%2C472 750w, https:\/\/wncen.com\/wp-content\/uploads\/2023\/04\/Fsz-LiGWcAAw-KX.png?resize=1140%2C717 1140w, https:\/\/wncen.com\/wp-content\/uploads\/2023\/04\/Fsz-LiGWcAAw-KX.png?w=3000 3000w\" sizes=\"auto, (max-width: 860px) 100vw, 860px\"><figcaption id=\"caption-attachment-525561\" class=\"wp-caption-text\">BTC&#8217;s High band resistances and supports. Source: <a href=\"https:\/\/twitter.com\/TheBirbNest\/status\/87600128?s=20\" target=\"_blank\" rel=\"noopener nofollow\">The Birb Nest on Twitter.<\/a><\/figcaption><\/figure>\n<p>At the current trading price of $28,100, Bitcoin is maintaining its consolidation within a range formed two weeks ago. Additionally, the trading group has identified several support levels of interest in case of a potential drop. These support levels, which include $25,200, $23,900, $18,600, and $16,191, can serve as reference points.<\/p>\n<div class=\"related-reading-shortcode\">\n<div class=\"related-reading-shortcode\">Related Reading: <a href=\"https:\/\/wncen.com\/nft\/nft-industry-hit-hard-in-march\/\" target=\"_blank\" rel=\"noopener \">NFT Industry Hit Hard In March With 31% Decline In Revenue \u2013 Here\u2019s Why<\/a><\/div>\n<\/div>\n<figure id=\"attachment_525562\" aria-describedby=\"caption-attachment-525562\" style=\"width: 860px\" class=\"wp-caption aligncenter\"><img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" class=\"size-large wp-image-525562\" src=\"https:\/\/wncen.com\/wp-content\/uploads\/2023\/04\/BTCUSDT_2023-04-04_10-12-20_4f07f.png?resize=860%2C407\" alt=\"Bitcoin \" width=\"860\" height=\"407\"><figcaption id=\"caption-attachment-525562\" class=\"wp-caption-text\">Bitcoin&#8217;s sideways price action on the 1-day chart. Source: <a href=\"https:\/\/www.tradingview.com\/chart\/7EqogTce\/?symbol=BINANCE%3ABTCUSDT\" target=\"_blank\" rel=\"noopener nofollow\">BTCUSDT on TradingView.com<\/a><\/figcaption><\/figure>\n<p><span style=\"font-weight: 400\">Featured image from Unsplash, chart from TradingView.com\u00a0<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The world\u2019s leading cryptocurrency, Bitcoin (BTC), has faced a significant resistance level of $28,600 for the past two weeks. However, despite local headwinds, Bitcoin\u2019s natural volatility and ability to reach new local highs indicate that the resistance cluster is on the verge of breaking.\u00a0 Related Reading: Dogecoin Flips Cardano In Market Cap, Becomes 7th Largest Crypto Bitcoin Trades Above Critical Levels According to the trading group &#8220;Birb Nest,&#8221; the recent surge in Bitcoin\u2019s price, climbing to new yearly highs, has resulted in BTC trading above all critical long-term resistance, anchored at the 200-week and 50-week moving averages (MA), which suggests a positive outlook, as these resistance levels are crucial in determining the long-term direction of Bitcoin.\u00a0 Furthermore, the trading group suggests that the daily chart indicates an &#8220;increasingly bullish outlook for Bitcoin.&#8221; This is because the primary trend represented by the 200-day MA is inclining upwards. This indicates a positive long-term trend for Bitcoin, which implies that the leading cryptocurrency in the market is leading the industry to a confirmed bull market.\u00a0 Bitcoin&#8217;s Critical Anchors In case of a potential price drop in Bitcoin\u2019s price in the near term, the trading group has spotted critical support floors which can serve as an anchor. The BPRO baseline, a technical indicator used to analyze Bitcoin\u2019s price movements, is inclining even more \u201caggressively\u201d than the 200-day simple moving average (SMA). This provides a new reference point at $22,800, higher than the 200 simple moving average (SMA) support at $20,500. Both levels can serve as &#8220;dynamic&#8221; support areas as Bitcoin\u2019s price fluctuates. Furthermore, this indicates a positive signal for Bitcoin, indicating that the bullish trend may continue in the long term.\u00a0 Moreover, Bitcoin\u2019s midday chart indicates a continued sideways movement. This means that Bitcoin\u2019s price may remain relatively stable in the short term. However, the HTF trailer of BirbicatorPRO, a technical indicator used to analyze Bitcoin\u2019s price by the trading group, retains its bullish character.\u00a0 Additionally, the High Band resistance for Bitcoin is located in the $29,000 and $29,300 region, while the low band describes the support zone at $27,200. These bands are important technical indicators to predict potential price movements for BTC in the long term.\u00a0 Furthermore, a potential breakout outside Bitcoin&#8217;s resistance and support bands, as seen in the chart below, may signal a more powerful market shift, potentially leading to a new short-term trend for the cryptocurrency. At the current trading price of $28,100, Bitcoin is maintaining its consolidation within a range formed two weeks ago. Additionally, the trading group has identified several support levels of interest in case of a potential drop. These support levels, which include $25,200, $23,900, $18,600, and $16,191, can serve as reference points. Related Reading: NFT Industry Hit Hard In March With 31% Decline In Revenue \u2013 Here\u2019s Why Featured image from Unsplash, chart from TradingView.com\u00a0<\/p>\n","protected":false},"author":589,"featured_media":525558,"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":[428,679,78790,6664,1558],"class_list":["post-525557","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-bitcoin","tag-bitcoin-price","tag-btcusdt","tag-crypto","tag-cryptocurrency"],"acf":[],"yoast_head":"\n<title>Bitcoin Indicators Point To Imminent Resistance Break, Study Shows<\/title>\n<meta name=\"description\" content=\"Bitcoin has been facing a significant resistance, however, Bitcoin\u2019s volatility indicates that the resistance is on the verge of breaking.\u00a0\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/wncen.com\/news\/bitcoin-indicators-points-to-imminent-resistance-break\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Bitcoin Indicators Point To Imminent Resistance Break, Study Shows\" \/>\n<meta property=\"og:description\" content=\"Bitcoin has been facing a significant resistance, however, Bitcoin\u2019s volatility indicates that the resistance is on the verge of breaking.\u00a0\" \/>\n<meta property=\"og:url\" content=\"https:\/\/wncen.com\/news\/bitcoin-indicators-points-to-imminent-resistance-break\/\" \/>\n<meta property=\"og:site_name\" content=\"NewsBTC\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/newsbtc\" \/>\n<meta property=\"article:published_time\" content=\"2023-04-04T16:00:07+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2024-06-11T14:04:32+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/wncen.com\/wp-content\/uploads\/2023\/04\/mathias-reding-R7TNkNlJ2Fw-unsplash-scaled.jpg?fit=1707%2C2560\" \/>\n\t<meta property=\"og:image:width\" content=\"1707\" \/>\n\t<meta property=\"og:image:height\" content=\"2560\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Ronaldo Marquez\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@Rmmcapital\" \/>\n<meta name=\"twitter:site\" content=\"@newsbtc\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Ronaldo Marquez\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"NewsArticle\",\"@id\":\"https:\/\/wncen.com\/news\/bitcoin-indicators-points-to-imminent-resistance-break\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/wncen.com\/news\/bitcoin-indicators-points-to-imminent-resistance-break\/\"},\"author\":{\"name\":\"Ronaldo Marquez\",\"@id\":\"https:\/\/wncen.com\/#\/schema\/person\/23849d4cdb61b3b34c9e7e5fea0a9a6c\"},\"headline\":\"Bitcoin Indicators Point To Imminent Resistance Break, Study Shows\",\"datePublished\":\"2023-04-04T16:00:07+00:00\",\"dateModified\":\"2024-06-11T14:04:32+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/wncen.com\/news\/bitcoin-indicators-points-to-imminent-resistance-break\/\"},\"wordCount\":537,\"publisher\":{\"@id\":\"https:\/\/wncen.com\/#organization\"},\"image\":{\"@id\":\"https:\/\/wncen.com\/news\/bitcoin-indicators-points-to-imminent-resistance-break\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/wncen.com\/wp-content\/uploads\/2023\/04\/mathias-reding-R7TNkNlJ2Fw-unsplash-scaled.jpg?fit=1707%2C2560\",\"keywords\":[\"bitcoin\",\"bitcoin price\",\"BTCUSDT\",\"crypto\",\"cryptocurrency\"],\"articleSection\":[\"Cryptocurrency Market News\"],\"inLanguage\":\"en-US\",\"copyrightYear\":\"2023\",\"copyrightHolder\":{\"@id\":\"https:\/\/wncen.com\/#organization\"}},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/wncen.com\/news\/bitcoin-indicators-points-to-imminent-resistance-break\/\",\"url\":\"https:\/\/wncen.com\/news\/bitcoin-indicators-points-to-imminent-resistance-break\/\",\"name\":\"Bitcoin Indicators Point To Imminent Resistance Break, Study Shows\",\"isPartOf\":{\"@id\":\"https:\/\/wncen.com\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/wncen.com\/news\/bitcoin-indicators-points-to-imminent-resistance-break\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/wncen.com\/news\/bitcoin-indicators-points-to-imminent-resistance-break\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/wncen.com\/wp-content\/uploads\/2023\/04\/mathias-reding-R7TNkNlJ2Fw-unsplash-scaled.jpg?fit=1707%2C2560\",\"datePublished\":\"2023-04-04T16:00:07+00:00\",\"dateModified\":\"2024-06-11T14:04:32+00:00\",\"description\":\"Bitcoin has been facing a significant resistance, however, Bitcoin\u2019s volatility indicates that the resistance is on the verge of breaking.\u00a0\",\"breadcrumb\":{\"@id\":\"https:\/\/wncen.com\/news\/bitcoin-indicators-points-to-imminent-resistance-break\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/wncen.com\/news\/bitcoin-indicators-points-to-imminent-resistance-break\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/wncen.com\/news\/bitcoin-indicators-points-to-imminent-resistance-break\/#primaryimage\",\"url\":\"https:\/\/wncen.com\/wp-content\/uploads\/2023\/04\/mathias-reding-R7TNkNlJ2Fw-unsplash-scaled.jpg?fit=1707%2C2560\",\"contentUrl\":\"https:\/\/wncen.com\/wp-content\/uploads\/2023\/04\/mathias-reding-R7TNkNlJ2Fw-unsplash-scaled.jpg?fit=1707%2C2560\",\"width\":1707,\"height\":2560,\"caption\":\"Bitcoin\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/wncen.com\/news\/bitcoin-indicators-points-to-imminent-resistance-break\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/wncen.com\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Bitcoin Indicators Point To Imminent Resistance Break, Study Shows\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/wncen.com\/#website\",\"url\":\"https:\/\/wncen.com\/\",\"name\":\"NewsBTC\",\"description\":\"Bitcoin &amp; Cryptocurrency News Today\",\"publisher\":{\"@id\":\"https:\/\/wncen.com\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/wncen.com\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/wncen.com\/#organization\",\"name\":\"NewsBTC\",\"url\":\"https:\/\/wncen.com\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/wncen.com\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/wncen.com\/wp-content\/uploads\/2020\/06\/logo-min.png?fit=157%2C46\",\"contentUrl\":\"https:\/\/wncen.com\/wp-content\/uploads\/2020\/06\/logo-min.png?fit=157%2C46\",\"width\":157,\"height\":46,\"caption\":\"NewsBTC\"},\"image\":{\"@id\":\"https:\/\/wncen.com\/#\/schema\/logo\/image\/\"},\"sameAs\":[\"https:\/\/www.facebook.com\/newsbtc\",\"https:\/\/x.com\/newsbtc\",\"https:\/\/www.youtube.com\/channel\/UC9v9erBEru5y4c3FA0wehEw\"]},{\"@type\":\"Person\",\"@id\":\"https:\/\/wncen.com\/#\/schema\/person\/23849d4cdb61b3b34c9e7e5fea0a9a6c\",\"name\":\"Ronaldo Marquez\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/wncen.com\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/327ecc4c8e744ef573507a8dd49440d7?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/327ecc4c8e744ef573507a8dd49440d7?s=96&d=mm&r=g\",\"caption\":\"Ronaldo Marquez\"},\"description\":\"Ronaldo is an experienced crypto enthusiast dedicated to the nascent and ever-evolving industry. With over five years of extensive research and unwavering dedication, he has cultivated a profound interest in the world of cryptocurrencies. Ronaldo's journey began with a spark of curiosity, which soon transformed into a deep passion for understanding the intricacies of this groundbreaking technology. Driven by an insatiable thirst for knowledge, Ronaldo has delved into the depths of the crypto space, exploring its various facets, from blockchain fundamentals to market trends and investment strategies. His tireless exploration and commitment to staying up-to-date with the latest developments have granted him a unique perspective on the industry. One of Ronaldo's defining areas of expertise lies in technical analysis. He firmly believes that studying charts and deciphering price movements provides valuable insights into the market. Ronaldo recognizes that patterns exist within the chaos of crypto charts, and by utilizing technical analysis tools and indicators, he can unlock hidden opportunities and make informed investment decisions. His dedication to mastering this analytical approach has allowed him to navigate the volatile crypto market with confidence and precision. Ronaldo's commitment to his craft goes beyond personal gain. He is passionate about sharing his knowledge and insights with others, empowering them to make well-informed decisions in the crypto space. Ronaldo's writing is a testament to his dedication, providing readers with meaningful analysis and up-to-date news. He strives to offer a comprehensive understanding of the crypto industry, helping readers navigate its complexities and seize opportunities. Outside of the crypto realm, Ronaldo enjoys indulging in other passions. As an avid sports fan, he finds joy in watching exhilarating sporting events, witnessing the triumphs and challenges of athletes pushing their limits. Furthermore, His passion for languages extends beyond mere communication; he aspires to master German, French, Italian, and Portuguese, in addition to his native Spanish. Recognizing the value of linguistic proficiency, Ronaldo aims to enhance his work prospects, personal relationships, and overall growth. However, Ronaldo's aspirations extend far beyond language acquisition. He believes that the future of the crypto industry holds immense potential as a groundbreaking force in history. With unwavering conviction, he envisions a world where cryptocurrencies unlock financial freedom for all and become catalysts for societal development and growth. Ronaldo is determined to prepare himself for this transformative era, ensuring he is well-equipped to navigate the crypto landscape. Ronaldo also recognizes the importance of maintaining a healthy body and mind, regularly hitting the gym to stay physically fit. He immerses himself in books and podcasts that inspire him to become the best version of himself, constantly seeking new ways to expand his horizons and knowledge. With a genuine desire to become the best version of himself, Ronaldo is committed to continuous improvement. He sets personal goals, embraces challenges, and seeks opportunities for growth and self-reflection. Ultimately, combining his passion for cryptocurrencies, dedication to learning, and commitment to personal development, Ronaldo aims to go hand-in-hand with the exciting new era that the emerging crypto technology is bringing to the world and societies.\",\"sameAs\":[\"https:\/\/instagram.com\/itsmarquez_fr?igshid=ZDdkNTZiNTM=\",\"https:\/\/x.com\/Rmmcapital\"],\"url\":\"https:\/\/wncen.com\/author\/ronaldomarquez\/\"}]}<\/script>\n","yoast_head_json":{"title":"Bitcoin Indicators Point To Imminent Resistance Break, Study Shows","description":"Bitcoin has been facing a significant resistance, however, Bitcoin\u2019s volatility indicates that the resistance is on the verge of breaking.\u00a0","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/wncen.com\/news\/bitcoin-indicators-points-to-imminent-resistance-break\/","og_locale":"en_US","og_type":"article","og_title":"Bitcoin Indicators Point To Imminent Resistance Break, Study Shows","og_description":"Bitcoin has been facing a significant resistance, however, Bitcoin\u2019s volatility indicates that the resistance is on the verge of breaking.\u00a0","og_url":"https:\/\/wncen.com\/news\/bitcoin-indicators-points-to-imminent-resistance-break\/","og_site_name":"NewsBTC","article_publisher":"https:\/\/www.facebook.com\/newsbtc","article_published_time":"2023-04-04T16:00:07+00:00","article_modified_time":"2024-06-11T14:04:32+00:00","og_image":[{"width":1707,"height":2560,"url":"https:\/\/wncen.com\/wp-content\/uploads\/2023\/04\/mathias-reding-R7TNkNlJ2Fw-unsplash-scaled.jpg?fit=1707%2C2560","type":"image\/jpeg"}],"author":"Ronaldo Marquez","twitter_card":"summary_large_image","twitter_creator":"@Rmmcapital","twitter_site":"@newsbtc","twitter_misc":{"Written by":"Ronaldo Marquez","Est. reading time":"3 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"NewsArticle","@id":"https:\/\/wncen.com\/news\/bitcoin-indicators-points-to-imminent-resistance-break\/#article","isPartOf":{"@id":"https:\/\/wncen.com\/news\/bitcoin-indicators-points-to-imminent-resistance-break\/"},"author":{"name":"Ronaldo Marquez","@id":"https:\/\/wncen.com\/#\/schema\/person\/23849d4cdb61b3b34c9e7e5fea0a9a6c"},"headline":"Bitcoin Indicators Point To Imminent Resistance Break, Study Shows","datePublished":"2023-04-04T16:00:07+00:00","dateModified":"2024-06-11T14:04:32+00:00","mainEntityOfPage":{"@id":"https:\/\/wncen.com\/news\/bitcoin-indicators-points-to-imminent-resistance-break\/"},"wordCount":537,"publisher":{"@id":"https:\/\/wncen.com\/#organization"},"image":{"@id":"https:\/\/wncen.com\/news\/bitcoin-indicators-points-to-imminent-resistance-break\/#primaryimage"},"thumbnailUrl":"https:\/\/wncen.com\/wp-content\/uploads\/2023\/04\/mathias-reding-R7TNkNlJ2Fw-unsplash-scaled.jpg?fit=1707%2C2560","keywords":["bitcoin","bitcoin price","BTCUSDT","crypto","cryptocurrency"],"articleSection":["Cryptocurrency Market News"],"inLanguage":"en-US","copyrightYear":"2023","copyrightHolder":{"@id":"https:\/\/wncen.com\/#organization"}},{"@type":"WebPage","@id":"https:\/\/wncen.com\/news\/bitcoin-indicators-points-to-imminent-resistance-break\/","url":"https:\/\/wncen.com\/news\/bitcoin-indicators-points-to-imminent-resistance-break\/","name":"Bitcoin Indicators Point To Imminent Resistance Break, Study Shows","isPartOf":{"@id":"https:\/\/wncen.com\/#website"},"primaryImageOfPage":{"@id":"https:\/\/wncen.com\/news\/bitcoin-indicators-points-to-imminent-resistance-break\/#primaryimage"},"image":{"@id":"https:\/\/wncen.com\/news\/bitcoin-indicators-points-to-imminent-resistance-break\/#primaryimage"},"thumbnailUrl":"https:\/\/wncen.com\/wp-content\/uploads\/2023\/04\/mathias-reding-R7TNkNlJ2Fw-unsplash-scaled.jpg?fit=1707%2C2560","datePublished":"2023-04-04T16:00:07+00:00","dateModified":"2024-06-11T14:04:32+00:00","description":"Bitcoin has been facing a significant resistance, however, Bitcoin\u2019s volatility indicates that the resistance is on the verge of breaking.\u00a0","breadcrumb":{"@id":"https:\/\/wncen.com\/news\/bitcoin-indicators-points-to-imminent-resistance-break\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/wncen.com\/news\/bitcoin-indicators-points-to-imminent-resistance-break\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/wncen.com\/news\/bitcoin-indicators-points-to-imminent-resistance-break\/#primaryimage","url":"https:\/\/wncen.com\/wp-content\/uploads\/2023\/04\/mathias-reding-R7TNkNlJ2Fw-unsplash-scaled.jpg?fit=1707%2C2560","contentUrl":"https:\/\/wncen.com\/wp-content\/uploads\/2023\/04\/mathias-reding-R7TNkNlJ2Fw-unsplash-scaled.jpg?fit=1707%2C2560","width":1707,"height":2560,"caption":"Bitcoin"},{"@type":"BreadcrumbList","@id":"https:\/\/wncen.com\/news\/bitcoin-indicators-points-to-imminent-resistance-break\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/wncen.com\/"},{"@type":"ListItem","position":2,"name":"Bitcoin Indicators Point To Imminent Resistance Break, Study Shows"}]},{"@type":"WebSite","@id":"https:\/\/wncen.com\/#website","url":"https:\/\/wncen.com\/","name":"NewsBTC","description":"Bitcoin &amp; Cryptocurrency News Today","publisher":{"@id":"https:\/\/wncen.com\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/wncen.com\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/wncen.com\/#organization","name":"NewsBTC","url":"https:\/\/wncen.com\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/wncen.com\/#\/schema\/logo\/image\/","url":"https:\/\/wncen.com\/wp-content\/uploads\/2020\/06\/logo-min.png?fit=157%2C46","contentUrl":"https:\/\/wncen.com\/wp-content\/uploads\/2020\/06\/logo-min.png?fit=157%2C46","width":157,"height":46,"caption":"NewsBTC"},"image":{"@id":"https:\/\/wncen.com\/#\/schema\/logo\/image\/"},"sameAs":["https:\/\/www.facebook.com\/newsbtc","https:\/\/x.com\/newsbtc","https:\/\/www.youtube.com\/channel\/UC9v9erBEru5y4c3FA0wehEw"]},{"@type":"Person","@id":"https:\/\/wncen.com\/#\/schema\/person\/23849d4cdb61b3b34c9e7e5fea0a9a6c","name":"Ronaldo Marquez","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/wncen.com\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/327ecc4c8e744ef573507a8dd49440d7?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/327ecc4c8e744ef573507a8dd49440d7?s=96&d=mm&r=g","caption":"Ronaldo Marquez"},"description":"Ronaldo is an experienced crypto enthusiast dedicated to the nascent and ever-evolving industry. With over five years of extensive research and unwavering dedication, he has cultivated a profound interest in the world of cryptocurrencies. Ronaldo's journey began with a spark of curiosity, which soon transformed into a deep passion for understanding the intricacies of this groundbreaking technology. Driven by an insatiable thirst for knowledge, Ronaldo has delved into the depths of the crypto space, exploring its various facets, from blockchain fundamentals to market trends and investment strategies. His tireless exploration and commitment to staying up-to-date with the latest developments have granted him a unique perspective on the industry. One of Ronaldo's defining areas of expertise lies in technical analysis. He firmly believes that studying charts and deciphering price movements provides valuable insights into the market. Ronaldo recognizes that patterns exist within the chaos of crypto charts, and by utilizing technical analysis tools and indicators, he can unlock hidden opportunities and make informed investment decisions. His dedication to mastering this analytical approach has allowed him to navigate the volatile crypto market with confidence and precision. Ronaldo's commitment to his craft goes beyond personal gain. He is passionate about sharing his knowledge and insights with others, empowering them to make well-informed decisions in the crypto space. Ronaldo's writing is a testament to his dedication, providing readers with meaningful analysis and up-to-date news. He strives to offer a comprehensive understanding of the crypto industry, helping readers navigate its complexities and seize opportunities. Outside of the crypto realm, Ronaldo enjoys indulging in other passions. As an avid sports fan, he finds joy in watching exhilarating sporting events, witnessing the triumphs and challenges of athletes pushing their limits. Furthermore, His passion for languages extends beyond mere communication; he aspires to master German, French, Italian, and Portuguese, in addition to his native Spanish. Recognizing the value of linguistic proficiency, Ronaldo aims to enhance his work prospects, personal relationships, and overall growth. However, Ronaldo's aspirations extend far beyond language acquisition. He believes that the future of the crypto industry holds immense potential as a groundbreaking force in history. With unwavering conviction, he envisions a world where cryptocurrencies unlock financial freedom for all and become catalysts for societal development and growth. Ronaldo is determined to prepare himself for this transformative era, ensuring he is well-equipped to navigate the crypto landscape. Ronaldo also recognizes the importance of maintaining a healthy body and mind, regularly hitting the gym to stay physically fit. He immerses himself in books and podcasts that inspire him to become the best version of himself, constantly seeking new ways to expand his horizons and knowledge. With a genuine desire to become the best version of himself, Ronaldo is committed to continuous improvement. He sets personal goals, embraces challenges, and seeks opportunities for growth and self-reflection. Ultimately, combining his passion for cryptocurrencies, dedication to learning, and commitment to personal development, Ronaldo aims to go hand-in-hand with the exciting new era that the emerging crypto technology is bringing to the world and societies.","sameAs":["https:\/\/instagram.com\/itsmarquez_fr?igshid=ZDdkNTZiNTM=","https:\/\/x.com\/Rmmcapital"],"url":"https:\/\/wncen.com\/author\/ronaldomarquez\/"}]}},"parsely":{"version":"1.1.0","meta":{"@context":"https:\/\/schema.org","@type":"NewsArticle","headline":"Bitcoin Indicators Point To Imminent Resistance Break, Study Shows","url":"http:\/\/wncen.com\/news\/bitcoin-indicators-points-to-imminent-resistance-break\/","mainEntityOfPage":{"@type":"WebPage","@id":"http:\/\/wncen.com\/news\/bitcoin-indicators-points-to-imminent-resistance-break\/"},"thumbnailUrl":"https:\/\/wncen.com\/wp-content\/uploads\/2023\/04\/mathias-reding-R7TNkNlJ2Fw-unsplash-scaled.jpg?resize=200%2C200","image":{"@type":"ImageObject","url":"https:\/\/wncen.com\/wp-content\/uploads\/2023\/04\/mathias-reding-R7TNkNlJ2Fw-unsplash-scaled.jpg?fit=1707%2C2560"},"articleSection":"Cryptocurrency Market News","author":[{"@type":"Person","name":"Ronaldo Marquez"}],"creator":["Ronaldo Marquez"],"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","btcusdt","crypto","cryptocurrency"],"dateCreated":"2023-04-04T16:00:07Z","datePublished":"2023-04-04T16:00:07Z","dateModified":"2024-06-11T14:04:32Z"},"rendered":"<script type=\"application\/ld+json\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@type\":\"NewsArticle\",\"headline\":\"Bitcoin Indicators Point To Imminent Resistance Break, Study Shows\",\"url\":\"http:\\\/\\\/wncen.com\\\/news\\\/bitcoin-indicators-points-to-imminent-resistance-break\\\/\",\"mainEntityOfPage\":{\"@type\":\"WebPage\",\"@id\":\"http:\\\/\\\/wncen.com\\\/news\\\/bitcoin-indicators-points-to-imminent-resistance-break\\\/\"},\"thumbnailUrl\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2023\\\/04\\\/mathias-reding-R7TNkNlJ2Fw-unsplash-scaled.jpg?resize=200%2C200\",\"image\":{\"@type\":\"ImageObject\",\"url\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2023\\\/04\\\/mathias-reding-R7TNkNlJ2Fw-unsplash-scaled.jpg?fit=1707%2C2560\"},\"articleSection\":\"Cryptocurrency Market News\",\"author\":[{\"@type\":\"Person\",\"name\":\"Ronaldo Marquez\"}],\"creator\":[\"Ronaldo Marquez\"],\"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\",\"btcusdt\",\"crypto\",\"cryptocurrency\"],\"dateCreated\":\"2023-04-04T16:00:07Z\",\"datePublished\":\"2023-04-04T16:00:07Z\",\"dateModified\":\"2024-06-11T14:04:32Z\"}<\/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\/2023\/04\/mathias-reding-R7TNkNlJ2Fw-unsplash-scaled.jpg?fit=1707%2C2560","amp_enabled":true,"_links":{"self":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts\/525557","targetHints":{"allow":["GET"]}}],"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\/589"}],"replies":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/comments?post=525557"}],"version-history":[{"count":0,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts\/525557\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/media\/525558"}],"wp:attachment":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/media?parent=525557"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/categories?post=525557"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/tags?post=525557"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}