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{"id":526826,"date":"2023-04-14T03:23:09","date_gmt":"2023-04-14T03:23:09","guid":{"rendered":"https:\/\/wncen.com\/?p=526826"},"modified":"2024-06-11T14:35:22","modified_gmt":"2024-06-11T14:35:22","slug":"bitcoin-price-struggles-to-catch-ethereum","status":"publish","type":"post","link":"https:\/\/wncen.com\/news\/bitcoin-price-struggles-to-catch-ethereum\/","title":{"rendered":"Bitcoin Price Struggles To Catch Up With Ethereum But Eyes More Upsides"},"content":{"rendered":"

Bitcoin price is moving higher above the $30,250 zone. BTC is struggling to gain bullish momentum like Ethereum but it could rally further above $31,000.<\/em><\/p>\n

\n
Bitcoin started another increase above the $30,250 resistance.<\/li>\n
The price is trading above $30,250 and the 100 hourly Simple moving average.<\/li>\n
There was a break above a major declining channel with resistance near $30,200 on the hourly chart of the BTC\/USD pair (data feed from Kraken).<\/li>\n
The pair could consolidate gains before it starts a fresh increase toward $32,000.<\/li>\n<\/ul>\n
Bitcoin Price Breaks Resistance<\/h2>\n
Bitcoin price remained well-bid above the $29,650 support zone. BTC started a fresh increase after there was an upside break in Ethereum<\/a>.<\/p>\n
The bulls were able to pump ETH above the $2,000 and $2,050 resistance levels. However, BTC failed to follow a similar pattern and climbed above the $30,250 resistance. There was a break above a major declining channel<\/a> with resistance near $30,200 on the hourly chart of the BTC\/USD pair.<\/p>\n
Bitcoin price is now trading above $30,250 and the 100 hourly Simple moving average. It traded as high as $30,911 and is currently consolidating gains above the 23.6% Fib retracement level of the upward move from the $29,645 swing low to the $30,911 high.<\/p>\n
$\"Bitcoin$ <\/a><\/p>\n
Source: BTCUSD on TradingView.com<\/a><\/p>\n
Immediate resistance is near the $30,850 level. The next major resistance is near the $31,200 zone. A close above the $31,200 resistance might start another increase. In the stated case, the price may perhaps rise toward the $32,000 level. The next key resistance is near the $32,200 level, above which BTC could rise toward the $33,500 level.<\/p>\n
Are Dips Supported in BTC?<\/h2>\n
If Bitcoin\u2019s price fails to clear the $30,750 resistance, it could a downside correction. Immediate support on the downside is near the $30,400 level.<\/p>\n
The next major support is near the $30,250 zone or the 50% Fib retracement level of the upward move from the $29,645 swing low to the $30,911 high. A downside break and close below the $30,250 support might push the price toward the $30,000 support. Any more losses could lead the price toward the 100 hourly Simple moving average.<\/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 above the 50 level.<\/p>\n
Major Support Levels \u2013 $30,250, followed by $30,000.<\/p>\n
Major Resistance Levels \u2013 $30,750, $31,200, and $32,000.<\/p>\n","protected":false},"excerpt":{"rendered":"
Bitcoin price is moving higher above the $30,250 zone. BTC is struggling to gain bullish momentum like Ethereum but it could rally further above $31,000. Bitcoin started another increase above the $30,250 resistance. The price is trading above $30,250 and the 100 hourly Simple moving average. There was a break above a major declining channel with resistance near $30,200 on the hourly chart of the BTC\/USD pair (data feed from Kraken). The pair could consolidate gains before it starts a fresh increase toward $32,000. Bitcoin Price Breaks Resistance Bitcoin price remained well-bid above the $29,650 support zone. BTC started a fresh increase after there was an upside break in Ethereum. The bulls were able to pump ETH above the $2,000 and $2,050 resistance levels. However, BTC failed to follow a similar pattern and climbed above the $30,250 resistance. There was a break above a major declining channel with resistance near $30,200 on the hourly chart of the BTC\/USD pair. Bitcoin price is now trading above $30,250 and the 100 hourly Simple moving average. It traded as high as $30,911 and is currently consolidating gains above the 23.6% Fib retracement level of the upward move from the $29,645 swing low to the $30,911 high. Source: BTCUSD on TradingView.com Immediate resistance is near the $30,850 level. The next major resistance is near the $31,200 zone. A close above the $31,200 resistance might start another increase. In the stated case, the price may perhaps rise toward the $32,000 level. The next key resistance is near the $32,200 level, above which BTC could rise toward the $33,500 level. Are Dips Supported in BTC? If Bitcoin\u2019s price fails to clear the $30,750 resistance, it could a downside correction. Immediate support on the downside is near the $30,400 level. The next major support is near the $30,250 zone or the 50% Fib retracement level of the upward move from the $29,645 swing low to the $30,911 high. A downside break and close below the $30,250 support might push the price toward the $30,000 support. Any more losses could lead the price toward the 100 hourly Simple moving average. 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 above the 50 level. Major Support Levels \u2013 $30,250, followed by $30,000. Major Resistance Levels \u2013 $30,750, $31,200, and $32,000.<\/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-526826","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 Struggles To Catch Up With Ethereum But Eyes More Upsides<\/title>\n<meta name=\"description\" content=\"Bitcoin price is moving higher above the $30,250 zone. 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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 Struggles To Catch Up With Ethereum But Eyes More Upsides","url":"http:\/\/wncen.com\/news\/bitcoin-price-struggles-to-catch-ethereum\/","mainEntityOfPage":{"@type":"WebPage","@id":"http:\/\/wncen.com\/news\/bitcoin-price-struggles-to-catch-ethereum\/"},"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":"2023-04-14T03:23:09Z","datePublished":"2023-04-14T03:23:09Z","dateModified":"2024-06-11T14:35:22Z"},"rendered":"<script type=\"application\/ld+json\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@type\":\"NewsArticle\",\"headline\":\"Bitcoin Price Struggles To Catch Up With Ethereum But Eyes More Upsides\",\"url\":\"http:\\\/\\\/wncen.com\\\/news\\\/bitcoin-price-struggles-to-catch-ethereum\\\/\",\"mainEntityOfPage\":{\"@type\":\"WebPage\",\"@id\":\"http:\\\/\\\/wncen.com\\\/news\\\/bitcoin-price-struggles-to-catch-ethereum\\\/\"},\"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\":\"2023-04-14T03:23:09Z\",\"datePublished\":\"2023-04-14T03:23:09Z\",\"dateModified\":\"2024-06-11T14:35:22Z\"}<\/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\/526826","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\/67"}],"replies":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/comments?post=526826"}],"version-history":[{"count":0,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts\/526826\/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=526826"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/categories?post=526826"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/tags?post=526826"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}