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{"id":527465,"date":"2023-04-19T02:22:58","date_gmt":"2023-04-19T02:22:58","guid":{"rendered":"https:\/\/wncen.com\/?p=527465"},"modified":"2024-06-11T14:35:30","modified_gmt":"2024-06-11T14:35:30","slug":"bitcoin-price-regains-strength-30k","status":"publish","type":"post","link":"https:\/\/wncen.com\/news\/bitcoin-price-regains-strength-30k\/","title":{"rendered":"Bitcoin Price Regains Strength But BTC Must Clear This Key Resistance"},"content":{"rendered":"

Bitcoin price found support near $29,200 and recovered losses. BTC must clear the $30,500 resistance to continue higher in the near term.<\/em><\/p>\n

\n
Bitcoin started a fresh increase from the $29,200 support zone.<\/li>\n
The price is trading above $30,000 and the 100 hourly Simple moving average.<\/li>\n
There was a break above a major bearish trend line with resistance near $30,080 on the hourly chart of the BTC\/USD pair (data feed from Kraken).<\/li>\n
The pair could rise further if it manages to clear the $30,500 resistance zone.<\/li>\n<\/ul>\n
Bitcoin Price Faces Hurdle<\/h2>\n
Bitcoin price started a downside correction below the $30,000 level<\/a>. However, BTC bulls were active near the $29,200 zone. A low was formed near $29,123 and the price started a fresh increase.<\/p>\n
There was a break above the $29,800 and $30,000 resistance levels. Besides, there was a break above a major bearish trend line with resistance near $30,080 on the hourly chart of the BTC\/USD pair. The price is now facing resistance near the $30,500 zone.<\/p>\n
A high is formed near $30,480 and the price is consolidating gains. Bitcoin is trading above $30,000 and the 100 hourly Simple moving average<\/a>. It is also near the 23.6% Fib retracement level of the recent increase from the $29,123 swing low to the $30,480 high.<\/p>\n
Immediate resistance is near the $30,400 level. The first major resistance is forming near the $30,500 level. A move above the $30,500 resistance might call for a decent increase.<\/p>\n
$\"Bitcoin$ <\/a><\/p>\n
Source: BTCUSD on TradingView.com<\/a><\/p>\n
The next major resistance is near the $31,200 zone. A close above the $31,200 resistance might send the price toward the $32,000 resistance. Any more gains could open the doors for a test of $33,500.<\/p>\n
Fresh Decline in BTC?<\/h2>\n
If Bitcoin\u2019s price fails to clear the $30,500 resistance, it could start another decline. Immediate support on the downside is near the $30,050 level and the 100 hourly Simple moving average.<\/p>\n
The next major support is near the $29,800 zone or the 50% Fib retracement level of the recent increase from the $29,123 swing low to the $30,480 high. A downside break and close below the $29,800 support might push the price toward the $29,200 support.<\/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 $29,800, followed by $29,200.<\/p>\n
Major Resistance Levels \u2013 $30,400, $30,500, and $31,200.<\/p>\n","protected":false},"excerpt":{"rendered":"
Bitcoin price found support near $29,200 and recovered losses. BTC must clear the $30,500 resistance to continue higher in the near term. Bitcoin started a fresh increase from the $29,200 support zone. The price is trading above $30,000 and the 100 hourly Simple moving average. There was a break above a major bearish trend line with resistance near $30,080 on the hourly chart of the BTC\/USD pair (data feed from Kraken). The pair could rise further if it manages to clear the $30,500 resistance zone. Bitcoin Price Faces Hurdle Bitcoin price started a downside correction below the $30,000 level. However, BTC bulls were active near the $29,200 zone. A low was formed near $29,123 and the price started a fresh increase. There was a break above the $29,800 and $30,000 resistance levels. Besides, there was a break above a major bearish trend line with resistance near $30,080 on the hourly chart of the BTC\/USD pair. The price is now facing resistance near the $30,500 zone. A high is formed near $30,480 and the price is consolidating gains. Bitcoin is trading above $30,000 and the 100 hourly Simple moving average. It is also near the 23.6% Fib retracement level of the recent increase from the $29,123 swing low to the $30,480 high. Immediate resistance is near the $30,400 level. The first major resistance is forming near the $30,500 level. A move above the $30,500 resistance might call for a decent increase. Source: BTCUSD on TradingView.com The next major resistance is near the $31,200 zone. A close above the $31,200 resistance might send the price toward the $32,000 resistance. Any more gains could open the doors for a test of $33,500. Fresh Decline in BTC? If Bitcoin\u2019s price fails to clear the $30,500 resistance, it could start another decline. Immediate support on the downside is near the $30,050 level and the 100 hourly Simple moving average. The next major support is near the $29,800 zone or the 50% Fib retracement level of the recent increase from the $29,123 swing low to the $30,480 high. A downside break and close below the $29,800 support might push the price toward the $29,200 support. 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 $29,800, followed by $29,200. Major Resistance Levels \u2013 $30,400, $30,500, and $31,200.<\/p>\n","protected":false},"author":67,"featured_media":459593,"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-527465","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 Regains Strength But BTC Must Clear This Key Resistance<\/title>\n<meta name=\"description\" content=\"Bitcoin price found support near $29,200 and recovered losses. 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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 Regains Strength But BTC Must Clear This Key Resistance","url":"http:\/\/wncen.com\/news\/bitcoin-price-regains-strength-30k\/","mainEntityOfPage":{"@type":"WebPage","@id":"http:\/\/wncen.com\/news\/bitcoin-price-regains-strength-30k\/"},"thumbnailUrl":"https:\/\/wncen.com\/wp-content\/uploads\/2021\/03\/shutterstock_555674926.jpg?resize=200%2C200","image":{"@type":"ImageObject","url":"https:\/\/wncen.com\/wp-content\/uploads\/2021\/03\/shutterstock_555674926.jpg?fit=1000%2C680"},"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":"2023-04-19T02:22:58Z","datePublished":"2023-04-19T02:22:58Z","dateModified":"2024-06-11T14:35:30Z"},"rendered":"<script type=\"application\/ld+json\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@type\":\"NewsArticle\",\"headline\":\"Bitcoin Price Regains Strength But BTC Must Clear This Key Resistance\",\"url\":\"http:\\\/\\\/wncen.com\\\/news\\\/bitcoin-price-regains-strength-30k\\\/\",\"mainEntityOfPage\":{\"@type\":\"WebPage\",\"@id\":\"http:\\\/\\\/wncen.com\\\/news\\\/bitcoin-price-regains-strength-30k\\\/\"},\"thumbnailUrl\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2021\\\/03\\\/shutterstock_555674926.jpg?resize=200%2C200\",\"image\":{\"@type\":\"ImageObject\",\"url\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2021\\\/03\\\/shutterstock_555674926.jpg?fit=1000%2C680\"},\"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\":\"2023-04-19T02:22:58Z\",\"datePublished\":\"2023-04-19T02:22:58Z\",\"dateModified\":\"2024-06-11T14:35:30Z\"}<\/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_555674926.jpg?fit=1000%2C680","amp_enabled":true,"_links":{"self":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts\/527465","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=527465"}],"version-history":[{"count":0,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts\/527465\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/media\/459593"}],"wp:attachment":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/media?parent=527465"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/categories?post=527465"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/tags?post=527465"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}