{"id":529009,"date":"2023-04-28T02:31:51","date_gmt":"2023-04-28T02:31:51","guid":{"rendered":"https:\/\/wncen.com\/?p=529009"},"modified":"2024-06-11T08:11:52","modified_gmt":"2024-06-11T08:11:52","slug":"bitcoin-bulls-keep-pushing-30k","status":"publish","type":"post","link":"https:\/\/wncen.com\/news\/bitcoin-bulls-keep-pushing-30k\/","title":{"rendered":"Bitcoin Bulls Keep Pushing, Why Rally Isn\u2019t Over Yet"},"content":{"rendered":"<p><em>Bitcoin price started a fresh increase above the $29,000 resistance. BTC could rally if there is a clear move above the $30,000 resistance.<\/em><\/p>\n<ul>\n<li>Bitcoin is moving higher above the $28,800 and $29,000 resistance levels.<\/li>\n<li>The price is trading above $28,800 and the 100 hourly Simple moving average.<\/li>\n<li>There is a major contracting triangle forming with support near $29,250 on the hourly chart of the BTC\/USD pair (data feed from Kraken).<\/li>\n<li>The pair could continue to rise if it clears the $29,800 and $30,000 resistance levels.<\/li>\n<\/ul>\n<h2>Bitcoin Price Extends Its Increase<\/h2>\n<p>Bitcoin price <a href=\"https:\/\/wncen.com\/analysis\/btc\/bitcoin-price-volatility-30k\/?swcfpc=1\" target=\"_blank\" rel=\"noopener \">remained strong above the $28,000 support zone<\/a>. BTC bulls were active and were able to pump the price above the $28,500 resistance zone.<\/p>\n<p>There was a steady increase above the $28,800 and $29,000 resistance levels. The price traded close to the $30,000 resistance zone. A high is formed near $29,882 and the price is now consolidating gains. Bitcoin is trading above $28,800 and the <a href=\"https:\/\/wncen.com\/analysis\/btc\/bitcoin-price-signals-increase-29k\/?swcfpc=1\" target=\"_blank\" rel=\"noopener \">100 hourly Simple moving average<\/a>.<\/p>\n<p>There is also a major contracting triangle forming with support near $29,250 on the hourly chart of the BTC\/USD pair. The triangle support is close to the 23.6% Fib retracement level of the upward move from the $27,258 swing low to the $29,882 high.<\/p>\n<p><a href=\"https:\/\/wncen.com\/wp-content\/uploads\/2023\/04\/Bitcoin-18.png\"><img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" class=\"alignnone size-full wp-image-529010\" src=\"https:\/\/wncen.com\/wp-content\/uploads\/2023\/04\/Bitcoin-18.png?resize=1834%2C845\" alt=\"Bitcoin Price\" width=\"1834\" height=\"845\" srcset=\"https:\/\/wncen.com\/wp-content\/uploads\/2023\/04\/Bitcoin-18.png?w=1834 1834w, https:\/\/wncen.com\/wp-content\/uploads\/2023\/04\/Bitcoin-18.png?w=460 460w, https:\/\/wncen.com\/wp-content\/uploads\/2023\/04\/Bitcoin-18.png?w=768 768w, https:\/\/wncen.com\/wp-content\/uploads\/2023\/04\/Bitcoin-18.png?w=860 860w, https:\/\/wncen.com\/wp-content\/uploads\/2023\/04\/Bitcoin-18.png?w=1536 1536w, https:\/\/wncen.com\/wp-content\/uploads\/2023\/04\/Bitcoin-18.png?w=750 750w, https:\/\/wncen.com\/wp-content\/uploads\/2023\/04\/Bitcoin-18.png?w=1140 1140w\" sizes=\"(max-width: 1000px) 100vw, 1000px\"><\/a><\/p>\n<p>Source: <a href=\"https:\/\/www.tradingview.com\/symbols\/BTCUSD\/\" target=\"_blank\" rel=\"noopener nofollow\">BTCUSD on TradingView.com<\/a><\/p>\n<p>Immediate resistance is near the $29,800 level and the triangle trend line. The next major resistance sits near the $30,000 zone. A close above the $30,000 resistance could send Bitcoin toward $30,500. Any more gains could open the doors for a test of the key barrier at $31,200.<\/p>\n<h2>Fresh Decline in BTC?<\/h2>\n<p>If Bitcoin\u2019s price fails to clear the $29,800 resistance, it could again start a fresh decline. Immediate support on the downside is near the $29,250 level and the triangle region.<\/p>\n<p>A downside break below the triangle might send the price toward the 50% Fib retracement level of the upward move from the $27,258 swing low to the $29,882 high. The next major support is near the $28,250 zone or the 100 hourly Simple moving average. Any more losses might take Bitcoin toward $27,800 in the near term.<\/p>\n<p>Technical indicators:<\/p>\n<p>Hourly MACD \u2013 The MACD is now gaining pace in the bullish zone.<\/p>\n<p>Hourly RSI (Relative Strength Index) \u2013 The RSI for BTC\/USD is now above the 50 level.<\/p>\n<p>Major Support Levels \u2013 $29,250, followed by $28,550.<\/p>\n<p>Major Resistance Levels \u2013 $29,800, $30,000, and $30,500.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Bitcoin price started a fresh increase above the $29,000 resistance. BTC could rally if there is a clear move above the $30,000 resistance. Bitcoin is moving higher above the $28,800 and $29,000 resistance levels. The price is trading above $28,800 and the 100 hourly Simple moving average. There is a major contracting triangle forming with support near $29,250 on the hourly chart of the BTC\/USD pair (data feed from Kraken). The pair could continue to rise if it clears the $29,800 and $30,000 resistance levels. Bitcoin Price Extends Its Increase Bitcoin price remained strong above the $28,000 support zone. BTC bulls were active and were able to pump the price above the $28,500 resistance zone. There was a steady increase above the $28,800 and $29,000 resistance levels. The price traded close to the $30,000 resistance zone. A high is formed near $29,882 and the price is now consolidating gains. Bitcoin is trading above $28,800 and the 100 hourly Simple moving average. There is also a major contracting triangle forming with support near $29,250 on the hourly chart of the BTC\/USD pair. The triangle support is close to the 23.6% Fib retracement level of the upward move from the $27,258 swing low to the $29,882 high. Source: BTCUSD on TradingView.com Immediate resistance is near the $29,800 level and the triangle trend line. The next major resistance sits near the $30,000 zone. A close above the $30,000 resistance could send Bitcoin toward $30,500. Any more gains could open the doors for a test of the key barrier at $31,200. Fresh Decline in BTC? If Bitcoin\u2019s price fails to clear the $29,800 resistance, it could again start a fresh decline. Immediate support on the downside is near the $29,250 level and the triangle region. A downside break below the triangle might send the price toward the 50% Fib retracement level of the upward move from the $27,258 swing low to the $29,882 high. The next major support is near the $28,250 zone or the 100 hourly Simple moving average. Any more losses might take Bitcoin toward $27,800 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 above the 50 level. Major Support Levels \u2013 $29,250, followed by $28,550. Major Resistance Levels \u2013 $29,800, $30,000, and $30,500.<\/p>\n","protected":false},"author":67,"featured_media":462847,"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-529009","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":"\n<title>Bitcoin Bulls Keep Pushing, Why Rally Isn\u2019t Over Yet<\/title>\n<meta name=\"description\" content=\"Bitcoin price started a fresh increase above the $29,000 resistance. 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Renowned for his unparalleled proficiency in providing technical analysis, Aayush is a trusted advisor and senior market expert to investors worldwide, guiding them through the intricate landscapes of modern finance with his keen insights and astute chart analysis. From a young age, Aayush exhibited a natural aptitude for deciphering complex systems and unraveling patterns. Fueled by an insatiable curiosity for understanding market dynamics, he embarked on a journey that would lead him to become one of the foremost authorities in the fields of Forex and crypto trading. With a meticulous eye for detail and an unwavering commitment to excellence, Aayush honed his craft over the years, mastering the art of technical analysis and chart interpretation. As a software engineer, Aayush harnesses the power of technology to optimize trading strategies and develop innovative solutions for navigating the volatile waters of financial markets. 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 Bulls Keep Pushing, Why Rally Isn\u2019t Over Yet","url":"http:\/\/wncen.com\/news\/bitcoin-bulls-keep-pushing-30k\/","mainEntityOfPage":{"@type":"WebPage","@id":"http:\/\/wncen.com\/news\/bitcoin-bulls-keep-pushing-30k\/"},"thumbnailUrl":"https:\/\/wncen.com\/wp-content\/uploads\/2021\/05\/shutterstock_793954189.jpg?resize=200%2C200","image":{"@type":"ImageObject","url":"https:\/\/wncen.com\/wp-content\/uploads\/2021\/05\/shutterstock_793954189.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":"2023-04-28T02:31:51Z","datePublished":"2023-04-28T02:31:51Z","dateModified":"2024-06-11T08:11:52Z"},"rendered":"<script type=\"application\/ld+json\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@type\":\"NewsArticle\",\"headline\":\"Bitcoin Bulls Keep Pushing, Why Rally Isn\\u2019t Over Yet\",\"url\":\"http:\\\/\\\/wncen.com\\\/news\\\/bitcoin-bulls-keep-pushing-30k\\\/\",\"mainEntityOfPage\":{\"@type\":\"WebPage\",\"@id\":\"http:\\\/\\\/wncen.com\\\/news\\\/bitcoin-bulls-keep-pushing-30k\\\/\"},\"thumbnailUrl\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2021\\\/05\\\/shutterstock_793954189.jpg?resize=200%2C200\",\"image\":{\"@type\":\"ImageObject\",\"url\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2021\\\/05\\\/shutterstock_793954189.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\":\"2023-04-28T02:31:51Z\",\"datePublished\":\"2023-04-28T02:31:51Z\",\"dateModified\":\"2024-06-11T08:11:52Z\"}<\/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\/shutterstock_793954189.jpg?fit=1000%2C667","amp_enabled":true,"_links":{"self":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts\/529009"}],"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=529009"}],"version-history":[{"count":0,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts\/529009\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/media\/462847"}],"wp:attachment":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/media?parent=529009"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/categories?post=529009"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/tags?post=529009"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}