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{"id":539068,"date":"2023-06-22T02:44:41","date_gmt":"2023-06-22T02:44:41","guid":{"rendered":"https:\/\/wncen.com\/?p=539068"},"modified":"2024-06-11T14:37:52","modified_gmt":"2024-06-11T14:37:52","slug":"bitcoin-bulls-pushing-30k","status":"publish","type":"post","link":"https:\/\/wncen.com\/news\/bitcoin-bulls-pushing-30k\/","title":{"rendered":"Bitcoin Bulls Keep Pushing, Why Rally Isn\u2019t Over Yet"},"content":{"rendered":"

Bitcoin price is surging above $30,000. BTC is up over 10% and it seems like the bulls are not done yet and might be aiming for a move to $32,000.<\/em><\/p>\n

\n
Bitcoin is gaining pace above the $30,000 resistance.<\/li>\n
The price is trading above $29,500 and the 100 hourly Simple moving average.<\/li>\n
There is a key bullish trend line forming with support near $30,250 on the hourly chart of the BTC\/USD pair (data feed from Kraken).<\/li>\n
The pair could rise further if it clears the $30,800 and $31,200 resistance levels.<\/li>\n<\/ul>\n
Bitcoin Price Extends Its Rally<\/h2>\n
Bitcoin price started a major rally above the $28,500 resistance zone<\/a>. BTC gained strength and was able to clear the key $29,200 resistance zone. It is up over 10% and there was a clear move above the $30,000 resistance.<\/p>\n
It traded close to $30,800. A high is formed near $30,794 and the price recently saw a minor downside correction. There was a move below the $30,500 level. The price dipped below the 23.6% Fib retracement level of the recent wave from the $28,660 swing low to the $30,794 high.<\/p>\n
Bitcoin price is now trading above $29,500 and the 100 hourly Simple moving average<\/a>. There is also a key bullish trend line forming with support near $30,250 on the hourly chart of the BTC\/USD pair.<\/p>\n
$\"Bitcoin$ <\/p>\n
Source: BTCUSD on TradingView.com<\/a><\/p>\n
It is again rising and trading above the $30,000 level. On the upside, the price is facing resistance near the $30,300 level. The next major resistance is near the $30,800 level. An upside break above the $30,800 resistance could start a fresh increase toward the $31,200 level. The next major resistance is near the $32,000 level, above which the bulls might send BTC toward the $32,500 resistance zone.<\/p>\n
Dips Present Buying Opportunity in BTC?<\/h2>\n
If Bitcoin\u2019s price fails to clear the $30,800 resistance, it could start a downside correction. Immediate support on the downside is near the $30,250 level and the trend line.<\/p>\n
The next major support is near the $29,750 level or the 50% Fib retracement level of the recent wave from the $28,660 swing low to the $30,794 high. The main support is now near $29,000, below which the price might drop toward the $28,500 support. Any more losses might send the price toward $27,500 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 in the overbought zone.<\/p>\n
Major Support Levels \u2013 $30,200, followed by $29,750.<\/p>\n
Major Resistance Levels \u2013 $30,300, $30,800, and $31,200.<\/p>\n","protected":false},"excerpt":{"rendered":"
Bitcoin price is surging above $30,000. BTC is up over 10% and it seems like the bulls are not done yet and might be aiming for a move to $32,000. Bitcoin is gaining pace above the $30,000 resistance. The price is trading above $29,500 and the 100 hourly Simple moving average. There is a key bullish trend line forming with support near $30,250 on the hourly chart of the BTC\/USD pair (data feed from Kraken). The pair could rise further if it clears the $30,800 and $31,200 resistance levels. Bitcoin Price Extends Its Rally Bitcoin price started a major rally above the $28,500 resistance zone. BTC gained strength and was able to clear the key $29,200 resistance zone. It is up over 10% and there was a clear move above the $30,000 resistance. It traded close to $30,800. A high is formed near $30,794 and the price recently saw a minor downside correction. There was a move below the $30,500 level. The price dipped below the 23.6% Fib retracement level of the recent wave from the $28,660 swing low to the $30,794 high. Bitcoin price is now trading above $29,500 and the 100 hourly Simple moving average. There is also a key bullish trend line forming with support near $30,250 on the hourly chart of the BTC\/USD pair. Source: BTCUSD on TradingView.com It is again rising and trading above the $30,000 level. On the upside, the price is facing resistance near the $30,300 level. The next major resistance is near the $30,800 level. An upside break above the $30,800 resistance could start a fresh increase toward the $31,200 level. The next major resistance is near the $32,000 level, above which the bulls might send BTC toward the $32,500 resistance zone. Dips Present Buying Opportunity in BTC? If Bitcoin\u2019s price fails to clear the $30,800 resistance, it could start a downside correction. Immediate support on the downside is near the $30,250 level and the trend line. The next major support is near the $29,750 level or the 50% Fib retracement level of the recent wave from the $28,660 swing low to the $30,794 high. The main support is now near $29,000, below which the price might drop toward the $28,500 support. Any more losses might send the price toward $27,500 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 in the overbought zone. Major Support Levels \u2013 $30,200, followed by $29,750. Major Resistance Levels \u2013 $30,300, $30,800, and $31,200.<\/p>\n","protected":false},"author":67,"featured_media":456282,"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-539068","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 Bulls Keep Pushing, Why Rally Isn\u2019t Over Yet<\/title>\n<meta name=\"description\" content=\"Bitcoin price is surging above $30,000. 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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 Bulls Keep Pushing, Why Rally Isn\u2019t Over Yet","url":"http:\/\/wncen.com\/news\/bitcoin-bulls-pushing-30k\/","mainEntityOfPage":{"@type":"WebPage","@id":"http:\/\/wncen.com\/news\/bitcoin-bulls-pushing-30k\/"},"thumbnailUrl":"https:\/\/wncen.com\/wp-content\/uploads\/2021\/02\/bitcoin_price_btc_1.jpg?resize=200%2C200","image":{"@type":"ImageObject","url":"https:\/\/wncen.com\/wp-content\/uploads\/2021\/02\/bitcoin_price_btc_1.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":"2023-06-22T02:44:41Z","datePublished":"2023-06-22T02:44:41Z","dateModified":"2024-06-11T14:37:52Z"},"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-pushing-30k\\\/\",\"mainEntityOfPage\":{\"@type\":\"WebPage\",\"@id\":\"http:\\\/\\\/wncen.com\\\/news\\\/bitcoin-bulls-pushing-30k\\\/\"},\"thumbnailUrl\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2021\\\/02\\\/bitcoin_price_btc_1.jpg?resize=200%2C200\",\"image\":{\"@type\":\"ImageObject\",\"url\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2021\\\/02\\\/bitcoin_price_btc_1.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\":\"2023-06-22T02:44:41Z\",\"datePublished\":\"2023-06-22T02:44:41Z\",\"dateModified\":\"2024-06-11T14:37:52Z\"}<\/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\/02\/bitcoin_price_btc_1.jpg?fit=1000%2C667","amp_enabled":true,"_links":{"self":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts\/539068"}],"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=539068"}],"version-history":[{"count":0,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts\/539068\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/media\/456282"}],"wp:attachment":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/media?parent=539068"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/categories?post=539068"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/tags?post=539068"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}