{"id":556680,"date":"2023-10-24T03:43:48","date_gmt":"2023-10-24T03:43:48","guid":{"rendered":"https:\/\/wncen.com\/?p=556680"},"modified":"2024-06-11T14:30:21","modified_gmt":"2024-06-11T14:30:21","slug":"bitcoin-price-rally-to-35000","status":"publish","type":"post","link":"https:\/\/wncen.com\/news\/bitcoin-price-rally-to-35000\/","title":{"rendered":"Bitcoin Price Rally To $35,000 Could Be The Start The Bulls Needed"},"content":{"rendered":"<p><em>Bitcoin price is up over 15% and trading near the $35,000 resistance. BTC could correct in the short term before it starts another increase.<\/em><\/p>\n<ul>\n<li>Bitcoin started a strong increase after there was speculation of spot ETF being listed DTCC.<\/li>\n<li>The price is trading above $34,000 and the 100 hourly Simple moving average.<\/li>\n<li>There is a connecting bullish trend line forming with support near $32,500 on the hourly chart of the BTC\/USD pair (data feed from Kraken).<\/li>\n<li>The pair could correct in the short term before it resumes its increase.<\/li>\n<\/ul>\n<h2>Bitcoin Price Jumps Over 15%<\/h2>\n<p>Bitcoin price started a strong increase after there was speculation of spot ETF being listed DTCC. BTC gained bullish momentum after it broke the <a href=\"https:\/\/wncen.com\/analysis\/btc\/bitcoin-price-hold-strong-at-30k\/\" target=\"_blank\" rel=\"noopener \">$32,000 resistance zone<\/a>.<\/p>\n<p>There was a decent increase toward the $35,000 resistance zone. A new multi-week high is formed near $35,225 and the price is now consolidating gains. It is trading well above the 23.6% Fib retracement level of the upward move from the $30,400 swing low to the $35,225 high.<\/p>\n<p>Bitcoin is now trading above $34,000 and the <a href=\"https:\/\/wncen.com\/analysis\/btc\/bitcoin-price-hesitates-30k\/\" target=\"_blank\" rel=\"noopener \">100 hourly Simple moving average<\/a>. There is also a connecting bullish trend line forming with support near $32,500 on the hourly chart of the BTC\/USD pair. The trend line is near the 61.8% Fib retracement level of the upward move from the $30,400 swing low to the $35,225 high.<\/p>\n<p><a href=\"https:\/\/wncen.com\/wp-content\/uploads\/2023\/10\/Bitcoin-16.png\"><img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" class=\"alignnone size-full wp-image-556681\" src=\"https:\/\/wncen.com\/wp-content\/uploads\/2023\/10\/Bitcoin-16.png?resize=1024%2C468\" alt=\"Bitcoin Price\" width=\"1024\" height=\"468\" srcset=\"https:\/\/wncen.com\/wp-content\/uploads\/2023\/10\/Bitcoin-16.png?w=1835 1835w, https:\/\/wncen.com\/wp-content\/uploads\/2023\/10\/Bitcoin-16.png?w=460 460w, https:\/\/wncen.com\/wp-content\/uploads\/2023\/10\/Bitcoin-16.png?w=768 768w, https:\/\/wncen.com\/wp-content\/uploads\/2023\/10\/Bitcoin-16.png?w=860 860w, https:\/\/wncen.com\/wp-content\/uploads\/2023\/10\/Bitcoin-16.png?w=1536 1536w, https:\/\/wncen.com\/wp-content\/uploads\/2023\/10\/Bitcoin-16.png?w=750 750w, https:\/\/wncen.com\/wp-content\/uploads\/2023\/10\/Bitcoin-16.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>On the upside, immediate resistance is near the $34,800 level. The next key resistance could be near $35,250. A clear move above the recent high might send the price toward the $36,200 resistance. The next key resistance could be $37,000. Any more gains might send BTC toward the $38,000 level in the coming days.<\/p>\n<h2>Downsides Supported In BTC?<\/h2>\n<p>If Bitcoin fails to rise above the $34,800 resistance zone, it could start a downside correction. Immediate support on the downside is near the $34,120 level.<\/p>\n<p>The next major support is near the $32,800 level and the trend line. If there is a move below the trend line support, the price may perhaps decline toward the $31,500 level in the coming sessions.<\/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 $34,120, followed by $32,800.<\/p>\n<p>Major Resistance Levels \u2013 $34,800, $35,000, and $35,250.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Bitcoin price is up over 15% and trading near the $35,000 resistance. BTC could correct in the short term before it starts another increase. Bitcoin started a strong increase after there was speculation of spot ETF being listed DTCC. The price is trading above $34,000 and the 100 hourly Simple moving average. There is a connecting bullish trend line forming with support near $32,500 on the hourly chart of the BTC\/USD pair (data feed from Kraken). The pair could correct in the short term before it resumes its increase. Bitcoin Price Jumps Over 15% Bitcoin price started a strong increase after there was speculation of spot ETF being listed DTCC. BTC gained bullish momentum after it broke the $32,000 resistance zone. There was a decent increase toward the $35,000 resistance zone. A new multi-week high is formed near $35,225 and the price is now consolidating gains. It is trading well above the 23.6% Fib retracement level of the upward move from the $30,400 swing low to the $35,225 high. Bitcoin is now trading above $34,000 and the 100 hourly Simple moving average. There is also a connecting bullish trend line forming with support near $32,500 on the hourly chart of the BTC\/USD pair. The trend line is near the 61.8% Fib retracement level of the upward move from the $30,400 swing low to the $35,225 high. Source: BTCUSD on TradingView.com On the upside, immediate resistance is near the $34,800 level. The next key resistance could be near $35,250. A clear move above the recent high might send the price toward the $36,200 resistance. The next key resistance could be $37,000. Any more gains might send BTC toward the $38,000 level in the coming days. Downsides Supported In BTC? If Bitcoin fails to rise above the $34,800 resistance zone, it could start a downside correction. Immediate support on the downside is near the $34,120 level. The next major support is near the $32,800 level and the trend line. If there is a move below the trend line support, the price may perhaps decline toward the $31,500 level in the coming sessions. 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 $34,120, followed by $32,800. Major Resistance Levels \u2013 $34,800, $35,000, and $35,250.<\/p>\n","protected":false},"author":67,"featured_media":460128,"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-556680","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 Price Rally To $35,000 Could Be The Start The Bulls Needed<\/title>\n<meta name=\"description\" content=\"Bitcoin price is up over 15% and trading near the $35,000 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 Price Rally To $35,000 Could Be The Start The Bulls Needed","url":"http:\/\/wncen.com\/news\/bitcoin-price-rally-to-35000\/","mainEntityOfPage":{"@type":"WebPage","@id":"http:\/\/wncen.com\/news\/bitcoin-price-rally-to-35000\/"},"thumbnailUrl":"https:\/\/wncen.com\/wp-content\/uploads\/2021\/04\/hello-i-m-nik-8yCmQODY2SY-unsplash.jpg?resize=200%2C200","image":{"@type":"ImageObject","url":"https:\/\/wncen.com\/wp-content\/uploads\/2021\/04\/hello-i-m-nik-8yCmQODY2SY-unsplash.jpg?fit=1920%2C1285"},"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":"2023-10-24T03:43:48Z","datePublished":"2023-10-24T03:43:48Z","dateModified":"2024-06-11T14:30:21Z"},"rendered":"<script type=\"application\/ld+json\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@type\":\"NewsArticle\",\"headline\":\"Bitcoin Price Rally To $35,000 Could Be The Start The Bulls Needed\",\"url\":\"http:\\\/\\\/wncen.com\\\/news\\\/bitcoin-price-rally-to-35000\\\/\",\"mainEntityOfPage\":{\"@type\":\"WebPage\",\"@id\":\"http:\\\/\\\/wncen.com\\\/news\\\/bitcoin-price-rally-to-35000\\\/\"},\"thumbnailUrl\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2021\\\/04\\\/hello-i-m-nik-8yCmQODY2SY-unsplash.jpg?resize=200%2C200\",\"image\":{\"@type\":\"ImageObject\",\"url\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2021\\\/04\\\/hello-i-m-nik-8yCmQODY2SY-unsplash.jpg?fit=1920%2C1285\"},\"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\":\"2023-10-24T03:43:48Z\",\"datePublished\":\"2023-10-24T03:43:48Z\",\"dateModified\":\"2024-06-11T14:30:21Z\"}<\/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\/04\/hello-i-m-nik-8yCmQODY2SY-unsplash.jpg?fit=1920%2C1285","amp_enabled":true,"_links":{"self":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts\/556680"}],"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=556680"}],"version-history":[{"count":0,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts\/556680\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/media\/460128"}],"wp:attachment":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/media?parent=556680"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/categories?post=556680"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/tags?post=556680"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}