BTCUSD on TradingView.com<\/a><\/p>\nA close above the $41,500 resistance might send the price further higher. The next key resistance could be near $42,000, above which BTC could rise toward the $42,400 level.<\/p>\n
Are Dips Supported In BTC?<\/h2>\n If Bitcoin fails to rise above the $40,850 resistance zone, it could start a downside correction. Immediate support on the downside is near the $40,500 level.<\/p>\n
The next major support is near $40,000 and the trend line. If there is a move below $40,000, there is a risk of more downsides. In the stated case, the price could drop toward the $39,720 support 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 now above the 50 level.<\/p>\n
Major Support Levels \u2013 $40,500, followed by $40,000.<\/p>\n
Major Resistance Levels \u2013 $40,850, $41,200, and $42,000.<\/p>\n","protected":false},"excerpt":{"rendered":"
Bitcoin price is up over 5% and it broke the $40,000 resistance. BTC is rising and might soon climb higher toward the $42,000 resistance. Bitcoin broke the $38,500 resistance zone and surged above $40,000. The price is trading above $40,000 and the 100 hourly Simple moving average. There is a connecting bullish trend line forming with support near $40,100 on the hourly chart of the BTC\/USD pair (data feed from Kraken). The pair could continue to rise toward the $42,000 resistance. Bitcoin Price Clears $40K Bitcoin price remained strong and was able to clear the $38,500 resistance zone. BTC bulls gained strength and they were able to clear the $39,500 resistance zone. Finally, the price surged above the $40,000 resistance zone. It is up over 5% and a new multi-month high is formed near $40,890. The price is now consolidating gains above the 23.6% Fib retracement level of the recent increase from the $39,360 swing low to the $40,890 high. Bitcoin is also trading above $40,000 and the 100 hourly Simple moving average. Besides, there is a connecting bullish trend line forming with support near $40,100 on the hourly chart of the BTC\/USD pair. The trend line is close to the 50% Fib retracement level of the recent increase from the $39,360 swing low to the $40,890 high. On the upside, immediate resistance is near the $40,850 level. The first major resistance is forming near $41,200, above which the price might rise toward the $41,500 level. Source: BTCUSD on TradingView.com A close above the $41,500 resistance might send the price further higher. The next key resistance could be near $42,000, above which BTC could rise toward the $42,400 level. Are Dips Supported In BTC? If Bitcoin fails to rise above the $40,850 resistance zone, it could start a downside correction. Immediate support on the downside is near the $40,500 level. The next major support is near $40,000 and the trend line. If there is a move below $40,000, there is a risk of more downsides. In the stated case, the price could drop toward the $39,720 support 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 $40,500, followed by $40,000. Major Resistance Levels \u2013 $40,850, $41,200, and $42,000.<\/p>\n","protected":false},"author":67,"featured_media":458533,"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-563690","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
Bitcoin Price Surges Over 5% To Clear $40k, Why BTC Bulls Are Not Done Yet<\/title>\n \n \n \n \n \n \n \n \n \n \n \n \n \n\t \n\t \n\t \n \n \n \n \n \n\t \n\t \n\t \n