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{"id":447573,"date":"2020-10-25T03:58:50","date_gmt":"2020-10-25T03:58:50","guid":{"rendered":"https:\/\/wncen.com\/?p=447573"},"modified":"2024-06-11T14:07:32","modified_gmt":"2024-06-11T14:07:32","slug":"bitcoin-target-fresh-high-13-5k","status":"publish","type":"post","link":"https:\/\/wncen.com\/news\/bitcoin-target-fresh-high-13-5k\/","title":{"rendered":"Bitcoin Technicals Suggest Bulls Likely To Target Fresh High above $13.5K"},"content":{"rendered":"

Bitcoin price is trading nicely above the $13,000 resistance zone against the US Dollar. BTC is showing positive signs and likely gearing for more upsides above $13,200 and $13,500.<\/em><\/p>\n

\n
Bitcoin successfully cleared the $12,800 and $13,000 resistance levels.<\/li>\n
The price is now trading nicely above the $13,000 handle and the 100 simple moving average (4-hours).<\/li>\n
There is a major bullish trend line forming with support near $13,000 on the 4-hours chart of the BTC\/USD pair (data feed from Kraken).<\/li>\n
The pair could continue to rise above the $13,200 and $13,250 resistance levels.<\/li>\n<\/ul>\n
Bitcoin Price Aims New High<\/h2>\n
This past week, bitcoin started a strong increase above the $12,000 and $12,500 resistance levels against the US Dollar. The BTC\/USD pair even surged above the $13,000 level and settled nicely above the 100 simple moving average (4-hours).<\/p>\n
It traded to a new monthly high at $13,250 before starting a short-term downside correction<\/a>. There was a break below the $13,000 level, but the price remained well bid above the $12,650 support zone.<\/p>\n
A low was formed near $12,740 before the price started a fresh increase. There was a break above the $13,000 resistance level, plus the price settled above the 50% Fib retracement level of the recent decline from the $13,250 swing high to $12,740 low.<\/p>\n
$\"Bitcoin$ <\/a><\/p>\n
Source: BTCUSD on TradingView.com<\/a><\/pre>\n
The price is now approaching the $13,200 resistance level. It seems like there is a major bullish trend line forming with support near $13,000 on the 4-hours chart of the BTC\/USD pair.<\/p>\n
On the upside, the price is facing a strong resistance near the $13,200 and $13,220 levels. If there is a clear break above $13,200, the bulls are likely to aim a new monthly high and the price could test the $13,500 level. Any further gains<\/a> could open the doors for a rise towards the $14,000 resistance.<\/p>\n
Downsides Could Be Limited in BTC<\/h2>\n
If bitcoin fails to clear the $13,200 resistance, it could correct lower. An initial support is near the trend line zone and the $13,000 level.<\/p>\n
A downside break below the $13,000 and $12,950 support levels could push the price towards the $12,740 low. The next major support is near the $12,650 level, below which the price might test the $12,500 level.<\/p>\n
Technical indicators<\/p>\n
4 hours MACD \u2013 The MACD for BTC\/USD is likely to move back into the bullish zone.<\/p>\n
4 hours RSI (Relative Strength Index) \u2013 The RSI for BTC\/USD is still well above the 70 level.<\/p>\n
Major Support Level \u2013 $13,000<\/p>\n
Major Resistance Level \u2013 $13,200<\/p>\n","protected":false},"excerpt":{"rendered":"
Bitcoin price is trading nicely above the $13,000 resistance zone against the US Dollar. BTC is showing positive signs and likely gearing for more upsides above $13,200 and $13,500. Bitcoin successfully cleared the $12,800 and $13,000 resistance levels. The price is now trading nicely above the $13,000 handle and the 100 simple moving average (4-hours). There is a major bullish trend line forming with support near $13,000 on the 4-hours chart of the BTC\/USD pair (data feed from Kraken). The pair could continue to rise above the $13,200 and $13,250 resistance levels. Bitcoin Price Aims New High This past week, bitcoin started a strong increase above the $12,000 and $12,500 resistance levels against the US Dollar. The BTC\/USD pair even surged above the $13,000 level and settled nicely above the 100 simple moving average (4-hours). It traded to a new monthly high at $13,250 before starting a short-term downside correction. There was a break below the $13,000 level, but the price remained well bid above the $12,650 support zone. A low was formed near $12,740 before the price started a fresh increase. There was a break above the $13,000 resistance level, plus the price settled above the 50% Fib retracement level of the recent decline from the $13,250 swing high to $12,740 low. Source: BTCUSD on TradingView.com The price is now approaching the $13,200 resistance level. It seems like there is a major bullish trend line forming with support near $13,000 on the 4-hours chart of the BTC\/USD pair. On the upside, the price is facing a strong resistance near the $13,200 and $13,220 levels. If there is a clear break above $13,200, the bulls are likely to aim a new monthly high and the price could test the $13,500 level. Any further gains could open the doors for a rise towards the $14,000 resistance. Downsides Could Be Limited in BTC If bitcoin fails to clear the $13,200 resistance, it could correct lower. An initial support is near the trend line zone and the $13,000 level. A downside break below the $13,000 and $12,950 support levels could push the price towards the $12,740 low. The next major support is near the $12,650 level, below which the price might test the $12,500 level. Technical indicators 4 hours MACD \u2013 The MACD for BTC\/USD is likely to move back into the bullish zone. 4 hours RSI (Relative Strength Index) \u2013 The RSI for BTC\/USD is still well above the 70 level. Major Support Level \u2013 $13,000 Major Resistance Level \u2013 $13,200<\/p>\n","protected":false},"author":67,"featured_media":447575,"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":[428,1144,78790,76835],"class_list":["post-447573","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-bitcoin","tag-btcusd","tag-btcusdt","tag-xbtusd"],"acf":[],"yoast_head":"\nBitcoin Technicals Suggest Bulls Likely To Target Fresh High above $13.5K<\/title>\n<meta name=\"description\" content=\"Bitcoin price is trading nicely above $13,000. 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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 Technicals Suggest Bulls Likely To Target Fresh High above $13.5K","url":"http:\/\/wncen.com\/news\/bitcoin-target-fresh-high-13-5k\/","mainEntityOfPage":{"@type":"WebPage","@id":"http:\/\/wncen.com\/news\/bitcoin-target-fresh-high-13-5k\/"},"thumbnailUrl":"https:\/\/wncen.com\/wp-content\/uploads\/2020\/10\/Depositphotos_95168676_s-2019.jpg?resize=200%2C200","image":{"@type":"ImageObject","url":"https:\/\/wncen.com\/wp-content\/uploads\/2020\/10\/Depositphotos_95168676_s-2019.jpg?fit=1000%2C799"},"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","btcusd","btcusdt","xbtusd"],"dateCreated":"2020-10-25T03:58:50Z","datePublished":"2020-10-25T03:58:50Z","dateModified":"2024-06-11T14:07:32Z"},"rendered":"<script type=\"application\/ld+json\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@type\":\"NewsArticle\",\"headline\":\"Bitcoin Technicals Suggest Bulls Likely To Target Fresh High above $13.5K\",\"url\":\"http:\\\/\\\/wncen.com\\\/news\\\/bitcoin-target-fresh-high-13-5k\\\/\",\"mainEntityOfPage\":{\"@type\":\"WebPage\",\"@id\":\"http:\\\/\\\/wncen.com\\\/news\\\/bitcoin-target-fresh-high-13-5k\\\/\"},\"thumbnailUrl\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2020\\\/10\\\/Depositphotos_95168676_s-2019.jpg?resize=200%2C200\",\"image\":{\"@type\":\"ImageObject\",\"url\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2020\\\/10\\\/Depositphotos_95168676_s-2019.jpg?fit=1000%2C799\"},\"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\",\"btcusd\",\"btcusdt\",\"xbtusd\"],\"dateCreated\":\"2020-10-25T03:58:50Z\",\"datePublished\":\"2020-10-25T03:58:50Z\",\"dateModified\":\"2024-06-11T14:07:32Z\"}<\/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\/2020\/10\/Depositphotos_95168676_s-2019.jpg?fit=1000%2C799","amp_enabled":true,"_links":{"self":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts\/447573"}],"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=447573"}],"version-history":[{"count":0,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts\/447573\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/media\/447575"}],"wp:attachment":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/media?parent=447573"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/categories?post=447573"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/tags?post=447573"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}