{"id":490412,"date":"2022-05-13T03:08:53","date_gmt":"2022-05-13T03:08:53","guid":{"rendered":"https:\/\/wncen.com\/?p=490412"},"modified":"2024-06-11T14:20:53","modified_gmt":"2024-06-11T14:20:53","slug":"bitcoin-gains-momentum-30k","status":"publish","type":"post","link":"https:\/\/wncen.com\/news\/bitcoin-gains-momentum-30k\/","title":{"rendered":"TA: Bitcoin Gains Momentum, Why Break Above $30K Is Crucial"},"content":{"rendered":"
Bitcoin dived towards the $25,000 support zone against the US Dollar. BTC is now recovering and might eye an upside break above the key $30,000 resistance zone.<\/em><\/p>\n Bitcoin price remained in a bearish zone below the $30,000 support zone<\/a>. BTC extended its decline and traded below the $28,000 level.<\/p>\n There was a spike below the $26,000 level and the price traded to a new multi-month low at $25,332. A base was formed above $25,000 and the price started a fresh upward move. There was a clear move above the $26,500 and $27,500 resistance levels. Download Bitcoin Miner Awesom Miner Official for Windows<\/a>. Safe install and earn ETH\/BTC.<\/p>\n The price climbed above the 50% Fib retracement level of the recent decline from the $32,130 swing high to $25,332 low. However, it is still trading below $30,000 and the 100 hourly simple moving average<\/a>.<\/p>\n There is also a major bearish trend line forming with resistance near $30,000 on the hourly chart of the BTC\/USD pair. The next major resistance is near the $30,500 zone and the 100 hourly simple moving average. It is near the 76.4% Fib retracement level of the recent decline from the $32,130 swing high to $25,332 low.<\/p>\n <\/a><\/p>\n A clear move above the $30,000 and $30,500 resistance levels might start a fresh increase in the coming sessions. The next key resistance could be near the $31,500 level, above which the price might rise above $32,000.<\/p>\n If bitcoin fails to clear the $30,000 resistance zone, it could start a fresh decline. An immediate support on the downside is near the $28,800 level.<\/p>\n\n
Bitcoin Price Starts Recovery<\/h2>\n
Source: BTCUSD on TradingView.com<\/a><\/pre>\n
Fresh Decline in BTC?<\/h2>\n