{"id":491278,"date":"2022-05-25T03:08:31","date_gmt":"2022-05-25T03:08:31","guid":{"rendered":"https:\/\/wncen.com\/?p=491278"},"modified":"2024-06-11T10:23:41","modified_gmt":"2024-06-11T10:23:41","slug":"bitcoin-price-moves-higher-30k","status":"publish","type":"post","link":"https:\/\/wncen.com\/news\/bitcoin-price-moves-higher-30k\/","title":{"rendered":"TA: Bitcoin Price Moves Higher In Range, $30.6K Still Presents Resistance"},"content":{"rendered":"
Bitcoin remained strong above the $28,500 support against the US Dollar. BTC is rising, but it must clear $28,500 to move into a positive zone.<\/em><\/p>\n Bitcoin price extended decline below the $29,500 support zone. However, the bulls were active near the main $28,500 support zone<\/a>.<\/p>\n A fresh base was formed near $28,600 and the price started a fresh increase. There was a clear move above the $29,200 and $29,500 resistance levels. The price surpassed the 50% Fib retracement level of the downward move from the $30,630 swing high to $28,635 low. Download Bitcoin Miner Awesom Miner Official for Windows<\/a>. Safe install and earn ETH\/BTC.<\/p>\n Besides, there was break above a major bearish trend line with resistance near $29,800 on the hourly chart of the BTC\/USD pair. Bitcoin price is now trading above the $29,500 level and the 100 hourly simple moving average<\/a>.<\/p>\n <\/a><\/p>\n An immediate resistance on the upside is near the $30,160 level. It is near the 76.4% Fib retracement level of the downward move from the $30,630 swing high to $28,635 low. The next major resistance is near the $30,600 level. A clear move above the $30,600 resistance level might start a steady increase. In the stated case, the price may perhaps clear the $31,200 resistance zone.<\/p>\n If bitcoin fails to clear the $30,600 resistance zone, it could start another decline. An immediate support on the downside is near the $29,600 level.<\/p>\n\n
Bitcoin Price Forms Triple Bottom<\/h2>\n
Source: BTCUSD on TradingView.com<\/a><\/pre>\n
Fresh Decline in BTC?<\/h2>\n