{"id":491383,"date":"2022-05-26T03:08:56","date_gmt":"2022-05-26T03:08:56","guid":{"rendered":"https:\/\/wncen.com\/?p=491383"},"modified":"2024-06-11T09:48:01","modified_gmt":"2024-06-11T09:48:01","slug":"bitcoin-price-range-30k","status":"publish","type":"post","link":"https:\/\/wncen.com\/news\/bitcoin-price-range-30k\/","title":{"rendered":"TA: Bitcoin Price Remains In Range, Why The Bulls Need To Take Control"},"content":{"rendered":"
Bitcoin retested the key $28,500 support zone against the US Dollar. BTC is rising and the bulls might aim a clear move above the $30,600 resistance.<\/em><\/p>\n Bitcoin price remained well bid above the $28,500 support zone<\/a>. There was a fresh increase initiated from the $28,635 swing low and the price climbed above $29,000.<\/p>\n There was a break above the $29,500 resistance zone and the 100 hourly simple moving average. The price even climbed above the $30,000 level, but there was no upside continuation. A high was formed near $30,188 and the price is now consolidating gains. Download Bitcoin Miner Awesom Miner Official for Windows<\/a>. Safe install and earn ETH\/BTC.<\/p>\n Bitcoin is trading near the $29,800 level and the 100 hourly simple moving average<\/a>. There was already a test of the 50% Fib retracement level of the upward move from the $28,635 swing low to $30,188 high.<\/p>\n An immediate resistance on the upside is near the $29,950 level. There is also a crucial bearish trend line forming with resistance near $29,950 on the hourly chart of the BTC\/USD pair. The next major resistance is near the $30,180 level.<\/p>\n <\/a><\/p>\n The main resistance is still near the $30,600 zone. A clear move above the $30,600 resistance level might start a strong increase. In the stated case, the price may perhaps clear the $31,200 resistance zone.<\/p>\n If bitcoin fails to clear the $30,180 resistance zone, it could start another decline. An immediate support on the downside is near the $29,400 level.<\/p>\n\n
Bitcoin Price Remains Supported<\/h2>\n
Source: BTCUSD on TradingView.com<\/a><\/pre>\n
Fresh Decline in BTC?<\/h2>\n