BTCUSD on TradingView.com<\/a><\/p>\nOn the upside, an immediate resistance is near the $17,280 level. The next major resistance is near the $17,400 zone, above which the price might even clear the $17,500 resistance. In the stated case, the price may perhaps rise towards the $18,000 level. Any more gains might send btc price towards the $18,500 level.<\/p>\n
Dips Supported in BTC?<\/h2>\n If bitcoin price fails to clear the $17,300 resistance, it could extend its downside correction. An immediate support on the downside is near the $17,150 level.<\/p>\n
The next major support is near the $17,080 level. It is near the 61.8% Fib retracement level of the upward wave from the $16,911 swing low to $17,391 high. The main support is now forming near the $17,000 zone and the trend line region, below which the price might retest $16,500.<\/p>\n
Technical indicators:<\/p>\n
Hourly MACD \u2013 The MACD is now losing 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 $17,150, followed by $17,000.<\/p>\n
Major Resistance Levels \u2013 $17,300, $17,400 and $18,000.<\/p>\n","protected":false},"excerpt":{"rendered":"
Bitcoin price extended its rise and traded towards $17,400. BTC is correcting gains, but it remains well supported near the $17,000 zone. Bitcoin extended its increase above the $17,000 and $17,200 resistance levels. The price is trading above $17,000 and the 100 hourly simple moving average. There is a key bullish trend line forming with support near $16,880 on the hourly chart of the BTC\/USD pair (data feed from Kraken). The pair could rise further if it stays above the $17,000 support and the trend line. Bitcoin Price Extends Increase Bitcoin price remained in a positive zone above the $16,800 level. BTC extended its increase after there was a clear close above the $17,000 level and the 100 hourly simple moving average. The price gained pace and traded above the $17,250 level. It traded to a new yearly high at $17,391 before the bears appeared. There was a minor downside correction below the $17,250 level. It is now trading near the 50% Fib retracement level of the upward wave from the $16,911 swing low to $17,391 high. Bitcoin price is now trading above $17,000 and the 100 hourly simple moving average. There is also a key bullish trend line forming with support near $16,880 on the hourly chart of the BTC\/USD pair. Source: BTCUSD on TradingView.com On the upside, an immediate resistance is near the $17,280 level. The next major resistance is near the $17,400 zone, above which the price might even clear the $17,500 resistance. In the stated case, the price may perhaps rise towards the $18,000 level. Any more gains might send btc price towards the $18,500 level. Dips Supported in BTC? If bitcoin price fails to clear the $17,300 resistance, it could extend its downside correction. An immediate support on the downside is near the $17,150 level. The next major support is near the $17,080 level. It is near the 61.8% Fib retracement level of the upward wave from the $16,911 swing low to $17,391 high. The main support is now forming near the $17,000 zone and the trend line region, below which the price might retest $16,500. Technical indicators: Hourly MACD \u2013 The MACD is now losing 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 $17,150, followed by $17,000. Major Resistance Levels \u2013 $17,300, $17,400 and $18,000.<\/p>\n","protected":false},"author":67,"featured_media":462274,"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-515466","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 Struggles Above $17K, Why BTC Is Still In Bullish Zone<\/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