{"id":538869,"date":"2023-06-21T02:40:08","date_gmt":"2023-06-21T02:40:08","guid":{"rendered":"https:\/\/wncen.com\/?p=538869"},"modified":"2024-06-11T14:37:49","modified_gmt":"2024-06-11T14:37:49","slug":"bitcoin-price-eye-30k","status":"publish","type":"post","link":"https:\/\/wncen.com\/news\/bitcoin-price-eye-30k\/","title":{"rendered":"Bitcoin Price Surges 8% And Defies Gravity \u2013 Bulls Eye $30K"},"content":{"rendered":"<p><em>Bitcoin price is surging above $28,000. BTC is up nearly 8% and there are chances of a move toward the $30,000 resistance zone.<\/em><\/p>\n<ul>\n<li>Bitcoin is gaining pace above the $27,000 resistance.<\/li>\n<li>The price is trading above $27,500 and the 100 hourly Simple moving average.<\/li>\n<li>There is a major bullish trend line forming with support near $27,300 on the hourly chart of the BTC\/USD pair (data feed from Kraken).<\/li>\n<li>The pair could rise further if it clears the $29,000 and $29,200 resistance levels.<\/li>\n<\/ul>\n<h2>Bitcoin Price Rallies Above $28K<\/h2>\n<p>Bitcoin price formed a <a href=\"https:\/\/wncen.com\/analysis\/btc\/bitcoin-price-extends-recovery-27k\/?swcfpc=1\" target=\"_blank\" rel=\"noopener \">strong support base<\/a> above the $26,000 pivot level. BTC started a fresh rally and was able to clear the $27,500 resistance zone.<\/p>\n<p>It opened the doors for a sustained upward move above the $28,000 level. The price even tested the $29,000 resistance zone. A high is formed near $29,000 and the price is now consolidating gains. It is trading above the 23.6% Fib retracement level of the recent surge from the $26,650 swing low to the $29,000 high.<\/p>\n<p>Bitcoin price is now trading above $27,500 and the <a href=\"https:\/\/wncen.com\/analysis\/btc\/bitcoin-price-steadies-above-26k\/?swcfpc=1\" target=\"_blank\" rel=\"noopener \">100 hourly Simple moving average<\/a>. There is also a major bullish trend line forming with support near $27,300 on the hourly chart of the BTC\/USD pair.<\/p>\n<p><img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" class=\"alignnone size-full wp-image-538870\" src=\"https:\/\/wncen.com\/wp-content\/uploads\/2023\/06\/Bitcoin-14.png?resize=1835%2C845\" alt=\"Bitcoin Price\" width=\"1835\" height=\"845\" srcset=\"https:\/\/wncen.com\/wp-content\/uploads\/2023\/06\/Bitcoin-14.png?w=1835 1835w, https:\/\/wncen.com\/wp-content\/uploads\/2023\/06\/Bitcoin-14.png?w=460 460w, https:\/\/wncen.com\/wp-content\/uploads\/2023\/06\/Bitcoin-14.png?w=768 768w, https:\/\/wncen.com\/wp-content\/uploads\/2023\/06\/Bitcoin-14.png?w=860 860w, https:\/\/wncen.com\/wp-content\/uploads\/2023\/06\/Bitcoin-14.png?w=1536 1536w, https:\/\/wncen.com\/wp-content\/uploads\/2023\/06\/Bitcoin-14.png?w=750 750w, https:\/\/wncen.com\/wp-content\/uploads\/2023\/06\/Bitcoin-14.png?w=1140 1140w\" sizes=\"auto, (max-width: 1000px) 100vw, 1000px\"><\/p>\n<p>Source: <a href=\"https:\/\/www.tradingview.com\/symbols\/BTCUSD\/\" target=\"_blank\" rel=\"noopener nofollow\">BTCUSD on TradingView.com<\/a><\/p>\n<p>On the upside, the price is facing resistance near the $29,000 level. The next major resistance is near the $29,200 level. A close above the $29,200 resistance might spark another strong move in the near term. The next major resistance is near the $30,000 level, above which the bulls might send BTC toward the $30,800 resistance zone.<\/p>\n<h2>Are Dips Limited in BTC?<\/h2>\n<p>If Bitcoin\u2019s price fails to clear the $29,000 resistance, it could start a downside correction. Immediate support on the downside is near the $28,450 level.<\/p>\n<p>The next major support is near the $27,850 level or the 50% Fib retracement level of the recent surge from the $26,650 swing low to the $29,000 high. The main support is now near $27,500 and the trend line zone, below which the price might start a steady decline toward $27,000. Any more losses might send the price toward $26,500 in the near term.<\/p>\n<p>Technical indicators:<\/p>\n<p>Hourly MACD \u2013 The MACD is now gaining pace in the bullish zone.<\/p>\n<p>Hourly RSI (Relative Strength Index) \u2013 The RSI for BTC\/USD is in the overbought zone.<\/p>\n<p>Major Support Levels \u2013 $28,450, followed by $27,850.<\/p>\n<p>Major Resistance Levels \u2013 $29,000, $29,200, and $30,000.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Bitcoin price is surging above $28,000. BTC is up nearly 8% and there are chances of a move toward the $30,000 resistance zone. Bitcoin is gaining pace above the $27,000 resistance. The price is trading above $27,500 and the 100 hourly Simple moving average. There is a major bullish trend line forming with support near $27,300 on the hourly chart of the BTC\/USD pair (data feed from Kraken). The pair could rise further if it clears the $29,000 and $29,200 resistance levels. Bitcoin Price Rallies Above $28K Bitcoin price formed a strong support base above the $26,000 pivot level. BTC started a fresh rally and was able to clear the $27,500 resistance zone. It opened the doors for a sustained upward move above the $28,000 level. The price even tested the $29,000 resistance zone. A high is formed near $29,000 and the price is now consolidating gains. It is trading above the 23.6% Fib retracement level of the recent surge from the $26,650 swing low to the $29,000 high. Bitcoin price is now trading above $27,500 and the 100 hourly Simple moving average. There is also a major bullish trend line forming with support near $27,300 on the hourly chart of the BTC\/USD pair. Source: BTCUSD on TradingView.com On the upside, the price is facing resistance near the $29,000 level. The next major resistance is near the $29,200 level. A close above the $29,200 resistance might spark another strong move in the near term. The next major resistance is near the $30,000 level, above which the bulls might send BTC toward the $30,800 resistance zone. Are Dips Limited in BTC? If Bitcoin\u2019s price fails to clear the $29,000 resistance, it could start a downside correction. Immediate support on the downside is near the $28,450 level. The next major support is near the $27,850 level or the 50% Fib retracement level of the recent surge from the $26,650 swing low to the $29,000 high. The main support is now near $27,500 and the trend line zone, below which the price might start a steady decline toward $27,000. Any more losses might send the price toward $26,500 in the near term. Technical indicators: Hourly MACD \u2013 The MACD is now gaining pace in the bullish zone. Hourly RSI (Relative Strength Index) \u2013 The RSI for BTC\/USD is in the overbought zone. Major Support Levels \u2013 $28,450, followed by $27,850. Major Resistance Levels \u2013 $29,000, $29,200, and $30,000.<\/p>\n","protected":false},"author":67,"featured_media":461237,"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-538869","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<title>Bitcoin Price Surges 8% And Defies Gravity \u2013 Bulls Eye $30K<\/title>\n<meta name=\"description\" content=\"Bitcoin price is surging above $28,000. 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Renowned for his unparalleled proficiency in providing technical analysis, Aayush is a trusted advisor and senior market expert to investors worldwide, guiding them through the intricate landscapes of modern finance with his keen insights and astute chart analysis. From a young age, Aayush exhibited a natural aptitude for deciphering complex systems and unraveling patterns. Fueled by an insatiable curiosity for understanding market dynamics, he embarked on a journey that would lead him to become one of the foremost authorities in the fields of Forex and crypto trading. With a meticulous eye for detail and an unwavering commitment to excellence, Aayush honed his craft over the years, mastering the art of technical analysis and chart interpretation. As a software engineer, Aayush harnesses the power of technology to optimize trading strategies and develop innovative solutions for navigating the volatile waters of financial markets. 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 Price Surges 8% And Defies Gravity \u2013 Bulls Eye $30K","url":"http:\/\/wncen.com\/news\/bitcoin-price-eye-30k\/","mainEntityOfPage":{"@type":"WebPage","@id":"http:\/\/wncen.com\/news\/bitcoin-price-eye-30k\/"},"thumbnailUrl":"https:\/\/wncen.com\/wp-content\/uploads\/2021\/04\/shutterstock_794402125.jpg?resize=200%2C200","image":{"@type":"ImageObject","url":"https:\/\/wncen.com\/wp-content\/uploads\/2021\/04\/shutterstock_794402125.jpg?fit=1000%2C667"},"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","bitcoin price","btcusd","btcusdt","xbtusd"],"dateCreated":"2023-06-21T02:40:08Z","datePublished":"2023-06-21T02:40:08Z","dateModified":"2024-06-11T14:37:49Z"},"rendered":"<script type=\"application\/ld+json\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@type\":\"NewsArticle\",\"headline\":\"Bitcoin Price Surges 8% And Defies Gravity \\u2013 Bulls Eye $30K\",\"url\":\"http:\\\/\\\/wncen.com\\\/news\\\/bitcoin-price-eye-30k\\\/\",\"mainEntityOfPage\":{\"@type\":\"WebPage\",\"@id\":\"http:\\\/\\\/wncen.com\\\/news\\\/bitcoin-price-eye-30k\\\/\"},\"thumbnailUrl\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2021\\\/04\\\/shutterstock_794402125.jpg?resize=200%2C200\",\"image\":{\"@type\":\"ImageObject\",\"url\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2021\\\/04\\\/shutterstock_794402125.jpg?fit=1000%2C667\"},\"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\",\"bitcoin price\",\"btcusd\",\"btcusdt\",\"xbtusd\"],\"dateCreated\":\"2023-06-21T02:40:08Z\",\"datePublished\":\"2023-06-21T02:40:08Z\",\"dateModified\":\"2024-06-11T14:37:49Z\"}<\/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\/2021\/04\/shutterstock_794402125.jpg?fit=1000%2C667","amp_enabled":true,"_links":{"self":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts\/538869","targetHints":{"allow":["GET"]}}],"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=538869"}],"version-history":[{"count":0,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts\/538869\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/media\/461237"}],"wp:attachment":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/media?parent=538869"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/categories?post=538869"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/tags?post=538869"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}