{"id":564052,"date":"2023-12-06T03:02:24","date_gmt":"2023-12-06T03:02:24","guid":{"rendered":"https:\/\/shenyangcang.com\/?p=564052"},"modified":"2024-06-11T08:01:14","modified_gmt":"2024-06-11T08:01:14","slug":"bitcoin-price-surges-45k","status":"publish","type":"post","link":"https:\/\/shenyangcang.com\/news\/bitcoin-price-surges-45k\/","title":{"rendered":"Bitcoin Price Surges Over 15% In Few Days, $45K Seems Imminent"},"content":{"rendered":"<p><em>Bitcoin price extended its rally above the $43,200 resistance. BTC is now consolidating gains and might rally further toward the $45,000 zone.<\/em><\/p>\n<ul>\n<li>Bitcoin surged further above the $42,200 and $43,200 levels.<\/li>\n<li>The price is trading above $43,200 and the 100 hourly Simple moving average.<\/li>\n<li>There are two bullish trend lines forming with support near $43,200 and $41,800 on the hourly chart of the BTC\/USD pair (data feed from Kraken).<\/li>\n<li>The pair could correct lower toward $43,200 before it starts a fresh increase.<\/li>\n<\/ul>\n<h2>Bitcoin Price Extends Rally<\/h2>\n<p>Bitcoin price remained in a steady uptrend above the <a href=\"https:\/\/shenyangcang.com\/analysis\/btc\/bitcoin-price-extends-rally-42k\/\" target=\"_blank\" rel=\"noopener \">$40,000 resistance zone<\/a>. BTC gained over 15% in the past few days and even surged above the $42,000 zone.<\/p>\n<p>The upward move gained pace above the $43,200 resistance zone. \u00a0A new multi-month high is formed near $44,465 and the price is now correcting gains. There was a move below the $44,000 level. The price is still above the 23.6% Fib retracement level of the upward move from the $39,476 swing low to the $44,465 high.<\/p>\n<p>Bitcoin also trades above $43,200 and the <a href=\"https:\/\/shenyangcang.com\/analysis\/btc\/bitcoin-price-surges-over-40k\/\" target=\"_blank\" rel=\"noopener \">100 hourly Simple moving average<\/a>. Besides, there are two bullish trend lines forming with support near $43,200 and $41,800 on the hourly chart of the BTC\/USD pair. The second trend line is close to the 50% Fib retracement level of the upward move from the $39,476 swing low to the $44,465 high.<\/p>\n<p>On the upside, immediate resistance is near the $44,200 level. The first major resistance is forming near $44,450, above which the price might rise toward the $45,000 level.<\/p>\n<p><a href=\"https:\/\/shenyangcang.com\/wp-content\/uploads\/2023\/12\/Bitcoin-3.png\"><img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" class=\"alignnone size-full wp-image-564053\" src=\"https:\/\/shenyangcang.com\/wp-content\/uploads\/2023\/12\/Bitcoin-3.png?resize=1024%2C468\" alt=\"Bitcoin Price\" width=\"1024\" height=\"468\" srcset=\"https:\/\/shenyangcang.com\/wp-content\/uploads\/2023\/12\/Bitcoin-3.png?w=1835 1835w, https:\/\/shenyangcang.com\/wp-content\/uploads\/2023\/12\/Bitcoin-3.png?w=460 460w, https:\/\/shenyangcang.com\/wp-content\/uploads\/2023\/12\/Bitcoin-3.png?w=768 768w, https:\/\/shenyangcang.com\/wp-content\/uploads\/2023\/12\/Bitcoin-3.png?w=860 860w, https:\/\/shenyangcang.com\/wp-content\/uploads\/2023\/12\/Bitcoin-3.png?w=1536 1536w, https:\/\/shenyangcang.com\/wp-content\/uploads\/2023\/12\/Bitcoin-3.png?w=750 750w, https:\/\/shenyangcang.com\/wp-content\/uploads\/2023\/12\/Bitcoin-3.png?w=1140 1140w\" sizes=\"(max-width: 1000px) 100vw, 1000px\"><\/a><\/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>A close above the $45,000 resistance might send the price further higher. The next key resistance could be near $46,400, above which BTC could rise toward the $48,000 level.<\/p>\n<h2>Are Dips Supported In BTC?<\/h2>\n<p>If Bitcoin fails to rise above the $44,500 resistance zone, it could start a downside correction. Immediate support on the downside is near the $43,250 level.<\/p>\n<p>The next major support is near $42,800, below which the price might test the second trend line. If there is a move below $42,000, there is a risk of more downsides. In the stated case, the price could drop toward the $40,500 support 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 now above the 50 level.<\/p>\n<p>Major Support Levels \u2013 $43,200, followed by $42,000.<\/p>\n<p>Major Resistance Levels \u2013 $44,200, $44,450, and $45,000.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Bitcoin price extended its rally above the $43,200 resistance. BTC is now consolidating gains and might rally further toward the $45,000 zone. Bitcoin surged further above the $42,200 and $43,200 levels. The price is trading above $43,200 and the 100 hourly Simple moving average. There are two bullish trend lines forming with support near $43,200 and $41,800 on the hourly chart of the BTC\/USD pair (data feed from Kraken). The pair could correct lower toward $43,200 before it starts a fresh increase. Bitcoin Price Extends Rally Bitcoin price remained in a steady uptrend above the $40,000 resistance zone. BTC gained over 15% in the past few days and even surged above the $42,000 zone. The upward move gained pace above the $43,200 resistance zone. \u00a0A new multi-month high is formed near $44,465 and the price is now correcting gains. There was a move below the $44,000 level. The price is still above the 23.6% Fib retracement level of the upward move from the $39,476 swing low to the $44,465 high. Bitcoin also trades above $43,200 and the 100 hourly Simple moving average. Besides, there are two bullish trend lines forming with support near $43,200 and $41,800 on the hourly chart of the BTC\/USD pair. The second trend line is close to the 50% Fib retracement level of the upward move from the $39,476 swing low to the $44,465 high. On the upside, immediate resistance is near the $44,200 level. The first major resistance is forming near $44,450, above which the price might rise toward the $45,000 level. Source: BTCUSD on TradingView.com A close above the $45,000 resistance might send the price further higher. The next key resistance could be near $46,400, above which BTC could rise toward the $48,000 level. Are Dips Supported In BTC? If Bitcoin fails to rise above the $44,500 resistance zone, it could start a downside correction. Immediate support on the downside is near the $43,250 level. The next major support is near $42,800, below which the price might test the second trend line. If there is a move below $42,000, there is a risk of more downsides. In the stated case, the price could drop toward the $40,500 support 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 now above the 50 level. Major Support Levels \u2013 $43,200, followed by $42,000. Major Resistance Levels \u2013 $44,200, $44,450, and $45,000.<\/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-564052","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 Over 15% In Few Days, $45K Seems Imminent<\/title>\n<meta name=\"description\" content=\"Bitcoin price extended its rally above the $43,200 resistance. 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