BTCUSD on TradingView.com<\/a><\/p>\nA close above the $45,000 resistance might send the price further higher. The next key resistance could be near $46,200, above which BTC could rise toward the $47,500 level.<\/p>\n
Short-term Dips In BTC?<\/h2>\n If Bitcoin fails to rise above the $44,250 resistance zone, it could start a downside correction. Immediate support on the downside is near the $43,900 level and the trend line.<\/p>\n
The next major support is near $42,550, 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 $41,200 support in the near term.<\/p>\n
Technical indicators:<\/p>\n
Hourly MACD \u2013 The MACD is now gaining 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 $43,900, followed by $42,000.<\/p>\n
Major Resistance Levels \u2013 $44,250, $44,450, and $45,000.<\/p>\n","protected":false},"excerpt":{"rendered":"
Bitcoin price started a strong increase above the $42,000 zone. BTC is now consolidating gains and might rally further toward the $45,000 zone. Bitcoin gained pace above the $42,200 and $43,200 levels. The price is trading above $43,000 and the 100 hourly Simple moving average. There are two bullish trend lines forming with support near $43,900 and $42,000 on the hourly chart of the BTC\/USD pair (data feed from Kraken). The pair is likely setting up for a fresh increase above the $44,000 level. Bitcoin Price Remains Supported Bitcoin price started a major increase above the $42,000 resistance zone. BTC surged and even broke the $43,200 resistance zone. A new multi-month high was formed near $44,465 before the price started a minor downside correction. There was a move below the $44,000 level. The price tested the 23.6% Fib retracement level of the upward move from the $39,475 swing low to the $44,465 high. However, the bulls remained active above the $43,200 support zone. Bitcoin also trades above $43,500 and the 100 hourly Simple moving average. Besides, there are two bullish trend lines forming with support near $43,900 and $42,000 on the hourly chart of the BTC\/USD pair. The second trend line is close to the 61.8% Fib retracement level of the upward move from the $39,475 swing low to the $44,465 high. On the upside, immediate resistance is near the $44,250 level. The first major resistance is forming near $44,450, above which the price might rally 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 $46,200, above which BTC could rise toward the $47,500 level. Short-term Dips In BTC? If Bitcoin fails to rise above the $44,250 resistance zone, it could start a downside correction. Immediate support on the downside is near the $43,900 level and the trend line. The next major support is near $42,550, 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 $41,200 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 $43,900, followed by $42,000. Major Resistance Levels \u2013 $44,250, $44,450, and $45,000.<\/p>\n","protected":false},"author":67,"featured_media":506223,"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-564294","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 Consolidates Rally and Primed To Surge Toward $45K<\/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