{"id":13842,"date":"2022-12-05T03:32:22","date_gmt":"2022-12-05T03:32:22","guid":{"rendered":"https:\/\/coingrafter.com\/index.php\/2022\/12\/05\/bitcoin-price-key-trend-is-forming-and-btc-could-soon-surge-to-18k\/"},"modified":"2022-12-05T03:32:22","modified_gmt":"2022-12-05T03:32:22","slug":"bitcoin-price-key-trend-is-forming-and-btc-could-soon-surge-to-18k","status":"publish","type":"post","link":"https:\/\/coingrafter.com\/index.php\/2022\/12\/05\/bitcoin-price-key-trend-is-forming-and-btc-could-soon-surge-to-18k\/","title":{"rendered":"Bitcoin Price Key Trend is Forming And BTC Could Soon Surge to $18K"},"content":{"rendered":"<p> [ad_1]<br \/>\n<\/p>\n<div>\n<p><em>Bitcoin worth gained tempo for a contemporary transfer above $17,000. BTC is rising and would possibly climb increased in the direction of the $18,000 resistance zone.<\/em><\/p>\n<ul>\n<li>Bitcoin began a contemporary enhance above $17,000 and $17,200 resistance ranges.<\/li>\n<li>The worth is buying and selling above $16,800 and the 100 hourly easy shifting common.<\/li>\n<li>There was a break above a significant bearish pattern line with resistance close to $17,000 on the hourly chart of the BTC\/USD pair (information feed from Kraken).<\/li>\n<li>The pair appears to be eyeing a transfer in the direction of the $17,650 resistance and even $18,000.<\/li>\n<\/ul>\n<h2>Bitcoin Price Restarts Increase<\/h2>\n<p>Bitcoin worth discovered assist close to the $16,800 zone after a <a href=\"https:\/\/newsbtc.com\/analysis\/btc\/bitcoin-price-correction-16-5k\/\" target=\"_blank\" rel=\"noopener\">downside correction<\/a>. BTC remained nicely bid and began a contemporary enhance above the $17,000 resistance zone.<\/p>\n<p>It even broke the $17,150 degree and settled above the 100 hourly easy shifting common. The worth gained tempo above the 76.4% Fib retracement degree of the downward transfer from the $17,315 swing excessive to $16,784 swing low. Besides, there was a break above a significant bearish pattern line with resistance close to $17,000 on the hourly chart of the BTC\/USD pair.<\/p>\n<p>Bitcoin worth is now buying and selling above $16,800 and the <a href=\"https:\/\/newsbtc.com\/analysis\/btc\/bitcoin-price-clears-17k\/\" target=\"_blank\" rel=\"noopener\">100 hourly simple moving average<\/a>. It is buying and selling close to the $17,250 degree. On the upside, a direct resistance is close to the $17,350 degree.<\/p>\n<p>The first main resistance is close to the $17,450 zone, above which the worth could maybe begin one other regular enhance. In the said case, the worth may rise in the direction of the $17,650 resistance. It is close to the 1.618 Fib extension degree of the downward transfer from the $17,315 swing excessive to $16,784 swing low.<\/p>\n<p><a href=\"https:\/\/newsbtc.com\/wp-content\/uploads\/2022\/12\/Bitcoin-2.png\"><img decoding=\"async\" loading=\"lazy\" class=\"alignnone size-full wp-image-511092\" src=\"https:\/\/newsbtc.com\/wp-content\/uploads\/2022\/12\/Bitcoin-2.png\" alt=\"Bitcoin Price\" width=\"1834\" height=\"845\" srcset=\"https:\/\/newsbtc.com\/wp-content\/uploads\/2022\/12\/Bitcoin-2.png 1834w, https:\/\/newsbtc.com\/wp-content\/uploads\/2022\/12\/Bitcoin-2-460x212.png 460w, https:\/\/newsbtc.com\/wp-content\/uploads\/2022\/12\/Bitcoin-2-860x396.png 860w, https:\/\/newsbtc.com\/wp-content\/uploads\/2022\/12\/Bitcoin-2-768x354.png 768w, https:\/\/newsbtc.com\/wp-content\/uploads\/2022\/12\/Bitcoin-2-1536x708.png 1536w, https:\/\/newsbtc.com\/wp-content\/uploads\/2022\/12\/Bitcoin-2-750x346.png 750w, https:\/\/newsbtc.com\/wp-content\/uploads\/2022\/12\/Bitcoin-2-1140x525.png 1140w\" sizes=\"auto, (max-width: 1834px) 100vw, 1834px\"\/><\/a><\/p>\n<p>Source: <a href=\"https:\/\/www.tradingview.com\/symbols\/BTCUSD\/\" target=\"_blank\" rel=\"noopener\">BTCUSD on TradingView.com<\/a><\/p>\n<p>The subsequent main resistance is close to $18,000, above which the worth may try a transfer in the direction of the $18,500 zone within the close to time period.<\/p>\n<h2>Dips Limited in BTC?<\/h2>\n<p>If bitcoin fails to begin a contemporary enhance above the $17,350 resistance, there could possibly be extra downsides. An quick assist on the draw back is close to the $17,150 degree.<\/p>\n<p>The subsequent main assist is close to the $17,000 zone and the 100 hourly easy shifting common. A draw back break beneath the $17,000 assist would possibly name for a transfer in the direction of $16,750. Any extra losses would possibly name for a take a look at of the important thing $16,500 assist zone within the close to time period.<\/p>\n<p>Technical indicators:<\/p>\n<p>Hourly MACD \u2013 The MACD is now gaining tempo within the bullish zone.<\/p>\n<p>Hourly RSI (Relative Strength Index) \u2013 The RSI for BTC\/USD is now within the overbought zone.<\/p>\n<p>Major Support Levels \u2013 $17,150, adopted by $17,000.<\/p>\n<p>Major Resistance Levels \u2013 $17,350, $17,450 and $18,000.<\/p>\n<\/div>\n<p>[ad_2]<br \/>\n<br \/><a href=\"https:\/\/newsbtc.com\/analysis\/btc\/bitcoin-price-key-trend-18k\/\">Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>[ad_1] Bitcoin worth gained tempo for a contemporary transfer above $17,000. BTC is rising and would possibly climb increased in the direction of the $18,000 resistance zone. Bitcoin began a contemporary enhance above $17,000 and $17,200 resistance ranges. The worth is buying and selling above $16,800 and the 100 hourly easy shifting common. There was 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