{"id":15765,"date":"2023-01-06T02:17:31","date_gmt":"2023-01-06T02:17:31","guid":{"rendered":"https:\/\/coingrafter.com\/index.php\/2023\/01\/06\/bitcoin-price-remains-in-bullish-zone-for-a-push-to-18k-heres-why\/"},"modified":"2023-01-06T02:17:31","modified_gmt":"2023-01-06T02:17:31","slug":"bitcoin-price-remains-in-bullish-zone-for-a-push-to-18k-heres-why","status":"publish","type":"post","link":"https:\/\/coingrafter.com\/index.php\/2023\/01\/06\/bitcoin-price-remains-in-bullish-zone-for-a-push-to-18k-heres-why\/","title":{"rendered":"Bitcoin Price Remains In Bullish Zone For A Push To $18K, Here\u2019s Why"},"content":{"rendered":"<p> [ad_1]<br \/>\n<\/p>\n<div>\n<p><em>Bitcoin value began a draw back correction from the $17,000 resistance. BTC discovered assist close to $16,750 and may quickly try an upside break above $17,000.<\/em><\/p>\n<ul>\n<li>Bitcoin is displaying bullish indicators above the $16,600 and $16,750 ranges.<\/li>\n<li>The value is buying and selling above $16,750 and the 100 hourly easy shifting common.<\/li>\n<li>There is a vital bullish pattern line forming with assist close to $16,750 on the hourly chart of the BTC\/USD pair (information feed from Kraken).<\/li>\n<li>The pair may begin a robust enhance if there&#8217;s a shut above the $17,000 resistance.<\/li>\n<\/ul>\n<h2>Bitcoin Price Remains Supported<\/h2>\n<p>Bitcoin value tried a <a href=\"https:\/\/newsbtc.com\/analysis\/btc\/bitcoin-price-jumps-to-17k\/\" target=\"_blank\" rel=\"noopener\">decent upward move<\/a> above the $16,800 resistance stage. BTC even spiked in the direction of the $17,000 resistance zone, however there was no clear upside break.<\/p>\n<p>A excessive was shaped close to $16,987 and the worth began a draw back correction. There was a transfer beneath the $16,800 assist zone. The value declined beneath the 50% Fib retracement stage of the upward transfer from the $16,615 swing low to $16,987 excessive.<\/p>\n<p>However, bitcoin value discovered assist close to the $16,750 stage. The 61.8% Fib retracement stage of the upward transfer from the $16,615 swing low to $16,987 excessive is performing as a assist.<\/p>\n<p>There can also be an important bullish pattern line forming with assist close to $16,750 on the hourly chart of the BTC\/USD pair. The pair is steady above $16,750 and the <a href=\"https:\/\/newsbtc.com\/analysis\/btc\/bitcoin-price-upside-break-17k\/\" target=\"_blank\" rel=\"noopener\">100 hourly simple moving average<\/a>. On the upside, a right away resistance is close to the $16,900 stage.<\/p>\n<p><a href=\"https:\/\/newsbtc.com\/wp-content\/uploads\/2023\/01\/Bitcoin-5.png\"><img decoding=\"async\" loading=\"lazy\" class=\"alignnone size-full wp-image-514999\" src=\"https:\/\/newsbtc.com\/wp-content\/uploads\/2023\/01\/Bitcoin-5.png\" alt=\"Bitcoin Price\" width=\"1950\" height=\"1109\" srcset=\"https:\/\/newsbtc.com\/wp-content\/uploads\/2023\/01\/Bitcoin-5.png 1950w, https:\/\/newsbtc.com\/wp-content\/uploads\/2023\/01\/Bitcoin-5-460x262.png 460w, https:\/\/newsbtc.com\/wp-content\/uploads\/2023\/01\/Bitcoin-5-860x489.png 860w, https:\/\/newsbtc.com\/wp-content\/uploads\/2023\/01\/Bitcoin-5-768x437.png 768w, https:\/\/newsbtc.com\/wp-content\/uploads\/2023\/01\/Bitcoin-5-1536x874.png 1536w, https:\/\/newsbtc.com\/wp-content\/uploads\/2023\/01\/Bitcoin-5-750x427.png 750w, https:\/\/newsbtc.com\/wp-content\/uploads\/2023\/01\/Bitcoin-5-1140x648.png 1140w\" sizes=\"auto, (max-width: 1950px) 100vw, 1950px\"\/><\/a><\/p>\n<p>Source: <a href=\"https:\/\/www.tradingview.com\/symbols\/BTCUSD\/\" target=\"_blank\" rel=\"nofollow noopener\">BTCUSD on TradingView.com<\/a><\/p>\n<p>The subsequent main resistance is close to the $17,000 zone. A clear transfer and shut above the $17,000 resistance may begin a robust enhance within the close to time period. In the said case, the worth could maybe rise in the direction of the $17,550 stage. Any extra positive factors may name for a transfer in the direction of the $18,000 stage.<\/p>\n<h2>Dips Supported in BTC?<\/h2>\n<p>If bitcoin value fails to clear the $17,000 resistance, it may begin a draw back correction. An speedy assist on the draw back is close to the $16,800 stage.<\/p>\n<p>The subsequent main assist is close to the $16,750 stage and the pattern line. A draw back break beneath the $16,750 assist may ship the worth in the direction of the $16,500 stage. Any extra losses may name for a check of $16,350.<\/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 above the 50 stage.<\/p>\n<p>Major Support Levels \u2013 $16,750, adopted by $16,700.<\/p>\n<p>Major Resistance Levels \u2013 $16,900, $17,000 and $17,500.<\/p>\n<\/div>\n<p>[ad_2]<br \/>\n<br \/><a href=\"https:\/\/newsbtc.com\/analysis\/btc\/bitcoin-price-bullish-18k\/\">Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>[ad_1] Bitcoin value began a draw back correction from the $17,000 resistance. BTC discovered assist close to $16,750 and may quickly try an upside break above $17,000. Bitcoin is displaying bullish indicators above the $16,600 and $16,750 ranges. The value is buying and selling above $16,750 and the 100 hourly easy shifting common. There is [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":15767,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"ocean_post_layout":"","ocean_both_sidebars_style":"","ocean_both_sidebars_content_width":0,"ocean_both_sidebars_sidebars_width":0,"ocean_sidebar":"","ocean_second_sidebar":"","ocean_disable_margins":"enable","ocean_add_body_class":"","ocean_shortcode_before_top_bar":"","ocean_shortcode_after_top_bar":"","ocean_shortcode_before_header":"","ocean_shortcode_after_header":"","ocean_has_shortcode":"","ocean_shortcode_after_title":"","ocean_shortcode_before_footer_widgets":"","ocean_shortcode_after_footer_widgets":"","ocean_shortcode_before_footer_bottom":"","ocean_shortcode_after_footer_bottom":"","ocean_display_top_bar":"default","ocean_display_header":"default","ocean_header_style":"","ocean_center_header_left_menu":"","ocean_custom_header_template":"","ocean_custom_logo":0,"ocean_custom_retina_logo":0,"ocean_custom_logo_max_width":0,"ocean_custom_logo_tablet_max_width":0,"ocean_custom_logo_mobile_max_width":0,"ocean_custom_logo_max_height":0,"ocean_custom_logo_tablet_max_height":0,"ocean_custom_logo_mobile_max_height":0,"ocean_header_custom_menu":"","ocean_menu_typo_font_family":"","ocean_menu_typo_font_subset":"","ocean_menu_typo_font_size":0,"ocean_menu_typo_font_size_tablet":0,"ocean_menu_typo_font_size_mobile":0,"ocean_menu_typo_font_size_unit":"px","ocean_menu_typo_font_weight":"","ocean_menu_typo_font_weight_tablet":"","ocean_menu_typo_font_weight_mobile":"","ocean_menu_typo_transform":"","ocean_menu_typo_transform_tablet":"","ocean_menu_typo_transform_mobile":"","ocean_menu_typo_line_height":0,"ocean_menu_typo_line_height_tablet":0,"ocean_menu_typo_line_height_mobile":0,"ocean_menu_typo_line_height_unit":"","ocean_menu_typo_spacing":0,"ocean_menu_typo_spacing_tablet":0,"ocean_menu_typo_spacing_mobile":0,"ocean_menu_typo_spacing_unit":"","ocean_menu_link_color":"","ocean_menu_link_color_hover":"","ocean_menu_link_color_active":"","ocean_menu_link_background":"","ocean_menu_link_hover_background":"","ocean_menu_link_active_background":"","ocean_menu_social_links_bg":"","ocean_menu_social_hover_links_bg":"","ocean_menu_social_links_color":"","ocean_menu_social_hover_links_color":"","ocean_disable_title":"default","ocean_disable_heading":"default","ocean_post_title":"","ocean_post_subheading":"","ocean_post_title_style":"","ocean_post_title_background_color":"","ocean_post_title_background":0,"ocean_post_title_bg_image_position":"","ocean_post_title_bg_image_attachment":"","ocean_post_title_bg_image_repeat":"","ocean_post_title_bg_image_size":"","ocean_post_title_height":0,"ocean_post_title_bg_overlay":0.5,"ocean_post_title_bg_overlay_color":"","ocean_disable_breadcrumbs":"default","ocean_breadcrumbs_color":"","ocean_breadcrumbs_separator_color":"","ocean_breadcrumbs_links_color":"","ocean_breadcrumbs_links_hover_color":"","ocean_display_footer_widgets":"default","ocean_display_footer_bottom":"default","ocean_custom_footer_template":"","ocean_post_oembed":"","ocean_post_self_hosted_media":"","ocean_post_video_embed":"","ocean_link_format":"","ocean_link_format_target":"self","ocean_quote_format":"","ocean_quote_format_link":"post","ocean_gallery_link_images":"on","ocean_gallery_id":[],"footnotes":""},"categories":[4],"tags":[4075,20,539,168,110,71,183,930],"class_list":["post-15765","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-market","tag-18k","tag-bitcoin","tag-bullish","tag-heres","tag-price","tag-push","tag-remains","tag-zone","entry","has-media","owp-thumbs-layout-horizontal","owp-btn-normal","owp-tabs-layout-horizontal","has-no-thumbnails","has-product-nav"],"_links":{"self":[{"href":"https:\/\/coingrafter.com\/index.php\/wp-json\/wp\/v2\/posts\/15765","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/coingrafter.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/coingrafter.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/coingrafter.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/coingrafter.com\/index.php\/wp-json\/wp\/v2\/comments?post=15765"}],"version-history":[{"count":1,"href":"https:\/\/coingrafter.com\/index.php\/wp-json\/wp\/v2\/posts\/15765\/revisions"}],"predecessor-version":[{"id":15766,"href":"https:\/\/coingrafter.com\/index.php\/wp-json\/wp\/v2\/posts\/15765\/revisions\/15766"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/coingrafter.com\/index.php\/wp-json\/wp\/v2\/media\/15767"}],"wp:attachment":[{"href":"https:\/\/coingrafter.com\/index.php\/wp-json\/wp\/v2\/media?parent=15765"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/coingrafter.com\/index.php\/wp-json\/wp\/v2\/categories?post=15765"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/coingrafter.com\/index.php\/wp-json\/wp\/v2\/tags?post=15765"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}