{"id":16672,"date":"2023-01-24T04:26:32","date_gmt":"2023-01-24T04:26:32","guid":{"rendered":"https:\/\/coingrafter.com\/index.php\/2023\/01\/24\/bitcoin-price-gearing-for-another-lift-off-and-might-surge-to-25k\/"},"modified":"2023-01-24T04:26:32","modified_gmt":"2023-01-24T04:26:32","slug":"bitcoin-price-gearing-for-another-lift-off-and-might-surge-to-25k","status":"publish","type":"post","link":"https:\/\/coingrafter.com\/index.php\/2023\/01\/24\/bitcoin-price-gearing-for-another-lift-off-and-might-surge-to-25k\/","title":{"rendered":"Bitcoin Price Gearing For Another Lift-Off and Might Surge To $25K"},"content":{"rendered":"<p> [ad_1]<br \/>\n<\/p>\n<div>\n<p><em>Bitcoin worth remained nicely supported above the $22,300 zone. BTC is rising and may intention a recent improve above the $23,500 resistance zone.<\/em><\/p>\n<ul>\n<li>Bitcoin began a minor draw back correction and examined the $22,400 help zone.<\/li>\n<li>The worth is buying and selling above $22,500 and the 100 hourly easy transferring common.<\/li>\n<li>There is a key bullish pattern line forming with help close to $22,100 on the hourly chart of the BTC\/USD pair (information feed from Kraken).<\/li>\n<li>The pair might begin a recent surge if it clears the $23,500 resistance zone.<\/li>\n<\/ul>\n<h2>Bitcoin Price Eyes Another Increase<\/h2>\n<p>Bitcoin worth gained tempo above the $22,500 resistance zone. BTC even traded above the $23,000 stage earlier than it confronted sellers close to the $23,500 zone. There was a minor draw back correction from the $23,400 zone, just like <a href=\"https:\/\/newsbtc.com\/analysis\/eth\/ethereum-price-consolidates-1650\/\" target=\"_blank\" rel=\"noopener\">ethereum<\/a>.<\/p>\n<p>The worth traded as excessive as $23,428 earlier than there was a <a href=\"https:\/\/newsbtc.com\/analysis\/btc\/bitcoin-bulls-keeps-pushing-24k\/\" target=\"_blank\" rel=\"noopener\">downside correction<\/a>. There was a transfer beneath the $23,000 stage. The worth even dipped beneath the 23.6% Fib retracement stage of the upward wave from the $20,396 swing low to $24,249 excessive.<\/p>\n<p>However, the value is steady above $22,500 and the 100 hourly easy transferring common. There can be a key bullish pattern line forming with help close to $22,100 on the hourly chart of the BTC\/USD pair.<\/p>\n<p><a href=\"https:\/\/newsbtc.com\/wp-content\/uploads\/2023\/01\/Bitcoin-20.png\"><img decoding=\"async\" loading=\"lazy\" class=\"alignnone size-full wp-image-517228\" src=\"https:\/\/newsbtc.com\/wp-content\/uploads\/2023\/01\/Bitcoin-20.png\" alt=\"Bitcoin Price\" width=\"1950\" height=\"1109\" srcset=\"https:\/\/newsbtc.com\/wp-content\/uploads\/2023\/01\/Bitcoin-20.png 1950w, https:\/\/newsbtc.com\/wp-content\/uploads\/2023\/01\/Bitcoin-20-460x262.png 460w, https:\/\/newsbtc.com\/wp-content\/uploads\/2023\/01\/Bitcoin-20-860x489.png 860w, https:\/\/newsbtc.com\/wp-content\/uploads\/2023\/01\/Bitcoin-20-768x437.png 768w, https:\/\/newsbtc.com\/wp-content\/uploads\/2023\/01\/Bitcoin-20-1536x874.png 1536w, https:\/\/newsbtc.com\/wp-content\/uploads\/2023\/01\/Bitcoin-20-750x427.png 750w, https:\/\/newsbtc.com\/wp-content\/uploads\/2023\/01\/Bitcoin-20-1140x648.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>An speedy resistance is close to the $23,200 stage. The subsequent main resistance is close to the $23,400 zone, above which the value may acquire bullish momentum. In the said case, the value might maybe rise even clear the $23,500 stage. The subsequent hurdle might be close to the $24,200 stage. Any extra positive aspects may ship btc worth in the direction of the $25,000 stage.<\/p>\n<h2>Fresh Downside Correction in BTC?<\/h2>\n<p>If bitcoin worth fails to clear the $23,400 resistance, it might begin one other draw back correction. An speedy help on the draw back is close to the $22,700 zone.<\/p>\n<p>The subsequent main help is close to the $22,100 zone and the pattern line, beneath which it might take a look at the 50% Fib retracement stage of the upward wave from the $20,396 swing low to $24,249 excessive. Any extra losses may ship the value to $21,500 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 above the 50 stage.<\/p>\n<p>Major Support Levels \u2013 $22,700, adopted by $22,100.<\/p>\n<p>Major Resistance Levels \u2013 $23,200, $23,400 and $23,500.<\/p>\n<\/div>\n<p>[ad_2]<br \/>\n<br \/><a href=\"https:\/\/newsbtc.com\/analysis\/btc\/bitcoin-price-surge-to-25k\/\">Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>[ad_1] Bitcoin worth remained nicely supported above the $22,300 zone. BTC is rising and may intention a recent improve above the $23,500 resistance zone. Bitcoin began a minor draw back correction and examined the $22,400 help zone. The worth is buying and selling above $22,500 and the 100 hourly easy transferring common. There is a 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