{"id":4456,"date":"2022-07-08T03:57:55","date_gmt":"2022-07-08T03:57:55","guid":{"rendered":"https:\/\/coingrafter.com\/index.php\/2022\/07\/08\/bitcoin-price-rallies-above-22k-why-dips-turn-attractive\/"},"modified":"2022-07-08T03:57:55","modified_gmt":"2022-07-08T03:57:55","slug":"bitcoin-price-rallies-above-22k-why-dips-turn-attractive","status":"publish","type":"post","link":"https:\/\/coingrafter.com\/index.php\/2022\/07\/08\/bitcoin-price-rallies-above-22k-why-dips-turn-attractive\/","title":{"rendered":"Bitcoin Price Rallies Above $22K, Why Dips Turn Attractive"},"content":{"rendered":"<p> [ad_1]<br \/>\n<\/p>\n<div>\n<p><em>Bitcoin surged almost 10% and broke the $22,000 resistance zone towards the US Dollar. BTC might appropriate decrease, however the bulls could be lively close to $21,250.<\/em><\/p>\n<ul>\n<li>Bitcoin jumped and broke a significant hurdle close to the $22,000 zone.<\/li>\n<li>The worth is now buying and selling above the $21,500 stage and the 100 hourly easy transferring common.<\/li>\n<li>There was a break above a key rising channel with resistance close to $21,125 on the hourly chart of the BTC\/USD pair (knowledge feed from Kraken).<\/li>\n<li>The pair might appropriate decrease, however the bulls would possibly be capable of shield the $21,250 help.<\/li>\n<\/ul>\n<h2>Bitcoin Price Starts Fresh Surge<\/h2>\n<p>Bitcoin worth shaped a base above the $20,000 stage. BTC began a <a href=\"https:\/\/www.newsbtc.com\/analysis\/btc\/bitcoin-price-wave-above-21k\/\" target=\"_blank\" rel=\"noopener\">strong increase<\/a> by clearing the $20,500 and $20,800 resistance ranges.<\/p>\n<p>There was a pointy enhance and the value climbed above the $21,500 stage. It even broke the $22,000 hurdle and settled above the <a href=\"https:\/\/www.newsbtc.com\/analysis\/btc\/bitcoin-faces-another-rejection-20k\/\" target=\"_blank\" rel=\"noopener\">100 hourly simple moving average<\/a>. A excessive is shaped close to $22,498 and the value is now consolidating beneficial properties.<\/p>\n<p>It is buying and selling properly above the 23.6% Fib retracement stage of the current enhance from the $19,750 swing low to $22,498 excessive. On the upside, the value is going through resistance close to the $22,450 and $22,500 ranges.<\/p>\n<p><a href=\"https:\/\/www.newsbtc.com\/wp-content\/uploads\/2022\/07\/Bitcoin-6.png\"><img decoding=\"async\" loading=\"lazy\" class=\"alignnone size-full wp-image-495147\" src=\"https:\/\/www.newsbtc.com\/wp-content\/uploads\/2022\/07\/Bitcoin-6.png\" alt=\"Bitcoin Price\" width=\"1834\" height=\"845\" srcset=\"https:\/\/www.newsbtc.com\/wp-content\/uploads\/2022\/07\/Bitcoin-6.png 1834w, https:\/\/www.newsbtc.com\/wp-content\/uploads\/2022\/07\/Bitcoin-6-460x212.png 460w, https:\/\/www.newsbtc.com\/wp-content\/uploads\/2022\/07\/Bitcoin-6-860x396.png 860w, https:\/\/www.newsbtc.com\/wp-content\/uploads\/2022\/07\/Bitcoin-6-768x354.png 768w, https:\/\/www.newsbtc.com\/wp-content\/uploads\/2022\/07\/Bitcoin-6-1536x708.png 1536w, https:\/\/www.newsbtc.com\/wp-content\/uploads\/2022\/07\/Bitcoin-6-750x346.png 750w, https:\/\/www.newsbtc.com\/wp-content\/uploads\/2022\/07\/Bitcoin-6-1140x525.png 1140w\" sizes=\"auto, (max-width: 1834px) 100vw, 1834px\"\/><\/a><\/p>\n<pre>Source: <a href=\"https:\/\/www.tradingview.com\/symbols\/BTCUSD\/\" target=\"_blank\" rel=\"noopener\">BTCUSD on TradingView.com<\/a><\/pre>\n<p>The subsequent key resistance is close to the $22,800 zone. An in depth above the $22,800 resistance zone might set the tempo for a take a look at of the $23,200 stage. Any extra beneficial properties would possibly open the doorways for a rise in direction of the $24,000 stage. The subsequent main resistance sits close to the $25,000 stage.<\/p>\n<h2>Dips Supported in BTC?<\/h2>\n<p>If bitcoin fails to clear the $22,500 resistance zone, it might begin a draw back correction. An fast help on the draw back is close to the $21,850 stage.<\/p>\n<p>The subsequent main help now sits close to the $21,250 stage or the damaged channel development line zone. It is close to the 50% Fib retracement stage of the current enhance from the $19,750 swing low to $22,498 excessive. An in depth under the $21,250 help zone might push the value to $20,500. In the said case, there&#8217;s a danger of a transfer in direction of the $20,000 stage.<\/p>\n<p>Technical indicators:<\/p>\n<p>Hourly MACD \u2013 The MACD is now dropping 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 $21,850, adopted by $21,250.<\/p>\n<p>Major Resistance Levels \u2013 $22,500, $22,800 and $23,200.<\/p>\n<\/div>\n<p>[ad_2]<br \/>\n<br \/><a href=\"https:\/\/www.newsbtc.com\/analysis\/btc\/ta-bitcoin-price-rallies-above-22k-why-dips-turn-attractive\/\">Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>[ad_1] Bitcoin surged almost 10% and broke the $22,000 resistance zone towards the US Dollar. BTC might appropriate decrease, however the bulls could be lively close to $21,250. Bitcoin jumped and broke a significant hurdle close to the $22,000 zone. The worth is now buying and selling above the $21,500 stage and the 100 hourly 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