{"id":5066,"date":"2022-07-19T03:08:33","date_gmt":"2022-07-19T03:08:33","guid":{"rendered":"https:\/\/coingrafter.com\/index.php\/2022\/07\/19\/bitcoin-price-smashes-resistance-why-23k-could-be-next\/"},"modified":"2022-07-19T03:08:33","modified_gmt":"2022-07-19T03:08:33","slug":"bitcoin-price-smashes-resistance-why-23k-could-be-next","status":"publish","type":"post","link":"https:\/\/coingrafter.com\/index.php\/2022\/07\/19\/bitcoin-price-smashes-resistance-why-23k-could-be-next\/","title":{"rendered":"Bitcoin Price Smashes Resistance, Why $23K Could Be Next"},"content":{"rendered":"<p> [ad_1]<br \/>\n<\/p>\n<div>\n<p><em>Bitcoin gained tempo above the $22,000 resistance towards the US Dollar. BTC may rise additional in the direction of $23,000 if it stays above the $21,500 help.<\/em><\/p>\n<ul>\n<li>Bitcoin is up over 5% and there was a transfer above the $22,000 resistance zone.<\/li>\n<li>The value is now buying and selling above the $21,800 degree and testing the 100 hourly easy transferring common.<\/li>\n<li>There is a key connecting bullish development line forming with help close to $21,800 on the hourly chart of the BTC\/USD pair (information feed from Kraken).<\/li>\n<li>The pair would possibly proceed to rise if it clears the $22,500 and $22,600 ranges.<\/li>\n<\/ul>\n<h2>Bitcoin Price Gains Momentum<\/h2>\n<p>Bitcoin value <a href=\"https:\/\/www.newsbtc.com\/analysis\/btc\/bitcoin-price-eyes-fresh-increase-22k\/\" target=\"_blank\" rel=\"noopener\">remained supported<\/a> above the $20,500 zone. The value began a good enhance and was capable of clear the $21,500 resistance zone.<\/p>\n<p>The bulls even pumped the value above the $22,000 resistance zone. The value traded as excessive as $22,766 and settled above the 100 hourly easy transferring common. Recently, there was a draw back correction beneath the $22,500 degree.<\/p>\n<p>Bitcoin dipped beneath the 50% Fib retracement degree of the upward transfer from the $20,748 swing low to $22,766 excessive. However, the bulls had been energetic close to the $21,500 help zone and the <a href=\"https:\/\/www.newsbtc.com\/analysis\/eth\/ethereum-could-rally-1125\/\" target=\"_blank\" rel=\"noopener\">100 hourly simple moving average<\/a>.<\/p>\n<p>The value stayed above the 61.8% Fib retracement degree of the upward transfer from the $20,748 swing low to $22,766 excessive. There can also be a key connecting bullish development line forming with help close to $21,800 on the hourly chart of the BTC\/USD pair.<\/p>\n<p><a href=\"https:\/\/www.newsbtc.com\/wp-content\/uploads\/2022\/07\/Bitcoin-14.png\"><img decoding=\"async\" loading=\"lazy\" class=\"alignnone size-full wp-image-496053\" src=\"https:\/\/www.newsbtc.com\/wp-content\/uploads\/2022\/07\/Bitcoin-14.png\" alt=\"Bitcoin Price\" width=\"1834\" height=\"845\" srcset=\"https:\/\/www.newsbtc.com\/wp-content\/uploads\/2022\/07\/Bitcoin-14.png 1834w, https:\/\/www.newsbtc.com\/wp-content\/uploads\/2022\/07\/Bitcoin-14-460x212.png 460w, https:\/\/www.newsbtc.com\/wp-content\/uploads\/2022\/07\/Bitcoin-14-860x396.png 860w, https:\/\/www.newsbtc.com\/wp-content\/uploads\/2022\/07\/Bitcoin-14-768x354.png 768w, https:\/\/www.newsbtc.com\/wp-content\/uploads\/2022\/07\/Bitcoin-14-1536x708.png 1536w, https:\/\/www.newsbtc.com\/wp-content\/uploads\/2022\/07\/Bitcoin-14-750x346.png 750w, https:\/\/www.newsbtc.com\/wp-content\/uploads\/2022\/07\/Bitcoin-14-1140x525.png 1140w\" sizes=\"auto, (max-width: 1834px) 100vw, 1834px\"\/><\/a><\/p>\n<p>On the upside, bitcoin value may resistance close to the $22,500 degree. The subsequent key resistance is close to the $22,750 zone. An in depth above the $22,750 resistance zone may set the tempo for extra upsides. In the acknowledged case, the value might maybe rise in the direction of the $23,000 degree. The subsequent main resistance sits close to the $23,500 degree.<\/p>\n<h2>Dips Supported in BTC?<\/h2>\n<p>If bitcoin fails to clear the $22,500 resistance zone, it may begin a draw back correction. An fast help on the draw back is close to the $21,800 degree.<\/p>\n<p>The subsequent main help now sits close to the $21,500 degree and the 100 hourly SMA. A transparent transfer beneath the $21,500 help would possibly ship the value in the direction of $20,500.<\/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 degree.<\/p>\n<p>Major Support Levels \u2013 $21,800, adopted by $21,500.<\/p>\n<p>Major Resistance Levels \u2013 $22,500, $22,750 and $23,000.<\/p>\n<\/div>\n<p>[ad_2]<br \/>\n<br \/><a href=\"https:\/\/www.newsbtc.com\/analysis\/btc\/bitcoin-price-smashes-resistance-23k\/\">Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>[ad_1] Bitcoin gained tempo above the $22,000 resistance towards the US Dollar. BTC may rise additional in the direction of $23,000 if it stays above the $21,500 help. Bitcoin is up over 5% and there was a transfer above the $22,000 resistance zone. The value is now buying and selling above the $21,800 degree and 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