{"id":5221,"date":"2022-07-21T03:37:48","date_gmt":"2022-07-21T03:37:48","guid":{"rendered":"https:\/\/coingrafter.com\/index.php\/2022\/07\/21\/bitcoin-price-breaks-24k-why-btc-could-rise-further-to-25k\/"},"modified":"2022-07-21T03:37:49","modified_gmt":"2022-07-21T03:37:49","slug":"bitcoin-price-breaks-24k-why-btc-could-rise-further-to-25k","status":"publish","type":"post","link":"https:\/\/coingrafter.com\/index.php\/2022\/07\/21\/bitcoin-price-breaks-24k-why-btc-could-rise-further-to-25k\/","title":{"rendered":"Bitcoin Price Breaks $24K, Why BTC Could Rise Further To $25K"},"content":{"rendered":"<p> [ad_1]<br \/>\n<\/p>\n<div>\n<p><em>Bitcoin gained tempo and cleared the $24,000 resistance in opposition to the US Dollar. BTC may rise additional in the direction of $25,000 if it stays above the $23,000 help.<\/em><\/p>\n<ul>\n<li>Bitcoin remained in a optimistic zone and climbed above the $24,000 resistance zone.<\/li>\n<li>The value is now buying and selling above the $23,000 degree and testing the 100 hourly easy transferring common.<\/li>\n<li>There is a key bullish pattern line forming with help close to $23,200 on the hourly chart of the BTC\/USD pair (knowledge feed from Kraken).<\/li>\n<li>The pair would possibly proceed to rise if it clears the $23,750 and $24,000 ranges.<\/li>\n<\/ul>\n<h2>Bitcoin Price Remains In Uptrend<\/h2>\n<p>Bitcoin value began a <a href=\"https:\/\/www.newsbtc.com\/analysis\/btc\/bitcoin-price-surge-24k\/\" target=\"_blank\" rel=\"noopener\">steady increase<\/a> after it cleared the $23,000 resistance zone. BTC gained tempo for a transfer above the $23,500 resistance degree.<\/p>\n<p>The value even broke the $23,750 degree and settled above the 100 hourly easy transferring common. Finally, it spiked above the $24,000 degree. A excessive was shaped close to $24,264 and the worth is now <a href=\"https:\/\/www.newsbtc.com\/analysis\/btc\/bitcoin-price-smashes-resistance-23k\/\" target=\"_blank\" rel=\"noopener\">consolidating gains<\/a>. There was a minor draw back correction under the $23,750 degree.<\/p>\n<p>Bitcoin traded under the 38.2% Fib retracement degree of the upward transfer from the $21,405 swing low to $24,264 excessive. However, the bulls have been lively close to the $23,000 help zone.<\/p>\n<p>There can also be a key bullish pattern line forming with help close to $23,200 on the hourly chart of the BTC\/USD pair. On the upside, bitcoin value may face resistance close to the $23,750 degree. The subsequent key resistance is close to the $24,000 zone.<\/p>\n<p><a href=\"https:\/\/www.newsbtc.com\/wp-content\/uploads\/2022\/07\/Bitcoin-16.png\"><img decoding=\"async\" loading=\"lazy\" class=\"alignnone size-full wp-image-496331\" src=\"https:\/\/www.newsbtc.com\/wp-content\/uploads\/2022\/07\/Bitcoin-16.png\" alt=\"Bitcoin Price\" width=\"1834\" height=\"845\" srcset=\"https:\/\/www.newsbtc.com\/wp-content\/uploads\/2022\/07\/Bitcoin-16.png 1834w, https:\/\/www.newsbtc.com\/wp-content\/uploads\/2022\/07\/Bitcoin-16-460x212.png 460w, https:\/\/www.newsbtc.com\/wp-content\/uploads\/2022\/07\/Bitcoin-16-860x396.png 860w, https:\/\/www.newsbtc.com\/wp-content\/uploads\/2022\/07\/Bitcoin-16-768x354.png 768w, https:\/\/www.newsbtc.com\/wp-content\/uploads\/2022\/07\/Bitcoin-16-1536x708.png 1536w, https:\/\/www.newsbtc.com\/wp-content\/uploads\/2022\/07\/Bitcoin-16-750x346.png 750w, https:\/\/www.newsbtc.com\/wp-content\/uploads\/2022\/07\/Bitcoin-16-1140x525.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>An in depth above the $24,000 resistance zone may set the tempo for extra positive factors. In the said case, the worth might maybe rise in the direction of the $24,500 degree. The subsequent main resistance sits close to the $25,000 degree.<\/p>\n<h2>Dips Supported in BTC?<\/h2>\n<p>If bitcoin fails to clear the $23,750 resistance zone, it may begin a draw back correction. An fast help on the draw back is close to the $23,200 degree.<\/p>\n<p>The subsequent main help now sits close to the $23,000 degree and the pattern line zone. It can also be near the 50% Fib retracement degree of the upward transfer from the $21,405 swing low to $24,264 excessive. A transparent transfer under the pattern line help would possibly ship the worth in the direction of $22,250 and the 100 hourly SMA.<\/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 above the 50 degree.<\/p>\n<p>Major Support Levels \u2013 $23,000, adopted by $22,750.<\/p>\n<p>Major Resistance Levels \u2013 $23,750, $24,000 and $25,000.<\/p>\n<\/div>\n<p>[ad_2]<br \/>\n<br \/><a href=\"https:\/\/www.newsbtc.com\/analysis\/btc\/bitcoin-price-breaks-24k\/\">Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>[ad_1] Bitcoin gained tempo and cleared the $24,000 resistance in opposition to the US Dollar. BTC may rise additional in the direction of $25,000 if it stays above the $23,000 help. Bitcoin remained in a optimistic zone and climbed above the $24,000 resistance zone. The value is now buying and selling above the $23,000 degree 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