{"id":6612,"date":"2022-08-15T03:39:12","date_gmt":"2022-08-15T03:39:12","guid":{"rendered":"https:\/\/coingrafter.com\/index.php\/2022\/08\/15\/bitcoin-price-aims-higher-why-btc-could-surge-past-25k\/"},"modified":"2022-08-15T03:39:12","modified_gmt":"2022-08-15T03:39:12","slug":"bitcoin-price-aims-higher-why-btc-could-surge-past-25k","status":"publish","type":"post","link":"https:\/\/coingrafter.com\/index.php\/2022\/08\/15\/bitcoin-price-aims-higher-why-btc-could-surge-past-25k\/","title":{"rendered":"Bitcoin Price Aims Higher, Why BTC Could Surge Past $25K"},"content":{"rendered":"<p> [ad_1]<br \/>\n<\/p>\n<div>\n<p><em>Bitcoin is gaining bullish momentum above $24,500 in opposition to the US Dollar. BTC may achieve bullish momentum if it clears the $25,000 resistance zone.<\/em><\/p>\n<ul>\n<li>Bitcoin began a contemporary enhance above the $24,200 resistance zone.<\/li>\n<li>The value is now buying and selling above the $24,000 stage and the 100 hourly easy shifting common.<\/li>\n<li>There is a key bullish development line forming with assist close to $24,400 on the hourly chart of the BTC\/USD pair (information feed from Kraken).<\/li>\n<li>The pair may achieve bullish momentum if there&#8217;s a clear transfer above the $25,000 resistance.<\/li>\n<\/ul>\n<h2>Bitcoin Price Gains Momentum<\/h2>\n<p>Bitcoin value tried a contemporary enhance above the <a href=\"https:\/\/www.newsbtc.com\/analysis\/btc\/bitcoin-price-tops-near-25k\/\" target=\"_blank\" rel=\"noopener\">$24,500 resistance zone<\/a>. BTC gained tempo for a transfer above the $24,800 stage, with an in depth above the 100 hourly easy shifting common.<\/p>\n<p>The value even spiked above the $25,000 stage. A excessive was fashioned close to $25,045 earlier than there was a draw back correction. There was a transfer beneath the $24,500 assist stage. The value declined beneath the 50% Fib retracement stage of the upward transfer from the $23,600 swing low to $25,045 excessive.<\/p>\n<p>However, the bulls had been lively close to a key assist at $24,200. The 61.8% Fib retracement stage of the upward transfer from the $23,600 swing low to $25,045 excessive acted as a assist.<\/p>\n<p>There can be a key bullish development line forming with assist close to $24,400 on the hourly chart of the BTC\/USD pair. Bitcoin value is now buying and selling above the $24,000 stage and the <a href=\"https:\/\/www.newsbtc.com\/analysis\/btc\/bitcoin-price-surges-6-pc-24k\/\" target=\"_blank\" rel=\"noopener\">100 hourly simple moving average<\/a>.<\/p>\n<p><a href=\"https:\/\/www.newsbtc.com\/wp-content\/uploads\/2022\/08\/Bitcoin-10.png\"><img decoding=\"async\" loading=\"lazy\" class=\"alignnone size-full wp-image-498702\" src=\"https:\/\/www.newsbtc.com\/wp-content\/uploads\/2022\/08\/Bitcoin-10.png\" alt=\"Bitcoin Price\" width=\"1834\" height=\"845\" srcset=\"https:\/\/www.newsbtc.com\/wp-content\/uploads\/2022\/08\/Bitcoin-10.png 1834w, https:\/\/www.newsbtc.com\/wp-content\/uploads\/2022\/08\/Bitcoin-10-460x212.png 460w, https:\/\/www.newsbtc.com\/wp-content\/uploads\/2022\/08\/Bitcoin-10-860x396.png 860w, https:\/\/www.newsbtc.com\/wp-content\/uploads\/2022\/08\/Bitcoin-10-768x354.png 768w, https:\/\/www.newsbtc.com\/wp-content\/uploads\/2022\/08\/Bitcoin-10-1536x708.png 1536w, https:\/\/www.newsbtc.com\/wp-content\/uploads\/2022\/08\/Bitcoin-10-750x346.png 750w, https:\/\/www.newsbtc.com\/wp-content\/uploads\/2022\/08\/Bitcoin-10-1140x525.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>On the upside, an instantaneous resistance is close to the $24,800 stage. The subsequent key resistance is close to the $25,000 zone. An in depth above the $25,000 resistance zone may begin one other enhance. In the said case, the value might maybe check the $25,800 resistance. Any extra beneficial properties may ship the value in direction of the $26,200 stage.<\/p>\n<h2>Dips Supported in BTC?<\/h2>\n<p>If bitcoin fails to clear the $25,000 resistance zone, it may begin a draw back correction. An quick assist on the draw back is close to the $24,600 stage.<\/p>\n<p>The subsequent main assist now sits close to the $24,500 stage, the development line, and the 100 hourly SMA. If the bears push the value beneath the $24,500 assist stage, there is likely to be a transfer in direction of the $24,200 stage. Any extra losses may ship the value in direction of $23,500 stage.<\/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 $24,500, adopted by $24,200.<\/p>\n<p>Major Resistance Levels \u2013 $25,000, $25,800 and $26,200.<\/p>\n<\/div>\n<p>[ad_2]<br \/>\n<br \/><a href=\"https:\/\/www.newsbtc.com\/analysis\/btc\/ta-bitcoin-price-aims-higher-why-btc-could-surge-past-25k\/\">Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>[ad_1] Bitcoin is gaining bullish momentum above $24,500 in opposition to the US Dollar. BTC may achieve bullish momentum if it clears the $25,000 resistance zone. Bitcoin began a contemporary enhance above the $24,200 resistance zone. The value is now buying and selling above the $24,000 stage and the 100 hourly easy shifting common. There 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