{"id":8427,"date":"2022-09-12T03:57:02","date_gmt":"2022-09-12T03:57:02","guid":{"rendered":"https:\/\/coingrafter.com\/index.php\/2022\/09\/12\/bitcoin-price-rockets-to-22k-next-bullish-levels-traders-should-watch\/"},"modified":"2022-09-12T03:57:02","modified_gmt":"2022-09-12T03:57:02","slug":"bitcoin-price-rockets-to-22k-next-bullish-levels-traders-should-watch","status":"publish","type":"post","link":"https:\/\/coingrafter.com\/index.php\/2022\/09\/12\/bitcoin-price-rockets-to-22k-next-bullish-levels-traders-should-watch\/","title":{"rendered":"Bitcoin Price Rockets to $22k, Next Bullish Levels Traders Should Watch"},"content":{"rendered":"<p> [ad_1]<br \/>\n<\/p>\n<div wp_automatic_readability=\"94.46398140976\">\n<p><em>Bitcoin gained tempo and even spiked above the $22,000 resistance in opposition to the US Dollar. BTC is correcting positive aspects, however dips is perhaps restricted beneath $21,500.<\/em><\/p>\n<ul>\n<li>Bitcoin was ready to clear the $21,200 and $21,500 resistance ranges.<\/li>\n<li>The worth is now buying and selling above $21,500 and the 100 hourly easy transferring common.<\/li>\n<li>There is a key bullish development lien forming with assist close to $21,600 on the hourly chart of the BTC\/USD pair (knowledge feed from Kraken).<\/li>\n<li>The pair is correcting positive aspects, however dips is perhaps restricted beneath the $21,500 degree.<\/li>\n<\/ul>\n<h2>Bitcoin Price Starts Fresh Rally<\/h2>\n<p>Bitcoin worth remained properly bid above the $20,000 degree and began a <a href=\"https:\/\/www.newsbtc.com\/analysis\/btc\/ta-bitcoin-price-gearing-for-another-lift-off-to-20k-altcoins-stable\/\" target=\"_blank\" rel=\"noopener\">fresh increase<\/a>. There was a transparent transfer above the $21,000 and $21,200 resistance ranges.<\/p>\n<p>The worth even surpassed the $21,500 resistance and spiked above the $22,000 resistance. A excessive was shaped close to $22,347 and the value not too long ago began a draw back correction. There was a transfer beneath the $22,000 and $21,850 ranges.<\/p>\n<p>Bitcoin worth traded beneath the 23.6% Fib retracement degree of the latest enhance from the $21,180 swing low to $22,347 excessive. It is now buying and selling above $21,500 and the <a href=\"https:\/\/www.newsbtc.com\/analysis\/btc\/bitcoin-price-recovery-stalls-19500\/\" target=\"_blank\" rel=\"noopener\">100 hourly simple moving average<\/a>. Besides, there&#8217;s a key bullish development lien forming with assist close to $21,600 on the hourly chart of the BTC\/USD pair.<\/p>\n<p><a href=\"https:\/\/www.newsbtc.com\/wp-content\/uploads\/2022\/09\/Bitcoin-11.png\"><img decoding=\"async\" loading=\"lazy\" class=\"alignnone size-full wp-image-501919\" src=\"https:\/\/www.newsbtc.com\/wp-content\/uploads\/2022\/09\/Bitcoin-11.png\" alt=\"Bitcoin Price\" width=\"1834\" height=\"845\" srcset=\"https:\/\/www.newsbtc.com\/wp-content\/uploads\/2022\/09\/Bitcoin-11.png 1834w, https:\/\/www.newsbtc.com\/wp-content\/uploads\/2022\/09\/Bitcoin-11-460x212.png 460w, https:\/\/www.newsbtc.com\/wp-content\/uploads\/2022\/09\/Bitcoin-11-860x396.png 860w, https:\/\/www.newsbtc.com\/wp-content\/uploads\/2022\/09\/Bitcoin-11-768x354.png 768w, https:\/\/www.newsbtc.com\/wp-content\/uploads\/2022\/09\/Bitcoin-11-1536x708.png 1536w, https:\/\/www.newsbtc.com\/wp-content\/uploads\/2022\/09\/Bitcoin-11-750x346.png 750w, https:\/\/www.newsbtc.com\/wp-content\/uploads\/2022\/09\/Bitcoin-11-1140x525.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 $22,000 degree. The subsequent main resistance sits close to the $22,350 degree. A transparent transfer above the $22,350 resistance may begin one other regular enhance. In the said case, the value might maybe rise in direction of $22,800. Any extra positive aspects may ship the value in direction of the $23,200 resistance zone.<\/p>\n<h2>Dips Limited in BTC?<\/h2>\n<p>If bitcoin fails to achieve tempo above the $22,000 zone, it may begin a draw back correction. An speedy assist on the draw back is close to the $21,700 zone.<\/p>\n<p>The 50% Fib retracement degree of the latest enhance from the $21,180 swing low to $22,347 excessive can be close to $21,700. The first main assist is now forming close to the $21,600 degree. A draw back break beneath the $21,600 degree may ship the value in direction of the $21,200 assist.<\/p>\n<p>Technical indicators:<\/p>\n<p>Hourly MACD \u2013 The MACD is now gaining tempo within the bearish 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 $21,700, adopted by $21,600.<\/p>\n<p>Major Resistance Levels \u2013 $22,000, $22,350 and $23,200.<\/p>\n<\/p><\/div>\n<p>[ad_2]<br \/>\n<br \/><a href=\"https:\/\/www.newsbtc.com\/analysis\/btc\/bitcoin-price-rockets-to-22k\/\">Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>[ad_1] Bitcoin gained tempo and even spiked above the $22,000 resistance in opposition to the US Dollar. BTC is correcting positive aspects, however dips is perhaps restricted beneath $21,500. Bitcoin was ready to clear the $21,200 and $21,500 resistance ranges. The worth is now buying and selling above $21,500 and the 100 hourly easy transferring 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