Bitcoin remained strong above the $28,500 support against the US Dollar. BTC is rising, but it must clear $28,500 to move into a positive zone.
- Bitcoin started a fresh increase after it tested the $28,500 support zone.
- דער פּרייַז איז איצט טריידינג העכער די $ 29,500 מדרגה און די 100 אַורלי פּשוט מאָווינג דורכשניטלעך.
- There was break above a major bearish trend line with resistance near $29,800 on the hourly chart of the BTC/USD pair (data feed from Kraken).
- The pair could continue to move higher towards the key $30,600 resistance zone.
Bitcoin Price Forms Triple Bottom
Bitcoin price extended decline below the $29,500 support zone. However, the bulls were active near the main 28,500 $ שטיצן זאָנע.
A fresh base was formed near $28,600 and the price started a fresh increase. There was a clear move above the $29,200 and $29,500 resistance levels. The price surpassed the 50% Fib retracement level of the downward move from the $30,630 swing high to $28,635 low.
Besides, there was break above a major bearish trend line with resistance near $29,800 on the hourly chart of the BTC/USD pair. Bitcoin price is now trading above the $29,500 level and the 100 אַורלי פּשוט מאָווינג דורכשניטלעך.
מקור: בטקוסד אויף TradingView.com
An immediate resistance on the upside is near the $30,160 level. It is near the 76.4% Fib retracement level of the downward move from the $30,630 swing high to $28,635 low. The next major resistance is near the $30,600 level. A clear move above the $30,600 resistance level might start a steady increase. In the stated case, the price may perhaps clear the $31,200 resistance zone.
פריש אַראָפּגיין אין בטק?
אויב ביטקאָין פיילז צו ויסמעקן די $ 30,600 קעגנשטעל זאָנע, עס קען אָנהייבן אן אנדער אַראָפּגיין. אַ באַלדיק שטיצן אויף די דאַונסייד איז לעבן די $ 29,600 מדרגה.
The first major support is near the $29,500 level and the 100 hourly simple moving average. A downside break below the $29,500 support might send the price further lower. The main support is still near the $28,500 level, where the bulls are likely to take a strong stand.
טעכניש ינדאַקייטערז:
אַורלי MACD - די MACD איז איצט גיינינג גאַנג אין די בוליש זאָנע.
אַורלי רסי (קאָרעוו שטאַרקייט אינדעקס) - די רסי פֿאַר בטק / וסד איז איצט געזונט העכער די 50 מדרגה.
הויפּט שטיצן לעוועלס - 29,500 $, נאכגעגאנגען דורך $ 28,500.
הויפּט קעגנשטעל לעוועלס - $ 30,150, $ 30,500 און $ 30,600.
Source: https://www.newsbtc.com/analysis/btc/bitcoin-price-moves-higher-30k/