Bitcoin price is moving higher above $19,250 against the US Dollar. BTC could eye a crucial upside break above the $19,500 and $19,650 resistance levels.<\/p>\n
Bitcoin started a fresh increase above the $19,200 and $19,250 levels.
\nThe price is trading above $19,200 and the 100 hourly simple moving average.
\nThere was a break above a key bearish trend line with resistance near $19,200 on the hourly chart of the BTC\/USD pair (data feed from Kraken).
\nThe pair could start a strong increase if there is a clear move above the $19,650 resistance.<\/p>\n
Bitcoin Price Gains Momentum<\/p>\n
Bitcoin price remained well bid<\/a> above the $18,800 level. BTC formed a base above the $19,000 level and started a fresh increase. There was a clear move above the $19,200 and $19,250 resistance levels.<\/p>\n There was also a break above a key bearish trend line with resistance near $19,200 on the hourly chart of the BTC\/USD pair. The pair gained pace above the $19,400 level and the 100 hourly simple moving average<\/a>. It even broke the $19,500 resistance.<\/p>\n However, bitcoin price failed to gain momentum above the $19,600 zone. A high was formed near $19,679 and there was a minor downside correction.<\/p>\n The price is now trading below the 23.6% Fib retracement level of the upward move from the $18,865 swing low to $19,679 high. On the upside, an immediate resistance is near the $19,600 level. The first major resistance sits near the $19,650 level and the recent high.<\/p>\n <\/a><\/p>\n Source: BTCUSD on TradingView.com<\/a><\/p>\n The next major resistance might be $20,000. A clear move above the $20,000 resistance might send the price towards the $20,500 resistance. Any more gains might open the doors for a move towards the $21,200 resistance zone.<\/p>\n Dips Supported in BTC?<\/p>\n If bitcoin fails to rise above the $19,600 resistance zone, it could continue to move down. An immediate support on the downside is near the $19,300 zone.<\/p>\n The next major support is near the $19,250 zone. It is close to the 50% Fib retracement level of the upward move from the $18,865 swing low to $19,679 high. A downside break and close below $19,250 might increase selling pressure and the price might revisit $18,800.<\/p>\n Technical indicators:<\/p>\n Hourly MACD \u2013 The MACD is now losing pace in the bullish zone.<\/p>\n Hourly RSI (Relative Strength Index) \u2013 The RSI for BTC\/USD is now above the 50 level.<\/p>\n Major Support Levels \u2013 $19,300, followed by $19,250.<\/p>\n Major Resistance Levels \u2013 $19,500, $19,600 and $20,000.<\/p>","protected":false},"excerpt":{"rendered":" <\/p>\n Bitcoin price is moving higher above $19,250 against the US Dollar. BTC could eye a crucial upside break above the $19,500 and $19,650 resistance levels.<\/p>\n Bitcoin started a fresh increase above the $19,200 and $19,250 levels. Bitcoin Price Gains Momentum<\/p>\n Bitcoin price remained well bid<\/a> above the $18,800 level. BTC formed a base above the $19,000 level and started a fresh increase. There was a clear move above the $19,200 and $19,250 resistance levels.<\/p>\n There was also a break above a key bearish trend line with resistance near $19,200 on the hourly chart of the BTC\/USD pair. The pair gained pace above the $19,400 level and the 100 hourly simple moving average<\/a>. It even broke the $19,500 resistance.<\/p>\n However, bitcoin price failed to gain momentum above the $19,600 zone. A high was formed near $19,679 and there was a minor downside correction.<\/p>\n The price is now trading below the 23.6% Fib retracement level of the upward move from the $18,865 swing low to $19,679 high. On the upside, an immediate resistance is near the $19,600 level. The first major resistance sits near the $19,650 level and the recent high.<\/p>\n
\nThe price is trading above $19,200 and the 100 hourly simple moving average.
\nThere was a break above a key bearish trend line with resistance near $19,200 on the hourly chart of the BTC\/USD pair (data feed from Kraken).
\nThe pair could start a strong increase if there is a clear move above the $19,650 resistance.<\/p>\n
![<\/a><\/p>\nSource: BTCUSD on TradingView.com<\/a><\/p>\nThe next major resistance might be $20,000. A clear move above the $20,000 resistance might send the price towards the $20,500 resistance. Any more gains might open the doors for a move towards the $21,200 resistance zone.<\/p>\nDips Supported in BTC?<\/p>\nIf bitcoin fails to rise above the $19,600 resistance zone, it could continue to move down. An immediate support on the downside is near the $19,300 zone.<\/p>\nThe next major support is near the $19,250 zone. It is close to the 50% Fib retracement level of the upward move from the $18,865 swing low to $19,679 high. A downside break and close below $19,250 might increase selling pressure and the price might revisit $18,800.<\/p>\nTechnical indicators:<\/p>\nHourly MACD \u2013 The MACD is now losing pace in the bullish zone.<\/p>\nHourly RSI (Relative Strength Index) \u2013 The RSI for BTC\/USD is now above the 50 level.<\/p>\nMajor Support Levels \u2013 $19,300, followed by $19,250.<\/p>\nMajor Resistance Levels \u2013 $19,500, $19,600 and $20,000.<\/p>","protected":false},"excerpt":{"rendered":"<\/p>\nBitcoin price is moving higher above $19,250 against the US Dollar. BTC could eye a crucial upside break above the $19,500 and $19,650 resistance levels.<\/p>\nBitcoin started a fresh increase above the $19,200 and $19,250 levels.\nThe price is trading above $19,200 and the 100 hourly simple moving average.\nThere was a break above a key bearish trend line with resistance near $19,200 on the hourly chart of the BTC\/USD pair (data feed from Kraken).\nThe pair could start a strong increase if there is a clear move above the $19,650 resistance.<\/p>\nBitcoin Price Gains Momentum<\/p>\nBitcoin price remained well bid<\/a> above the $18,800 level. BTC formed a base above the $19,000 level and started a fresh increase. There was a clear move above the $19,200 and $19,250 resistance levels.<\/p>\nThere was also a break above a key bearish trend line with resistance near $19,200 on the hourly chart of the BTC\/USD pair. The pair gained pace above the $19,400 level and the 100 hourly simple moving average<\/a>. It even broke the $19,500 resistance.<\/p>\nHowever, bitcoin price failed to gain momentum above the $19,600 zone. A high was formed near $19,679 and there was a minor downside correction.<\/p>\nThe price is now trading below the 23.6% Fib retracement level of the upward move from the $18,865 swing low to $19,679 high. On the upside, an immediate resistance is near the $19,600 level. The first major resistance sits near the $19,650 level and the recent high.<\/p>\n<\/a><\/p>\nSource: BTCUSD on TradingView.com<\/a><\/p>\nThe next major resistance might be $20,000. A clear move above the $20,000 resistance might send the price towards the $20,500 resistance. Any more gains might open the doors for a move towards the $21,200 resistance zone.<\/p>\nDips Supported in BTC?<\/p>\nIf bitcoin fails to rise above the $19,600 resistance zone, it could continue to move down. An immediate support on the downside is near the $19,300 zone.<\/p>\nThe next major support is near the $19,250 zone. It is close to the 50% Fib retracement level of the upward move from the $18,865 swing low to $19,679 high. A downside break and close below $19,250 might increase selling pressure and the price might revisit $18,800.<\/p>\nTechnical indicators:<\/p>\nHourly MACD \u2013 The MACD is now losing pace in the bullish zone.<\/p>\nHourly RSI (Relative Strength Index) \u2013 The RSI for BTC\/USD is now above the 50 level.<\/p>\nMajor Support Levels \u2013 $19,300, followed by $19,250.<\/p>\nMajor Resistance Levels \u2013 $19,500, $19,600 and $20,000.<\/p>\n<\/p>\n","protected":false},"author":0,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"colormag_page_layout":"default_layout","_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[82],"tags":[],"class_list":["post-10402","post","type-post","status-publish","format-standard","hentry","category-blockchain"],"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/posts\/10402","targetHints":{"allow":["GET"]}}],"collection":[{"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/comments?post=10402"}],"version-history":[{"count":0,"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/posts\/10402\/revisions"}],"wp:attachment":[{"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/media?parent=10402"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/categories?post=10402"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/tags?post=10402"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}](\"https:\/\/www.newsbtc.com\/wp-content\/uploads\/2022\/10\/Bitcoin-17.png\"){kind=link}