{"id":15880,"date":"2023-01-12T03:59:46","date_gmt":"2023-01-12T07:59:46","guid":{"rendered":"https:\/\/cryptocornercafe.com\/cafe\/?p=15880"},"modified":"2023-01-12T03:59:46","modified_gmt":"2023-01-12T07:59:46","slug":"bitcoin-price-surges-past-18k-and-now-the-bulls-could-aim-19k","status":"publish","type":"post","link":"http:\/\/cryptocornercafe.com\/cafe\/2023\/01\/12\/bitcoin-price-surges-past-18k-and-now-the-bulls-could-aim-19k\/","title":{"rendered":"Bitcoin Price Surges Past $18K and Now The Bulls Could Aim $19K"},"content":{"rendered":"

Bitcoin price extended its increase and surged above $18,000. BTC is gaining pace and might rise towards the $19,000 resistance zone.<\/em><\/p>\n

Bitcoin extended its rise above the $17,500 and $18,000 resistance levels.
\nThe price is trading above $18,000 and the 100 hourly simple moving average.
\nThere is a key bullish trend line forming with support near $17,400 on the hourly chart of the BTC\/USD pair (data feed from Kraken).
\nThe pair could continue to move up towards the $19,000 resistance zone.<\/p>\n

Bitcoin Price Rallies 5%<\/h2>\n

Bitcoin price gained pace after there was a close above the $17,000 pivot zone. BTC accelerated higher above the $17,250 resistance zone to move into a positive zone, similar to ethereum<\/a>.<\/p>\n

The price climbed above the $17,500 resistance zone to start a strong increase. The bulls even pumped the price above the $18,000 resistance zone. A high was formed near $18,367 and the price is now consolidating gains.<\/p>\n

Bitcoin price is trading above $18,000 and the 100 hourly simple moving average<\/a>. There is also a key bullish trend line forming with support near $17,400 on the hourly chart of the BTC\/USD pair. It is also well above the 23.6% Fib retracement level of the recent surge from the $17,308 swing low to $18,367 high.<\/p>\n

<\/a><\/p>\n

Source: BTCUSD on TradingView.com<\/a><\/p>\n

On the upside, an immediate resistance is near the $18,350 level. The next major resistance is near the $18,500 zone, above which the price might continue to move up. In the stated case, the price may perhaps rise towards the $19,200 level. Any more gains might send btc price towards the $20,000 level.<\/p>\n

Dips Attractive in BTC?<\/h2>\n

If bitcoin price fails to clear the $18,350 resistance, it could start a downside correction. An immediate support on the downside is near the $18,120 level.<\/p>\n

The next major support is near the $17,800 level. It is near the 50% Fib retracement level of the recent surge from the $17,308 swing low to $18,367 high. The main support is now forming near the $17,400 level and the trend line, below which the price might retest $17,000.<\/p>\n

Technical indicators:<\/p>\n

Hourly MACD \u2013 The MACD is now gaining 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 $18,120, followed by $17,800.<\/p>\n

Major Resistance Levels \u2013 $18,350, $18,500 and $19,200.<\/p>","protected":false},"excerpt":{"rendered":"

<\/p>\n

Bitcoin price extended its increase and surged above $18,000. BTC is gaining pace and might rise towards the $19,000 resistance zone.<\/em><\/p>\n

Bitcoin extended its rise above the $17,500 and $18,000 resistance levels.
\nThe price is trading above $18,000 and the 100 hourly simple moving average.
\nThere is a key bullish trend line forming with support near $17,400 on the hourly chart of the BTC\/USD pair (data feed from Kraken).
\nThe pair could continue to move up towards the $19,000 resistance zone.<\/p>\n

Bitcoin Price Rallies 5%<\/h2>\n

Bitcoin price gained pace after there was a close above the $17,000 pivot zone. BTC accelerated higher above the $17,250 resistance zone to move into a positive zone, similar to ethereum<\/a>.<\/p>\n

The price climbed above the $17,500 resistance zone to start a strong increase. The bulls even pumped the price above the $18,000 resistance zone. A high was formed near $18,367 and the price is now consolidating gains.<\/p>\n

Bitcoin price is trading above $18,000 and the 100 hourly simple moving average<\/a>. There is also a key bullish trend line forming with support near $17,400 on the hourly chart of the BTC\/USD pair. It is also well above the 23.6% Fib retracement level of the recent surge from the $17,308 swing low to $18,367 high.<\/p>\n

<\/a><\/p>\n

Source: BTCUSD on TradingView.com<\/a><\/p>\n

On the upside, an immediate resistance is near the $18,350 level. The next major resistance is near the $18,500 zone, above which the price might continue to move up. In the stated case, the price may perhaps rise towards the $19,200 level. Any more gains might send btc price towards the $20,000 level.<\/p>\n

Dips Attractive in BTC?<\/h2>\n

If bitcoin price fails to clear the $18,350 resistance, it could start a downside correction. An immediate support on the downside is near the $18,120 level.<\/p>\n

The next major support is near the $17,800 level. It is near the 50% Fib retracement level of the recent surge from the $17,308 swing low to $18,367 high. The main support is now forming near the $17,400 level and the trend line, below which the price might retest $17,000.<\/p>\n

Technical indicators:<\/p>\n

Hourly MACD \u2013 The MACD is now gaining 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 $18,120, followed by $17,800.<\/p>\n

Major Resistance Levels \u2013 $18,350, $18,500 and $19,200.<\/p>\n

<\/p>\n","protected":false},"author":0,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"colormag_page_layout":"default_layout","_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[82],"tags":[],"class_list":["post-15880","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\/15880","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=15880"}],"version-history":[{"count":0,"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/posts\/15880\/revisions"}],"wp:attachment":[{"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/media?parent=15880"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/categories?post=15880"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/tags?post=15880"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}