{"id":31472,"date":"2023-10-26T03:53:18","date_gmt":"2023-10-26T07:53:18","guid":{"rendered":"http:\/\/cryptocornercafe.com\/cafe\/?p=31472"},"modified":"2023-10-26T03:53:18","modified_gmt":"2023-10-26T07:53:18","slug":"bitcoin-price-targets-fresh-highs-as-bulls-aim-for-another-10-surge","status":"publish","type":"post","link":"http:\/\/cryptocornercafe.com\/cafe\/2023\/10\/26\/bitcoin-price-targets-fresh-highs-as-bulls-aim-for-another-10-surge\/","title":{"rendered":"Bitcoin Price Targets Fresh Highs As Bulls Aim For Another 10% Surge"},"content":{"rendered":"

Bitcoin price stayed above the $33,200 support zone. BTC is rising and might aim for a fresh rally above the $35,000 resistance.<\/em><\/p>\n

Bitcoin is again moving higher and approaching the $35,000 resistance.
\nThe price is trading above $34,000 and the 100 hourly Simple moving average.
\nThere is a major bullish trend line forming with support near $34,220 on the hourly chart of the BTC\/USD pair (data feed from Kraken).
\nThe pair could start a fresh surge if there is a close above the $35,000 resistance zone.<\/p>\n

Bitcoin Price Eyes More Gains<\/h2>\n

Bitcoin price corrected gains from the $35,000 resistance zone<\/a>. BTC declined below the $34,200 and $34,000 levels. However, the bulls were active above the $33,200 level.<\/p>\n

A low was formed near $33,250 and the price recently started a fresh increase. There was a clear move above the $34,000 resistance zone. The price climbed above the 50% Fib retracement level of the downward move from the $35,225 swing high to the $33,250 low.<\/p>\n

Bitcoin is now trading above $34,000 and the 100 hourly Simple moving average<\/a>. There is also a major bullish trend line forming with support near $34,220 on the hourly chart of the BTC\/USD pair.<\/p>\n

On the upside, immediate resistance is near the $34,750 level or the 76.4% Fib retracement level of the downward move from the $35,225 swing high to the $33,250 low. The next key resistance could be near $35,000. The main resistance is now forming near the $35,200 zone.<\/p>\n

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

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

A clear move above the $35,200 barrier might start another surge. The next key resistance could be $36,500. Any more gains might send BTC toward the $38,000 level in the coming days.<\/p>\n

Another Decline In BTC?<\/h2>\n

If Bitcoin fails to rise above the $35,000 resistance zone, it could start another decline. Immediate support on the downside is near the $34,200 level and the trend line.<\/p>\n

The next major support is near the $33,250 level. If there is a move below the $33,250 support, there is a risk of more downsides. In the stated case, the price could decline toward the $31,500 level in the coming sessions.<\/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 $34,200, followed by $33,250.<\/p>\n

Major Resistance Levels \u2013 $34,750, $35,000, and $35,200.<\/p>","protected":false},"excerpt":{"rendered":"

<\/p>\n

Bitcoin price stayed above the $33,200 support zone. BTC is rising and might aim for a fresh rally above the $35,000 resistance.<\/em><\/p>\n

Bitcoin is again moving higher and approaching the $35,000 resistance.
\nThe price is trading above $34,000 and the 100 hourly Simple moving average.
\nThere is a major bullish trend line forming with support near $34,220 on the hourly chart of the BTC\/USD pair (data feed from Kraken).
\nThe pair could start a fresh surge if there is a close above the $35,000 resistance zone.<\/p>\n

Bitcoin Price Eyes More Gains<\/h2>\n

Bitcoin price corrected gains from the $35,000 resistance zone<\/a>. BTC declined below the $34,200 and $34,000 levels. However, the bulls were active above the $33,200 level.<\/p>\n

A low was formed near $33,250 and the price recently started a fresh increase. There was a clear move above the $34,000 resistance zone. The price climbed above the 50% Fib retracement level of the downward move from the $35,225 swing high to the $33,250 low.<\/p>\n

Bitcoin is now trading above $34,000 and the 100 hourly Simple moving average<\/a>. There is also a major bullish trend line forming with support near $34,220 on the hourly chart of the BTC\/USD pair.<\/p>\n

On the upside, immediate resistance is near the $34,750 level or the 76.4% Fib retracement level of the downward move from the $35,225 swing high to the $33,250 low. The next key resistance could be near $35,000. The main resistance is now forming near the $35,200 zone.<\/p>\n

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

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

A clear move above the $35,200 barrier might start another surge. The next key resistance could be $36,500. Any more gains might send BTC toward the $38,000 level in the coming days.<\/p>\n

Another Decline In BTC?<\/h2>\n

If Bitcoin fails to rise above the $35,000 resistance zone, it could start another decline. Immediate support on the downside is near the $34,200 level and the trend line.<\/p>\n

The next major support is near the $33,250 level. If there is a move below the $33,250 support, there is a risk of more downsides. In the stated case, the price could decline toward the $31,500 level in the coming sessions.<\/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 $34,200, followed by $33,250.<\/p>\n

Major Resistance Levels \u2013 $34,750, $35,000, and $35,200.<\/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-31472","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\/31472","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=31472"}],"version-history":[{"count":0,"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/posts\/31472\/revisions"}],"wp:attachment":[{"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/media?parent=31472"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/categories?post=31472"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/tags?post=31472"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}