Bitcoin is moving in a positive zone above the $22,000 resistance against the US Dollar. BTC could climb higher if there is a clear move above the $22,500 resistance.<\/p>\n
Bitcoin settled above the $21,500 and $22,000 resistance levels.
\nThe price is now trading above $22,000 and the 100 hourly simple moving average.
\nThere is a major bullish trend lien forming with support near $21,800 on the hourly chart of the BTC\/USD pair (data feed from Kraken).
\nThe pair is consolidating gains and might eye a fresh surge above the $22,500 resistance.<\/p>\n
Bitcoin Price Eyes More Upsides<\/p>\n
Bitcoin price gained pace for a clear move above the $21,500 and $22,000 resistance levels<\/a>. The price even settled above the $22,000 resistance zone and the 100 hourly simple moving average.<\/p>\n Recently, it made an attempt to clear the $22,500 resistance zone. A high was formed near $22,473 before the price started a downside correction. There was a move below the $22,200 level. The price traded below the 23.6% Fib retracement level of the upward move from the $21,180 swing low to $22,473 high.<\/p>\n Bitcoin price is now trading above $22,000 and the 100 hourly simple moving average<\/a>. There is also a major bullish trend lien forming with support near $21,800 on the hourly chart of the BTC\/USD pair.<\/p>\n <\/a><\/p>\n Source: BTCUSD on TradingView.com<\/a><\/p>\n On the upside, an immediate resistance is near the $22,450 level. The next major resistance sits near the $22,500 level. A close above the $22,500 resistance might start a fresh surge. In the stated case, the price may perhaps rise towards $23,200. Any more gains might send the price towards the $24,000 resistance zone.<\/p>\n Dips Limited in BTC?<\/p>\n If bitcoin fails to clear the $22,500 resistance zone, it could start a downside correction. An immediate support on the downside is near the $22,000 zone.<\/p>\n The next major support is near the trend line and $21,800. It is near 50% Fib retracement level of the upward move from the $21,180 swing low to $22,473 high. The first major support is now forming near the $21,500 level. A downside break below the $21,500 level might send the price towards the $21,000 support.<\/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 $21,800, followed by $21,500.<\/p>\n Major Resistance Levels \u2013 $22,450, $22,500 and $23,200.<\/p>","protected":false},"excerpt":{"rendered":" <\/p>\n Bitcoin is moving in a positive zone above the $22,000 resistance against the US Dollar. BTC could climb higher if there is a clear move above the $22,500 resistance.<\/p>\n Bitcoin settled above the $21,500 and $22,000 resistance levels. Bitcoin Price Eyes More Upsides<\/p>\n Bitcoin price gained pace for a clear move above the $21,500 and $22,000 resistance levels<\/a>. The price even settled above the $22,000 resistance zone and the 100 hourly simple moving average.<\/p>\n Recently, it made an attempt to clear the $22,500 resistance zone. A high was formed near $22,473 before the price started a downside correction. There was a move below the $22,200 level. The price traded below the 23.6% Fib retracement level of the upward move from the $21,180 swing low to $22,473 high.<\/p>\n Bitcoin price is now trading above $22,000 and the 100 hourly simple moving average<\/a>. There is also a major bullish trend lien forming with support near $21,800 on the hourly chart of the BTC\/USD pair.<\/p>\n
\nThe price is now trading above $22,000 and the 100 hourly simple moving average.
\nThere is a major bullish trend lien forming with support near $21,800 on the hourly chart of the BTC\/USD pair (data feed from Kraken).
\nThe pair is consolidating gains and might eye a fresh surge above the $22,500 resistance.<\/p>\n
![<\/a><\/p>\nSource: BTCUSD on TradingView.com<\/a><\/p>\nOn the upside, an immediate resistance is near the $22,450 level. The next major resistance sits near the $22,500 level. A close above the $22,500 resistance might start a fresh surge. In the stated case, the price may perhaps rise towards $23,200. Any more gains might send the price towards the $24,000 resistance zone.<\/p>\nDips Limited in BTC?<\/p>\nIf bitcoin fails to clear the $22,500 resistance zone, it could start a downside correction. An immediate support on the downside is near the $22,000 zone.<\/p>\nThe next major support is near the trend line and $21,800. It is near 50% Fib retracement level of the upward move from the $21,180 swing low to $22,473 high. The first major support is now forming near the $21,500 level. A downside break below the $21,500 level might send the price towards the $21,000 support.<\/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 $21,800, followed by $21,500.<\/p>\nMajor Resistance Levels \u2013 $22,450, $22,500 and $23,200.<\/p>","protected":false},"excerpt":{"rendered":"<\/p>\nBitcoin is moving in a positive zone above the $22,000 resistance against the US Dollar. BTC could climb higher if there is a clear move above the $22,500 resistance.<\/p>\nBitcoin settled above the $21,500 and $22,000 resistance levels.\nThe price is now trading above $22,000 and the 100 hourly simple moving average.\nThere is a major bullish trend lien forming with support near $21,800 on the hourly chart of the BTC\/USD pair (data feed from Kraken).\nThe pair is consolidating gains and might eye a fresh surge above the $22,500 resistance.<\/p>\nBitcoin Price Eyes More Upsides<\/p>\nBitcoin price gained pace for a clear move above the $21,500 and $22,000 resistance levels<\/a>. The price even settled above the $22,000 resistance zone and the 100 hourly simple moving average.<\/p>\nRecently, it made an attempt to clear the $22,500 resistance zone. A high was formed near $22,473 before the price started a downside correction. There was a move below the $22,200 level. The price traded below the 23.6% Fib retracement level of the upward move from the $21,180 swing low to $22,473 high.<\/p>\nBitcoin price is now trading above $22,000 and the 100 hourly simple moving average<\/a>. There is also a major bullish trend lien forming with support near $21,800 on the hourly chart of the BTC\/USD pair.<\/p>\n<\/a><\/p>\nSource: BTCUSD on TradingView.com<\/a><\/p>\nOn the upside, an immediate resistance is near the $22,450 level. The next major resistance sits near the $22,500 level. A close above the $22,500 resistance might start a fresh surge. In the stated case, the price may perhaps rise towards $23,200. Any more gains might send the price towards the $24,000 resistance zone.<\/p>\nDips Limited in BTC?<\/p>\nIf bitcoin fails to clear the $22,500 resistance zone, it could start a downside correction. An immediate support on the downside is near the $22,000 zone.<\/p>\nThe next major support is near the trend line and $21,800. It is near 50% Fib retracement level of the upward move from the $21,180 swing low to $22,473 high. The first major support is now forming near the $21,500 level. A downside break below the $21,500 level might send the price towards the $21,000 support.<\/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 $21,800, followed by $21,500.<\/p>\nMajor Resistance Levels \u2013 $22,450, $22,500 and $23,200.<\/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-7509","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\/7509","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=7509"}],"version-history":[{"count":0,"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/posts\/7509\/revisions"}],"wp:attachment":[{"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/media?parent=7509"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/categories?post=7509"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/tags?post=7509"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}](\"https:\/\/www.newsbtc.com\/wp-content\/uploads\/2022\/09\/Bitcoin-12.png\"){kind=link}