Bitcoin is gaining pace above the $19,500 resistance against the US Dollar. BTC could rise further above $20,000 if it stays above the $19,000 support.<\/p>\n
Bitcoin started a decent increase and was able to clear the $19,500 resistance zone.
\nThe price is trading above $19,000 and the 100 hourly simple moving average.
\nThere was a break above a connecting bearish trend line with resistance near $19,220 on the hourly chart of the BTC\/USD pair (data feed from Kraken).
\nThe pair could stage a strong increase if it clears the $20,000 resistance zone.<\/p>\n
Bitcoin Price Breaks Hurdle<\/p>\n
Bitcoin price remained well bid above the $19,000 support zone<\/a>. The crypto market was able to recover and BTC climbed higher above the $19,200 resistance zone.<\/p>\n There was a clear move above a connecting bearish trend line with resistance near $19,220 on the hourly chart of the BTC\/USD pair. The pair even surpassed a major resistance zone near the $19,500 level to move into a positive zone.<\/p>\n Bitcoin price is now trading above $19,000 and the 100 hourly simple moving average<\/a>. It traded as high as $19,863 and is currently consolidating gains.<\/p>\n It is trading well above the 23.6% Fib retracement level of the recent increase from the $18,645 swing low to $19,863 high. On the upside, an immediate resistance is near the $19,850 level. The next major resistance sits near the $20,000 zone.<\/p>\n <\/a><\/p>\n Source: BTCUSD on TradingView.com<\/a><\/p>\n A close above the $20,000 level might push the price further into a bullish zone. In the stated case, the price could rise towards $20,500. Any more gains might lead the price higher towards the $21,000 resistance zone.<\/p>\n Dips Supported in BTC?<\/p>\n If bitcoin fails to rise above the $20,000 resistance zone, it could correct lower. An immediate support on the downside is near the $19,550 zone.<\/p>\n The next major support is near the $19,250 zone. It is near the 50% Fib retracement level of the recent increase from the $18,645 swing low to $19,863 high. The main support sits near the $19,000 level, below which the price might move into a bearish zone.<\/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 $19,550, followed by $19,000.<\/p>\n Major Resistance Levels \u2013 $19,850, $20,000 and $20,500.<\/p>","protected":false},"excerpt":{"rendered":" <\/p>\n Bitcoin is gaining pace above the $19,500 resistance against the US Dollar. BTC could rise further above $20,000 if it stays above the $19,000 support.<\/p>\n Bitcoin started a decent increase and was able to clear the $19,500 resistance zone. Bitcoin Price Breaks Hurdle<\/p>\n Bitcoin price remained well bid above the $19,000 support zone<\/a>. The crypto market was able to recover and BTC climbed higher above the $19,200 resistance zone.<\/p>\n There was a clear move above a connecting bearish trend line with resistance near $19,220 on the hourly chart of the BTC\/USD pair. The pair even surpassed a major resistance zone near the $19,500 level to move into a positive zone.<\/p>\n Bitcoin price is now trading above $19,000 and the 100 hourly simple moving average<\/a>. It traded as high as $19,863 and is currently consolidating gains.<\/p>\n It is trading well above the 23.6% Fib retracement level of the recent increase from the $18,645 swing low to $19,863 high. On the upside, an immediate resistance is near the $19,850 level. The next major resistance sits near the $20,000 zone.<\/p>\n
\nThe price is trading above $19,000 and the 100 hourly simple moving average.
\nThere was a break above a connecting bearish trend line with resistance near $19,220 on the hourly chart of the BTC\/USD pair (data feed from Kraken).
\nThe pair could stage a strong increase if it clears the $20,000 resistance zone.<\/p>\n
![<\/a><\/p>\nSource: BTCUSD on TradingView.com<\/a><\/p>\nA close above the $20,000 level might push the price further into a bullish zone. In the stated case, the price could rise towards $20,500. Any more gains might lead the price higher towards the $21,000 resistance zone.<\/p>\nDips Supported in BTC?<\/p>\nIf bitcoin fails to rise above the $20,000 resistance zone, it could correct lower. An immediate support on the downside is near the $19,550 zone.<\/p>\nThe next major support is near the $19,250 zone. It is near the 50% Fib retracement level of the recent increase from the $18,645 swing low to $19,863 high. The main support sits near the $19,000 level, below which the price might move into a bearish zone.<\/p>\nTechnical indicators:<\/p>\nHourly MACD \u2013 The MACD is now gaining 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 $19,550, followed by $19,000.<\/p>\nMajor Resistance Levels \u2013 $19,850, $20,000 and $20,500.<\/p>","protected":false},"excerpt":{"rendered":"<\/p>\nBitcoin is gaining pace above the $19,500 resistance against the US Dollar. BTC could rise further above $20,000 if it stays above the $19,000 support.<\/p>\nBitcoin started a decent increase and was able to clear the $19,500 resistance zone.\nThe price is trading above $19,000 and the 100 hourly simple moving average.\nThere was a break above a connecting bearish trend line with resistance near $19,220 on the hourly chart of the BTC\/USD pair (data feed from Kraken).\nThe pair could stage a strong increase if it clears the $20,000 resistance zone.<\/p>\nBitcoin Price Breaks Hurdle<\/p>\nBitcoin price remained well bid above the $19,000 support zone<\/a>. The crypto market was able to recover and BTC climbed higher above the $19,200 resistance zone.<\/p>\nThere was a clear move above a connecting bearish trend line with resistance near $19,220 on the hourly chart of the BTC\/USD pair. The pair even surpassed a major resistance zone near the $19,500 level to move into a positive zone.<\/p>\nBitcoin price is now trading above $19,000 and the 100 hourly simple moving average<\/a>. It traded as high as $19,863 and is currently consolidating gains.<\/p>\nIt is trading well above the 23.6% Fib retracement level of the recent increase from the $18,645 swing low to $19,863 high. On the upside, an immediate resistance is near the $19,850 level. The next major resistance sits near the $20,000 zone.<\/p>\n<\/a><\/p>\nSource: BTCUSD on TradingView.com<\/a><\/p>\nA close above the $20,000 level might push the price further into a bullish zone. In the stated case, the price could rise towards $20,500. Any more gains might lead the price higher towards the $21,000 resistance zone.<\/p>\nDips Supported in BTC?<\/p>\nIf bitcoin fails to rise above the $20,000 resistance zone, it could correct lower. An immediate support on the downside is near the $19,550 zone.<\/p>\nThe next major support is near the $19,250 zone. It is near the 50% Fib retracement level of the recent increase from the $18,645 swing low to $19,863 high. The main support sits near the $19,000 level, below which the price might move into a bearish zone.<\/p>\nTechnical indicators:<\/p>\nHourly MACD \u2013 The MACD is now gaining 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 $19,550, followed by $19,000.<\/p>\nMajor Resistance Levels \u2013 $19,850, $20,000 and $20,500.<\/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-8524","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\/8524","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=8524"}],"version-history":[{"count":0,"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/posts\/8524\/revisions"}],"wp:attachment":[{"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/media?parent=8524"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/categories?post=8524"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/tags?post=8524"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}](\"https:\/\/www.newsbtc.com\/wp-content\/uploads\/2022\/09\/Bitcoin-26.png\"){kind=link}