{"id":12174,"date":"2024-11-29T02:35:39","date_gmt":"2024-11-29T02:35:39","guid":{"rendered":"https:\/\/cryptd.in\/bitcoin-price-poised-for-another-rise-the-next-move-awaits\/"},"modified":"2024-11-29T02:35:39","modified_gmt":"2024-11-29T02:35:39","slug":"bitcoin-price-poised-for-another-rise-the-next-move-awaits","status":"publish","type":"post","link":"https:\/\/cryptd.in\/et\/bitcoin-price-poised-for-another-rise-the-next-move-awaits\/","title":{"rendered":"Bitcoin Price Poised for Another Rise: The Next Move Awaits"},"content":{"rendered":"<p><em>Bitcoin price is recovering higher above the $95,000 level. BTC is showing positive signs and aims for a fresh increase above the $98,000 level.<\/em><\/p>\n<ul>\n<li>Bitcoin started a fresh increase above the $95,000 zone.<\/li>\n<li>The price is trading above $95,500 and the 100 hourly Simple moving average.<\/li>\n<li>There was a break above a short-term contracting triangle with resistance at $95,500 on the hourly chart of the BTC\/USD pair (data feed from Kraken).<\/li>\n<li>The pair could gain bullish momentum if it clears the $97,000 resistance zone.<\/li>\n<\/ul>\n<h2>Bitcoin Price Eyes More Upsides<\/h2>\n<p>Bitcoin price remained stable above the <a href=\"https:\/\/www.newsbtc.com\/analysis\/btc\/bitcoin-price-bounces-back-95k\/\" target=\"_blank\" rel=\"noopener \">$93,500 zone<\/a>. BTC formed a base and started a fresh increase above the $94,500 resistance zone. The bulls were able to push the price above the $95,500 resistance zone.<\/p>\n<p>There was a break above a short-term contracting triangle with resistance at $95,500 on the hourly chart of the BTC\/USD pair. The pair climbed above the 61.8% Fib retracement level of the downward wave from the $98,880 swing high to the $90,735 low.<\/p>\n<p>Bitcoin price is now trading above $95,500 and the <a href=\"https:\/\/www.newsbtc.com\/analysis\/btc\/bitcoin-price-corrects-to-90k\/\" target=\"_blank\" rel=\"noopener \">100 hourly Simple moving average<\/a>. On the upside, the price could face resistance near the $97,000 level. It is near the 76.4% Fib retracement level of the downward wave from the $98,880 swing high to the $90,735 low.<\/p>\n<p><a href=\"https:\/\/www.newsbtc.com\/wp-content\/uploads\/2024\/11\/Bitcoin_c876af.png\"><img decoding=\"async\" data-recalc-dims=\"1\" class=\"wp-image-655521 size-full\" src=\"https:\/\/www.newsbtc.com\/wp-content\/uploads\/2024\/11\/Bitcoin_c876af.png?resize=1024%2C478\" alt=\"Bitcoin Price\" width=\"1024\" height=\"478\" loading=\"lazy\" \/><\/a><\/p>\n<p>The first key resistance is near the $98,500 level. A clear move above the $98,500 resistance might send the price higher. The next key resistance could be $98,800. A close above the $98,800 resistance might initiate more gains. In the stated case, the price could rise and test the $100,000 resistance level. Any more gains might send the price toward the $102,000 level.<\/p>\n<h2>Another Decline In BTC?<\/h2>\n<p>If Bitcoin fails to rise above the $97,000 resistance zone, it could start another downside correction. Immediate support on the downside is near the $95,500 level.<\/p>\n<p>The first major support is near the $94,500 level. The next support is now near the $93,200 zone. Any more losses might send the price toward the $91,500 support in the near term.<\/p>\n<p>Technical indicators:<\/p>\n<p>Hourly MACD \u2013 The MACD is now gaining pace in the bullish zone.<\/p>\n<p>Hourly RSI (Relative Strength Index) \u2013 The RSI for BTC\/USD is now above the 50 level.<\/p>\n<p>Major Support Levels \u2013 $95,500, followed by $94,500.<\/p>\n<p>Major Resistance Levels \u2013 $97,000, and $98,800.<\/p>","protected":false},"excerpt":{"rendered":"<p>Bitcoin price is recovering higher above the $95,000 level. BTC is showing positive signs and aims for a fresh increase above the $98,000 level. Bitcoin started a fresh increase above the $95,000 zone. The price is trading above $95,500 and the 100 hourly Simple moving average. There was a break above a short-term contracting triangle [&hellip;]<\/p>\n","protected":false},"author":0,"featured_media":12175,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-12174","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-feeds"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.7 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Bitcoin Price Poised for Another Rise: The Next Move Awaits - cryptd.in<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/cryptd.in\/et\/bitcoin-price-poised-for-another-rise-the-next-move-awaits\/\" \/>\n<meta property=\"og:locale\" content=\"et_EE\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Bitcoin Price Poised for Another Rise: The Next Move Awaits - cryptd.in\" \/>\n<meta property=\"og:description\" content=\"Bitcoin price is recovering higher above the $95,000 level. BTC is showing positive signs and aims for a fresh increase above the $98,000 level. Bitcoin started a fresh increase above the $95,000 zone. The price is trading above $95,500 and the 100 hourly Simple moving average. 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