{"id":24766,"date":"2023-06-27T11:10:38","date_gmt":"2023-06-27T11:10:38","guid":{"rendered":"https:\/\/freakcryptos.com\/index.php\/2023\/06\/27\/bitcoin-price-aims-higher-but-100-sma-is-the-key\/"},"modified":"2023-06-27T11:10:38","modified_gmt":"2023-06-27T11:10:38","slug":"bitcoin-price-aims-higher-but-100-sma-is-the-key","status":"publish","type":"post","link":"https:\/\/freakcryptos.com\/index.php\/2023\/06\/27\/bitcoin-price-aims-higher-but-100-sma-is-the-key\/","title":{"rendered":"Bitcoin Price Aims Higher But 100 SMA Is The Key"},"content":{"rendered":"<p> <br \/>\n<\/p>\n<div>\n<p><em>Bitcoin worth is making an attempt a contemporary improve from the $30,000 zone. BTC may achieve bullish momentum if it clears $30,500 and the 100 hourly SMA.<\/em><\/p>\n<ul>\n<li>Bitcoin is holding beneficial properties above the $30,000 assist zone.<\/li>\n<li>The worth is buying and selling under $30,500 and the 100 hourly Simple transferring common.<\/li>\n<li>There is a key bearish development line forming with resistance close to $30,500 on the hourly chart of the BTC\/USD pair (information feed from Kraken).<\/li>\n<li>The pair may begin a contemporary improve if it clears $30,500 and the 100 hourly SMA.<\/li>\n<\/ul>\n<h2>Bitcoin Price Holds Key Support<\/h2>\n<p>Bitcoin worth began a draw back correction under the <a href=\"https:\/\/www.newsbtc.com\/analysis\/btc\/bitcoin-price-correction-29200\/?swcfpc=1\" target=\"_blank\" rel=\"noopener\">$30,500 support<\/a>. BTC even spiked under the $30,000 assist zone however the downsides had been restricted.<\/p>\n<p>A low is fashioned close to $29,914 and the worth is now slowly transferring larger. It traded above the 23.6% Fib retracement degree of the latest draw back correction from the $31,435 swing excessive to the $29,914 low. It is now buying and selling above the $30,250 degree.<\/p>\n<p>Bitcoin worth appears to be dealing with resistance close to $30,500 and the <a href=\"https:\/\/www.newsbtc.com\/analysis\/btc\/bitcoin-price-rally-pauses-30800\/?swcfpc=1\" target=\"_blank\" rel=\"noopener\">100 hourly Simple moving average<\/a>. There can also be a key bearish development line forming with resistance close to $30,500 on the hourly chart of the BTC\/USD pair, above which the bulls would possibly try a contemporary improve within the coming periods.<\/p>\n<p>The first main resistance is close to the $30,850 degree. It is near the 61.8% Fib retracement degree of the latest draw back correction from the $31,435 swing excessive to the $29,914 low, above which the worth would possibly revisit the $31,400 resistance zone.<\/p>\n<p><img decoding=\"async\" loading=\"lazy\" class=\"alignnone size-full wp-image-539836\" src=\"https:\/\/www.newsbtc.com\/wp-content\/uploads\/2023\/06\/Bitcoin-18.png\" alt=\"Bitcoin Price\" width=\"1835\" height=\"845\" srcset=\"https:\/\/www.newsbtc.com\/wp-content\/uploads\/2023\/06\/Bitcoin-18.png 1835w, https:\/\/www.newsbtc.com\/wp-content\/uploads\/2023\/06\/Bitcoin-18-460x212.png 460w, https:\/\/www.newsbtc.com\/wp-content\/uploads\/2023\/06\/Bitcoin-18-860x396.png 860w, https:\/\/www.newsbtc.com\/wp-content\/uploads\/2023\/06\/Bitcoin-18-768x354.png 768w, https:\/\/www.newsbtc.com\/wp-content\/uploads\/2023\/06\/Bitcoin-18-1536x707.png 1536w, https:\/\/www.newsbtc.com\/wp-content\/uploads\/2023\/06\/Bitcoin-18-750x345.png 750w, https:\/\/www.newsbtc.com\/wp-content\/uploads\/2023\/06\/Bitcoin-18-1140x525.png 1140w\" sizes=\"auto, (max-width: 1835px) 100vw, 1835px\"\/><\/p>\n<p>Source: <a href=\"https:\/\/www.tradingview.com\/symbols\/BTCUSD\/\" target=\"_blank\" rel=\"noopener\">BTCUSD on TradingView.com<\/a><\/p>\n<p>The subsequent main resistance is close to the $32,000 degree. An in depth above the $32,000 resistance would possibly ship BTC towards $32,500. Any extra beneficial properties may ship the worth towards the $33,200 resistance zone.<\/p>\n<h2>More Losses in BTC?<\/h2>\n<p>If Bitcoin\u2019s worth fails to clear the $30,500 resistance, it may proceed to maneuver down. Immediate assist on the draw back is close to the $30,000 degree or the $29,914 low.<\/p>\n<p>The subsequent main assist is close to the $29,550 degree, under which there may very well be a drop towards the $29,200 assist. Any extra losses would possibly ship the worth towards $28,500 within the close to time period.<\/p>\n<p>Technical indicators:<\/p>\n<p>Hourly MACD \u2013 The MACD is now gaining tempo within the bullish zone.<\/p>\n<p>Hourly RSI (Relative Strength Index) \u2013 The RSI for BTC\/USD is above the 50 degree.<\/p>\n<p>Major Support Levels \u2013 $30,000, adopted by $29,550.<\/p>\n<p>Major Resistance Levels \u2013 $30,500, $30,850, and $31,400.<\/p>\n<\/div>\n<p><br \/>\n<br \/><a href=\"https:\/\/www.newsbtc.com\/analysis\/btc\/bitcoin-price-aims-higher-30500\/\">Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Bitcoin worth is making an attempt a contemporary improve from the $30,000 zone. BTC may achieve bullish momentum if it clears $30,500 and the 100 hourly SMA. Bitcoin is holding beneficial properties above the $30,000 assist zone. The worth is buying and selling under $30,500 and the 100 hourly Simple transferring common. There is a [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":24768,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[1048,20,1413,336,110,1577],"class_list":{"0":"post-24766","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-market","8":"tag-aims","9":"tag-bitcoin","10":"tag-higher","11":"tag-key","12":"tag-price","13":"tag-sma"},"_links":{"self":[{"href":"https:\/\/freakcryptos.com\/index.php\/wp-json\/wp\/v2\/posts\/24766","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/freakcryptos.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/freakcryptos.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/freakcryptos.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/freakcryptos.com\/index.php\/wp-json\/wp\/v2\/comments?post=24766"}],"version-history":[{"count":1,"href":"https:\/\/freakcryptos.com\/index.php\/wp-json\/wp\/v2\/posts\/24766\/revisions"}],"predecessor-version":[{"id":24767,"href":"https:\/\/freakcryptos.com\/index.php\/wp-json\/wp\/v2\/posts\/24766\/revisions\/24767"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/freakcryptos.com\/index.php\/wp-json\/wp\/v2\/media\/24768"}],"wp:attachment":[{"href":"https:\/\/freakcryptos.com\/index.php\/wp-json\/wp\/v2\/media?parent=24766"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/freakcryptos.com\/index.php\/wp-json\/wp\/v2\/categories?post=24766"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/freakcryptos.com\/index.php\/wp-json\/wp\/v2\/tags?post=24766"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}