Bitcoin price gained further momentum and traded to a new all-time high near $42,000 against the US Dollar. BTC is currently consolidating gains and it could surge towards $45K and $50K.
- Bitcoin is trading in a strong uptrend above the $36,000 и $40,000 уровни поддержки.
- The price is consolidating above $40,000, and it is well above the 100 простая скользящая средняя (4-часы).
- There is a key contracting triangle forming with resistance near $41,200 on the 4-hours chart of the BTC/USD pair (data feed from Kraken).
- The pair is likely to continue higher towards the $44,000 и $45,000 levels in the near term.
Bitcoin Price Sets New ATH
In the past few days, there were additional gains in bitcoin price above the $35,000 resistance against the US Dollar. The BTC/USD pair broke many major hurdles near $36,000 и $38,000 to continue higher.
It even surged above the $40,000 level and settled well above the 100 простая скользящая средняя (4-часы). Bitcoin traded to a new all-time high at $42,068 before it started consolidating gains. There was a minor decline below $41,000 уровень.
The price even tested the $40,000 уровень. тем не мение, the bulls were able to protect the 23.6% Уровень коррекции Фибоначчи недавнего повышения от $29,995 swing low to $42,068 высоко.
Источник: BTCUSD на TradingView.com
It seems like there is a key contracting triangle forming with resistance near $41,200 on the 4-hours chart of the BTC/USD pair. If there is an upside break above the triangle resistance and $41,500, the price is likely to resume its upward move.
An initial resistance is near the $42,068 высоко, above which the price is likely to gain 5%-8%. In the stated cases, в $45,000 level could be an easy target for the bulls. Any more gains might open the doors for a push towards the $50,000 зона.
Dips Supported in BTC?
If bitcoin fails to continue high above the triangle resistance, there is a risk of a downside break below $40,000. Первая крупная поддержка находится рядом с $39,200.
A clear close below the $39,200 support may possibly lead the price towards the next major support at $36,000. Это близко к 50% Уровень коррекции Фибоначчи недавнего повышения от $29,995 swing low to $42,068 высоко.
Technical indicators
4 hours MACD – The MACD for BTC/USD is gaining momentum in the bullish zone.
4 часы RSI (Индекс относительной силы) – The RSI for BTC/USD is still well above the 60 уровень.
Основной уровень поддержки - $39,200
Основной уровень сопротивления - $41,200
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Источник: Newsbtc