Bitcoin Revisits Breakout Zone, Kann Bulls et maachen?

Bitcoin started a fresh increase above the $42,500 resistance against the US Dollar. BTC may soon attempt an upside break above the $43,500 resistance zone.

• Bitcoin remained supported near $42,000 and started a fresh increase.
• De Präis handelt iwwer $ 42,500 an den 100 Stonne einfache bewegende Moyenne.
• Et gëtt eng grouss bullish Trendlinn mat Forming bei der Géigend vun $ 42,300 op der Stonnekaart vum BTC / USD Pair (Datafeed vu Kraken).
• De Pair kéint méi héich beschleunegen wann et eng kloer Beweegung iwwer d'$43,300 Resistenzzone gëtt.

Bitcoin Präis Eyes Upside Break

Bitcoin Präis fonnt Ënnerstëtzung no bei der $42,000 Zone no engem niddreg Korrektur. BTC huet eng Basis geformt an huet eng frësch Erhéijung iwwer d'$42,500 Resistenzzone ugefaang.

There was a clear move above the $42,800 level and the price settled above the 100 Stonn einfach bewegt Duerchschnëtt. The price even spike above the $43,000 level and formed a high near $43,288. It is now consolidating near the $43,000 level.

There was a move below the 23.6% Fib retracement level of the recent wave from the $41,811 swing low to $43,288 high. Besides, there is a major bullish trend line forming with support near $42,300 on the hourly chart of the BTC/USD pair.

Op der Säit steet de Präis géint Resistenz no bei der $43,300 Niveau. Déi nächst grouss Resistenz kéint no bei der $43,500 Zone sinn. Eng erfollegräich Paus a Schließung iwwer dem $43,500 Niveau kéint eng aner stänneg Erhéijung starten.

Source: BTCUSD op TradingView.com

In the stated case, the price might rise towards the $44,200 level. Any more gains could send the price towards the $45,000 level in the near term.

Dips Limited am BTC?

Wann bitcoin net fäerdeg ass d'$43,500 Resistenzzone ze läschen, kann et weider méi niddereg korrigéieren. Eng direkt Ënnerstëtzung um Downside ass no bei der $42,500 Zone.

The next major support is seen near the trend line and $42,300. It is near the 61.8% Fib retracement level of the recent wave from the $41,811 swing low to $43,288 high. The main support is still near the $42,000 zone. A downside break below the $42,000 support zone could start a drop towards the $40,500 level.

Technesch Indikatiounen:

Hourly MACD - De MACD gewënnt elo Tempo an der bullish Zone.

All Stonn RSI (Relative Strength Index) - De RSI fir BTC / USD ass elo iwwer dem 50 Niveau.

Major Support Levels - $ 42,500, gefollegt vun $ 42,000.

Major Resistenzniveauen - $ 43,300, $ 43,400 an $ 44,200.