Bitcoin Price Uptrend Holds: Steady Climb Toward New Highs

Name	Symbol	Market	Market Cap ($)	Algorithm
Bitcoin	BTCUSD	Crypto	1,941,461,744,228	SHA-256d

Name

Symbol

Market

Market Cap ($)

Algorithm

Bitcoin

BTCUSD

Crypto

1,941,461,744,228

SHA-256d

	Price Change	Price Change %	Current Price	Bid Price	Offer
	1,677.22	1.74%	98,298.39	98,298.36	98,298.38

Price Change

Price Change %

Current Price

Bid Price

Offer

1,677.22

1.74%

98,298.39

98,298.36

98,298.38

High Price	Low Price	Open Price	Prev. Close	52 Week Range
98,496.02	96,488.98	96,620.48	96,621.17	42,516.07 - 109,356.00

High Price

Low Price

Open Price

Prev. Close

52 Week Range

98,496.02

96,488.98

96,620.48

96,621.17

42,516.07 - 109,356.00

Exchange	Last Trade	Size	Trade Price	Currency
GDAX	08:01:18	0.00000010	98,298.39	USD

Exchange

Last Trade

Size

Trade Price

Currency

GDAX

08:01:18

0.00000010

98,298.39

USD

Price x Volume	Volume	Base Symbol	Related Pairs
194,527,167.77	1,995.29	BTC	BTCEUR	BTCGBP	ETHBTC

Price x Volume

Volume

Base Symbol

Related Pairs

194,527,167.77

1,995.29

Bitcoin Price Uptrend Holds: Steady Climb Toward New Highs

21/11/2024 2:41am

NEWSBTC

Bitcoin price is rising steadily above the $92,000 zone. BTC is showing positive signs and might continue to rise above the $95,000 level. Bitcoin started a fresh increase above the $92,000 zone. The price is trading above $92,000 and the 100 hourly Simple moving average. There is a connecting bullish trend line forming with support at $93,800 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could continue to rise if it clears the $95,000 resistance zone. Bitcoin Price Sets Another ATH Bitcoin price remained supported above the $91,000 level. BTC formed a base and started a fresh increase above the $92,000 level. It cleared the $94,000 level and traded to a new high at $94,980 before there was a pullback. There was a move below the $94,200 level. The price dipped below the 23.6% Fib retracement level of the upward move from the $91,500 swing low to the $94,980 high. However, the price is stable and consolidating near the $94,200 level. Bitcoin price is now trading above $93,000 and the 100 hourly Simple moving average. There is also a connecting bullish trend line forming with support at $93,800 on the hourly chart of the BTC/USD pair. On the upside, the price could face resistance near the $94,800 level. The first key resistance is near the $95,000 level. A clear move above the $95,000 resistance might send the price higher. The next key resistance could be $98,000. A close above the $98,000 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 resistance level. Another Downside Correction In BTC? If Bitcoin fails to rise above the $95,000 resistance zone, it could start a downside correction. Immediate support on the downside is near the $93,700 level. The first major support is near the $92,800 level or the 61.8% Fib retracement level of the upward move from the $91,500 swing low to the $94,980 high. The next support is now near the $91,500 zone. Any more losses might send the price toward the $90,000 support in the near term. Technical indicators: Hourly MACD – The MACD is now gaining pace in the bullish zone. Hourly RSI (Relative Strength Index) – The RSI for BTC/USD is now above the 50 level. Major Support Levels – $93,800, followed by $92,800. Major Resistance Levels – $94,800, and $95,000.

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