Bitcoin Price Surges Past $18K and Now The Bulls Could Aim $19K

Name	Symbol	Market	Market Cap ($)	Algorithm
Ethereum	ETHUSD	Crypto	352,174,071,812	Not Mineable

Name

Symbol

Market

Market Cap ($)

Algorithm

Ethereum

ETHUSD

Crypto

352,174,071,812

Not Mineable

	Price Change	Price Change %	Current Price	Bid Price	Offer
	-43.74	-1.47%	2,925.60	2,925.46	2,925.63

Price Change

Price Change %

Current Price

Bid Price

Offer

-43.74

-1.47%

2,925.60

2,925.46

2,925.63

High Price	Low Price	Open Price	Prev. Close	52 Week Range
2,978.02	2,890.28	2,971.46	2,969.34	1,520.85 - 4,093.88

High Price

Low Price

Open Price

Prev. Close

52 Week Range

2,978.02

2,890.28

2,971.46

2,969.34

1,520.85 - 4,093.88

Exchange	Last Trade	Size	Trade Price	Currency
GDAX	04:35:05	0.003418	2,925.54	USD

Exchange

Last Trade

Size

Trade Price

Currency

GDAX

04:35:05

0.003418

2,925.54

USD

Price x Volume	Volume	Base Symbol	Related Pairs
35,633,227.46	12,190.64	ETH	ETHEUR	ETHGBP	ETHBTC

Price x Volume

Volume

Base Symbol

Related Pairs

35,633,227.46

12,190.64

Bitcoin Price Surges Past $18K and Now The Bulls Could Aim $19K

12/01/2023 3:18am

NEWSBTC

Bitcoin price extended its increase and surged above $18,000. BTC is gaining pace and might rise towards the $19,000 resistance zone. Bitcoin extended its rise above the $17,500 and $18,000 resistance levels. The price is trading above $18,000 and the 100 hourly simple moving average. There is a key bullish trend line forming with support near $17,400 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could continue to move up towards the $19,000 resistance zone. Bitcoin Price Rallies 5% Bitcoin price gained pace after there was a close above the $17,000 pivot zone. BTC accelerated higher above the $17,250 resistance zone to move into a positive zone, similar to ethereum. The price climbed above the $17,500 resistance zone to start a strong increase. The bulls even pumped the price above the $18,000 resistance zone. A high was formed near $18,367 and the price is now consolidating gains. Bitcoin price is trading above $18,000 and the 100 hourly simple moving average. There is also a key bullish trend line forming with support near $17,400 on the hourly chart of the BTC/USD pair. It is also well above the 23.6% Fib retracement level of the recent surge from the $17,308 swing low to $18,367 high. Source: BTCUSD on TradingView.com On the upside, an immediate resistance is near the $18,350 level. The next major resistance is near the $18,500 zone, above which the price might continue to move up. In the stated case, the price may perhaps rise towards the $19,200 level. Any more gains might send btc price towards the $20,000 level. Dips Attractive in BTC? If bitcoin price fails to clear the $18,350 resistance, it could start a downside correction. An immediate support on the downside is near the $18,120 level. The next major support is near the $17,800 level. It is near the 50% Fib retracement level of the recent surge from the $17,308 swing low to $18,367 high. The main support is now forming near the $17,400 level and the trend line, below which the price might retest $17,000. 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 – $18,120, followed by $17,800. Major Resistance Levels – $18,350, $18,500 and $19,200.

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