Bitcoin Price Remains Strong and Eyes Fresh Surge Above $44K

Name	Symbol	Market	Market Cap ($)	Algorithm
TRON	TRXUSD	Crypto	12,125,190,592	Not Mineable

Name

Symbol

Market

Market Cap ($)

Algorithm

TRON

TRXUSD

Crypto

12,125,190,592

Not Mineable

	Price Change	Price Change %	Current Price	Bid Price	Offer
	0.000179	0.13%	0.137743	0.137702	0.137731

Price Change

Price Change %

Current Price

Bid Price

Offer

0.000179

0.13%

0.137743

0.137702

0.137731

High Price	Low Price	Open Price	Prev. Close	52 Week Range
0.137743	0.136943	0.137564	0.137564	0.071373 - 0.144371

High Price

Low Price

Open Price

Prev. Close

52 Week Range

0.137743

0.136943

0.137564

0.071373 - 0.144371

Exchange	Last Trade	Size	Trade Price	Currency
KRKN	12:38:08	318.00	0.137743	USD

Exchange

Last Trade

Size

Trade Price

Currency

KRKN

12:38:08

318.00

0.137743

USD

Price x Volume	Volume	Base Symbol	Related Pairs
30,898.37	225,147.25	TRX	TRXEUR	TRXGBP	TRXBTC

Price x Volume

Volume

Base Symbol

Related Pairs

30,898.37

225,147.25

Bitcoin Price Remains Strong and Eyes Fresh Surge Above $44K

08/12/2023 1:44pm

NEWSBTC

Bitcoin price corrected lower and tested the $42,800 support zone. BTC is now showing positive signs and might attempt a fresh surge above $44,000. Bitcoin is holding gains above the $42,500 pivot level. The price is trading above $42,800 and the 100 hourly Simple moving average. There is a key bullish trend line forming with support near $42,900 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair is likely setting up for a fresh increase above the $44,000 level. Bitcoin Price Eyes Fresh Increase Bitcoin price started a downside correction below the $44,000 level. BTC declined below the $43,500 level, but the bulls remained active. The price found bids near the 50% Fib retracement level of the upward move from the $41,427 swing low to the $44,465 high. Bitcoin is still trading above $42,800 and the 100 hourly Simple moving average. There is also a key bullish trend line forming with support near $42,900 on the hourly chart of the BTC/USD pair. The price is now rising and showing positive signs above the $43,000 level. On the upside, immediate resistance is near the $44,200 level. The first major resistance is forming near $44,450, above which the price might gain bullish momentum and rise toward $45,000. Source: BTCUSD on TradingView.com A close above the $45,000 resistance might start a strong upward move. The next key resistance could be near $46,000, above which BTC could rise toward the $47,200 level. Are Dips Limited In BTC? If Bitcoin fails to rise above the $44,450 resistance zone, it could start another decline. Immediate support on the downside is near the $42,900 level and the trend line. The next major support is near $42,580 or the 61.8% Fib retracement level of the upward move from the $41,427 swing low to the $44,465 high, below which the price might test the $42,150 zone. If there is a move below $42,150, there is a risk of more downsides. In the stated case, the price could drop toward the $41,500 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 – $42,900, followed by $42,150. Major Resistance Levels – $44,250, $44,450, and $45,000.

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