Bitcoin Price Resumes Uptrend as The Bulls Aim The Key $25K Barrier

Name	Symbol	Market	Market Cap ($)	Algorithm
TRON	TRXUSD	Crypto	10,869,300,316	Not Mineable

Name

Symbol

Market

Market Cap ($)

Algorithm

TRON

TRXUSD

Crypto

10,869,300,316

Not Mineable

	Price Change	Price Change %	Current Price	Bid Price	Offer
	0.000538	0.44%	0.123248	0.123219	0.123253

Price Change

Price Change %

Current Price

Bid Price

Offer

0.000538

0.44%

0.123248

0.123219

0.123253

High Price	Low Price	Open Price	Prev. Close	52 Week Range
0.123583	0.122487	0.12271	0.12271	0.064588 - 0.144371

High Price

Low Price

Open Price

Prev. Close

52 Week Range

0.123583

0.122487

0.12271

0.064588 - 0.144371

Exchange	Last Trade	Size	Trade Price	Currency
KRKN	13:04:09	93.10	0.123248	USD

Exchange

Last Trade

Size

Trade Price

Currency

KRKN

13:04:09

93.10

0.123248

USD

Price x Volume	Volume	Base Symbol	Related Pairs
71,427.33	581,271.96	TRX	TRXEUR	TRXGBP	TRXBTC

Price x Volume

Volume

Base Symbol

Related Pairs

71,427.33

581,271.96

Bitcoin Price Resumes Uptrend as The Bulls Aim The Key $25K Barrier

30/01/2023 3:38am

NEWSBTC

Bitcoin price started another increase above the $23,000 resistance. BTC is rising and the bulls might aim a test of the $25,000 resistance zone. Bitcoin is gaining pace above the $23,500 resistance zone. The price is trading above $23,000 and the 100 hourly simple moving average. There was a break above a key contracting triangle with resistance near $23,145 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could rise further towards $25,000 if it stays above the $23,450 support zone. Bitcoin Price Starts Increase Bitcoin price remained well bid above the $22,500 support zone. BTC formed a base and started a fresh increase above the $23,000 resistance zone. The bulls were able to pump the price above the $23,200 resistance and the 100 hourly simple moving average. The price even cleared the $23,500 resistance zone and traded to a new yearly high at $23,950. During the increase, there was a break above a key contracting triangle with resistance near $23,145 on the hourly chart of the BTC/USD pair. It is now consolidating below the 23.6% Fib retracement level of the recent increase from the $22,900 swing low to $23,950 high. Bitcoin price is also trading above $23,000 and the 100 hourly simple moving average. Source: BTCUSD on TradingView.com An immediate resistance is near the $23,800 level. The next major resistance is near the $24,200 zone, above which the price might start a strong increase. In the stated case, the price may perhaps rise towards the $25,000 level. The next resistance could be near the $25,500 level. Any more gains might send btc price towards the $26,000 level. Dips Supported in BTC? If bitcoin price fails to clear the $23,800 resistance, it could start a downside correction. An immediate support on the downside is near the $23,650 zone. The next major support is near the $23,450 zone or the 50% Fib retracement level of the recent increase from the $22,900 swing low to $23,950 high. A downside break below the $23,450 level might send the price towards the $23,150 level. Any more losses might send the price to $22,650 in the near term. Technical indicators: Hourly MACD – The MACD is now losing pace in the bullish zone. Hourly RSI (Relative Strength Index) – The RSI for BTC/USD is now above the 50 level. Major Support Levels – $23,450, followed by $23,200. Major Resistance Levels – $23,800, $23,950 and $24,200.

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