| Name | Symbol | Market | Market Cap ($) | Algorithm |
|---|---|---|---|---|
| TRON | TRXUSD | Crypto | 6,903,445,878 | Not Mineable |
| Price Change | Price Change % | Current Price | Bid Price | Offer | |
|---|---|---|---|---|---|
| 0.000454 | 0.60% | 0.076533 | 0.076563 | 0.076573 |
| High Price | Low Price | Open Price | Prev. Close | 52 Week Range |
|---|---|---|---|---|
| 0.076998 | 0.075747 | 0.076079 | 0.076079 | 0.001130 - 0.092148 |
| Exchange | Last Trade | Size | Trade Price | Currency |
|---|---|---|---|---|
| KRKN | 22:27:09 | 6,007.81 | 0.076533 | USD |
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.
1 Year TRON Chart |
1 Month TRON Chart |