• BTC Dominance: %
XBT.Market
Advertisement
  • Home
  • Coins MarketCap
  • Crypto Exchanges
  • Crypto Calculator
  • Top Gainers and Loser
  • News
  • Contact Us
No Result
View All Result
XBT.Market
No Result
View All Result
Home Bitcoin

TA: Bitcoin Price Seems Primed For A Strong Wave Above $21K

Jon Hartney by Jon Hartney
July 7, 2022
in Bitcoin, Blockchain, Business, Market
0
189
SHARES
1.5k
VIEWS
Share on FacebookShare on Twitter

Bitcoin is moving higher and trading above the $20,000 zone against the US Dollar. BTC could surge if there is a clear move above $20,580 and $20,730.

  • Bitcoin is showing a few positive signs above the $20,000 support zone.
  • The price is now trading above the $20,000 level and the 100 hourly simple moving average.
  • There is a major bullish trend line forming with support near $19,800 on the hourly chart of the BTC/USD pair (data feed from Kraken).
  • The pair could start a strong upward move if there is a close above the $20,580 level.

Bitcoin Price Aims Fresh Increase

Related articles

Bitcoin derivatives data shows room for BTC price to move higher this week

January 23, 2023

Bitcoin price consolidation opens the door for APE, MANA, AAVE and FIL to move higher

January 22, 2023

Bitcoin price stayed well above the $19,500 support zone. BTC formed a low near the $19,750 level and started another increase above the $20,000 resistance zone.

There was a steady move and the price climbed above the 50% Fib retracement level of the downward move from the $20,732 swing high to $19,750 low. The price is now trading above the $20,000 level and the 100 hourly simple moving average.

There is also a major bullish trend line forming with support near $19,800 on the hourly chart of the BTC/USD pair. Bitcoin price is now trading comfortably near the $20,500 zone and the 76.4% Fib retracement level of the downward move from the $20,732 swing high to $19,750 low.

Source: BTCUSD on TradingView.com

On the upside, the price is facing resistance near the $20,550 and $20,580 levels. The next key resistance is near the $20,730 zone. A close above the $20,730 resistance zone could open the doors for a strong increase. In the stated case, the price could rise towards the $21,500 level. The next major resistance sits near the $22,200 level.

Fresh Decline in BTC?

If bitcoin fails to clear the $20,730 resistance zone, it could start a downside correction. An immediate support on the downside is near the $20,200 level.

The next major support now sits near the $19,800 level or the trend line zone. A close below the $19,800 support zone could push the price to $19,500. In the stated case, there is a risk of a move towards the $18,750 level.

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 – $20,200, followed by $19,800.

Major Resistance Levels – $20,580, $20,730 and $21,200.

Read Entire Article
Tags: CryptocurrencyInvestmentMining BitcoinNewsBTC
Share76Tweet47

Related Posts

Bitcoin derivatives data shows room for BTC price to move higher this week

by Jon Hartney
January 23, 2023
0

BTC options data suggest that the Bitcoin price rally still has legs, even with wider economic concerns growing and the

Bitcoin price consolidation opens the door for APE, MANA, AAVE and FIL to move higher

by Jon Hartney
January 22, 2023
0

BTC could take a break from its sharp rally and if BTC price bounces off underlying support, APE, MANA, AAVE...

Genesis bankruptcy case scheduled for first hearing

by Jon Hartney
January 22, 2023
0

The first hearing in Genesis Capital's bankruptcy case will be held on January 23, according to court filings

Terra lending protocol Mars to launch mainnet

by Jon Hartney
January 22, 2023
0

The Mars Hub will launch an independent Cosmos application chain and issue MARS to users who hold the token during...

Central African Republic eyes legal framework for crypto adoption

by Jon Hartney
January 22, 2023
0

A 15-member committee is tasked with working on a legal framework that will allow cryptocurrencies to operate in

Load More
  • Trending
  • Comments
  • Latest

Ethereum Classic gets ‘endorsement’ from Vitalik Buterin, but ETC price still risks 50% crash

July 27, 2022

Bitcoin price rises above $19.6K as US dollar strength falls to 3-week lows

October 25, 2022

Why are Bitcoin whales accumulating BTC? Watch The Market Report

October 25, 2022

Critique on Helium’s $6.5K monthly revenue causes a stir

July 28, 2022

All aboard! Elon Musk’s Vegas Loop now taking Dogecoin payments

0

Crypto owners banned from working on US Government crypto policies

0

Korean startup Uprise lost $20M shorting LUNC

0

Ethereum testnet Merge mostly successful — ‘Hiccups will not delay the Merge.’

0

Bitcoin derivatives data shows room for BTC price to move higher this week

January 23, 2023

Bitcoin price consolidation opens the door for APE, MANA, AAVE and FIL to move higher

January 22, 2023

Genesis bankruptcy case scheduled for first hearing

January 22, 2023

Terra lending protocol Mars to launch mainnet

January 22, 2023

XBT.Market

This website is an automated news feed powered by the Nebulome cloud system. The site is made possible by YYC TECH Consulting and Alberta Digital Mining Company. As a team with major crypto and bitcoin enthusiasm, we have curated major sources of news, trading and financial data to bring you, our viewer, an unbiased source of truth.

Recent Posts

  • Bitcoin derivatives data shows room for BTC price to move higher this week January 23, 2023
  • Bitcoin price consolidation opens the door for APE, MANA, AAVE and FIL to move higher January 22, 2023
  • Genesis bankruptcy case scheduled for first hearing January 22, 2023
  • Terra lending protocol Mars to launch mainnet January 22, 2023
  • Central African Republic eyes legal framework for crypto adoption January 22, 2023

News Categories

  • Bitcoin
  • Blockchain
  • Business
  • Market

Tags

bitcoinMagzine Cointelegraph Cryptocurrency insidebitcoins Investment Mining Bitcoin NewsBTC

Quicklinks

  • Home
  • Coins MarketCap
  • Crypto Exchanges
  • Crypto Calculator
  • Top Gainers and Loser
  • News
  • Contact Us

© 2022 Xbt.Market - Powered by YYC Tech Consulting & ADMCO.

No Result
View All Result
  • Home
  • Coins MarketCap
  • Crypto Exchanges
  • Crypto Calculator
  • Top Gainers and Loser
  • News
  • Contact Us

© 2022 Xbt.Market by Nebulome.

  • bitcoinBitcoin(BTC)$26,588.000.08%
  • ethereumEthereum(ETH)$1,594.610.18%
  • USDEXUSDEX(USDEX)$1.07-0.53%
  • tetherTether(USDT)$1.000.02%
  • binancecoinBNB(BNB)$210.60-0.05%
  • rippleXRP(XRP)$0.51-0.03%
  • usd-coinUSDC(USDC)$1.000.01%
  • Lido Staked EtherLido Staked Ether(STETH)$1,595.100.18%
  • dogecoinDogecoin(DOGE)$0.061592-0.14%
  • cardanoCardano(ADA)$0.245237-0.18%
  • SolanaSolana(SOL)$19.510.48%
  • ToncoinToncoin(TON)$2.21-4.40%
  • tronTRON(TRX)$0.0842370.73%
  • Wrapped stETHWrapped stETH(WSTETH)$1,864.880.38%
  • polkadotPolkadot(DOT)$4.050.79%
  • matic-networkPolygon(MATIC)$0.520.26%
  • litecoinLitecoin(LTC)$64.70-0.16%
  • Shiba InuShiba Inu(SHIB)$0.000007-1.07%
  • wrapped-bitcoinWrapped Bitcoin(WBTC)$26,568.000.19%
  • bitcoin-cashBitcoin Cash(BCH)$207.78-0.55%
  • chainlinkChainlink(LINK)$7.161.64%
  • daiDai(DAI)$1.000.02%
  • true-usdTrueUSD(TUSD)$1.000.08%
  • leo-tokenLEO Token(LEO)$3.72-2.88%
  • UniswapUniswap(UNI)$4.280.23%
  • AvalancheAvalanche(AVAX)$8.990.62%
  • stellarStellar(XLM)$0.113267-0.21%
  • moneroMonero(XMR)$143.000.14%
  • OKBOKB(OKB)$42.900.49%
  • Aerarium FiAerarium Fi(AERA)$7.14-13.09%
  • Binance USDBinance USD(BUSD)$1.000.04%
  • ethereum-classicEthereum Classic(ETC)$15.25-0.08%
  • cosmosCosmos Hub(ATOM)$7.06-0.29%
  • HederaHedera(HBAR)$0.050342-1.68%
  • filecoinFilecoin(FIL)$3.250.53%
  • CronosCronos(CRO)$0.0507360.43%
  • GGTKNGGTKN(GGTKN)$0.1161257.38%
  • Lido DAOLido DAO(LDO)$1.480.10%
  • Internet ComputerInternet Computer(ICP)$2.950.15%
  • QuantQuant(QNT)$89.99-0.99%
  • MantleMantle(MNT)$0.3969321.60%
  • AptosAptos(APT)$5.365.05%
  • vechainVeChain(VET)$0.016857-0.99%
  • makerMaker(MKR)$1,279.37-0.18%
  • NEAR ProtocolNEAR Protocol(NEAR)$1.11-0.07%
  • ArbitrumArbitrum(ARB)$0.82-0.30%
  • OptimismOptimism(OP)$1.290.17%
  • EdgecoinEdgecoin(EDGT)$1.00-0.03%
  • KaspaKaspa(KAS)$0.0471782.45%
  • Rocket Pool ETHRocket Pool ETH(RETH)$1,731.490.19%
  • AaveAave(AAVE)$62.31-1.07%
  • BitDAOBitDAO(BIT)$0.592.96%
  • The GraphThe Graph(GRT)$0.087492-1.17%
  • algorandAlgorand(ALGO)$0.1017160.73%
  • WhiteBIT CoinWhiteBIT Coin(WBT)$5.31-0.04%
  • USDDUSDD(USDD)$1.000.19%
  • XDC NetworkXDC Network(XDC)$0.050363-2.11%
  • RadixRadix(XRD)$0.0678022.43%
  • ImmutableXImmutableX(IMX)$0.58-4.82%
  • FraxFrax(FRAX)$1.000.13%
  • StacksStacks(STX)$0.4725160.00%
  • eosEOS(EOS)$0.581.41%
  • MultiversXMultiversX(EGLD)$24.940.03%
  • havvenSynthetix Network(SNX)$1.98-5.46%
  • Bitget TokenBitget Token(BGB)$0.4533710.10%
  • theta-tokenTheta Network(THETA)$0.63-0.86%
  • The SandboxThe Sandbox(SAND)$0.3030641.19%
  • tezosTezos(XTZ)$0.66-0.71%
  • CloutContractsCloutContracts(CCS)$52.461,000.00%
  • bitcoin-cash-svBitcoin SV(BSV)$31.240.59%
  • Axie InfinityAxie Infinity(AXS)$4.563.01%
  • InjectiveInjective(INJ)$6.97-1.38%
  • RenderRender(RNDR)$1.560.06%
  • decentralandDecentraland(MANA)$0.2983441.46%
  • GateGate(GT)$3.870.25%
  • FantomFantom(FTM)$0.1892620.81%
  • neoNEO(NEO)$7.35-0.84%
  • THORChainTHORChain(RUNE)$1.68-2.20%
  • KavaKava(KAVA)$0.62-1.02%
  • marumaruNFTmarumaruNFT(MARU)$0.24425729.38%
  • paxos-standardPax Dollar(USDP)$1.000.03%
  • Tether GoldTether Gold(XAUT)$1,927.010.09%
  • PAX GoldPAX Gold(PAXG)$1,914.890.03%
  • eCasheCash(XEC)$0.0000240.21%
  • cETHcETH(CETH)$32.030.18%
  • FlowFlow(FLOW)$0.4478030.47%
  • BinaryXBinaryX(BNX)$23.94-86.46%
  • Curve DAOCurve DAO(CRV)$0.5210.52%
  • Halo CoinHalo Coin(HALO)$0.057345-0.05%
  • Convex CRVConvex CRV(CVXCRV)$1.47184.01%
  • kucoin-sharesKuCoin(KCS)$4.510.20%
  • Rocket PoolRocket Pool(RPL)$21.410.62%
  • iotaIOTA(MIOTA)$0.1506551.42%
  • Frax EtherFrax Ether(FRXETH)$1,591.430.44%
  • ApeCoinApeCoin(APE)$1.12-0.56%
  • ChilizChiliz(CHZ)$0.057900-0.76%
  • Frax ShareFrax Share(FXS)$5.41-0.14%
  • First Digital USDFirst Digital USD(FDUSD)$1.000.03%
  • huobi-tokenHuobi(HT)$2.471.20%
  • WEMIXWEMIX(WEMIX)$1.2215.96%