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Breaking News: Michael Saylor Predicts Bitcoin Market Cap Of $280 Trillion By
2045—What Will The Price Be?
BITCOIN PRICE SOARS TO $100K: A NEW ERA IN CRYPTO BEGINS
Aayush Jindal
3 days ago
2 mins read
Este artículo también está disponible en español.
Bitcoin price started a fresh increase and tested the $100,000 level. BTC is now
showing many positive signs and might continue to rise.
* Bitcoin is gaining pace above the $96,500 zone.
* The price is trading below $98,500 and the 100 hourly Simple moving average.
* There was a break above a key bearish trend line with resistance at $97,550
on the hourly chart of the BTC/USD pair (data feed from Kraken).
* The pair tested the key milestone level at $100,000 and might extend gains.
BITCOIN PRICE HITS $100K
Bitcoin price started another increase above the $96,500 resistance zone. BTC
was able to clear the $97,500 and $98,000 resistance levels. The bulls even
pumped it to a new all-time high.
There was a break above a key bearish trend line with resistance at $97,550 on
the hourly chart of the BTC/USD pair. Finally, the price tested the $100,000
level. The current price action suggests that the price might continue to rise
and is stable above the 23.6% Fib retracement level of the upward move from the
$64,656 swing low to the $100,000 high.
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Bitcoin price is now trading below $98,500 and the 100 hourly Simple moving
average. On the upside, the price could face resistance near the $100,000 level.
The first key resistance is near the $102,000 level. A clear move above the
$102,000 resistance might send the price higher.
Source: BTCUSD on TradingView.com
The next key resistance could be $105,000. A close above the $105,000 resistance
might send the price further higher. In the stated case, the price could rise
and test the $108,000 resistance level. Any more gains might send the price
toward the $112,000 level.
ANOTHER DROP IN BTC?
If Bitcoin fails to rise above the $100,000 resistance zone, it could start
another downside correction. Immediate support on the downside is near the
$98,800 level.
The first major support is near the $98,000 level. The next support is now near
the $96,500 zone or the 61.8% Fib retracement level of the upward move from the
$64,656 swing low to the $100,000 high. Any more losses might send the price
toward the $95,000 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 – $98,500, followed by $96,500.
Major Resistance Levels – $100,000, and $102,000.
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AAYUSH JINDAL
Aayush Jindal, a luminary in the world of financial markets, whose expertise
spans over 15 illustrious years in the realms of Forex and cryptocurrency
trading. Renowned for his unparalleled proficiency in providing technical
analysis, Aayush is a trusted advisor and senior market expert to investors
worldwide, guiding them through the intricate landscapes of modern finance with
his keen insights and astute chart analysis.
Read more
From a young age, Aayush exhibited a natural aptitude for deciphering complex
systems and unraveling patterns. Fueled by an insatiable curiosity for
understanding market dynamics, he embarked on a journey that would lead him to
become one of the foremost authorities in the fields of Forex and crypto
trading. With a meticulous eye for detail and an unwavering commitment to
excellence, Aayush honed his craft over the years, mastering the art of
technical analysis and chart interpretation.
As a software engineer, Aayush harnesses the power of technology to optimize
trading strategies and develop innovative solutions for navigating the volatile
waters of financial markets. His background in software engineering has equipped
him with a unique skill set, enabling him to leverage cutting-edge tools and
algorithms to gain a competitive edge in an ever-evolving landscape.
In addition to his roles in finance and technology, Aayush serves as the
director of a prestigious IT company, where he spearheads initiatives aimed at
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the company has flourished, cementing its position as a leader in the tech
industry and paving the way for groundbreaking advancements in software
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Despite his demanding professional commitments, Aayush is a firm believer in the
importance of work-life balance. An avid traveler and adventurer, he finds
solace in exploring new destinations, immersing himself in different cultures,
and forging lasting memories along the way. Whether he's trekking through the
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Aayush's journey to success is marked by a relentless pursuit of excellence and
a steadfast commitment to continuous learning and growth. His academic
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having completed his software engineering with honors and excelling in every
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At his core, Aayush is driven by a profound passion for analyzing markets and
uncovering profitable opportunities amidst volatility. Whether he's poring over
price charts, identifying key support and resistance levels, or providing
insightful analysis to his clients and followers, Aayush's unwavering dedication
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In a world where uncertainty reigns supreme, Aayush Jindal stands as a guiding
light, illuminating the path to financial success with his unparalleled
expertise, unwavering integrity, and boundless enthusiasm for the markets.
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Disclaimer: The information found on NewsBTC is for educational purposes only.
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