Close Menu
  • News
    • Bitcoin
    • Altcoins
    • DeFi
    • Regulation
    • Market Cap
    • Web 3
    • Scam
  • Blockchain
  • NFT
  • Metaverse
  • Analysis
  • Learn
  • Blog
  • Contact
    • Tech7685@gmail.com
What's Hot

Is $ 104k Bitcoin’s new soil? BlackRock’s ETF holds the answer

2025-05-20

Ethereum -price flashes bullish signal, but can it flow through obstacles?

2025-05-20

If you have $ 5000 and want to change $ 5 million by 2028, which are the best altcoins to buy? Top 5 contenders

2025-05-20
Facebook X (Twitter) Instagram
  • Contact
  • Terms & Conditions
  • Privacy Policy
  • DMCA
  • Advertise
  • BitcoinPlatform.com
Facebook X (Twitter) Instagram
Free Cryptocurrency – Bitcoin | Altcoins | Blockchain | News Stories Updated Daily
  • News
    • Bitcoin
    • Altcoins
    • DeFi
    • Regulation
    • Market Cap
    • Web 3
    • Scam
  • Blockchain

    Basic, BNB chain, Ethereum and others

    2025-05-20

    What are tokenized real-world assets? Put physical value on the chain with RWAS

    2025-05-20

    Basic kit transactions rise as DEX volume approaches $ 400 billion milestone

    2025-05-20

    Taiko Alethia launches the most expected Pacaya Hardfork -upgrade on MAINNET

    2025-05-20

    Weaver Labs stimulates AI-led decentralized connectivity, joins Imagen Network

    2025-05-19
  • NFT

    Guild of Guardians leads with a huge volume of $ 796.62k

    2025-05-20

    Solana Meme Coin Ponke Set to release assembly objects, clothing via Jcorp Spinout

    2025-05-19

    The most popular collections of the moment on blockchain

    2025-05-18

    Raoul Pal sees NFT market exploding when Ethereum Bull Cycle is approaching

    2025-05-17

    Ethereum is at the top of the charts in weekly NFT sales with $ 44.7 million in sales volume

    2025-05-16
  • Metaverse

    Shib: The Metaverse – Part of the expanding Shiba Inu ecosystem

    2025-01-03

    Experience to Earn: Everdome’s Metaverse Frontier

    2024-12-30

    Beyond Bots: Meta Motivo and the Dawn of Human Digital Life

    2024-12-13

    Exploring NetVRk: What’s Behind This AI-Powered Virtual Universe?

    2024-10-28

    Council of Europe emphasizes the impact of Metaverse on privacy and democracy

    2024-09-05
  • Analysis

    Ethereum -price flashes bullish signal, but can it flow through obstacles?

    2025-05-20

    XRP Price Eyes Winins, but technically suggests that upsides can be limited

    2025-05-20

    Bitcoin still cannot close daily candle above $ 106k after 8 failed attempts in 2025

    2025-05-20

    Solana (SOL) keeps land in tight reach – Traders looking at Directional Cue

    2025-05-20

    Graph signal running to new ATH

    2025-05-19
  • Learn

    Types of Blockchain Layers Explained: Layer 0, Layer 1, Layer 2 and Layer 3

    2025-05-16

    Token vs. Coin: Key Differences You Must Know as a Beginner

    2025-05-15

    Inside Changelly: 10 years of steadfast support and compliance

    2025-05-15

    What Is Proof-of-Work (PoW)?

    2025-05-12

    What Is Proof-of-Authority (PoA)?

    2025-05-10
  • Blog
  • Contact
    • Tech7685@gmail.com
Free Cryptocurrency – Bitcoin | Altcoins | Blockchain | News Stories Updated Daily
Home»Analysis»Bitcoin Price Prints Bullish Technical Pattern Why Close Above $30,000 Critical
Analysis

Bitcoin Price Prints Bullish Technical Pattern Why Close Above $30,000 Critical

2023-05-05No Comments3 Mins Read
Share
Facebook Twitter LinkedIn Pinterest Email

Bitcoin price is steadily rising above $29,000. BTC could start a strong upward move if there is a close above the USD 30,000 resistance.

  • Bitcoin is showing positive signs and it is rising towards the USD 30,000 resistance zone.
  • The price is trading above $28,800 and the 100 Simple hourly moving average.
  • A major ascending channel is forming with resistance near USD 29,600 on the hourly chart of the BTC/USD pair (data feed from Kraken).
  • The pair could start a major rise if it closes above the $30,000 resistance zone.

Bitcoin price is gaining momentum

Bitcoin price formed a base above the $28,000 support zone. BTC started a steady rise and bullish moves were seen after the Fed raised rates to 5.25%.

The bulls were able to push the price above the $28,800 resistance zone. There was a break above the 61.8% Fib retracement level of the downward move from the $29,975 swing high to the $27,665 low. It opened the doors to a move worth more than $29,000.

Bitcoin is now trading above $28,800 and the 100 simple hourly moving average. A major ascending channel is also forming with resistance near USD 29,600 on the hourly chart of the BTC/USD pair.

Immediate resistance is near the $29,420 level. It is close to the 76.4% Fib retracement level of the downward move from the $29,975 swing high to the $27,665 low. The next major resistance is near the channel, above which the price could rise towards the $30,000 resistance zone.

Bitcoin price

Source: BTCUSD at TradingView.com

Any further gains could open the door for a decent rally towards the $31,200 resistance. In the said case, the price might rise to the $32,500 level.

See also  Grayscale's Solana Trust (GSOL) Explodes to 869% Premium as Institutional Demand Drives Crypto Products to Rip

New Decline in BTC?

If the price of Bitcoin fails to clear the $29,600 resistance, it could trigger a downside correction. Immediate downside support is near the $28,800 level and the channel’s trendline.

The next major support is near the $28,600 zone or the 100 hourly simple moving average, below which the price could fall towards the $28,200 support zone. More losses could push Bitcoin to the $27,650 level 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 – $28,800 followed by $28,600.

Major resistance levels – $29,420, $29,600 and $30,000.

Source link

Bitcoin Bullish close critical pattern Price prints technical
Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

Ethereum -price flashes bullish signal, but can it flow through obstacles?

2025-05-20

Bitcoin -portfolios shift to ‘buy -mode’ -Is a bullish reversal imminent?

2025-05-20

XRP Price Eyes Winins, but technically suggests that upsides can be limited

2025-05-20

Bitcoin reaches a new highlight of $ 107K – Can BTC retain the win?

2025-05-20
Add A Comment
Leave A Reply Cancel Reply

Top Posts

Lyft taps Solana’s bee cards for real -time, crowdsourced mapping upgrade

2025-05-16

Mapping the next move from Bitcoin: a bullish breakout or a bearish fall ahead?

2025-03-03

Whales move over $880,000,000 worth of Bitcoin, Ethereum, Solana, XRP and Dogecoin – this is where crypto is heading

2023-12-09
Editors Picks

Is Bitcoin About To Run Up? BTC Miners Are Betting It Will

2023-08-25

Altcoins across the industry have been underbought: Santiment

2023-05-26

Spencer Ventures to buy 144 Pudgy Penguins for ‘mid six figures’

2023-10-10

BlackRock CEO Larry Fink Says Bitcoin Is Digital Gold So What Is Digital Silver?

2023-07-06
About
About

Our mission is to develop a community of people who try to make financially sound decisions. The website strives to educate individuals in making wise choices about Cryptocurrencies, Defi, NFT, Metaverse and more.

We're social. Connect with us:

Facebook X (Twitter) Instagram Pinterest YouTube
Top Insights

Is $ 104k Bitcoin’s new soil? BlackRock’s ETF holds the answer

Ethereum -price flashes bullish signal, but can it flow through obstacles?

If you have $ 5000 and want to change $ 5 million by 2028, which are the best altcoins to buy? Top 5 contenders

Get Informed

Subscribe to Updates

Get the latest news and Update from Free.cc about Crypto, Metaverse, NFT and more.

  • Contact
  • Terms & Conditions
  • Privacy Policy
  • DMCA
  • Advertise
  • BitcoinPlatform.com
© 2025 Free.cc - All rights reserved. Contact: info@free.cc

Type above and press Enter to search. Press Esc to cancel.

  • bitcoinBitcoin(BTC)$105,771.490.83%
  • ethereumEthereum(ETH)$2,464.92-1.14%
  • tetherTether USDt(USDT)$1.000.02%
  • rippleXRP(XRP)$2.33-1.92%
  • binancecoinBNB(BNB)$645.79-0.17%
  • solanaSolana(SOL)$165.520.29%
  • usd-coinUSDC(USDC)$1.00-0.03%
  • dogecoinDogecoin(DOGE)$0.219820-1.32%
  • tronTRON(TRX)$0.2740913.56%
  • cardanoCardano(ADA)$0.73-0.90%
  • suiSui(SUI)$3.842.40%
  • chainlinkChainlink(LINK)$15.33-1.69%
  • avalanche-2Avalanche(AVAX)$21.91-1.06%
  • stellarStellar(XLM)$0.282595-0.65%
  • hyperliquidHyperliquid(HYPE)$25.68-1.60%
  • shiba-inuShiba Inu(SHIB)$0.000014-1.40%
  • unus-sed-leoUNUS SED LEO(LEO)$8.770.99%
  • hedera-hashgraphHedera(HBAR)$0.1915360.39%
  • bitcoin-cashBitcoin Cash(BCH)$386.80-0.55%
  • the-open-networkToncoin(TON)$3.041.43%
  • polkadotPolkadot(DOT)$4.56-0.12%
  • litecoinLitecoin(LTC)$93.58-4.97%
  • moneroMonero(XMR)$347.131.44%
  • bitget-tokenBitget Token(BGB)$5.15-0.11%
  • pepePepe(PEPE)$0.000013-1.97%
  • daiDai(DAI)$1.000.00%
  • piPi(PI)$0.731.31%
  • ethena-usdeEthena USDe(USDE)$1.000.02%
  • aaveAave(AAVE)$256.098.34%
  • bittensorBittensor(TAO)$409.071.26%
  • uniswapUniswap(UNI)$5.74-3.26%
  • nearNEAR Protocol(NEAR)$2.70-1.38%
  • aptosAptos(APT)$5.02-2.65%
  • okbOKB(OKB)$51.95-0.07%
  • ondo-financeOndo(ONDO)$0.930.90%
  • kaspaKaspa(KAS)$0.1072040.97%
  • ethereum-classicEthereum Classic(ETC)$18.02-1.79%
  • internet-computerInternet Computer(ICP)$5.10-1.87%
  • official-trumpOFFICIAL TRUMP(TRUMP)$13.293.61%
  • gatechain-tokenGateToken(GT)$21.29-0.52%
  • crypto-com-chainCronos(CRO)$0.095053-0.33%
  • mantleMantle(MNT)$0.742.52%
  • polygon-ecosystem-tokenPOL (prev. MATIC)(POL)$0.228146-1.42%
  • vechainVeChain(VET)$0.027546-0.82%
  • render-tokenRender(RENDER)$4.540.14%
  • usd1World Liberty Financial USD(USD1)$1.00-0.02%
  • ethenaEthena(ENA)$0.362041-0.28%
  • algorandAlgorand(ALGO)$0.217775-1.08%
  • arbitrumArbitrum(ARB)$0.383066-1.03%
  • filecoinFilecoin(FIL)$2.78-2.90%
  • bitcoinBitcoin(BTC)$105,771.490.83%
  • ethereumEthereum(ETH)$2,464.92-1.14%
  • tetherTether USDt(USDT)$1.000.02%
  • rippleXRP(XRP)$2.33-1.92%
  • binancecoinBNB(BNB)$645.79-0.17%
  • solanaSolana(SOL)$165.520.29%
  • usd-coinUSDC(USDC)$1.00-0.03%
  • dogecoinDogecoin(DOGE)$0.219820-1.32%
  • tronTRON(TRX)$0.2740913.56%
  • cardanoCardano(ADA)$0.73-0.90%
  • suiSui(SUI)$3.842.40%
  • chainlinkChainlink(LINK)$15.33-1.69%
  • avalanche-2Avalanche(AVAX)$21.91-1.06%
  • stellarStellar(XLM)$0.282595-0.65%
  • hyperliquidHyperliquid(HYPE)$25.68-1.60%
  • shiba-inuShiba Inu(SHIB)$0.000014-1.40%
  • unus-sed-leoUNUS SED LEO(LEO)$8.770.99%
  • hedera-hashgraphHedera(HBAR)$0.1915360.39%
  • bitcoin-cashBitcoin Cash(BCH)$386.80-0.55%
  • the-open-networkToncoin(TON)$3.041.43%
  • polkadotPolkadot(DOT)$4.56-0.12%
  • litecoinLitecoin(LTC)$93.58-4.97%
  • moneroMonero(XMR)$347.131.44%
  • bitget-tokenBitget Token(BGB)$5.15-0.11%
  • pepePepe(PEPE)$0.000013-1.97%
  • daiDai(DAI)$1.000.00%
  • piPi(PI)$0.731.31%
  • ethena-usdeEthena USDe(USDE)$1.000.02%
  • aaveAave(AAVE)$256.098.34%
  • bittensorBittensor(TAO)$409.071.26%
  • uniswapUniswap(UNI)$5.74-3.26%
  • nearNEAR Protocol(NEAR)$2.70-1.38%
  • aptosAptos(APT)$5.02-2.65%
  • okbOKB(OKB)$51.95-0.07%
  • ondo-financeOndo(ONDO)$0.930.90%
  • kaspaKaspa(KAS)$0.1072040.97%
  • ethereum-classicEthereum Classic(ETC)$18.02-1.79%
  • internet-computerInternet Computer(ICP)$5.10-1.87%
  • official-trumpOFFICIAL TRUMP(TRUMP)$13.293.61%
  • gatechain-tokenGateToken(GT)$21.29-0.52%
  • crypto-com-chainCronos(CRO)$0.095053-0.33%
  • mantleMantle(MNT)$0.742.52%
  • polygon-ecosystem-tokenPOL (prev. MATIC)(POL)$0.228146-1.42%
  • vechainVeChain(VET)$0.027546-0.82%
  • render-tokenRender(RENDER)$4.540.14%
  • usd1World Liberty Financial USD(USD1)$1.00-0.02%
  • ethenaEthena(ENA)$0.362041-0.28%
  • algorandAlgorand(ALGO)$0.217775-1.08%
  • arbitrumArbitrum(ARB)$0.383066-1.03%
  • filecoinFilecoin(FIL)$2.78-2.90%