{"id":19409,"date":"2024-11-11T03:16:18","date_gmt":"2024-11-11T03:16:18","guid":{"rendered":"https:\/\/mycryptomania.com\/?p=19409"},"modified":"2024-11-11T03:16:18","modified_gmt":"2024-11-11T03:16:18","slug":"bitcoin-price-hits-80k-mark-the-crypto-bull-run-continues","status":"publish","type":"post","link":"https:\/\/mycryptomania.com\/?p=19409","title":{"rendered":"Bitcoin Price Hits $80K Mark: The Crypto Bull Run Continues"},"content":{"rendered":"

Bitcoin price is up over 5% and trading above $80,000. BTC is rising and might aim for a move above the $82,000 resistance zone in the near term.<\/em><\/p>\n

Bitcoin started a fresh surge above the $78,500 zone.
\nThe price is trading above $80,000 and the 100 hourly Simple moving average.
\nThere is a connecting bullish trend line forming with support at $80,250 on the hourly chart of the BTC\/USD pair (data feed from Kraken).
\nThe pair could continue to rise above the $81,500 resistance zone.<\/p>\n

Bitcoin Price Sets Another ATH<\/h2>\n

Bitcoin price started a fresh increase above the $76,500 level. BTC cleared the $78,000 resistance<\/a> and traded to a new all-time high. It posted a high at $81,700 and is currently consolidating gains.<\/p>\n

There was a minor decline below the $81,500 level. However, the price is still well above the 23.6% Fib retracement level of the upward move from the $75,785 swing low to the $81,700 high. There is also a connecting bullish trend line forming with support at $80,250 on the hourly chart of the BTC\/USD pair.<\/p>\n

Bitcoin price is now trading above $80,000 and the 100 hourly Simple moving average<\/a>. On the upside, the price could face resistance near the $81,700 level. The first key resistance is near the $82,000 level. A clear move above the $82,000 resistance might send the price higher. The next key resistance could be $82,500.<\/p>\n

<\/a><\/p>\n

A close above the $82,500 resistance might initiate more gains. In the stated case, the price could rise and test the $83,800 resistance level. Any more gains might send the price toward the $85,000 resistance level.<\/p>\n

Are Dips Supported In BTC?<\/h2>\n

If Bitcoin fails to rise above the $81,700 resistance zone, it could start a downside correction. Immediate support on the downside is near the $80,250 level and the trend line.<\/p>\n

The first major support is near the $78,750 level or the 50% Fib retracement level of the upward move from the $75,785 swing low to the $81,700 high. The next support is now near the $77,500 zone. Any more losses might send the price toward the $76,500 support in the near term.<\/p>\n

Technical indicators:<\/p>\n

Hourly MACD \u2013 The MACD is now gaining pace in the bullish zone.<\/p>\n

Hourly RSI (Relative Strength Index) \u2013 The RSI for BTC\/USD is now above the 50 level.<\/p>\n

Major Support Levels \u2013 $80,250, followed by $78,750.<\/p>\n

Major Resistance Levels \u2013 $81,700, and $82,500.<\/p>","protected":false},"excerpt":{"rendered":"

Bitcoin price is up over 5% and trading above $80,000. BTC is rising and might aim for a move above the $82,000 resistance zone in the near term. Bitcoin started a fresh surge above the $78,500 zone. The price is trading above $80,000 and the 100 hourly Simple moving average. There is a connecting bullish […]<\/p>\n","protected":false},"author":0,"featured_media":19410,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-19409","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-discovery"],"_links":{"self":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/19409"}],"collection":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=19409"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/19409\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/media\/19410"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=19409"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=19409"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=19409"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}