{"id":27745,"date":"2022-05-13T04:35:23","date_gmt":"2022-05-13T04:35:23","guid":{"rendered":"https:\/\/emilynews.com\/blog\/?p=27745"},"modified":"2022-05-13T04:43:13","modified_gmt":"2022-05-13T04:43:13","slug":"news-commentary-1674-market-news-btc-break-above-30k-is-crucial","status":"publish","type":"post","link":"https:\/\/emilynews.com\/blog\/?p=27745","title":{"rendered":"News Commentary #1,674 \u2013 Market News: BTC Break Above $30K Is Crucial..?"},"content":{"rendered":"<p>&#8220;Here is the new <strong>Big crash<\/strong> of cryptocoins and you are all welcome to the new <strong>multiyear bear trend&#8221;<\/strong> &#8211; some say&#8230; &#8220;There is nothing extremely bad and this downward move was just <strong>a momentum<\/strong> from where we could see the new raise and <strong>bigger bull rally&#8221;<\/strong> &#8211; say others..<\/p>\n<p>As always most analytics join this or that mainstream camp and there is no one who can tell you 100% confirmed information and to predict the near future.<\/p>\n<p>What can you do? Try to be ready for both scenarios, that&#8217;s the cleverest thing you can have during such periods.<\/p>\n<p>Together with crypto market &#8211; hyip market gets more volatility as well, because only strong admins have skills to create the program and plans which would be sustainable as in bear trends so in bull runs.<\/p>\n<p>Below is a short information about current price levels..<\/p>\n<blockquote>\n<p><em>Bitcoin dived towards the $25,000 support zone against the US Dollar. BTC is now recovering and might eye an upside break above the key $30,000 resistance zone.<\/em><\/p>\n<ul>\n<li>Bitcoin found support above $25,000 and started an upside correction.<\/li>\n<li>The price is still trading below $30,000 and the 100 hourly simple moving average.<\/li>\n<li>There is a major bearish trend line forming with resistance near $30,000 on the hourly chart of the BTC\/USD pair (data feed from Kraken).<\/li>\n<li>The pair must clear the $30,000 barrier to move into a positive zone and started a real recovery.<\/li>\n<\/ul>\n<h2>Bitcoin Price Starts Recovery<\/h2>\n<p>Bitcoin price remained in a&nbsp;bearish zone below the $30,000 support zone. BTC extended its decline and traded below the $28,000 level.<\/p>\n<p>There was a spike below the $26,000 level and the price traded to a new multi-month low at $25,332. A base was formed above $25,000 and the price started a fresh upward move. There was a clear move above the $26,500 and $27,500 resistance levels.<\/p>\n<p><span style=\"color: initial; font-size: revert;\">The price climbed above the 50% Fib retracement level of the recent decline from the $32,130 swing high to $25,332 low. However, it is still trading below $30,000 and the&nbsp;100 hourly simple moving average.<\/span><\/p>\n<p>There is also a major bearish trend line forming with resistance near $30,000 on the hourly chart of the BTC\/USD pair. The next major resistance is near the $30,500 zone and the 100 hourly simple moving average. It is near the 76.4% Fib retracement level of the recent decline from the $32,130 swing high to $25,332 low.<\/p>\n<p><a href=\"https:\/\/www.newsbtc.com\/wp-content\/uploads\/2022\/05\/Bitcoin-11.png\"><img loading=\"lazy\" decoding=\"async\" class=\"alignnone size-full wp-image-490413\" src=\"https:\/\/www.newsbtc.com\/wp-content\/uploads\/2022\/05\/Bitcoin-11.png\" sizes=\"auto, (max-width: 1834px) 100vw, 1834px\" srcset=\"https:\/\/www.newsbtc.com\/wp-content\/uploads\/2022\/05\/Bitcoin-11.png 1834w, https:\/\/www.newsbtc.com\/wp-content\/uploads\/2022\/05\/Bitcoin-11-460x212.png 460w, https:\/\/www.newsbtc.com\/wp-content\/uploads\/2022\/05\/Bitcoin-11-860x396.png 860w, https:\/\/www.newsbtc.com\/wp-content\/uploads\/2022\/05\/Bitcoin-11-768x354.png 768w, https:\/\/www.newsbtc.com\/wp-content\/uploads\/2022\/05\/Bitcoin-11-1536x708.png 1536w, https:\/\/www.newsbtc.com\/wp-content\/uploads\/2022\/05\/Bitcoin-11-750x346.png 750w, https:\/\/www.newsbtc.com\/wp-content\/uploads\/2022\/05\/Bitcoin-11-1140x525.png 1140w\" alt=\"Bitcoin Price\" width=\"1834\" height=\"845\" data-pin-no-hover=\"true\"><\/a><\/p>\n<p>A clear move above the $30,000 and $30,500 resistance levels might start a fresh increase in the coming sessions. The next key resistance could be near the $31,500 level, above which the price might rise above $32,000.<\/p>\n<h2>Fresh Decline in BTC?<\/h2>\n<p>If bitcoin fails to clear the $30,000 resistance zone, it could start a fresh decline. An immediate support on the downside is near the $28,800 level.<\/p>\n<p>The next major support is seen near the $27,650 level. A downside break and close below the $27,650 support might accelerate losses. The next major support could be $26,200, below which the bears might aim a move towards the $25,500 support zone.<\/p>\n<div class=\"jeg_ad jeg_ad_article jnews_content_inline_3_ads  \">\n<div class=\"ads-wrapper align-center \">\n<div class=\"ads_shortcode\">\n<div class=\"jeg_ad jeg_ad_article\">\n<div class=\"ads-wrapper align-center\">\n<div class=\"ads_code\">\n<div id=\"placement_452518_0\" class=\"plc452518\">\n<div id=\"placement_452518_0_ins\"><span style=\"font-size: revert; color: initial;\">Technical indicators:<\/span><\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<p>Hourly MACD \u2013 The MACD is now gaining pace in the bullish zone.<\/p>\n<p>Hourly RSI (Relative Strength Index) \u2013 The RSI for BTC\/USD is now above the 50 level.<\/p>\n<p>Major Support Levels \u2013 $28,200, followed by $27,650.<\/p>\n<p>Major Resistance Levels \u2013 $30,000, $30,500 and $31,500.<\/p>\n<\/blockquote>\n<p><iframe loading=\"lazy\" width=\"530\" height=\"300\" src=\"https:\/\/www.youtube.com\/embed\/z_-s24uNQuM\" title=\"YouTube video player\" frameborder=\"0\" allow=\"accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture\" allowfullscreen=\"\"><\/iframe><\/p>\n<p>Check <a href=\"http:\/\/emilynews.com\/blog\/\"><span style=\"background: #FDFBAC; padding: 1px 4px;\">other news for today<\/span><\/a> and Please stand by..<\/p>\n<p>*********************************<\/p>\n<p>If one of the paying programs on our Monitor appeals to you, please support <em>EmilyNews<\/em> by registering for it on our website. Thanks very very much!<\/p>\n<p>EN web <strong>Support Chat<\/strong> | Hyips and Crypto questions \u2013 <strong><a style=\"color: #c03939; text-decoration: underline;\" href=\"http:\/\/emilynews.com\/chat\/hyips\/\">HyipChatEN<\/a><\/strong><\/p>\n<p>Telegram Chat for Crypto and Hyip reports: <strong><a href=\"https:\/\/telegram.me\/HyipChatEN\" target=\"_blank\" rel=\"noopener noreferrer\">@HyipChatEN<\/a><\/strong><\/p>\n<p>*********************************<\/p>\n<p>Be the first to get most important HYIP news everyday!<br \/>Simply Follow <a href=\"https:\/\/www.facebook.com\/EmilyNewsOnline\/\" target=\"_blank\" rel=\"noopener noreferrer\"><strong style=\"text-decoration: underline;\">EN Facebook<\/strong><\/a>, <a href=\"https:\/\/telegram.me\/CryptoHyipsEN\" target=\"_blank\" rel=\"noopener noreferrer\"><strong style=\"color: #c03939; text-decoration: underline;\">EN Telegram<\/strong><\/a>, <a href=\"https:\/\/twitter.com\/EmilyHyipNews\" target=\"_blank\" rel=\"noopener noreferrer\"><strong style=\"text-decoration: underline; font-size: 1.3em;\">EN Twitter<\/strong><\/a><br \/>or Subscribe to <strong><a style=\"color: #c03939; text-decoration: underline;\" href=\"https:\/\/feedburner.google.com\/fb\/a\/mailverify?uri=Emilynews\" target=\"_blank\" rel=\"noopener noreferrer\">EN Feedburner<\/a><\/strong> and submit your email address!<\/p>\n<p>If you like this article and want to support EN \u2013 please share it by using at least few of social media buttons below. Thanks and See you tomorrow!<\/p>\n<p><a href=\"https:\/\/emilynews.com\/blog\/wp-content\/uploads\/2020\/11\/Reminder2-1.jpg\"><img loading=\"lazy\" decoding=\"async\" class=\"alignnone size-full wp-image-13137\" src=\"https:\/\/emilynews.com\/blog\/wp-content\/uploads\/2020\/11\/Reminder2-1.jpg\" sizes=\"auto, (max-width: 544px) 100vw, 544px\" srcset=\"https:\/\/emilynews.com\/blog\/wp-content\/uploads\/2020\/11\/Reminder2-1.jpg 544w, https:\/\/emilynews.com\/blog\/wp-content\/uploads\/2020\/11\/Reminder2-1-272x300.jpg 272w\" alt=\"\" width=\"544\" height=\"600\" \/><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>&#8220;Here is the new Big crash of cryptocoins and you are all welcome to the new multiyear bear trend&#8221; &#8211; some say&#8230; &#8220;There is nothing extremely bad and this downward move was just a momentum &hellip; <a title=\"News Commentary #1,674 \u2013 Market News: BTC Break Above $30K Is Crucial..?\" class=\"exalt-read-more\" href=\"https:\/\/emilynews.com\/blog\/?p=27745\"><span class=\"screen-reader-text\">News Commentary #1,674 \u2013 Market News: BTC Break Above $30K Is Crucial..?<\/span>Read more<\/a><\/p>\n","protected":false},"author":1,"featured_media":10984,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[6],"tags":[6105,4825,6103,6102,6100,6104,6101],"class_list":["post-27745","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-information","tag-bitcoin-market-cap","tag-bitcoin-predictions","tag-bitcoinlevel","tag-crytpo-price","tag-crytpocoins","tag-ethereum-price-level","tag-hyip-market","exalt-entry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v24.3 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>News Commentary #1,674 \u2013 Market News: BTC Break Above $30K Is Crucial..? 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