{"id":1106,"date":"2024-11-06T06:00:22","date_gmt":"2024-11-06T06:00:22","guid":{"rendered":"https:\/\/ad-doge.com\/blog\/bitcoin-price-back-on-the-rise-as-trump-leads-the-pack-rally-to-continue\/"},"modified":"2024-11-06T06:00:22","modified_gmt":"2024-11-06T06:00:22","slug":"bitcoin-price-back-on-the-rise-as-trump-leads-the-pack-rally-to-continue","status":"publish","type":"post","link":"https:\/\/ad-doge.com\/blog\/bitcoin-price-back-on-the-rise-as-trump-leads-the-pack-rally-to-continue\/","title":{"rendered":"Bitcoin Price Back On The Rise as Trump Leads the Pack: Rally to Continue?"},"content":{"rendered":"<p><em>Bitcoin price is surging again above $70,000. BTC is showing signs of strength and might even clear the $73,500 resistance zone amid Trump\u2019s lead.<\/em><\/p>\n<ul>\n<li>Bitcoin started a fresh surge above the $70,000 zone.<\/li>\n<li>The price is trading above $71,000 and the 100 hourly Simple moving average.<\/li>\n<li>There was a break above a key bearish trend line with resistance at $68,450 on the hourly chart of the BTC\/USD pair (data feed from Kraken).<\/li>\n<li>The pair could struggle to rise above the $73,000 resistance zone.<\/li>\n<\/ul>\n<h2>Bitcoin Price Surges Over 5%<\/h2>\n<p>Bitcoin price remained stable the $65,500 support zone. A base was formed and BTC price started a fresh surge above the $68,500 resistance.<\/p>\n<p>Trump is clearing leading and sparking a fresh rally in BTC. The price gained over 5% and cleared the $70,000 barrier. It surpassed the 50% Fib retracement level of the downward move from the $73,574 swing high to the $66,836 low.<\/p>\n<p>There was a break above a key bearish trend line with resistance at $68,450 on the hourly chart of the BTC\/USD pair. Bitcoin price is now trading above $72,000 and the 100 hourly Simple moving average. It is also above the 76.4% Fib retracement level of the downward move from the $73,574 swing high to the $66,836 low.<\/p>\n<p>On the upside, the price could face resistance near the $72,800 level. The first key resistance is near the $73,200 level. A clear move above the $73,200 resistance might send the price higher. The next key resistance could be $74,500.<\/p>\n<p><img decoding=\"async\" data-recalc-dims=\"1\" loading=\"lazy\" class=\"wp-image-651793 size-full\" src=\"https:\/\/www.newsbtc.com\/wp-content\/uploads\/2024\/11\/Bitcoin_faf3e2.png?resize=1024%2C478\" alt=\"Bitcoin Price\" width=\"1024\" height=\"478\" \/><\/p>\n<p>A close above the $74,500 resistance might initiate more gains. In the stated case, the price could rise and test the $75,000 resistance level. Any more gains might send the price toward the $78,000 resistance level.<\/p>\n<h2>Are Dips Limited In BTC?<\/h2>\n<p>If Bitcoin fails to rise above the $73,200 resistance zone, it could start another decline. Immediate support on the downside is near the $72,000 level.<\/p>\n<p>The first major support is near the $71,200 level. The next support is now near the $70,500 zone. Any more losses might send the price toward the $70,000 support in the near term.<\/p>\n<p>Technical indicators:<\/p>\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 $72,000, followed by $71,200.<\/p>\n<p>Major Resistance Levels \u2013 $72,800, and $73,200.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Bitcoin price is surging again above $70,000. BTC is showing signs of strength and might even clear the $73,500 resistance zone amid Trump\u2019s lead. Bitcoin started a fresh surge above the $70,000 zone. The price is trading above $71,000 and the 100 hourly Simple moving average. There was a break above a key bearish trend&hellip;<\/p>\n","protected":false},"author":1,"featured_media":1107,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[142],"tags":[22,29,32,35,36,154],"class_list":["post-1106","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-btc","tag-bitcoin","tag-bitcoin-price","tag-btc","tag-btcusd","tag-btcusdt","tag-xbtusd"],"_links":{"self":[{"href":"https:\/\/ad-doge.com\/blog\/wp-json\/wp\/v2\/posts\/1106","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/ad-doge.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/ad-doge.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/ad-doge.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/ad-doge.com\/blog\/wp-json\/wp\/v2\/comments?post=1106"}],"version-history":[{"count":0,"href":"https:\/\/ad-doge.com\/blog\/wp-json\/wp\/v2\/posts\/1106\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/ad-doge.com\/blog\/wp-json\/wp\/v2\/media\/1107"}],"wp:attachment":[{"href":"https:\/\/ad-doge.com\/blog\/wp-json\/wp\/v2\/media?parent=1106"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ad-doge.com\/blog\/wp-json\/wp\/v2\/categories?post=1106"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ad-doge.com\/blog\/wp-json\/wp\/v2\/tags?post=1106"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}