{"id":206203,"date":"2019-01-03T00:00:11","date_gmt":"2019-01-03T05:00:11","guid":{"rendered":"https:\/\/insidebitcoins.com\/news\/bitcoin-price-watch-btc-primed-to-break-4k\/206203"},"modified":"2021-07-28T04:46:34","modified_gmt":"2021-07-28T08:46:34","slug":"bitcoin-price-watch-btc-primed-to-break-4k","status":"publish","type":"post","link":"https:\/\/insidebitcoins.com\/news\/bitcoin-price-watch-btc-primed-to-break-4k","title":{"rendered":"Bitcoin Price Watch: BTC Primed To Break $4K"},"content":{"rendered":"<p>&nbsp;<\/p>\n<p>Key Points<\/p>\n<ul>\n<li>Bitcoin price is grinding higher and it recently broke the $3,900 resistance against the US Dollar.<\/li>\n<li>There is a key ascending channel formed with support at $3,850 on the hourly chart of the BTC\/USD pair (data feed from Kraken).<\/li>\n<li>The price may decline a few points before it makes an attempt to clear the $4,000 resistance.<\/li>\n<\/ul>\n<p><em>Bitcoin price is showing positive signs above $3,800 against the US Dollar. BTC remains well supported on the downside for more gains above $4,000.<\/em><\/p>\n<h3>Bitcoin Price Analysis<\/h3>\n<p>Yesterday, we discussed that bitcoin price <a href=\"https:\/\/www.newsbtc.com\/2019\/01\/02\/bitcoin-price-watch-btc-remains-buy-on-dips-near-3700\/\" target=\"_blank\" rel=\"noopener\">remains buy on dips<\/a> near the $3,700 level against the US Dollar. The BTC\/USD pair remained in a nice uptrend and it moved above the $3,820 and $3,900 resistance levels. The price traded as high as $3,923 and it is currently correcting lower. It broke the $3,900 support, but it is placed well above the 100 hourly simple moving average.<\/p>\n<p>At the outset, the price is testing the 23.6% Fib retracement level of the recent wave from the $3,646 low to $3,923 high. More importantly, there is a key ascending channel formed with support at $3,850 on the hourly chart of the BTC\/USD pair. Should there be a downside break below the channel support, the price may test the $3,780 support. It represents the 50% Fib retracement level of the recent wave from the $3,646 low to $3,923 high. Therefore, if the price corrects lower in the short term, <a href=\"https:\/\/www.newsbtc.com\/2018\/12\/30\/bitcoin-price-weekly-analysis-btc-holding-key-uptrend-support\/\" target=\"_blank\" rel=\"noopener\">buyers may appear<\/a> near $3,850 or $3,780. On the upside, a break above the $3,900 and $3,930 levels may push the price towards $4,000.<\/p>\n<p><img decoding=\"async\" class=\"alignnone size-full wp-image-367107\" src=\"https:\/\/insidebitcoins.com\/wp-content\/uploads\/2019\/01\/Bitcoin-1-1.png\" alt=\"Bitcoin Price Analysis BTC Chart\" width=\"1188\" height=\"510\" \/><\/p>\n<p>Looking at the <a href=\"https:\/\/www.tradingview.com\/symbols\/XBTUSD\/\" target=\"_blank\" rel=\"noopener nofollow\">chart<\/a>, bitcoin price is trading nicely above the $3,780 support. If there are more declines, the next key support is near the $3,750 and the 100 hourly SMA.<\/p>\n<p>Looking at the technical indicators:<\/p>\n<p>Hourly MACD \u2013 The MACD for BTC\/USD is slowly moving in the bearish zone.<\/p>\n<p>Hourly RSI (Relative Strength Index) \u2013 The RSI is placed nicely above the 50 level.<\/p>\n<p>Major Support Level \u2013 $3,780<\/p>\n<p>Major Resistance Level \u2013 $3,930<\/p>\n<p>&nbsp;<\/p>\n<p>The post <a href=\"https:\/\/www.newsbtc.com\/2019\/01\/03\/bitcoin-price-watch-btc-primed-to-break-4k\/\" rel=\"nofollow\">Bitcoin Price Watch: BTC Primed To Break $4K<\/a> appeared first on <a href=\"https:\/\/www.newsbtc.com\/\" rel=\"nofollow\">NewsBTC<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"<div class=\"fin-excerpt\">&nbsp; Key Points Bitcoin price is grinding higher and it recently broke the $3,900 resistance against the US Dollar. There is a key ascending channel <a class=\"read-more-link\" href=\"https:\/\/insidebitcoins.com\/news\/bitcoin-price-watch-btc-primed-to-break-4k\" title=\"Bitcoin Price Watch: BTC Primed To Break $4K\">[&#8230;]<\/a><\/div>","protected":false},"author":168,"featured_media":206206,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"inline_featured_image":false,"_lmt_disableupdate":"","_lmt_disable":"","footnotes":""},"categories":[1],"tags":[],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v21.8 (Yoast SEO v21.8) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Bitcoin Price Watch: BTC Primed To Break $4K - InsideBitcoins.com<\/title>\n<meta name=\"description\" content=\"Bitcoin price is grinding higher and it recently broke the $3,900 resistance against the US Dollar.\" \/>\n<meta name=\"robots\" content=\"max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/insidebitcoins.com\/wp-json\/wp\/v2\/posts\/206203\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Bitcoin Price Watch: BTC Primed To Break $4K\" \/>\n<meta property=\"og:description\" content=\"Bitcoin price is grinding higher and it recently broke the $3,900 resistance against the US Dollar.\" \/>\n<meta property=\"og:site_name\" content=\"InsideBitcoins.com\" \/>\n<meta property=\"article:published_time\" content=\"2019-01-03T05:00:11+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2021-07-28T08:46:34+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/insidebitcoins.com\/wp-content\/uploads\/2019\/01\/Bitcoin-1-1-1.png\" \/>\n\t<meta property=\"og:image:width\" content=\"1188\" \/>\n\t<meta property=\"og:image:height\" content=\"510\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/png\" \/>\n<meta name=\"author\" content=\"Aayush Jindal\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Aayush Jindal\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"NewsArticle\",\"@id\":\"https:\/\/insidebitcoins.com\/wp-json\/wp\/v2\/posts\/206203#article\",\"isPartOf\":{\"@id\":\"https:\/\/insidebitcoins.com\/wp-json\/wp\/v2\/posts\/206203\"},\"author\":{\"name\":\"Aayush Jindal\",\"@id\":\"https:\/\/insidebitcoins.com\/#\/schema\/person\/aaa5044bd2bdd13b09f95b1218ca998c\"},\"headline\":\"Bitcoin Price Watch: BTC Primed To Break $4K\",\"datePublished\":\"2019-01-03T05:00:11+00:00\",\"dateModified\":\"2021-07-28T08:46:34+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/insidebitcoins.com\/wp-json\/wp\/v2\/posts\/206203\"},\"wordCount\":333,\"publisher\":{\"@id\":\"https:\/\/insidebitcoins.com\/#organization\"},\"articleSection\":[\"More Crypto News\"],\"inLanguage\":\"en-US\",\"copyrightYear\":\"2019\",\"copyrightHolder\":{\"@id\":\"https:\/\/insidebitcoins.com\/#organization\"},\"image\":{\"@id\":\"https:\/\/insidebitcoins.com\/wp-json\/wp\/v2\/posts\/206203#primaryimage\"}},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/insidebitcoins.com\/wp-json\/wp\/v2\/posts\/206203\",\"url\":\"https:\/\/insidebitcoins.com\/wp-json\/wp\/v2\/posts\/206203\",\"name\":\"Bitcoin Price Watch: BTC Primed To Break $4K - InsideBitcoins.com\",\"isPartOf\":{\"@id\":\"https:\/\/insidebitcoins.com\/#website\"},\"datePublished\":\"2019-01-03T05:00:11+00:00\",\"dateModified\":\"2021-07-28T08:46:34+00:00\",\"description\":\"Bitcoin price is grinding higher and it recently broke the $3,900 resistance against the US Dollar.\",\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/insidebitcoins.com\/wp-json\/wp\/v2\/posts\/206203\"]}],\"primaryImageOfPage\":{\"@id\":\"https:\/\/insidebitcoins.com\/wp-json\/wp\/v2\/posts\/206203#primaryimage\"},\"image\":{\"@id\":\"https:\/\/insidebitcoins.com\/wp-json\/wp\/v2\/posts\/206203#primaryimage\"}},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/insidebitcoins.com\/#website\",\"url\":\"https:\/\/insidebitcoins.com\/\",\"name\":\"InsideBitcoins.com\",\"description\":\"Search &amp; 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