{"id":175744,"date":"2021-08-08T13:24:45","date_gmt":"2021-08-08T07:54:45","guid":{"rendered":"https:\/\/ambcrypto.com\/?p=175744"},"modified":"2021-08-08T13:24:45","modified_gmt":"2021-08-08T07:54:45","slug":"bitcoin-surpasses-45000-here-are-the-levels-to-keep-an-eye-on","status":"publish","type":"post","link":"https:\/\/ambcrypto.com\/bitcoin-surpasses-45000-here-are-the-levels-to-keep-an-eye-on\/","title":{"rendered":"Bitcoin surpasses $45000! Here are the levels to keep an eye on"},"content":{"rendered":"<p>Finally! Bitcoin breached its $45,000 level, after breaking through a series of resistance levels.<\/p>\n<figure id=\"attachment_175746\" aria-describedby=\"caption-attachment-175746\" style=\"width: 1280px\" class=\"wp-caption aligncenter\"><a href=\"http:\/\/ambcrypto.com\/wp-content\/uploads\/2021\/08\/BTCUSD_2021-08-08_12-47-14-1.png\" target=\"_blank\" rel=\"noopener\"><img decoding=\"async\" class=\"wp-image-175746 size-full\" src=\"http:\/\/ambcrypto.com\/wp-content\/uploads\/2021\/08\/BTCUSD_2021-08-08_12-47-14-1.png\" alt=\"\" width=\"1280\" height=\"524\" srcset=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2021\/08\/BTCUSD_2021-08-08_12-47-14-1.png 1280w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2021\/08\/BTCUSD_2021-08-08_12-47-14-1-300x123.png 300w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2021\/08\/BTCUSD_2021-08-08_12-47-14-1-1024x419.png 1024w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2021\/08\/BTCUSD_2021-08-08_12-47-14-1-768x314.png 768w\" sizes=\"(max-width: 1280px) 100vw, 1280px\" \/><\/a><figcaption id=\"caption-attachment-175746\" class=\"wp-caption-text\">Source: BTCUSD on TradingView<\/figcaption><\/figure>\n<p>Since the fall in May, Bitcoin price traded within a vast range between $30,000 and $42,000. As visible in the chart above, the crypto bounced between the highs and lows, while maintaining a mid-level at $36,500.<\/p>\n<p>As per data collected earlier this year, $42,000 has been a crucial range. In January 2021, Bitcoin hit its first peak at $42,000, after which it underwent a period of brief correction to re-test the $42k peak before undergoing minimal correction to $30,000. However, as the price gained strength at $30,000, the market rallied the digital asset to a new high at $64,000.<\/p>\n<p>We could see a similar breakout take place in the BTC market currently. If the market could sustain this rally, BTC could become range-bound at $49,000 and $52,000. However, this would be possible only if the price holds above $42,000. In case of a price reversal, BTC could drop to $36,500 which has previously proved to be a strong support.<\/p>\n<p>At the time of press, Bitcoin was trading at $44,947 and the remaining crypto market was also marching higher. Ethereum has been leading this round of surge again as it witnessed an almost 27% rally in the past 2 days. Meanwhile, other alts were also noting a strong upward trends. This sudden rally has moved the market sentiment towards greed.<\/p>\n<figure id=\"attachment_175750\" aria-describedby=\"caption-attachment-175750\" style=\"width: 539px\" class=\"wp-caption aligncenter\"><a href=\"http:\/\/ambcrypto.com\/wp-content\/uploads\/2021\/08\/Alternative.jpg\" target=\"_blank\" rel=\"noopener\"><img decoding=\"async\" class=\"wp-image-175750 size-full\" src=\"http:\/\/ambcrypto.com\/wp-content\/uploads\/2021\/08\/Alternative.jpg\" alt=\"\" width=\"539\" height=\"343\" srcset=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2021\/08\/Alternative.jpg 539w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2021\/08\/Alternative-300x191.jpg 300w\" sizes=\"(max-width: 539px) 100vw, 539px\" \/><\/a><figcaption id=\"caption-attachment-175750\" class=\"wp-caption-text\">Source: <a href=\"https:\/\/alternative.me\/crypto\/fear-and-greed-index\/\">Alternative. me<\/a><\/figcaption><\/figure>\n<p>It can be seen that until last month, which was a few days ago, the market was still in &#8216;Extreme Fear&#8217; level, however, as the price started to build higher, the sentiment has now reached &#8216;Greed&#8217; and was gaining momentum.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Finally! Bitcoin breached its $45,000 level, after breaking through a series of resistance levels. Since the fall in May, Bitcoin price traded within a vast range between $30,000 and $42,000. As visible in the chart above, the crypto bounced between the highs and lows, while maintaining a mid-level at $36,500. As per data collected earlier<a href=\"https:\/\/ambcrypto.com\/bitcoin-surpasses-45000-here-are-the-levels-to-keep-an-eye-on\/\">Continue reading <span class=\"sr-only\">&#8220;Bitcoin surpasses $45000! Here are the levels to keep an eye on&#8221;<\/span><\/a><\/p>\n","protected":false},"author":22,"featured_media":175747,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"om_disable_all_campaigns":false,"footnotes":""},"categories":[35,360,66,3,4,20],"tags":[],"class_list":["post-175744","post","type-post","status-publish","format-standard","has-post-thumbnail","category-bitcoin-news","category-btc-trading-view","category-new-news","category-news","category-social","category-trading-view"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v28.0 (Yoast SEO v28.4) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Bitcoin surpasses $45000! 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