• News
    • Bitcoin
    • Altcoins
    • Blockchain
    • DeFi
    • Regulation
    • Scams
  • NFT
  • Metaverse
  • Analysis
  • Learn
  • Videos
  • Blogs
  • Market Cap
  • Shop
What's Hot

Bull Market Restarted!!!

2025-08-12

Bitcoin Holders…Watch Out For This

2025-08-11

This is the Breakout Zone for Bitcoin and Crypto

2025-08-11

Subscribe to Updates

Get the latest creative news from FooBar about art, design and business.

Facebook Twitter Instagram
Crypto Investor News Network
  • News
    • Bitcoin
    • Altcoins
    • Blockchain
    • DeFi
    • Regulation
    • Scams
  • NFT

    All Eyes on Art: Upcoming Collections to Watch the Week of February 4

    2025-02-05

    Creator of rabbit AI assistant has hidden NFT past

    2024-05-02

    Ethereum tops daily NFT sales at US$7 mln, ends weakest month of 2024

    2024-05-02

    Top NFT Airdrops and Giveaways for May 2024

    2024-05-02

    Casio Launches NFT Collection Celebrating 50th Anniversary

    2024-05-01
  • Metaverse

    Shib: The Metaverse – Part of the Expanding Shiba Inu Ecosystem

    2025-01-03

    Experience to Earn: Everdome’s Metaverse Frontier

    2024-12-30

    Beyond Bots: Meta Motivo and the Dawn of Humanlike Digital Life

    2024-12-13

    Exploring NetVRk: What Is Behind This AI-Driven Virtual Universe?

    2024-10-28

    Council of Europe Highlights Metaverse’s Impact on Privacy and Democracy

    2024-09-05
  • Analysis

    Crypto Exchange Coinbase Lists New DeFi Altcoin Project Built on Base Blockchain

    2023-12-13

    Ethereum Price Bears Keep Pushing, Why Decline Isn’t Over Yet

    2023-12-13

    Trader Bullish on Cosmos (ATOM), Says One Dogecoin Rival Setting Up for Next Leg Up – Here’s His Outlook

    2023-12-13

    AVAX Price Pumps 50% and Dumps 15%, Why Uptrend Is Still Strong

    2023-12-13

    Top Trader Predicts Parabolic Rally for Solana Competitor – Here’s His Upside Target

    2023-12-13
  • Learn

    What is Crypto FOMO? How to Avoid Emotional Investing Mistakes

    2025-08-11

    What Is Crypto Arbitrage and How to Use It in Trading?

    2025-08-06

    What’s the Difference & Which Is Better to Trade?

    2025-08-01

    Think Your Cold Wallet Is Safe? Not If You Make These 7 Mistakes

    2025-07-31

    What are Decentralized Autonomous Organizations (DAO)? The Pros, Cons, and Real-World Examples

    2025-07-25
  • Videos

    Bull Market Restarted!!!

    2025-08-12

    Bitcoin Holders…Watch Out For This

    2025-08-11

    This is the Breakout Zone for Bitcoin and Crypto

    2025-08-11

    (Don’t) Sell All Your Bitcoin For Ethereum!

    2025-08-11

    Bitcoin Strength Returns | Crypto Bull Week

    2025-08-10
  • Blogs
  • Market Cap
  • Shop
Facebook Twitter Instagram TikTok
Crypto Investor News Network
Home»Analysis»Bitcoin Price Regains Strength Post Fed Hike, $30K Could Be Next
Analysis

Bitcoin Price Regains Strength Post Fed Hike, $30K Could Be Next

2023-05-03No Comments2 Mins Read
Facebook Twitter Pinterest LinkedIn Tumblr Email
Share
Facebook Twitter LinkedIn Pinterest Email

Bitcoin price is recovering and trading above $29,000. BTC is slowly moving higher and the bulls might soon aim for a move toward the $30,000 resistance.

  • Bitcoin is attempting a recovery wave above the $28,800 resistance zone.
  • The price is trading above $28,800 and the 100 hourly Simple moving average.
  • There was a break above a key contracting triangle with resistance near $28,700 on the hourly chart of the BTC/USD pair (data feed from Kraken).
  • The pair could rise further and revisit the $30,000 resistance zone.

Bitcoin Price Recovers Losses

Bitcoin price remained well-bid above the $28,000 support zone. BTC started a decent recovery wave above the $28,500 resistance zone. It even broke the $28,800 resistance after the Fed announced another rate hike from 5% to 5.25%.

There was a break above a key contracting triangle with resistance near $28,700 on the hourly chart of the BTC/USD pair. The pair is now trading above $28,800 and the 100 hourly Simple moving average.

Bitcoin price is currently consolidating near the 61.8% Fib retracement level of the main decline from the $29,975 swing high to the $27,664 low. Immediate resistance is near the $29,200 level.

The next major resistance sits near the $29,420 zone. It is close to the 76.4% Fib retracement level of the main decline from the $29,975 swing high to the $27,664 low. A proper move above the $29,420 resistance zone might send the price toward the $30,000 resistance zone.

Bitcoin Price

Source: BTCUSD on TradingView.com

Any more gains could open the doors for a test of the $30,500 resistance. In the stated case, the price may perhaps rise toward the $31,200 level.

See also  BITCOIN Buying Frenzy!! Here’s What Institutions Are Doing!

Are Dips Supported in BTC?

If Bitcoin’s price fails to clear the $29,200 resistance, it could start a downside correction. Immediate support on the downside is near the $28,800 level and the triangle trend line.

The next major support is near the $28,650 zone or the 100 hourly Simple moving average, below which the price might drop toward the $28,400 support zone. Any more losses might take Bitcoin toward the $28,000 level in the near term.

Technical indicators:

Hourly MACD – The MACD is now gaining pace in the bullish zone.

Hourly RSI (Relative Strength Index) – The RSI for BTC/USD is now above the 50 level.

Major Support Levels – $28,800, followed by $28,650.

Major Resistance Levels – $29,200, $29,420, and $30,000.

30k Bitcoin Fed hike post Price Regains strength
Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

Bitcoin Holders…Watch Out For This

2025-08-11

This is the Breakout Zone for Bitcoin and Crypto

2025-08-11

(Don’t) Sell All Your Bitcoin For Ethereum!

2025-08-11

Bitcoin Strength Returns | Crypto Bull Week

2025-08-10
Add A Comment

Leave A Reply Cancel Reply

Top Posts
NFT

‘Spider-Man’ and ‘X-Men’ NFT Comics Hit Ethereum in VeVe’s New App

2024-03-14

Ethereum NFT collectibles platform Veve has launched its new VeVe Comics platform and digital comic…

Videos

Bitcoin to $80,000 in 2024 | Memes Bonk and Snek PUMP

2023-12-15

Today let’s talk about Bitcoin and why it’s heading to $80000 in 2024. Also meme…

Most blockchain advocates haven‘t even used Bitcoin

2023-03-03

Bitcoin (BTC) popularised the term blockchain. While blockchains, or decentralized and distributed digital ledgers used…

Subscribe to Updates

Get the latest news and Update from CINN about Crypto, Metaverse and NFT.

Editors Picks

Bull Market Restarted!!!

2025-08-12

Bitcoin Holders…Watch Out For This

2025-08-11

This is the Breakout Zone for Bitcoin and Crypto

2025-08-11

What is Crypto FOMO? How to Avoid Emotional Investing Mistakes

2025-08-11
Crypto Investor News Network
Facebook Twitter Instagram TikTok
  • Contact
  • Terms & Conditions
  • Privacy Policy
  • DMCA
  • Disclouser
© 2025 - All rights are reserved.

Type above and press Enter to search. Press Esc to cancel.

bitcoin
Bitcoin (BTC) $ 122,642.86
ethereum
Ethereum (ETH) $ 4,728.75
xrp
XRP (XRP) $ 3.28
tether
Tether (USDT) $ 1.00
bnb
BNB (BNB) $ 844.71
solana
Solana (SOL) $ 201.29
usd-coin
USDC (USDC) $ 1.00
staked-ether
Lido Staked Ether (STETH) $ 4,711.73
dogecoin
Dogecoin (DOGE) $ 0.243615
tron
TRON (TRX) $ 0.360864
bitcoin
Bitcoin (BTC) $ 122,642.86
ethereum
Ethereum (ETH) $ 4,728.75
xrp
XRP (XRP) $ 3.28
tether
Tether (USDT) $ 1.00
bnb
BNB (BNB) $ 844.71
solana
Solana (SOL) $ 201.29
usd-coin
USDC (USDC) $ 1.00
staked-ether
Lido Staked Ether (STETH) $ 4,711.73
dogecoin
Dogecoin (DOGE) $ 0.243615
tron
TRON (TRX) $ 0.360864