{"id":195582,"date":"2023-08-30T04:50:26","date_gmt":"2023-08-30T08:50:26","guid":{"rendered":"https:\/\/ibkrcampus.com\/?p=195582"},"modified":"2024-01-24T12:12:40","modified_gmt":"2024-01-24T17:12:40","slug":"chart-advisor-bitcoin-surges-off-support","status":"publish","type":"post","link":"https:\/\/www.interactivebrokers.com\/campus\/traders-insight\/securities\/macro\/chart-advisor-bitcoin-surges-off-support\/","title":{"rendered":"Chart Advisor: Bitcoin Surges Off Support"},"content":{"rendered":"\n<p>By&nbsp;<a href=\"https:\/\/links.investopedia.com\/u\/click?_t=36ba8fa8372241d58b3bfc06997a4332&amp;_m=48ea5fe6989a4461b22938256343b1e6&amp;_e=g3ygoBueDPBumbI1BMOhmhsgPFFVIEqnk7249QR45rs-Z9vi8TsRCrog0UhS-ucEXxTXuIw6eOrmRbxZVlW6F8Ym_NPhJbORFZHZ8huOBE0vgI0b0w9DKjd4rA_6JGZcuRku93TitUFkdhvB5v5dvovIOmaTB_-HOOTE9YJjcdeD3GAVSKR80cuc7XaNION_yrlmiAQdr47XkQA57KmyE8S579CYqkEfjkSqOC0ioRME9R7Uixb13w4CyyMNWZCVCgyTXiBaJLu0QkBKame286ozWf9progyeSZwf0K6FFi03BcLZPGvbuefYVJ016OP3kjoid1rp1NnbBSQFxh21ns8swbEBYl4PQa_fPArL_oeUUqyjjZ3otTwgeQ-6juadQvYbhT2hDItv0WCyBrCWeE-DEaAIKMMYehY8Oz9A9aF_MCIjM8JceVLi7-eVqyji0G5bGrLG2L4ITFpxkqqew%3D%3D\" target=\"_blank\" rel=\"noreferrer noopener\"><strong>J.C. Parets<\/strong><\/a>&nbsp;&amp;&nbsp;<a href=\"https:\/\/links.investopedia.com\/u\/click?_t=36ba8fa8372241d58b3bfc06997a4332&amp;_m=48ea5fe6989a4461b22938256343b1e6&amp;_e=g3ygoBueDPBumbI1BMOhmuKtk6FM91ZTa7WtmPO1dtRcWifygkI0RW809SDgLVw6XATk5MJrKpoggcVvO3UvV7_o4xonC4_NNSOFtd0EREciO_H8kmPz90_DxMqdf3d-XSZ6r5uUYr1v6v-fMhNo1vh7MT1tiURfKxzAX1gKE8L8wxOmqNAomHHp7uHSiHEFsfz5Sd13t6PqmY3ooFit6yMwk_OcJRIHh4FP4lGV9RnXUted1RGhkMrlw87RPjSpLAnXdG4oBsgsNtzT7t33Tfo0lDe-L2vzbg_Z7WImVJc4oOZ3E5eBBQYRw0ZVanD6SVw9RDomfwuqi-WcOHLSgi6IDBi-g2udSzRjME44WS0fZ75Sl2QkTZS3K9KdvljBDlqnoRqqtGV7jIbcCA2QQHm2Nygj2FAHEFryVz3ZTaqooxuXNP3CjniDToV4TUHq\" target=\"_blank\" rel=\"noreferrer noopener\"><strong>All Star Charts<\/strong><\/a><\/p>\n\n\n\n<p><strong>1\/ Bitcoin Surges Off Support<\/strong><\/p>\n\n\n\n<p><strong>2\/ Tech Reasserts Leadership<\/strong><\/p>\n\n\n\n<p><strong>3\/ Mastercard Makes New Highs<\/strong><\/p>\n\n\n\n<p><strong>4\/ Commodities Bring the Base<\/strong><\/p>\n\n\n\n<p><em>Investopedia is partnering with All Star Charts on this newsletter, which both sells its research to investors, and may trade or hold positions in securities mentioned herein. The contents of this newsletter are for informational and educational purposes only, however, and do not constitute investing advice.<\/em><\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-1-bitcoin-surges-off-support\">1\/ <strong>Bitcoin Surges Off Support<\/strong><\/h2>\n\n\n\n<p><a href=\"https:\/\/www.investopedia.com\/markets\/quote?tvwidgetsymbol=btcusd&amp;hid=52e0514b725a58fa5560211dfc847e5115778175&amp;did=10121200-20230830&amp;utm_campaign=chart-advisor_newsletter&amp;utm_source=investopedia&amp;utm_medium=email&amp;utm_content=083023\" target=\"_blank\" rel=\"noreferrer noopener\">Bitcoin<\/a>&nbsp;(<a href=\"https:\/\/www.investopedia.com\/markets\/quote?tvwidgetsymbol=btcusd&amp;hid=52e0514b725a58fa5560211dfc847e5115778175&amp;did=10121200-20230830&amp;utm_campaign=chart-advisor_newsletter&amp;utm_source=investopedia&amp;utm_medium=email&amp;utm_content=083023\" target=\"_blank\" rel=\"noreferrer noopener\">BTC\/USD<\/a>) surged more than 6% in today\u2019s session after the D.C. Court of Appeals&nbsp;<a href=\"https:\/\/www.investopedia.com\/court-rules-sec-was-wrong-to-block-bitcoin-etf-7963127?hid=52e0514b725a58fa5560211dfc847e5115778175&amp;did=10121200-20230830&amp;utm_campaign=chart-advisor_newsletter&amp;utm_source=investopedia&amp;utm_medium=email&amp;utm_content=083023\" target=\"_blank\" rel=\"noreferrer noopener\">gave the green light<\/a>&nbsp;to the first Bitcoin ETF. Crypto stocks like Coinbase (<a href=\"https:\/\/www.investopedia.com\/markets\/quote?tvwidgetsymbol=coin&amp;hid=52e0514b725a58fa5560211dfc847e5115778175&amp;did=10121200-20230830&amp;utm_campaign=chart-advisor_newsletter&amp;utm_source=investopedia&amp;utm_medium=email&amp;utm_content=083023\" target=\"_blank\" rel=\"noreferrer noopener\">COIN<\/a>) and Microstrategy (<a href=\"https:\/\/www.investopedia.com\/markets\/quote?tvwidgetsymbol=mstr&amp;hid=52e0514b725a58fa5560211dfc847e5115778175&amp;did=10121200-20230830&amp;utm_campaign=chart-advisor_newsletter&amp;utm_source=investopedia&amp;utm_medium=email&amp;utm_content=083023\" target=\"_blank\" rel=\"noreferrer noopener\">MSTR<\/a>) also enjoyed big gains.<\/p>\n\n\n\n<p>As you can see, Bitcoin\u2019s price bounced off a shelf of former highs, printing its best single day since mid-March:<\/p>\n\n\n\n<figure class=\"wp-block-image size-large\"><img decoding=\"async\" data-src=\"\/campus\/wp-content\/uploads\/sites\/2\/2023\/08\/1-39-1100x541.png\" alt=\"\" class=\"wp-image-195583 lazyload\" src=\"data:image\/svg+xml;base64,PHN2ZyB3aWR0aD0iMSIgaGVpZ2h0PSIxIiB4bWxucz0iaHR0cDovL3d3dy53My5vcmcvMjAwMC9zdmciPjwvc3ZnPg==\" style=\"--smush-placeholder-width: 1100px; aspect-ratio: 1100\/541;\" \/><\/figure>\n\n\n\n<p>This level also represents the&nbsp;<a href=\"https:\/\/www.investopedia.com\/terms\/v\/vwap.asp?hid=52e0514b725a58fa5560211dfc847e5115778175&amp;did=10121200-20230830&amp;utm_campaign=chart-advisor_newsletter&amp;utm_source=investopedia&amp;utm_medium=email&amp;utm_content=083023\" target=\"_blank\" rel=\"noreferrer noopener\">anchored volume-weighted average price (AVWAP)<\/a>&nbsp;from last year\u2019s lows, making it a crucial area of former resistance turned support. As long as BTC stays above this polarity zone at $25,000, the chart has the looks of a textbook reversal pattern.<\/p>\n\n\n\n<p>Bitcoin bulls will be looking for confirmation at the&nbsp;<a href=\"https:\/\/www.investopedia.com\/terms\/p\/pivotpoint.asp?hid=52e0514b725a58fa5560211dfc847e5115778175&amp;did=10121200-20230830&amp;utm_campaign=chart-advisor_newsletter&amp;utm_source=investopedia&amp;utm_medium=email&amp;utm_content=083023\" target=\"_blank\" rel=\"noreferrer noopener\">pivot highs<\/a>&nbsp;and $30,000 level. If and when we get it, we could see a big rally from the world\u2019s largest cryptocurrency.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-2-tech-reasserts-leadership\">2\/ <strong>Tech Reasserts Leadership<\/strong><\/h2>\n\n\n\n<p>Over the past two months, technology stocks have endured a&nbsp;<a href=\"https:\/\/www.investopedia.com\/terms\/c\/correction.asp?hid=52e0514b725a58fa5560211dfc847e5115778175&amp;did=10121200-20230830&amp;utm_campaign=chart-advisor_newsletter&amp;utm_source=investopedia&amp;utm_medium=email&amp;utm_content=083023\" target=\"_blank\" rel=\"noreferrer noopener\">corrective<\/a>&nbsp;period in both absolute and relative terms. However, the charts suggest that this may be changing.<\/p>\n\n\n\n<p>As you can see, after a massive base&nbsp;<a href=\"https:\/\/www.investopedia.com\/terms\/b\/breakout.asp?hid=52e0514b725a58fa5560211dfc847e5115778175&amp;did=10121200-20230830&amp;utm_campaign=chart-advisor_newsletter&amp;utm_source=investopedia&amp;utm_medium=email&amp;utm_content=083023\" target=\"_blank\" rel=\"noreferrer noopener\">breakout<\/a>&nbsp;this year, the large-cap technology sector (<a href=\"https:\/\/www.investopedia.com\/markets\/quote?tvwidgetsymbol=xlk&amp;hid=52e0514b725a58fa5560211dfc847e5115778175&amp;did=10121200-20230830&amp;utm_campaign=chart-advisor_newsletter&amp;utm_source=investopedia&amp;utm_medium=email&amp;utm_content=083023\" target=\"_blank\" rel=\"noreferrer noopener\">XLK<\/a>) has pulled back to a shelf of former highs relative to the S&amp;P 500 (<a href=\"https:\/\/www.investopedia.com\/markets\/quote?tvwidgetsymbol=spy&amp;hid=52e0514b725a58fa5560211dfc847e5115778175&amp;did=10121200-20230830&amp;utm_campaign=chart-advisor_newsletter&amp;utm_source=investopedia&amp;utm_medium=email&amp;utm_content=083023\" target=\"_blank\" rel=\"noreferrer noopener\">SPY<\/a>):<\/p>\n\n\n\n<figure class=\"wp-block-image size-large\"><img decoding=\"async\" data-src=\"\/campus\/wp-content\/uploads\/sites\/2\/2023\/08\/2-21-1100x532.png\" alt=\"\" class=\"wp-image-195584 lazyload\" src=\"data:image\/svg+xml;base64,PHN2ZyB3aWR0aD0iMSIgaGVpZ2h0PSIxIiB4bWxucz0iaHR0cDovL3d3dy53My5vcmcvMjAwMC9zdmciPjwvc3ZnPg==\" style=\"--smush-placeholder-width: 1100px; aspect-ratio: 1100\/532;\" \/><\/figure>\n\n\n\n<p>A rising 200-day&nbsp;<a href=\"https:\/\/www.investopedia.com\/terms\/m\/movingaverage.asp?hid=52e0514b725a58fa5560211dfc847e5115778175&amp;did=10121200-20230830&amp;utm_campaign=chart-advisor_newsletter&amp;utm_source=investopedia&amp;utm_medium=email&amp;utm_content=083023\" target=\"_blank\" rel=\"noreferrer noopener\">moving average<\/a>&nbsp;is also at this level, making it a logical place for the sector to reassert its old leadership.<\/p>\n\n\n\n<p>As long as XLK\/SPY remains above support, tech stocks are likely to continue outperforming the broader market over longer time frames.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-3-mastercard-makes-new-highs\">3\/ <strong>Mastercard Makes New Highs<\/strong><\/h2>\n\n\n\n<p>With the market showing bullish follow-through this week, a tradable low could be in for U.S. stocks. With the late-summer selling pressure receding, some of the strongest stocks are making moves back to fresh&nbsp;<a href=\"https:\/\/www.investopedia.com\/terms\/r\/record_high.asp?hid=52e0514b725a58fa5560211dfc847e5115778175&amp;did=10121200-20230830&amp;utm_campaign=chart-advisor_newsletter&amp;utm_source=investopedia&amp;utm_medium=email&amp;utm_content=083023\" target=\"_blank\" rel=\"noreferrer noopener\">all-time highs<\/a>.<\/p>\n\n\n\n<p>As the 20th largest public company in the world, Mastercard (<a href=\"https:\/\/www.investopedia.com\/markets\/quote?tvwidgetsymbol=ma&amp;hid=52e0514b725a58fa5560211dfc847e5115778175&amp;did=10121200-20230830&amp;utm_campaign=chart-advisor_newsletter&amp;utm_source=investopedia&amp;utm_medium=email&amp;utm_content=083023\" target=\"_blank\" rel=\"noreferrer noopener\">MA<\/a>) is a major component in many large-cap indexes. It is also one of the first among its&nbsp;<a href=\"https:\/\/www.investopedia.com\/terms\/m\/megacap.asp?hid=52e0514b725a58fa5560211dfc847e5115778175&amp;did=10121200-20230830&amp;utm_campaign=chart-advisor_newsletter&amp;utm_source=investopedia&amp;utm_medium=email&amp;utm_content=083023\" target=\"_blank\" rel=\"noreferrer noopener\">mega-cap<\/a>&nbsp;peers to achieve new all-time highs.<\/p>\n\n\n\n<figure class=\"wp-block-image size-large\"><img decoding=\"async\" data-src=\"\/campus\/wp-content\/uploads\/sites\/2\/2023\/08\/4-20-1100x537.png\" alt=\"\" class=\"wp-image-195585 lazyload\" src=\"data:image\/svg+xml;base64,PHN2ZyB3aWR0aD0iMSIgaGVpZ2h0PSIxIiB4bWxucz0iaHR0cDovL3d3dy53My5vcmcvMjAwMC9zdmciPjwvc3ZnPg==\" style=\"--smush-placeholder-width: 1100px; aspect-ratio: 1100\/537;\" \/><\/figure>\n\n\n\n<p>Here is a weekly chart showing the credit services stock resolving higher from a multi-year base that formed following its rally off the COVID lows.&nbsp;<\/p>\n\n\n\n<p>As long as Mastercard stock holds above its pivot highs just beneath $400, the bias is higher, and we could see a fresh mark-up phase. Stocks that show&nbsp;<a href=\"https:\/\/www.investopedia.com\/terms\/r\/relativestrength.asp?hid=52e0514b725a58fa5560211dfc847e5115778175&amp;did=10121200-20230830&amp;utm_campaign=chart-advisor_newsletter&amp;utm_source=investopedia&amp;utm_medium=email&amp;utm_content=083023\" target=\"_blank\" rel=\"noreferrer noopener\">relative strength<\/a>&nbsp;by falling the least during corrective phases tend to be the same ones that rally the most when the trend resumes. This could be the case with Mastercard in the coming weeks and months.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-4-commodities-bring-the-base\">4\/ <strong>Commodities Bring the Base<\/strong><\/h2>\n\n\n\n<p>Big bases proliferate&nbsp;<a href=\"https:\/\/www.investopedia.com\/terms\/c\/commodity.asp?hid=52e0514b725a58fa5560211dfc847e5115778175&amp;did=10121200-20230830&amp;utm_campaign=chart-advisor_newsletter&amp;utm_source=investopedia&amp;utm_medium=email&amp;utm_content=083023\" target=\"_blank\" rel=\"noreferrer noopener\">commodity<\/a>&nbsp;charts. It doesn\u2019t matter what group we\u2019re reviewing\u2014from energy to precious metals\u2014massive decade-plus bottoming formations are the norm.<\/p>\n\n\n\n<p>Check out our Equal-Weight Livestock Index (comprising live cattle, feeder cattle, and lean hog&nbsp;<a href=\"https:\/\/www.investopedia.com\/terms\/f\/futurescontract.asp?hid=52e0514b725a58fa5560211dfc847e5115778175&amp;did=10121200-20230830&amp;utm_campaign=chart-advisor_newsletter&amp;utm_source=investopedia&amp;utm_medium=email&amp;utm_content=083023\" target=\"_blank\" rel=\"noreferrer noopener\">futures<\/a>):<\/p>\n\n\n\n<figure class=\"wp-block-image size-large\"><img decoding=\"async\" data-src=\"\/campus\/wp-content\/uploads\/sites\/2\/2023\/08\/3-20-1100x561.png\" alt=\"\" class=\"wp-image-195586 lazyload\" src=\"data:image\/svg+xml;base64,PHN2ZyB3aWR0aD0iMSIgaGVpZ2h0PSIxIiB4bWxucz0iaHR0cDovL3d3dy53My5vcmcvMjAwMC9zdmciPjwvc3ZnPg==\" style=\"--smush-placeholder-width: 1100px; aspect-ratio: 1100\/561;\" \/><\/figure>\n\n\n\n<p>The index finds resistance at its former 2014 highs as the individual cattle contracts advance.<\/p>\n\n\n\n<p>October contracts for live and feeder cattle are challenging fresh highs. This comes after new all-time highs were reached for both cattle futures earlier this year.<\/p>\n\n\n\n<p>While the cure for high prices is often higher prices, the&nbsp;<a href=\"https:\/\/www.investopedia.com\/terms\/u\/uptrend.asp?hid=52e0514b725a58fa5560211dfc847e5115778175&amp;did=10121200-20230830&amp;utm_campaign=chart-advisor_newsletter&amp;utm_source=investopedia&amp;utm_medium=email&amp;utm_content=083023\" target=\"_blank\" rel=\"noreferrer noopener\">uptrend<\/a>&nbsp;for cattle has matured. Perhaps livestock contracts are due for a period of digestion below the 2014 highs.<\/p>\n\n\n\n<p>&#8212;<\/p>\n\n\n\n<p>Originally posted 29th August 2023<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Bitcoin (BTC\/USD) surged more than 6% in today\u2019s session after the D.C. Court of Appeals gave the green light to the first Bitcoin ETF. Crypto stocks like Coinbase (COIN) and Microstrategy (MSTR) also enjoyed big gains.<\/p>\n","protected":false},"author":186,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":"","jetpack_post_was_ever_published":false},"categories":[21,14,17,18,6,9,22,23,26,3],"tags":[15119,14275,2033,898,262,1302],"contributors-categories":[13686],"class_list":{"0":"post-195582","1":"post","2":"type-post","3":"status-publish","4":"format-standard","6":"category-commodities","7":"category-etfs","8":"category-futures","9":"category-macro","10":"category-north-america","11":"category-securities","12":"category-stocks","13":"category-technical-analysis","14":"category-text-articles","15":"category-traders-insight","16":"tag-asc","17":"tag-avwap","18":"tag-btc","19":"tag-ma","20":"tag-spy","21":"tag-xlk","22":"contributors-categories-investopedia"},"pp_statuses_selecting_workflow":false,"pp_workflow_action":"current","pp_status_selection":"publish","acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v26.9 (Yoast SEO v27.8) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Chart Advisor: Bitcoin Surges Off Support | Traders&#039; Insight<\/title>\n<meta name=\"description\" content=\"Bitcoin (BTC\/USD) surged more than 6% in today\u2019s session after the D.C. Court of Appeals gave the green light to the first Bitcoin ETF. Crypto stocks...\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.interactivebrokers.com\/campus\/wp-json\/wp\/v2\/posts\/195582\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Chart Advisor: Bitcoin Surges Off Support | IBKR Campus US\" \/>\n<meta property=\"og:description\" content=\"Bitcoin (BTC\/USD) surged more than 6% in today\u2019s session after the D.C. Court of Appeals gave the green light to the first Bitcoin ETF. Crypto stocks like Coinbase (COIN) and Microstrategy (MSTR) also enjoyed big gains.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.interactivebrokers.com\/campus\/traders-insight\/securities\/macro\/chart-advisor-bitcoin-surges-off-support\/\" \/>\n<meta property=\"og:site_name\" content=\"IBKR Campus US\" \/>\n<meta property=\"article:published_time\" content=\"2023-08-30T08:50:26+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2024-01-24T17:12:40+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.ibkrcampusdev.wpengine.com\/campus\/wp-content\/uploads\/sites\/2\/2023\/08\/1-39-1100x541.png\" \/>\n<meta name=\"author\" content=\"Contributor Author\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Contributor Author\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"4 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\n\t    \"@context\": \"https:\\\/\\\/schema.org\",\n\t    \"@graph\": [\n\t        {\n\t            \"@type\": \"NewsArticle\",\n\t            \"@id\": \"https:\\\/\\\/www.interactivebrokers.com\\\/campus\\\/traders-insight\\\/securities\\\/macro\\\/chart-advisor-bitcoin-surges-off-support\\\/#article\",\n\t            \"isPartOf\": {\n\t                \"@id\": \"https:\\\/\\\/www.interactivebrokers.com\\\/campus\\\/traders-insight\\\/securities\\\/macro\\\/chart-advisor-bitcoin-surges-off-support\\\/\"\n\t            },\n\t            \"author\": {\n\t                \"name\": \"Contributor Author\",\n\t                \"@id\": \"https:\\\/\\\/ibkrcampus.com\\\/campus\\\/#\\\/schema\\\/person\\\/e823e46b42ca381080387e794318a485\"\n\t            },\n\t            \"headline\": \"Chart Advisor: Bitcoin Surges Off Support\",\n\t            \"datePublished\": \"2023-08-30T08:50:26+00:00\",\n\t            \"dateModified\": \"2024-01-24T17:12:40+00:00\",\n\t            \"mainEntityOfPage\": {\n\t                \"@id\": \"https:\\\/\\\/www.interactivebrokers.com\\\/campus\\\/traders-insight\\\/securities\\\/macro\\\/chart-advisor-bitcoin-surges-off-support\\\/\"\n\t            },\n\t            \"wordCount\": 631,\n\t            \"commentCount\": 0,\n\t            \"publisher\": {\n\t                \"@id\": \"https:\\\/\\\/ibkrcampus.com\\\/campus\\\/#organization\"\n\t            },\n\t            \"image\": {\n\t                \"@id\": \"https:\\\/\\\/www.interactivebrokers.com\\\/campus\\\/traders-insight\\\/securities\\\/macro\\\/chart-advisor-bitcoin-surges-off-support\\\/#primaryimage\"\n\t            },\n\t            \"thumbnailUrl\": \"https:\\\/\\\/www.ibkrcampusdev.wpengine.com\\\/campus\\\/wp-content\\\/uploads\\\/sites\\\/2\\\/2023\\\/08\\\/1-39-1100x541.png\",\n\t            \"keywords\": [\n\t                \"ASC\",\n\t                \"AVWAP\",\n\t                \"BTC\",\n\t                \"MA\",\n\t                \"SPY\",\n\t                \"XLK\"\n\t            ],\n\t            \"articleSection\": [\n\t                \"Commodities\",\n\t                \"ETFs\",\n\t                \"Futures\",\n\t                \"Macro\",\n\t                \"North America\",\n\t                \"Securities\",\n\t                \"Stocks\",\n\t                \"Technical Analysis\",\n\t                \"Text Articles\",\n\t                \"Traders' Insight\"\n\t            ],\n\t            \"inLanguage\": \"en-US\",\n\t            \"potentialAction\": [\n\t                {\n\t                    \"@type\": \"CommentAction\",\n\t                    \"name\": \"Comment\",\n\t                    \"target\": [\n\t                        \"https:\\\/\\\/www.interactivebrokers.com\\\/campus\\\/traders-insight\\\/securities\\\/macro\\\/chart-advisor-bitcoin-surges-off-support\\\/#respond\"\n\t                    ]\n\t                }\n\t            ]\n\t        },\n\t        {\n\t            \"@type\": \"WebPage\",\n\t            \"@id\": \"https:\\\/\\\/www.interactivebrokers.com\\\/campus\\\/traders-insight\\\/securities\\\/macro\\\/chart-advisor-bitcoin-surges-off-support\\\/\",\n\t            \"url\": \"https:\\\/\\\/www.interactivebrokers.com\\\/campus\\\/traders-insight\\\/securities\\\/macro\\\/chart-advisor-bitcoin-surges-off-support\\\/\",\n\t            \"name\": \"Chart Advisor: Bitcoin Surges Off Support | IBKR Campus US\",\n\t            \"isPartOf\": {\n\t                \"@id\": \"https:\\\/\\\/ibkrcampus.com\\\/campus\\\/#website\"\n\t            },\n\t            \"primaryImageOfPage\": {\n\t                \"@id\": \"https:\\\/\\\/www.interactivebrokers.com\\\/campus\\\/traders-insight\\\/securities\\\/macro\\\/chart-advisor-bitcoin-surges-off-support\\\/#primaryimage\"\n\t            },\n\t            \"image\": {\n\t                \"@id\": \"https:\\\/\\\/www.interactivebrokers.com\\\/campus\\\/traders-insight\\\/securities\\\/macro\\\/chart-advisor-bitcoin-surges-off-support\\\/#primaryimage\"\n\t            },\n\t            \"thumbnailUrl\": \"https:\\\/\\\/www.ibkrcampusdev.wpengine.com\\\/campus\\\/wp-content\\\/uploads\\\/sites\\\/2\\\/2023\\\/08\\\/1-39-1100x541.png\",\n\t            \"datePublished\": \"2023-08-30T08:50:26+00:00\",\n\t            \"dateModified\": \"2024-01-24T17:12:40+00:00\",\n\t            \"description\": \"Bitcoin (BTC\\\/USD) surged more than 6% in today\u2019s session after the D.C. Court of Appeals gave the green light to the first Bitcoin ETF. Crypto stocks like Coinbase (COIN) and Microstrategy (MSTR) also enjoyed big gains.\",\n\t            \"inLanguage\": \"en-US\",\n\t            \"potentialAction\": [\n\t                {\n\t                    \"@type\": \"ReadAction\",\n\t                    \"target\": [\n\t                        \"https:\\\/\\\/www.interactivebrokers.com\\\/campus\\\/traders-insight\\\/securities\\\/macro\\\/chart-advisor-bitcoin-surges-off-support\\\/\"\n\t                    ]\n\t                }\n\t            ]\n\t        },\n\t        {\n\t            \"@type\": \"ImageObject\",\n\t            \"inLanguage\": \"en-US\",\n\t            \"@id\": \"https:\\\/\\\/www.interactivebrokers.com\\\/campus\\\/traders-insight\\\/securities\\\/macro\\\/chart-advisor-bitcoin-surges-off-support\\\/#primaryimage\",\n\t            \"url\": \"https:\\\/\\\/www.ibkrcampusdev.wpengine.com\\\/campus\\\/wp-content\\\/uploads\\\/sites\\\/2\\\/2023\\\/08\\\/1-39-1100x541.png\",\n\t            \"contentUrl\": \"https:\\\/\\\/www.ibkrcampusdev.wpengine.com\\\/campus\\\/wp-content\\\/uploads\\\/sites\\\/2\\\/2023\\\/08\\\/1-39-1100x541.png\"\n\t        },\n\t        {\n\t            \"@type\": \"WebSite\",\n\t            \"@id\": \"https:\\\/\\\/ibkrcampus.com\\\/campus\\\/#website\",\n\t            \"url\": \"https:\\\/\\\/ibkrcampus.com\\\/campus\\\/\",\n\t            \"name\": \"IBKR Campus US\",\n\t            \"description\": \"Financial Education from Interactive Brokers\",\n\t            \"publisher\": {\n\t                \"@id\": \"https:\\\/\\\/ibkrcampus.com\\\/campus\\\/#organization\"\n\t            },\n\t            \"potentialAction\": [\n\t                {\n\t                    \"@type\": \"SearchAction\",\n\t                    \"target\": {\n\t                        \"@type\": \"EntryPoint\",\n\t                        \"urlTemplate\": \"https:\\\/\\\/ibkrcampus.com\\\/campus\\\/?s={search_term_string}\"\n\t                    },\n\t                    \"query-input\": {\n\t                        \"@type\": \"PropertyValueSpecification\",\n\t                        \"valueRequired\": true,\n\t                        \"valueName\": \"search_term_string\"\n\t                    }\n\t                }\n\t            ],\n\t            \"inLanguage\": \"en-US\"\n\t        },\n\t        {\n\t            \"@type\": \"Organization\",\n\t            \"@id\": \"https:\\\/\\\/ibkrcampus.com\\\/campus\\\/#organization\",\n\t            \"name\": \"Interactive Brokers\",\n\t            \"alternateName\": \"IBKR\",\n\t            \"url\": \"https:\\\/\\\/ibkrcampus.com\\\/campus\\\/\",\n\t            \"logo\": {\n\t                \"@type\": \"ImageObject\",\n\t                \"inLanguage\": \"en-US\",\n\t                \"@id\": \"https:\\\/\\\/ibkrcampus.com\\\/campus\\\/#\\\/schema\\\/logo\\\/image\\\/\",\n\t                \"url\": \"https:\\\/\\\/www.interactivebrokers.com\\\/campus\\\/wp-content\\\/uploads\\\/sites\\\/2\\\/2024\\\/05\\\/ibkr-campus-logo.jpg\",\n\t                \"contentUrl\": \"https:\\\/\\\/www.interactivebrokers.com\\\/campus\\\/wp-content\\\/uploads\\\/sites\\\/2\\\/2024\\\/05\\\/ibkr-campus-logo.jpg\",\n\t                \"width\": 669,\n\t                \"height\": 669,\n\t                \"caption\": \"Interactive Brokers\"\n\t            },\n\t            \"image\": {\n\t                \"@id\": \"https:\\\/\\\/ibkrcampus.com\\\/campus\\\/#\\\/schema\\\/logo\\\/image\\\/\"\n\t            },\n\t            \"publishingPrinciples\": \"https:\\\/\\\/www.interactivebrokers.com\\\/campus\\\/about-ibkr-campus\\\/\",\n\t            \"ethicsPolicy\": \"https:\\\/\\\/www.interactivebrokers.com\\\/campus\\\/cyber-security-notice\\\/\"\n\t        },\n\t        {\n\t            \"@type\": \"Person\",\n\t            \"@id\": \"https:\\\/\\\/ibkrcampus.com\\\/campus\\\/#\\\/schema\\\/person\\\/e823e46b42ca381080387e794318a485\",\n\t            \"name\": \"Contributor Author\",\n\t            \"url\": \"https:\\\/\\\/www.interactivebrokers.com\\\/campus\\\/author\\\/contributor-author\\\/\"\n\t        }\n\t    ]\n\t}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"Chart Advisor: Bitcoin Surges Off Support | Traders' Insight","description":"Bitcoin (BTC\/USD) surged more than 6% in today\u2019s session after the D.C. Court of Appeals gave the green light to the first Bitcoin ETF. Crypto stocks...","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.interactivebrokers.com\/campus\/wp-json\/wp\/v2\/posts\/195582\/","og_locale":"en_US","og_type":"article","og_title":"Chart Advisor: Bitcoin Surges Off Support | IBKR Campus US","og_description":"Bitcoin (BTC\/USD) surged more than 6% in today\u2019s session after the D.C. Court of Appeals gave the green light to the first Bitcoin ETF. Crypto stocks like Coinbase (COIN) and Microstrategy (MSTR) also enjoyed big gains.","og_url":"https:\/\/www.interactivebrokers.com\/campus\/traders-insight\/securities\/macro\/chart-advisor-bitcoin-surges-off-support\/","og_site_name":"IBKR Campus US","article_published_time":"2023-08-30T08:50:26+00:00","article_modified_time":"2024-01-24T17:12:40+00:00","og_image":[{"url":"https:\/\/www.ibkrcampusdev.wpengine.com\/campus\/wp-content\/uploads\/sites\/2\/2023\/08\/1-39-1100x541.png","type":"","width":"","height":""}],"author":"Contributor Author","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Contributor Author","Est. reading time":"4 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"NewsArticle","@id":"https:\/\/www.interactivebrokers.com\/campus\/traders-insight\/securities\/macro\/chart-advisor-bitcoin-surges-off-support\/#article","isPartOf":{"@id":"https:\/\/www.interactivebrokers.com\/campus\/traders-insight\/securities\/macro\/chart-advisor-bitcoin-surges-off-support\/"},"author":{"name":"Contributor Author","@id":"https:\/\/ibkrcampus.com\/campus\/#\/schema\/person\/e823e46b42ca381080387e794318a485"},"headline":"Chart Advisor: Bitcoin Surges Off Support","datePublished":"2023-08-30T08:50:26+00:00","dateModified":"2024-01-24T17:12:40+00:00","mainEntityOfPage":{"@id":"https:\/\/www.interactivebrokers.com\/campus\/traders-insight\/securities\/macro\/chart-advisor-bitcoin-surges-off-support\/"},"wordCount":631,"commentCount":0,"publisher":{"@id":"https:\/\/ibkrcampus.com\/campus\/#organization"},"image":{"@id":"https:\/\/www.interactivebrokers.com\/campus\/traders-insight\/securities\/macro\/chart-advisor-bitcoin-surges-off-support\/#primaryimage"},"thumbnailUrl":"https:\/\/www.ibkrcampusdev.wpengine.com\/campus\/wp-content\/uploads\/sites\/2\/2023\/08\/1-39-1100x541.png","keywords":["ASC","AVWAP","BTC","MA","SPY","XLK"],"articleSection":["Commodities","ETFs","Futures","Macro","North America","Securities","Stocks","Technical Analysis","Text Articles","Traders' Insight"],"inLanguage":"en-US","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/www.interactivebrokers.com\/campus\/traders-insight\/securities\/macro\/chart-advisor-bitcoin-surges-off-support\/#respond"]}]},{"@type":"WebPage","@id":"https:\/\/www.interactivebrokers.com\/campus\/traders-insight\/securities\/macro\/chart-advisor-bitcoin-surges-off-support\/","url":"https:\/\/www.interactivebrokers.com\/campus\/traders-insight\/securities\/macro\/chart-advisor-bitcoin-surges-off-support\/","name":"Chart Advisor: Bitcoin Surges Off Support | IBKR Campus US","isPartOf":{"@id":"https:\/\/ibkrcampus.com\/campus\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.interactivebrokers.com\/campus\/traders-insight\/securities\/macro\/chart-advisor-bitcoin-surges-off-support\/#primaryimage"},"image":{"@id":"https:\/\/www.interactivebrokers.com\/campus\/traders-insight\/securities\/macro\/chart-advisor-bitcoin-surges-off-support\/#primaryimage"},"thumbnailUrl":"https:\/\/www.ibkrcampusdev.wpengine.com\/campus\/wp-content\/uploads\/sites\/2\/2023\/08\/1-39-1100x541.png","datePublished":"2023-08-30T08:50:26+00:00","dateModified":"2024-01-24T17:12:40+00:00","description":"Bitcoin (BTC\/USD) surged more than 6% in today\u2019s session after the D.C. Court of Appeals gave the green light to the first Bitcoin ETF. Crypto stocks like Coinbase (COIN) and Microstrategy (MSTR) also enjoyed big gains.","inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.interactivebrokers.com\/campus\/traders-insight\/securities\/macro\/chart-advisor-bitcoin-surges-off-support\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.interactivebrokers.com\/campus\/traders-insight\/securities\/macro\/chart-advisor-bitcoin-surges-off-support\/#primaryimage","url":"https:\/\/www.ibkrcampusdev.wpengine.com\/campus\/wp-content\/uploads\/sites\/2\/2023\/08\/1-39-1100x541.png","contentUrl":"https:\/\/www.ibkrcampusdev.wpengine.com\/campus\/wp-content\/uploads\/sites\/2\/2023\/08\/1-39-1100x541.png"},{"@type":"WebSite","@id":"https:\/\/ibkrcampus.com\/campus\/#website","url":"https:\/\/ibkrcampus.com\/campus\/","name":"IBKR Campus US","description":"Financial Education from Interactive Brokers","publisher":{"@id":"https:\/\/ibkrcampus.com\/campus\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/ibkrcampus.com\/campus\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/ibkrcampus.com\/campus\/#organization","name":"Interactive Brokers","alternateName":"IBKR","url":"https:\/\/ibkrcampus.com\/campus\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/ibkrcampus.com\/campus\/#\/schema\/logo\/image\/","url":"https:\/\/www.interactivebrokers.com\/campus\/wp-content\/uploads\/sites\/2\/2024\/05\/ibkr-campus-logo.jpg","contentUrl":"https:\/\/www.interactivebrokers.com\/campus\/wp-content\/uploads\/sites\/2\/2024\/05\/ibkr-campus-logo.jpg","width":669,"height":669,"caption":"Interactive Brokers"},"image":{"@id":"https:\/\/ibkrcampus.com\/campus\/#\/schema\/logo\/image\/"},"publishingPrinciples":"https:\/\/www.interactivebrokers.com\/campus\/about-ibkr-campus\/","ethicsPolicy":"https:\/\/www.interactivebrokers.com\/campus\/cyber-security-notice\/"},{"@type":"Person","@id":"https:\/\/ibkrcampus.com\/campus\/#\/schema\/person\/e823e46b42ca381080387e794318a485","name":"Contributor Author","url":"https:\/\/www.interactivebrokers.com\/campus\/author\/contributor-author\/"}]}},"jetpack_featured_media_url":"","_links":{"self":[{"href":"https:\/\/ibkrcampus.com\/campus\/wp-json\/wp\/v2\/posts\/195582","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/ibkrcampus.com\/campus\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/ibkrcampus.com\/campus\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/ibkrcampus.com\/campus\/wp-json\/wp\/v2\/users\/186"}],"replies":[{"embeddable":true,"href":"https:\/\/ibkrcampus.com\/campus\/wp-json\/wp\/v2\/comments?post=195582"}],"version-history":[{"count":0,"href":"https:\/\/ibkrcampus.com\/campus\/wp-json\/wp\/v2\/posts\/195582\/revisions"}],"wp:attachment":[{"href":"https:\/\/ibkrcampus.com\/campus\/wp-json\/wp\/v2\/media?parent=195582"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ibkrcampus.com\/campus\/wp-json\/wp\/v2\/categories?post=195582"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ibkrcampus.com\/campus\/wp-json\/wp\/v2\/tags?post=195582"},{"taxonomy":"contributors-categories","embeddable":true,"href":"https:\/\/ibkrcampus.com\/campus\/wp-json\/wp\/v2\/contributors-categories?post=195582"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}