{"id":1681,"date":"2024-05-15T03:31:37","date_gmt":"2024-05-15T03:31:37","guid":{"rendered":"https:\/\/cryptd.in\/bitcoin-price-holds-firm-key-support-maintained-amid-market-uncertainty\/"},"modified":"2024-05-15T03:31:37","modified_gmt":"2024-05-15T03:31:37","slug":"bitcoin-price-holds-firm-key-support-maintained-amid-market-uncertainty","status":"publish","type":"post","link":"https:\/\/cryptd.in\/el\/bitcoin-price-holds-firm-key-support-maintained-amid-market-uncertainty\/","title":{"rendered":"Bitcoin Price Holds Firm: Key Support Maintained Amid Market Uncertainty"},"content":{"rendered":"

Bitcoin price is holding the key support at $60,000. BTC could start another increase and rise toward the range resistance at $63,500.<\/em><\/p>\n

Bitcoin is still trading in a range between $60,000 and $63,500.
\nThe price is trading above $61,500 and the 100 hourly Simple moving average.
\nThere was a break above a connecting bearish trend line with resistance at $61,550 on the hourly chart of the BTC\/USD pair (data feed from Kraken).
\nThe pair could gain bullish momentum if it clears $62,200 and $62,500.<\/p>\n

Bitcoin Price Remains Steady<\/h2>\n

Bitcoin price started another decline from the $63,500 resistance zone<\/a>. BTC traded below the $62,500 and $62,200 support levels. A low was formed at $61,000 and the price started a recovery wave.<\/p>\n

There was a move above the $61,250 and $61,500 levels. Besides, there was a break above a connecting bearish trend line with resistance at $61,550 on the hourly chart of the BTC\/USD pair. There was a move above the 23.6% Fib retracement level of the recent decline from the $63,400 swing high to the $61,000 low.<\/p>\n

Bitcoin is still trading above $61,500 and the 100 hourly Simple moving average<\/a>. Immediate resistance is near the $62,200 level or the 50% Fib retracement level of the recent decline from the $63,400 swing high to the $61,000 low.<\/p>\n

<\/a><\/p>\n

The first major resistance could be $62,500. The next key resistance could be $63,000. A clear move above the $63,000 resistance might send the price higher. The main resistance now sits at $63,500. If there is a close above the $63,500 resistance zone, the price could continue to move up. In the stated case, the price could rise toward $65,000.<\/p>\n

Another Drop In BTC?<\/h2>\n

If Bitcoin fails to climb above the $62,500 resistance zone, it could start another decline. Immediate support on the downside is near the $61,550 level and the 100 hourly Simple moving average.<\/p>\n

The first major support is $61,000. If there is a close below $61,000, the price could start to drop toward $60,400. Any more losses might send the price toward the $60,000 support zone in the near term.<\/p>\n

Technical indicators:<\/p>\n

Hourly MACD \u2013 The MACD is now gaining pace in the bullish zone.<\/p>\n

Hourly RSI (Relative Strength Index) \u2013 The RSI for BTC\/USD is now above the 50 level.<\/p>\n

Major Support Levels \u2013 $61,550, followed by $61,000.<\/p>\n

Major Resistance Levels \u2013 $62,200, $62,500, and $63,500.<\/p>","protected":false},"excerpt":{"rendered":"

Bitcoin price is holding the key support at $60,000. BTC could start another increase and rise toward the range resistance at $63,500. Bitcoin is still trading in a range between $60,000 and $63,500. The price is trading above $61,500 and the 100 hourly Simple moving average. There was a break above a connecting bearish trend […]<\/p>\n","protected":false},"author":0,"featured_media":1682,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[51,145,144],"class_list":["post-1681","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-feeds","tag-bitcoinprice","tag-cryptouncertainty","tag-marketsupport"],"yoast_head":"\nBitcoin Price Holds Firm: Key Support Maintained Amid Market Uncertainty - cryptd.in<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/cryptd.in\/el\/bitcoin-price-holds-firm-key-support-maintained-amid-market-uncertainty\/\" \/>\n<meta property=\"og:locale\" content=\"el_GR\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Bitcoin Price Holds Firm: Key Support Maintained Amid Market Uncertainty - cryptd.in\" \/>\n<meta property=\"og:description\" content=\"Bitcoin price is holding the key support at $60,000. BTC could start another increase and rise toward the range resistance at $63,500. Bitcoin is still trading in a range between $60,000 and $63,500. The price is trading above $61,500 and the 100 hourly Simple moving average. There was a break above a connecting bearish trend […]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/cryptd.in\/el\/bitcoin-price-holds-firm-key-support-maintained-amid-market-uncertainty\/\" \/>\n<meta property=\"og:site_name\" content=\"cryptd.in\" \/>\n<meta property=\"article:published_time\" content=\"2024-05-15T03:31:37+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/cryptd.in\/wp-content\/uploads\/2024\/05\/Bitcoin-Support-M50AGR.jpeg\" \/>\n\t<meta property=\"og:image:width\" content=\"460\" \/>\n\t<meta property=\"og:image:height\" content=\"263\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"\u0395\u03ba\u03c4\u03b9\u03bc\u03ce\u03bc\u03b5\u03bd\u03bf\u03c2 \u03c7\u03c1\u03cc\u03bd\u03bf\u03c2 \u03b1\u03bd\u03ac\u03b3\u03bd\u03c9\u03c3\u03b7\u03c2\" \/>\n\t<meta name=\"twitter:data1\" content=\"2 \u03bb\u03b5\u03c0\u03c4\u03ac\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/cryptd.in\\\/bitcoin-price-holds-firm-key-support-maintained-amid-market-uncertainty\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/cryptd.in\\\/bitcoin-price-holds-firm-key-support-maintained-amid-market-uncertainty\\\/\"},\"author\":{\"name\":\"\",\"@id\":\"\"},\"headline\":\"Bitcoin Price Holds Firm: Key Support Maintained Amid Market Uncertainty\",\"datePublished\":\"2024-05-15T03:31:37+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/cryptd.in\\\/bitcoin-price-holds-firm-key-support-maintained-amid-market-uncertainty\\\/\"},\"wordCount\":360,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\\\/\\\/cryptd.in\\\/#organization\"},\"image\":{\"@id\":\"https:\\\/\\\/cryptd.in\\\/bitcoin-price-holds-firm-key-support-maintained-amid-market-uncertainty\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/cryptd.in\\\/wp-content\\\/uploads\\\/2024\\\/05\\\/Bitcoin-Support-M50AGR.jpeg\",\"keywords\":[\"#BitcoinPrice\",\"#CryptoUncertainty\",\"#MarketSupport\"],\"articleSection\":[\"Feeds\"],\"inLanguage\":\"el\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\\\/\\\/cryptd.in\\\/bitcoin-price-holds-firm-key-support-maintained-amid-market-uncertainty\\\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/cryptd.in\\\/bitcoin-price-holds-firm-key-support-maintained-amid-market-uncertainty\\\/\",\"url\":\"https:\\\/\\\/cryptd.in\\\/bitcoin-price-holds-firm-key-support-maintained-amid-market-uncertainty\\\/\",\"name\":\"Bitcoin Price Holds Firm: Key Support Maintained Amid Market Uncertainty - 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