cryptd.in

Alternatív LinkedIn a kripto-barát tehetségek számára

Bitcoin Price Reclaims Ground, Can Bulls Flip Market Momentum?

Bitcoin price started a recovery wave from the $65,500 zone. BTC is now consolidating and might aim for more gains above $69,500.

  • Bitcoin started a decent recovery wave above the $67,500 zone.
  • The price is trading above $68,000 and the 100 hourly simple moving average.
  • There is a key bearish trend line forming with resistance at $69,250 on the hourly chart of the BTC/USD pair (data feed from Kraken).
  • The pair might dip again if it trades below the $68,500 and $68,000 levels.

Bitcoin Price Starts Recovery Wave

Bitcoin price extended its decline and traded below the $66,500 level. BTC tested the $65,500 support zone before the bulls emerged. A low was formed at $65,646, and the price recently started a recovery wave.

The price climbed above the $67,200 and $67,500 resistance levels. The bulls pushed the price above the 23.6% Fib retracement level of the downward move from the $74,062 swing high to the $65,646 low. However, the bears are still active below $70,000.

There is also a key bearish trend line forming with resistance at $69,250 on the hourly chart of the BTC/USD pair. Bitcoin is now trading above $68,500 and the 100 hourly simple moving average.

If the price remains stable above $67,500, it could attempt a fresh increase. Immediate resistance is near the $69,250 level. The first key resistance is near the $69,600 level and the 50% Fib retracement level of the downward move from the $74,062 swing high to the $65,646 low.

Bitcoin Price

A close above the $69,600 resistance might send the price further higher. In the stated case, the price could rise and test the $70,500 resistance. Any more gains might send the price toward the $72,000 level. The next barrier for the bulls could be $72,650.

Another Decline In BTC?

If Bitcoin fails to rise above the $69,250 resistance zone, it could start another decline. Immediate support is near the $68,500 level. The first major support is near the $68,000 level.

The next support is now near the $67,500 zone. Any more losses might send the price toward the $66,650 support in the near term. The main support now sits at $65,500, below which BTC might struggle to recover 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 – $68,000, followed by $67,500.

Major Resistance Levels – $69,250 and $69,850.


Megjegyzések

Vélemény, hozzászólás?

Az e-mail címet nem tesszük közzé. A kötelező mezőket * karakterrel jelöltük

Legfrissebb hírek

Népszerű kategóriák

Keresés a weboldalon

Népszerű történetek

Címkék

#AlexeyPertsev (1) #BidenCryptoBan (1) #BidenElection (1) #BinanceVsCoinbase (1) #Bitcoin (425) #BitcoinETF (3) #Bitcoinalapok (1) #BitcoinKezelés (1) #Bitcoinár (5) #BitcoinPriceLevel (1) #BitcoinPump (1) #BitcoinReserve (1) #BitcoinSurge (1) #BitcoinTop (1) #Bitfinex (1) #Bitwise (1) #BracebridgeCapital (1) #BRC20Tokens (1) #BTCbeszerzés (1) #BullishPrediction (1) #BullishSentiment (1) #ChineseMining (1) #CPIPelőnézet (1) #CryptoAsset (2) #CryptoBattle (1) #CryptoBoom (1) #CryptoExpert (1) #CryptoInsights (1) #CryptoMania (1) #CryptoMarket (4) #CryptoPrediction (1) #CryptoPredictions Előrejelzések (1) #CryptoReguláció (2) #CryptoTakeoff (1) #CryptoTiming (1) #CryptoTippek (1) #CryptoTreasury (1) #CryptoUncertainty (1) #DerivativeJump (1) #Dogecoin (73) #DogecoinGains (1) #DogecoinVolumen (1) 1TP5Hollandiai bíróság (2) #ECommerce (1) #ElSalvadorBitcoin (1) #Ethereum (69) #EthereumPain (1) #EthereumPrice (1) #ExpertOpinion (1) #FedRateCut (1) #FiatCurrency (1) 1TP5Pénzügyi hatás (1) #PénzügyiAdatvédelem (1) #FirmShutdown (1) #Fagyasztott számlák (1) #IllicitFunds (1) #InflationData (1) 1TP5Befektetés (1) 1TP5Befektetési veszteség (1) #Japán cég (1) #LegalAction (1) #Jogi hatás (1) #Szabályozás (1) #Villámhálózat (1) #Mpiacelemzés (3) #M MarketMonitoring (1) #MarketPrediction (1) #MarketPredictions (1) #M MarketProjection (1) #MarketSupport (1) #MarketVolatilitás (1) #MHázasság (1) #MemeCoin (5) #MemeCoins (2) #MinerProfitability (1) 1TP5Pénzmosás (2) #MtGox (4) #NorthKoreaCrypto (1) #NovogratzPrognózis (1) #PriceMilestone (1) #PricePrediction (2) #PárKérdés (1) #PriceSurge (1) #PbüntetésMondat (1) #QuantAnalysis (1) #Regulációs nyomás (1) #SECAntiCrypto (1) #ShibaInu (5) #SocialBuzz (1) #Technikai elemzés (1) #Toncoin (3) #TornadoCash (3) #TornadoCashDev (1) #TornadoCashDeveloper (1) #UKCrypto (1) #UpsidePotenciális (1) #USCongress (1) #WyomingLand (1) #XRPPrice (1) #XRPupswing (1)

Hasznos linkek

Linkek, amelyeket hasznosnak találtam és meg akartam osztani.