{"id":3927,"date":"2024-07-29T03:16:21","date_gmt":"2024-07-29T03:16:21","guid":{"rendered":"https:\/\/cryptd.in\/bitcoin-price-poised-for-fresh-pump-market-prepares-for-upswing\/"},"modified":"2024-07-29T03:16:21","modified_gmt":"2024-07-29T03:16:21","slug":"bitcoin-price-poised-for-fresh-pump-market-prepares-for-upswing","status":"publish","type":"post","link":"https:\/\/cryptd.in\/sk\/bitcoin-price-poised-for-fresh-pump-market-prepares-for-upswing\/","title":{"rendered":"Bitcoin Price Poised for Fresh Pump: Market Prepares for Upswing"},"content":{"rendered":"

Bitcoin price started a fresh increase above the $68,000 resistance. BTC is now rising and might climb toward the $70,000 resistance zone.<\/em><\/p>\n

Bitcoin formed a base and started a fresh increase above the $68,000 resistance zone.
\nThe price is trading above $68,500 and the 100 hourly Simple moving average.
\nThere was a break above a key bearish trend line with resistance at $68,200 on the hourly chart of the BTC\/USD pair (data feed from Kraken).
\nThe pair might accelerate higher toward the $70,000 and $70,800 levels in the short term.<\/p>\n

Bitcoin Price Could Soon Retest $70,000<\/h2>\n

Bitcoin price remained in a positive zone<\/a> above the $65,500 resistance zone. BTC cleared the $66,800 and $67,500 levels to move further into a positive zone. The bulls even pushed the price above the $68,000 resistance.<\/p>\n

There was a break above a key bearish trend line with resistance at $68,200 on the hourly chart of the BTC\/USD pair. The pair gathered pace for a move above the 76.4% Fib retracement level of the downward move from the $69,398 swing high to the $66,6274 low.<\/p>\n

Bitcoin price is now trading above $68,500 and the 100 hodinov\u00fd jednoduch\u00fd k\u013azav\u00fd priemer<\/a>. If the price continues to rise, it could face resistance near the $69,800 level.<\/p>\n

The first key resistance is near the $70,000 level or the 1.236 Fib extension level of the downward move from the $69,398 swing high to the $66,6274 low. A clear move above the $70,000 resistance might send the price further higher in the coming sessions.<\/p>\n

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

The next key resistance could be $70,800. The next major hurdle sits at $71,200. A close above the $71,200 resistance might spark bullish moves. In the stated case, the price could rise and test the $72,000 resistance.<\/p>\n

Are Dips Limited In BTC?<\/h2>\n

If Bitcoin fails to recover above the $70,000 resistance zone, it could start another decline. Immediate support on the downside is near the $68,750 level.<\/p>\n

The first major support is $68,000. The next support is now near $67,250 and the 100 hourly Simple moving average. Any more losses might send the price toward the $66,500 support zone in the near term.<\/p>\n

Technick\u00e9 ukazovatele:<\/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 $68,750, followed by $68,000.<\/p>\n

Major Resistance Levels \u2013 $69,800, and $70,000.<\/p>","protected":false},"excerpt":{"rendered":"

Bitcoin price started a fresh increase above the $68,000 resistance. BTC is now rising and might climb toward the $70,000 resistance zone. Bitcoin formed a base and started a fresh increase above the $68,000 resistance zone. The price is trading above $68,500 and the 100 hourly Simple moving average. There was a break above a […]<\/p>\n","protected":false},"author":0,"featured_media":3928,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-3927","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-feeds"],"yoast_head":"\nBitcoin Price Poised for Fresh Pump: Market Prepares for Upswing - 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\/sk\/bitcoin-price-poised-for-fresh-pump-market-prepares-for-upswing\/\" \/>\n<meta property=\"og:locale\" content=\"sk_SK\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Bitcoin Price Poised for Fresh Pump: Market Prepares for Upswing - cryptd.in\" \/>\n<meta property=\"og:description\" content=\"Bitcoin price started a fresh increase above the $68,000 resistance. BTC is now rising and might climb toward the $70,000 resistance zone. Bitcoin formed a base and started a fresh increase above the $68,000 resistance zone. The price is trading above $68,500 and the 100 hourly Simple moving average. There was a break above a […]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/cryptd.in\/sk\/bitcoin-price-poised-for-fresh-pump-market-prepares-for-upswing\/\" \/>\n<meta property=\"og:site_name\" content=\"cryptd.in\" \/>\n<meta property=\"article:published_time\" content=\"2024-07-29T03:16:21+00:00\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Predpokladan\u00fd \u010das \u010d\u00edtania\" \/>\n\t<meta name=\"twitter:data1\" content=\"2 min\u00faty\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/cryptd.in\\\/bitcoin-price-poised-for-fresh-pump-market-prepares-for-upswing\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/cryptd.in\\\/bitcoin-price-poised-for-fresh-pump-market-prepares-for-upswing\\\/\"},\"author\":{\"name\":\"\",\"@id\":\"\"},\"headline\":\"Bitcoin Price Poised for Fresh Pump: Market Prepares for Upswing\",\"datePublished\":\"2024-07-29T03:16:21+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/cryptd.in\\\/bitcoin-price-poised-for-fresh-pump-market-prepares-for-upswing\\\/\"},\"wordCount\":371,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\\\/\\\/cryptd.in\\\/#organization\"},\"image\":{\"@id\":\"https:\\\/\\\/cryptd.in\\\/bitcoin-price-poised-for-fresh-pump-market-prepares-for-upswing\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/cryptd.in\\\/wp-content\\\/uploads\\\/2024\\\/07\\\/Bitcoin-70k-Rise-383mJ3.jpeg\",\"articleSection\":[\"Feeds\"],\"inLanguage\":\"sk-SK\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\\\/\\\/cryptd.in\\\/bitcoin-price-poised-for-fresh-pump-market-prepares-for-upswing\\\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/cryptd.in\\\/bitcoin-price-poised-for-fresh-pump-market-prepares-for-upswing\\\/\",\"url\":\"https:\\\/\\\/cryptd.in\\\/bitcoin-price-poised-for-fresh-pump-market-prepares-for-upswing\\\/\",\"name\":\"Bitcoin Price Poised for Fresh Pump: Market Prepares for Upswing - 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