• Home
  • Altcoin
  • Bitcoin
  • Blockchain
  • Cryptocurrency
  • DeFi
  • Dogecoin
  • Ethereum
  • Market & Analysis
  • More
    • NFTs
    • XRP
    • Regulations
  • Shop
    • Bitcoin Coin
    • Bitcoin Hat
    • Bitcoin Book
    • Bitcoin Miner
    • Bitcoin Standard
    • Bitcoin Miner Machine
    • Bitcoin Merch
    • Bitcoin Wallet
    • Bitcoin Shirt
No Result
View All Result
Card Bitcoin
Shop
Card Bitcoin
No Result
View All Result
Home Market & Analysis

Bitcoin Price Back on Track: Can It Maintain Traction?

n70products by n70products
September 27, 2024
in Market & Analysis
0
Bitcoin Price Back on Track: Can It Maintain Traction?
74
SHARES
1.2k
VIEWS
Share on FacebookShare on Twitter



Este artículo también está disponible en español.

Bitcoin worth began a recent enhance above the $64,750 resistance. BTC is now consolidating close to $65,000 and would possibly stay supported.

  • Bitcoin is consolidating good points close to the $65,000 zone.
  • The value is buying and selling above $64,200 and the 100 hourly Easy shifting common.
  • There’s a short-term contracting triangle forming with resistance at $65,250 on the hourly chart of the BTC/USD pair (knowledge feed from Kraken).
  • The pair may begin one other enhance if there’s a clear transfer above the $65,250 resistance zone.

Bitcoin Value Regains Energy

Bitcoin worth remained supported close to the $62,650 degree. BTC shaped a base and began a recent enhance above the $63,500 resistance zone. It gained tempo for a transfer above the $64,200 resistance zone.

The bulls even pumped the value above $65,000. A excessive was shaped at $65,764 and the value is now consolidating good points. There was a minor decline under the $65,200 degree. The value dipped under the 23.6% Fib retracement degree of the upward transfer from the $62,673 swing low to the $65,764 excessive.

Bitcoin is now buying and selling above $64,500 and the 100 hourly Simple moving average. If there’s a recent enhance, the value may face resistance close to the $65,250 degree. There’s additionally a short-term contracting triangle forming with resistance at $65,250 on the hourly chart of the BTC/USD pair.

Bitcoin Price
Supply: BTCUSD on TradingView.com

The primary key resistance is close to the $65,500 degree. A transparent transfer above the $65,500 resistance would possibly ship the value larger. The subsequent key resistance may very well be $66,200. An in depth above the $66,200 resistance would possibly spark extra upsides. Within the acknowledged case, the value may rise and take a look at the $67,500 resistance degree.

One other Decline In BTC?

If Bitcoin fails to rise above the $65,250 resistance zone, it may proceed to maneuver down. Quick help on the draw back is close to the $64,850 degree.

The primary main help is close to the $63,850 degree and the 61.8% Fib retracement degree of the upward transfer from the $62,673 swing low to the $65,764 excessive. The subsequent help is now close to the $63,500 zone. Any extra losses would possibly ship the value towards the $62,650 help within the close to time period.

Technical indicators:

Hourly MACD – The MACD is now shedding tempo within the bullish zone.

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

Main Help Ranges – $64,850, adopted by $63,850.

Main Resistance Ranges – $65,250, and $65,500.



Source link

Tags: BitcoinMaintainPriceTrackTraction
Previous Post

Ethereum dominance dips – Is ETH poised for a rebound or decline?

Next Post

Crypto Will Continue To Rally Hard Amid Fed Rate Cuts, Says Coin Bureau’s Guy Turner – But There’s a Catch

Next Post
Crypto Will Continue To Rally Hard Amid Fed Rate Cuts, Says Coin Bureau’s Guy Turner – But There’s a Catch

Crypto Will Continue To Rally Hard Amid Fed Rate Cuts, Says Coin Bureau’s Guy Turner – But There’s a Catch

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Product categories

  • Bitcoin Book
  • Bitcoin Coin
  • Bitcoin Hat
  • Bitcoin Merch
  • Bitcoin Miner
  • Bitcoin Miner Machine
  • Bitcoin Shirt
  • Bitcoin Standard
  • Bitcoin Wallet
  • Products
  • Uncategorized

Related News

Federal Reserve Chair Backs Bitcoin As ‘Digital Gold’—A Turning Point For Crypto?

Federal Reserve Chair Backs Bitcoin As ‘Digital Gold’—A Turning Point For Crypto?

February 18, 2025
Ethereum Risk-To-Reward Ratio Is ‘Too Good To Pass Up’ – Top Analyst Sets $6,000 Target

Ethereum Risk-To-Reward Ratio Is ‘Too Good To Pass Up’ – Top Analyst Sets $6,000 Target

November 5, 2024

Bitcoin Spot ETFs Hits $150 Billion Trading Volume Milestone Amid Market Mayhem — What’s Next?

March 21, 2024

Recents

Major crypto hacks fell 40% in May, says PeckShield

Major crypto hacks fell 40% in May, says PeckShield

June 1, 2025
XRP Multi-Timeframe Breakdown: Here’s What Comes Next

XRP Multi-Timeframe Breakdown: Here’s What Comes Next

June 1, 2025
ETH Price Recovery to $3,000 Soon Amid Staking Push for Ethereum ETFs

ETH Price Recovery to $3,000 Soon Amid Staking Push for Ethereum ETFs

June 1, 2025

CATEGORIES

  • Altcoin
  • Bitcoin
  • Blockchain
  • Cryptocurrency
  • DeFi
  • Dogecoin
  • Ethereum
  • Market & Analysis
  • NFTs
  • Regulations
  • XRP

BROWSE BY TAG

Altcoin ALTCOINS Analyst Binance Bitcoin Bitcoins Blog Breakout BTC Bullish Bulls Coinbase Crash Crypto DOGE Dogecoin ETF ETH Ethereum Foundation Heres high hits Key Level Major Market Memecoin Move Outlook Predicts Price Rally Report SEC Solana Support Surge Target Top Trader Trump Updates Whales XRP

© 2024 Card Bitcoin | All Rights Reserved

No Result
View All Result
  • Home
  • Altcoin
  • Bitcoin
  • Blockchain
  • Cryptocurrency
  • DeFi
  • Dogecoin
  • Ethereum
  • Market & Analysis
  • More
    • NFTs
    • XRP
    • Regulations
  • Shop
    • Bitcoin Coin
    • Bitcoin Hat
    • Bitcoin Book
    • Bitcoin Miner
    • Bitcoin Standard
    • Bitcoin Miner Machine
    • Bitcoin Merch
    • Bitcoin Wallet
    • Bitcoin Shirt

© 2024 Card Bitcoin | All Rights Reserved

Are you sure want to unlock this post?
Unlock left : 0
Are you sure want to cancel subscription?
Go to mobile version