• 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 Consolidates Above $70K As Bulls Prepare For More Gains

n70products by n70products
March 27, 2024
in Market & Analysis
0
74
SHARES
1.2k
VIEWS
Share on FacebookShare on Twitter


Bitcoin value is consolidating features above the $70,000 resistance zone. BTC might rally once more if there’s a transfer above the $71,500 resistance within the close to time period.

  • Bitcoin value moved in a constructive zone above the $66,500 degree.
  • The value is buying and selling above $70,000 and the 100 hourly Easy transferring common.
  • There’s a key bullish pattern line forming with assist at $68,500 on the hourly chart of the BTC/USD pair (information feed from Kraken).
  • The pair might begin one other improve if it clears the $71,500 resistance zone.

Bitcoin Worth Regains Power

Bitcoin value began a decent increase above the $68,800 resistance zone. BTC climbed larger above the $69,500 and $70,000 resistance ranges. Lastly, the value examined the $71,500 resistance zone.

A brand new weekly excessive was fashioned close to $71,557 and the value is now consolidating features. There was a minor decline under the 23.6% Fib retracement degree of the upward transfer from the $66,811 swing low to the $71,557 excessive. Nevertheless, the value remained steady above $69,000.

Bitcoin is now buying and selling above $70,000 and the 100 hourly Simple moving average. There may be additionally a key bullish pattern line forming with assist at $68,500 on the hourly chart of the BTC/USD pair. The pattern line is near the 61.8%% Fib retracement degree of the upward transfer from the $66,811 swing low to the $71,557 excessive.

Bitcoin Price

Supply: BTCUSD on TradingView.com

Rapid resistance is close to the $70,800 degree. The primary main resistance might be $71,500. If there’s a clear transfer above the $71,500 resistance zone, the value might proceed to realize power. Within the acknowledged case, the value might even clear the $72,500 resistance zone within the close to time period. The subsequent key resistance sits at $73,500.

One other Decline In BTC?

If Bitcoin fails to rise above the $71,500 resistance zone, it might begin one other decline. Rapid assist on the draw back is close to the $70,000 degree.

The primary main assist is $69,000. The subsequent assist sits at $68,500 and the pattern line. If there’s a shut under $68,500, the value might begin a drop towards the $67,000 degree and the 100 hourly SMA. Any extra losses would possibly ship the value towards the $66,000 assist zone within the close to time period.

Technical indicators:

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

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

Main Assist Ranges – $68,500, adopted by $67,000.

Main Resistance Ranges – $70,500, $71,500, and $73,500.

Disclaimer: The article is supplied for academic functions solely. It doesn’t signify the opinions of NewsBTC on whether or not to purchase, promote or maintain any investments and naturally investing carries dangers. You might be suggested to conduct your personal analysis earlier than making any funding choices. Use info supplied on this web site fully at your personal danger.



Source link

Tags: 70KBitcoinBullsConsolidatesGainspreparePrice
Previous Post

Announcing The Road To Devcon Grants

Next Post

3rd Rock, OpenSim’s second-oldest grid, is shutting down – Hypergrid Business

Next Post

3rd Rock, OpenSim’s second-oldest grid, is shutting down – Hypergrid Business

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

Ripple CEO Makes Bold Prediction For Crypto Market

April 8, 2024
XRP Price Struggle Continues: Can Bulls Turn It Around?

XRP Price Struggle Continues: Can Bulls Turn It Around?

October 8, 2024

Predicting Bitcoin’s post-halving gains as BTC eyes $80K ATH

April 9, 2024

Recents

Why MSTR’s 133K Bitcoin bet in 2025 is far from over!

Why MSTR’s 133K Bitcoin bet in 2025 is far from over!

June 1, 2025
Man Drains $3,490,000 From US Government, Several Companies in Bank Fraud Scheme: DOJ

Man Drains $3,490,000 From US Government, Several Companies in Bank Fraud Scheme: DOJ

June 1, 2025
Sharplink’s $1B Ethereum bet: How it can change the game for ETH

Sharplink’s $1B Ethereum bet: How it can change the game for ETH

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