• 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 Primed To Clear $71,500 and Rally Again

n70products by n70products
March 29, 2024
in Market & Analysis
0
74
SHARES
1.2k
VIEWS
Share on FacebookShare on Twitter


Bitcoin worth is once more rising above the $70,000 resistance zone. BTC appears to be organising for a gradual enhance above the $71,500 resistance zone.

  • Bitcoin worth is climbing larger and above the $70,000 resistance zone.
  • The value is buying and selling above $70,500 and the 100 hourly Easy shifting common.
  • There’s a essential bullish development line forming with help at $70,200 on the hourly chart of the BTC/USD pair (information feed from Kraken).
  • The pair might quickly begin a recent rally if it clears the $71,500 resistance zone.

Bitcoin Worth Regains Energy

Bitcoin worth remained well-supported above the $69,000 resistance zone. BTC climbed larger the $70,000 resistance zone to maneuver once more right into a constructive zone.

The value broke the $71,000 stage and retested $71,500. A excessive was shaped close to $71,539 and there was a draw back correction. There was a minor decline under the 23.6% Fib retracement stage of the upward transfer from the $68,468 swing low to the $71,539 excessive.

Bitcoin is now buying and selling above $70,000 and the 100 hourly Simple moving average. There may be additionally a vital bullish development line forming with help at $70,200 on the hourly chart of the BTC/USD pair.

Bitcoin Price

Supply: BTCUSD on TradingView.com

Fast resistance is close to the $71,200 stage. The primary main resistance could possibly be $71,500. If there’s a clear transfer above the $71,500 resistance zone, the worth might begin a robust enhance. Within the said case, the worth might even clear the $72,500 resistance zone within the close to time period. The following main resistance is close to the $73,500 zone.

One other Decline In BTC?

If Bitcoin fails to rise above the $71,500 resistance zone, it might begin one other decline. Fast help on the draw back is close to the $70,200 stage and the development line.

The primary main help is $70,000 and the 50% Fib retracement stage of the upward transfer from the $68,468 swing low to the $71,539 excessive. The following help sits at $69,200. If there’s a shut under $69,200, the worth might begin a drop towards the $68,000 stage. Any extra losses would possibly ship the worth towards the $66,500 help zone within the close to time period.

Technical indicators:

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

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

Main Assist Ranges – $70,200, adopted by $69,200.

Main Resistance Ranges – $71,200, $71,500, and $73,500.

Disclaimer: The article is supplied for instructional functions solely. It doesn’t symbolize 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 individual analysis earlier than making any funding choices. Use info supplied on this web site completely at your individual danger.



Source link

Tags: BitcoinClearPricePrimedRally
Previous Post

Ethereum whale cashes out 17,000 ETH – Here’s what it means for you

Next Post

SEC Asks Judge To Order Ripple To Pay Nearly $2,000,000,000 in Fines and Penalties

Next Post

SEC Asks Judge To Order Ripple To Pay Nearly $2,000,000,000 in Fines and Penalties

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

Bitcoin treasury firms driving $200T hyperbitcoinization — Adam Back

Bitcoin treasury firms driving $200T hyperbitcoinization — Adam Back

April 27, 2025
South Korea Opposition Party Agrees to Two-Year Moratorium on Crypto Asset Taxation: Report

South Korea Opposition Party Agrees to Two-Year Moratorium on Crypto Asset Taxation: Report

December 3, 2024

Bitcoin Price Gearing For Another Lift-Off to $72.5K: Dips Turn Attractive

April 12, 2024

Recents

Bitcoin Set to Hit $120,000? Analyst Predicts New ATH in Mid-June

Bitcoin Set to Hit $120,000? Analyst Predicts New ATH in Mid-June

June 1, 2025
Czech Justice Minister Resigns Over $45M Bitcoin Donation Scandal

Czech Justice Minister Resigns Over $45M Bitcoin Donation Scandal

June 1, 2025
To Infinity and Beyond! | Ethereum Foundation Blog

To Infinity and Beyond! | Ethereum Foundation Blog

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