• 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

Can It Power Toward New Gains?

n70products by n70products
October 17, 2024
in Market & Analysis
0
Can It Power Toward New Gains?
74
SHARES
1.2k
VIEWS
Share on FacebookShare on Twitter



Este artículo también está disponible en español.

Bitcoin worth climbed additional larger above the $67,500 resistance zone. BTC is now consolidating and would possibly clear the $68,350 resistance to proceed larger.

  • Bitcoin remained steady and prolonged positive aspects above the $68,000 zone.
  • The worth is buying and selling above $67,200 and the 100 hourly Easy shifting common.
  • There’s a connecting bullish development line forming with assist at $66,800 on the hourly chart of the BTC/USD pair (knowledge feed from Kraken).
  • The pair might rally additional if there’s a shut above the $68,000 resistance zone.

Bitcoin Value Stays Supported for Extra Upsides

Bitcoin worth remained supported and prolonged its enhance above the $67,500 resistance. BTC cleared the $67,800 resistance to maneuver right into a optimistic zone. The worth even rallied above the $68,000 and $68,200 resistance ranges.

The worth traded as excessive as $68,328 and at the moment consolidating positive aspects. There was a minor decline beneath the $68,000 degree. The worth dipped and examined the 23.6% Fib retracement degree of the upward transfer from the $64,686 swing low to the $68,328 excessive.

Bitcoin worth is now buying and selling above $67,200 and the 100 hourly Simple moving average. There’s additionally a connecting bullish development line forming with assist at $66,800 on the hourly chart of the BTC/USD pair.

On the upside, the value might face resistance close to the $68,000 degree. The primary key resistance is close to the $68,350 degree. A transparent transfer above the $68,350 resistance would possibly ship the value larger. The subsequent key resistance may very well be $68,800.

Bitcoin Price
Supply: BTCUSD on TradingView.com

A detailed above the $68,800 resistance would possibly provoke extra positive aspects. Within the acknowledged case, the value might rise and take a look at the $70,0200 resistance degree. Any extra positive aspects would possibly ship the value towards the $72,000 resistance degree.

One other Drop In BTC?

If Bitcoin fails to rise above the $68,000 resistance zone, it might begin one other decline. Speedy assist on the draw back is close to the $66,800 degree and the development line.

The primary main assist is close to the $66,500 degree and the 50% Fib retracement degree of the upward transfer from the $64,686 swing low to the $68,328 excessive. The subsequent assist is now close to the $66,500 zone. Any extra losses would possibly ship the value towards the $65,400 assist 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 – $66,800, adopted by $65,400.

Main Resistance Ranges – $68,000, and $68,350.



Source link

Tags: GainsPower
Previous Post

Secured no. 1 | Ethereum Foundation Blog

Next Post

Is Satoshi’s Bitcoin stash safe? ETF inflows might soon rival his holdings!

Next Post
Is Satoshi’s Bitcoin stash safe? ETF inflows might soon rival his holdings!

Is Satoshi's Bitcoin stash safe? ETF inflows might soon rival his holdings!

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’s latest whale trends and what they mean for traders like you

Bitcoin’s latest whale trends and what they mean for traders like you

March 11, 2025

Tron Price Outshines Bitcoin: Can TRX Keep Momentum and Rise?

August 15, 2024
Trump Family May Use Ethereum For New Business Ventures, Says ConsenSys CEO

Trump Family May Use Ethereum For New Business Ventures, Says ConsenSys CEO

January 24, 2025

Recents

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
Cronos Defies Crypto Market Downtick on Friday As Asset Manager Canary Capital Files for CRO ETF

Cronos Defies Crypto Market Downtick on Friday As Asset Manager Canary Capital Files for CRO ETF

June 1, 2025
US opens door to retirement savers purchasing crypto tokens

US opens door to retirement savers purchasing crypto tokens

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