• 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

Is the Uptrend Still Safe?

n70products by n70products
September 26, 2024
in Market & Analysis
0
Is the Uptrend Still Safe?
74
SHARES
1.2k
VIEWS
Share on FacebookShare on Twitter



Este artículo también está disponible en español.

Bitcoin worth began a draw back correction from the $64,750 resistance. BTC continues to be above the $62,500 help and would possibly purpose for a recent improve.

  • Bitcoin is consolidating positive aspects under the $63,800 resistance zone.
  • The worth is buying and selling under $63,500 and the 100 hourly Easy shifting common.
  • There’s a connecting bearish development line with resistance at $63,300 on the hourly chart of the BTC/USD pair (information feed from Kraken).
  • The pair may begin one other improve if there’s a clear transfer above the $63,700 resistance zone.

Bitcoin Worth Revisits $62,500

Bitcoin worth began a downside correction after it didn’t clear the $64,750 zone. BTC dipped under the $64,000 and $63,500 help ranges. There was additionally a spike under $63,000.

A low was shaped at $63,673 and the worth is now consolidating losses. There was a transfer above the $63,000 stage. The worth climbed above the 23.6% Fib retracement stage of the downward transfer from the $64,770 swing excessive to the $62,673 low.

Bitcoin is now buying and selling under $63,500 and the 100 hourly Simple moving average. If there’s a recent improve, the worth may face resistance close to the $63,250 stage. There’s additionally a connecting bearish development line with resistance at $63,300 on the hourly chart of the BTC/USD pair.

Bitcoin Price
Supply: BTCUSD on TradingView.com

The primary key resistance is close to the $63,700 stage. A transparent transfer above the $63,700 resistance would possibly ship the worth greater. The subsequent key resistance might be $64,000 or the 61.8% Fib retracement stage of the downward transfer from the $64,770 swing excessive to the $62,673 low. An in depth above the $64,000 resistance would possibly spark extra upsides. Within the said case, the worth may rise and take a look at the $64,750 resistance stage.

Extra Losses In BTC?

If Bitcoin fails to rise above the $63,700 resistance zone, it may proceed to maneuver down. Fast help on the draw back is close to the $63,000 stage.

The primary main help is close to the $62,500 stage. The subsequent help is now close to the $62,000 zone. Any extra losses would possibly ship the worth towards the $61,200 help within the close to time period.

Technical indicators:

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

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

Main Help Ranges – $63,000, adopted by $62,500.

Main Resistance Ranges – $63,600, and $64,000.



Source link

Tags: safeUptrend
Previous Post

Ethereum Futures Market Points To Potential Breakout—Here’s What You Need To Know

Next Post

BitMEX Founder Arthur Hayes Says Next Presidential Administration Irrelevant for Crypto – Here’s Why

Next Post
BitMEX Founder Arthur Hayes Says Next Presidential Administration Irrelevant for Crypto – Here’s Why

BitMEX Founder Arthur Hayes Says Next Presidential Administration Irrelevant for Crypto – Here’s Why

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

‘True Declaration of War’ – Bitcoin Veteran Says Gloves Are Off After ECB Publishes Paper Attacking BTC

‘True Declaration of War’ – Bitcoin Veteran Says Gloves Are Off After ECB Publishes Paper Attacking BTC

October 27, 2024
This Crypto Project Currently ‘Flying Under the Radar’ Could Overtake Chainlink Someday, Says Guy Turner

This Crypto Project Currently ‘Flying Under the Radar’ Could Overtake Chainlink Someday, Says Guy Turner

December 18, 2024
Crypto Pundit Reignites $100 XRP Price Target, What You Should Know

Crypto Pundit Reignites $100 XRP Price Target, What You Should Know

February 15, 2025

Recents

Vive le Bitcoin! French Football Giant Embraces BTC as Treasury Reserve

Vive le Bitcoin! French Football Giant Embraces BTC as Treasury Reserve

June 1, 2025
US Authorities Charge Six Individuals in Connection to Alleged $66,000,000 Food Stamp Fraud Scheme

US Authorities Charge Six Individuals in Connection to Alleged $66,000,000 Food Stamp Fraud Scheme

June 1, 2025
XRP Set For Price Relief, But Only If Bulls Defend Key $2.13 Price Level

XRP Set For Price Relief, But Only If Bulls Defend Key $2.13 Price Level

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