{"id":596267,"date":"2024-03-05T03:21:50","date_gmt":"2024-03-05T03:21:50","guid":{"rendered":"https:\/\/ktsl888.com\/?p=596267"},"modified":"2024-06-11T14:40:57","modified_gmt":"2024-06-11T14:40:57","slug":"bitcoin-price-ath-70k","status":"publish","type":"post","link":"https:\/\/ktsl888.com\/news\/bitcoin-price-ath-70k\/","title":{"rendered":"Bitcoin Price Sets Eyes On New ATH, $70K Could Be Next Hurdle"},"content":{"rendered":"<p><em>Bitcoin price is up over 8% and trading above the $67,500 resistance. BTC is eyeing a new all-time high and could even hit the $70,000 level.<\/em><\/p>\n<ul>\n<li>Bitcoin price is moving higher above the $66,500 support zone.<\/li>\n<li>The price is trading above $67,500 and the 100 hourly Simple moving average.<\/li>\n<li>There is a connecting bullish trend line forming with support at $66,000 on the hourly chart of the BTC\/USD pair (data feed from Kraken).<\/li>\n<li>The pair could accelerate higher toward the $69,200 resistance or even $70,000.<\/li>\n<\/ul>\n<h2>Bitcoin Price Rallies Again<\/h2>\n<p>Bitcoin price remained well-bid above the <a href=\"https:\/\/ktsl888.com\/analysis\/btc\/bitcoin-price-restarts-rally-65k\/\" target=\"_blank\" rel=\"noopener \">$65,000 support zone<\/a>. A new support base was formed, and the price started another rally above the $66,000 level. There was a steady increase toward the $67,500 level.<\/p>\n<p>The price is up over 8% and it traded close to the last all-time high. A high is formed at $68,786 and the price is now consolidating gains above the 23.6% Fib retracement level of the upward move from the $61,400 swing low to the $68,786 high.<\/p>\n<p>Bitcoin is now trading above $67,500 and the <a href=\"https:\/\/ktsl888.com\/analysis\/btc\/bitcoin-price-turns-attractive-60k\/\" target=\"_blank\" rel=\"noopener \">100 hourly Simple moving average<\/a>. There is also a connecting bullish trend line forming with support at $66,000 on the hourly chart of the BTC\/USD pair.<\/p>\n<p><a href=\"https:\/\/ktsl888.com\/wp-content\/uploads\/2024\/03\/Bitcoin_02591b.png\"><img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" class=\"alignnone size-full wp-image-596268\" src=\"https:\/\/ktsl888.com\/wp-content\/uploads\/2024\/03\/Bitcoin_02591b.png?resize=1024%2C461\" alt=\"Bitcoin Price\" width=\"1024\" height=\"461\" srcset=\"https:\/\/ktsl888.com\/wp-content\/uploads\/2024\/03\/Bitcoin_02591b.png?w=1835 1835w, https:\/\/ktsl888.com\/wp-content\/uploads\/2024\/03\/Bitcoin_02591b.png?w=460 460w, https:\/\/ktsl888.com\/wp-content\/uploads\/2024\/03\/Bitcoin_02591b.png?w=768 768w, https:\/\/ktsl888.com\/wp-content\/uploads\/2024\/03\/Bitcoin_02591b.png?w=860 860w, https:\/\/ktsl888.com\/wp-content\/uploads\/2024\/03\/Bitcoin_02591b.png?w=1536 1536w, https:\/\/ktsl888.com\/wp-content\/uploads\/2024\/03\/Bitcoin_02591b.png?w=750 750w, https:\/\/ktsl888.com\/wp-content\/uploads\/2024\/03\/Bitcoin_02591b.png?w=1140 1140w\" sizes=\"(max-width: 1000px) 100vw, 1000px\"><\/a><\/p>\n<p>Source: <a href=\"https:\/\/www.tradingview.com\/symbols\/BTCUSD\/\" target=\"_blank\" rel=\"noopener nofollow\">BTCUSD on TradingView.com<\/a><\/p>\n<p>Immediate resistance is near the $68,800 level. The next key resistance could be $69,200, above which the price could rise toward the $70,000 resistance zone. If there is a clear move above the $70,000 resistance zone, the price could rise toward the $71,200 level. Any more gains might send the price toward the $75,000 level.<\/p>\n<h2>Downside Correction In BTC?<\/h2>\n<p>If Bitcoin fails to rise above the $68,800 resistance zone, it could start another downside correction. Immediate support on the downside is near the $67,000 level.<\/p>\n<p>The first major support is $66,000 or the trend line. If there is a close below $66,000, the price could start a decent pullback toward the 50% Fib retracement level of the upward move from the $61,400 swing low to the $68,786 high or $65,000. Any more losses might send the price toward the $63,200 support zone.<\/p>\n<p>Technical indicators:<\/p>\n<p>Hourly MACD \u2013 The MACD is now gaining pace in the bullish zone.<\/p>\n<p>Hourly RSI (Relative Strength Index) \u2013 The RSI for BTC\/USD is now above the 50 level.<\/p>\n<p>Major Support Levels \u2013 $67,000, followed by $66,000.<\/p>\n<p>Major Resistance Levels \u2013 $68,800, $69,200, and $70,000.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Bitcoin price is up over 8% and trading above the $67,500 resistance. BTC is eyeing a new all-time high and could even hit the $70,000 level. Bitcoin price is moving higher above the $66,500 support zone. The price is trading above $67,500 and the 100 hourly Simple moving average. There is a connecting bullish trend line forming with support at $66,000 on the hourly chart of the BTC\/USD pair (data feed from Kraken). The pair could accelerate higher toward the $69,200 resistance or even $70,000. Bitcoin Price Rallies Again Bitcoin price remained well-bid above the $65,000 support zone. A new support base was formed, and the price started another rally above the $66,000 level. There was a steady increase toward the $67,500 level. The price is up over 8% and it traded close to the last all-time high. A high is formed at $68,786 and the price is now consolidating gains above the 23.6% Fib retracement level of the upward move from the $61,400 swing low to the $68,786 high. Bitcoin is now trading above $67,500 and the 100 hourly Simple moving average. There is also a connecting bullish trend line forming with support at $66,000 on the hourly chart of the BTC\/USD pair. Source: BTCUSD on TradingView.com Immediate resistance is near the $68,800 level. The next key resistance could be $69,200, above which the price could rise toward the $70,000 resistance zone. If there is a clear move above the $70,000 resistance zone, the price could rise toward the $71,200 level. Any more gains might send the price toward the $75,000 level. Downside Correction In BTC? If Bitcoin fails to rise above the $68,800 resistance zone, it could start another downside correction. Immediate support on the downside is near the $67,000 level. The first major support is $66,000 or the trend line. If there is a close below $66,000, the price could start a decent pullback toward the 50% Fib retracement level of the upward move from the $61,400 swing low to the $68,786 high or $65,000. Any more losses might send the price toward the $63,200 support zone. Technical indicators: Hourly MACD \u2013 The MACD is now gaining pace in the bullish zone. Hourly RSI (Relative Strength Index) \u2013 The RSI for BTC\/USD is now above the 50 level. Major Support Levels \u2013 $67,000, followed by $66,000. Major Resistance Levels \u2013 $68,800, $69,200, and $70,000.<\/p>\n","protected":false},"author":67,"featured_media":458533,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[3],"tags":[428,679,1144,78790,76835],"class_list":["post-596267","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-bitcoin","tag-bitcoin-price","tag-btcusd","tag-btcusdt","tag-xbtusd"],"acf":[],"yoast_head":"\n<title>Bitcoin Price Sets Eyes On New ATH, $70K Could Be Next Hurdle<\/title>\n<meta name=\"description\" content=\"Bitcoin price is up over 8% and trading above the $67,500 resistance. 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