{"id":598585,"date":"2024-03-19T02:54:19","date_gmt":"2024-03-19T02:54:19","guid":{"rendered":"https:\/\/ktsl888.com\/?p=598585"},"modified":"2024-06-11T07:50:43","modified_gmt":"2024-06-11T07:50:43","slug":"bitcoin-price-at-risk-65k","status":"publish","type":"post","link":"https:\/\/ktsl888.com\/news\/bitcoin-price-at-risk-65k\/","title":{"rendered":"Bitcoin Price At Risk of More Downsides Before Fresh Increase To $70K"},"content":{"rendered":"<p><em>Bitcoin price struggled to recover above the $68,800 resistance. BTC is now moving lower and there is a risk of more downsides below the $65,000 support.<\/em><\/p>\n<ul>\n<li>Bitcoin price is struggling to start a fresh increase above the $68,000 zone.<\/li>\n<li>The price is trading below $68,000 and the 100 hourly Simple moving average.<\/li>\n<li>There is a connecting bearish trend line forming with resistance at $67,800 on the hourly chart of the BTC\/USD pair (data feed from Kraken).<\/li>\n<li>The pair could gain bullish momentum if it clears the $68,000 resistance zone in the near term.<\/li>\n<\/ul>\n<h2>Bitcoin Price Faces Resistance<\/h2>\n<p>Bitcoin price attempted a <a href=\"https:\/\/ktsl888.com\/analysis\/btc\/bitcoin-price-hits-support-65k\/\" target=\"_blank\" rel=\"noopener \">fresh increase<\/a> above the $65,500 zone. BTC climbed above the $67,200 and $68,000 levels. However, the bears were active near the $69,000 zone.<\/p>\n<p>A high was formed at $68,898 and the price is now moving lower. There was a move below the $67,500 support zone. The price declined below the 50% Fib retracement level of the recovery wave from the $64,555 swing low to the $68,898 high.<\/p>\n<p>Bitcoin is now trading below $68,000 and the <a href=\"https:\/\/ktsl888.com\/analysis\/btc\/bitcoin-price-slides-68k\/\" target=\"_blank\" rel=\"noopener \">100 hourly Simple moving average<\/a>. It is testing the 76.4% Fib retracement level of the recovery wave from the $64,555 swing low to the $68,898 high.<\/p>\n<p>There is also a connecting bearish trend line forming with resistance at $67,800 on the hourly chart of the BTC\/USD pair. Immediate resistance is near the $66,750 level. The next key resistance could be $67,800 or the trend line, above which the price could rise toward the $68,800 resistance zone.<\/p>\n<p><a href=\"https:\/\/ktsl888.com\/wp-content\/uploads\/2024\/03\/Bitcoin_9fd8ad.png\"><img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" class=\"alignnone size-full wp-image-598586\" src=\"https:\/\/ktsl888.com\/wp-content\/uploads\/2024\/03\/Bitcoin_9fd8ad.png?resize=1024%2C461\" alt=\"Bitcoin Price\" width=\"1024\" height=\"461\" srcset=\"https:\/\/ktsl888.com\/wp-content\/uploads\/2024\/03\/Bitcoin_9fd8ad.png?w=1835 1835w, https:\/\/ktsl888.com\/wp-content\/uploads\/2024\/03\/Bitcoin_9fd8ad.png?w=460 460w, https:\/\/ktsl888.com\/wp-content\/uploads\/2024\/03\/Bitcoin_9fd8ad.png?w=768 768w, https:\/\/ktsl888.com\/wp-content\/uploads\/2024\/03\/Bitcoin_9fd8ad.png?w=860 860w, https:\/\/ktsl888.com\/wp-content\/uploads\/2024\/03\/Bitcoin_9fd8ad.png?w=1536 1536w, https:\/\/ktsl888.com\/wp-content\/uploads\/2024\/03\/Bitcoin_9fd8ad.png?w=750 750w, https:\/\/ktsl888.com\/wp-content\/uploads\/2024\/03\/Bitcoin_9fd8ad.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>If there is a clear move above the $68,800 resistance zone, the price could even attempt a move above the $70,000 resistance zone. Any more gains might send the price toward the $71,200 level.<\/p>\n<h2>More Losses In BTC?<\/h2>\n<p>If Bitcoin fails to rise above the $67,800 resistance zone, it could start another decline. Immediate support on the downside is near the $65,550 level.<\/p>\n<p>The first major support is $65,000. The main support sits at $64,500. If there is a close below $64,500, the price could start a drop toward the $63,500 level. Any more losses might send the price toward the $62,000 support zone.<\/p>\n<p>Technical indicators:<\/p>\n<p>Hourly MACD \u2013 The MACD is now gaining pace in the bearish zone.<\/p>\n<p>Hourly RSI (Relative Strength Index) \u2013 The RSI for BTC\/USD is now below the 50 level.<\/p>\n<p>Major Support Levels \u2013 $65,500, followed by $65,000.<\/p>\n<p>Major Resistance Levels \u2013 $67,800, $68,800, and $70,000.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Bitcoin price struggled to recover above the $68,800 resistance. BTC is now moving lower and there is a risk of more downsides below the $65,000 support. Bitcoin price is struggling to start a fresh increase above the $68,000 zone. The price is trading below $68,000 and the 100 hourly Simple moving average. There is a connecting bearish trend line forming with resistance at $67,800 on the hourly chart of the BTC\/USD pair (data feed from Kraken). The pair could gain bullish momentum if it clears the $68,000 resistance zone in the near term. Bitcoin Price Faces Resistance Bitcoin price attempted a fresh increase above the $65,500 zone. BTC climbed above the $67,200 and $68,000 levels. However, the bears were active near the $69,000 zone. A high was formed at $68,898 and the price is now moving lower. There was a move below the $67,500 support zone. The price declined below the 50% Fib retracement level of the recovery wave from the $64,555 swing low to the $68,898 high. Bitcoin is now trading below $68,000 and the 100 hourly Simple moving average. It is testing the 76.4% Fib retracement level of the recovery wave from the $64,555 swing low to the $68,898 high. There is also a connecting bearish trend line forming with resistance at $67,800 on the hourly chart of the BTC\/USD pair. Immediate resistance is near the $66,750 level. The next key resistance could be $67,800 or the trend line, above which the price could rise toward the $68,800 resistance zone. Source: BTCUSD on TradingView.com If there is a clear move above the $68,800 resistance zone, the price could even attempt a move above the $70,000 resistance zone. Any more gains might send the price toward the $71,200 level. More Losses In BTC? If Bitcoin fails to rise above the $67,800 resistance zone, it could start another decline. Immediate support on the downside is near the $65,550 level. The first major support is $65,000. The main support sits at $64,500. If there is a close below $64,500, the price could start a drop toward the $63,500 level. Any more losses might send the price toward the $62,000 support zone. Technical indicators: Hourly MACD \u2013 The MACD is now gaining pace in the bearish zone. Hourly RSI (Relative Strength Index) \u2013 The RSI for BTC\/USD is now below the 50 level. Major Support Levels \u2013 $65,500, followed by $65,000. Major Resistance Levels \u2013 $67,800, $68,800, and $70,000.<\/p>\n","protected":false},"author":67,"featured_media":455030,"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-598585","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 At Risk of More Downsides Before Fresh Increase To $70K<\/title>\n<meta name=\"description\" content=\"Bitcoin price struggled to recover above the $68,800 resistance. 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