BTCUSD on TradingView.com<\/a><\/p>\nIf there is a clear move above the $68,000 resistance zone, the price could continue to gain strength. In the stated case, the price could even clear the $69,0200 resistance zone in the near term. The next key resistance sits at $70,000.<\/p>\n
Another Decline In BTC?<\/h2>\n If Bitcoin fails to rise above the $68,000 resistance zone, it could start another decline. Immediate support on the downside is near the $66,000 level and the trend line.<\/p>\n
The first major support is $65,200 or the 50% Fib retracement level of the upward move from the $62,614 swing low to the $67,614 high. The next support sits at $63,800. If there is a close below $63,800, the price could start a drop toward the $61,200 level. Any more losses might send the price toward the $60,500 support zone in the near term.<\/p>\n
Technical indicators:<\/p>\n
Hourly MACD \u2013 The MACD is now losing pace in the bullish zone.<\/p>\n
Hourly RSI (Relative Strength Index) \u2013 The RSI for BTC\/USD is now above the 60 level.<\/p>\n
Major Support Levels \u2013 $65,900, followed by $63,800.<\/p>\n
Major Resistance Levels \u2013 $67,500, $68,000, and $69,200.<\/p>\n","protected":false},"excerpt":{"rendered":"
Bitcoin price is again attempting an upside break above $68,000 resistance zone. BTC could rally if it clears $67,500 and $68,000 in the near term. Bitcoin price started a decent increase above the $65,000 zone. The price is trading below $65,000 and the 100 hourly Simple moving average. There is a key bullish trend line forming with support at $65,900 on the hourly chart of the BTC\/USD pair (data feed from Kraken). The pair must clear the $68,000 resistance zone to start a fresh rally. Bitcoin Price Turns Green Bitcoin price remained supported above the $64,000 resistance zone. BTC climbed higher above the $66,500 and $66,000 resistance levels. However, the bears were active near the $67,500 and $68,000 levels. A high was formed near $67,614 and the price is now consolidating gains. It is trading near the 23.6% Fib retracement level of the upward move from the $62,614 swing low to the $67,614 high. Bitcoin is now trading above $65,000 and the 100 hourly Simple moving average. There is also a key bullish trend line forming with support at $65,900 on the hourly chart of the BTC\/USD pair. Immediate resistance is near the $67,500 level. The first major resistance could be $68,000. Source: BTCUSD on TradingView.com If there is a clear move above the $68,000 resistance zone, the price could continue to gain strength. In the stated case, the price could even clear the $69,0200 resistance zone in the near term. The next key resistance sits at $70,000. Another Decline In BTC? If Bitcoin fails to rise above the $68,000 resistance zone, it could start another decline. Immediate support on the downside is near the $66,000 level and the trend line. The first major support is $65,200 or the 50% Fib retracement level of the upward move from the $62,614 swing low to the $67,614 high. The next support sits at $63,800. If there is a close below $63,800, the price could start a drop toward the $61,200 level. Any more losses might send the price toward the $60,500 support zone in the near term. Technical indicators: Hourly MACD \u2013 The MACD is now losing pace in the bullish zone. Hourly RSI (Relative Strength Index) \u2013 The RSI for BTC\/USD is now above the 60 level. Major Support Levels \u2013 $65,900, followed by $63,800. Major Resistance Levels \u2013 $67,500, $68,000, and $69,200.<\/p>\n","protected":false},"author":67,"featured_media":461328,"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-599443","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
Bitcoin Price Aims Key Upside Break As Dips Turn Attractive<\/title>\n \n \n \n \n \n \n \n \n \n \n \n \n \n\t \n\t \n\t \n \n \n \n \n \n\t \n\t \n\t \n