{"id":606823,"date":"2024-05-07T03:19:54","date_gmt":"2024-05-07T03:19:54","guid":{"rendered":"https:\/\/ktsl888.com\/?p=606823"},"modified":"2024-06-11T14:45:34","modified_gmt":"2024-06-11T14:45:34","slug":"bitcoin-price-uptrend-65500","status":"publish","type":"post","link":"https:\/\/ktsl888.com\/news\/bitcoin-price-uptrend-65500\/","title":{"rendered":"Bitcoin Price Signals Uptrend Continuation But Patience Is The Key"},"content":{"rendered":"<p><em>Bitcoin price extended its increase above the $64,000 resistance. BTC is now holding gains above $62,800 and might aim for more upsides.<\/em><\/p>\n<ul>\n<li>Bitcoin traded to a new weekly high at $65,500 before there was a downside correction.<\/li>\n<li>The price is trading above $63,500 and the 100 hourly Simple moving average.<\/li>\n<li>There is a key bullish trend line forming with support at $63,350 on the hourly chart of the BTC\/USD pair (data feed from Kraken).<\/li>\n<li>The pair could aim for more upsides if it clears the $64,500 and $65,500 resistance levels.<\/li>\n<\/ul>\n<h2>Bitcoin Price Aims Higher<\/h2>\n<p>Bitcoin price remained <a href=\"https:\/\/ktsl888.com\/analysis\/btc\/bitcoin-price-rejects-65k\/\" target=\"_blank\" rel=\"noopener \">well-bid above the $62,500 support zone<\/a> and extended its increase. BTC was able to clear the $64,500 resistance. It even cleared $65,000 and tested $65,500.<\/p>\n<p>A high was formed at $65,550 and the price is now correcting gains. There was a minor decline below the $64,000 level. The price tested the 23.6% Fib retracement level of the upward move from the $56,380 swing low to the $65,550 high.<\/p>\n<p>However, the bulls are active near the $63,000 zone. There is also a key bullish trend line forming with support at $63,350 on the hourly chart of the BTC\/USD pair.<\/p>\n<p>Bitcoin is now trading above $63,000 and the <a href=\"https:\/\/ktsl888.com\/analysis\/btc\/bitcoin-price-recovery-60k\/\" target=\"_blank\" rel=\"noopener \">100 hourly Simple moving average<\/a>. Immediate resistance is near the $64,500 level. The first major resistance could be $65,000. The next key resistance could be $65,500.<\/p>\n<p><a href=\"https:\/\/ktsl888.com\/wp-content\/uploads\/2024\/05\/Bitcoin_9bef68.png\"><img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" class=\"alignnone size-full wp-image-606824\" src=\"https:\/\/ktsl888.com\/wp-content\/uploads\/2024\/05\/Bitcoin_9bef68.png?resize=1024%2C461\" alt=\"Bitcoin Price\" width=\"1024\" height=\"461\" srcset=\"https:\/\/ktsl888.com\/wp-content\/uploads\/2024\/05\/Bitcoin_9bef68.png?w=1835 1835w, https:\/\/ktsl888.com\/wp-content\/uploads\/2024\/05\/Bitcoin_9bef68.png?w=460 460w, https:\/\/ktsl888.com\/wp-content\/uploads\/2024\/05\/Bitcoin_9bef68.png?w=768 768w, https:\/\/ktsl888.com\/wp-content\/uploads\/2024\/05\/Bitcoin_9bef68.png?w=860 860w, https:\/\/ktsl888.com\/wp-content\/uploads\/2024\/05\/Bitcoin_9bef68.png?w=1536 1536w, https:\/\/ktsl888.com\/wp-content\/uploads\/2024\/05\/Bitcoin_9bef68.png?w=750 750w, https:\/\/ktsl888.com\/wp-content\/uploads\/2024\/05\/Bitcoin_9bef68.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>A clear move above the $65,500 resistance might send the price higher. The next resistance now sits at $67,200. If there is a clear move above the $67,200 resistance zone, the price could continue to move up. In the stated case, the price could rise toward $68,800.<\/p>\n<h2>Another Drop In BTC?<\/h2>\n<p>If Bitcoin fails to rise above the $65,500 resistance zone, it could start another decline. Immediate support on the downside is near the $63,350 level and the trend line.<\/p>\n<p>The first major support is $62,800. If there is a close below $62,800, the price could start to drop toward the 50% Fib retracement level of the upward move from the $56,380 swing low to the $65,550 high at $60,800. Any more losses might send the price toward the $60,000 support zone in the near term.<\/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 near the 50 level.<\/p>\n<p>Major Support Levels \u2013 $63,350, followed by $62,800.<\/p>\n<p>Major Resistance Levels \u2013 $64,500, $65,000, and $65,500.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Bitcoin price extended its increase above the $64,000 resistance. BTC is now holding gains above $62,800 and might aim for more upsides. Bitcoin traded to a new weekly high at $65,500 before there was a downside correction. The price is trading above $63,500 and the 100 hourly Simple moving average. There is a key bullish trend line forming with support at $63,350 on the hourly chart of the BTC\/USD pair (data feed from Kraken). The pair could aim for more upsides if it clears the $64,500 and $65,500 resistance levels. Bitcoin Price Aims Higher Bitcoin price remained well-bid above the $62,500 support zone and extended its increase. BTC was able to clear the $64,500 resistance. It even cleared $65,000 and tested $65,500. A high was formed at $65,550 and the price is now correcting gains. There was a minor decline below the $64,000 level. The price tested the 23.6% Fib retracement level of the upward move from the $56,380 swing low to the $65,550 high. However, the bulls are active near the $63,000 zone. There is also a key bullish trend line forming with support at $63,350 on the hourly chart of the BTC\/USD pair. Bitcoin is now trading above $63,000 and the 100 hourly Simple moving average. Immediate resistance is near the $64,500 level. The first major resistance could be $65,000. The next key resistance could be $65,500. Source: BTCUSD on TradingView.com A clear move above the $65,500 resistance might send the price higher. The next resistance now sits at $67,200. If there is a clear move above the $67,200 resistance zone, the price could continue to move up. In the stated case, the price could rise toward $68,800. Another Drop In BTC? If Bitcoin fails to rise above the $65,500 resistance zone, it could start another decline. Immediate support on the downside is near the $63,350 level and the trend line. The first major support is $62,800. If there is a close below $62,800, the price could start to drop toward the 50% Fib retracement level of the upward move from the $56,380 swing low to the $65,550 high at $60,800. Any more losses might send the price toward the $60,000 support zone in the near term. 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 near the 50 level. Major Support Levels \u2013 $63,350, followed by $62,800. Major Resistance Levels \u2013 $64,500, $65,000, and $65,500.<\/p>\n","protected":false},"author":67,"featured_media":461422,"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-606823","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 Signals Uptrend Continuation But Patience Is The Key<\/title>\n<meta name=\"description\" content=\"Bitcoin price extended its increase above the $64,000 resistance. 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