{"id":608491,"date":"2024-05-17T02:11:40","date_gmt":"2024-05-17T02:11:40","guid":{"rendered":"https:\/\/ktsl888.com\/?p=608491"},"modified":"2024-06-11T08:10:16","modified_gmt":"2024-06-11T08:10:16","slug":"bitcoin-price-consolidates-65k-3","status":"publish","type":"post","link":"https:\/\/ktsl888.com\/news\/bitcoin-price-consolidates-65k-3\/","title":{"rendered":"Bitcoin Price Consolidates Gains: Stability in the Crypto Market Amid Recent Surge"},"content":{"rendered":"<p><em>Bitcoin price rallied and tested the $66,500 zone. BTC is now consolidating gains and might attempt another increase toward $67,500.<\/em><\/p>\n<ul>\n<li>Bitcoin started a consolidation phase from the $66,500 resistance zone.<\/li>\n<li>The price is trading above $65,000 and the 100 hourly Simple moving average.<\/li>\n<li>There is a key bullish trend line forming with support at $65,150 on the hourly chart of the BTC\/USD pair (data feed from Kraken).<\/li>\n<li>The pair could start another increase unless the bears push it below $63,800.<\/li>\n<\/ul>\n<h2>Bitcoin Price Remains Supported<\/h2>\n<p>Bitcoin price formed a base and started a <a href=\"https:\/\/ktsl888.com\/analysis\/btc\/bitcoin-breaks-free-63500\/\" target=\"_blank\" rel=\"noopener \">fresh increase<\/a> above the $63,500 level. BTC even cleared the $65,500 resistance and tested the $66,500 region. A new weekly high was formed at $66,565 and the price is now consolidating gains.<\/p>\n<p>There was a minor decline below the $66,000 level. The price dipped below the 23.6% Fib retracement level of the upward move from the $61,073 swing low to the $66,565 high.<\/p>\n<p>Bitcoin price is now trading above $65,000 and the <a href=\"https:\/\/ktsl888.com\/analysis\/btc\/bitcoin-price-holds-firm-61000\/\" target=\"_blank\" rel=\"noopener \">100 hourly Simple moving average<\/a>. There is also a key bullish trend line forming with support at $65,150 on the hourly chart of the BTC\/USD pair. Immediate resistance is near the $65,600 level.<\/p>\n<p>The first major resistance could be $66,000. The next key resistance could be $66,500. A clear move above the $66,500 resistance might send the price higher. In the stated case, the price could rise and test the $67,200 resistance.<\/p>\n<figure id=\"attachment_608492\" aria-describedby=\"caption-attachment-608492\" style=\"width: 1835px\" class=\"wp-caption alignnone\"><a href=\"https:\/\/ktsl888.com\/wp-content\/uploads\/2024\/05\/Bitcoin_b46134.png\"><img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" class=\"wp-image-608492 size-full\" src=\"https:\/\/ktsl888.com\/wp-content\/uploads\/2024\/05\/Bitcoin_b46134.png?resize=1835%2C827\" alt=\"Bitcoin Price\" width=\"1835\" height=\"827\" srcset=\"https:\/\/ktsl888.com\/wp-content\/uploads\/2024\/05\/Bitcoin_b46134.png?w=1835 1835w, https:\/\/ktsl888.com\/wp-content\/uploads\/2024\/05\/Bitcoin_b46134.png?w=460 460w, https:\/\/ktsl888.com\/wp-content\/uploads\/2024\/05\/Bitcoin_b46134.png?w=768 768w, https:\/\/ktsl888.com\/wp-content\/uploads\/2024\/05\/Bitcoin_b46134.png?w=860 860w, https:\/\/ktsl888.com\/wp-content\/uploads\/2024\/05\/Bitcoin_b46134.png?w=1536 1536w, https:\/\/ktsl888.com\/wp-content\/uploads\/2024\/05\/Bitcoin_b46134.png?w=750 750w, https:\/\/ktsl888.com\/wp-content\/uploads\/2024\/05\/Bitcoin_b46134.png?w=1140 1140w\" sizes=\"(max-width: 1000px) 100vw, 1000px\"><\/a><figcaption id=\"caption-attachment-608492\" class=\"wp-caption-text\">Source: <a href=\"https:\/\/www.tradingview.com\/symbols\/BTCUSD\/\" target=\"_blank\" rel=\"noopener nofollow\">BTCUSD on TradingView.com<\/a><\/figcaption><\/figure>\n<p>If the bulls remain in action, the price could rise toward the $68,000 resistance zone. Any more gains might send BTC toward the $70,000 barrier.<\/p>\n<h2>Another Decline In BTC?<\/h2>\n<p>If Bitcoin fails to climb above the $66,000 resistance zone, it could continue to move down. Immediate support on the downside is near the $65,150 level and the trend line.<\/p>\n<p>The first major support is $64,200. The main support is now forming near $63,800 or the 50% Fib retracement level of the upward move from the $61,073 swing low to the $66,565 high. Any more losses might send the price toward the $63,150 support zone in the near term.<\/p>\n<p>Technical indicators:<\/p>\n<p>Hourly MACD \u2013 The MACD is now losing 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 $65,150, followed by $63,800.<\/p>\n<p>Major Resistance Levels \u2013 $66,000, $66,500, and $67,200.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Bitcoin price rallied and tested the $66,500 zone. BTC is now consolidating gains and might attempt another increase toward $67,500. Bitcoin started a consolidation phase from the $66,500 resistance zone. The price is trading above $65,000 and the 100 hourly Simple moving average. There is a key bullish trend line forming with support at $65,150 on the hourly chart of the BTC\/USD pair (data feed from Kraken). The pair could start another increase unless the bears push it below $63,800. Bitcoin Price Remains Supported Bitcoin price formed a base and started a fresh increase above the $63,500 level. BTC even cleared the $65,500 resistance and tested the $66,500 region. A new weekly high was formed at $66,565 and the price is now consolidating gains. There was a minor decline below the $66,000 level. The price dipped below the 23.6% Fib retracement level of the upward move from the $61,073 swing low to the $66,565 high. Bitcoin price 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 $65,150 on the hourly chart of the BTC\/USD pair. Immediate resistance is near the $65,600 level. The first major resistance could be $66,000. The next key resistance could be $66,500. A clear move above the $66,500 resistance might send the price higher. In the stated case, the price could rise and test the $67,200 resistance. If the bulls remain in action, the price could rise toward the $68,000 resistance zone. Any more gains might send BTC toward the $70,000 barrier. Another Decline In BTC? If Bitcoin fails to climb above the $66,000 resistance zone, it could continue to move down. Immediate support on the downside is near the $65,150 level and the trend line. The first major support is $64,200. The main support is now forming near $63,800 or the 50% Fib retracement level of the upward move from the $61,073 swing low to the $66,565 high. Any more losses might send the price toward the $63,150 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 50 level. Major Support Levels \u2013 $65,150, followed by $63,800. Major Resistance Levels \u2013 $66,000, $66,500, and $67,200.<\/p>\n","protected":false},"author":67,"featured_media":608493,"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-608491","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 Consolidates Gains: Stability in the Crypto Market Amid Recent Surge<\/title>\n<meta name=\"description\" content=\"Bitcoin price rallied and tested the $66,500 zone. 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