{"id":609946,"date":"2024-05-27T01:17:12","date_gmt":"2024-05-27T01:17:12","guid":{"rendered":"https:\/\/ktsl888.com\/?p=609946"},"modified":"2024-06-11T12:14:13","modified_gmt":"2024-06-11T12:14:13","slug":"bitcoin-price-steam-70k","status":"publish","type":"post","link":"https:\/\/ktsl888.com\/news\/bitcoin-price-steam-70k\/","title":{"rendered":"Bitcoin Price Losing Steam: Market Momentum Slows Amid Trading Hesitation"},"content":{"rendered":"<p><em>Bitcoin price is slowly losing momentum and struggling below $70,000. BTC is now consolidating and facing hurdles near the $69,500 resistance zone.<\/em><\/p>\n<ul>\n<li>Bitcoin is facing many key hurdles near the $70,000 zone.<\/li>\n<li>The price is trading above $69,500 and the 100 hourly Simple moving average.<\/li>\n<li>There is a key bearish trend line forming with resistance at $69,100 on the hourly chart of the BTC\/USD pair (data feed from Kraken).<\/li>\n<li>The pair could continue to move down if it stays below the $70,000 zone.<\/li>\n<\/ul>\n<h2>Bitcoin Price Stuck Below $70K<\/h2>\n<p>Bitcoin price found support above the $66,000 level and started <a href=\"https:\/\/ktsl888.com\/analysis\/btc\/bitcoin-price-dips-68250\/\" target=\"_blank\" rel=\"noopener \">another increase<\/a>. BTC was able to clear the $68,000 resistance zone. However, the bears were active near the $69,500 and $70,000 levels.<\/p>\n<p>A high was formed near $69,608 and the price is now correcting gains. There was a move below the 23.6% Fib retracement level of the upward move from the $66,250 swing low to the $69,608 high. It even tested the $68,000 support zone.<\/p>\n<p>The bulls are now active near the 50% Fib retracement level of the upward move from the $66,250 swing low to the $69,608 high. Bitcoin price is trading above $69,500 and the <a href=\"https:\/\/ktsl888.com\/analysis\/btc\/bitcoin-price-support-68800\/\" target=\"_blank\" rel=\"noopener \">100 hourly Simple moving average<\/a>.<\/p>\n<p>If there is a fresh increase, the price might face resistance near the $69,000 level. There is also a key bearish trend line forming with resistance at $69,100 on the hourly chart of the BTC\/USD pair. The first major resistance could be $69,500.<\/p>\n<figure id=\"attachment_609947\" aria-describedby=\"caption-attachment-609947\" style=\"width: 1024px\" class=\"wp-caption alignnone\"><a href=\"https:\/\/ktsl888.com\/wp-content\/uploads\/2024\/05\/Bitcoin_56e36d.png\"><img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" class=\"wp-image-609947 size-full\" src=\"https:\/\/ktsl888.com\/wp-content\/uploads\/2024\/05\/Bitcoin_56e36d.png?resize=1024%2C449\" alt=\"Bitcoin Price\" width=\"1024\" height=\"449\" srcset=\"https:\/\/ktsl888.com\/wp-content\/uploads\/2024\/05\/Bitcoin_56e36d.png?w=1950 1950w, https:\/\/ktsl888.com\/wp-content\/uploads\/2024\/05\/Bitcoin_56e36d.png?w=460 460w, https:\/\/ktsl888.com\/wp-content\/uploads\/2024\/05\/Bitcoin_56e36d.png?w=768 768w, https:\/\/ktsl888.com\/wp-content\/uploads\/2024\/05\/Bitcoin_56e36d.png?w=860 860w, https:\/\/ktsl888.com\/wp-content\/uploads\/2024\/05\/Bitcoin_56e36d.png?w=1536 1536w, https:\/\/ktsl888.com\/wp-content\/uploads\/2024\/05\/Bitcoin_56e36d.png?w=750 750w, https:\/\/ktsl888.com\/wp-content\/uploads\/2024\/05\/Bitcoin_56e36d.png?w=1140 1140w\" sizes=\"(max-width: 1000px) 100vw, 1000px\"><\/a><figcaption id=\"caption-attachment-609947\" 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>The next key resistance could be $70,000. A clear move above the $70,000 resistance might send the price higher. In the stated case, the price could rise and test the $71,200 resistance. Any more gains might send BTC toward the $72,000 resistance.<\/p>\n<h2>More Losses In BTC?<\/h2>\n<p>If Bitcoin fails to climb above the $69,500 resistance zone, it could continue to move down. Immediate support on the downside is near the $68,000 level.<\/p>\n<p>The first major support is $67,500. The next support is now forming near $67,000. Any more losses might send the price toward the $65,500 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 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 $67,500, followed by $67,000.<\/p>\n<p>Major Resistance Levels \u2013 $69,100, and $69,500.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Bitcoin price is slowly losing momentum and struggling below $70,000. BTC is now consolidating and facing hurdles near the $69,500 resistance zone. Bitcoin is facing many key hurdles near the $70,000 zone. The price is trading above $69,500 and the 100 hourly Simple moving average. There is a key bearish trend line forming with resistance at $69,100 on the hourly chart of the BTC\/USD pair (data feed from Kraken). The pair could continue to move down if it stays below the $70,000 zone. Bitcoin Price Stuck Below $70K Bitcoin price found support above the $66,000 level and started another increase. BTC was able to clear the $68,000 resistance zone. However, the bears were active near the $69,500 and $70,000 levels. A high was formed near $69,608 and the price is now correcting gains. There was a move below the 23.6% Fib retracement level of the upward move from the $66,250 swing low to the $69,608 high. It even tested the $68,000 support zone. The bulls are now active near the 50% Fib retracement level of the upward move from the $66,250 swing low to the $69,608 high. Bitcoin price is trading above $69,500 and the 100 hourly Simple moving average. If there is a fresh increase, the price might face resistance near the $69,000 level. There is also a key bearish trend line forming with resistance at $69,100 on the hourly chart of the BTC\/USD pair. The first major resistance could be $69,500. The next key resistance could be $70,000. A clear move above the $70,000 resistance might send the price higher. In the stated case, the price could rise and test the $71,200 resistance. Any more gains might send BTC toward the $72,000 resistance. More Losses In BTC? If Bitcoin fails to climb above the $69,500 resistance zone, it could continue to move down. Immediate support on the downside is near the $68,000 level. The first major support is $67,500. The next support is now forming near $67,000. Any more losses might send the price toward the $65,500 support zone in the near term. Technical indicators: Hourly MACD \u2013 The MACD is now losing 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 $67,500, followed by $67,000. Major Resistance Levels \u2013 $69,100, and $69,500.<\/p>\n","protected":false},"author":67,"featured_media":609948,"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-609946","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 Losing Steam: Market Momentum Slows Amid Trading Hesitation<\/title>\n<meta name=\"description\" content=\"Bitcoin price is slowly losing momentum and struggling below $70,000. 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