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{"id":629751,"date":"2024-07-15T02:58:19","date_gmt":"2024-07-15T02:58:19","guid":{"rendered":"https:\/\/ktsl888.com\/?p=629751"},"modified":"2024-07-15T02:58:19","modified_gmt":"2024-07-15T02:58:19","slug":"bitcoin-price-breaks-62k","status":"publish","type":"post","link":"https:\/\/ktsl888.com\/analysis\/btc\/bitcoin-price-breaks-62k\/","title":{"rendered":"Bitcoin Price Breaks $62K: Rising Bullish Momentum, Will Prices Go Higher?"},"content":{"rendered":"

Bitcoin price started a strong increase and broke the $62,000 resistance level. BTC is showing positive signs and might rise toward the $63,200 level.<\/em><\/p>\n

\n
Bitcoin gained bullish momentum above the $60,500 resistance zone.<\/li>\n
The price is trading above $61,500 and the 100 hourly Simple moving average.<\/li>\n
There is a key bullish trend line forming with support at $61,000 on the hourly chart of the BTC\/USD pair (data feed from Kraken).<\/li>\n
The pair might continue to move up if it breaks the $62,500 support.<\/li>\n<\/ul>\n
Bitcoin Price Regains Strength<\/h2>\n
Bitcoin price started a decent increase above the $59,500 and $60,000 resistance levels<\/a>. BTC even cleared the $60,500 resistance to move into a positive zone. It sparked a strong increase and the price climbed above the $62,000 level.<\/p>\n
It even tested the $62,500 level. A high was formed at $62,493 and the price is now consolidating gains. It is trading well above the 23.6% Fib retracement level of the upward move from the $56,593 swing low to the $62,493 high.<\/p>\n
Bitcoin price is now trading above $61,500 and the 100 hourly Simple moving average<\/a>. There is also a key bullish trend line forming with support at $61,000 on the hourly chart of the BTC\/USD pair.<\/p>\n
Immediate resistance on the upside is near the $62,500 level. The first key resistance is near the $62,800 level. A clear move above the $62,800 resistance might start a decent increase in the coming sessions. The next key resistance could be $63,200.<\/p>\n
$\"Bitcoin$ <\/a>
Source: BTCUSD on TradingView.com<\/a><\/figcaption><\/figure>\n
The next major hurdle sits at $63,500. A close above the $63,500 resistance might start a steady increase and send the price higher. In the stated case, the price could rise and test the $65,000 resistance.<\/p>\n
Are Dips Supported In BTC?<\/h2>\n
If Bitcoin fails to climb above the $62,500 resistance zone, it could start a downside correction. Immediate support on the downside is near the $61,500 level.<\/p>\n
The first major support is $61,000 and the trend line zone. The next support is now near $60,000. Any more losses might send the price toward the $59,500 support zone in the near term.<\/p>\n
Technical indicators:<\/p>\n
Hourly MACD \u2013 The MACD is now gaining pace in the bullish zone.<\/p>\n
Hourly RSI (Relative Strength Index) \u2013 The RSI for BTC\/USD is now above the 50 level.<\/p>\n
Major Support Levels \u2013 $61,500, followed by $61,000.<\/p>\n
Major Resistance Levels \u2013 $62,500, and $63,500.<\/p>\n","protected":false},"excerpt":{"rendered":"
Bitcoin price started a strong increase and broke the $62,000 resistance level. BTC is showing positive signs and might rise toward the $63,200 level. Bitcoin gained bullish momentum above the $60,500 resistance zone. The price is trading above $61,500 and the 100 hourly Simple moving average. There is a key bullish trend line forming with support at $61,000 on the hourly chart of the BTC\/USD pair (data feed from Kraken). The pair might continue to move up if it breaks the $62,500 support. Bitcoin Price Regains Strength Bitcoin price started a decent increase above the $59,500 and $60,000 resistance levels. BTC even cleared the $60,500 resistance to move into a positive zone. It sparked a strong increase and the price climbed above the $62,000 level. It even tested the $62,500 level. A high was formed at $62,493 and the price is now consolidating gains. It is trading well above the 23.6% Fib retracement level of the upward move from the $56,593 swing low to the $62,493 high. Bitcoin price is now trading above $61,500 and the 100 hourly Simple moving average. There is also a key bullish trend line forming with support at $61,000 on the hourly chart of the BTC\/USD pair. Immediate resistance on the upside is near the $62,500 level. The first key resistance is near the $62,800 level. A clear move above the $62,800 resistance might start a decent increase in the coming sessions. The next key resistance could be $63,200. The next major hurdle sits at $63,500. A close above the $63,500 resistance might start a steady increase and send the price higher. In the stated case, the price could rise and test the $65,000 resistance. Are Dips Supported In BTC? If Bitcoin fails to climb above the $62,500 resistance zone, it could start a downside correction. Immediate support on the downside is near the $61,500 level. The first major support is $61,000 and the trend line zone. The next support is now near $60,000. Any more losses might send the price toward the $59,500 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 above the 50 level. Major Support Levels \u2013 $61,500, followed by $61,000. Major Resistance Levels \u2013 $62,500, and $63,500.<\/p>\n","protected":false},"author":67,"featured_media":629753,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[83361],"tags":[428,679,1144,78790,76835],"class_list":["post-629751","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-btc","tag-bitcoin","tag-bitcoin-price","tag-btcusd","tag-btcusdt","tag-xbtusd"],"acf":[],"yoast_head":"\nBitcoin Price Breaks $62K: Rising Bullish Momentum, Will Prices Go Higher?<\/title>\n<meta name=\"description\" content=\"Bitcoin price started a strong increase and broke the $62,000 resistance level. 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His background in software engineering has equipped him with a unique skill set, enabling him to leverage cutting-edge tools and algorithms to gain a competitive edge in an ever-evolving landscape. In addition to his roles in finance and technology, Aayush serves as the director of a prestigious IT company, where he spearheads initiatives aimed at driving digital innovation and transformation. Under his visionary leadership, the company has flourished, cementing its position as a leader in the tech industry and paving the way for groundbreaking advancements in software development and IT solutions. Despite his demanding professional commitments, Aayush is a firm believer in the importance of work-life balance. An avid traveler and adventurer, he finds solace in exploring new destinations, immersing himself in different cultures, and forging lasting memories along the way. Whether he's trekking through the Himalayas, diving in the azure waters of the Maldives, or experiencing the vibrant energy of bustling metropolises, Aayush embraces every opportunity to broaden his horizons and create unforgettable experiences. Aayush's journey to success is marked by a relentless pursuit of excellence and a steadfast commitment to continuous learning and growth. His academic achievements are a testament to his dedication and passion for excellence, having completed his software engineering with honors and excelling in every department. At his core, Aayush is driven by a profound passion for analyzing markets and uncovering profitable opportunities amidst volatility. Whether he's poring over price charts, identifying key support and resistance levels, or providing insightful analysis to his clients and followers, Aayush's unwavering dedication to his craft sets him apart as a true industry leader and a beacon of inspiration to aspiring traders around the globe. In a world where uncertainty reigns supreme, Aayush Jindal stands as a guiding light, illuminating the path to financial success with his unparalleled expertise, unwavering integrity, and boundless enthusiasm for the markets.","sameAs":["https:\/\/www.linkedin.com\/in\/aayush-jindal-358b6932\/","https:\/\/x.com\/twitter.com\/AayushJs"],"url":"https:\/\/ktsl888.com\/author\/aayushjindal\/"}]}},"parsely":{"version":"1.1.0","meta":{"@context":"https:\/\/schema.org","@type":"NewsArticle","headline":"Bitcoin Price Breaks $62K: Rising Bullish Momentum, Will Prices Go Higher?","url":"http:\/\/ktsl888.com\/analysis\/btc\/bitcoin-price-breaks-62k\/","mainEntityOfPage":{"@type":"WebPage","@id":"http:\/\/ktsl888.com\/analysis\/btc\/bitcoin-price-breaks-62k\/"},"thumbnailUrl":"https:\/\/ktsl888.com\/wp-content\/uploads\/2024\/07\/Bitcoin-62k.jpeg?resize=200%2C200","image":{"@type":"ImageObject","url":"https:\/\/ktsl888.com\/wp-content\/uploads\/2024\/07\/Bitcoin-62k.jpeg?fit=1792%2C1024"},"articleSection":"BTC","author":[{"@type":"Person","name":"Aayush Jindal"}],"creator":["Aayush Jindal"],"publisher":{"@type":"Organization","name":"NewsBTC","logo":"https:\/\/ktsl888.com\/wp-content\/uploads\/2020\/06\/cropped-cropped-cropped-favicon.png?w=32"},"keywords":["bitcoin","bitcoin price","btcusd","btcusdt","xbtusd"],"dateCreated":"2024-07-15T02:58:19Z","datePublished":"2024-07-15T02:58:19Z","dateModified":"2024-07-15T02:58:19Z"},"rendered":"<script type=\"application\/ld+json\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@type\":\"NewsArticle\",\"headline\":\"Bitcoin Price Breaks $62K: Rising Bullish Momentum, Will Prices Go Higher?\",\"url\":\"http:\\\/\\\/ktsl888.com\\\/analysis\\\/btc\\\/bitcoin-price-breaks-62k\\\/\",\"mainEntityOfPage\":{\"@type\":\"WebPage\",\"@id\":\"http:\\\/\\\/ktsl888.com\\\/analysis\\\/btc\\\/bitcoin-price-breaks-62k\\\/\"},\"thumbnailUrl\":\"https:\\\/\\\/ktsl888.com\\\/wp-content\\\/uploads\\\/2024\\\/07\\\/Bitcoin-62k.jpeg?resize=200%2C200\",\"image\":{\"@type\":\"ImageObject\",\"url\":\"https:\\\/\\\/ktsl888.com\\\/wp-content\\\/uploads\\\/2024\\\/07\\\/Bitcoin-62k.jpeg?fit=1792%2C1024\"},\"articleSection\":\"BTC\",\"author\":[{\"@type\":\"Person\",\"name\":\"Aayush Jindal\"}],\"creator\":[\"Aayush Jindal\"],\"publisher\":{\"@type\":\"Organization\",\"name\":\"NewsBTC\",\"logo\":\"https:\\\/\\\/ktsl888.com\\\/wp-content\\\/uploads\\\/2020\\\/06\\\/cropped-cropped-cropped-favicon.png?w=32\"},\"keywords\":[\"bitcoin\",\"bitcoin price\",\"btcusd\",\"btcusdt\",\"xbtusd\"],\"dateCreated\":\"2024-07-15T02:58:19Z\",\"datePublished\":\"2024-07-15T02:58:19Z\",\"dateModified\":\"2024-07-15T02:58:19Z\"}<\/script>","tracker_url":"https:\/\/cdn.parsely.com\/keys\/ktsl888.com\/p.js"},"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"https:\/\/ktsl888.com\/wp-content\/uploads\/2024\/07\/Bitcoin-62k.jpeg?fit=1792%2C1024","amp_enabled":true,"_links":{"self":[{"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/posts\/629751"}],"collection":[{"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/users\/67"}],"replies":[{"embeddable":true,"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/comments?post=629751"}],"version-history":[{"count":0,"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/posts\/629751\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/media\/629753"}],"wp:attachment":[{"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/media?parent=629751"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/categories?post=629751"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/tags?post=629751"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}