{"id":630102,"date":"2024-07-17T02:55:28","date_gmt":"2024-07-17T02:55:28","guid":{"rendered":"https:\/\/ktsl888.com\/?p=630102"},"modified":"2024-07-17T02:55:28","modified_gmt":"2024-07-17T02:55:28","slug":"bitcoin-price-rise-70k","status":"publish","type":"post","link":"https:\/\/ktsl888.com\/analysis\/btc\/bitcoin-price-rise-70k\/","title":{"rendered":"Bitcoin Price On The Rise: Is The $70K Mark Within Reach?"},"content":{"rendered":"<p><em>Bitcoin price gained over 15% and broke the $65,000 resistance level. BTC is still showing positive signs and might attempt to move above the $66,000 level.<\/em><\/p>\n<ul>\n<li>Bitcoin extended its increase above the $65,000 resistance zone.<\/li>\n<li>The price is trading above $64,500 and the 100 hourly Simple moving average.<\/li>\n<li>There is a key bullish trend line forming with support at $63,850 on the hourly chart of the BTC\/USD pair (data feed from Kraken).<\/li>\n<li>The pair might continue to move up if it breaks the $66,000 resistance.<\/li>\n<\/ul>\n<h2>Bitcoin Price Extends Increase, Bulls In Action<\/h2>\n<p>Bitcoin price remained in a <a href=\"https:\/\/ktsl888.com\/analysis\/btc\/bitcoin-price-pace-65k\/\" target=\"_blank\" rel=\"noopener \">bullish zone<\/a> above the $62,500 and $63,500 resistance levels. BTC was able to surpass the $64,000 level to extend its increase. The bulls even pushed the price toward the $66,000 zone.<\/p>\n<p>A high was formed at $66,100 and the price is now consolidating gains. It is trading well above the 23.6% Fib retracement level of the upward move from the $62,466 swing low to the $66,100 high. There is also a key bullish trend line forming with support at $63,850 on the hourly chart of the BTC\/USD pair.<\/p>\n<p>Bitcoin price is now trading above $64,500 and the <a href=\"https:\/\/ktsl888.com\/analysis\/btc\/bitcoin-price-breaks-62k\/\" target=\"_blank\" rel=\"noopener \">100 hourly Simple moving average<\/a>. If there is an upside continuation, the price could face resistance near the $66,000 level. The first key resistance is near the $66,500 level.<\/p>\n<figure id=\"attachment_630103\" aria-describedby=\"caption-attachment-630103\" style=\"width: 1024px\" class=\"wp-caption alignnone\"><a href=\"https:\/\/ktsl888.com\/wp-content\/uploads\/2024\/07\/Bitcoin_0e0410.png\"><img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" class=\"wp-image-630103 size-full\" src=\"https:\/\/ktsl888.com\/wp-content\/uploads\/2024\/07\/Bitcoin_0e0410.png?resize=1024%2C461\" alt=\"Bitcoin Price\" width=\"1024\" height=\"461\" srcset=\"https:\/\/ktsl888.com\/wp-content\/uploads\/2024\/07\/Bitcoin_0e0410.png?w=1835 1835w, https:\/\/ktsl888.com\/wp-content\/uploads\/2024\/07\/Bitcoin_0e0410.png?w=460 460w, https:\/\/ktsl888.com\/wp-content\/uploads\/2024\/07\/Bitcoin_0e0410.png?w=768 768w, https:\/\/ktsl888.com\/wp-content\/uploads\/2024\/07\/Bitcoin_0e0410.png?w=860 860w, https:\/\/ktsl888.com\/wp-content\/uploads\/2024\/07\/Bitcoin_0e0410.png?w=1536 1536w, https:\/\/ktsl888.com\/wp-content\/uploads\/2024\/07\/Bitcoin_0e0410.png?w=750 750w, https:\/\/ktsl888.com\/wp-content\/uploads\/2024\/07\/Bitcoin_0e0410.png?w=1140 1140w\" sizes=\"(max-width: 1000px) 100vw, 1000px\"><\/a><figcaption id=\"caption-attachment-630103\" 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>A clear move above the $66,500 resistance might spark more bullish moves in the coming sessions. The next key resistance could be $67,200. The next major hurdle sits at $68,000. A close above the $68,000 resistance might push the price further higher. In the stated case, the price could rise and test the $70,000 resistance.<\/p>\n<h2>Are Dips Supported In BTC?<\/h2>\n<p>If Bitcoin fails to climb above the $66,000 resistance zone, it could start a downside correction. Immediate support on the downside is near the $66,000 level.<\/p>\n<p>The first major support is $64,250 and the 50% Fib retracement level of the upward move from the $62,466 swing low to the $66,100 high. The next support is now near $63,650 and the trend line. Any more losses might send the price toward the $62,500 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 above the 50 level.<\/p>\n<p>Major Support Levels \u2013 $64,250, followed by $63,850.<\/p>\n<p>Major Resistance Levels \u2013 $66,000, and $67,200.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Bitcoin price gained over 15% and broke the $65,000 resistance level. BTC is still showing positive signs and might attempt to move above the $66,000 level. Bitcoin extended its increase above the $65,000 resistance zone. The price is trading above $64,500 and the 100 hourly Simple moving average. There is a key bullish trend line forming with support at $63,850 on the hourly chart of the BTC\/USD pair (data feed from Kraken). The pair might continue to move up if it breaks the $66,000 resistance. Bitcoin Price Extends Increase, Bulls In Action Bitcoin price remained in a bullish zone above the $62,500 and $63,500 resistance levels. BTC was able to surpass the $64,000 level to extend its increase. The bulls even pushed the price toward the $66,000 zone. A high was formed at $66,100 and the price is now consolidating gains. It is trading well above the 23.6% Fib retracement level of the upward move from the $62,466 swing low to the $66,100 high. There is also a key bullish trend line forming with support at $63,850 on the hourly chart of the BTC\/USD pair. Bitcoin price is now trading above $64,500 and the 100 hourly Simple moving average. If there is an upside continuation, the price could face resistance near the $66,000 level. The first key resistance is near the $66,500 level. A clear move above the $66,500 resistance might spark more bullish moves in the coming sessions. The next key resistance could be $67,200. The next major hurdle sits at $68,000. A close above the $68,000 resistance might push the price further higher. In the stated case, the price could rise and test the $70,000 resistance. Are Dips Supported In BTC? If Bitcoin fails to climb above the $66,000 resistance zone, it could start a downside correction. Immediate support on the downside is near the $66,000 level. The first major support is $64,250 and the 50% Fib retracement level of the upward move from the $62,466 swing low to the $66,100 high. The next support is now near $63,650 and the trend line. Any more losses might send the price toward the $62,500 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 $64,250, followed by $63,850. Major Resistance Levels \u2013 $66,000, and $67,200.<\/p>\n","protected":false},"author":67,"featured_media":630104,"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-630102","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":"\n<title>Bitcoin Price On The Rise: Is The $70K Mark Within Reach?<\/title>\n<meta name=\"description\" content=\"Bitcoin price gained over 15% and broke the $65,000 resistance level. 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