{"id":631652,"date":"2024-07-26T02:39:32","date_gmt":"2024-07-26T02:39:32","guid":{"rendered":"https:\/\/ktsl888.com\/?p=631652"},"modified":"2024-07-26T02:39:32","modified_gmt":"2024-07-26T02:39:32","slug":"bitcoin-price-recovers-65k","status":"publish","type":"post","link":"https:\/\/ktsl888.com\/analysis\/btc\/bitcoin-price-recovers-65k\/","title":{"rendered":"Bitcoin Price Recovers Lost Ground: Is the Bull Run Back?"},"content":{"rendered":"<p><em>Bitcoin price found support near the $63,500 zone. BTC is now rising and showing positive signs above the $65,500 resistance zone.<\/em><\/p>\n<ul>\n<li>Bitcoin formed a base and started a fresh increase above the $65,000 resistance zone.<\/li>\n<li>The price is trading above $65,500 and the 100 hourly Simple moving average.<\/li>\n<li>There was a break above a key bearish trend line with resistance at $66,000 on the hourly chart of the BTC\/USD pair (data feed from Kraken).<\/li>\n<li>The pair might accelerate higher toward the $67,500 and $68,000 levels in the short term.<\/li>\n<\/ul>\n<h2>Bitcoin Price Regains Strength, Jumps 4%<\/h2>\n<p>Bitcoin price extended losses and traded below the $64,200 level. However, BTC bulls were active near the <a href=\"https:\/\/ktsl888.com\/analysis\/btc\/bitcoin-price-falls-65k\/\" target=\"_blank\" rel=\"noopener \">$63,500 level<\/a>. A low was formed at $63,427 and the price recently started a fresh increase.<\/p>\n<p>There was a move above the $64,500 and $65,000 resistance levels. The price climbed above the 50% Fib retracement level of the downward move from the $68,240 swing high to the $63,427 low. Besides, there was a break above a key bearish trend line with resistance at $66,000 on the hourly chart of the BTC\/USD pair.<\/p>\n<p>Bitcoin price is now trading above $65,500 and the <a href=\"https:\/\/ktsl888.com\/analysis\/btc\/bitcoin-price-dips-65500\/\" target=\"_blank\" rel=\"noopener \">100 hourly Simple moving average<\/a>. If the price continues to rise, it could face resistance near the $67,000 level or the 76.4% Fib retracement level of the downward move from the $68,240 swing high to the $63,427 low.<\/p>\n<figure id=\"attachment_631653\" aria-describedby=\"caption-attachment-631653\" style=\"width: 1024px\" class=\"wp-caption alignnone\"><a href=\"https:\/\/ktsl888.com\/wp-content\/uploads\/2024\/07\/Bitcoin_fb8714.png\"><img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" class=\"wp-image-631653 size-full\" src=\"https:\/\/ktsl888.com\/wp-content\/uploads\/2024\/07\/Bitcoin_fb8714.png?resize=1024%2C461\" alt=\"Bitcoin Price\" width=\"1024\" height=\"461\" srcset=\"https:\/\/ktsl888.com\/wp-content\/uploads\/2024\/07\/Bitcoin_fb8714.png?w=1835 1835w, https:\/\/ktsl888.com\/wp-content\/uploads\/2024\/07\/Bitcoin_fb8714.png?w=460 460w, https:\/\/ktsl888.com\/wp-content\/uploads\/2024\/07\/Bitcoin_fb8714.png?w=768 768w, https:\/\/ktsl888.com\/wp-content\/uploads\/2024\/07\/Bitcoin_fb8714.png?w=860 860w, https:\/\/ktsl888.com\/wp-content\/uploads\/2024\/07\/Bitcoin_fb8714.png?w=1536 1536w, https:\/\/ktsl888.com\/wp-content\/uploads\/2024\/07\/Bitcoin_fb8714.png?w=750 750w, https:\/\/ktsl888.com\/wp-content\/uploads\/2024\/07\/Bitcoin_fb8714.png?w=1140 1140w\" sizes=\"(max-width: 1000px) 100vw, 1000px\"><\/a><figcaption id=\"caption-attachment-631653\" 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 first key resistance is near the $67,500 level. A clear move above the $67,500 resistance might send the price further higher in the coming sessions. The next key resistance could be $68,000. The next major hurdle sits at $68,500. A close above the $68,500 resistance might spark bullish moves. In the stated case, the price could rise and test the $70,000 resistance.<\/p>\n<h2>Another Decline In BTC?<\/h2>\n<p>If Bitcoin fails to recover above the $67,000 resistance zone, it could start another decline. Immediate support on the downside is near the $66,400 level and the 100 hourly Simple moving average.<\/p>\n<p>The first major support is $65,500. The next support is now near $65,000. Any more losses might send the price toward the $63,500 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 $66,400, followed by $65,500.<\/p>\n<p>Major Resistance Levels \u2013 $67,000, and $68,000.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Bitcoin price found support near the $63,500 zone. BTC is now rising and showing positive signs above the $65,500 resistance zone. Bitcoin formed a base and started a fresh increase above the $65,000 resistance zone. The price is trading above $65,500 and the 100 hourly Simple moving average. There was a break above a key bearish trend line with resistance at $66,000 on the hourly chart of the BTC\/USD pair (data feed from Kraken). The pair might accelerate higher toward the $67,500 and $68,000 levels in the short term. Bitcoin Price Regains Strength, Jumps 4% Bitcoin price extended losses and traded below the $64,200 level. However, BTC bulls were active near the $63,500 level. A low was formed at $63,427 and the price recently started a fresh increase. There was a move above the $64,500 and $65,000 resistance levels. The price climbed above the 50% Fib retracement level of the downward move from the $68,240 swing high to the $63,427 low. Besides, there was a break above a key bearish trend line with resistance at $66,000 on the hourly chart of the BTC\/USD pair. Bitcoin price is now trading above $65,500 and the 100 hourly Simple moving average. If the price continues to rise, it could face resistance near the $67,000 level or the 76.4% Fib retracement level of the downward move from the $68,240 swing high to the $63,427 low. The first key resistance is near the $67,500 level. A clear move above the $67,500 resistance might send the price further higher in the coming sessions. The next key resistance could be $68,000. The next major hurdle sits at $68,500. A close above the $68,500 resistance might spark bullish moves. In the stated case, the price could rise and test the $70,000 resistance. Another Decline In BTC? If Bitcoin fails to recover above the $67,000 resistance zone, it could start another decline. Immediate support on the downside is near the $66,400 level and the 100 hourly Simple moving average. The first major support is $65,500. The next support is now near $65,000. Any more losses might send the price toward the $63,500 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 $66,400, followed by $65,500. Major Resistance Levels \u2013 $67,000, and $68,000.<\/p>\n","protected":false},"author":67,"featured_media":631654,"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-631652","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 Recovers Lost Ground: Is the Bull Run Back?<\/title>\n<meta name=\"description\" content=\"Bitcoin price found support near the $63,500 zone. 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