{"id":631955,"date":"2024-07-29T03:16:21","date_gmt":"2024-07-29T03:16:21","guid":{"rendered":"https:\/\/ktsl888.com\/?p=631955"},"modified":"2024-07-29T03:16:21","modified_gmt":"2024-07-29T03:16:21","slug":"bitcoin-price-pump-70k","status":"publish","type":"post","link":"https:\/\/ktsl888.com\/analysis\/btc\/bitcoin-price-pump-70k\/","title":{"rendered":"Bitcoin Price Poised for Fresh Pump: Market Prepares for Upswing"},"content":{"rendered":"<p><em>Bitcoin price started a fresh increase above the $68,000 resistance. BTC is now rising and might climb toward the $70,000 resistance zone.<\/em><\/p>\n<ul>\n<li>Bitcoin formed a base and started a fresh increase above the $68,000 resistance zone.<\/li>\n<li>The price is trading above $68,500 and the 100 hourly Simple moving average.<\/li>\n<li>There was a break above a key bearish trend line with resistance at $68,200 on the hourly chart of the BTC\/USD pair (data feed from Kraken).<\/li>\n<li>The pair might accelerate higher toward the $70,000 and $70,800 levels in the short term.<\/li>\n<\/ul>\n<h2>Bitcoin Price Could Soon Retest $70,000<\/h2>\n<p>Bitcoin price remained in a <a href=\"https:\/\/ktsl888.com\/analysis\/btc\/bitcoin-price-recovers-65k\/\" target=\"_blank\" rel=\"noopener \">positive zone<\/a> above the $65,500 resistance zone. BTC cleared the $66,800 and $67,500 levels to move further into a positive zone. The bulls even pushed the price above the $68,000 resistance.<\/p>\n<p>There was a break above a key bearish trend line with resistance at $68,200 on the hourly chart of the BTC\/USD pair. The pair gathered pace for a move above the 76.4% Fib retracement level of the downward move from the $69,398 swing high to the $66,6274 low.<\/p>\n<p>Bitcoin price is now trading above $68,500 and the <a href=\"https:\/\/ktsl888.com\/analysis\/btc\/bitcoin-price-falls-65k\/\" target=\"_blank\" rel=\"noopener \">100 hourly Simple moving average<\/a>. If the price continues to rise, it could face resistance near the $69,800 level.<\/p>\n<p>The first key resistance is near the $70,000 level or the 1.236 Fib extension level of the downward move from the $69,398 swing high to the $66,6274 low. A clear move above the $70,000 resistance might send the price further higher in the coming sessions.<\/p>\n<figure id=\"attachment_631956\" aria-describedby=\"caption-attachment-631956\" style=\"width: 1024px\" class=\"wp-caption alignnone\"><a href=\"https:\/\/ktsl888.com\/wp-content\/uploads\/2024\/07\/Bitcoin_98ab86.png\"><img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" class=\"wp-image-631956 size-full\" src=\"https:\/\/ktsl888.com\/wp-content\/uploads\/2024\/07\/Bitcoin_98ab86.png?resize=1024%2C461\" alt=\"Bitcoin Price\" width=\"1024\" height=\"461\" srcset=\"https:\/\/ktsl888.com\/wp-content\/uploads\/2024\/07\/Bitcoin_98ab86.png?w=1835 1835w, https:\/\/ktsl888.com\/wp-content\/uploads\/2024\/07\/Bitcoin_98ab86.png?w=460 460w, https:\/\/ktsl888.com\/wp-content\/uploads\/2024\/07\/Bitcoin_98ab86.png?w=768 768w, https:\/\/ktsl888.com\/wp-content\/uploads\/2024\/07\/Bitcoin_98ab86.png?w=860 860w, https:\/\/ktsl888.com\/wp-content\/uploads\/2024\/07\/Bitcoin_98ab86.png?w=1536 1536w, https:\/\/ktsl888.com\/wp-content\/uploads\/2024\/07\/Bitcoin_98ab86.png?w=750 750w, https:\/\/ktsl888.com\/wp-content\/uploads\/2024\/07\/Bitcoin_98ab86.png?w=1140 1140w\" sizes=\"(max-width: 1000px) 100vw, 1000px\"><\/a><figcaption id=\"caption-attachment-631956\" 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 $70,800. The next major hurdle sits at $71,200. A close above the $71,200 resistance might spark bullish moves. In the stated case, the price could rise and test the $72,000 resistance.<\/p>\n<h2>Are Dips Limited In BTC?<\/h2>\n<p>If Bitcoin fails to recover above the $70,000 resistance zone, it could start another decline. Immediate support on the downside is near the $68,750 level.<\/p>\n<p>The first major support is $68,000. The next support is now near $67,250 and the 100 hourly Simple moving average. Any more losses might send the price toward the $66,500 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 $68,750, followed by $68,000.<\/p>\n<p>Major Resistance Levels \u2013 $69,800, and $70,000.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Bitcoin price started a fresh increase above the $68,000 resistance. BTC is now rising and might climb toward the $70,000 resistance zone. Bitcoin formed a base and started a fresh increase above the $68,000 resistance zone. The price is trading above $68,500 and the 100 hourly Simple moving average. There was a break above a key bearish trend line with resistance at $68,200 on the hourly chart of the BTC\/USD pair (data feed from Kraken). The pair might accelerate higher toward the $70,000 and $70,800 levels in the short term. Bitcoin Price Could Soon Retest $70,000 Bitcoin price remained in a positive zone above the $65,500 resistance zone. BTC cleared the $66,800 and $67,500 levels to move further into a positive zone. The bulls even pushed the price above the $68,000 resistance. There was a break above a key bearish trend line with resistance at $68,200 on the hourly chart of the BTC\/USD pair. The pair gathered pace for a move above the 76.4% Fib retracement level of the downward move from the $69,398 swing high to the $66,6274 low. Bitcoin price is now trading above $68,500 and the 100 hourly Simple moving average. If the price continues to rise, it could face resistance near the $69,800 level. The first key resistance is near the $70,000 level or the 1.236 Fib extension level of the downward move from the $69,398 swing high to the $66,6274 low. A clear move above the $70,000 resistance might send the price further higher in the coming sessions. The next key resistance could be $70,800. The next major hurdle sits at $71,200. A close above the $71,200 resistance might spark bullish moves. In the stated case, the price could rise and test the $72,000 resistance. Are Dips Limited In BTC? If Bitcoin fails to recover above the $70,000 resistance zone, it could start another decline. Immediate support on the downside is near the $68,750 level. The first major support is $68,000. The next support is now near $67,250 and the 100 hourly Simple moving average. Any more losses might send the price toward the $66,500 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 $68,750, followed by $68,000. Major Resistance Levels \u2013 $69,800, and $70,000.<\/p>\n","protected":false},"author":67,"featured_media":631957,"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-631955","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 Poised for Fresh Pump: Market Prepares for Upswing<\/title>\n<meta name=\"description\" content=\"Bitcoin price started a fresh increase above the $68,000 resistance. 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