{"id":641644,"date":"2024-09-13T02:48:05","date_gmt":"2024-09-13T02:48:05","guid":{"rendered":"https:\/\/ktsl888.com\/?p=641644"},"modified":"2024-09-13T02:48:05","modified_gmt":"2024-09-13T02:48:05","slug":"bitcoin-price-gains-60k","status":"publish","type":"post","link":"https:\/\/ktsl888.com\/analysis\/btc\/bitcoin-price-gains-60k\/","title":{"rendered":"Bitcoin Price Eyes Further Gains Toward $60K: Can It Break Through?"},"content":{"rendered":"<p><em>Bitcoin price is holding gains above the $57,500 resistance. BTC is now showing positive signs and might aim for a move toward $60,000.<\/em><\/p>\n<ul>\n<li>Bitcoin is attempting a fresh increase above the $57,200 support zone.<\/li>\n<li>The price is trading above $57,500 and the 100 hourly Simple moving average.<\/li>\n<li>There is a key contracting triangle forming with resistance at $58,500 on the hourly chart of the BTC\/USD pair (data feed from Kraken).<\/li>\n<li>The pair could climb higher if it clears the $58,500 and $58,650 resistance levels in the near term.<\/li>\n<\/ul>\n<h2>Bitcoin Price Could Extend Gains<\/h2>\n<p>Bitcoin price started a <a href=\"https:\/\/ktsl888.com\/analysis\/btc\/bitcoin-price-rises-60k\/\" target=\"_blank\" rel=\"noopener \">decent increase<\/a> after it broke the $57,000 resistance zone. BTC was able to climb above the $57,500 resistance. The pair even cleared the $58,000 resistance zone.<\/p>\n<p>However, the bears seem to be active near the $58,500 resistance zone. A high is formed at $58,450 and the price is now consolidating gains. There was a minor decline below the $58,000 level. The price even dipped below the 23.6% Fib retracement level of the upward move from the $55,550 swing low to the $58,450 high.<\/p>\n<p>Bitcoin is now trading above $57,500 and the <a href=\"https:\/\/ktsl888.com\/analysis\/btc\/bitcoin-price-battles-58k\/\" target=\"_blank\" rel=\"noopener \">100 hourly Simple moving average<\/a>. On the upside, the price could face resistance near the $58,500 level. There is also a key contracting triangle forming with resistance at $58,500 on the hourly chart of the BTC\/USD pair.<\/p>\n<figure id=\"attachment_641645\" aria-describedby=\"caption-attachment-641645\" style=\"width: 1024px\" class=\"wp-caption alignnone\"><a href=\"https:\/\/ktsl888.com\/wp-content\/uploads\/2024\/09\/Bitcoin_bdb7e9.png\"><img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" class=\"wp-image-641645 size-full\" src=\"https:\/\/ktsl888.com\/wp-content\/uploads\/2024\/09\/Bitcoin_bdb7e9.png?resize=1024%2C478\" alt=\"Bitcoin Price\" width=\"1024\" height=\"478\" srcset=\"https:\/\/ktsl888.com\/wp-content\/uploads\/2024\/09\/Bitcoin_bdb7e9.png?w=1835 1835w, https:\/\/ktsl888.com\/wp-content\/uploads\/2024\/09\/Bitcoin_bdb7e9.png?w=460 460w, https:\/\/ktsl888.com\/wp-content\/uploads\/2024\/09\/Bitcoin_bdb7e9.png?w=768 768w, https:\/\/ktsl888.com\/wp-content\/uploads\/2024\/09\/Bitcoin_bdb7e9.png?w=860 860w, https:\/\/ktsl888.com\/wp-content\/uploads\/2024\/09\/Bitcoin_bdb7e9.png?w=1536 1536w, https:\/\/ktsl888.com\/wp-content\/uploads\/2024\/09\/Bitcoin_bdb7e9.png?w=750 750w, https:\/\/ktsl888.com\/wp-content\/uploads\/2024\/09\/Bitcoin_bdb7e9.png?w=1140 1140w\" sizes=\"(max-width: 1000px) 100vw, 1000px\"><\/a><figcaption id=\"caption-attachment-641645\" 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 $58,650 level. A clear move above the $58,650 resistance might start a steady increase in the coming sessions. The next key resistance could be $59,200. A close above the $59,200 resistance might spark more upsides. In the stated case, the price could rise and test the $60,000 resistance.<\/p>\n<h2>Another Drop In BTC?<\/h2>\n<p>If Bitcoin fails to rise above the $58,500 resistance zone, it could start another decline. Immediate support on the downside is near the $57,600 level.<\/p>\n<p>The first major support is $56,650 or the 61.8% Fib retracement level of the upward move from the $55,550 swing low to the $58,450 high. The next support is now near the $56,220 zone. Any more losses might send the price toward the $55,550 support in the near term.<\/p>\n<p>Technical indicators:<\/p>\n<p>Hourly MACD \u2013 The MACD is now losing 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 $57,600, followed by $55,550.<\/p>\n<p>Major Resistance Levels \u2013 $58,500, and $58,650.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Bitcoin price is holding gains above the $57,500 resistance. BTC is now showing positive signs and might aim for a move toward $60,000. Bitcoin is attempting a fresh increase above the $57,200 support zone. The price is trading above $57,500 and the 100 hourly Simple moving average. There is a key contracting triangle forming with resistance at $58,500 on the hourly chart of the BTC\/USD pair (data feed from Kraken). The pair could climb higher if it clears the $58,500 and $58,650 resistance levels in the near term. Bitcoin Price Could Extend Gains Bitcoin price started a decent increase after it broke the $57,000 resistance zone. BTC was able to climb above the $57,500 resistance. The pair even cleared the $58,000 resistance zone. However, the bears seem to be active near the $58,500 resistance zone. A high is formed at $58,450 and the price is now consolidating gains. There was a minor decline below the $58,000 level. The price even dipped below the 23.6% Fib retracement level of the upward move from the $55,550 swing low to the $58,450 high. Bitcoin is now trading above $57,500 and the 100 hourly Simple moving average. On the upside, the price could face resistance near the $58,500 level. There is also a key contracting triangle forming with resistance at $58,500 on the hourly chart of the BTC\/USD pair. The first key resistance is near the $58,650 level. A clear move above the $58,650 resistance might start a steady increase in the coming sessions. The next key resistance could be $59,200. A close above the $59,200 resistance might spark more upsides. In the stated case, the price could rise and test the $60,000 resistance. Another Drop In BTC? If Bitcoin fails to rise above the $58,500 resistance zone, it could start another decline. Immediate support on the downside is near the $57,600 level. The first major support is $56,650 or the 61.8% Fib retracement level of the upward move from the $55,550 swing low to the $58,450 high. The next support is now near the $56,220 zone. Any more losses might send the price toward the $55,550 support in the near term. Technical indicators: Hourly MACD \u2013 The MACD is now losing 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 $57,600, followed by $55,550. Major Resistance Levels \u2013 $58,500, and $58,650.<\/p>\n","protected":false},"author":67,"featured_media":641646,"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-641644","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 Eyes Further Gains Toward $60K: Can It Break Through?<\/title>\n<meta name=\"description\" content=\"Bitcoin price is holding gains above the $57,500 resistance. 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