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{"id":643893,"date":"2024-09-23T02:47:03","date_gmt":"2024-09-23T02:47:03","guid":{"rendered":"https:\/\/www.ktsl888.com\/?p=643893"},"modified":"2024-09-23T02:47:03","modified_gmt":"2024-09-23T02:47:03","slug":"bitcoin-price-strength-64k","status":"publish","type":"post","link":"https:\/\/www.ktsl888.com\/analysis\/btc\/bitcoin-price-strength-64k\/","title":{"rendered":"Bitcoin Price Regains Strength: Is a New Rally Brewing?"},"content":{"rendered":"

Bitcoin price gained pace above the $62,500 resistance. BTC even cleared the $63,200 level and is now consolidating gains above $63,500.<\/em><\/p>\n

\n
Bitcoin is gaining pace above the $63,200 resistance zone.<\/li>\n
The price is trading above $63,400 and the 100 hourly Simple moving average.<\/li>\n
There was a break above a connecting bearish trend line with resistance at $63,220 on the hourly chart of the BTC\/USD pair (data feed from Kraken).<\/li>\n
The pair could extend gains if it stays above the $62,500 support zone.<\/li>\n<\/ul>\n
Bitcoin Price Extend Gains Above $63,500<\/h2>\n
Bitcoin price extended its increase above the $62,500 level<\/a>. BTC was able to clear the $62,800 and $63,200 resistance levels to move further into a positive zone.<\/p>\n
There was also a break above a connecting bearish trend line with resistance at $63,220 on the hourly chart of the BTC\/USD pair. The bulls even pushed the price above the $63,500 level. A high was formed at $63,965 and the price is now consolidating gains<\/a>.<\/p>\n
There was a minor move below the $63,750 level. The price dipped and tested the 23.6% Fib retracement level of the upward move from the $62,440 swing low to the $63,965 high.<\/p>\n
Bitcoin is now trading above $63,500 and the 100 hourly Simple moving average. On the upside, the price could face resistance near the $63,950 level. The first key resistance is near the $64,200 level. A clear move above the $64,200 resistance might send the price higher.<\/p>\n
$\"Bitcoin$ <\/a>
Source: BTCUSD on TradingView.com<\/a><\/figcaption><\/figure>\n
The next key resistance could be $65,000. A close above the $65,000 resistance might spark more upsides. In the stated case, the price could rise and test the $65,500 resistance.<\/p>\n
Are Dips Supported In BTC?<\/h2>\n
If Bitcoin fails to rise above the $63,950 resistance zone, it could start a downside correction. Immediate support on the downside is near the $63,500 level.<\/p>\n
The first major support is $63,200 and the 50% Fib retracement level of the upward move from the $62,440 swing low to the $63,965 high. The next support is now near the $62,500 zone. Any more losses might send the price toward the $61,500 support 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 $63,500, followed by $63,200.<\/p>\n
Major Resistance Levels \u2013 $63,950, and $64,000.<\/p>\n","protected":false},"excerpt":{"rendered":"
Bitcoin price gained pace above the $62,500 resistance. BTC even cleared the $63,200 level and is now consolidating gains above $63,500. Bitcoin is gaining pace above the $63,200 resistance zone. The price is trading above $63,400 and the 100 hourly Simple moving average. There was a break above a connecting bearish trend line with resistance at $63,220 on the hourly chart of the BTC\/USD pair (data feed from Kraken). The pair could extend gains if it stays above the $62,500 support zone. Bitcoin Price Extend Gains Above $63,500 Bitcoin price extended its increase above the $62,500 level. BTC was able to clear the $62,800 and $63,200 resistance levels to move further into a positive zone. There was also a break above a connecting bearish trend line with resistance at $63,220 on the hourly chart of the BTC\/USD pair. The bulls even pushed the price above the $63,500 level. A high was formed at $63,965 and the price is now consolidating gains. There was a minor move below the $63,750 level. The price dipped and tested the 23.6% Fib retracement level of the upward move from the $62,440 swing low to the $63,965 high. Bitcoin is now trading above $63,500 and the 100 hourly Simple moving average. On the upside, the price could face resistance near the $63,950 level. The first key resistance is near the $64,200 level. A clear move above the $64,200 resistance might send the price higher. The next key resistance could be $65,000. A close above the $65,000 resistance might spark more upsides. In the stated case, the price could rise and test the $65,500 resistance. Are Dips Supported In BTC? If Bitcoin fails to rise above the $63,950 resistance zone, it could start a downside correction. Immediate support on the downside is near the $63,500 level. The first major support is $63,200 and the 50% Fib retracement level of the upward move from the $62,440 swing low to the $63,965 high. The next support is now near the $62,500 zone. Any more losses might send the price toward the $61,500 support 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 $63,500, followed by $63,200. Major Resistance Levels \u2013 $63,950, and $64,000.<\/p>\n","protected":false},"author":67,"featured_media":643895,"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-643893","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 Regains Strength: Is a New Rally Brewing?<\/title>\n<meta name=\"description\" content=\"Bitcoin price gained pace above the $62,500 resistance. 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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. 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