{"id":649577,"date":"2024-10-24T03:05:19","date_gmt":"2024-10-24T03:05:19","guid":{"rendered":"https:\/\/ktsl888.com\/?p=649577"},"modified":"2024-10-24T03:05:19","modified_gmt":"2024-10-24T03:05:19","slug":"bitcoin-price-uptrend-67500","status":"publish","type":"post","link":"https:\/\/ktsl888.com\/analysis\/btc\/bitcoin-price-uptrend-67500\/","title":{"rendered":"Bitcoin Price Could Reignite Uptrend: Is a New Surge Coming?"},"content":{"rendered":"<p><em>Bitcoin price tested the $65,200 zone before the bulls appeared. BTC is now rising and aiming for more upsides above the $67,500 resistance.<\/em><\/p>\n<ul>\n<li>Bitcoin extended losses and tested the $65,200 zone.<\/li>\n<li>The price is trading below $67,500 and the 100 hourly Simple moving average.<\/li>\n<li>There was a break above a key bearish trend line with resistance at $66,800 on the hourly chart of the BTC\/USD pair (data feed from Kraken).<\/li>\n<li>The pair could gain bullish momentum if it clears the $67,500 resistance zone.<\/li>\n<\/ul>\n<h2>Bitcoin Price Starts Fresh Increase<\/h2>\n<p>Bitcoin price extended its <a href=\"https:\/\/ktsl888.com\/analysis\/btc\/bitcoin-price-pauses-66500\/\" target=\"_blank\" rel=\"noopener \">downside correction<\/a> below the $66,500 level. There was a move below the $66,000 and $65,500 levels. The price even tested the $65,200 support zone.<\/p>\n<p>A low was formed at $65,199 and the price is again rising. There was a clear move above the $66,500 level. The price climbed above the 23.6% Fib retracement level of the downward move from the $69,425 swing high to the $65,199 low. Besides, there was a break above a key bearish trend line with resistance at $66,800 on the hourly chart of the BTC\/USD pair.<\/p>\n<p>Bitcoin price is now trading below $67,500 and the <a href=\"https:\/\/ktsl888.com\/analysis\/btc\/bitcoin-price-corrects-gains-66500\/\" target=\"_blank\" rel=\"noopener \">100 hourly Simple moving average<\/a>. On the upside, the price could face resistance near the $67,300 level or the 50% Fib retracement level of the downward move from the $69,425 swing high to the $65,199 low.<\/p>\n<p>The first key resistance is near the $67,500 level. A clear move above the $67,500 resistance might send the price higher. The next key resistance could be $68,000.<\/p>\n<figure id=\"attachment_649578\" aria-describedby=\"caption-attachment-649578\" style=\"width: 1024px\" class=\"wp-caption alignnone\"><a href=\"https:\/\/ktsl888.com\/wp-content\/uploads\/2024\/10\/Bitcoin_c41eea.png\"><img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" class=\"wp-image-649578 size-full\" src=\"https:\/\/ktsl888.com\/wp-content\/uploads\/2024\/10\/Bitcoin_c41eea.png?resize=1024%2C478\" alt=\"Bitcoin Price\" width=\"1024\" height=\"478\" srcset=\"https:\/\/ktsl888.com\/wp-content\/uploads\/2024\/10\/Bitcoin_c41eea.png?w=1835 1835w, https:\/\/ktsl888.com\/wp-content\/uploads\/2024\/10\/Bitcoin_c41eea.png?w=460 460w, https:\/\/ktsl888.com\/wp-content\/uploads\/2024\/10\/Bitcoin_c41eea.png?w=768 768w, https:\/\/ktsl888.com\/wp-content\/uploads\/2024\/10\/Bitcoin_c41eea.png?w=860 860w, https:\/\/ktsl888.com\/wp-content\/uploads\/2024\/10\/Bitcoin_c41eea.png?w=1536 1536w, https:\/\/ktsl888.com\/wp-content\/uploads\/2024\/10\/Bitcoin_c41eea.png?w=750 750w, https:\/\/ktsl888.com\/wp-content\/uploads\/2024\/10\/Bitcoin_c41eea.png?w=1140 1140w\" sizes=\"(max-width: 1000px) 100vw, 1000px\"><\/a><figcaption id=\"caption-attachment-649578\" 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 close above the $68,000 resistance might initiate more gains. In the stated case, the price could rise and test the $69,200 resistance level. Any more gains might send the price toward the $70,000 resistance level.<\/p>\n<h2>Another Decline In BTC?<\/h2>\n<p>If Bitcoin fails to rise above the $67,500 resistance zone, it could start another decline. Immediate support on the downside is near the $66,500 level.<\/p>\n<p>The first major support is near the $66,200 level. The next support is now near the $66,000 zone. Any more losses might send the price toward the $65,200 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 $66,500, followed by $66,200.<\/p>\n<p>Major Resistance Levels \u2013 $67,500, and $68,000.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Bitcoin price tested the $65,200 zone before the bulls appeared. BTC is now rising and aiming for more upsides above the $67,500 resistance. Bitcoin extended losses and tested the $65,200 zone. The price is trading below $67,500 and the 100 hourly Simple moving average. There was a break above a key bearish trend line with resistance at $66,800 on the hourly chart of the BTC\/USD pair (data feed from Kraken). The pair could gain bullish momentum if it clears the $67,500 resistance zone. Bitcoin Price Starts Fresh Increase Bitcoin price extended its downside correction below the $66,500 level. There was a move below the $66,000 and $65,500 levels. The price even tested the $65,200 support zone. A low was formed at $65,199 and the price is again rising. There was a clear move above the $66,500 level. The price climbed above the 23.6% Fib retracement level of the downward move from the $69,425 swing high to the $65,199 low. Besides, there was a break above a key bearish trend line with resistance at $66,800 on the hourly chart of the BTC\/USD pair. Bitcoin price is now trading below $67,500 and the 100 hourly Simple moving average. On the upside, the price could face resistance near the $67,300 level or the 50% Fib retracement level of the downward move from the $69,425 swing high to the $65,199 low. The first key resistance is near the $67,500 level. A clear move above the $67,500 resistance might send the price higher. The next key resistance could be $68,000. A close above the $68,000 resistance might initiate more gains. In the stated case, the price could rise and test the $69,200 resistance level. Any more gains might send the price toward the $70,000 resistance level. Another Decline In BTC? If Bitcoin fails to rise above the $67,500 resistance zone, it could start another decline. Immediate support on the downside is near the $66,500 level. The first major support is near the $66,200 level. The next support is now near the $66,000 zone. Any more losses might send the price toward the $65,200 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 $66,500, followed by $66,200. Major Resistance Levels \u2013 $67,500, and $68,000.<\/p>\n","protected":false},"author":67,"featured_media":649579,"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-649577","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 Could Reignite Uptrend: Is a New Surge Coming?<\/title>\n<meta name=\"description\" content=\"Bitcoin price tested the $65,200 zone before the bulls appeared. 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