TA: Bitcoin Stuck Near $35K, What Could Trigger A Strong Rally

2021-6-29 06:08

Bitcoin price climbed higher and it settled above the $34,000 level against the US Dollar. BTC is likely to continue higher if it settles above $35,000 in the near term.

Bitcoin started a fresh increase above the $33,500 and $34,000 resistance levels. The price is now trading nicely above $34,000 and the 100 hourly simple moving average. There is a key bullish trend line forming with support near $34,500 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair is likely to rally above $35,000 unless there is a clear break below the trend line support. Bitcoin Price Remains Supported

Bitcoin remained well bid above the main $30,000 support zone. BTC started a fresh increase above the $32,500 and $33,500 resistance levels. The price even broke the $34,000 pivot level.

It is now trading nicely above $34,000 and the 100 hourly simple moving average. There was also a spike above the $35,000 level. However, the bulls failed to gain strength above $35,000 and the price is now consolidating gains.

It tested the 23.6% Fib retracement level of the upward move from the $30,180 swing low to $35,315 high. Bitcoin is now trading nicely above the $34,500 level. There is also a key bullish trend line forming with support near $34,500 on the hourly chart of the BTC/USD pair.

Source: BTCUSD on TradingView.com

If the pair fails to stay above the trend line support, it could decline further towards $33,200 and the 100 hourly SMA. The next major support is near the $32,800 level. It is near the 50% Fib retracement level of the upward move from the $30,180 swing low to $35,315 high.

Fresh Rally in BTC?

If bitcoin remains stable above the trend line support, it could rise further above the $35,000 resistance. An immediate resistance on the upside is near the $35,500 level.

The next key resistance is near $36,500, above which the bulls are likely to aim a rally towards $38,000. Any more gain could lift the price towards the key the $40,000 zone in the near term.

Technical indicators:

Hourly MACD – The MACD is slowly losing pace in the bullish zone.

Hourly RSI (Relative Strength Index) – The RSI for BTC/USD is still well above the 50 level.

Major Support Levels – $34,500, followed by $33,200.

Major Resistance Levels – $35,000, $35,500 and $36,500.

Similar to Notcoin - Blum - Airdrops In 2024

origin »

Bitcoin (BTC) на Currencies.ru

$ 69415.12 (+0.14%)
Объем 24H $47.852b
Изменеия 24h: 2.78 %, 7d: -4.30 %
Cегодня L: $69321.36 - H: $69415.12
Капитализация $1372.905b Rank 1
Цена в час новости $ 34718.75 (99.94%)

above bitcoin higher near settles levels continue

Источник: newsbtc.com

above bitcoin → Результатов: 126


Bitcoin Dogs price: What’s the outlook as BTC spikes above $68k?

Bitcoin Dogs rose 30% in two weeks before paring gains. Bitcoin price is back above $68,000 after last week’s slip halted bulls’ momentum. With BTC regaining control above $68k, could this spark Bitcoin Dogs price? New upside momentum has pushed Bitcoin (BTC) above $68,500 following last week’s sharp decline that saw bears reject movement above […] The post Bitcoin Dogs price: What’s the outlook as BTC spikes above $68k? appeared first on CoinJournal.

2024-10-29 14:05


Фото:

Bitcoin’s climb above $60k causes futures open interest to surge $2B in a day

Bitcoin’s breakout above $60,000 seems to have triggered a new spark of optimism among traders. The market has been flat for most of August after experiencing a significant drop at the beginning of the month, which is why the relatively slight price increase above the $60,000 threshold was enough to inject the market with a […] The post Bitcoin’s climb above $60k causes futures open interest to surge $2B in a day appeared first on CryptoSlate.

2024-8-23 05:00


дальше еще 77 новостей →

Партнеры Currencies.ru

Аналог Notcoin - Blum - Играй и зарабатывай Монеты



Реклама на Currencies.ru

Самое свежее на Currencies.ru

Bitcoin Price Takes a Sharp Dip: Is This Just a Correction?

Bitcoin price is correcting gains from the $73,500 zone. BTC is back below the $70,000 level and showing a few bearish signs. Bitcoin started a fresh decline from the $73,500 zone. The price is trading below $71,500 and the 100 hourly Simple moving average.

Bitcoin Price Nears All-Time High: Can It Push Past the Mark?

Bitcoin price is rallying above the $72,000 zone. BTC is up over 5% and it could soon aim for a new all-time high above $73,500. Bitcoin started a fresh increase above the $70,000 zone. The price is trading above $70,500 and the 100 hourly Simple moving average.

Bitcoin Price Rallies Above $70K: Is a New High Within Reach?

Bitcoin price is rallying above the $70,000 zone. BTC is up over 5% and it could soon aim for a move above the $72,000 resistance zone. Bitcoin started a fresh increase above the $68,000 zone. The price is trading above $70,000 and the 100 hourly Simple moving average.

Bitcoin Price Targets Gradual Rise: Will the Uptrend Hold?

Bitcoin price is attempting a fresh increase above the $67,000 zone. BTC could gain pace if it clears the $68,750 resistance zone. Bitcoin started a fresh increase from the $65,500 zone. The price is trading above $67,200 and the 100 hourly Simple moving average.

Bitcoin Price Eyes Further Gains: Can It Keep Climbing?

Bitcoin price is attempting a fresh increase above the $37,000 zone. BTC could gain pace if it clears the $68,800 resistance zone. Bitcoin started a fresh increase from the $65,200 zone. The price is trading above $67,500 and the 100 hourly Simple moving average.

Bitcoin Price Could Reignite Uptrend: Is a New Surge Coming?

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.