Bitcoin

Rise

<p style="text-align: justify">You can also read this news on COINTURK NEWS: <a href="https://en.coin-turk.com/bitcoin-continues-to-break-records/" data-wpel-link="internal">Bitcoin Continues to Break Records</a><br></p>
<p style="text-align: justify"><a href="https://coin-turk.com/kripto-para-birimlerinin-dini-hukmu-nedir-bitcoin-caiz-mi-diyanet-aciklamasi" data-wpel-link="internal">Bitcoin</a> continues to set new records. It is beneficial to question whether the upward momentum of <a href="https://coin-turk.com/bitcoinde-btc-volatilite-artabilir-bu-gelismeye-dikkat" data-wpel-link="internal">BTC</a> will be decisive as it continues to rise. The <a href="https://coin-turk.com/sok-duyuru-bm-kripto-paralarin-gucune-siginacagini-acikladi" data-wpel-link="internal">cryptocurrency</a> markets have shown remarkable performance in recent days. <a href="https://en.coin-turk.com/first-physical-bitcoin-heading-to-the-moon-a-significant-milestone-for-crypto-and-space-exploration/" data-wpel-link="internal">Bitcoin</a> remains above the $70,000 resistance level. However, to determine if this rise is sustainable, it is necessary to consider some key levels.</p> 
<h2 style="text-align: justify" id="how-much-is-bitcoin-worth-now">How Much Is Bitcoin Worth Now?</h2> 
<p style="text-align: justify">While Bitcoin is breaking new records, it is currently trading above $73,300. <a href="https://en.coin-turk.com/secs-stance-on-spot-bitcoin-etfs-likely-to-shift-bernstein-analysts-suggest/" data-wpel-link="internal">BTC</a> is also above the 100-hour Simple Moving Average. This indicates a relatively positive short-term outlook.</p> 
<p style="text-align: justify">Currently, there are some positive signs in technical indicators. For example, the hourly MACD is gaining momentum in the bullish zone, and the Relative Strength Index (RSI) is above the 50 level for BTC/USD. However, we always say that these indicators alone are not sufficient. Market sentiment and investor behavior can be decisive.</p> 
<p><img loading="lazy" loading="lazy" decoding="async" class="wp-image-326793 size-full aligncenter" src="https://coin-turk.com/wp-content/uploads/2024/03/btc-bitcoin-coin-turk-com-1-3.png" alt="" width="1815" height="836"></p> 
<p style="text-align: justify">Although Bitcoin reaching a new all-time high is noteworthy, investors should keep in mind that corrections and pullbacks are inevitable. In this context, the $71,300 support level is significant. A downward movement from this point, as in yesterday’s example, could trigger a move below the $69,000 level. However, in the case of a stronger pullback, special attention should be paid to the main $70,000 support level.</p> 
<h2 style="text-align: justify" id="will-bitcoin-rise-further">Will Bitcoin Rise Further?</h2> 
<p style="text-align: justify">It is certainly not easy to answer this question. For the next move in the cryptocurrency Bitcoin, it seems that the $73,700 resistance area needs to be breached. This level could be a critical breaking point for the price to gain momentum towards higher levels. However, if this resistance cannot be overcome, a downward correction is possible, and a retreat to the main $70,000 support level could be likely.</p> 
<p style="text-align: justify">The short-term performance of Bitcoin seems to depend on surpassing certain levels. Breaking above the $73,650 peak may indicate more upside potential, while a drop below the $72,000 support level could lead to a correction. For Bitcoin, the flagship of cryptocurrencies, maintaining above the $74,000 level in the next phase could propel the price to $80,000 and higher levels.</p> 
<h5><span style="font-weight:bold;font-size:16px">The post first appeared on COINTURK NEWS: </span> <a href="https://en.coin-turk.com/bitcoin-continues-to-break-records/" data-wpel-link="internal">Bitcoin Continues to Break Records</a></h5>

Bitcoin Continues to Break Records

Table of Contents

COINTURK NEWS

Other articles published on Mar 13, 2024

Raffle Coin (RAFF) Surges Amidst Market Frenzy with Dogecoin (DOGE) Spiking 58% in Just 7 Days & ...

Is it Safe to Bet on NFL Draft with Cryptocurrencies?

Love for Kelexo (KLXO): Dogecoin (DOGE) & Cardano (ADA) Enthusiasts Predict 40X Potential in Pres...

Cutting-Edge AI Technology Revolutionizes Vineyard Management

Bitcoin’s Price Surge Creates New Millionaires

How One Bitgert Trader’s $100 Investment Catapulted to $1.9M – Can You Replicate Their Triumph?

Join our free newsletter for daily crypto updates!