Cryptocurrency

Bitcoin

<p style="text-align: justify">You can also read this news on COINTURK NEWS: <a href="https://en.coin-turk.com/bitcoin-price-holds-above-66000/" data-wpel-link="internal">Bitcoin Price Holds Above $66,000</a><br></p>
<p style="text-align: justify"><strong><a href="https://coin-turk.com/korku-ve-acgozluluk-endeksi-son-3-ayin-en-dusuk-seviyesinde-bu-ne-anlama-geliyor" data-wpel-link="internal">Cryptocurrency</a></strong> markets have been increasing volatility lately, continuing to excite investors. The decline in <a href="https://coin-turk.com/bitcoin-btc-fiyati-abdden-gelen-bu-haber-ile-rekora-gidebilir" data-wpel-link="internal">Bitcoin</a> price, expanding below the $65,000 support zone, continues to worry investors. However, all hope is not lost. <a href="https://coin-turk.com/kripto-para-piyasalarindaki-son-dusus-bir-firsat-mi" data-wpel-link="internal">BTC</a> is currently consolidating its losses and is about to try a recovery wave to $67,000.</p> 
<h2 style="text-align: justify" id="bitcoin-price-dips-below-key-support-levels">Bitcoin Price Dips Below Key Support Levels</h2> 
<p style="text-align: justify"><strong><a href="https://en.coin-turk.com/spot-bitcoin-etfs-could-signal-a-paradigmatic-shift/" data-wpel-link="internal">Bitcoin</a></strong> price has followed a negative trend recently, slipping below the $65,500 and $65,000 levels. It even broke the $68,000 support zone, reinforcing the downtrend. At this point, the price tested the $64,500 region. However, this abrupt halt in the downtrend has unsettled investors.</p> 
<p style="text-align: justify">Currently, Bitcoin is trading below the crucial $67,000 level and is under the 100-hour Simple Moving Average. On the hourly chart of the <a href="https://en.coin-turk.com/bitcoin-price-will-the-decline-accelerate-critical-turning-point-for-btc/" data-wpel-link="internal">BTC</a>/USD pair, a downtrend line is observed near the resistance level of $67,200.</p> 
<h2 style="text-align: justify" id="critical-points-for-investors">Critical Points for Investors</h2> 
<p style="text-align: justify">A critical point for investors is the immediate resistance at the $66,000 level. However, the main resistance lies at $67,200 and on the trend line. If the price surpasses this resistance zone, a new uptrend could begin. In this case, the price reaching $70,000 is possible.</p> 
<p><img loading="lazy" loading="lazy" decoding="async" class="wp-image-336737 size-full aligncenter" src="https://coin-turk.com/wp-content/uploads/2024/04/bitcoin-fiyat-coin-turk-com-.png" alt="" width="1814" height="798"></p> 
<p style="text-align: justify">On the other hand, for Bitcoin to avoid further losses, the $65,000 support zone needs to remain strong. Otherwise, the $64,000 region could be retested, which could lead to increased concern in the markets.</p> 
<h2 style="text-align: justify" id="this-level-is-critical-for-btc">This Level is Critical for BTC</h2> 
<p style="text-align: justify">Following recent fluctuations in the Bitcoin markets, investors have closely focused on BTC’s price movements. However, as recent developments suggest, if BTC fails to overcome the resistance zone at $67,200, the cryptocurrency could face further losses.</p> 
<p style="text-align: justify">Currently, if BTC continues to move downward, the $65,200 level is indicated as an immediate support point. However, if a deeper drop occurs, the first major support will appear at the $64,500 level. Even a close below this level could trigger a downtrend towards the $62,500 level. Therefore, monitoring critical support points is very important.</p> 
<h2 style="text-align: justify" id="what-do-technical-indicators-suggest">What do Technical Indicators Suggest?</h2> 
<p style="text-align: justify">Looking at technical indicators, the hourly MACD is losing momentum in the bearish zone. Similarly, the hourly RSI (Relative Strength Index) for BTC/USD is trending below the 50 level. This indicates that BTC’s current situation is delicate and the possibility of further losses should not be ignored.</p> 
<p style="text-align: justify">Levels that need careful monitoring in the market include distinct support levels at $65,200 and then $64,500. However, in the event of a potential recovery, the main resistance levels are indicated as $66,000, $67,200, and $67,950.</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-price-holds-above-66000/" data-wpel-link="internal">Bitcoin Price Holds Above $66,000</a></h5>

Bitcoin Price Holds Above $66,000

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