Strong

Bitcoin

Resistance

<p style="text-align: justify">You can also read this news on COINTURK NEWS: <a href="https://en.coin-turk.com/bitcoin-shows-strong-performance-and-tests-new-highs/" data-wpel-link="internal">Bitcoin Shows Strong Performance and Tests New Highs</a><br></p>
<p style="text-align: justify">In recent days, <strong><a href="https://coin-turk.com/tahmin-kokan-analistten-bitcoinde-kiyamet-gibi-senaryo-yeni-basliyor" data-wpel-link="internal">Bitcoin</a></strong> and the cryptocurrency market have been experiencing exciting developments. The cryptocurrency has shown strong performance by moving above the $66,000 resistance area and is now in a consolidation phase. The next move for <a href="https://coin-turk.com/uzmanlar-forbesa-konus%cc%a7tu-bitcoinin-kaderini-bu-belirleyecek" data-wpel-link="internal">BTC</a> is shaping up above the $67,200 resistance area.</p> 
<h2 style="text-align: justify" id="bitcoin-paints-a-positive-picture">Bitcoin Paints a Positive Picture</h2> 
<p style="text-align: justify">According to short-term analyses, a positive scenario is unfolding for <a href="https://en.coin-turk.com/analyst-predicts-potential-bitcoin-rally-to-60000/" data-wpel-link="internal">Bitcoin</a>. Currently trading around $67,000, Bitcoin is above the 100-hour Simple Moving Average. Additionally, a rising trend line on the hourly chart of the <a href="https://en.coin-turk.com/bitcoin-surges-to-record-highs-analysts-issue-similar-warnings/" data-wpel-link="internal">BTC</a>/USD pair, along with the $65,900 support, is noteworthy.</p> 
<p><img loading="lazy" loading="lazy" decoding="async" class="wp-image-343860 size-full aligncenter" src="https://coin-turk.com/wp-content/uploads/2024/04/btc-bitcoin-coin-turk-com-1-5.png" alt="" width="1861" height="785"></p> 
<p style="text-align: justify">Upon examining the price chart of the cryptocurrency Bitcoin, it is evident that it has risen by surpassing significant resistance levels such as $66,000 and $67,000. The $67,200 resistance level is currently being tested. If this level is exceeded, it is anticipated that Bitcoin’s upward momentum could increase.</p> 
<p style="text-align: justify">The immediate resistance level is shown as $67,000. However, the major resistance is said to be around $67,200. Surpassing this level could lead to further rises in the cryptocurrency Bitcoin. Particularly, if it moves above the $68,500 resistance area, the price could continue to increase. In this scenario, it is stated that Bitcoin could initiate a move towards the $70,000 levels.</p> 
<h2 style="text-align: justify" id="btc-s-resistance-struggle-could-trigger-a-new-decline">BTC’s Resistance Struggle Could Trigger a New Decline</h2> 
<p style="text-align: justify">Following recent volatile movements, Bitcoin, the flagship of cryptocurrencies, is struggling to surpass the $67,000 resistance area. However, if the price fails to exceed this level, a downward correction could begin. Currently, an urgent support is seen around $66,200.</p> 
<p style="text-align: justify">The first major support point is $66,000. If a close below $66,000 occurs, it is likely that the price could fall to the $65,400 level. Further losses could lead to a near-term orientation towards the $64,200 support area.</p> 
<p style="text-align: justify">Looking at the technical indicators, we see that the hourly MACD is currently losing momentum in the rising zone. The hourly RSI (Relative Strength Index) for BTC/USD is above the 50 level. The main support levels are determined as $66,200 and $66,000, while the resistance levels are $67,000, $67,200, and $68,500.</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-shows-strong-performance-and-tests-new-highs/" data-wpel-link="internal">Bitcoin Shows Strong Performance and Tests New Highs</a></h5>

Bitcoin Shows Strong Performance and Tests New Highs

Table of Contents

COINTURK NEWS

Other articles published on Apr 24, 2024

Glassnode: Bitcoin’s issuance rate sinks lower than gold’s after fourth halving

Best Shiba Inu Casinos & Gambling Sites In Germany [2024]

League of Legends Pro Suspended for Explicit Teddy Bear Incident

DTX Hybrid Trading Features Outshine BTC Transaction Fees & LTC Price

Central Bank of Nigeria Denies P2P Trader Account Ban Rumors

DogeMob Expands Ecosystem With Game Development, Staking, Exchange Listings, and Enhanced Governance

Join our free newsletter for daily crypto updates!