Cryptocurrency

Bitcoin

Resistance

<p style="text-align: justify">You can also read this news on COINTURK NEWS: <a href="https://en.coin-turk.com/bitcoin-struggles-to-overcome-key-resistance-levels-2/" data-wpel-link="internal">Bitcoin Struggles to Overcome Key Resistance Levels</a><br></p>
<p style="text-align: justify"><strong><a href="https://coin-turk.com/fedin-aciklamalarinin-ardindan-bitcoin-yukselise-gecti" data-wpel-link="internal">Bitcoin</a></strong> price has recently failed to break the $67,000 resistance, drawing significant attention from the cryptocurrency market. Currently, <a href="https://coin-turk.com/kripto-paralar-dibi-buldu-mu-bitcoin-ve-altcoinlerde-son-durum" data-wpel-link="internal">BTC</a> is struggling to maintain above the $64,000 support zone, but the struggle continues. Particularly, the recent price fluctuations of <a href="https://en.coin-turk.com/bitcoins-notable-accumulation-amid-price-decline-key-factors-to-expect-a-surge/" data-wpel-link="internal">Bitcoin</a> are noteworthy for those following the cryptocurrency.</p> 
<h2 style="text-align: justify" id="bitcoin-in-a-heated-battle">Bitcoin in a Heated Battle</h2> 
<p style="text-align: justify">When examining the four-hour chart of the <a href="https://en.coin-turk.com/canadian-parliament-member-thanks-satoshi-nakamoto-on-the-15th-anniversary-of-bitcoins-white-paper/" data-wpel-link="internal">BTC</a>/USD pair, there is a break below an important rising trend line at the $66,200 support level. This indicates that some bears are active in the market. However, the possibility of moving to a higher level should not be ignored. Indeed, the influence of bears around $65,500 may continue.</p> 
<p><img loading="lazy" loading="lazy" decoding="async" class="wp-image-344286 size-full aligncenter" src="https://coin-turk.com/wp-content/uploads/2024/04/btc-bitcoin-fiyati-coin-turk-com-.png" alt="" width="1834" height="807"></p> 
<p style="text-align: justify">With Bitcoin’s price experiencing another decline, it is struggling to overcome the resistance levels of $67,000 and $67,200. A short-term peak formation led to BTC dropping below $66,000. Following this drop, the price fell below the $65,500 support level and experienced a break below the $66,200 support and an important rising trend line.</p> 
<h2 style="text-align: justify" id="bitcoin-price-below-this-level">Bitcoin Price Below This Level</h2> 
<p style="text-align: justify">Currently, the <strong>Bitcoin price</strong> is trading below $65,500 and the 100-hour Simple Moving Average. However, the presence of immediate resistances like the $64,500 level should be considered. If these levels are surpassed, some recovery in the price could be expected.</p> 
<p style="text-align: justify">If the price rises again, the 50% Fibonacci retracement level down to $65,350 or $67,195 is of great importance. Surpassing these levels could lead to the price advancing towards the $67,000 and even $68,800 resistance areas.</p> 
<h2 style="text-align: justify" id="bitcoin-s-downtrend-could-accelerate">Bitcoin’s Downtrend Could Accelerate</h2> 
<p style="text-align: justify">If Bitcoin (BTC) cannot rise above the $65,350 resistance level, it could follow a further downward trajectory. <a href="https://coin-turk.com/populer-altcoinlerde-son-durum-solana-sol-cardano-ada-terra-luna-ve-ceek-vr-ceek-yorum" data-wpel-link="internal">Cryptocurrency</a> analysts note that BTC is at a critical point and the urgent support level is around $63,500.</p> 
<p style="text-align: justify"><strong>BTC</strong>‘s downward trend is worryingly accelerating. Currently, the first major support point is seen at $62,600. However, if prices close below this level, the next target is thought to be $61,200. In this case, further losses could bring the price down to the $60,000 support area in the short term.</p> 
<p style="text-align: justify">Technical indicators also support the downtrend. The 4-hour MACD is losing momentum in the bearish zone. Similarly, the hourly RSI (Relative Strength Index) for BTC/USD is also below the 50 level, indicating increased selling pressure.</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-struggles-to-overcome-key-resistance-levels-2/" data-wpel-link="internal">Bitcoin Struggles to Overcome Key Resistance Levels</a></h5>

Bitcoin Struggles to Overcome Key Resistance Levels

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