Bitcoin

Resistance

<p style="text-align: justify">You can also read this news on COINTURK NEWS: <a href="https://en.coin-turk.com/bitcoin-continues-to-climb-above-63000-resistance-level/" data-wpel-link="internal">Bitcoin Continues to Climb Above $63,000 Resistance Level</a><br></p>
<p style="text-align: justify">Bitcoin <a href="https://finance.coin-turk.com/" data-wpel-link="external" target="_blank" rel="nofollow noreferrer">price</a> continues its ascent above the $63,000 resistance level, generating excitement in the <a href="https://en.coin-turk.com/bitcoin-and-altcoins-predict-strong-gains/" data-wpel-link="internal">cryptocurrency </a><a href="https://finance.coin-turk.com/" data-wpel-link="external" target="_blank" rel="nofollow noreferrer">market</a>. This price movement is strengthening bullish expectations among <a href="https://finance.coin-turk.com/" data-wpel-link="external" target="_blank" rel="nofollow noreferrer">investors</a>. Let’s focus on the levels to watch for Bitcoin.</p> 
<h2 style="text-align: justify" id="bitcoin-faces-rejection-at-65-000">Bitcoin Faces Rejection at $65,000</h2> 
<p style="text-align: justify">Yesterday, Bitcoin rose to $65,500 but encountered a downward correction before this peak. The price is currently trading above $63,000. On the hourly chart of BTC/USD, there is a significant upward trend line below the support level of $63,350, indicating that Bitcoin’s current bullish trend is strong and could rise further.</p> 
<p><img loading="lazy" loading="lazy" decoding="async" class="wp-image-348489 size-full aligncenter" src="https://coin-turk.com/wp-content/uploads/2024/05/btc-usdt-coin-turk-com-1-1.png" alt="" width="1834" height="811"></p> 
<p style="text-align: justify">Bitcoin’s price maintaining above the $62,500 support area and continuing its rise reflects the strength of the market bulls. BTC managed to clear the $64,500 resistance and even surpassed $65,000 to test $65,500.</p> 
<p style="text-align: justify">However, the peak was around $65,550, and the price is currently correcting its gains. There was a slight decline below the $64,000 level, but bulls are still active near the $63,000 area.</p> 
<h2 style="text-align: justify" id="what-levels-are-critical-resistance-for-bitcoin-today">What Levels are Critical Resistance for Bitcoin Today?</h2> 
<p style="text-align: justify">Bitcoin is currently trading above $63,000. The immediate resistance level is around $64,500, and the first major resistance level could be $65,000. The next key resistance is set at $65,500.</p> 
<p style="text-align: justify">If the price surpasses the $65,500 resistance level, it could rise further. The next resistance level is currently around $67,200. If there is a clear move above the $67,200 resistance area, the likelihood of the price continuing to rise is high. In this case, Bitcoin’s price could climb towards $68,800.</p> 
<h2 style="text-align: justify" id="if-today-s-resistances-remain-unbroken-for-btc">If Today’s Resistances Remain Unbroken for BTC!</h2> 
<p style="text-align: justify">If the BTC/USD pair cannot break above the $65,500 resistance area, it could enter a downtrend. Currently, an immediate support level is set at $63,350, close to the trend line.</p> 
<p style="text-align: justify">At present, a fundamental support point in the market is at $62,800. However, if prices close below this level, a short-term downtrend could begin, potentially pushing the price towards the $60,000 support area in the near term.</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-climb-above-63000-resistance-level/" data-wpel-link="internal">Bitcoin Continues to Climb Above $63,000 Resistance Level</a></h5>

Bitcoin Continues to Climb Above $63,000 Resistance Level

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