Bitcoin

Resistance

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<p style="text-align: justify">You can also read this news on COINTURK NEWS: <a href="https://en.coin-turk.com/bitcoin-sees-support-at-60600-and-aims-for-higher-resistance-levels/" data-wpel-link="internal">Bitcoin Sees Support at $60,600 and Aims for Higher Resistance Levels</a><br></p>
<p style="text-align: justify">Bitcoin continues its zigzag <a href="https://finance.coin-turk.com/" data-wpel-link="external" target="_blank" rel="nofollow noreferrer">price</a> movement. BTC recently found support around $60,600 and began to recover. However, it may need to surpass the $63,200 resistance area to gain upward momentum. Let’s look at the key levels to watch in Bitcoin.</p> 
<h2 style="text-align: justify" id="bitcoin-finds-support-at-the-60-600-level">Bitcoin Finds Support at the $60,600 Level</h2> 
<p style="text-align: justify">According to recent data, Bitcoin found support near the $60,600 region and a recovery wave was observed from this level. The price is currently trading at around $62,800.</p> 
<p style="text-align: justify">Bitcoin’s price extended its losses particularly when it fell below the $62,000 and $61,200 levels. However, bulls reappeared near the $60,600 region recently, initiating this corrective wave. A movement above the resistance levels of $61,200 and $62,000 was observed.</p> 
<p style="text-align: justify">In the coming period, Bitcoin is expected to continue trading around $63,000. The immediate resistance level is $63,000, while larger resistance levels are $63,200 and $64,000.</p> 
<p style="text-align: justify">The next key resistance level is indicated at $64,350. If the price clearly breaks above this level, it could gain momentum towards higher price levels. However, the main resistance level is still shown as $65,500. If a close above this resistance level occurs, it is likely that the Bitcoin price will continue to rise. In this scenario, the price could rise up to $67,500.</p> 
<h2 style="text-align: justify" id="if-btc-shows-downward-movement">If BTC Shows Downward Movement</h2> 
<p style="text-align: justify">If Bitcoin cannot rise above the $63,200 resistance area, there are several important points to consider in an emergency. Currently, an immediate support level for the BTC/USD pair is set around $62,400.</p> 
<p><img loading="lazy" loading="lazy" decoding="async" class="wp-image-349782 size-full aligncenter" src="https://coin-turk.com/wp-content/uploads/2024/05/btc-2-1.png" alt="" width="1815" height="798"></p> 
<p style="text-align: justify">However, if a sustained decline occurs below this level, the price is likely to retract towards the $61,200 level. At this point, the first major support appears at $62,000. If a close below this level occurs, it is possible that the price may soon head towards the $60,600 support region.</p> 
<p style="text-align: justify">Some indicators should also be considered in <a href="https://en.coin-turk.com/august-predictions-for-solana-and-dogecoin/" data-wpel-link="internal">technical analysis</a>. For example, the hourly MACD indicator is currently gaining momentum in the bullish zone. This suggests that there could be a short-term recovery in the price. Similarly, the hourly RSI (Relative Strength Index) is also above the 50 level for the BTC/USD pair, implying that the price might show some resistance.</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-sees-support-at-60600-and-aims-for-higher-resistance-levels/" data-wpel-link="internal">Bitcoin Sees Support at $60,600 and Aims for Higher Resistance Levels</a></h5>

Bitcoin Sees Support at $60,600 and Aims for Higher Resistance Levels

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