Future

Secure

Bitcoin

Resistance

Gains

<p style="text-align: justify">You can also read this news on BH NEWS: <a href="https://en.bitcoinhaber.net/bitcoin-struggles-to-break-through-resistance-and-secure-gains" rel="noopener noreferrer nofollow">Bitcoin Struggles to Break Through Resistance and Secure Gains</a><br></p>
<p style="text-align: justify"><a href="https://en.bitcoinhaber.net/spot-bitcoin-etfs-draw-interest-despite-market-dip-and-gbtc-sell-off" rel="noopener noreferrer nofollow">Bitcoin</a>, the leading <a href="https://en.bitcoinhaber.net/nba-entangled-in-legal-battle-over-alleged-harmful-marketing-deals" rel="noopener noreferrer nofollow">cryptocurrency</a>, is currently engaged in a struggle to breach a pivotal resistance point at $68,800. Although there is significant support at $65,000, recent actions suggest that a dip below this threshold could pose risks to its stability. Investors are pondering the potential trajectory of Bitcoin’s value in the near future.</p>
<h2 id="market-watch-resistance-challenges-bitcoin-s-ascent">Market Watch: Resistance Challenges Bitcoin’s Ascent</h2>
<p style="text-align: justify">The cryptocurrency has been met with resistance in its attempt to initiate a fresh surge in the $68,000 range, with its trading below this mark and the 100-hour simple moving average causing unease among investors. A descending trend line at $67,800 on the hourly chart of the <a href="https://en.bitcoinhaber.net/hong-kong-firm-ventures-into-bitcoin-etf-market-amidst-regulatory-changes" rel="noopener noreferrer nofollow">BTC</a>/USD pair adds to the complexity of the situation.</p>
<p style="text-align: justify">Recent volatility saw Bitcoin attempt to scale above the $65,500 level, only to face pushback near the $69,000 mark, triggering concerns as the price slipped below the $66,000 support zone. Currently, Bitcoin is valued below $66,000, with near-term resistances being put to the test.</p>
<h2 id="concerns-and-key-levels-for-bitcoin-s-future">Concerns and Key Levels for Bitcoin’s Future</h2>
<p style="text-align: justify">The proximity of Bitcoin’s price to the vital support level near $65,000 is worrisome, with the potential of further declines if this support crumbles. There are critical levels to watch, including the major support at $64,550, and particularly the $64,000 level, which may signal a drop towards $63,500 and possibly a slip to the $62,000 support zone.</p>
<p style="text-align: justify">Technical indicators suggest a bearish outlook, with the hourly MACD showing momentum in the bearish zone and the hourly RSI for BTC/USD trending below 50, indicating ongoing selling pressure.</p>
<h5><span style="font-weight:bold;font-size:16px">The post first appeared on BH NEWS: </span> <a href="https://en.bitcoinhaber.net/bitcoin-struggles-to-break-through-resistance-and-secure-gains" rel="noopener noreferrer nofollow">Bitcoin Struggles to Break Through Resistance and Secure Gains</a></h5>

Bitcoin Struggles to Break Through Resistance and Secure Gains

Table of Contents

BH NEWS

Άλλα άρθρα που δημοσιεύτηκαν στις 19 Μαρ 2024

Fantom Price Pierces $1 Barrier Amid Open Interest Boom, What Next?

Jupiter Exchange Offers Support to Investors After Memecoin Pre-Sale Debacle

Funding Rates in Bitcoin and Ethereum Continue to Remain High: What Does It Mean?

VeChain Rewards Top X-to-Earn DApp Projects at EasyA Hackathon

Unlocking the mystery: Was the Slerf Memecoin Burn a Calculated Maneuver?

Bitcoin’s Potential Surge: Exploring PlanB’s S2F Predictions

Join our free newsletter for daily crypto updates!