Bitcoin

Momentum

Gains

<p style="text-align: justify">You can also read this news on COINTURK NEWS: <a href="https://en.coin-turk.com/bitcoin-price-gains-momentum/" data-wpel-link="internal">Bitcoin Price Gains Momentum</a><br></p>
<p style="text-align: justify"><a href="https://coin-turk.com/bitcoin-btc-fiyati-icin-yeni-grafik-btc-usd-paritesi-yeni-haftayi-kac-dolarla-kapatacak" data-wpel-link="internal">Bitcoin</a> price experienced a whirlwind last evening, rapidly falling from the $64,000 level to $58,700. <a href="https://coin-turk.com/kripto-para-piyasasi-yukseliste-bitcoin-btc-ve-altcoinlerde-son-durum-7" data-wpel-link="internal">BTC</a> is currently trading above $61,000. These swift movements are generating excitement within the cryptocurrency community, and the quick recovery indicates a possible rise back towards the $64,000 resistance level soon.</p> 
<h2 style="text-align: justify" id="bitcoin-price-solidifies-its-position">Bitcoin Price Solidifies Its Position</h2> 
<p style="text-align: justify">Lately, <strong><a href="https://en.coin-turk.com/bitcoin-price-prediction-how-low-will-btc-drop-in-october/" data-wpel-link="internal">Bitcoin</a></strong> price was consolidating gains below the $60,000 resistance area. However, it is now trading around $61,250 and above the 100-hour Simple Moving Average. Additionally, there is an ascending trend line forming with support near $60,950 on the hourly chart of the <a href="https://en.coin-turk.com/crypto-whales-accumulate-amidst-high-market-volatility-what-does-this-mean-for-bitcoin/" data-wpel-link="internal">BTC</a>/USD pair. These indicators suggest that the price may soon extend towards the $64,000 resistance zone.</p> 
<p style="text-align: justify">Bitcoin has shown significant performance recently. Staying strong above the $58,000 resistance area, the cryptocurrency BTC has established a new support base and initiated another rally. This rally enabled the price to overcome several hurdles around the $60,000 and $62,000 levels.</p> 
<p><img loading="lazy" loading="lazy" decoding="async" class="wp-image-321006 size-full aligncenter" src="https://coin-turk.com/wp-content/uploads/2024/02/bitcoin-fiyati-coin-turk-com-1-2.png" alt="" width="1263" height="547"></p> 
<p style="text-align: justify">However, while ascending towards the $64,000 level, a sharp decline occurred following a <strong><a href="https://en.coin-turk.com/hashkey-exchange-to-list-chainlink-link-for-professional-investors/" data-wpel-link="internal">Coinbase</a></strong> outage, and the price retreated to the $58,000 support zone. Despite this drop, the price has started an upward movement again, breaking above the $61,000 resistance.</p> 
<h2 style="text-align: justify" id="what-could-happen-to-btc-in-the-coming-days">What Could Happen to BTC in the Coming Days</h2> 
<p style="text-align: justify"><strong>Bitcoin</strong> is currently trading above $61,000 and the 100-hour Simple Moving Average. There is also an ascending trend line with support near $60,950 on the hourly chart of the BTC/USD pair. Immediate resistance is near the $62,500 level. However, the price’s downward move from the $64,000 level to $58,700 should be considered, especially as it is near the 76.4% Fib retracement level.</p> 
<p style="text-align: justify">In the coming days, the critical resistance level for the cryptocurrency Bitcoin could be $64,000, and above this, the price may rise towards the $65,000 resistance zone. However, if declines are supported, the price could fall below the $62,500 resistance area and retreat towards the $60,000 level.</p> 
<p style="text-align: justify">Technical indicators show that the hourly MACD is gaining momentum in the bullish zone and the hourly RSI for BTC/USD is above the 50 level. Key support levels are set at $60,800 and $60,000, while resistance levels are identified at $62,500, $64,000, and $65,000.</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-price-gains-momentum/" data-wpel-link="internal">Bitcoin Price Gains Momentum</a></h5>

Bitcoin Price Gains Momentum

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