Bitcoin

Gains

<p style="text-align: justify">You can also read this news on COINTURK NEWS: <a href="https://en.coin-turk.com/bitcoin-price-sustains-gains-above-70000-level/" data-wpel-link="internal">Bitcoin Price Sustains Gains Above $70,000 Level</a><br></p>
<p style="text-align: justify"><strong><a href="https://coin-turk.com/fiyati-20-dakikada-yuzde-1300-yukseltmisti-altcoin-projesi-onun-icin-harekete-gecti" data-wpel-link="internal">The cryptocurrency</a></strong> market is witnessing <a href="https://en.coin-turk.com/bitcoins-rally-amidst-halving-anticipation-analysts-predict-major-upsurge/" data-wpel-link="internal">Bitcoin</a> sustain its gains above a certain resistance level in recent days. <a href="https://coin-turk.com/bitcoin-diyari-el-salvadorun-baskani-nayib-bukele-turkiyede" data-wpel-link="internal">BTC</a>‘s price is steadily progressing above the $69,200 level, and by surpassing the resistance levels of $70,800 and $71,250, it could gain upward momentum. So, at this stage, which levels should investors focus on?</p> 
<h2 style="text-align: justify" id="bitcoin-price-stays-above-70-000-mark">Bitcoin Price Stays Above $70,000 Mark</h2> 
<p style="text-align: justify">Bitcoin continues its efforts to rise above the $70,000 region. Currently, the price is trading above the $70,000 level and the 100-hour simple moving average. On the hourly chart of the <a href="https://en.coin-turk.com/speculations-around-cryptocurrency-in-july-will-bitcoin-keep-rising/" data-wpel-link="internal">BTC</a>/USD pair, a connecting bearish trend line is observed at the $70,800 resistance. However, if the pair manages to surpass the $71,250 resistance zone, the upward momentum could become even stronger.</p> 
<p style="text-align: justify">Bitcoin’s price is advancing towards further gains above the $70,500 level. However, it is encountering some challenges to climb above the $71,200 and $71,400 levels. The peak of the previous upward wave formed at the $71,250 level, which plays a significant role in the price’s short-term correction. Bulls are still active above the $69,200 level.</p> 
<p><img loading="lazy" loading="lazy" decoding="async" class="wp-image-339639 size-full aligncenter" src="https://coin-turk.com/wp-content/uploads/2024/04/btc-bitcoin-coin-turk-com-1-3.png" alt="" width="1832" height="805"></p> 
<p style="text-align: justify">Our eyes are currently on the $71,250 level, but the next major resistance is expected around $71,400. If the price clearly breaks above this resistance zone, the uptrend could strengthen further, and BTC’s price could move towards $72,600. The next significant resistance is near the $73,500 region. Bitcoin’s near-term move towards the $75,000 resistance zone could yield further gains.</p> 
<h2 style="text-align: justify" id="potential-decline-in-btc-could-lead-to-these-levels">Potential Decline in BTC Could Lead to These Levels!</h2> 
<p style="text-align: justify"><strong>Bitcoin</strong> failing to break above the $71,250 resistance zone could signal another downtrend in the near future. So, what should be expected at this point? When examining the BTC/USD pair, it is seen that the price is near a momentary support level of $70,400 and the 100-hour Simple Moving Average (SMA). However, in the event of a deeper decline, the first major support level is emerging as $69,350.</p> 
<p style="text-align: justify">If the price closes below this level, there could be a downward momentum towards $68,500. Furthermore, in this case, the price could likely retreat to the $67,500 support zone in the near term.</p> 
<h2 style="text-align: justify" id="technical-indicators">Technical Indicators</h2> 
<p style="text-align: justify">Looking at the technical indicators, we observe that the 4-hour MACD is gaining momentum in the bullish zone. Similarly, the 4-hour RSI (Relative Strength Index) for BTC/USD is trending above the 50 level, but the sustainability of this condition remains uncertain.</p> 
<p style="text-align: justify">Critical levels should be taken into account. Key support levels include $70,400 and $69,350, while resistance levels are listed as $70,800, $71,250, and $72,600.</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-sustains-gains-above-70000-level/" data-wpel-link="internal">Bitcoin Price Sustains Gains Above $70,000 Level</a></h5>

Bitcoin Price Sustains Gains Above $70,000 Level

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