Bitcoin

<p><strong>Bitcoin’s price has increased by nearly 5%, moving above $62,500, and is now testing the $63,500 resistance zone with a positive outlook. It established a stable base above $60,000, allowing it to rise past the $61,500 resistance zone.</strong></p><h2 id="header-0">Get Instant 100,000 CHIKA Tokens Airdrop Worth Of $100 USD Free On <a href="https://chikamoji.lol/" rel="noopener noreferrer nofollow">www.ChikaMoji.lol</a></h2><p><img src="https://academy-public.coinmarketcap.com/optimized-uploads/00cfe67175744a798fdae30ad86fd429.png" /></p><p>Breaking a key bearish trend line at $61,000 on the BTC/USD hourly chart helped the bulls push the price above the $62,500 resistance, bringing it up nearly 5% and trading close to the $63,650 resistance zone.</p><h3 id="bitcoin-price-analysis-potential-resistance-levels-ahead">Bitcoin Price Analysis: Potential Resistance Levels Ahead</h3><p>Bitcoin’s price is trading above $62,500 and the 100-hourly Simple Moving Average. It <a href="https://cryptosheadlines.com/pepe-coin-and-aave-surge-bitcoin-remains-stable-in-todays-crypto-prices/" rel="noopener noreferrer nofollow">remains stable</a> and is well above the 23.6% Fib retracement level of the upward move from the $59,949 swing low to the $63,675 high.</p><p>If there is another increase, the price could face resistance near the $63,650 level. The first <a href="https://cryptosheadlines.com/bitcoins-key-resistance-levels/" rel="noopener noreferrer nofollow">key resistance is near the $64,000 level</a>, and the next key resistance could be $64,400. A clear move above the $64,400 resistance might start a steady increase and send the price higher.</p><p></p><p><img src="https://academy-public.coinmarketcap.com/optimized-uploads/fca3440123a041d59224343ce07da07c.webp" /></p><p>Source: <a href="https://www.tradingview.com/symbols/BTCUSD/" rel="noopener noreferrer nofollow">BTCUSD on TradingView.com</a></p><h2 id="header-1">Get Instant 100,000 CHIKA Tokens Airdrop Worth Of $100 USD Free On <a href="https://chikamoji.lol/" rel="noopener noreferrer nofollow">www.ChikaMoji.lol</a></h2><p><img src="https://academy-public.coinmarketcap.com/optimized-uploads/00cfe67175744a798fdae30ad86fd429.png" /></p><p>In this case, the price could rise and test the $65,500 resistance. Any further gains might push BTC toward the $66,000 resistance in the near term.</p><h3 id="bitcoin-price-correction-potential-support-levels">Bitcoin Price Correction: Potential Support Levels</h3><p>If Bitcoin fails to climb above the $63,650 resistance zone, it could start a downside correction. Immediate support on the downside is near the $62,800 level.</p><p>The first major support is $61,800, along with the 50% Fib retracement level of the upward move from the $59,949 swing low to the $63,675 high. The next support is forming near $61,250 and the 100-hourly Simple Moving Average. Any further losses might send the price toward the $60,500 support zone in the near term.</p><h3 id="strong-technical-indicators-strong"><strong>Technical Indicators:</strong></h3><ul><li><strong>Hourly MACD:</strong> The MACD is gaining pace in the bullish zone.</li><li><strong>Hourly RSI (Relative Strength Index):</strong> The RSI for BTC/USD is now above the 50 level.</li></ul><p><a href="https://cryptosheadlines.com/zhu-su-of-three-arrows-capital-says-solana-could-reach-1000/" rel="noopener noreferrer nofollow">Also Read:   Zhu Su of Three Arrows Capital Says Solana Could Reach $1000</a></p><p><strong>Major Support Levels:</strong> $62,800, followed by $61,800.</p><p><strong>Major Resistance Levels:</strong> $63,650, and $64,400.</p><p><strong>Important:</strong> Please note that this article is only meant to provide information and should not be taken as legal, tax, investment, financial, or any other type of advice.</p>

Bitcoin Jumps 5%: Can Bulls Regain Control?

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