Bitcoin

Resistance

Rise

<p style="text-align: justify">You can also read this news on COINTURK NEWS: <a href="https://en.coin-turk.com/bitcoins-surge-continues-despite-resistance/" data-wpel-link="internal">Bitcoin’s Surge Continues Despite Resistance</a><br></p>
<p style="text-align: justify"><strong><a href="https://coin-turk.com/simdi-aciklandi-bitcoin-dustu-gundem-kriptoda-son-derece-yogun" data-wpel-link="internal">Bitcoin</a></strong>‘s rise does not seem to slow down. The <a href="https://coin-turk.com/dev-kripto-para-sirketleri-masaya-oturdu-kripto-piyasasi-butunlugu-koalisyonu-kuruluyor" data-wpel-link="internal">cryptocurrency</a> has gained positive momentum by breaking above the $67,000 resistance zone. It is currently trading around $66,300 and appears to be under the control of the bulls. Looking at the hourly chart of the <a href="https://en.coin-turk.com/bitcoin-investor-reaps-profits-from-risky-loans-a-success-story-from-reddit/" data-wpel-link="internal">BTC</a>/USD pair, there is a clear upward trend line at the $65,700 level. This indicates that the price is moving towards a significant support point. Additionally, the 100-hour Simple Moving Average (SMA) is also holding above the $65,500 level, indicating that the bulls are actively strong.</p> 
<h2 style="text-align: justify" id="bitcoin-faces-critical-resistance-at-67-500">Bitcoin Faces Critical Resistance at $67,500</h2> 
<p style="text-align: justify">Following the recent rise, <a href="https://en.coin-turk.com/expectations-and-analysis-the-current-state-of-bitcoin-and-its-relationship-with-binance/" data-wpel-link="internal">Bitcoin</a> might undergo some correction. However, this correction may not drop below the $65,500 level, as it emerges as a strong support.</p> 
<p style="text-align: justify">Looking at short-term resistance levels, there is an immediate resistance near $67,000. However, the true resistance lies at the $67,500 level. If this level is breached, the next target could be $68,500. And if this resistance zone is also surpassed, it is likely that <strong>BTC</strong> will embark on a journey towards the $70,000 level.</p> 
<p><img loading="lazy" loading="lazy" decoding="async" class="wp-image-343418 size-full aligncenter" src="https://coin-turk.com/wp-content/uploads/2024/04/btc-btc-coin-turk-com-1-2.png" alt="" width="1856" height="802"></p> 
<p style="text-align: justify">Looking at long-term targets, the $70,500 level emerges as a critical resistance point for Bitcoin. If the bulls manage to surpass this level, a move towards the $72,000 level is expected.</p> 
<h2 style="text-align: justify" id="potential-levels-to-watch-if-bitcoin-undergoes-correction">Potential Levels to Watch if Bitcoin Undergoes Correction</h2> 
<p style="text-align: justify">Bitcoin, the most coveted asset in the <strong>cryptocurrency</strong> world, could experience a correction movement if it fails to surpass the $67,500 resistance zone. According to the technical analysis of the BTC/USD pair, an immediate support level is found around $66,500.</p> 
<p style="text-align: justify">However, if a break below this level occurs, prices could move further downward. The first major support level is at $65,700. If prices close below $65,500, then a downward trend towards $65,000 could be indicated. Worse, this downward trend could direct prices towards the $64,200 support region in the near term.</p> 
<h2 style="text-align: justify" id="technical-indicators-suggest-slowdown-in-rise">Technical Indicators Suggest Slowdown in Rise</h2> 
<p style="text-align: justify">Looking at the technical indicators, the four-hour MACD currently shows that Bitcoin’s rise is slowing down in the bullish zone. Meanwhile, the four-hour <strong>RSI</strong> (Relative Strength Index) for BTC/USD is trending above the 50 level.</p> 
<p style="text-align: justify">The main support levels are determined as $66,500 and then $65,500, while the main resistance levels are highlighted as $67,200, $67,500, and $68,500.</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/bitcoins-surge-continues-despite-resistance/" data-wpel-link="internal">Bitcoin’s Surge Continues Despite Resistance</a></h5>

Bitcoin’s Surge Continues Despite Resistance

Table of Contents

COINTURK NEWS

Alte articole publicate pe 23 apr. 2024

BIG FET Price Prediction: Fetch.ai Price Eyeing $5 Before Bitcoin Halving? Here’s Why..

BlastOff Guide: How to earn $OFF Daily?

Bitcoin Price Prediction: Fidelity Says BTC Is ”No Longer Cheap” As Traders Flock To This Learn-2...

Michael Saylor dumps quarter billion worth of MSTR while hyping bitcoin

How to buy Solana(SOL) on Bitget? Easy Guide

Ethereum Price Prediction: Can it reach $10,000 in 2024?

Join our free newsletter for daily crypto updates!