Long

Bitcoin

Resistance

Spot

The post <a href="https://coinpedia.org/price-analysis/bitcoin-tests-resistance-at-65500/">Bitcoin Tests Resistance At $65,500</a> appeared first on <a href="https://coinpedia.org">Coinpedia Fintech News</a> 
After the Bitcoin news of blockchain surpassing 1 billion transactions, the BTC tried placing itself above the resistance level of $65500 but could not hold for long. This attempt by the bulls developed a solid upside momentum in this pivotal moment.&nbsp; 
Other altcoins like <a href="https://markets.coinpedia.org/ethereum/">Ethereum</a> retested the $3168 and did not settle above $3200. Solana(SOL) breaks a sideways pattern to surge above the resistance level of $149.01 forming a bullish momentum. 
<figure class="wp-block-image">
 <img decoding="async" src="https://lh7-us.googleusercontent.com/pKyGzEGkHaUrfFs2pKPo3QOSi15lATzRaErkT6rEhz8YeM-UXdQJ_u2VbW4IlEIAFBvoMvo7fmsCWirsPQ8zi0wV2rvxWwhzcgzSU6J75m6DMWvKZpFlWdDNS1D2uM_2NLK_dbksGNNr_92RmrMl1nM" alt="">
</figure> 
The crypto market looks like standing at the foothill for Bitcoin to break the $66000 zone and seed a strong upside moment. The RSI remains moderate with enough room for any additional upward trend if any boost occurs.&nbsp; 
Interestingly Bitcoin(BTC) finds new strong support at $64000, there is one more right behind it at $63,730. In case if Bitcoin slides this support too, it will itself in the next support near SMA20 of $63,366. Any slip below this will drive BTC to the support near $63000.&nbsp; 
But, one more test resistance near SMA 50 of $66,000 will attract more speculative buyers and trend traders. This uptrend will further lead to testing resistance levels.&nbsp; 
<h2 class="wp-block-heading" id="h-watch-out-the-60-000-level-closely-nbsp">Watch out the $60,000 level closely&nbsp;</h2> 
It looks like the whales are eyeing a big rally again. The recent whale’s accumulation of Bitcoin has increased, and wallets with more than 100 BTC have resumed the process. Build a solid position for Bitcoin and wave off the liquidation fear a,ong crypto holders.&nbsp; 
Yet there a other metrics in contrast with the Whale strength like the Spot bitcoin ETF have seen a surge in withdrawal of up to $850 mullions.&nbsp; 
The traders are strongly recommended to watch out for the $60K mark, as the price slumping below this can lead to liquidation of $700 million on Long position on different exchanges.

Bitcoin Tests Resistance At $65,500

İçindekiler

CoinPedia News

6 May 2024 tarihli diğer yazılar

Whale buy 6 mln ENA tokens at Fib 38% level, good entry signal?

BlockDAG Surges Ahead of Schedule, Outperforming Litecoin (LTC) and Cronos (CRO) in Crypto Market...

Alchemy Pay (ACH) Enhances Fiat-Crypto Conversion with Influpia Integration: A Game-Changer in Cr...

BlockDAG Outperforms XRP and TRON with $100M Liquidity Boost: A New Era in Crypto Market (XRP, TRX)

Can Shiba Inu Price Attain $0.0001 This Month? Analysts Predictions Speaks In Favor

Kenya Engages Marathon Digital (MARA) for Expertise in Cryptocurrency Mining and Energy Management

Güncel kripto para haberleri için ücretsiz bültenimize abone olun!