Bitcoin price is still struggling to clear the $70,000 resistance. BTC is slowly moving lower and might soon drop toward the $67,000 support.
- Bitcoin price is struggling to clear the $69,500 and $70,000 levels.
- The price is trading above $68,000 and the 100 hourly Simple moving average.
- There is a key bullish trend line forming with support at $68,000 on the hourly chart of the BTC/USD pair (data feed from Kraken).
- The pair could continue to move down and trade toward the $67,000 support zone.
Bitcoin Price Starts Consolidation
Bitcoin price made another attempt to gain strength above the $69,000 level. BTC cleared the $69,500 level, but the bears were active near the $70,000 resistance zone.
A high was formed at $69,981 and the price started a downside correction. There was a move below the $69,500 and $69,200 levels. The price declined below the 23.6% Fib retracement level of the upward wave from the $65,200 swing low to the $69,981 high.
Bitcoin is now trading above $68,000 and the 100 hourly Simple moving average. There is also a key bullish trend line forming with support at $68,000 on the hourly chart of the BTC/USD pair. The trend line is close to the 50% Fib retracement level of the upward wave from the $65,200 swing low to the $69,981 high.
Immediate resistance is near the $68,850 level. The next key resistance could be $69,200, above which the price could rise toward the $69,500 resistance zone.
Source: BTCUSD on TradingView.com
If there is a clear move above the $69,500 resistance zone, the price could even attempt a move above the $70,000 resistance zone. Any more gains might send the price toward the $72,000 level.
More Losses In BTC?
If Bitcoin fails to rise above the $68,850 resistance zone, it could start another decline. Immediate support on the downside is near the $68,000 level and the trend line.
The first major support is $67,000. If there is a close below $67,000, the price could start a decent pullback toward the $65,500 level. Any more losses might send the price toward the $64,400 support zone.
Technical indicators:
Hourly MACD – The MACD is now gaining pace in the bearish zone.
Hourly RSI (Relative Strength Index) – The RSI for BTC/USD is now below the 50 level.
Major Support Levels – $68,000, followed by $67,000.
Major Resistance Levels – $68,850, $69,200, and $69,500.
Disclaimer: The article is provided for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.
Bitcoin price is still struggling to clear the $70,000 resistance. BTC is slowly moving lower and might soon drop toward the $67,000 support.
- Bitcoin price is struggling to clear the $69,500 and $70,000 levels.
- The price is trading above $68,000 and the 100 hourly Simple moving average.
- There is a key bullish trend line forming with support at $68,000 on the hourly chart of the BTC/USD pair (data feed from Kraken).
- The pair could continue to move down and trade toward the $67,000 support zone.
Bitcoin Price Starts Consolidation
Bitcoin price made another attempt to gain strength above the $69,000 level. BTC cleared the $69,500 level, but the bears were active near the $70,000 resistance zone.
A high was formed at $69,981 and the price started a downside correction. There was a move below the $69,500 and $69,200 levels. The price declined below the 23.6% Fib retracement level of the upward wave from the $65,200 swing low to the $69,981 high.
Bitcoin is now trading above $68,000 and the 100 hourly Simple moving average. There is also a key bullish trend line forming with support at $68,000 on the hourly chart of the BTC/USD pair. The trend line is close to the 50% Fib retracement level of the upward wave from the $65,200 swing low to the $69,981 high.
Immediate resistance is near the $68,850 level. The next key resistance could be $69,200, above which the price could rise toward the $69,500 resistance zone.
Source: BTCUSD on TradingView.com
If there is a clear move above the $69,500 resistance zone, the price could even attempt a move above the $70,000 resistance zone. Any more gains might send the price toward the $72,000 level.
More Losses In BTC?
If Bitcoin fails to rise above the $68,850 resistance zone, it could start another decline. Immediate support on the downside is near the $68,000 level and the trend line.
The first major support is $67,000. If there is a close below $67,000, the price could start a decent pullback toward the $65,500 level. Any more losses might send the price toward the $64,400 support zone.
Technical indicators:
Hourly MACD – The MACD is now gaining pace in the bearish zone.
Hourly RSI (Relative Strength Index) – The RSI for BTC/USD is now below the 50 level.
Major Support Levels – $68,000, followed by $67,000.
Major Resistance Levels – $68,850, $69,200, and $69,500.
Disclaimer: The article is provided for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.
can i buy generic clomid get cheap clomiphene without rx order generic clomiphene online get cheap clomiphene prices cost of cheap clomiphene without insurance clomid medication cost clomid
This is the tolerant of enter I turn up helpful.
More peace pieces like this would create the интернет better.
buy zithromax medication – order generic floxin 200mg order metronidazole 200mg generic
semaglutide 14mg pills – order generic semaglutide 14mg how to get cyproheptadine without a prescription
order motilium 10mg pills – order generic sumycin buy flexeril 15mg online
buy inderal tablets – order methotrexate 5mg order methotrexate
buy generic augmentin 1000mg – atbioinfo.com buy ampicillin pills for sale
buy nexium 20mg for sale – anexa mate brand esomeprazole 20mg
purchase medex sale – cou mamide buy losartan 50mg online
mobic 15mg sale – tenderness how to get mobic without a prescription
deltasone 10mg drug – https://apreplson.com/ prednisone 20mg us
buy erectile dysfunction meds – https://fastedtotake.com/ hims ed pills
amoxil uk – https://combamoxi.com/ purchase amoxil
cost diflucan – https://gpdifluca.com/# how to get forcan without a prescription
cenforce 100mg for sale – order cenforce 50mg for sale order cenforce 100mg pill
buying generic cialis online safe – cialis time cialis free 30 day trial
what is the active ingredient in cialis – https://strongtadafl.com/# buying cheap cialis online
buy cheap viagra mastercard – viagra buy india buy viagra nz
This is the stripe of glad I enjoy reading. cheap amoxicillin generic
More posts like this would persuade the online elbow-room more useful. https://ursxdol.com/clomid-for-sale-50-mg/
This is a topic which is virtually to my fundamentals… Diverse thanks! Unerringly where can I lay one’s hands on the phone details due to the fact that questions? https://prohnrg.com/product/get-allopurinol-pills/
Thanks recompense sharing. It’s outstrip quality. https://aranitidine.com/fr/viagra-100mg-prix/