Bitcoin Price Primed To Clear $71,500 and Rally Again

Name	Symbol	Market	Market Cap ($)	Algorithm
TRON	TRXUSD	Crypto	10,552,664,912	Not Mineable

Name

Symbol

Market

Market Cap ($)

Algorithm

TRON

TRXUSD

Crypto

10,552,664,912

Not Mineable

	Price Change	Price Change %	Current Price	Bid Price	Offer
	-0.000256	-0.21%	0.119835	0.119835	0.119858

Price Change

Price Change %

Current Price

Bid Price

Offer

-0.000256

-0.21%

0.119835

0.119858

High Price	Low Price	Open Price	Prev. Close	52 Week Range
0.120716	0.118601	0.120091	0.120091	0.064588 - 0.144371

High Price

Low Price

Open Price

Prev. Close

52 Week Range

0.120716

0.118601

0.120091

0.064588 - 0.144371

Exchange	Last Trade	Size	Trade Price	Currency
KRKN	23:02:11	31.95	0.119835	USD

Exchange

Last Trade

Size

Trade Price

Currency

KRKN

23:02:11

31.95

0.119835

USD

Price x Volume	Volume	Base Symbol	Related Pairs
105,642.48	882,731.37	TRX	TRXEUR	TRXGBP	TRXBTC

Price x Volume

Volume

Base Symbol

Related Pairs

105,642.48

882,731.37

Bitcoin Price Primed To Clear $71,500 and Rally Again

29/03/2024 2:09am

NEWSBTC

Bitcoin price is again rising above the $70,000 resistance zone. BTC seems to be setting up for a steady increase above the $71,500 resistance zone. Bitcoin price is climbing higher and above the $70,000 resistance zone. The price is trading above $70,500 and the 100 hourly Simple moving average. There is a crucial bullish trend line forming with support at $70,200 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could soon start a fresh rally if it clears the $71,500 resistance zone. Bitcoin Price Regains Strength Bitcoin price remained well-supported above the $69,000 resistance zone. BTC climbed higher the $70,000 resistance zone to move again into a positive zone. The price broke the $71,000 level and retested $71,500. A high was formed near $71,539 and there was a downside correction. There was a minor decline below the 23.6% Fib retracement level of the upward move from the $68,468 swing low to the $71,539 high. Bitcoin is now trading above $70,000 and the 100 hourly Simple moving average. There is also a crucial bullish trend line forming with support at $70,200 on the hourly chart of the BTC/USD pair. Source: BTCUSD on TradingView.com Immediate resistance is near the $71,200 level. The first major resistance could be $71,500. If there is a clear move above the $71,500 resistance zone, the price could start a strong increase. In the stated case, the price could even clear the $72,500 resistance zone in the near term. The next major resistance is near the $73,500 zone. Another Decline In BTC? If Bitcoin fails to rise above the $71,500 resistance zone, it could start another decline. Immediate support on the downside is near the $70,200 level and the trend line. The first major support is $70,000 and the 50% Fib retracement level of the upward move from the $68,468 swing low to the $71,539 high. The next support sits at $69,200. If there is a close below $69,200, the price could start a drop toward the $68,000 level. Any more losses might send the price toward the $66,500 support zone in the near term. Technical indicators: Hourly MACD – The MACD is now gaining pace in the bullish zone. Hourly RSI (Relative Strength Index) – The RSI for BTC/USD is now above the 50 level. Major Support Levels – $70,200, followed by $69,200. Major Resistance Levels – $71,200, $71,500, and $73,500.

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