Bitcoin Price At Make-Or-Break Moment, Key Levels To Watch

Name	Symbol	Market	Market Cap ($)	Algorithm
Bitcoin	BTCUSD	Crypto	1,177,858,057,331	SHA-256d

Name

Symbol

Market

Market Cap ($)

Algorithm

Bitcoin

BTCUSD

Crypto

1,177,858,057,331

SHA-256d

	Price Change	Price Change %	Current Price	Bid Price	Offer
	-586.56	-0.97%	60,013.72	60,007.32	60,013.28

Price Change

Price Change %

Current Price

Bid Price

Offer

-586.56

-0.97%

60,013.72

60,007.32

60,013.28

High Price	Low Price	Open Price	Prev. Close	52 Week Range
60,785.49	59,507.76	60,649.57	60,600.28	24,750.00 - 73,835.57

High Price

Low Price

Open Price

Prev. Close

52 Week Range

60,785.49

59,507.76

60,649.57

60,600.28

24,750.00 - 73,835.57

Exchange	Last Trade	Size	Trade Price	Currency
GDAX	04:21:20	0.001600	60,013.72	USD

Exchange

Last Trade

Size

Trade Price

Currency

GDAX

04:21:20

0.001600

60,013.72

USD

Price x Volume	Volume	Base Symbol	Related Pairs
120,041,386.26	1,999.33	BTC	BTCEUR	BTCGBP	ETHBTC

Price x Volume

Volume

Base Symbol

Related Pairs

120,041,386.26

1,999.33

Bitcoin Price At Make-Or-Break Moment, Key Levels To Watch

18/04/2024 4:27am

NEWSBTC

Bitcoin price is still struggling below the $65,000 resistance zone. BTC must stay above the $60,000 support zone to avoid a major decline. Bitcoin is still struggling to gain pace for a move above the $65,000 resistance zone. The price is trading below $63,000 and the 100 hourly Simple moving average. There is a key bearish trend line forming with resistance at $62,650 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could gain bullish momentum if it clears the $63,000 resistance zone. Bitcoin Price Remains At Risk Bitcoin price failed to clear the $64,500 resistance zone. BTC formed a short-term top at $64,450 and started another decline. There was a move below the $63,000 and $62,000 levels. The price even spiked below the $60,000 level. A low was formed near $59,700 and the price is now attempting a fresh recovery wave. The price climbed above the 23.6% Fib retracement level of the recent decline from the $64,444 swing high to the $59,700 low. Bitcoin price is trading below $63,000 and the 100 hourly Simple moving average. Immediate resistance is near the $62,000 level. It is close to the 50% Fib retracement level of the recent decline from the $64,444 swing high to the $59,700 low. The first major resistance could be $62,650 and the trend line. The next resistance now sits at $63,000. If there is a clear move above the $63,000 resistance zone, the price could continue to move up. In the stated case, the price could rise toward $64,500. Source: BTCUSD on TradingView.com The next major resistance is near the $65,000 zone. Any more gains might send Bitcoin toward the $66,500 resistance zone in the near term. More Losses In BTC? If Bitcoin fails to rise above the $63,000 resistance zone, it could start another decline. Immediate support on the downside is near the $60,800 level. The first major support is $60,000. If there is a close below $60,000, the price could start to drop toward the $59,200 level. Any more losses might send the price toward the $58,500 support zone in the near term. Technical indicators: Hourly MACD – The MACD is now losing pace in the bearish zone. Hourly RSI (Relative Strength Index) – The RSI for BTC/USD is now below the 50 level. Major Support Levels – $60,800, followed by $60,000. Major Resistance Levels – $62,650, $63,000, and $64,500.

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