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BTCUSD Bitcoin

85,900.02

1,542.81 (1.83%)

22:02:17 - Realtime Data

Name	Symbol	Market	Market Cap ($)	Algorithm
Bitcoin	BTCUSD	Crypto	1,705,448,306,447	SHA-256d

	Price Change	Price Change %	Current Price	Bid Price	Offer
	1,542.81	1.83%	85,900.02	85,899.52	85,912.46

High Price	Low Price	Open Price	Prev. Close	52 Week Range
86,534.96	83,772.54	84,210.01	84,369.67	49,050.01 - 109,356.00

Exchange	Last Trade	Size	Trade Price	Currency
GDAX	22:02:17	0.000917	85,902.66	USD

Price x Volume	Volume	Base Symbol	Related Pairs
669,095,667.55	7,863.27	BTC	BTCEUR	BTCGBP	ETHBTC

Bitcoin Price Bounces Back: Will the Climb Continue?

28/11/2024 2:46am

NEWSBTC

Bitcoin price is recovering higher above the $94,000 level. BTC is consolidating and aims for a fresh increase above the $97,000 level. Bitcoin started a fresh increase from the $91,000 zone. The price is trading above $95,000 and the 100 hourly Simple moving average. There is a connecting bullish trend line forming with support at $95,750 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could gain bullish momentum if it clears the $97,000 resistance zone. Bitcoin Price Recovers Losses Bitcoin price found support near the $91,000 zone. BTC formed a base and started a fresh increase above the $93,500 resistance zone. The bulls were able to push the price above the $95,000 resistance zone. The price surpassed the 50% Fib retracement level of the downward move from the $98,880 swing high to the $90,735 low. There is also a connecting bullish trend line forming with support at $95,750 on the hourly chart of the BTC/USD pair. Bitcoin price is now trading above $95,000 and the 100 hourly Simple moving average. On the upside, the price could face resistance near the $97,000 level. It is near the 76.4% Fib retracement level of the downward move from the $98,880 swing high to the $90,735 low. The first key resistance is near the $98,000 level. A clear move above the $98,000 resistance might send the price higher. The next key resistance could be $99,200. A close above the $99,200 resistance might initiate more gains. In the stated case, the price could rise and test the $100,000 resistance level. Any more gains might send the price toward the $102,000 level. Another Drop In BTC? If Bitcoin fails to rise above the $97,000 resistance zone, it could start another downside correction. Immediate support on the downside is near the $95,750 level. The first major support is near the $95,000 level. The next support is now near the $93,000 zone. Any more losses might send the price toward the $91,000 support 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 – $95,750, followed by $95,000. Major Resistance Levels – $97,000, and $98,000.

1 Year Bitcoin Chart

1 Year Bitcoin Chart

1 Month Bitcoin Chart

1 Month Bitcoin Chart

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