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BTCUSD Bitcoin

59,015.39

-1,147.19 (-1.91%)

05:17:31 - Realtime Data

Name	Symbol	Market	Market Cap ($)	Algorithm
Bitcoin	BTCUSD	Crypto	1,159,375,886,760	SHA-256d

	Price Change	Price Change %	Current Price	Bid Price	Offer
	-1,147.19	-1.91%	59,015.39	59,013.63	59,014.20

High Price	Low Price	Open Price	Prev. Close	52 Week Range
60,429.27	57,875.18	60,198.50	60,162.58	24,900.00 - 73,835.57

Exchange	Last Trade	Size	Trade Price	Currency
GDAX	05:17:31	0.000046	59,015.39	USD

Price x Volume	Volume	Base Symbol	Related Pairs
270,672,387.28	4,586.48	BTC	BTCEUR	BTCGBP	ETHBTC

Bitcoin Price Challenge: Can It Break Through and Resume Climbing?

02/07/2024 3:46am

NEWSBTC

Bitcoin price recovered and tested the $63,650 resistance zone. BTC is now consolidating gains and might make another attempt to surpass $63,650. Bitcoin started a decent increase above the $62,500 and $63,000 levels. The price is trading above $62,250 and the 100 hourly Simple moving average. There is a connecting bullish trend line forming with support at $62,800 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair might gain bullish momentum if it clears the $63,650 resistance zone. Bitcoin Price Holds Ground Bitcoin price started a decent upward move above the $61,200 zone. BTC was able to clear the $62,000 and $63,000 resistance levels to move into a short-term positive zone. However, the bears took a stand near the $63,650 zone. A high was formed at $63,798 and the price recently corrected some gains. There was a move below the $63,200 level. The price tested the 23.6% Fib retracement level of the upward move from the $59,950 swing low to the $63,798 high. Bitcoin price is now trading above $62,250 and the 100 hourly Simple moving average. There is also a connecting bullish trend line forming with support at $62,800 on the hourly chart of the BTC/USD pair. If there is another increase, the price could face resistance near the $63,250 level. The first key resistance is near the $63,650 level. The next key resistance could be $64,000. A clear move above the $64,000 resistance might start a steady increase and send the price higher. In the stated case, the price could rise and test the $65,000 resistance. Any more gains might send BTC toward the $66,500 resistance in the near term. Are Dips Supported In BTC? If Bitcoin fails to climb above the $63,650 resistance zone, it could slowly move down. Immediate support on the downside is near the $62,800 level and the trend line. The first major support is $62,200. The next support is now forming near $61,800 and the 100 hourly Simple moving average. It is close to the 50% Fib retracement level of the upward move from the $59,950 swing low to the $63,798 high. Any more losses might send the price toward the $60,500 support zone in the near term. Technical indicators: Hourly MACD – The MACD is now losing pace in the bullish zone. Hourly RSI (Relative Strength Index) – The RSI for BTC/USD is now above the 50 level. Major Support Levels – $62,800, followed by $61,800. Major Resistance Levels – $63,650, and $64,000.

1 Year Bitcoin Chart

1 Year Bitcoin Chart

1 Month Bitcoin Chart

1 Month Bitcoin Chart

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