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BTCUSD Bitcoin

66,383.06

1,143.82 (1.75%)

15:37:24 - Realtime Data

Name	Symbol	Market	Market Cap ($)	Algorithm
Bitcoin	BTCUSD	Crypto	1,303,421,249,659	SHA-256d

	Price Change	Price Change %	Current Price	Bid Price	Offer
	1,143.82	1.75%	66,383.06	66,383.05	66,383.06

High Price	Low Price	Open Price	Prev. Close	52 Week Range
66,574.79	65,113.46	65,296.50	65,239.24	24,750.00 - 73,835.57

Exchange	Last Trade	Size	Trade Price	Currency
GDAX	15:37:24	0.430000	66,383.06	USD

Price x Volume	Volume	Base Symbol	Related Pairs
414,839,209.57	6,278.56	BTC	BTCEUR	BTCGBP	ETHBTC

Bitcoin Price Consolidates Below Hurdles, Can BTC Bounce Back?

17/04/2024 3:58am

NEWSBTC

Bitcoin price is consolidating below the $65,000 resistance zone. BTC must surpass $65,000 and $67,000 to move into a bullish zone again. Bitcoin is struggling to gain pace for a move above the $65,000 resistance zone. The price is trading below $65,000 and the 100 hourly Simple moving average. There was a break above a connecting bearish trend line with resistance at $63,000 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could gain bullish momentum if it clears the $67,000 resistance zone. Bitcoin Price Eyes Upside Break Bitcoin price failed to clear the $67,000 resistance zone. BTC started another decline and traded below the $65,000 support zone. It even declined below $62,000 before the bulls emerged. A low was formed near $61,551 and the price is now attempting a fresh recovery wave. There was a break above a connecting bearish trend line with resistance at $63,000 on the hourly chart of the BTC/USD pair. The pair climbed above the 23.6% Fib retracement level of the recent decline from the $66,898 swing high to the $61,551 low. Bitcoin price is trading below $65,000 and the 100 hourly Simple moving average. Immediate resistance is near the $64,250 level. It is close to the 50% Fib retracement level of the recent decline from the $66,898 swing high to the $61,551 low. The first major resistance could be $64,850. The next resistance now sits at $65,000. If there is a clear move above the $65,000 resistance zone, the price could continue to move up. In the stated case, the price could rise toward $66,500. Source: BTCUSD on TradingView.com The next major resistance is near the $67,200 zone. Any more gains might send Bitcoin toward the $70,000 resistance zone in the near term. Another Decline In BTC? If Bitcoin fails to rise above the $65,000 resistance zone, it could start another decline. Immediate support on the downside is near the $62,800 level. The first major support is $62,000. If there is a close below $62,000, the price could start to drop toward the $61,500 level. 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 – $63,000, followed by $62,000. Major Resistance Levels – $64,850, $65,000, and $67,000.

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