Bitcoin Price Consolidates Gains: Stability in the Crypto Market Amid Recent Surge

Name	Symbol	Market	Market Cap ($)	Algorithm
Bitcoin	BTCUSD	Crypto	1,314,002,573,082	SHA-256d

Name

Symbol

Market

Market Cap ($)

Algorithm

Bitcoin

BTCUSD

Crypto

1,314,002,573,082

SHA-256d

	Price Change	Price Change %	Current Price	Bid Price	Offer
	-1,307.59	-1.92%	66,941.25	66,941.25	66,941.26

Price Change

Price Change %

Current Price

Bid Price

Offer

-1,307.59

-1.92%

66,941.25

66,941.26

High Price	Low Price	Open Price	Prev. Close	52 Week Range
68,474.49	66,220.00	68,196.31	68,248.84	24,750.00 - 73,835.57

High Price

Low Price

Open Price

Prev. Close

52 Week Range

68,474.49

66,220.00

68,196.31

68,248.84

24,750.00 - 73,835.57

Exchange	Last Trade	Size	Trade Price	Currency
GEMN	23:48:17	0.001558	66,946.53	USD

Exchange

Last Trade

Size

Trade Price

Currency

GEMN

23:48:17

0.001558

66,946.53

USD

Price x Volume	Volume	Base Symbol	Related Pairs
956,550,797.87	14,225.07	BTC	BTCEUR	BTCGBP	ETHBTC

Price x Volume

Volume

Base Symbol

Related Pairs

956,550,797.87

14,225.07

Bitcoin Price Consolidates Gains: Stability in the Crypto Market Amid Recent Surge

17/05/2024 3:11am

NEWSBTC

Bitcoin price rallied and tested the $66,500 zone. BTC is now consolidating gains and might attempt another increase toward $67,500. Bitcoin started a consolidation phase from the $66,500 resistance zone. The price is trading above $65,000 and the 100 hourly Simple moving average. There is a key bullish trend line forming with support at $65,150 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could start another increase unless the bears push it below $63,800. Bitcoin Price Remains Supported Bitcoin price formed a base and started a fresh increase above the $63,500 level. BTC even cleared the $65,500 resistance and tested the $66,500 region. A new weekly high was formed at $66,565 and the price is now consolidating gains. There was a minor decline below the $66,000 level. The price dipped below the 23.6% Fib retracement level of the upward move from the $61,073 swing low to the $66,565 high. Bitcoin price is now trading above $65,000 and the 100 hourly Simple moving average. There is also a key bullish trend line forming with support at $65,150 on the hourly chart of the BTC/USD pair. Immediate resistance is near the $65,600 level. The first major resistance could be $66,000. The next key resistance could be $66,500. A clear move above the $66,500 resistance might send the price higher. In the stated case, the price could rise and test the $67,200 resistance. If the bulls remain in action, the price could rise toward the $68,000 resistance zone. Any more gains might send BTC toward the $70,000 barrier. Another Decline In BTC? If Bitcoin fails to climb above the $66,000 resistance zone, it could continue to move down. Immediate support on the downside is near the $65,150 level and the trend line. The first major support is $64,200. The main support is now forming near $63,800 or the 50% Fib retracement level of the upward move from the $61,073 swing low to the $66,565 high. Any more losses might send the price toward the $63,150 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 – $65,150, followed by $63,800. Major Resistance Levels – $66,000, $66,500, and $67,200.

Market Data

News

Trading Tools

Markets

Discover

Hot Features

Follow Feed

Options Flow

Monitor

BTCUSD Bitcoin