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BTCUSD Bitcoin

66,732.91

-871.56 (-1.29%)

07:17:29 - Realtime Data

Name	Symbol	Market	Market Cap ($)	Algorithm
Bitcoin	BTCUSD	Crypto	1,309,873,084,583	SHA-256d

	Price Change	Price Change %	Current Price	Bid Price	Offer
	-871.56	-1.29%	66,732.91	66,728.08	66,731.07

High Price	Low Price	Open Price	Prev. Close	52 Week Range
67,786.84	66,335.20	67,588.16	67,604.47	24,900.00 - 73,835.57

Exchange	Last Trade	Size	Trade Price	Currency
GDAX	07:17:28	0.000927	66,731.58	USD

Price x Volume	Volume	Base Symbol	Related Pairs
202,159,786.43	3,010.81	BTC	BTCEUR	BTCGBP	ETHBTC

Bitcoin Price Consolidates: Is Another Pump on the Horizon?

23/07/2024 4:02am

NEWSBTC

Bitcoin price remained below the $68,500 resistance zone. BTC is consolidating its gains and might aim for a fresh upward move in the near term. Bitcoin started a consolidation phase below the $68,500 resistance zone. The price is trading above $66,800 and the 100 hourly Simple moving average. There is a key bullish trend line forming with support at $62,200 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair might extend gains and trade above the $68,500 resistance zone. Bitcoin Price Holds Gains Above $67K Bitcoin price extended its increase above the $66,500 and $67,000 resistance levels. BTC even spiked above the $68,000 level before the bears appeared. It seems like the bears are active near the $68,500 level. The recent high was formed near $68,240 and the price is slowly moving lower. There was a move below the $67,500 level. The price dipped below the 50% Fib retracement level of the upward move from the $66,600 swing low to the $68,240 high. Bitcoin price is now trading above $66,800 and the 100 hourly Simple moving average. There is also a key bullish trend line forming with support at $62,200 on the hourly chart of the BTC/USD pair. The trend line is close to the 61.8% Fib retracement level of the upward move from the $66,600 swing low to the $68,240 high. If there is a fresh increase, the price could face resistance near the $68,250 level. The first key resistance is near the $68,500 level. A clear move above the $68,500 resistance might spark another increase in the coming sessions. The next key resistance could be $68,800. The next major hurdle sits at $69,200. A close above the $69,200 resistance might push the price further higher. In the stated case, the price could rise and test the $70,000 resistance. Are Dips Supported In BTC? If Bitcoin fails to climb above the $68,250 resistance zone, it could start a downside correction. Immediate support on the downside is near the $67,200 level. The first major support is $66,600. The next support is now near $66,000. Any more losses might send the price toward the $65,500 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 – $67,200, followed by $66,600. Major Resistance Levels – $68,200, and $68,500.

1 Year Bitcoin Chart

1 Year Bitcoin Chart

1 Month Bitcoin Chart

1 Month Bitcoin Chart

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