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BTCUSD Bitcoin

69,233.20

-977.69 (-1.39%)

06:55:43 - Realtime Data

Name	Symbol	Market	Market Cap ($)	Algorithm
Bitcoin	BTCUSD	Crypto	1,371,193,274,358	SHA-256d

	Price Change	Price Change %	Current Price	Bid Price	Offer
	-977.69	-1.39%	69,233.20	69,230.08	69,230.09

High Price	Low Price	Open Price	Prev. Close	52 Week Range
70,364.64	68,750.37	70,225.39	70,207.78	34,079.46 - 73,835.57

Exchange	Last Trade	Size	Trade Price	Currency
GDAX	06:55:43	0.018973	69,230.09	USD

Price x Volume	Volume	Base Symbol	Related Pairs
231,307,717.08	3,328.38	BTC	BTCEUR	BTCGBP	ETHBTC

Bitcoin Price Corrects Recent Gains: Is a Deeper Dip Coming?

30/09/2024 3:33am

NEWSBTC

Bitcoin price extended its increase above $66,000. BTC is now correcting gains below $65,500 and might continue to move down toward $64,000. Bitcoin is correcting gains from the $66,500 zone. The price is trading below $65,250 and the 100 hourly Simple moving average. There was a break below a short-term bullish trend line with support at $65,750 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could start another increase if it stays above the $64,000 support zone. Bitcoin Price Starts Downside Correction Bitcoin price remained supported near the $63,250 level. BTC extended its increase above the $65,500 resistance zone. It even cleared the $66,000 level. A high was formed at $66,452 and the price is now correcting gains. There was a decline below the $66,000 level. The price dipped below the 23.6% Fib retracement level of the upward move from the $62,672 swing low to the $66,452 high. There was a break below a short-term bullish trend line with support at $65,750 on the hourly chart of the BTC/USD pair. Bitcoin is now trading below $65,500 and the 100 hourly Simple moving average. The bulls are now trying to protect the $64,500 zone. If there is a fresh increase, the price could face resistance near the $65,250 level. The first key resistance is near the $65,500 level. A clear move above the $65,500 resistance might send the price higher. The next key resistance could be $66,500. A close above the $66,500 resistance might spark more upsides. In the stated case, the price could rise and test the $68,000 resistance level. More Losses In BTC? If Bitcoin fails to rise above the $65,500 resistance zone, it could continue to move down. Immediate support on the downside is near the $64,200 level and the 61.8% Fib retracement level of the upward move from the $62,672 swing low to the $66,452 high. The first major support is near the $64,000 level. The next support is now near the $63,500 zone. Any more losses might send the price toward the $62,650 support in the near term. Technical indicators: Hourly MACD – The MACD is now gaining pace in the bearish zone. Hourly RSI (Relative Strength Index) – The RSI for BTC/USD is now below the 50 level. Major Support Levels – $64,200, followed by $64,000. Major Resistance Levels – $65,250, and $65,500.

1 Year Bitcoin Chart

1 Year Bitcoin Chart

1 Month Bitcoin Chart

1 Month Bitcoin Chart

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