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BTCUSD Bitcoin

65,991.60

67.19 (0.10%)

08:20:29 - Realtime Data

Name	Symbol	Market	Market Cap ($)	Algorithm
Bitcoin	BTCUSD	Crypto	1,295,552,799,125	SHA-256d

	Price Change	Price Change %	Current Price	Bid Price	Offer
	67.19	0.10%	65,991.60	65,990.22	65,993.51

High Price	Low Price	Open Price	Prev. Close	52 Week Range
66,145.57	65,473.00	65,948.93	65,922.81	24,900.00 - 73,835.57

Exchange	Last Trade	Size	Trade Price	Currency
GEMN	08:20:29	0.000049	65,978.67	USD

Price x Volume	Volume	Base Symbol	Related Pairs
128,943,803.82	1,959.26	BTC	BTCEUR	BTCGBP	ETHBTC

Bitcoin Price Dips: Is This the Start of a Fresh Downside?

24/07/2024 3:44am

NEWSBTC

Bitcoin price struggled below the $68,500 resistance zone. BTC is correcting gains and might decline further below the $65,500 support zone. Bitcoin started a correction wave from the $68,500 resistance zone. The price is trading below $66,500 and the 100 hourly Simple moving average. There was a break below a key bullish trend line with support at $67,200 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair might extend losses and trade below the $65,500 support zone. Bitcoin Price Holds Gains Above $67K Bitcoin price failed to stay above the $66,500 and $67,000 resistance levels. BTC extended its decline and traded below the $66,000 support level to move into a short-term bearish zone. There was a break below a key bullish trend line with support at $67,200 on the hourly chart of the BTC/USD pair. The pair even spiked below the $65,500 level. A low is formed at $65,458 and the price is now consolidating losses. It is trading below the 23.6% Fib retracement level of the recent decline from the $68,240 swing high to the $65,458 low. Bitcoin price is now trading below $66,500 and the 100 hourly Simple moving average. If there is a fresh increase, the price could face resistance near the $66,150 level. The first key resistance is near the $66,800 level and the 50% Fib retracement level of the recent decline from the $68,240 swing high to the $65,458 low. A clear move above the $66,800 resistance might spark another increase in the coming sessions. The next key resistance could be $67,100. The next major hurdle sits at $67,200. A close above the $67,200 resistance might push the price further higher. In the stated case, the price could rise and test the $68,000 resistance. More Losses In BTC? If Bitcoin fails to climb above the $67,200 resistance zone, it could continue to move down. Immediate support on the downside is near the $65,500 level. The first major support is $65,080. The next support is now near $64,200. Any more losses might send the price toward the $63,500 support zone 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 – $65,500, followed by $65,000. Major Resistance Levels – $67,200, and $68,000.

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1 Year Bitcoin Chart

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1 Month Bitcoin Chart

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