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BTCUSD Bitcoin

65,634.19

-533.50 (-0.81%)

06:23:15 - Realtime Data

Name	Symbol	Market	Market Cap ($)	Algorithm
Bitcoin	BTCUSD	Crypto	1,289,876,126,840	SHA-256d

	Price Change	Price Change %	Current Price	Bid Price	Offer
	-533.50	-0.81%	65,634.19	65,634.18	65,634.19

High Price	Low Price	Open Price	Prev. Close	52 Week Range
66,407.99	65,467.02	66,124.23	66,170.11	24,900.00 - 73,835.57

Exchange	Last Trade	Size	Trade Price	Currency
GDAX	06:23:14	0.020000	65,636.61	USD

Price x Volume	Volume	Base Symbol	Related Pairs
81,427,659.50	1,233.72	BTC	BTCEUR	BTCGBP	ETHBTC

Bitcoin Price Eyes Fresh Gains: Can BTC Climb Again?

31/07/2024 3:37am

NEWSBTC

Bitcoin price extended losses and tested the $65,500 support zone. BTC is now consolidating and might aim for a fresh increase if it clears $66,500. Bitcoin tested the $65,500 level and is attempting a recovery wave. The price is trading below $68,000 and the 100 hourly Simple moving average. There is a connecting bearish trend line forming with resistance at $66,400 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair might start a fresh increase if it clears the $66,500 resistance zone. Bitcoin Price Revisits Support Bitcoin price extended losses below the $66,500 support zone. BTC even spiked below the $66,000 and $65,500 levels. A low is formed near $65,337 and the price is now consolidating losses. It recovered above the $66,000 level and tested the 23.6% Fib retracement level of the downward move from the $69,985 swing high to the $65,337 low. However, the price is now struggling to clear the $66,500 resistance zone. There is also a connecting bearish trend line forming with resistance at $66,400 on the hourly chart of the BTC/USD pair. Bitcoin price is trading below $68,000 and the 100 hourly Simple moving average. On the upside, the price could face resistance near the $66,400 level. The first key resistance is near the $66,500 level. A clear move above the $66,500 resistance might send the price further higher in the coming sessions. The next key resistance could be $67,650 or the 50% Fib retracement level of the downward move from the $69,985 swing high to the $65,337 low. The next major hurdle sits at $68,200. A close above the $68,200 resistance might spark bullish moves. In the stated case, the price could rise and test the $70,000 resistance. Another Decline In BTC? If Bitcoin fails to recover above the $66,500 resistance zone, it could start another decline. Immediate support on the downside is near the $66,000 level. The first major support is $65,350. The next support is now near $65,000. 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 losing pace in the bearish zone. Hourly RSI (Relative Strength Index) – The RSI for BTC/USD is now below the 50 level. Major Support Levels – $66,000, followed by $65,350. Major Resistance Levels – $66,500, and $67,650.

1 Year Bitcoin Chart

1 Year Bitcoin Chart

1 Month Bitcoin Chart

1 Month Bitcoin Chart

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