Bitcoin Price Eyes Next Breakout As The Bulls Aim For $70K

Name	Symbol	Market	Market Cap ($)	Algorithm
Bitcoin	BTCUSD	Crypto	1,263,565,559,731	SHA-256d

Name

Symbol

Market

Market Cap ($)

Algorithm

Bitcoin

BTCUSD

Crypto

1,263,565,559,731

SHA-256d

	Price Change	Price Change %	Current Price	Bid Price	Offer
	306.97	0.48%	64,306.05	64,306.04	64,306.05

Price Change

Price Change %

Current Price

Bid Price

Offer

306.97

0.48%

64,306.05

64,306.04

64,306.05

High Price	Low Price	Open Price	Prev. Close	52 Week Range
64,500.00	63,713.84	64,114.85	63,999.08	24,750.00 - 73,835.57

High Price

Low Price

Open Price

Prev. Close

52 Week Range

64,500.00

63,713.84

64,114.85

63,999.08

24,750.00 - 73,835.57

Exchange	Last Trade	Size	Trade Price	Currency
GDAX	07:33:54	0.001570	64,306.04	USD

Exchange

Last Trade

Size

Trade Price

Currency

GDAX

07:33:54

0.001570

64,306.04

USD

Price x Volume	Volume	Base Symbol	Related Pairs
108,764,713.79	1,695.54	BTC	BTCEUR	BTCGBP	ETHBTC

Price x Volume

Volume

Base Symbol

Related Pairs

108,764,713.79

1,695.54

Bitcoin Price Eyes Next Breakout As The Bulls Aim For $70K

24/04/2024 4:12am

NEWSBTC

Bitcoin price climbed above the $66,000 resistance zone and started consolidation. BTC is now eyeing the next move above the $67,200 resistance zone. Bitcoin is eyeing a decent increase above the $67,200 resistance zone. The price is trading above $65,500 and the 100 hourly Simple moving average. There is a connecting bullish trend line forming with support at $65,900 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could gain bullish momentum if it clears the $67,200 resistance zone. Bitcoin Price Eyes More Upsides Bitcoin price started a fresh increase above the $65,500 and $66,000 resistance levels. BTC even climbed above the $67,000 level. It traded as high as $67,200 and is currently consolidating gains. There was a minor decline below the $66,500 level, but the price remained stable above the 23.6% Fib retracement level of the upward move from the $64,280 swing low to the $67,200 low. Bitcoin price is still trading above $65,500 and the 100 hourly Simple moving average. There is also a connecting bullish trend line forming with support at $65,900 on the hourly chart of the BTC/USD pair. The trend line is near the 50% Fib retracement level of the upward move from the $64,280 swing low to the $67,200 low. Immediate resistance is near the $67,000 level. The first major resistance could be $67,200. A clear move above the $67,200 resistance might send the price higher. The next resistance now sits at $68,500. If there is a clear move above the $68,500 resistance zone, the price could continue to move up. In the stated case, the price could rise toward $70,000. Source: BTCUSD on TradingView.com The next major resistance is near the $70,500 zone. Any more gains might send Bitcoin toward the $72,000 resistance zone in the near term. Are Dips Limited In BTC? If Bitcoin fails to rise above the $67,000 resistance zone, it could start a downside correction. Immediate support on the downside is near the $66,200 level. The first major support is $66,000 or the trend line. If there is a close below $66,000, the price could start to drop toward $65,400. Any more losses might send the price toward the $64,200 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 – $66,200, followed by $66,000. Major Resistance Levels – $67,000, $67,200, and $68,500.

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