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BTCUSD Bitcoin

64,914.63

-458.81 (-0.70%)

17:19:42 - Realtime Data

Name	Symbol	Market	Market Cap ($)	Algorithm
Bitcoin	BTCUSD	Crypto	1,272,933,482,672	SHA-256d

	Price Change	Price Change %	Current Price	Bid Price	Offer
	-458.81	-0.70%	64,914.63	64,905.08	64,905.09

High Price	Low Price	Open Price	Prev. Close	52 Week Range
65,616.28	63,412.46	65,444.25	65,373.44	24,900.00 - 73,835.57

Exchange	Last Trade	Size	Trade Price	Currency
GDAX	17:19:42	0.000018	64,905.08	USD

Price x Volume	Volume	Base Symbol	Related Pairs
621,495,006.73	9,666.50	BTC	BTCEUR	BTCGBP	ETHBTC

Bitcoin Price Falls Again: Is Bearish Momentum Returning?

25/07/2024 3:16am

NEWSBTC

Bitcoin price started another decline below the $66,500 level. BTC is gaining bearish momentum and might revisit the $63,200 support. Bitcoin started a fresh decline from the $68,500 resistance zone. The price is trading below $65,500 and the 100 hourly Simple moving average. There was a break below a key bullish trend line with support at $66,000 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair might extend losses and trade toward the $63,200 support zone. Bitcoin Price Gains Bearish Momentum Bitcoin price failed to hold gains above the $66,500 support level. BTC started another decline and traded below the $66,000 support zone. There was a move below the 50% Fib retracement level of the upward move from the $63,225 swing low to the $68,313 high. Besides, there was a break below a key bullish trend line with support at $66,000 on the hourly chart of the BTC/USD pair. The pair is now accelerating lower below the $65,000 level. Bitcoin price is now trading below $66,000 and the 100 hourly Simple moving average. It is also below the 76.4% Fib retracement level of the upward move from the $63,225 swing low to the $68,313 high. If there is a recovery wave, the price could face resistance near the $65,200 level. The first key resistance is near the $65,500 level. A clear move above the $65,500 resistance might spark another increase in the coming sessions. The next key resistance could be $66,200. The next major hurdle sits at $66,800 and the 100 hourly Simple moving average. A close above the $66,800 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 recover above the $65,500 resistance zone, it could continue to move down. Immediate support on the downside is near the $64,000 level. The first major support is $63,200. The next support is now near $62,500. Any more losses might send the price toward the $61,500 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 – $64,000, followed by $63,200. Major Resistance Levels – $65,500, and $66,800.

1 Year Bitcoin Chart

1 Year Bitcoin Chart

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1 Month Bitcoin Chart

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