Bitcoin Price Holds Firm: Key Support Maintained Amid Market Uncertainty

Name	Symbol	Market	Market Cap ($)	Algorithm
Bitcoin	BTCUSD	Crypto	1,344,931,130,374	SHA-256d

Name

Symbol

Market

Market Cap ($)

Algorithm

Bitcoin

BTCUSD

Crypto

1,344,931,130,374

SHA-256d

	Price Change	Price Change %	Current Price	Bid Price	Offer
	258.41	0.38%	68,549.44	68,549.43	68,549.44

Price Change

Price Change %

Current Price

Bid Price

Offer

258.41

0.38%

68,549.44

68,549.43

68,549.44

High Price	Low Price	Open Price	Prev. Close	52 Week Range
68,645.99	68,188.05	68,334.55	68,291.03	24,750.00 - 73,835.57

High Price

Low Price

Open Price

Prev. Close

52 Week Range

68,645.99

68,188.05

68,334.55

68,291.03

24,750.00 - 73,835.57

Exchange	Last Trade	Size	Trade Price	Currency
GDAX	03:03:24	0.001890	68,548.13	USD

Exchange

Last Trade

Size

Trade Price

Currency

GDAX

03:03:24

0.001890

68,548.13

USD

Price x Volume	Volume	Base Symbol	Related Pairs
42,018,602.61	613.99	BTC	BTCEUR	BTCGBP	ETHBTC

Price x Volume

Volume

Base Symbol

Related Pairs

42,018,602.61

613.99

Bitcoin Price Holds Firm: Key Support Maintained Amid Market Uncertainty

15/05/2024 4:31am

NEWSBTC

Bitcoin price is holding the key support at $60,000. BTC could start another increase and rise toward the range resistance at $63,500. Bitcoin is still trading in a range between $60,000 and $63,500. The price is trading above $61,500 and the 100 hourly Simple moving average. There was a break above a connecting bearish trend line with resistance at $61,550 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could gain bullish momentum if it clears $62,200 and $62,500. Bitcoin Price Remains Steady Bitcoin price started another decline from the $63,500 resistance zone. BTC traded below the $62,500 and $62,200 support levels. A low was formed at $61,000 and the price started a recovery wave. There was a move above the $61,250 and $61,500 levels. Besides, there was a break above a connecting bearish trend line with resistance at $61,550 on the hourly chart of the BTC/USD pair. There was a move above the 23.6% Fib retracement level of the recent decline from the $63,400 swing high to the $61,000 low. Bitcoin is still trading above $61,500 and the 100 hourly Simple moving average. Immediate resistance is near the $62,200 level or the 50% Fib retracement level of the recent decline from the $63,400 swing high to the $61,000 low. The first major resistance could be $62,500. The next key resistance could be $63,000. A clear move above the $63,000 resistance might send the price higher. The main resistance now sits at $63,500. If there is a close above the $63,500 resistance zone, the price could continue to move up. In the stated case, the price could rise toward $65,000. Another Drop In BTC? If Bitcoin fails to climb above the $62,500 resistance zone, it could start another decline. Immediate support on the downside is near the $61,550 level and the 100 hourly Simple moving average. The first major support is $61,000. If there is a close below $61,000, the price could start to drop toward $60,400. Any more losses might send the price toward the $60,000 support zone in the near term. Technical indicators: Hourly MACD – The MACD is now gaining pace in the bullish zone. Hourly RSI (Relative Strength Index) – The RSI for BTC/USD is now above the 50 level. Major Support Levels – $61,550, followed by $61,000. Major Resistance Levels – $62,200, $62,500, and $63,500.

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