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BTCUSD Bitcoin

66,556.99

-267.07 (-0.40%)

07:19:28 - Realtime Data

Name	Symbol	Market	Market Cap ($)	Algorithm
Bitcoin	BTCUSD	Crypto	1,307,334,171,698	SHA-256d

	Price Change	Price Change %	Current Price	Bid Price	Offer
	-267.07	-0.40%	66,556.99	66,556.98	66,556.99

High Price	Low Price	Open Price	Prev. Close	52 Week Range
66,868.58	65,846.38	66,733.59	66,824.06	24,900.00 - 73,835.57

Exchange	Last Trade	Size	Trade Price	Currency
GDAX	07:19:28	0.000030	66,556.99	USD

Price x Volume	Volume	Base Symbol	Related Pairs
222,285,667.78	3,345.96	BTC	BTCEUR	BTCGBP	ETHBTC

Bitcoin Price Pulls Back: Will Bulls Conquer the Selling Pressure?

30/07/2024 3:37am

NEWSBTC

Bitcoin price started a downside correction from the $70,000 resistance. BTC is now correcting gains and might extend losses if it trades below $66,000. Bitcoin struggled near $70,000 and started a downside correction. The price is trading below $68,500 and the 100 hourly Simple moving average. There was a break below a key bullish trend line with support at $68,620 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair might extend losses if it fails to stay above the $66,000 support zone. Bitcoin Price Dips Again From $70,000 Bitcoin price extended gains above the $68,500 resistance zone. BTC even spiked toward the $70,000 resistance zone. However, it failed to stay near $70,000 and started a downside correction. There was a move below the $68,500 and $68,000 support levels. Besides, there was a break below a key bullish trend line with support at $68,620 on the hourly chart of the BTC/USD pair. The pair even declined below the $66,500 support zone. It tested the $66,000 zone. A low is formed at $66,063 and the price is now consolidating losses. Bitcoin price is trading below $68,500 and the 100 hourly Simple moving average. On the upside, the price could face resistance near the $67,000 level. The first key resistance is near the $67,200 level or the 23.6% Fib retracement level of the downward move from the $69,985 swing high to the $66,036 low. A clear move above the $67,200 resistance might send the price further higher in the coming sessions. The next key resistance could be $68,000 or the 50% Fib retracement level of the downward move from the $69,985 swing high to the $66,036 low. The next major hurdle sits at $68,500. A close above the $68,500 resistance might spark bullish moves. In the stated case, the price could rise and test the $70,000 resistance. More Losses In BTC? If Bitcoin fails to recover above the $67,200 resistance zone, it could start another decline. Immediate support on the downside is near the $66,000 level. The first major support is $65,500. 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 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 – $66,000, followed by $65,500. Major Resistance Levels – $67,200, and $68,000.

1 Year Bitcoin Chart

1 Year Bitcoin Chart

1 Month Bitcoin Chart

1 Month Bitcoin Chart

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