Bitcoin Price Pushes Rally Further: Bulls in Full Force

Name	Symbol	Market	Market Cap ($)	Algorithm
Bitcoin	BTCUSD	Crypto	2,040,042,477,013	SHA-256d

Name

Symbol

Market

Market Cap ($)

Algorithm

Bitcoin

BTCUSD

Crypto

2,040,042,477,013

SHA-256d

	Price Change	Price Change %	Current Price	Bid Price	Offer
	-478.96	-0.46%	103,646.87	103,641.04	103,641.05

Price Change

Price Change %

Current Price

Bid Price

Offer

-478.96

-0.46%

103,646.87

103,641.04

103,641.05

High Price	Low Price	Open Price	Prev. Close	52 Week Range
104,704.00	103,043.59	104,151.70	104,125.83	38,501.00 - 108,388.88

High Price

Low Price

Open Price

Prev. Close

52 Week Range

104,704.00

103,043.59

104,151.70

104,125.83

38,501.00 - 108,388.88

Exchange	Last Trade	Size	Trade Price	Currency
GDAX	03:55:38	0.000096	103,632.55	USD

Exchange

Last Trade

Size

Trade Price

Currency

GDAX

03:55:38

0.000096

103,632.55

USD

Price x Volume	Volume	Base Symbol	Related Pairs
125,578,124.60	1,206.01	BTC	BTCEUR	BTCGBP	ETHBTC

Price x Volume

Volume

Base Symbol

Related Pairs

125,578,124.60

1,206.01

Bitcoin Price Pushes Rally Further: Bulls in Full Force

07/11/2024 2:44am

NEWSBTC

Bitcoin price is gaining pace above $74,000. BTC is trading in a bullish zone and might rise further above the $76,500 resistance zone. Bitcoin started a fresh surge above the $73,500 zone. The price is trading above $73,000 and the 100 hourly Simple moving average. There is a connecting bullish trend line forming with support at $75,250 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could continue to rise above the $76,000 resistance zone. Bitcoin Price Extends Rally Bitcoin price started a fresh surge above the $73,500 level. BTC even cleared the $75,000 resistance and traded to a new all-time high. It posted a high at $76,457 and is currently consolidating gains. There was a minor decline below the $76,000 level. The price dipped below the 23.6% Fib retracement level of the upward move from the $72,747 swing low to the $76,457 high. However, the price is still in a positive zone above the $73,500 level. Bitcoin price is now trading above $74,000 and the 100 hourly Simple moving average. There is also a connecting bullish trend line forming with support at $75,250 on the hourly chart of the BTC/USD pair. On the upside, the price could face resistance near the $75,800 level. The first key resistance is near the $76,000 level. A clear move above the $76,000 resistance might send the price higher. The next key resistance could be $76,500. A close above the $76,500 resistance might initiate more gains. In the stated case, the price could rise and test the $78,000 resistance level. Any more gains might send the price toward the $78,800 resistance level. Are Dips Supported In BTC? If Bitcoin fails to rise above the $76,000 resistance zone, it could continue to move down. Immediate support on the downside is near the $75,250 level and the trend line. The first major support is near the $74,150 level or the 61.8% Fib retracement level of the upward move from the $72,747 swing low to the $76,457 high. The next support is now near the $73,500 zone. Any more losses might send the price toward the $72,000 support 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 – $75,250, followed by $74,150. Major Resistance Levels – $76,000, and $76,500.

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