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BTCUSD Bitcoin

61,425.45

534.31 (0.88%)

12:55:11 - Realtime Data

Name	Symbol	Market	Market Cap ($)	Algorithm
Bitcoin	BTCUSD	Crypto	1,206,284,221,559	SHA-256d

	Price Change	Price Change %	Current Price	Bid Price	Offer
	534.31	0.88%	61,425.45	61,425.45	61,425.46

High Price	Low Price	Open Price	Prev. Close	52 Week Range
61,672.69	60,611.01	60,866.66	60,891.14	24,900.00 - 73,835.57

Exchange	Last Trade	Size	Trade Price	Currency
GDAX	12:55:11	0.000079	61,425.46	USD

Price x Volume	Volume	Base Symbol	Related Pairs
129,862,970.93	2,122.88	BTC	BTCEUR	BTCGBP	ETHBTC

Bitcoin Price Resurgence: Ready for Another Upswing?

10/06/2024 5:17am

NEWSBTC

Bitcoin price stayed above the $68,500 support zone. BTC is now consolidating and might aim for a fresh increase above the $70,150 resistance. Bitcoin found support near $68,500 and started a decent recovery wave. The price is trading below $70,000 and the 100 hourly Simple moving average. There is a key bullish trend line forming with support at $69,500 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could decline again if there is no move above the $70,150 resistance. Bitcoin Price Faces Resistance Bitcoin price extended its decline below the $70,000 support zone. BTC even declined below the $69,500 level before the bulls appeared near $68,500. A low was formed at $68,409 and the price is now attempting a recovery wave. There was a move above the $69,250 resistance zone. The price climbed above the 23.6% Fib retracement level of the downward move from the $71,900 swing high to the $68,409 low. Bitcoin is now trading below $70,000 and the 100 hourly Simple moving average. However, there is a key bullish trend line forming with support at $69,500 on the hourly chart of the BTC/USD pair. On the upside, the price is facing resistance near the $70,000 level. The first major resistance could be $70,150 and the 50% Fib retracement level of the downward move from the $71,900 swing high to the $68,409 low. The next key resistance could be $70,550. A clear move above the $70,550 resistance might send the price higher. In the stated case, the price could rise and test the $71,200 resistance. Any more gains might send BTC toward the $72,000 resistance. Another Decline In BTC? If Bitcoin fails to climb above the $70,150 resistance zone, it could start another decline. Immediate support on the downside is near the $69,500 level and the trend line. The first major support is $69,150. The next support is now forming near $68,500. Any more losses might send the price toward the $67,500 support zone in the near term. Technical indicators: Hourly MACD – The MACD is now losing pace in the bearish zone. Hourly RSI (Relative Strength Index) – The RSI for BTC/USD is now above the 50 level. Major Support Levels – $69,500, followed by $68,500. Major Resistance Levels – $70,150, and $70,500.

1 Year Bitcoin Chart

1 Year Bitcoin Chart

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1 Month Bitcoin Chart

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