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BTCUSD Bitcoin

63,034.76

-704.27 (-1.10%)

14:18:07 - Realtime Data

Name	Symbol	Market	Market Cap ($)	Algorithm
Bitcoin	BTCUSD	Crypto	1,237,330,388,379	SHA-256d

	Price Change	Price Change %	Current Price	Bid Price	Offer
	-704.27	-1.10%	63,034.76	63,034.62	63,034.76

High Price	Low Price	Open Price	Prev. Close	52 Week Range
63,900.00	62,445.06	63,748.82	63,739.03	24,750.00 - 73,835.57

Exchange	Last Trade	Size	Trade Price	Currency
GDAX	14:18:06	0.004000	63,034.76	USD

Price x Volume	Volume	Base Symbol	Related Pairs
232,231,598.53	3,688.19	BTC	BTCEUR	BTCGBP	ETHBTC

Bitcoin Price Revisits Key Support, Can Bulls Save The Day?

28/03/2023 4:02am

NEWSBTC

Bitcoin price declined and retested the $26,500 support. BTC must stay above the $26,500 support to avoid more losses in the coming sessions. Bitcoin started another decline and retested the $26,500 support. The price is trading below $27,500 and the 100 hourly simple moving average. There is a major bearish trend line forming with resistance near $27,700 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could extend its decline if there is a clear move below the $26,500 support. Bitcoin Price Turns Red Again Bitcoin price failed to gain strength above the $28,200 resistance zone. BTC formed a short-term top and reacted to the downside below the $27,500 support zone. There was a clear move below the $27,200 support zone and the price even broke the $27,000 support. It retested the key $26,500 support zone. A low is formed near $26,491 and the price is now consolidating losses. There was a minor increase above the 23.6% Fib retracement level of the downward move from the $28,240 swing high to $26,491 low. Bitcoin price is now trading below $27,500 and the 100 hourly simple moving average. There is also a major bearish trend line forming with resistance near $27,700 on the hourly chart of the BTC/USD pair. On the upside, an immediate resistance is near the $27,350 level. It is near the 50% Fib retracement level of the downward move from the $28,240 swing high to $26,491 low. The next major resistance is near the $27,700 zone, the trend line, and the 100 hourly simple moving average. Source: BTCUSD on TradingView.com A close above the trend line resistance might send the price towards the $28,200 support. In the stated case, the price could rise towards the $28,800 resistance, above which the price might gain bullish momentum. More Losses in BTC? If bitcoin price fails to clear the $27,700 resistance, it could start another decline. An immediate support on the downside is near the $26,500 zone. The next major support is near the $26,500 zone. A downside break below the $26,500 support might send the price towards the $25,800 support zone. The next major support is near the $25,200 level. 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 below the 50 level. Major Support Levels – $26,650, followed by $26,500. Major Resistance Levels – $27,350, $27,700 and $28,200.

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