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BTCUSD Bitcoin

93,458.43

1,117.36 (1.21%)

11:47:16 - Realtime Data

Name	Symbol	Market	Market Cap ($)	Algorithm
Bitcoin	BTCUSD	Crypto	1,845,562,719,457	SHA-256d

	Price Change	Price Change %	Current Price	Bid Price	Offer
	1,117.36	1.21%	93,458.43	93,458.43	93,459.97

High Price	Low Price	Open Price	Prev. Close	52 Week Range
93,772.26	91,600.00	92,396.70	92,341.07	35,773.27 - 94,105.84

Exchange	Last Trade	Size	Trade Price	Currency
GDAX	11:47:16	0.000117	93,456.57	USD

Price x Volume	Volume	Base Symbol	Related Pairs
912,369,142.79	9,867.62	BTC	BTCEUR	BTCGBP	ETHBTC

Bitcoin Price on the Rise: Is There More Fuel for the Rally?

20/11/2024 3:08am

NEWSBTC

Bitcoin price is consolidating gains near the $91,000 zone. BTC is holding gains and might soon aim for more upsides above the $94,000 level. Bitcoin started a fresh increase above the $91,000 zone. The price is trading above $91,000 and the 100 hourly Simple moving average. There is a key bullish trend line forming with support at $90,800 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could gain bullish momentum if it clears the $93,200 resistance zone. Bitcoin Price Could Rally Again Bitcoin price remained supported above the $90,000 level. BTC formed a base and started a fresh increase above the $91,000 level. It cleared the $93,000 level and traded to a new high at $94,000 before there was a pullback. There was a move below the $93,000 level. The price dipped below the 23.6% Fib retracement level of the upward move from the $89,400 swing low to the $94,000 high. However, the price is stable and consolidating near the $92,000 level. Bitcoin price is now trading above $91,000 and the 100 hourly Simple moving average. There is also a key bullish trend line forming with support at $90,800 on the hourly chart of the BTC/USD pair. The trend line is close to the 61.8% Fib retracement level of the upward move from the $89,400 swing low to the $94,000 high. On the upside, the price could face resistance near the $92,600 level. The first key resistance is near the $93,200 level. A clear move above the $93,200 resistance might send the price higher. The next key resistance could be $94,000. A close above the $94,000 resistance might initiate more gains. In the stated case, the price could rise and test the $98,000 resistance level. Any more gains might send the price toward the $100,000 resistance level. Another Pullback In BTC? If Bitcoin fails to rise above the $94,000 resistance zone, it could start a downside correction. Immediate support on the downside is near the $91,700 level. The first major support is near the $90,700 level. The next support is now near the $89,500 zone. Any more losses might send the price toward the $87,500 support 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 – $91,700, followed by $90,700. Major Resistance Levels – $92,600, and $94,000.

1 Year Bitcoin Chart

1 Year Bitcoin Chart

1 Month Bitcoin Chart

1 Month Bitcoin Chart

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