TA: Bitcoin Surge To $60K On The Horizon, As Bears Show Weak Hands

Name	Symbol	Market	Market Cap ($)	Algorithm
TRON	TRXUSD	Crypto	10,766,836,149	Not Mineable

Name

Symbol

Market

Market Cap ($)

Algorithm

TRON

TRXUSD

Crypto

10,766,836,149

Not Mineable

	Price Change	Price Change %	Current Price	Bid Price	Offer
	0.00	0.00%	0.122312	0.122281	0.122312

Price Change

Price Change %

Current Price

Bid Price

Offer

0.00

0.00%

0.122312

0.122281

0.122312

High Price	Low Price	Open Price	Prev. Close	52 Week Range
			0.122312	0.064588 - 0.144371

High Price

Low Price

Open Price

Prev. Close

52 Week Range

0.122312

0.064588 - 0.144371

Exchange	Last Trade	Size	Trade Price	Currency
KRKN	00:52:20	151.56	0.122312	USD

Exchange

Last Trade

Size

Trade Price

Currency

KRKN

00:52:20

151.56

0.122312

USD

Price x Volume	Volume	Base Symbol	Related Pairs
0.00000000	0.00000000	TRX	TRXEUR	TRXGBP	TRXBTC

Price x Volume

Volume

Base Symbol

Related Pairs

0.00000000

TA: Bitcoin Surge To $60K On The Horizon, As Bears Show Weak Hands

07/10/2021 4:08am

NEWSBTC

Bitcoin extended its rally above the $55,000 resistance against the US Dollar. BTC could correct lower, but the bulls might aim more gains towards $60K. Bitcoin climbed higher above the $52,000 and $54,000 resistance levels. The price is now trading above $53,000 and the 100 hourly simple moving average. There is a connecting bullish trend line forming with support near $53,000 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could continue to rise above the $55,500 and $56,500 resistance levels in the near term. Bitcoin Price Extends Rally Bitcoin price started a strong increase above the $50,000 resistance. BTC even broke the $52,000 resistance level and settled above the 100 hourly simple moving average. The upward move was such that the price broke the $53,200 resistance. It even spiked above the $55,000 level. A high is formed near $55,770 and the price is now consolidating gains. An immediate support on the downside is near the $55,000 level. It is close to the 23.6% Fib retracement level of the upward move from the $50,366 swing low to $55,777 high. There is also a connecting bullish trend line forming with support near $53,000 on the hourly chart of the BTC/USD pair. Source: BTCUSD on TradingView.com On the upside, an initial resistance is near the $55,500 level. The first major resistance is near the $56,200 level, above which the price could accelerate higher. The next major resistance for the bulls may possibly be near the $58,000 level. Any more gains could set the pace for a move towards the $60,000 level. Dips Limited In BTC? If bitcoin fails to clear the $56,000 resistance zone, it could start a fresh downside correction. An immediate support on the downside is near the $55,000 level. The first major support is now forming near the $54,200 level. The next major support is near the $53,000 level and the trend line. It is near the 50% Fib retracement level of the upward move from the $50,366 swing low to $55,777 high. If there is a break below the trend line support, the price might decline towards the $50,000 level and the 100 hourly SMA. Technical indicators: Hourly MACD – The MACD is still moving in the bullish zone. Hourly RSI (Relative Strength Index) – The RSI for BTC/USD is well above the 50 level. Major Support Levels – $55,000, followed by $53,000. Major Resistance Levels – $55,500, $56,200 and $58,000.

Market Data

News

Trading Tools

Markets

Discover

Hot Features

Follow Feed

Options Flow

Monitor

TRXUSD TRON