Ni NewsBTC - 2 ka tuig na ang milabay - Oras sa Pagbasa: 2 ka minuto
Bitcoin Eyes Fresh Rally, Why Close above $66k Is Important
Bitcoin price recovered losses and climbed above $65,000 against the US Dollar. BTC must climb above the $66,350 zone to start a fresh rally in the near term.
Bitcoin started a fresh increase from the $62,500 support zone. The price is now trading above $65,000 and the 100 hourly simple moving average. There was a break above a key bearish trend line with resistance near $65,000 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could start a fresh increase if there is a clear close above $66,000. Bitcoin Price Faces ResistanceBitcoin price remained well bid near the $62,500 zone. As a result, BTC started a fresh increase above the $64,000 resistance zone. There was a clear break above the $65,000 resistance and the 100 hourly simple moving average.
Besides, there was a break above a key bearish trend line with resistance near $65,000 on the hourly chart of the BTC/USD pair. The pair climbed above the 50% Fib retracement level of the main decline from the $68,762 swing high to $62,300 low.
On the upside, an immediate resistance is near the $66,000 level. The first major resistance is near the $66,400 level. It is close to the 61.8% Fib retracement level of the main decline from the $68,762 swing high to $62,300 low.
Source: BTCUSD sa TradingView.comA clear break above $66,350 resistance may possibly call open the doors for a fresh increase. The next major resistance sits near the $68,000 level, where the bears might take a stand. An intermediate resistance for the bulls may possibly be near the $67,250 level.
Lab-as nga Desline sa BTC?If bitcoin fails to clear the $66,350 resistance zone, it could start a fresh downside correction. An immediate support on the downside is near the $65,200 level.
The first major support is now forming near the $65,000 level and the broken trend line. Any more losses could lead the price towards the $64,500 level. The next major support is near the $64,000 level, below which the price could even decline below the $63,500 support zone.
Teknikal nga mga timailhan:
Oras nga MACD - Ang MACD karon nawad-an sa lakang sa bullish zone.
Hourly RSI (Relative Kusog Indeks) - Ang RSI alang sa BTC / USD maayo na karon sa lebel sa 50 nga lebel.
Mga lebel sa Daghang Pagsuporta - $ 65,200, gisundan sa $ 65,000.
Mga lebel sa Daghang Pagsukol - $ 66,000, $ 66,350 ug $ 68,000.
Ang orihinal nga tinubdan: NewsBTC