Close Menu
StreamLineCrypto.comStreamLineCrypto.com
  • Home
  • Crypto News
  • Bitcoin
  • Altcoins
  • NFT
  • Defi
  • Blockchain
  • Metaverse
  • Regulations
  • Trading
What's Hot

SoFi Plans Bitcoin And Crypto Trading, Eyes Record Year 

October 28, 2025

Why $BEST Is a Smart Buy Now

October 28, 2025

Does a weaker dollar drive Bitcoin price now?

October 28, 2025
Facebook X (Twitter) Instagram
Tuesday, October 28 2025
  • Contact Us
  • Privacy Policy
  • Cookie Privacy Policy
  • Terms of Use
  • DMCA
Facebook X (Twitter) Instagram
StreamLineCrypto.comStreamLineCrypto.com
  • Home
  • Crypto News
  • Bitcoin
  • Altcoins
  • NFT
  • Defi
  • Blockchain
  • Metaverse
  • Regulations
  • Trading
StreamLineCrypto.comStreamLineCrypto.com

Bitcoin Price Regains Strength: Is a New Rally Brewing?

September 23, 2024Updated:September 23, 2024No Comments3 Mins Read
Facebook Twitter Pinterest LinkedIn Tumblr Email
Bitcoin Price Regains Strength: Is a New Rally Brewing?
Share
Facebook Twitter LinkedIn Pinterest Email
ad


Bitcoin worth gained tempo above the $62,500 resistance. BTC even cleared the $63,200 degree and is now consolidating positive factors above $63,500.

  • Bitcoin is gaining tempo above the $63,200 resistance zone.
  • The value is buying and selling above $63,400 and the 100 hourly Easy shifting common.
  • There was a break above a connecting bearish pattern line with resistance at $63,220 on the hourly chart of the BTC/USD pair (knowledge feed from Kraken).
  • The pair may lengthen positive factors if it stays above the $62,500 assist zone.

Bitcoin Worth Lengthen Positive aspects Above $63,500

Bitcoin worth prolonged its enhance above the $62,500 degree. BTC was capable of clear the $62,800 and $63,200 resistance ranges to maneuver additional right into a constructive zone.

There was additionally a break above a connecting bearish pattern line with resistance at $63,220 on the hourly chart of the BTC/USD pair. The bulls even pushed the worth above the $63,500 degree. A excessive was fashioned at $63,965 and the worth is now consolidating positive factors.

There was a minor transfer beneath the $63,750 degree. The value dipped and examined the 23.6% Fib retracement degree of the upward transfer from the $62,440 swing low to the $63,965 excessive.

Bitcoin is now buying and selling above $63,500 and the 100 hourly Easy shifting common. On the upside, the worth may face resistance close to the $63,950 degree. The primary key resistance is close to the $64,200 degree. A transparent transfer above the $64,200 resistance may ship the worth increased.

Bitcoin Price Regains Strength: Is a New Rally Brewing?

The following key resistance could possibly be $65,000. A detailed above the $65,000 resistance may spark extra upsides. Within the said case, the worth may rise and take a look at the $65,500 resistance.

Are Dips Supported In BTC?

If Bitcoin fails to rise above the $63,950 resistance zone, it may begin a draw back correction. Rapid assist on the draw back is close to the $63,500 degree.

The primary main assist is $63,200 and the 50% Fib retracement degree of the upward transfer from the $62,440 swing low to the $63,965 excessive. The following assist is now close to the $62,500 zone. Any extra losses may ship the worth towards the $61,500 assist within the close to time period.

Technical indicators:

Hourly MACD – The MACD is now gaining tempo within the bullish zone.

Hourly RSI (Relative Power Index) – The RSI for BTC/USD is now above the 50 degree.

Main Assist Ranges – $63,500, adopted by $63,200.

Main Resistance Ranges – $63,950, and $64,000.



Source link

ad
Bitcoin Brewing Price Rally regains Strength
Share. Facebook Twitter Pinterest LinkedIn Tumblr Email
Related Posts

SoFi Plans Bitcoin And Crypto Trading, Eyes Record Year 

October 28, 2025

Why $BEST Is a Smart Buy Now

October 28, 2025

Does a weaker dollar drive Bitcoin price now?

October 28, 2025

Circle Launches Arc Testnet With BlackRock, Goldman, Visa, Mastercard

October 28, 2025
Add A Comment
Leave A Reply Cancel Reply

ad
What's New Here!
SoFi Plans Bitcoin And Crypto Trading, Eyes Record Year 
October 28, 2025
Why $BEST Is a Smart Buy Now
October 28, 2025
Does a weaker dollar drive Bitcoin price now?
October 28, 2025
Circle Launches Arc Testnet With BlackRock, Goldman, Visa, Mastercard
October 28, 2025
Metaplanet Initiates $500 Million Share Buyback to Boost Bitcoin (BTC) Yield
October 28, 2025
Facebook X (Twitter) Instagram Pinterest
  • Contact Us
  • Privacy Policy
  • Cookie Privacy Policy
  • Terms of Use
  • DMCA
© 2025 StreamlineCrypto.com - All Rights Reserved!

Type above and press Enter to search. Press Esc to cancel.