TA: Bitcoin Breaks Key Resistance, Why BTC Could Extend Rally
20 Outubro 2021 - 12:08AM
NEWSBTC
Bitcoin gained pace above the $63,000 resistance against the US
Dollar. BTC is rising and it may soon clear the $65,000 resistance
in the near term. Bitcoin is showing positive signs above the
$61,000 and $62,500 levels. The price is now trading above $62,500
and the 100 hourly simple moving average. There is a key bullish
trend line forming with support near $62,800 on the hourly chart of
the BTC/USD pair (data feed from Kraken). The pair could extend
rally and it might even clear the $65,000 level in the near term.
Bitcoin Price Eyes More Upsides Bitcoin price started a major
increase above the $62,000 resistance zone. BTC broke the key
$63,000 resistance zone and settled above the 100 hourly simple
moving average. It even spiked above the $63,500 resistance and
traded to a new multi-week high at $64,448. It is currently
correcting lower and trading below the $64,000 level. An immediate
support is near the $63,700 level. It is near the 23.6% Fib
retracement level of the upward move from the $61,320 swing low to
$64,448 high. There is also a key bullish trend line forming with
support near $62,800 on the hourly chart of the BTC/USD pair. On
the upside, an initial resistance is near the $64,000 level. The
first key resistance is near the $64,250 level. Source: BTCUSD on
TradingView.com A clear break above the $64,250 resistance could
open the doors for more upsides. The next major resistance sits
near the $65,000 level, above which the price might rise towards
the $66,500 level. Any more gains could set the pace for a larger
increase towards the $68,000 level. Dips Limited In BTC? If bitcoin
fails to clear the $64,200 resistance zone, it could start a
downside correction. An immediate support on the downside is near
the $63,700 level. The first major support is now forming near the
$62,850 level. It is near the 50% Fib retracement level of the
upward move from the $61,320 swing low to $64,448 high. The main
support is near the trend line, below which the price might decline
towards the $61,000 support and the 100 hourly SMA. Technical
indicators: Hourly MACD – The MACD is now losing pace in the
bullish zone. Hourly RSI (Relative Strength Index) – The RSI for
BTC/USD is still above the 50 level. Major Support Levels –
$61,850, followed by $62,500. Major Resistance Levels – $64,200,
$65,500 and $66,500.
Bitcoin (COIN:BTCUSD)
Gráfico Histórico do Ativo
De Mar 2024 até Abr 2024
Bitcoin (COIN:BTCUSD)
Gráfico Histórico do Ativo
De Abr 2023 até Abr 2024