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Bitcoin Price Retains Support: Is a Bounce Back on the Horizon? Newsbtc 30 8월 2024

Bitcoin Price Retains Support: Is a Bounce Back on the Horizon? 📊

Bitcoin price has remained stable above the $58,500 support zone despite facing resistance at $60,200 and $61,500. For a steady increase, Bitcoin needs to clear the $61,500 resistance level. Currently, the price is trading below $61,000 and the 100 hourly Simple Moving Average.

There is a bullish trend line with support at $58,800 on the BTC/USD pair chart. The price might experience more downsides if it fails to stay above the $58,500 support.

A clear move above $60,200 could send the price higher, with the next resistance at $61,200. Failing to rise above $60,200 may lead to another decline.

Immediate support is near $58,800 and $58,500. Any further losses might push the price near the $56,500 support in the short term.

Technical indicators also show that the hourly MACD is losing pace in the bearish zone, and the RSI for BTC/USD is below 50. Major support levels are at $58,800 and $58,000, while major resistance levels are at $60,200 and $61,200.

출처: www.newsbtc.com ↗

비슷한 기사 (163)개

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Could Bitcoin Break Above Crucial Resistance? Exploring Potential Price Rally Scenarios Coinotag 2주 전
Could Bitcoin Break Above Crucial Resistance? Exploring Potential Price Rally Scenarios
Bitcoin Faces Critical $70,000 Support as Market Sentiment Shifts—Can Altcoins Follow? Coinotag 3일 전
Bitcoin Faces Critical $70,000 Support as Market Sentiment Shifts—Can Altcoins Follow?
Bitcoin Nears August High: Potential Breakout Despite Overbought Conditions Coinotag 24 9월 2024
Bitcoin Nears August High: Potential Breakout Despite Overbought Conditions
Could Bitcoin Approach $64,000 Again? Analyzing Recent Movements and Potential Market Trends Coinotag 4주 전
Could Bitcoin Approach $64,000 Again? Analyzing Recent Movements and Potential Market Trends
Bitcoin Faces Key Resistance at $65,200 Despite Strong Performance: Bitfinex Report Coinotag 23 9월 2024
Bitcoin Faces Key Resistance at $65,200 Despite Strong Performance: Bitfinex Report
Is Bitcoin Poised to Break Through $64,000 Resistance? Exploring Recent Market Movements and Potential Outcomes Coinotag 3주 전
Is Bitcoin Poised to Break Through $64,000 Resistance? Exploring Recent Market Movements and Potential Outcomes
Bitcoin Price Set for Major Breakout: Crucial $60,000 Resistance on the Horizon Coinotag 03 9월 2024
Bitcoin Price Set for Major Breakout: Crucial $60,000 Resistance on the Horizon