Bitcoin Price Eyes Additional Upsides: Will The Recovery Persist?
💹
Bitcoin price is currently consolidating around the $57,500 mark. It is expected to gain bullish momentum if it clears the $58,000 resistance zone.
BTC has initiated a wave of recovery past the $55,500 and $56,500 levels. It is trading above $57,000 and the 100 hourly Simple Moving Average (SMA).
The price broke a key bearish trend line at $56,850 on the BTC/USD hourly chart. However, it may face resistance around the $58,250 level, which is close to the 76.4% Fib retracement level from the $61,040 high to the $49,110 low.
If Bitcoin clears the $58,800 resistance, the price could rise to the next resistance levels at $59,500 and $60,000. A close above $60,000 would likely lead to testing the $62,000 resistance.
On the downside, if BTC fails to surpass the $58,250 resistance, it could decline. Immediate support is near $56,400 and the 100 hourly SMA, with major supports at $54,500 and $53,500. Further losses could drive the price toward the $52,000 support zone.
Bron: www.newsbtc.com ↗
Vergelijkbare artikelen (116)
Bitcoin is pinned below $65K but several market structure-altering factors are at play
Bitcoin Price In A Standstill: Is An Upward Trend Coming Next Week?
Bitcoin rallied above $65K, but will BTC price hold this level?
Can Bitcoin price overcome the $60K 'double breakout' zone?
Bitcoin Analysis as BTC Approaches Critical $66K Level – Will It Trigger a Major Upward Surge?
Bitcoin Price Outlook: 38.2% Fibonacci in Focus as October Begins—Uptrend Coming?
Bitcoin price coils as market confirms $65K as 'real resistance'
Bitcoin Price Eyes Further Gains Toward $60K: Can It Break Through?
Bitcoin Price Gains Strength: 100 SMA Crucial for Sustained Gains
Bitcoin Price Targets Higher Levels: Can the Momentum Hold?
Bitcoin Price Faces Challenge at $65K: Can It Break Through?
Bitcoin (BTC) overcomes resistance - $70,000 is next
Bitcoin Price Poised for Recovery: Will the Uptrend Resume?
Bitcoin Price Surges Above $64,000 — Here’s The Resistance Level To Watch
Bitcoin Breaks $64,000, But This Pattern Could Mean Bull Run Isn’t Safe
Bitcoin Price Rally Faces Key Resistance: Will Whale Shorts Trigger A Market Pullback?
Bitcoin Could Target $63,000 But Must First Clear This Vital Resistance Level
Bitcoin Breaks $66,000, But Analyst Warns Against Fresh Longs—Here’s Why
Bitcoin Capped Below $65,000 As RSI Falls Below 80 In Monthly Chart: Should You Worry?
Bitcoin At A Crossroads: Bullish Momentum Meets Selling Pressure – Details
Bitcoin Price Back on Track: Can It Maintain Traction?
Bitcoin (BTC) holds above $63,000 - next bullish phase to come
Bitcoin Price Rises Steadily: Will It Reach $60K Next?
Bitcoin Price Rebounds, But Key Hurdles Could Stall Progress
Bitcoin (BTC) battles major resistance - breakout or rejection?
Bitcoin Price Bounces Back, But Can It Sustain Above $60K?
Why Bitcoin Retesting $57,000 Is Good For The Price
Bitcoin Price Retains Support: Is a Bounce Back on the Horizon?
Bitcoin Reclaims $61,000: Key Levels To Watch For Continuous Surge
Bitcoin Price Reclaims $60K: Is The Rally Resuming?
Bitcoin Resistance: Here Are The Challenges Ahead For BTC
Big Bitcoin (BTC) move is coming
Bitcoin Price Regains Strength: Is a New Rally Brewing?
Bitcoin Price Forecast: Decisive 24 Hours Ahead With Crucial Support And Resistance Levels
Bitcoin (BTC) claws its way higher - major support holding so far
Bitcoin Price Aims for Steady Increase: Is a Gradual Rise Ahead?
Bitcoin Makes Sharp Recovery, But Watch Out For Resistance At $64,000
Bitcoin Stalls Below $65,000 Despite Sellers Losing Momentum: What’s Going On?
Bitcoin Rally Expected Once Price Breaks $69,500 – FOMO Likely?
Bitcoin Trading Above Key Levels, Eye Higher Highs Near $65K
Bitcoin Near $59K as Bulls Struggle to Break $63K Resistance
Bitcoin Rejected at $66K, Potential Pullback to 60K Expected
Bitcoin Breaks Consolidation, Ethereum Nears Key Resistance
Bitcoin Price $60K Breakout Meets Major Accumulation; Is ATH Next Stop?
Bitcoin Faces Key Resistance
Bitcoin Faces Ongoing Resistance
Bitcoin Price Prediction: BTC Stuck in a Tug of War Between $40k and $60k Levels, Bullish Breakout Still Elusive
Bitcoin Price Prediction: Market Poised for Recovery, with $70K as Key Resistance Level
Bitcoin holds strong above $59K: Time for a rally to $63.7K?
Bitcoin News Today: Could $60K Be the Start of Something Huge For BTC Price?
Bitcoin Remains Below $60,000
Bitcoin Aims to Reclaim $61,000
Battle at $60K: Can Bitcoin Bulls Break Through the Barrier?
Bitcoin (BTC) Price Breakout to $80,000 Delayed by Macro Trends
Will Bitcoin Breach $62,000 Level or Fall Again?
Bitcoin (BTC) Price Holds Strong at Key Level for Six Months: What’s Next?
Bitcoin Rally Approaches New Highs
BTC Price Today: How the Next 24 Hours Could Change Everything for Bitcoin
Bitcoin Technical Analysis: Key Resistance Levels Test Bullish Momentum
Bitcoin Eyes $64,000 as Investors Buy $2 Billion Worth of BTC
Bitcoin Faces Resistance Despite Positive Market Signals
Bitcoin Faces Resistance, Retraces to $58K-$60K
$64,500 or $49,500: Which Comes First for Bitcoin Price
Bitcoin struggles below $60K, but can still rally to 68K – Here’s how
Bitcoin Faces Selling Pressure after $65,000 Test
Bitcoin Breached $65,000 ; Would it Hold or Fall Back to $63,000?
Bitcoin Faces Pivotal 69-70 Thousand Dollar Resistance
Bitcoin Price Analysis: Can Bitcoin Break the $60,000 Barrier Soon?
Bitcoin’s Struggle: Will It Hit $90,000 or Drop to $48,000?
Bitcoin Surges Past Key Resistance Level
Bitcoin Technical Analysis: Path to $58K Blocked by Heavy Resistance at $56,000
Bitcoin Faces Resistance at $64,000 Level
Bitcoin Failed to Hold $64,000, What’s Next?
Bitcoin Price Faces Critical Resistance Levels
Bitcoin’s Battle to Break $65K Barrier: Are Bulls Aiming for $75K?
Bitcoin’s BreakOut Hangs in the Balance: Will It Break the Psychological Inflection Line?
Bitcoin’s path to $65K: Will miner sell pressure stall the rally?
Will Bitcoin Hit $65,000 This Week?
Will Bitcoin enter a bull market? $64K resistance holds the answer!
Bitcoin Surpasses $63,500: Analysis of Recent Price Action
What Happened to Bitcoin Today? Update 23 September 2024
Bitcoin breaks $60K: Here’s why $64K could be the next target
Will Bitcoin Rise Again and Break $65,000?
Bitcoin sees spike in slippage – Will this trigger volatility and local reversals?
Bitcoin (BTC) Continues to Struggle for $64K, Investors Are Hesitant! But Standard Chartered Is Upbeat About the Rise, Here's Why!
Bitcoin Price Prediction: Battle To Surpass $64,500 Continues With No Confirmation of Bullish Bias
Bitcoin Price Analysis: Breaking the $65,000 Barrier Is the Bull Run Here?
Bitcoin Faces Resistance at $60,000
Bitcoin Surpasses $64,000 Resistance Level
Investors Monitor Bitcoin’s Struggle at the $64,000 Resistance Level
Bitcoin Faces Critical Resistance at 69-70 Thousand Dollars
Crypto Market Surges and Bitcoin Approaches Key Resistance
Bitcoin Targets $65,000 Resistance Level
Bitcoin Prepares for Major Price Movement at $60,000 Level
Bitcoin Price Fluctuates and Faces Resistance
Bitcoin Targets $61,400 While Ethereum Faces Key Resistance
Bitcoin Faces Resistance Despite Positive News
Bitcoin Targets $65,000 Resistance Level After Recovery
Bitcoin Faces Key Resistance Amid Volatility: Will BTC Break Through?
Bitcoin Faces Key Resistance at $65,200 Despite Strong Performance: Bitfinex Report
Bitcoin (BTC) Poised for Breakthrough as Market Sentiment Hits Peak Amid Bullish Catalysts
Bitcoin’s Volatile Journey: Eyeing $70K Amid Resistance at $60K and $65K
Bitcoin Nears August High: Potential Breakout Despite Overbought Conditions
Bitcoin Aims for New Highs as Price Recovers Above Key Resistance Levels
Bitcoin Price Today: Whales Pose Major Threats as BTC Faces Key Resistance at $64,000
Bitcoin’s Path to Recovery: Will It Sustain Above $57,700 Amid Fluctuations?
Bitcoin Approaches Critical $61K Resistance After Strong Rebound From $50K Support
Bitcoin’s Struggle: Can BTC Overcome Key Resistance Levels and Revitalize the Crypto Market?
Bitcoin Faces Bearish Reversal After Reclaiming $61k Amid Increased Selling Pressure
Bitcoin Battles Resistance at $62K Amid Bullish On-Chain Indicators and Death Cross Concerns
Bitcoin Price Nearing Critical $61,000 Resistance, Potential Surge to $70,000 on Horizon
Bitcoin [BTC] Eyes Critical $61,509 Resistance for Potential Breakout Amid Recent Recovery
Bitcoin (BTC) Faces Resistance at $64,730 Amid Market Uncertainty and Declining Volume
Bitcoin Approaches Critical $60,000 Level: Signs of Major Market Movement Ahead
Bitcoin Price Set for Major Breakout: Crucial $60,000 Resistance on the Horizon
Bitcoin Faces New Challenges as It Nears $64,000 Resistance Level