Bitcoin Price Reclaims $60K: Is The Rally Resuming?
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Bitcoin price surged past $60,000, gaining over 10%. The price is now consolidating gains near the 23.6% Fib retracement level from the $54,556 low to the $62,700 high. BTC is above $60,000 and the 100 hourly Simple moving average, with support at $60,000 on the hourly chart. Further resistance is expected near $62,500 and $65,000.
If Bitcoin fails to rise above $62,500, a downside correction could occur. Immediate support lies at $60,700, followed by $60,000 and $57,750. Any more losses might drive the price toward $55,000 support zone. Technical indicators show a bullish outlook, with the Hourly MACD gaining pace and RSI above 50.
A close above $65,000 could trigger bullish movements, potentially testing the $67,000 resistance. The outlook remains positive, but caution is advised around the identified resistance and support levels.
Nguồn: www.newsbtc.com ↗
Bài viết tương tự (214)
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