TA: Bitcoin Consolidates Gain: What Could Trigger Fresh Rally
18 Octubre 2021 - 10:08PM
NEWSBTC
Bitcoin is showing positive signs above the $61,200 support against
the US Dollar. BTC could start a fresh rally if it clears the
$62,200 resistance zone. Bitcoin is trading in a positive zone
above the $60,000 and $61,200 levels. The price is now trading
above $61,200 and the 100 hourly simple moving average. There is a
major bullish trend line forming with support near $61,000 on the
hourly chart of the BTC/USD pair (data feed from Kraken). The pair
could start a fresh rally and it might rise towards the $63,500
level in the near term. Bitcoin Price Remains Supported Bitcoin
price remained strong above the $60,000 zone and traded in a
positive zone. BTC jumped above the $62,000 level before starting a
downside correction. A high was formed near the $62,885 before
there was a minor decline. The price declined below the $62,000 and
$61,200 levels. However, the price remained supported near the
$59,200 level and the 100 hourly simple moving average. Recently,
the price climbed higher and climbed above $61,200. However, the
price is struggling above the $62,200 level. A high was formed near
$62,672 before there was another decline. It traded as low as
$59,900 and recently recovered above $61,000. Bitcoin surpassed the
50% Fib retracement level of the downside correction from the
$62,672 swing high to $59,900 low. There is also a major bullish
trend line forming with support near $61,000 on the hourly chart of
the BTC/USD pair. The pair is now testing the 76.4% Fib retracement
level of the downside correction from the $62,672 swing high to
$59,900 low. On the upside, an initial resistance is near the
$62,000 level. The first key resistance is near the $62,200 level.
Source: BTCUSD on TradingView.com A clear break above the $62,200
resistance could open the doors for more upsides. The next major
resistance sits near the $63,500 level, above which the price might
rise towards the $65,000 level. Dips Supported In BTC? If bitcoin
fails to clear the $62,200 resistance zone, it could start a
downside correction. An immediate support on the downside is near
the $61,200 level. The first major support is now forming near the
$61,000 level, the trend line, and the 100 hourly SMA. A downside
break below the $61,000 level could push the price towards $60,000.
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 now above the 50 level. Major Support Levels –
$61,200, followed by $61,000. Major Resistance Levels – $62,200,
$62,850 and $63,500.
Bitcoin (COIN:BTCUSD)
Gráfica de Acción Histórica
De Mar 2024 a Abr 2024
Bitcoin (COIN:BTCUSD)
Gráfica de Acción Histórica
De Abr 2023 a Abr 2024