BTCUSD on TradingView.com<\/a><\/figcaption><\/figure>\nA close above the $66,850 resistance might initiate more gains. In the stated case, the price could rise and test the $67,500 resistance level. Any more gains might send the price toward the $68,000 resistance level.<\/p>\n
Another Decline In BTC?<\/h2>\n If Bitcoin fails to rise above the $66,400 resistance zone, it could start another decline. Immediate support on the downside is near the $65,400 level and the trend line.<\/p>\n
The first major support is near the $64,250 level or the 50% Fib retracement level of the upward wave from the $62,139 swing low to the $66,398 high. The next support is now near the $63,500 zone. Any more losses might send the price toward the $62,500 support in the near term.<\/p>\n
Technical indicators:<\/p>\n
Hourly MACD \u2013 The MACD is now losing pace in the bullish zone.<\/p>\n
Hourly RSI (Relative Strength Index) \u2013 The RSI for BTC\/USD is now above the 50 level.<\/p>\n
Major Support Levels \u2013 $65,400, followed by $64,250.<\/p>\n
Major Resistance Levels \u2013 $66,000, and $66,400.<\/p>\n","protected":false},"excerpt":{"rendered":"
Bitcoin price started a fresh rally above the $64,500 resistance zone. BTC is now consolidating and might struggle to surpass the $66,400 resistance. Bitcoin is up over 5% and now faces hurdles near the $66,400 zone. The price is trading above $64,500 and the 100 hourly Simple moving average. There is a short-term bullish trend line forming with support at $65,400 on the hourly chart of the BTC\/USD pair (data feed from Kraken). The pair could rally further if there is a close above the $66,400 resistance zone. Bitcoin Price Surges Over 5% Bitcoin price formed a base and started a fresh increase above the $62,500 resistance. BTC cleared the $63,500 resistance to move into a positive zone. The price even rallied above the $65,000 and $65,500 resistance levels. Finally, the price stalled near the last key resistance at $66,400. A high was formed at $66,398 and the price is now consolidating gains. There was a minor decline below the $66,000 level. The price is now approaching the 23.6% Fib retracement level of the upward wave from the $62,139 swing low to the $66,398 high. Bitcoin price is now trading above $65,000 and the 100 hourly Simple moving average. There is also a short-term bullish trend line forming with support at $65,400 on the hourly chart of the BTC\/USD pair. On the upside, the price could face resistance near the $66,000 level. The first key resistance is near the $66,400 level. A clear move above the $66,400 resistance might send the price higher. The next key resistance could be $66,850. A close above the $66,850 resistance might initiate more gains. In the stated case, the price could rise and test the $67,500 resistance level. Any more gains might send the price toward the $68,000 resistance level. Another Decline In BTC? If Bitcoin fails to rise above the $66,400 resistance zone, it could start another decline. Immediate support on the downside is near the $65,400 level and the trend line. The first major support is near the $64,250 level or the 50% Fib retracement level of the upward wave from the $62,139 swing low to the $66,398 high. The next support is now near the $63,500 zone. Any more losses might send the price toward the $62,500 support in the near term. Technical indicators: Hourly MACD \u2013 The MACD is now losing pace in the bullish zone. Hourly RSI (Relative Strength Index) \u2013 The RSI for BTC\/USD is now above the 50 level. Major Support Levels \u2013 $65,400, followed by $64,250. Major Resistance Levels \u2013 $66,000, and $66,400.<\/p>\n","protected":false},"author":67,"featured_media":647969,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[83361],"tags":[428,679,1144,78790,76835],"class_list":["post-647967","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-btc","tag-bitcoin","tag-bitcoin-price","tag-btcusd","tag-btcusdt","tag-xbtusd"],"acf":[],"yoast_head":"\n
Bitcoin Price Reaches Critical Resistance: Can the Rally Push On?<\/title>\n \n \n \n \n \n \n \n \n \n \n \n \n\t \n\t \n\t \n \n \n \n \n \n\t \n\t \n\t \n