Bitcoin Price Consolidates Gains, Can BTC Extend Rally To $60K?
28 Februar 2024 - 4:05AM
NEWSBTC
Bitcoin price rallied further toward $58,000. BTC is now
consolidating gains and might soon attempt more gains toward the
$60,000 resistance. Bitcoin price is consolidating gains below the
$57,500 resistance zone. The price is trading above $56,000 and the
100 hourly Simple moving average. There is a rising channel forming
with resistance near $57,650 on the hourly chart of the BTC/USD
pair (data feed from Kraken). The pair could extend its current
rally toward the $60,000 resistance zone. Bitcoin Price Faces Fresh
Hurdle Bitcoin price extended its rally above the $55,000
resistance zone. BTC gained bullish momentum after it broke the
$55,500 and $56,000 resistance levels. There was also a spike above
the $57,000 resistance zone. A new multi-week high is formed near
$57,572 and the price is now consolidating gains. There was a minor
decline below the $57,000 level, but the price is still above the
23.6% Fib retracement level of the recent wave from the $50,950
swing low to the $57,572 high. Bitcoin is now trading above $56,000
and the 100 hourly Simple moving average. Immediate resistance is
near the $57,200 level. The next key resistance could be $57,500.
Source: BTCUSD on TradingView.com There is also a rising channel
forming with resistance near $57,650 on the hourly chart of the
BTC/USD pair, above which the price could rise toward the $58,000
resistance zone. If the bulls remain in action, the price could
even surpass $58,000 and test $58,800. The main hurdle for them is
visible near the $60,000 zone. Are Dips Supported In BTC? If
Bitcoin fails to rise above the $57,500 resistance zone, it could
start a downside correction. Immediate support on the downside is
near the $56,800 level. The first major support is $56,000. If
there is a close below $56,000, the price could start a decent
pullback toward the 50% Fib retracement level of the recent wave
from the $50,950 swing low to the $57,572 high at $54,250. Any more
losses might send the price toward the $53,200 support zone.
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 –
$56,800, followed by $56,000. Major Resistance Levels – $57,500,
$57,650, and $58,000.
Bitcoin (COIN:BTCUSD)
Historical Stock Chart
Von Jun 2024 bis Jul 2024
Bitcoin (COIN:BTCUSD)
Historical Stock Chart
Von Jul 2023 bis Jul 2024