{"id":597553,"date":"2024-03-13T03:04:37","date_gmt":"2024-03-13T03:04:37","guid":{"rendered":"https:\/\/wncen.com\/?p=597553"},"modified":"2024-06-11T08:51:35","modified_gmt":"2024-06-11T08:51:35","slug":"bitcoin-price-faces-big-move-75k","status":"publish","type":"post","link":"https:\/\/wncen.com\/news\/bitcoin-price-faces-big-move-75k\/","title":{"rendered":"Bitcoin Price Faces Big Move \u2013 Can Bulls Send BTC To $75K?"},"content":{"rendered":"<p><em>Bitcoin price is holding gains above the $70,000 resistance. BTC is now showing positive signs and might aim for a move above the $73,000 level.<\/em><\/p>\n<ul>\n<li>Bitcoin price extended its increase and tested the $73,000 zone.<\/li>\n<li>The price is trading above $71,500 and the 100 hourly Simple moving average.<\/li>\n<li>There is a connecting bullish trend line forming with support at $71,300 on the hourly chart of the BTC\/USD pair (data feed from Kraken).<\/li>\n<li>The pair could continue to move up if it clears the $72,850 and $73,000 resistance levels.<\/li>\n<\/ul>\n<h2>Bitcoin Price Sets New ATH<\/h2>\n<p>Bitcoin price remained stable above the $70,000 level. BTC gained pace and was able to extend its increase above the $72,500 level. It even spiked above the <a href=\"https:\/\/wncen.com\/analysis\/eth\/bitcoin-price-resumes-rally-75k\/\" target=\"_blank\" rel=\"noopener \">$72,850 resistance<\/a> but the upsides were limited.<\/p>\n<p>The price traded to a new all-time high at $73,000 before there was a downside correction. The price declined below the $72,000 and $71,500 levels. A low was formed near $68,660 and the price is again rising. There was a move above the $71,000 level.<\/p>\n<p>The price cleared the 50% Fib retracement level of the downward move from the $73,000 swing high to the $68,660 low. There is also a connecting bullish trend line forming with support at $71,300 on the hourly chart of the BTC\/USD pair.<\/p>\n<p>Bitcoin is now trading above $71,500 and the <a href=\"https:\/\/wncen.com\/analysis\/btc\/bitcoin-price-rejects-70k\/\" target=\"_blank\" rel=\"noopener \">100 hourly Simple moving average<\/a>. Immediate resistance is near the $72,000 level and the 76.4% Fib retracement level of the downward move from the $73,000 swing high to the $68,660 low.<\/p>\n<p><a href=\"https:\/\/wncen.com\/wp-content\/uploads\/2024\/03\/Bitcoin_36e94f.png\"><img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" class=\"alignnone size-full wp-image-597554\" src=\"https:\/\/wncen.com\/wp-content\/uploads\/2024\/03\/Bitcoin_36e94f.png?resize=1024%2C461\" alt=\"Bitcoin Price\" width=\"1024\" height=\"461\" srcset=\"https:\/\/wncen.com\/wp-content\/uploads\/2024\/03\/Bitcoin_36e94f.png?w=1835 1835w, https:\/\/wncen.com\/wp-content\/uploads\/2024\/03\/Bitcoin_36e94f.png?w=460 460w, https:\/\/wncen.com\/wp-content\/uploads\/2024\/03\/Bitcoin_36e94f.png?w=768 768w, https:\/\/wncen.com\/wp-content\/uploads\/2024\/03\/Bitcoin_36e94f.png?w=860 860w, https:\/\/wncen.com\/wp-content\/uploads\/2024\/03\/Bitcoin_36e94f.png?w=1536 1536w, https:\/\/wncen.com\/wp-content\/uploads\/2024\/03\/Bitcoin_36e94f.png?w=750 750w, https:\/\/wncen.com\/wp-content\/uploads\/2024\/03\/Bitcoin_36e94f.png?w=1140 1140w\" sizes=\"(max-width: 1000px) 100vw, 1000px\"><\/a><\/p>\n<p>Source: <a href=\"https:\/\/www.tradingview.com\/symbols\/BTCUSD\/\" target=\"_blank\" rel=\"noopener nofollow\">BTCUSD on TradingView.com<\/a><\/p>\n<p>The next key resistance could be $72,850, above which the price could rise toward the $73,000 resistance zone. If there is a clear move above the $73,000 resistance zone, the price could even attempt a move above the $74,000 resistance zone. Any more gains might send the price toward the $75,000 level.<\/p>\n<h2>Another Downside Correction In BTC?<\/h2>\n<p>If Bitcoin fails to rise above the $72,000 resistance zone, it could start a downside correction. Immediate support on the downside is near the $71,300 level and the trend line.<\/p>\n<p>The first major support is $70,000 or 100 hourly SMA. If there is a close below $70,000, the price could start a decent pullback toward the $68,650 level. Any more losses might send the price toward the $66,500 support zone.<\/p>\n<p>Technical indicators:<\/p>\n<p>Hourly MACD \u2013 The MACD is now gaining pace in the bullish zone.<\/p>\n<p>Hourly RSI (Relative Strength Index) \u2013 The RSI for BTC\/USD is now above the 50 level.<\/p>\n<p>Major Support Levels \u2013 $71,300, followed by $70,000.<\/p>\n<p>Major Resistance Levels \u2013 $72,000, $72,850, and $73,000.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Bitcoin price is holding gains above the $70,000 resistance. BTC is now showing positive signs and might aim for a move above the $73,000 level. Bitcoin price extended its increase and tested the $73,000 zone. The price is trading above $71,500 and the 100 hourly Simple moving average. There is a connecting bullish trend line forming with support at $71,300 on the hourly chart of the BTC\/USD pair (data feed from Kraken). The pair could continue to move up if it clears the $72,850 and $73,000 resistance levels. Bitcoin Price Sets New ATH Bitcoin price remained stable above the $70,000 level. BTC gained pace and was able to extend its increase above the $72,500 level. It even spiked above the $72,850 resistance but the upsides were limited. The price traded to a new all-time high at $73,000 before there was a downside correction. The price declined below the $72,000 and $71,500 levels. A low was formed near $68,660 and the price is again rising. There was a move above the $71,000 level. The price cleared the 50% Fib retracement level of the downward move from the $73,000 swing high to the $68,660 low. There is also a connecting bullish trend line forming with support at $71,300 on the hourly chart of the BTC\/USD pair. Bitcoin is now trading above $71,500 and the 100 hourly Simple moving average. Immediate resistance is near the $72,000 level and the 76.4% Fib retracement level of the downward move from the $73,000 swing high to the $68,660 low. Source: BTCUSD on TradingView.com The next key resistance could be $72,850, above which the price could rise toward the $73,000 resistance zone. If there is a clear move above the $73,000 resistance zone, the price could even attempt a move above the $74,000 resistance zone. Any more gains might send the price toward the $75,000 level. Another Downside Correction In BTC? If Bitcoin fails to rise above the $72,000 resistance zone, it could start a downside correction. Immediate support on the downside is near the $71,300 level and the trend line. The first major support is $70,000 or 100 hourly SMA. If there is a close below $70,000, the price could start a decent pullback toward the $68,650 level. Any more losses might send the price toward the $66,500 support zone. Technical indicators: Hourly MACD \u2013 The MACD is now gaining 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 $71,300, followed by $70,000. Major Resistance Levels \u2013 $72,000, $72,850, and $73,000.<\/p>\n","protected":false},"author":67,"featured_media":460128,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[3],"tags":[428,679,1144,78790,76835],"class_list":["post-597553","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-bitcoin","tag-bitcoin-price","tag-btcusd","tag-btcusdt","tag-xbtusd"],"acf":[],"yoast_head":"\n<title>Bitcoin Price Faces Big Move \u2013 Can Bulls Send BTC To $75K?<\/title>\n<meta name=\"description\" content=\"Bitcoin price is holding gains above the $70,000 resistance. 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