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{"id":611455,"date":"2024-06-05T02:58:04","date_gmt":"2024-06-05T02:58:04","guid":{"rendered":"https:\/\/www.wncen.com\/?p=611455"},"modified":"2024-06-11T08:25:14","modified_gmt":"2024-06-11T08:25:14","slug":"bitcoin-price-green-70k","status":"publish","type":"post","link":"https:\/\/www.wncen.com\/news\/bitcoin-price-green-70k\/","title":{"rendered":"Bitcoin Price Turns Green: Poised for a Major Upswing"},"content":{"rendered":"

Bitcoin price started a fresh increase above the $70,000 resistance. BTC is showing positive signs and might rise further above the $72,000 resistance in the near term.<\/em><\/p>\n

\n
Bitcoin started a decent increase above the $69,500 and $70,000 resistance levels.<\/li>\n
The price is trading above $69,500 and the 100 hourly Simple moving average.<\/li>\n
There is a key bullish trend line forming with support at $69,200 on the hourly chart of the BTC\/USD pair (data feed from Kraken).<\/li>\n
The pair could gain bullish momentum if it settles above the $71,200 level.<\/li>\n<\/ul>\n
Bitcoin Price Eyes More Upsides<\/h2>\n
Bitcoin price formed a base<\/a> and started a fresh increase above the $68,500 resistance. BTC was able to clear the $69,500 and $70,000 levels to move into a positive zone.<\/p>\n
The bulls even pushed the price above $71,200. A high was formed at $71,238 and the price is now consolidating gains. The price is stable above the 23.6% Fib retracement level of the upward move from the $67,284 swing low to the $71,258 high.<\/p>\n
Bitcoin is now trading above $69,500 and the 100 hourly Simple moving average<\/a>. There is also a key bullish trend line forming with support at $69,200 on the hourly chart of the BTC\/USD pair.<\/p>\n
$\"Bitcoin$ <\/a>
Source: BTCUSD on TradingView.com<\/a><\/figcaption><\/figure>\n
On the upside, the price is facing resistance near the $71,200 level. The first major resistance could be $71,500. The next key resistance could be $72,000. A clear move above the $72,000 resistance might send the price higher. In the stated case, the price could rise and test the $73,200 resistance. Any more gains might send BTC toward the $75,000 resistance.<\/p>\n
Another Decline In BTC?<\/h2>\n
If Bitcoin fails to climb above the $71,200 resistance zone, it could start another decline. Immediate support on the downside is near the $70,300 level.<\/p>\n
The first major support is $69,400 or the trend line. The next support is now forming near $69,200 or the 50% Fib retracement level of the upward move from the $67,284 swing low to the $71,258 high. Any more losses might send the price toward the $68,500 support zone in the near term.<\/p>\n
Technical indicators:<\/p>\n
Hourly MACD \u2013 The MACD is now gaining 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 $70,300, followed by $69,400.<\/p>\n
Major Resistance Levels \u2013 $71,200, and $72,000.<\/p>\n","protected":false},"excerpt":{"rendered":"
Bitcoin price started a fresh increase above the $70,000 resistance. BTC is showing positive signs and might rise further above the $72,000 resistance in the near term. Bitcoin started a decent increase above the $69,500 and $70,000 resistance levels. The price is trading above $69,500 and the 100 hourly Simple moving average. There is a key bullish trend line forming with support at $69,200 on the hourly chart of the BTC\/USD pair (data feed from Kraken). The pair could gain bullish momentum if it settles above the $71,200 level. Bitcoin Price Eyes More Upsides Bitcoin price formed a base and started a fresh increase above the $68,500 resistance. BTC was able to clear the $69,500 and $70,000 levels to move into a positive zone. The bulls even pushed the price above $71,200. A high was formed at $71,238 and the price is now consolidating gains. The price is stable above the 23.6% Fib retracement level of the upward move from the $67,284 swing low to the $71,258 high. Bitcoin is now trading above $69,500 and the 100 hourly Simple moving average. There is also a key bullish trend line forming with support at $69,200 on the hourly chart of the BTC\/USD pair. On the upside, the price is facing resistance near the $71,200 level. The first major resistance could be $71,500. The next key resistance could be $72,000. A clear move above the $72,000 resistance might send the price higher. In the stated case, the price could rise and test the $73,200 resistance. Any more gains might send BTC toward the $75,000 resistance. Another Decline In BTC? If Bitcoin fails to climb above the $71,200 resistance zone, it could start another decline. Immediate support on the downside is near the $70,300 level. The first major support is $69,400 or the trend line. The next support is now forming near $69,200 or the 50% Fib retracement level of the upward move from the $67,284 swing low to the $71,258 high. Any more losses might send the price toward the $68,500 support zone in the near term. 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 $70,300, followed by $69,400. Major Resistance Levels \u2013 $71,200, and $72,000.<\/p>\n","protected":false},"author":67,"featured_media":611457,"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-611455","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":"\nBitcoin Price Turns Green: Poised for a Major Upswing<\/title>\n<meta name=\"description\" content=\"Bitcoin price started a fresh increase above the $70,000 resistance. 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His background in software engineering has equipped him with a unique skill set, enabling him to leverage cutting-edge tools and algorithms to gain a competitive edge in an ever-evolving landscape. In addition to his roles in finance and technology, Aayush serves as the director of a prestigious IT company, where he spearheads initiatives aimed at driving digital innovation and transformation. Under his visionary leadership, the company has flourished, cementing its position as a leader in the tech industry and paving the way for groundbreaking advancements in software development and IT solutions. Despite his demanding professional commitments, Aayush is a firm believer in the importance of work-life balance. An avid traveler and adventurer, he finds solace in exploring new destinations, immersing himself in different cultures, and forging lasting memories along the way. Whether he's trekking through the Himalayas, diving in the azure waters of the Maldives, or experiencing the vibrant energy of bustling metropolises, Aayush embraces every opportunity to broaden his horizons and create unforgettable experiences. Aayush's journey to success is marked by a relentless pursuit of excellence and a steadfast commitment to continuous learning and growth. His academic achievements are a testament to his dedication and passion for excellence, having completed his software engineering with honors and excelling in every department. At his core, Aayush is driven by a profound passion for analyzing markets and uncovering profitable opportunities amidst volatility. Whether he's poring over price charts, identifying key support and resistance levels, or providing insightful analysis to his clients and followers, Aayush's unwavering dedication to his craft sets him apart as a true industry leader and a beacon of inspiration to aspiring traders around the globe. In a world where uncertainty reigns supreme, Aayush Jindal stands as a guiding light, illuminating the path to financial success with his unparalleled expertise, unwavering integrity, and boundless enthusiasm for the markets.","sameAs":["https:\/\/www.linkedin.com\/in\/aayush-jindal-358b6932\/","https:\/\/x.com\/twitter.com\/AayushJs"],"url":"https:\/\/www.wncen.com\/author\/aayushjindal\/"}]}},"parsely":{"version":"1.1.0","meta":{"@context":"https:\/\/schema.org","@type":"NewsArticle","headline":"Bitcoin Price Turns Green: Poised for a Major Upswing","url":"http:\/\/www.wncen.com\/news\/bitcoin-price-green-70k\/","mainEntityOfPage":{"@type":"WebPage","@id":"http:\/\/www.wncen.com\/news\/bitcoin-price-green-70k\/"},"thumbnailUrl":"https:\/\/www.wncen.com\/wp-content\/uploads\/2024\/06\/Bitcoin-Green.jpg?resize=200%2C200","image":{"@type":"ImageObject","url":"https:\/\/www.wncen.com\/wp-content\/uploads\/2024\/06\/Bitcoin-Green.jpg?fit=1792%2C1024"},"articleSection":"Cryptocurrency Market News","author":[{"@type":"Person","name":"Aayush Jindal"}],"creator":["Aayush Jindal"],"publisher":{"@type":"Organization","name":"NewsBTC","logo":"https:\/\/www.wncen.com\/wp-content\/uploads\/2020\/06\/cropped-cropped-cropped-favicon.png?w=32"},"keywords":["bitcoin","bitcoin price","btcusd","btcusdt","xbtusd"],"dateCreated":"2024-06-05T02:58:04Z","datePublished":"2024-06-05T02:58:04Z","dateModified":"2024-06-11T08:25:14Z"},"rendered":"<script type=\"application\/ld+json\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@type\":\"NewsArticle\",\"headline\":\"Bitcoin Price Turns Green: Poised for a Major Upswing\",\"url\":\"http:\\\/\\\/www.wncen.com\\\/news\\\/bitcoin-price-green-70k\\\/\",\"mainEntityOfPage\":{\"@type\":\"WebPage\",\"@id\":\"http:\\\/\\\/www.wncen.com\\\/news\\\/bitcoin-price-green-70k\\\/\"},\"thumbnailUrl\":\"https:\\\/\\\/www.wncen.com\\\/wp-content\\\/uploads\\\/2024\\\/06\\\/Bitcoin-Green.jpg?resize=200%2C200\",\"image\":{\"@type\":\"ImageObject\",\"url\":\"https:\\\/\\\/www.wncen.com\\\/wp-content\\\/uploads\\\/2024\\\/06\\\/Bitcoin-Green.jpg?fit=1792%2C1024\"},\"articleSection\":\"Cryptocurrency Market News\",\"author\":[{\"@type\":\"Person\",\"name\":\"Aayush Jindal\"}],\"creator\":[\"Aayush Jindal\"],\"publisher\":{\"@type\":\"Organization\",\"name\":\"NewsBTC\",\"logo\":\"https:\\\/\\\/www.wncen.com\\\/wp-content\\\/uploads\\\/2020\\\/06\\\/cropped-cropped-cropped-favicon.png?w=32\"},\"keywords\":[\"bitcoin\",\"bitcoin price\",\"btcusd\",\"btcusdt\",\"xbtusd\"],\"dateCreated\":\"2024-06-05T02:58:04Z\",\"datePublished\":\"2024-06-05T02:58:04Z\",\"dateModified\":\"2024-06-11T08:25:14Z\"}<\/script>","tracker_url":"https:\/\/cdn.parsely.com\/keys\/wncen.com\/p.js"},"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"https:\/\/www.wncen.com\/wp-content\/uploads\/2024\/06\/Bitcoin-Green.jpg?fit=1792%2C1024","amp_enabled":true,"_links":{"self":[{"href":"https:\/\/www.wncen.com\/wp-json\/wp\/v2\/posts\/611455"}],"collection":[{"href":"https:\/\/www.wncen.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.wncen.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.wncen.com\/wp-json\/wp\/v2\/users\/67"}],"replies":[{"embeddable":true,"href":"https:\/\/www.wncen.com\/wp-json\/wp\/v2\/comments?post=611455"}],"version-history":[{"count":0,"href":"https:\/\/www.wncen.com\/wp-json\/wp\/v2\/posts\/611455\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.wncen.com\/wp-json\/wp\/v2\/media\/611457"}],"wp:attachment":[{"href":"https:\/\/www.wncen.com\/wp-json\/wp\/v2\/media?parent=611455"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.wncen.com\/wp-json\/wp\/v2\/categories?post=611455"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.wncen.com\/wp-json\/wp\/v2\/tags?post=611455"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}