• Bitcoin started a fresh increase above the $68,000 zone.
• The price is trading above $70,000 and the 100 hourly Simple moving average.
• There is a connecting bullish trend line forming with support at $68,700 on the hourly chart of the BTC/USD pair (data feed from Kraken).
• The pair is surging and might rise above the $72,000 resistance zone or even to a new all-time high.

Bitcoin Price Starts Fresh Surge

Bitcoin price found support near the $66,500 zone. BTC formed a base and started a fresh increase above the $68,000 resistance. The bulls were able to pump the price above the $70,000 resistance.

The price regained strength and cleared the $70,500 level. It is up over 5% and trading above the $71,000 level. A high was formed at $71,482 and the price is now showing signs of strength. It is well above the 23.6% Fib retracement level of the upward move from the $65,531 swing low to the $71,482 high.

Bitcoin price is now trading above $70,000 and the 100 hourly Simple moving average. On the upside, the price could face resistance near the $71,500 level.

The first key resistance is near the $72,000 level. A clear move above the $72,000 resistance might send the price higher. The next key resistance could be $72,200. A close above the $72,200 resistance might initiate more gains. In the stated case, the price could rise and test the $73,000 resistance level. Any more gains might send the price toward the $74,000 resistance level and a new all-time high. Any more gains might call for a test of $75,000.

Are Dips Supported 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 $70,500 level.

The first major support is near the $68,500 level or the 50% Fib retracement level of the upward move from the $65,531 swing low to the $71,482 high. The next support is now near the $67,800 zone. Any more losses might send the price toward the $66,500 support in the near term.

Technical indicators:

Hourly MACD �The MACD is now gaining pace in the bullish zone.

Hourly RSI (Relative Strength Index) �The RSI for BTC/USD is now above the 50 level.

Major Support Levels �$70,500, followed by $68,500.

Major Resistance Levels �$71,500, and $72,000.

• Bitcoin started a fresh increase from the $65,500 zone.
• The price is trading above $67,200 and the 100 hourly Simple moving average.
• There is a connecting bullish trend line forming with support at $67,400 on the hourly chart of the BTC/USD pair (data feed from Kraken).
• The pair could gain bullish momentum if it clears the $68,750 resistance zone.

Bitcoin Price Eyes More Upsides

Bitcoin price found support near the $65,500 zone. A low was formed at $65,531 and the price started a fresh increase above the $66,200 resistance.

The price climbed above the $67,000 and $67,500 levels. There was a move above the 61.8% Fib retracement level of the downward move from the $68,699 swing high to the $65,531 low. There is also a connecting bullish trend line forming with support at $67,400 on the hourly chart of the BTC/USD pair.

Bitcoin price is now trading above $67,200 and the 100 hourly Simple moving average. On the upside, the price could face resistance near the $68,000 level. It is close to the 76.4% Fib retracement level of the downward move from the $68,699 swing high to the $65,531 low.

The first key resistance is near the $68,500 level. A clear move above the $68,500 resistance might send the price higher. The next key resistance could be $68,750.

A close above the $68,750 resistance might initiate more gains. In the stated case, the price could rise and test the $69,200 resistance level. Any more gains might send the price toward the $70,000 resistance level. Any more gains might call for a test of $71,200.

Another Decline In BTC?

If Bitcoin fails to rise above the $68,000 resistance zone, it could start another decline. Immediate support on the downside is near the $67,400 level and the trend line.

The first major support is near the $67,200 level. The next support is now near the $66,250 zone. Any more losses might send the price toward the $66,000 support in the near term.

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 �$67,400, followed by $67,200.

Major Resistance Levels �$68,000, and $68,750.

• Bitcoin started a fresh increase from the $65,200 zone.
• The price is trading above $67,500 and the 100 hourly Simple moving average.
• There is a new connecting bullish trend line forming with support at $67,450 on the hourly chart of the BTC/USD pair (data feed from Kraken).
• The pair could gain bullish momentum if it clears the $68,800 resistance zone.

Bitcoin Price Starts Fresh Increase

Bitcoin price found support near the $65,200 zone. A low was formed at $65,199 and the price started a fresh increase above the $67,000 resistance.

The price climbed above the $67,500 and $68,000 levels. It even cleared the $68,500 level. A high was formed at $68,794 and the price is now consolidating gains. There was a minor decline below the $68,000 level. The price dipped below the 23.6% Fib retracement level of the upward move from the $65,199 swing low to the $68,794 high.

Bitcoin price is now trading above $67,500 and the 100 hourly Simple moving average. There is also a new connecting bullish trend line forming with support at $67,450 on the hourly chart of the BTC/USD pair.

On the upside, the price could face resistance near the $68,250 level. The first key resistance is near the $68,500 level. A clear move above the $68,500 resistance might send the price higher. The next key resistance could be $68,800.

A close above the $68,800 resistance might initiate more gains. In the stated case, the price could rise and test the $69,500 resistance level. Any more gains might send the price toward the $70,000 resistance level.

Another Decline In BTC?

If Bitcoin fails to rise above the $68,500 resistance zone, it could start another decline. Immediate support on the downside is near the $67,800 level.

The first major support is near the $67,500 level and the trend line. The next support is now near the $67,000 zone and the 50% Fib retracement level of the upward move from the $65,199 swing low to the $68,794 high. Any more losses might send the price toward the $66,000 support in the near term.

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 �$67,500, followed by $67,000.

Major Resistance Levels �$68,500, and $68,800.

• Bitcoin extended losses and tested the $65,200 zone.
• The price is trading below $67,500 and the 100 hourly Simple moving average.
• There was a break above a key bearish trend line with resistance at $66,800 on the hourly chart of the BTC/USD pair (data feed from Kraken).
• The pair could gain bullish momentum if it clears the $67,500 resistance zone.

Bitcoin Price Starts Fresh Increase

Bitcoin price extended its downside correction below the $66,500 level. There was a move below the $66,000 and $65,500 levels. The price even tested the $65,200 support zone.

A low was formed at $65,199 and the price is again rising. There was a clear move above the $66,500 level. The price climbed above the 23.6% Fib retracement level of the downward move from the $69,425 swing high to the $65,199 low. Besides, there was a break above a key bearish trend line with resistance at $66,800 on the hourly chart of the BTC/USD pair.

Bitcoin price is now trading below $67,500 and the 100 hourly Simple moving average. On the upside, the price could face resistance near the $67,300 level or the 50% Fib retracement level of the downward move from the $69,425 swing high to the $65,199 low.

The first key resistance is near the $67,500 level. A clear move above the $67,500 resistance might send the price higher. The next key resistance could be $68,000.

A close above the $68,000 resistance might initiate more gains. In the stated case, the price could rise and test the $69,200 resistance level. Any more gains might send the price toward the $70,000 resistance level.

Another Decline In BTC?

If Bitcoin fails to rise above the $67,500 resistance zone, it could start another decline. Immediate support on the downside is near the $66,500 level.

The first major support is near the $66,200 level. The next support is now near the $66,000 zone. Any more losses might send the price toward the $65,200 support in the near term.

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 �$66,500, followed by $66,200.

Major Resistance Levels �$67,500, and $68,000.

• Bitcoin struggled to test the $70,000 resistance zone and started a downside correction.
• The price is trading below $67,500 and the 100 hourly Simple moving average.
• There is a short-term contracting triangle forming with support at $67,100 on the hourly chart of the BTC/USD pair (data feed from Kraken).
• The pair could start a fresh increase unless there is a close below the $66,500 zone.

Bitcoin Price Starts Consolidation Phase

Bitcoin price struggled to continue higher toward the $70,000 level and started a downside correction. There was a move below the $68,500 and $67,500 levels.

The price even tested the $66,500 support zone. A low was formed at $66,564 and the price is now consolidating losses. There was a minor increase above the $66,850 level. The price climbed above the 23.6% Fib retracement level of the downward move from the $69,427 swing high to the $66,564 low.

Bitcoin price is now trading below $67,500 and the 100 hourly Simple moving average. On the upside, the price could face resistance near the $67,100 level. There is also a short-term contracting triangle forming with support at $67,100 on the hourly chart of the BTC/USD pair.

The first key resistance is near the $68,000 level or the 50% Fib retracement level of the downward move from the $69,427 swing high to the $66,564 low. A clear move above the $68,000 resistance might send the price higher. The next key resistance could be $68,500.

A close above the $68,500 resistance might initiate more gains. In the stated case, the price could rise and test the $69,200 resistance level. Any more gains might send the price toward the $70,000 resistance level.

Another Decline In BTC?

If Bitcoin fails to rise above the $67,100 resistance zone, it could start another decline. Immediate support on the downside is near the $66,800 level.

The first major support is near the $66,500 level. The next support is now near the $66,200 zone. Any more losses might send the price toward the $65,500 support in the near term.

Technical indicators:

Hourly MACD �The MACD is now losing pace in the bearish zone.

Hourly RSI (Relative Strength Index) �The RSI for BTC/USD is now below the 50 level.

Major Support Levels �$66,800, followed by $66,500.

Major Resistance Levels �$67,100, and $68,000.

• Bitcoin struggled to test the $70,000 resistance zone and corrected some gains.
• The price is trading below $68,500 and the 100 hourly Simple moving average.
• There was a break below key contracting triangle with support at $68,500 on the hourly chart of the BTC/USD pair (data feed from Kraken).
• The pair could start a fresh increase unless there is a close below the $66,500 zone.

Bitcoin Price Dips To Support

Bitcoin price remained supported above the $66,500 zone. BTC started another minor increase above the $68,500 resistance zone. The bulls were able to clear the $69,200 barrier.

However, there was no test of the $70,000 resistance zone. A high was formed near $69,428 and the price is now correcting gains. There was a minor decline below the $68,000 level. There was a break below key contracting triangle with support at $68,500 on the hourly chart of the BTC/USD pair.

The pair tested the $66,500 support. It is now consolidating above the 23.6% Fib retracement level of the downward move from the $69,428 swing high to the $66,564 low.

Bitcoin price is now trading below $68,500 and the 100 hourly Simple moving average. On the upside, the price could face resistance near the $68,000 level or the 50% Fib retracement level of the downward move from the $69,428 swing high to the $66,564 low.

The first key resistance is near the $68,750 level. A clear move above the $68,750 resistance might send the price higher. The next key resistance could be $69,200. A close above the $69,200 resistance might initiate more gains. In the stated case, the price could rise and test the $70,000 resistance level. Any more gains might send the price toward the $70,500 resistance level.

More Losses In BTC?

If Bitcoin fails to rise above the $68,000 resistance zone, it could start another decline. Immediate support on the downside is near the $67,000 level.

The first major support is near the $66,800 level. The next support is now near the $66,500 zone. Any more losses might send the price toward the $65,500 support in the near term.

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 below the 50 level.

Major Support Levels �$66,800, followed by $66,500.

Major Resistance Levels �$68,000, and $68,500.

• Bitcoin remained stable and extended gains above the $68,500 zone.
• The price is trading above $68,500 and the 100 hourly Simple moving average.
• There is a key contracting triangle forming with support at $68,750 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 $69,450 resistance zone.

Bitcoin Price Rises Toward $70,000

Bitcoin price remained supported above the $67,500 zone. BTC started another minor increase above the $68,000 resistance zone. The bulls were able to clear the $68,800 barrier.

The price even cleared the $69,000 level. A high was formed near $69,428 and the price is now consolidating gains. There was a minor decline below the $69,000 level, but the price is stable above the 23.6% Fib retracement level of the upward move from the $66,644 swing low to the $69,428 high.

Bitcoin price is now trading above $68,200 and the 100 hourly Simple moving average. There is also a key contracting triangle forming with support at $68,750 on the hourly chart of the BTC/USD pair.

On the upside, the price could face resistance near the $69,200 level. The first key resistance is near the $69,500 level. A clear move above the $69,500 resistance might send the price higher. The next key resistance could be $70,000.

A close above the $70,000 resistance might initiate more gains. In the stated case, the price could rise and test the $71,200 resistance level. Any more gains might send the price toward the $72,000 resistance level.

Another Decline In BTC?

If Bitcoin fails to rise above the $69,500 resistance zone, it could start another decline. Immediate support on the downside is near the $68,750 level and the triangle’s trend line.

The first major support is near the $68,050 level and the 50% Fib retracement level of the upward move from the $66,644 swing low to the $69,428 high. The next support is now near the $67,400 zone. Any more losses might send the price toward the $66,500 support in the near term.

Technical indicators:

Hourly MACD �The MACD is now gaining pace in the bullish zone.

Hourly RSI (Relative Strength Index) �The RSI for BTC/USD is now above the 50 level.

Major Support Levels �$68,750, followed by $68,500.

Major Resistance Levels �$69,500, and $70,000.

• Bitcoin remained stable and extended gains above the $67,500 zone.
• The price is trading above $67,400 and the 100 hourly Simple moving average.
• There is a key bullish trend line forming with support at $67,400 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 $68,200 resistance zone.

Bitcoin Price Eyes More Upsides

Bitcoin price remained supported above the $67,000 pivot zone. BTC remained in a range and the bulls were active above the $66,500 level. There was a minor pullback from the last high of $68,328.

The price declined below the $67,000 level. There was a drop below the 23.6% Fib retracement level of the upward move from the $64,685 swing low to the $68,328 high. However, the bulls were active above the $66,500 level. There is also a key bullish trend line forming with support at $67,400 on the hourly chart of the BTC/USD pair.

Bitcoin price is now trading above $67,200 and the 100 hourly Simple moving average. On the upside, the price could face resistance near the $68,000 level. The first key resistance is near the $68,200 level. A clear move above the $68,200 resistance might send the price higher. The next key resistance could be $68,850.

A close above the $68,850 resistance might initiate more gains. In the stated case, the price could rise and test the $71,650 resistance level. Any more gains might send the price toward the $72,000 resistance level.

Another Drop In BTC?

If Bitcoin fails to rise above the $68,000 resistance zone, it could start another decline. Immediate support on the downside is near the $67,200 level and the trend line.

The first major support is near the $66,500 level and the 50% Fib retracement level of the upward move from the $64,685 swing low to the $68,328 high. The next support is now near the $66,000 zone. Any more losses might send the price toward the $65,500 support in the near term.

Technical indicators:

Hourly MACD �The MACD is now gaining pace in the bullish zone.

Hourly RSI (Relative Strength Index) �The RSI for BTC/USD is now above the 50 level.

Major Support Levels �$67,200, followed by $66,500.

Major Resistance Levels �$68,000, and $68,200.

• Bitcoin remained stable and extended gains above the $68,000 zone.
• The price is trading above $67,200 and the 100 hourly Simple moving average.
• There is a connecting bullish trend line forming with support at $66,800 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 $68,000 resistance zone.

Bitcoin Price Remains Supported for More Upsides

Bitcoin price remained supported and extended its increase above the $67,500 resistance. BTC cleared the $67,800 resistance to move into a positive zone. The price even rallied above the $68,000 and $68,200 resistance levels.

The price traded as high as $68,328 and currently consolidating gains. There was a minor decline below the $68,000 level. The price dipped and tested the 23.6% Fib retracement level of the upward move from the $64,686 swing low to the $68,328 high.

Bitcoin price is now trading above $67,200 and the 100 hourly Simple moving average. There is also a connecting bullish trend line forming with support at $66,800 on the hourly chart of the BTC/USD pair.

On the upside, the price could face resistance near the $68,000 level. The first key resistance is near the $68,350 level. A clear move above the $68,350 resistance might send the price higher. The next key resistance could be $68,800.

A close above the $68,800 resistance might initiate more gains. In the stated case, the price could rise and test the $70,0200 resistance level. Any more gains might send the price toward the $72,000 resistance level.

Another Drop In BTC?

If Bitcoin fails to rise above the $68,000 resistance zone, it could start another decline. Immediate support on the downside is near the $66,800 level and the trend line.

The first major support is near the $66,500 level and the 50% Fib retracement level of the upward move from the $64,686 swing low to the $68,328 high. The next support is now near the $66,500 zone. Any more losses might send the price toward the $65,400 support in the near term.

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 �$66,800, followed by $65,400.

Major Resistance Levels �$68,000, and $68,350.

• Bitcoin is up over 7% and now shows a lot of positive signs.
• The price is trading above $66,500 and the 100 hourly Simple moving average.
• There is a connecting bullish trend line forming with support at $66,400 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 $68,000 resistance zone.

Bitcoin Price Surges Over 8%

Bitcoin price remained supported and started a fresh increase above the $65,500 resistance. BTC cleared the $66,500 resistance to move into a positive zone. The price even rallied above the $67,000 and $67,500 resistance levels.

Recently, there was a downside correction to $64,500. A low was formed at $64,686 and the price is again rising. There was a move above the $66,500 resistance. The price climbed above the 50% Fib retracement level of the downside correction from the $67,871 swing high to the $64,686 low.

Bitcoin price is now trading above $66,000 and the 100 hourly Simple moving average. There is also a connecting bullish trend line forming with support at $66,400 on the hourly chart of the BTC/USD pair.

On the upside, the price could face resistance near the $67,400 level. The first key resistance is near the $67,800 level. A clear move above the $67,800 resistance might send the price higher. The next key resistance could be $68,800.

A close above the $68,800 resistance might initiate more gains. In the stated case, the price could rise and test the $69,500 resistance level. Any more gains might send the price toward the $70,000 resistance level.

Another Decline In BTC?

If Bitcoin fails to rise above the $67,800 resistance zone, it could start another decline. Immediate support on the downside is near the $66,400 level and the trend line.

The first major support is near the $65,500 level. The next support is now near the $64,500 zone. Any more losses might send the price toward the $63,200 support in the near term.

Technical indicators:

Hourly MACD �The MACD is now gaining pace in the bullish zone.

Hourly RSI (Relative Strength Index) �The RSI for BTC/USD is now above the 50 level.

Major Support Levels �$66,400, followed by $65,500.

Major Resistance Levels �$67,800, and $68,800.