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In the last few days, Bitcoin price has continued to rise and broke through the resistance level of $60,000 against the US Dollar. As BTC has been showing promising signs, the price may continue to grow towards $65,000.
- Bitcoin traded as high as $61,800 and climbed above the $60,000 mark.
- In the current market, the price soared above $60,000.
- The 4-hour chart of BTC/USD (data feed from Kraken) shows a bullish trend line with support near $58,500.
- It would not be surprising to see dips below $58,000 in the short term and corrections are likely to be contained below that level. Even more so, the Bitcoin/USD pair breached the $58,000 level and settled above the 100 simple moving average (4 hours).Around the middle of last week, bitcoin price surged above the $55,000 resistance against the US Dollar.
Even more so, the Bitcoin/USD pair breached the $58,000 level and settled above the 100 simple moving average (4 hours).
This past week, bitcoin price started a steady increase above the $55,000 resistance against the US Dollar. Over those resistance levels there was an aggressive rise.5 BTC + 300 Free Spins exclusively for new players and 15 BTC + 35.000 Source: BTCUSD on TradingView.comCoin price is gaining momentum and it broke the US Dollar resistance of $60,000 just a short time ago.
Almost $60,000 is an initial support level for the downside. It spiked above the $61,000 level and traded to a new all-time high near $61,800. There was a strong increase above the $58,500 and $60,000 resistance levels.
In addition, a key bullish trend line is set up with support at $58,500 on the 4-hours chart of the BTC/USD pair. More losses might push the price towards $58,000 and $57,200 support levels.Bitcoin has a limited downside?On the upside, the $61,500 and $61,800 resistance levels may act as an initial hurdle for bulls. If prices break above $61,800, then a move towards the $62,500 level is likely. Near the $65,000 level stands major resistance. ??
Source: BTCUSD on TradingView.com
Coin price is gaining momentum and it broke the US Dollar resistance of $60,000 just a short time ago. As BTC continues to rise, it may reach $65,000. A new all-time high was reached near $61,800, pushing Bitcoin above the $60,000 level. The price of the currency is now above the $60,000 and the 200 SMAs (4-hour).
On the 4-hour chart of the BTC/USD pair (data feed from Kraken), the key trend line of bullishness is forming with support at $58,500.
A dip below $58,000 is not likely in the near term, barring a correction.The Bitcoin price surgesThis past week, bitcoin price began rising steadily above the $55,000 resistance against the US Dollar. Bitcoin/USD broke even the $58,000 level and closed above the four-hour simple moving average (100 SMA) .
The next major resistance is near the $65,000 level. A strong uptrend took place above resistance levels of $58,500 and $60,000.5 BTC + 300Free Spins for new players, & 15 BTC + 35.000 Free Spins every month, only at mBitcasino.
Technical indicators
4 hours MACD – The MACD for BTC/USD is gaining bullish momentum in the bullish zone.
The bitcoin price seemed vulnerable to a strong selling interest around $61,800.
Price correction lower below the $61,000 level is currently taking place.
Major Resistance Level – $58,500
