Notice: Function _load_textdomain_just_in_time was called incorrectly. Translation loading for the multisite-clone-duplicator domain was triggered too early. This is usually an indicator for some code in the plugin or theme running too early. Translations should be loaded at the init action or later. Please see Debugging in WordPress for more information. (This message was added in version 6.7.0.) in /var/www/wp-includes/functions.php on line 6114
[www-stage.newsbtc.com/analysis/btc/bitcoin-price-eases-highs-64200/amp/]
[wp-includes/functions.php:6114 trigger_error(), wp-includes/functions.php:6054 wp_trigger_error(), wp-includes/l10n.php:1370 _doing_it_wrong(), wp-includes/l10n.php:1408 _load_textdomain_just_in_time(), wp-includes/l10n.php:194 get_translations_for_domain(), wp-includes/l10n.php:306 translate(), wp-content/plugins/multisite-clone-duplicator/include/lang.php:6 __(), wp-content/plugins/multisite-clone-duplicator/multisite-clone-duplicator.php:32 require_once('wp-content/plugins/multisite-clone-duplicator/include/lang.php'), wp-settings.php:471 include_once('wp-content/plugins/multisite-clone-duplicator/multisite-clone-duplicator.php'), wp-config.php:53 require_once('wp-settings.php'), wp-load.php:50 require_once('wp-config.php'), wp-blog-header.php:13 require_once('wp-load.php'), index.php:17 require('wp-blog-header.php')]

Bitcoin Price Eases Off Highs: Will Gains Be Cut Further?

Bitcoin Price Eases Off Highs: Will Gains Be Cut Further?

Bitcoin Price Eases Off Highs

Bitcoin Price Eases Off Highs

Bitcoin price gained pace above the $63,500 resistance. BTC tested the $64,800 zone and is currently correcting gains.

Bitcoin Price Starts Pullback

Bitcoin price extended its increase above the $63,500 level. BTC was able to clear the $63,800 and $64,200 resistance levels to move further into a positive zone.

The bulls even pushed the price above the $64,500 level. A high was formed at $64,777 and the price is now correcting gains. There was a drop below the $64,000 and $63,500 support levels. The price dipped below the 61.8% Fib retracement level of the upward move from the $62,440 swing low to the $64,777 high.

Bitcoin is now trading below $63,500 and the 100 hourly Simple moving average. It is also below the 76.4% Fib retracement level of the upward move from the $62,440 swing low to the $64,777 high.

If there is a fresh increase, the price could face resistance near the $63,250 level. There is also a connecting bearish trend line forming with resistance at $63,240 on the hourly chart of the BTC/USD pair. The first key resistance is near the $63,500 level. A clear move above the $63,500 resistance might send the price higher.

Source: BTCUSD on TradingView.com

The next key resistance could be $64,200. A close above the $64,200 resistance might spark more upsides. In the stated case, the price could rise and test the $64,750 resistance.

More Downsides In BTC?

If Bitcoin fails to rise above the $63,500 resistance zone, it could continue to move down. Immediate support on the downside is near the $62,750 level.

The first major support is $62,450. The next support is now near the $62,000 zone. Any more losses might send the price toward the $61,200 support in the near term.

Technical indicators:

Hourly MACD – The MACD is now gaining pace in the bearish zone.

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

Major Support Levels – $62,750, followed by $62,450.

Major Resistance Levels – $63,500, and $64,200.

Exit mobile version