Bitcoin (BTC) PRICE NOW: $61,223.9400000024h change: -0.71% Ethereum (ETH) PRICE NOW: $3,854.9700000024h change: 0.11% Binance Coin (BNB) PRICE NOW: $464.3000000024h change: -2.37% Cardano (ADA) PRICE NOW: $2.1760000024h change: -2.22% XRP (XRP) PRICE NOW: $1.1336000024h change: -0.73% Solana (SOL) PRICE NOW: $160.0300000024h change: 0.02% Polkadot (DOT) PRICE NOW: $42.2500000024h change: -4.03% USD Coin (USDC) PRICE NOW: $0.9999000024h change: 0.10% Dogecoin (DOGE) PRICE NOW: $0.2366000024h change: -1.07% Terra (LUNA) PRICE NOW: $36.8000000024h change: -1.74% Uniswap (UNI) PRICE NOW: $26.5200000024h change: 1.83% Wrapped Bitcoin (WBTC) PRICE NOW: $61,373.0000000024h change: 0.26% Binance USD (BUSD) PRICE NOW: $1.0000000024h change: 0.08% Litecoin (LTC) PRICE NOW: $186.8000000024h change: -2.08% SHIBA INU (SHIB) PRICE NOW: $0.0000257624h change: 1.85%
Trollbox

Bitcoin is showing positive signs above the $57,000 level against the US Dollar. BTC could gain pace and it might even test the $60,000 resistance zone. Bitcoin started a fresh increase and it broke the $58,500 level. The price is now trading above $58,000 and the 100 hourly simple moving average. There was a break above a key declining channel with resistance near $58,000 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could continue higher towards the $60,000 level in the near term. Bitcoin Price Remains In Uptrend Bitcoin price corrected a few points below the $58,000 level. However, downsides were limited below $57,000 and BTC started a fresh increase. The price traded as low as $56,888 and started a fresh increase. It surpassed the $57,500 and $58,000 resistance levels. There was a break above a key declining channel with resistance near $58,000 on the hourly chart of the BTC/USD pair. The pair is now trading above $58,000 and the 100 hourly simple moving average. It is now trading near the $59,000 zone. Besides, the price is testing the 1.236 Fib extension level of the downside correction from the $58,580 swing high to $56,888 low. On the upside, an initial resistance is near the $59,500 level. The first key resistance is near the $59,650 level. It is near the 1.618 Fib extension level of the downside correction from the $58,580 swing high to $56,888 low. Source: BTCUSD on TradingView.com A clear break above the $59,650 resistance could open the doors for more upsides. The next major resistance sits near the $60,000 level, above which the price might surge towards the $62,000 level in the near term. Dips Limited In BTC? If bitcoin fails to clear the $59,500 resistance zone, it could start a downside correction. An immediate support on the downside is near the $58,200 level. The first major support is now forming near the $58,000 level (the recent breakout zone). A downside break below the $58,000 level could spark a larger decline. The next major support is now near the $56,800 level and the 100 hourly SMA. 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 60 level. Major Support Levels – $58,200, followed by $58,000. Major Resistance Levels – $59,650, $60,000 and $62,000.

a

a

a

a

a

a

Read More