{"id":14701,"date":"2024-10-18T02:44:25","date_gmt":"2024-10-18T02:44:25","guid":{"rendered":"https:\/\/mycryptomania.com\/?p=14701"},"modified":"2024-10-18T02:44:25","modified_gmt":"2024-10-18T02:44:25","slug":"bitcoin-price-positioned-for-more-upside-can-it-keep-climbing","status":"publish","type":"post","link":"https:\/\/mycryptomania.com\/?p=14701","title":{"rendered":"Bitcoin Price Positioned for More Upside: Can It Keep Climbing?"},"content":{"rendered":"

Bitcoin price holding gains above the $67,000 resistance zone. BTC is now consolidating and aiming for more gains above the $68,350 resistance.<\/em><\/p>\n

Bitcoin remained stable and extended gains above the $67,500 zone.
\nThe price is trading above $67,400 and the 100 hourly Simple moving average.
\nThere 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).
\nThe pair could rally further if there is a close above the $68,200 resistance zone.<\/p>\n

Bitcoin Price Eyes More Upsides<\/h2>\n

Bitcoin price remained supported above the $67,000 pivot zone<\/a>. 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.<\/p>\n

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.<\/p>\n

Bitcoin price is now trading above $67,200 and the 100 hourly Simple moving average<\/a>. 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.<\/p>\n

<\/a><\/p>\n

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.<\/p>\n

Another Drop In BTC?<\/h2>\n

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.<\/p>\n

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.<\/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 $67,200, followed by $66,500.<\/p>\n

Major Resistance Levels \u2013 $68,000, and $68,200.<\/p>","protected":false},"excerpt":{"rendered":"

Bitcoin price holding gains above the $67,000 resistance zone. BTC is now consolidating and aiming for more gains above the $68,350 resistance. 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 […]<\/p>\n","protected":false},"author":0,"featured_media":14702,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-14701","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-discovery"],"_links":{"self":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/14701"}],"collection":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=14701"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/14701\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/media\/14702"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=14701"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=14701"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=14701"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}