{"id":18509,"date":"2024-11-07T02:44:26","date_gmt":"2024-11-07T02:44:26","guid":{"rendered":"https:\/\/mycryptomania.com\/?p=18509"},"modified":"2024-11-07T02:44:26","modified_gmt":"2024-11-07T02:44:26","slug":"bitcoin-price-pushes-rally-further-bulls-in-full-force","status":"publish","type":"post","link":"https:\/\/mycryptomania.com\/?p=18509","title":{"rendered":"Bitcoin Price Pushes Rally Further: Bulls in Full Force"},"content":{"rendered":"

Bitcoin price is gaining pace above $74,000. BTC is trading in a bullish zone and might rise further above the $76,500 resistance zone.<\/em><\/p>\n

Bitcoin started a fresh surge above the $73,500 zone.
\nThe price is trading above $73,000 and the 100 hourly Simple moving average.
\nThere is a connecting bullish trend line forming with support at $75,250 on the hourly chart of the BTC\/USD pair (data feed from Kraken).
\nThe pair could continue to rise above the $76,000 resistance zone.<\/p>\n

Bitcoin Price Extends Rally<\/h2>\n

Bitcoin price started a fresh surge<\/a> above the $73,500 level. BTC even cleared the $75,000 resistance and traded to a new all-time high. It posted a high at $76,457 and is currently consolidating gains.<\/p>\n

There was a minor decline below the $76,000 level. The price dipped below the 23.6% Fib retracement level of the upward move from the $72,747 swing low to the $76,457 high. However, the price is still in a positive zone above the $73,500 level.<\/p>\n

Bitcoin price is now trading above $74,000 and the 100 hourly Simple moving average<\/a>. There is also a connecting bullish trend line forming with support at $75,250 on the hourly chart of the BTC\/USD pair.<\/p>\n

On the upside, the price could face resistance near the $75,800 level. The first key resistance is near the $76,000 level. A clear move above the $76,000 resistance might send the price higher. The next key resistance could be $76,500.<\/p>\n

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

A close above the $76,500 resistance might initiate more gains. In the stated case, the price could rise and test the $78,000 resistance level. Any more gains might send the price toward the $78,800 resistance level.<\/p>\n

Are Dips Supported In BTC?<\/h2>\n

If Bitcoin fails to rise above the $76,000 resistance zone, it could continue to move down. Immediate support on the downside is near the $75,250 level and the trend line.<\/p>\n

The first major support is near the $74,150 level or the 61.8% Fib retracement level of the upward move from the $72,747 swing low to the $76,457 high. The next support is now near the $73,500 zone. Any more losses might send the price toward the $72,000 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 $75,250, followed by $74,150.<\/p>\n

Major Resistance Levels \u2013 $76,000, and $76,500.<\/p>","protected":false},"excerpt":{"rendered":"

Bitcoin price is gaining pace above $74,000. BTC is trading in a bullish zone and might rise further above the $76,500 resistance zone. Bitcoin started a fresh surge above the $73,500 zone. The price is trading above $73,000 and the 100 hourly Simple moving average. There is a connecting bullish trend line forming with support […]<\/p>\n","protected":false},"author":0,"featured_media":18510,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-18509","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\/18509"}],"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=18509"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/18509\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/media\/18510"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=18509"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=18509"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=18509"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}