{"id":9226,"date":"2024-09-25T02:39:05","date_gmt":"2024-09-25T02:39:05","guid":{"rendered":"https:\/\/mycryptomania.com\/?p=9226"},"modified":"2024-09-25T02:39:05","modified_gmt":"2024-09-25T02:39:05","slug":"bitcoin-price-targets-higher-levels-can-the-momentum-hold","status":"publish","type":"post","link":"https:\/\/mycryptomania.com\/?p=9226","title":{"rendered":"Bitcoin Price Targets Higher Levels: Can the Momentum Hold?"},"content":{"rendered":"

Bitcoin price is again rising above the $63,800 resistance. BTC could gain pace if it clears the $64,750 resistance zone and then $65,000.<\/em><\/p>\n

Bitcoin is aiming for more gains above the $64,800 zone.
\nThe price is trading above $63,650 and the 100 hourly Simple moving average.
\nThere was a break above a short-term contracting triangle with resistance at $63,750 on the hourly chart of the BTC\/USD pair (data feed from Kraken).
\nThe pair could extend gains if it breaks the $64,750 resistance zone.<\/p>\n

Bitcoin Price Could Surpass $65,000<\/h2>\n

Bitcoin price started another increase<\/a> from the $62,500 zone. BTC was able to clear the $63,500 and $63,800 resistance levels. The bulls even pushed the price toward the $64,750 level.<\/p>\n

There was a break above a short-term contracting triangle with resistance at $63,750 on the hourly chart of the BTC\/USD pair. A high was formed at $64,770 and the price is now correcting gains. There was a drop below the $64,600 and $64,400 support levels.<\/p>\n

The price dipped below the 23.6% Fib retracement level of the upward move from the $62,761 swing low to the $64,770 high. Bitcoin is now trading above $63,800 and the 100 hourly Simple moving average<\/a>.<\/p>\n

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

If there is a fresh increase, the price could face resistance near the $64,750 level. The first key resistance is near the $65,000 level. A clear move above the $65,000 resistance might send the price higher. The next key resistance could be $65,500. A close above the $65,500 resistance might spark more upsides. In the stated case, the price could rise and test the $66,800 resistance.<\/p>\n

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

If Bitcoin fails to rise above the $64,750 resistance zone, it could continue to move down. Immediate support on the downside is near the $63,750 level and the 50% Fib retracement level of the upward move from the $62,761 swing low to the $64,770 high.<\/p>\n

The first major support is near the $63,250 level. The next support is now near the $62,500 zone. Any more losses might send the price toward the $61,200 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 $63,750, followed by $62,500.<\/p>\n

Major Resistance Levels \u2013 $66,750, and $65,000.<\/p>","protected":false},"excerpt":{"rendered":"

Bitcoin price is again rising above the $63,800 resistance. BTC could gain pace if it clears the $64,750 resistance zone and then $65,000. Bitcoin is aiming for more gains above the $64,800 zone. The price is trading above $63,650 and the 100 hourly Simple moving average. There was a break above a short-term contracting triangle […]<\/p>\n","protected":false},"author":0,"featured_media":9227,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-9226","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\/9226"}],"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=9226"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/9226\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/media\/9227"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=9226"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=9226"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=9226"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}