The Struggle Between Rise and Fall

Bitcoin's struggle with the $68,000 resistance level led to the price falling back to $66,000. However, the price rose again soon after and faced a resistance level at $66,500. Bitcoin, which recently exceeded the $ 65,000 level, reached the $ 66,000 and $ 67,000 levels, but its rise was limited by the resistance at $ 68,000. Although Bitcoin is currently trading above $66,000, it is below its 100 hourly simple moving average.

Support and Resistance Levels

If $66,500, which is an important resistance point for Bitcoin, is exceeded, $67,000 and $68,000 levels can be targeted. A higher target can be seen as $70,000. While the first major support level for Bitcoin is $63,500, the $62,000 and $60,500 levels stand out as support in case of a larger decline.

Technical indicators show that the hourly MACD is in the bullish zone and the hourly RSI is below the 60 level for BTC/USD, which could be a signal of a possible rise. While there are $64,500 and $63,500 among the support levels that investors should follow, the levels of $66,500, 67,000 and $68,000 should be watched carefully during the rise.

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