NEXT SURGE OF BITCOIN WILL PUSH IT OVER $70,000, POTENTIA | CRYPTO PRICE TRENDS en Binance Square

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CRYPTO PRICE TRENDS

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 NEXT SURGE OF BITCOIN WILL PUSH IT OVER $70,000, 
POTENTIALLY LANDING IN THE $77,000-$80,000 RANGE. 

A REMINDER TO THE COMMUNITY: STEER CLEAR OF LEVERAGING TOO MUCH DURING THIS TIME. 

PATIENCE IS KEY.#Write2Earn‬ #BTCUSDT. 

Aviso legal: Se incluyen opiniones de terceros. Esto no representa una asesoría financiera. Puede haber contenido patrocinado. Lee los TyC.

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BITCOIN PRICE SETS ANOTHER ATH Bitcoin price started a fresh increase above the $76,500 level. BTC cleared the $78,000 resistance and traded to a new all-time high. It posted a high at $81,700 and is currently consolidating gains. There was a minor decline below the $81,500 level. However, the price is still well above the 23.6% Fib retracement level of the upward move from the $75,785 swing low to the $81,700 high. There is also a connecting bullish trend line forming with support at $80,250 on the hourly chart of the BTC/USD pair. Bitcoin price is now trading above $80,000 and the 100 hourly Simple moving average. On the upside, the price could face resistance near the $81,700 level. The first key resistance is near the $82,000 level. A clear move above the $82,000 resistance might send the price higher. The next key resistance could be $82,500. A close above the $82,500 resistance might initiate more gains. In the stated case, the price could rise and test the $83,800 resistance level. Any more gains might send the price toward the $85,000 resistance level. ARE DIPS SUPPORTED IN BTC If Bitcoin fails to rise above the $81,700 resistance zone, it could start a downside correction. Immediate support on the downside is near the $80,250 level and the trend line. The first major support is near the $78,750 level or the 50% Fib retracement level of the upward move from the $75,785 swing low to the $81,700 high. The next support is now near the $77,500 zone. Any more losses might send the price toward the $76,500 support in the near term. 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 50 level. Major Support Levels – $80,250, followed by $78,750. Major Resistance Levels – $81,700, and $82,500.

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Bitcoin Price Eyes More Upsides Bitcoin price found support near the $65,500 zone. A low was formed at $65,531 and the price started a fresh increase above the $66,200 resistance. The price climbed above the $67,000 and $67,500 levels. There was a move above the 61.8% Fib retracement level of the downward move from the $68,699 swing high to the $65,531 low. There is also a connecting bullish trend line forming with support at $67,400 on the hourly chart of the BTC/USD pair. Bitcoin price is now trading above $67,200 and the 100 hourly Simple moving average. On the upside, the price could face resistance near the $68,000 level. It is close to the 76.4% Fib retracement level of the downward move from the $68,699 swing high to the $65,531 low. The first key resistance is near the $68,500 level. A clear move above the $68,500 resistance might send the price higher. The next key resistance could be $68,750. A close above the $68,750 resistance might initiate more gains. In the stated case, the price could rise and test the $69,200 resistance level. Any more gains might send the price toward the $70,000 resistance level. Any more gains might call for a test of $71,200. Another Decline In BTC? If Bitcoin fails to rise above the $68,000 resistance zone, it could start another decline. Immediate support on the downside is near the $67,400 level and the trend line. The first major support is near the $67,200 level. The next support is now near the $66,250 zone. Any more losses might send the price toward the $66,000 support in the near term. $BTC

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TRON PRICE REMAINS SUPPORTED Recently, Bitcoin and Ethereum saw a fresh decline below $62,000 and $2,400 respectively. However, Tron price remained stable above the $0.1560 support. The price climbed higher above the $0.160 resistance level. A high was formed at $0.1618 and recently there was a downside correction. The price dipped below the $0.1600 level. There was a move below the 23.6% Fib retracement level of the upward move from the $0.1555 swing low to the $0.1618 high. TRX price is now trading above $0.1580 and the 100-hourly simple moving average. There is also a key bullish trend line forming with support at $0.1585 on the hourly chart of the TRX/USD pair. The trend line is close to the 50% Fib retracement level of the upward move from the $0.1555 swing low to the $0.1618 high. On the upside, an initial resistance is near the $0.160 level. The first major resistance is near $0.1620, above which the price could accelerate higher. The next resistance is $0.1650. A close above the $0.1650 resistance might send TRX further higher toward $0.1685. The next major resistance is near the $0.1700 level, above which the bulls are likely to aim for a larger increase toward $0.1720 in the near term. ARE DIPS SUPPORTED IN TRX? If TRX price fails to clear the $0.1600 resistance, it could start a downside correction. Initial support on the downside is near the $0.1585 zone and the trend line. The first major support is near the $0.1570 level, below which it could test $0.1550. Any more losses might send Tron toward the $0.1520 support in the coming sessions. TECHNICAL INDICATORS Hourly MACD – The MACD for TRX/USD is losing momentum in the bullish zone. Hourly RSI (Relative Strength Index) – The RSI for TRX/USD is currently below the 50 level. Major Support Levels – $0.1585 and $0.1570. Major Resistance Levels – $0.1600 and $0.1620.$BTC

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XRP PRICE DIPS FURTHER XRP price failed to start a fresh increase above the $0.5350 resistance. It started another decline and traded below the $0.5250 support level. However, losses were limited compared to Bitcoin and Ethereum. A low was formed at $0.5210 and the price is now consolidating losses. There was a minor increase within a range and the price climbed above the $0.5250 resistance. The price cleared the 23.6% Fib retracement level of the downward wave from the $0.5354 swing high to the $0.5210 low. The price is now trading below $0.5320 and the 100-hourly Simple Moving Average. If there is another increase, the price might face resistance near the $0.5300 level. There is also a connecting bearish trend line forming with resistance at $0.5285 on the hourly chart of the XRP/USD pair. It is close to the 50% Fib retracement level of the downward wave from the $0.5354 swing high to the $0.5210 low. The first major resistance is near the $0.5350 level. The next key resistance could be $0.5450. A clear move above the $0.5450 resistance might send the price toward the $0.5500 resistance. Any more gains might send the price toward the $0.5650 resistance or even $0.580 in the near term. The next major hurdle might be $0.600. MORE LOSSES? If XRP fails to clear the $0.5350 resistance zone, it could start another decline. Initial support on the downside is near the $0.5220 level. The next major support is near the $0.520 level. If there is a downside break and a close below the $0.520 level, the price might continue to decline toward the $0.5150 support in the near term. The next major support sits near the $0.5080 zone. TECHNICAL INDICATORS Hourly MACD – The MACD for XRP/USD is now losing pace in the bearish zone. Hourly RSI (Relative Strength Index) – The RSI for XRP/USD is now below the 50 level. Major Support Levels – $0.5220 and $0.5200. Major Resistance Levels – $0.5350 and $0.5450. $BTC

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BITCOIN PRICE DIPS FURTHER Bitcoin price failed to start a fresh increase above $63,000 and started a fresh decline. BTC traded below the $62,500 and $61,500 levels. It even broke the $60,500 support. A low was formed at $60,300 and the price is now consolidating losses. There was a minor increase above the $60,550 level. However, the price is still well below the 23.6% Fib retracement level of the recent decline from the $64,420 swing high to the $60,300 low. Bitcoin price is now trading below $61,500 and the 100 hourly Simple moving average. On the upside, the price could face resistance near the $61,200 level. There is also a connecting bearish trend line forming with resistance at $61,250 on the hourly chart of the BTC/USD pair. The first key resistance is near the $62,350 level or the 50% Fib retracement level of the recent decline from the $64,420 swing high to the $60,300 low. A clear move above the $62,350 resistance might send the price higher. The next key resistance could be $63,200. A close above the $63,200 resistance might initiate more gains. In the stated case, the price could rise and test the $64,000 resistance level. Any more gains might send the price toward the $65,000 resistance level. MORE LOSSES IN BTC? If Bitcoin fails to rise above the $61,250 resistance zone, it could start another decline. Immediate support on the downside is near the $60,300 level. The first major support is near the $60,000 level. The next support is now near the $59,500 zone. Any more losses might send the price toward the $58,400 support in the near term. TECHNICAL INDICATORS: Hourly MACD – The MACD is now gaining pace in the bearish zone. Hourly RSI (Relative Strength Index) – The RSI for BTC/USD is now below the 50 level. Major Support Levels – $60,300, followed by $60,000. Major Resistance Levels – $61,250, and $62,350. $BTC

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