Bitcoin (BTC) Price Flashes Bullish Signs After Fed Cut, but Has a Long Climb Ahead

CoinChapter · 2024-09-19T05:03:07.000Z

Key Takeaways: Bitcoin gained bullish momentum after the Fed surprised with a 0.50% rate cut. BTC/USD cleared a connecting bearish trend line with resistance at $60,800 on the daily chart. The price still faced many hurdles near $63,500, $65,000, and $68,000. Bitcoin price is showing positive signs above $60,000. BTC might climb higher, but it faces an uphill task near $65,000 and $68,000. Bitcoin Price Upside Could Soon Fade In the past few days, Bitcoin price saw a decent upward move above the $58,000 resistance zone. Recently, it struggled to settle above the $60,000 resistance zone. However, yesterday’s rate cut of 50 bps by the Fed sparked an upside break. Federal Open Market Committee statement: https://t.co/WdWoB5Wf7M #FOMC — Federal Reserve (@federalreserve) September 18, 2024 BTC cleared a connecting bearish trend line with resistance at $60,800 on the daily chart. The price surpassed the 61.8% Fib retracement level of the downward wave from the $65,200 swing high to the $52,756 low. Bitcoin price daily chart | Source: BTC/USD on TradingView.com Bitcoin price is now showing positive signs above the $60,000 pivot level and the 50-day simple moving average (blue). Immediate resistance on the upside sits near the $62,250 level. It is close to the 76.4% Fib retracement level of the downward wave from the $65,200 swing high to the $52,756 low. The first major resistance is seen near the $65,000 swing high. To continue higher, BTC price must settle above the $65,200 resistance zone. In the stated case, the bulls might target a test of the main hurdle at $68,000. There is also a crucial declining channel with resistance near $68,200 on the same chart. It coincides with the 1.236 Fib extension level of the downward wave from the $65,200 swing high to the $52,756 low. A close above the channel resistance could spark a fresh rally and sustained upward move. BTC Faces Many Hurdles Conversely, Bitcoin price might struggle near $62,250 or $65,200 and start another decline. Immediate support on the downside is near the $60,500 level. The first major support is near the $60,000 level. A downside break below the $60,000 support zone could spark more bearish moves. In the stated case, the price might decline toward the 50-day simple moving average (blue) at $59,200. Any more losses could open the doors for a move toward the $55,500 support zone. Overall, Bitcoin is showing positive signs above $60,000. Having said that, BTC could face heavy resistance near the $65,000 level in the coming days if it reaches there. The post Bitcoin (BTC) Price Flashes Bullish Signs After Fed Cut, But Has A Long Climb Ahead appeared first on CoinChapter.

Poin-poin Utama:
Bitcoin memperoleh momentum bullish setelah Fed mengejutkan dengan pemangkasan suku bunga sebesar 0,50%.
BTC/USD melewati garis tren bearish penghubung dengan resistensi di $60.800 pada grafik harian.
Harganya masih menghadapi banyak rintangan mendekati $63.500, $65.000, dan $68.000.
Harga Bitcoin menunjukkan tanda-tanda positif di atas $60.000. BTC mungkin akan naik lebih tinggi, tetapi menghadapi tantangan berat mendekati $65.000 dan $68.000.
Kenaikan Harga Bitcoin Bisa Segera Memudar
Dalam beberapa hari terakhir, harga Bitcoin mengalami kenaikan yang lumayan di atas zona resistensi $58.000. Baru-baru ini, harga Bitcoin kesulitan untuk bertahan di atas zona resistensi $60.000. Namun, pemangkasan suku bunga sebesar 50 bps oleh Fed kemarin memicu kenaikan.
Pernyataan Komite Pasar Terbuka Federal: https://t.co/WdWoB5Wf7M #FOMC
— Bank Sentral AS (@federalreserve) 18 September 2024
BTC melewati garis tren bearish penghubung dengan resistensi di $60.800 pada grafik harian. Harga melampaui level retracement Fib 61,8% dari gelombang turun dari swing high $65.200 ke level terendah $52.756.
Grafik harian harga Bitcoin | Sumber: BTC/USD di TradingView.com
Harga Bitcoin sekarang menunjukkan tanda-tanda positif di atas level pivot $60.000 dan simple moving average 50 hari (biru). Resistensi langsung pada sisi atas berada di dekat level $62.250. Resistensi ini dekat dengan level retracement Fib 76,4% dari gelombang turun dari swing high $65.200 ke level terendah $52.756.
Resistensi utama pertama terlihat di dekat swing high $65.000. Untuk melanjutkan kenaikan, harga BTC harus berada di atas zona resistensi $65.200. Dalam kasus tersebut, bulls mungkin menargetkan pengujian rintangan utama di $68.000.
Ada juga saluran menurun penting dengan resistansi mendekati $68.200 pada grafik yang sama. Saluran ini bertepatan dengan level ekstensi Fib 1,236 dari gelombang turun dari swing high $65.200 ke level terendah $52.756. Penutupan di atas resistansi saluran dapat memicu reli baru dan pergerakan naik berkelanjutan.
BTC Menghadapi Banyak Rintangan
Sebaliknya, harga Bitcoin mungkin akan berjuang mendekati $62.250 atau $65.200 dan memulai penurunan lagi. Dukungan langsung pada sisi negatifnya berada di dekat level $60.500. Dukungan utama pertama berada di dekat level $60.000.
Penurunan di bawah zona support $60.000 dapat memicu pergerakan bearish lebih lanjut. Dalam kasus tersebut, harga mungkin turun menuju simple moving average 50 hari (biru) di $59.200. Penurunan lebih lanjut dapat membuka peluang pergerakan menuju zona support $55.500.
Secara keseluruhan, Bitcoin menunjukkan tanda-tanda positif di atas $60.000. Meski demikian, BTC dapat menghadapi resistensi berat di dekat level $65.000 dalam beberapa hari mendatang jika mencapai level tersebut.
Postingan Harga Bitcoin (BTC) Menunjukkan Tanda-tanda Bullish Setelah Pemangkasan Suku Bunga Fed, Namun Masih Akan Naik Panjang muncul pertama kali di CoinChapter.

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