Bitcoin Price Could Attempt to Recover Lost Ground But Faces Many Hurdles

Crypto Breaking · 2024-06-20T03:15:28.000Z

Bitcoin price is consolidating above the $64,000 level. BTC could try to follow Ethereum and recover if it manages to clear the $65,650 resistance zone. Bitcoin started a minor recovery wave above the $65,000 level. The price is trading below $65,500 and the 100 hourly Simple moving average. There is a short-term contracting triangle forming with resistance at $65,400 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could start a recovery wave if it clears the $65,400 and $65,650 resistance levels. Bitcoin Price Faces Resistance Bitcoin price extended its losses and traded below the $65,000 level. BTC even tested the $64,000 zone. A low was formed at $64,050 and the price is now correcting losses. There was a minor recovery above the $64,500 level. The price climbed above the 23.6% Fib retracement level of the recent drop from the $67,255 swing high to the $64,050 low. However, the bears are still active near the $65,500 zone. Bitcoin is now trading below $65,500 and the 100 hourly Simple moving average. There is also a short-term contracting triangle forming with resistance at $65,400 on the hourly chart of the BTC/USD pair. On the upside, the price is facing resistance near the $65,400 level and the triangle trend line. The first major resistance could be $65,650 or the 50% Fib retracement level of the recent drop from the $67,255 swing high to the $64,050 low. The next key resistance could be $66,000. Source: BTCUSD on TradingView.com A clear move above the $66,000 resistance might start a steady increase and send the price higher. In the stated case, the price could rise and test the $66,550 resistance. Any more gains might send BTC toward the $67,500 resistance in the near term. Another Decline In BTC? If Bitcoin fails to climb above the $65,650 resistance zone, it could start another decline. Immediate support on the downside is near the $64,850 level. The first major support is $64,400. The next support is now forming near $64,000. Any more losses might send the price toward the $63,200 support zone in the near term. Technical indicators: Hourly MACD – The MACD is now losing pace in the bearish zone. Hourly RSI (Relative Strength Index) – The RSI for BTC/USD is now above the 50 level. Major Support Levels – $64,400, followed by $64,000. Major Resistance Levels – $65,400, and $65,650. Source: NewsBTC.com The post Bitcoin Price Could Attempt to Recover Lost Ground But Faces Many Hurdles appeared first on Crypto Breaking News.

Harga Bitcoin berkonsolidasi di atas level $64,000. BTC dapat mencoba mengikuti Ethereum dan pulih jika berhasil melewati zona resistensi $65,650.
Bitcoin memulai gelombang pemulihan kecil di atas level $65,000.
Harga diperdagangkan di bawah $65.500 dan rata-rata pergerakan sederhana 100 jam.
Ada pembentukan segitiga kontrak jangka pendek dengan resistensi di $65,400 pada grafik per jam dari pasangan BTC/USD (umpan data dari Kraken).
Pasangan ini dapat memulai gelombang pemulihan jika menembus level resistensi $65,400 dan $65,650.
Harga Bitcoin Menghadapi Resistensi
Harga Bitcoin memperpanjang kerugiannya dan diperdagangkan di bawah level $65,000. BTC bahkan menguji zona $64,000. Titik terendah terbentuk di $64,050 dan harga sekarang mengoreksi kerugian.
Ada pemulihan kecil di atas level $64,500. Harga naik di atas level retracement Fib 23.6% dari penurunan baru-baru ini dari swing high $67,255 ke level terendah $64,050. Namun, penjual masih aktif di dekat zona $65,500.
Bitcoin sekarang diperdagangkan di bawah $65,500 dan rata-rata pergerakan sederhana 100 jam. Ada juga segitiga kontrak jangka pendek yang terbentuk dengan resistensi di $65,400 pada grafik per jam dari pasangan BTC/USD.
Pada sisi positifnya, harga menghadapi resistensi di dekat level $65,400 dan garis tren segitiga. Resistensi besar pertama bisa jadi $65,650 atau level retracement Fib 50% dari penurunan baru-baru ini dari swing high $67,255 ke level terendah $64,050. Resistensi utama berikutnya bisa jadi $66,000.
Sumber: BTCUSD di TradingView.com
Pergerakan yang jelas di atas resistensi $66,000 mungkin memulai kenaikan yang stabil dan membuat harga lebih tinggi. Dalam kasus yang disebutkan, harga bisa naik dan menguji resistensi $66,550. Kenaikan lebih lanjut mungkin mengirim BTC menuju resistensi $67,500 dalam waktu dekat.
Penurunan BTC Lainnya?
Jika Bitcoin gagal naik di atas zona resistensi $65,650, Bitcoin bisa memulai penurunan lagi. Support langsung pada sisi bawah berada di dekat level $64,850.
Dukungan besar pertama adalah $64,400. Support berikutnya sekarang terbentuk di dekat $64,000. Kerugian lebih lanjut mungkin mengirim harga menuju zona dukungan $63,200 dalam waktu dekat.
Indikator teknis:
MACD Per Jam – MACD sekarang kehilangan kecepatan di zona bearish.
RSI Per Jam (Indeks Kekuatan Relatif) – RSI untuk BTC/USD sekarang berada di atas level 50.
Tingkat Dukungan Utama – $64.400, diikuti oleh $64.000.
Level Resistensi Utama – $65.400, dan $65.650.
Sumber: NewsBTC.com
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