• bitcoinBitcoin (BTC) $ 66,551.00
  • ethereumEthereum (ETH) $ 3,598.89
  • tetherTether (USDT) $ 0.999343
  • bnbBNB (BNB) $ 608.56
  • solanaSolana (SOL) $ 149.22
  • staked-etherLido Staked Ether (STETH) $ 3,597.52
  • usd-coinUSDC (USDC) $ 1.00
  • xrpXRP (XRP) $ 0.489258
  • dogecoinDogecoin (DOGE) $ 0.136114
  • the-open-networkToncoin (TON) $ 8.02
  • cardanoCardano (ADA) $ 0.416103
  • shiba-inuShiba Inu (SHIB) $ 0.000021
  • avalanche-2Avalanche (AVAX) $ 29.86
  • wrapped-bitcoinWrapped Bitcoin (WBTC) $ 66,661.00
  • tronTRON (TRX) $ 0.116645
  • chainlinkChainlink (LINK) $ 15.10
  • polkadotPolkadot (DOT) $ 6.38
  • uniswapUniswap (UNI) $ 11.59
  • bitcoin-cashBitcoin Cash (BCH) $ 427.81
  • nearNEAR Protocol (NEAR) $ 5.65
  • litecoinLitecoin (LTC) $ 78.71
  • matic-networkPolygon (MATIC) $ 0.619790
  • wrapped-eethWrapped eETH (WEETH) $ 3,743.03
  • leo-tokenLEO Token (LEO) $ 5.90
  • daiDai (DAI) $ 0.998750
  • pepePepe (PEPE) $ 0.000012
  • internet-computerInternet Computer (ICP) $ 9.43
  • kaspaKaspa (KAS) $ 0.157411
  • ethereum-classicEthereum Classic (ETC) $ 25.47
  • fetch-aiFetch.ai (FET) $ 1.47
  • renzo-restaked-ethRenzo Restaked ETH (EZETH) $ 3,580.47
  • aptosAptos (APT) $ 7.87
  • ethena-usdeEthena USDe (USDE) $ 1.00
  • moneroMonero (XMR) $ 177.51
  • render-tokenRender (RNDR) $ 8.35
  • hedera-hashgraphHedera (HBAR) $ 0.085787
  • filecoinFilecoin (FIL) $ 5.25
  • mantleMantle (MNT) $ 0.897419
  • stellarStellar (XLM) $ 0.098740
  • cosmosCosmos Hub (ATOM) $ 7.21
  • blockstackStacks (STX) $ 1.90
  • okbOKB (OKB) $ 45.89
  • arbitrumArbitrum (ARB) $ 0.922335
  • crypto-com-chainCronos (CRO) $ 0.098680
  • dogwifcoindogwifhat (WIF) $ 2.58
  • immutable-xImmutable (IMX) $ 1.70
  • first-digital-usdFirst Digital USD (FDUSD) $ 0.999934
  • injective-protocolInjective (INJ) $ 25.04
  • suiSui (SUI) $ 0.955788
  • optimismOptimism (OP) $ 2.09
  • makerMaker (MKR) $ 2,431.60
  • the-graphThe Graph (GRT) $ 0.235681
  • vechainVeChain (VET) $ 0.029502
  • bittensorBittensor (TAO) $ 307.06
  • notcoinNotcoin (NOT) $ 0.020065
  • rocket-pool-ethRocket Pool ETH (RETH) $ 3,992.40
  • flokiFLOKI (FLOKI) $ 0.000205
  • lido-daoLido DAO (LDO) $ 2.16
  • arweaveArweave (AR) $ 28.42
  • jasmycoinJasmyCoin (JASMY) $ 0.037375
  • fantomFantom (FTM) $ 0.636547
  • ondo-financeOndo (ONDO) $ 1.18
  • mantle-staked-etherMantle Staked Ether (METH) $ 3,723.52
  • theta-tokenTheta Network (THETA) $ 1.69
  • bonkBonk (BONK) $ 0.000025
  • bitget-tokenBitget Token (BGB) $ 1.15
  • thorchainTHORChain (RUNE) $ 4.66
  • celestiaCelestia (TIA) $ 8.06
  • based-brettBrett (BRETT) $ 0.155771
  • coredaoorgCore (CORE) $ 1.63
  • whitebitWhiteBIT Coin (WBT) $ 9.61
  • eosEOS (EOS) $ 0.652349
  • pyth-networkPyth Network (PYTH) $ 0.361950
  • aaveAave (AAVE) $ 85.35
  • sei-networkSei (SEI) $ 0.414000
  • algorandAlgorand (ALGO) $ 0.154502
  • ethenaEthena (ENA) $ 0.763260
  • jupiter-exchange-solanaJupiter (JUP) $ 0.914558
  • starknetStarknet (STRK) $ 0.931193
  • quant-networkQuant (QNT) $ 82.95
  • galaGALA (GALA) $ 0.033015
  • cheeleeCheelee (CHEEL) $ 20.54
  • flare-networksFlare (FLR) $ 0.027099
  • gatechain-tokenGate (GT) $ 8.58
  • flowFlow (FLOW) $ 0.720216
  • kelp-dao-restaked-ethKelp DAO Restaked ETH (RSETH) $ 3,632.21
  • beam-2Beam (BEAM) $ 0.020144
  • kucoin-sharesKuCoin (KCS) $ 10.40
  • axie-infinityAxie Infinity (AXS) $ 6.70
  • bitcoin-svBitcoin SV (BSV) $ 49.27
  • bittorrentBitTorrent (BTT) $ 0.000001
  • ordinalsORDI (ORDI) $ 45.50
  • zebec-protocolZebec Protocol (ZBC) $ 0.018580
  • tokenize-xchangeTokenize Xchange (TKX) $ 11.65
  • dydx-chaindYdX (DYDX) $ 1.52
  • elrond-erd-2MultiversX (EGLD) $ 33.19
  • neoNEO (NEO) $ 12.70
  • chilizChiliz (CHZ) $ 0.100619
  • pendlePendle (PENDLE) $ 5.66
  • the-sandboxThe Sandbox (SAND) $ 0.382184
  • gnosisGnosis (GNO) $ 330.25
  • roninRonin (RON) $ 2.58
  • worldcoin-wldWorldcoin (WLD) $ 3.45
  • ether-fi-staked-ethether.fi Staked ETH (EETH) $ 3,600.41
  • wormholeWormhole (W) $ 0.454517
  • akash-networkAkash Network (AKT) $ 3.34
  • tezosTezos (XTZ) $ 0.809783
  • oasis-networkOasis Network (ROSE) $ 0.118501
  • singularitynetSingularityNET (AGIX) $ 0.616588
  • msolMarinade Staked SOL (MSOL) $ 178.28
  • conflux-tokenConflux (CFX) $ 0.191053
  • ethereum-name-serviceEthereum Name Service (ENS) $ 23.92
  • nexoNEXO (NEXO) $ 1.34
  • livepeerLivepeer (LPT) $ 22.67
  • mina-protocolMina Protocol (MINA) $ 0.656679
  • usddUSDD (USDD) $ 0.999686
  • dog-go-to-the-moon-runeDOG•GO•TO•THE•MOON (Runes) (DOG) $ 0.007250
  • havvenSynthetix Network (SNX) $ 2.19
  • ecasheCash (XEC) $ 0.000036
  • dexeDeXe (DEXE) $ 12.56
  • decentralandDecentraland (MANA) $ 0.384541
  • book-of-memeBOOK OF MEME (BOME) $ 0.010355
  • frax-etherFrax Ether (FRXETH) $ 3,593.04
  • fasttokenFasttoken (FTN) $ 2.21
  • lido-staked-solLido Staked SOL (STSOL) $ 176.11
  • safeSafe (SAFE) $ 1.59
  • pancakeswap-tokenPancakeSwap (CAKE) $ 2.52
  • aioz-networkAIOZ Network (AIOZ) $ 0.616467
  • apecoinApeCoin (APE) $ 1.07
  • klay-tokenKlaytn (KLAY) $ 0.179419
  • coinbase-wrapped-staked-ethCoinbase Wrapped Staked ETH (CBETH) $ 3,857.92
  • fraxFrax (FRAX) $ 0.998105
  • swethSwell Ethereum (SWETH) $ 3,798.86
  • iotaIOTA (IOTA) $ 0.190567
  • mantra-daoMANTRA (OM) $ 0.750757
  • kavaKava (KAVA) $ 0.557673
  • rocket-poolRocket Pool (RPL) $ 28.77
  • nervos-networkNervos Network (CKB) $ 0.013123
  • tether-goldTether Gold (XAUT) $ 2,333.14
  • terra-lunaTerra Luna Classic (LUNC) $ 0.000104
  • heliumHelium (HNT) $ 3.42
  • staked-frax-etherStaked Frax Ether (SFRXETH) $ 3,909.11
  • constitutiondaoConstitutionDAO (PEOPLE) $ 0.109533
  • magaMAGA (TRUMP) $ 11.85
  • axelarAxelar (AXL) $ 0.780956
  • theta-fuelTheta Fuel (TFUEL) $ 0.081578
  • aevo-exchangeAevo (AEVO) $ 0.626272
  • 1inch1inch (1INCH) $ 0.420710
  • illuviumIlluvium (ILV) $ 79.72
  • blurBlur (BLUR) $ 0.309198
  • ioio.net (IO) $ 5.43
  • xdce-crowd-saleXDC Network (XDC) $ 0.034128
  • bitcoin-goldBitcoin Gold (BTG) $ 28.27
  • true-usdTrueUSD (TUSD) $ 0.998046
  • iotexIoTeX (IOTX) $ 0.050340
  • corgiaiCorgiAI (CORGIAI) $ 0.001370
  • woo-networkWOO (WOO) $ 0.248388
  • stader-ethxStader ETHx (ETHX) $ 3,703.76
  • trust-wallet-tokenTrust Wallet (TWT) $ 1.11
  • ether-fiEther.fi (ETHFI) $ 4.02
  • raydiumRaydium (RAY) $ 1.74
  • sats-ordinalsSATS (Ordinals) (SATS) $ 0.00000022
  • astarAstar (ASTR) $ 0.078445
  • arkhamArkham (ARKM) $ 1.89
  • pax-goldPAX Gold (PAXG) $ 2,329.75
  • memecoin-2Memecoin (MEME) $ 0.021291
  • apenftAPENFT (NFT) $ 0.00000043
  • golemGolem (GLM) $ 0.427755
  • polymeshPolymesh (POLYX) $ 0.398826
  • aerodrome-financeAerodrome Finance (AERO) $ 0.850547
  • paypal-usdPayPal USD (PYUSD) $ 0.998273
  • manta-networkManta Network (MANTA) $ 1.28
  • curve-dao-tokenCurve DAO (CRV) $ 0.332777
  • stepnGMT (GMT) $ 0.193883
  • ocean-protocolOcean Protocol (OCEAN) $ 0.627366
  • dydxdYdX (ETHDYDX) $ 1.52
  • compound-ethercETH (CETH) $ 72.24
  • echelon-primeEchelon Prime (PRIME) $ 9.90
  • usdbUSDB (USDB) $ 0.999878
  • osmosisOsmosis (OSMO) $ 0.608269
  • kusamaKusama (KSM) $ 26.64
  • wemix-tokenWEMIX (WEMIX) $ 1.09
  • pepecoin-2PepeCoin (PEPECOIN) $ 3.31
  • biconomyBiconomy (BICO) $ 0.472119
  • mx-tokenMX (MX) $ 3.83
  • cat-in-a-dogs-worldcat in a dogs world (MEW) $ 0.004266
  • safepalSafePal (SFP) $ 0.811958
  • aragonAragon (ANT) $ 9.21
  • compound-governance-tokenCompound (COMP) $ 53.79
  • radixRadix (XRD) $ 0.034857
  • zilliqaZilliqa (ZIL) $ 0.019693
  • holotokenHolo (HOT) $ 0.002052
  • superfarmSuperVerse (SUPER) $ 0.800476
  • dymensionDymension (DYM) $ 2.04
  • celoCelo (CELO) $ 0.665369
  • terra-luna-2Terra (LUNA) $ 0.518848
  • jito-governance-tokenJito (JTO) $ 2.89
  • ankrAnkr Network (ANKR) $ 0.034826
  • altlayerAltLayer (ALT) $ 0.229080
  • 0x0x Protocol (ZRX) $ 0.413600

Bitcoin Price Struggles: Can the Leading Cryptocurrency Start Fresh Increase?

0 14

Bitcoin price extended its decline below the $68,000 level. BTC is now slowly moving lower toward the $66,250 support zone in the near term.

  • Bitcoin extended its downside correction below the $68,000 zone.
  • The price is trading below $68,500 and the 100 hourly Simple moving average.
  • There is a key bearish trend line forming with resistance at $67,900 on the hourly chart of the BTC/USD pair (data feed from Kraken).
  • The pair could continue to move down unless there is a close above the $68,500 level.

Bitcoin Price Dips Further

Bitcoin price extended its downside correction below the $69,000 level. BTC bears were able to push the price below the $68,000 support. Finally, the price tested the $67,000 zone.

A low has formed at $67,100 and the price is now consolidating losses. It recovered above the $67,5000 level and the 23.6% Fib retracement level of the downward wave from the $70,600 swing high to the $67,100 low, with a bearish angle.

Bitcoin is now trading below $68,500 and the 100 hourly Simple moving average. On the upside, the price is facing resistance near the $68,000 level. There is also a key bearish trend line forming with resistance at $67,900 on the hourly chart of the BTC/USD pair.

The first major resistance could be $68,800 or the 50% Fib retracement level of the downward wave from the $70,600 swing high to the $67,100 low.

Bitcoin Price Struggles: Can the Leading Cryptocurrency Start Fresh Increase?

The next key resistance could be $69,250. A clear move above the $69,250 resistance might send the price higher. In the stated case, the price could rise and test the $70,000 resistance. Any more gains might send BTC toward the $72,600 resistance.

More Losses In BTC?

If Bitcoin fails to climb above the $68,000 resistance zone, it could continue to move down. Immediate support on the downside is near the $67,250 level.

The first major support is $67,000. The next support is now forming near $66,250. Any more losses might send the price toward the $65,000 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 – $67,100, followed by $66,250.

Major Resistance Levels – $68,000, and $68,800.

Source

Leave A Reply

Your email address will not be published.