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{"id":458640,"date":"2021-03-15T03:08:29","date_gmt":"2021-03-15T03:08:29","guid":{"rendered":"https:\/\/uniquehot.com\/?p=458640"},"modified":"2024-06-11T14:13:57","modified_gmt":"2024-06-11T14:13:57","slug":"bitcoin-steadies-near-60k","status":"publish","type":"post","link":"https:\/\/uniquehot.com\/news\/bitcoin-steadies-near-60k\/","title":{"rendered":"TA: Bitcoin Steadies Near $60K, Why BTC Could Surpass $62K"},"content":{"rendered":"

Bitcoin price started a downside correction from the $61,700 high against the US Dollar. BTC is holding gains above the $58,500 and $58,000 support levels.<\/em><\/p>\n

\n
Bitcoin gained bullish momentum above $60,000 and it even traded above $61,500.<\/li>\n
The price corrected lower below $60,000, but it is still well above the 100 hourly simple moving average.<\/li>\n
There is a key bullish trend line forming with support near $58,200 on the hourly chart of the BTC\/USD pair (data feed from Kraken).<\/li>\n
The pair is climbing again and it seems like the bulls are likely to aim a test of $62,000.<\/li>\n<\/ul>\n
Bitcoin Price Remains in a Strong Uptrend<\/h2>\n
There was a strong increase in bitcoin above the $55,000 and $58,000 resistance levels. BTC even cleared the $60,000 resistance and settled well above the 100 hourly simple moving average.<\/p>\n
It traded to a new all-time high<\/a> near $61,700 before starting a downside correction. There was a break below the $61,000 support level. The price even traded below the 23.6% Fib retracement level of the upward move from the $56,124 swing low to $61,700 high.<\/p>\n
However, the bulls were active above the $58,500 and $58,800 levels. There is also a key bullish trend line<\/a> forming with support near $58,200 on the hourly chart of the BTC\/USD pair.<\/p>\n
$\"Bitcoin$ <\/a><\/p>\n
Source: BTCUSD on TradingView.com<\/a><\/pre>\n
Bitcoin also remained stable above the 50% Fib retracement level of the upward move from the $56,124 swing low to $61,700 high. It is now rising and trading nicely above $59,500. An immediate resistance is near the $61,000 level.<\/p>\n
The next major resistance is near the $61,700 high. It seems like the price might continue to rise and it could even clear the $62,000 level in the near term.<\/p>\n
Dips Supported in BTC?<\/h2>\n
If bitcoin fails to clear the $61,000 resistance, it could correct lower. The first key support on the downside is near the $59,000 level.<\/p>\n
The main support is near the trend line and $58,500. Any more losses might call for a test of the $58,000 support level. If there is a downside break below $58,000, the price could slide towards the $56,200 level in the coming sessions.<\/p>\n
Technical indicators:<\/p>\n
Hourly MACD \u2013 The MACD is now gaining momentum in the bullish zone.<\/p>\n
Hourly RSI (Relative Strength Index) \u2013 The RSI for BTC\/USD is back above the 50 level.<\/p>\n
Major Support Levels \u2013 $59,000, followed by $58,200.<\/p>\n
Major Resistance Levels \u2013 $61,000, $61,700 and $62,000.<\/p>\n","protected":false},"excerpt":{"rendered":"
Bitcoin price started a downside correction from the $61,700 high against the US Dollar. BTC is holding gains above the $58,500 and $58,000 support levels. Bitcoin gained bullish momentum above $60,000 and it even traded above $61,500. The price corrected lower below $60,000, but it is still well above the 100 hourly simple moving average. There is a key bullish trend line forming with support near $58,200 on the hourly chart of the BTC\/USD pair (data feed from Kraken). The pair is climbing again and it seems like the bulls are likely to aim a test of $62,000. Bitcoin Price Remains in a Strong Uptrend There was a strong increase in bitcoin above the $55,000 and $58,000 resistance levels. BTC even cleared the $60,000 resistance and settled well above the 100 hourly simple moving average. It traded to a new all-time high near $61,700 before starting a downside correction. There was a break below the $61,000 support level. The price even traded below the 23.6% Fib retracement level of the upward move from the $56,124 swing low to $61,700 high. However, the bulls were active above the $58,500 and $58,800 levels. There is also a key bullish trend line forming with support near $58,200 on the hourly chart of the BTC\/USD pair. Source: BTCUSD on TradingView.com Bitcoin also remained stable above the 50% Fib retracement level of the upward move from the $56,124 swing low to $61,700 high. It is now rising and trading nicely above $59,500. An immediate resistance is near the $61,000 level. The next major resistance is near the $61,700 high. It seems like the price might continue to rise and it could even clear the $62,000 level in the near term. Dips Supported in BTC? If bitcoin fails to clear the $61,000 resistance, it could correct lower. The first key support on the downside is near the $59,000 level. The main support is near the trend line and $58,500. Any more losses might call for a test of the $58,000 support level. If there is a downside break below $58,000, the price could slide towards the $56,200 level in the coming sessions. Technical indicators: Hourly MACD \u2013 The MACD is now gaining momentum in the bullish zone. Hourly RSI (Relative Strength Index) \u2013 The RSI for BTC\/USD is back above the 50 level. Major Support Levels \u2013 $59,000, followed by $58,200. Major Resistance Levels \u2013 $61,000, $61,700 and $62,000.<\/p>\n","protected":false},"author":67,"featured_media":458642,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[3],"tags":[428,1144,78790,76835],"class_list":["post-458640","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-bitcoin","tag-btcusd","tag-btcusdt","tag-xbtusd"],"acf":[],"yoast_head":"\nTA: Bitcoin Steadies Near $60K, Why BTC Could Surpass $62K<\/title>\n<meta name=\"description\" content=\"Bitcoin price started a downside correction from the $61,700 high against the US Dollar. 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His background in software engineering has equipped him with a unique skill set, enabling him to leverage cutting-edge tools and algorithms to gain a competitive edge in an ever-evolving landscape. In addition to his roles in finance and technology, Aayush serves as the director of a prestigious IT company, where he spearheads initiatives aimed at driving digital innovation and transformation. Under his visionary leadership, the company has flourished, cementing its position as a leader in the tech industry and paving the way for groundbreaking advancements in software development and IT solutions. Despite his demanding professional commitments, Aayush is a firm believer in the importance of work-life balance. An avid traveler and adventurer, he finds solace in exploring new destinations, immersing himself in different cultures, and forging lasting memories along the way. Whether he's trekking through the Himalayas, diving in the azure waters of the Maldives, or experiencing the vibrant energy of bustling metropolises, Aayush embraces every opportunity to broaden his horizons and create unforgettable experiences. Aayush's journey to success is marked by a relentless pursuit of excellence and a steadfast commitment to continuous learning and growth. His academic achievements are a testament to his dedication and passion for excellence, having completed his software engineering with honors and excelling in every department. At his core, Aayush is driven by a profound passion for analyzing markets and uncovering profitable opportunities amidst volatility. Whether he's poring over price charts, identifying key support and resistance levels, or providing insightful analysis to his clients and followers, Aayush's unwavering dedication to his craft sets him apart as a true industry leader and a beacon of inspiration to aspiring traders around the globe. In a world where uncertainty reigns supreme, Aayush Jindal stands as a guiding light, illuminating the path to financial success with his unparalleled expertise, unwavering integrity, and boundless enthusiasm for the markets.","sameAs":["https:\/\/www.linkedin.com\/in\/aayush-jindal-358b6932\/","https:\/\/x.com\/twitter.com\/AayushJs"],"url":"https:\/\/uniquehot.com\/author\/aayushjindal\/"}]}},"parsely":{"version":"1.1.0","meta":{"@context":"https:\/\/schema.org","@type":"NewsArticle","headline":"TA: Bitcoin Steadies Near $60K, Why BTC Could Surpass $62K","url":"http:\/\/uniquehot.com\/news\/bitcoin-steadies-near-60k\/","mainEntityOfPage":{"@type":"WebPage","@id":"http:\/\/uniquehot.com\/news\/bitcoin-steadies-near-60k\/"},"thumbnailUrl":"https:\/\/uniquehot.com\/wp-content\/uploads\/2021\/03\/Depositphotos_78872860_s-2019-1.jpg?resize=200%2C200","image":{"@type":"ImageObject","url":"https:\/\/uniquehot.com\/wp-content\/uploads\/2021\/03\/Depositphotos_78872860_s-2019-1.jpg?fit=999%2C636"},"articleSection":"Cryptocurrency Market News","author":[{"@type":"Person","name":"Aayush Jindal"}],"creator":["Aayush Jindal"],"publisher":{"@type":"Organization","name":"NewsBTC","logo":"https:\/\/uniquehot.com\/wp-content\/uploads\/2020\/06\/cropped-cropped-cropped-favicon.png?w=32"},"keywords":["bitcoin","btcusd","btcusdt","xbtusd"],"dateCreated":"2021-03-15T03:08:29Z","datePublished":"2021-03-15T03:08:29Z","dateModified":"2024-06-11T14:13:57Z"},"rendered":"<script type=\"application\/ld+json\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@type\":\"NewsArticle\",\"headline\":\"TA: Bitcoin Steadies Near $60K, Why BTC Could Surpass $62K\",\"url\":\"http:\\\/\\\/uniquehot.com\\\/news\\\/bitcoin-steadies-near-60k\\\/\",\"mainEntityOfPage\":{\"@type\":\"WebPage\",\"@id\":\"http:\\\/\\\/uniquehot.com\\\/news\\\/bitcoin-steadies-near-60k\\\/\"},\"thumbnailUrl\":\"https:\\\/\\\/uniquehot.com\\\/wp-content\\\/uploads\\\/2021\\\/03\\\/Depositphotos_78872860_s-2019-1.jpg?resize=200%2C200\",\"image\":{\"@type\":\"ImageObject\",\"url\":\"https:\\\/\\\/uniquehot.com\\\/wp-content\\\/uploads\\\/2021\\\/03\\\/Depositphotos_78872860_s-2019-1.jpg?fit=999%2C636\"},\"articleSection\":\"Cryptocurrency Market News\",\"author\":[{\"@type\":\"Person\",\"name\":\"Aayush Jindal\"}],\"creator\":[\"Aayush Jindal\"],\"publisher\":{\"@type\":\"Organization\",\"name\":\"NewsBTC\",\"logo\":\"https:\\\/\\\/uniquehot.com\\\/wp-content\\\/uploads\\\/2020\\\/06\\\/cropped-cropped-cropped-favicon.png?w=32\"},\"keywords\":[\"bitcoin\",\"btcusd\",\"btcusdt\",\"xbtusd\"],\"dateCreated\":\"2021-03-15T03:08:29Z\",\"datePublished\":\"2021-03-15T03:08:29Z\",\"dateModified\":\"2024-06-11T14:13:57Z\"}<\/script>","tracker_url":"https:\/\/cdn.parsely.com\/keys\/uniquehot.com\/p.js"},"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"https:\/\/uniquehot.com\/wp-content\/uploads\/2021\/03\/Depositphotos_78872860_s-2019-1.jpg?fit=999%2C636","amp_enabled":true,"_links":{"self":[{"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/posts\/458640"}],"collection":[{"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/users\/67"}],"replies":[{"embeddable":true,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/comments?post=458640"}],"version-history":[{"count":0,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/posts\/458640\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/media\/458642"}],"wp:attachment":[{"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/media?parent=458640"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/categories?post=458640"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/tags?post=458640"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}