{"id":474281,"date":"2021-10-21T03:08:50","date_gmt":"2021-10-21T03:08:50","guid":{"rendered":"https:\/\/uniquehot.com\/?p=474281"},"modified":"2024-06-11T13:59:40","modified_gmt":"2024-06-11T13:59:40","slug":"ta-bitcoin-corrects-from-record-high-dips-remain-attractive","status":"publish","type":"post","link":"https:\/\/uniquehot.com\/news\/ta-bitcoin-corrects-from-record-high-dips-remain-attractive\/","title":{"rendered":"TA: Bitcoin Corrects From Record High, Dips Remain Attractive"},"content":{"rendered":"
Bitcoin broke the $65,000 resistance and traded to a new all-time high against the US Dollar. BTC is correcting gains, but dips could remain attractive near $63,000.<\/em><\/p>\n Bitcoin price extended its increase above the $63,500 resistance zone. BTC broke the key $65,000 resistance zone and settled above the 100 hourly simple moving average<\/a>.<\/p>\n It even spiked above the $65,500 resistance and traded to a new all-time high at $66,982. It is currently correcting lower and trading below the $66,000 level. There was a break below the 23.6% Fib retracement level of the upward wave<\/a> from the $61,320 swing low to $66,982 high.<\/p>\n An immediate support is near the $64,200 level. There is also a crucial bullish trend line forming with support near $63,000 on the hourly chart of the BTC\/USD pair.<\/p>\n <\/a><\/p>\n On the upside, an initial resistance is near the $65,200 level. The first key resistance is near the $65,500 level. A clear break above the $65,500 resistance could open the doors for more upsides. The next major resistance sits near the $66,800 level, above which the price might rise towards the $68,000 level. Any more gains could lead the price towards the $68,000 level.<\/p>\n If bitcoin fails to clear the $65,500 resistance zone, it could extend its downside correction. An immediate support on the downside is near the $64,200 level.<\/p>\n The first major support is now forming near the $64,150 level. It is near the 50% Fib retracement level of the upward wave from the $61,320 swing low to $66,982 high. The main support is near the trend line and $63,400, below which the price might decline towards the $63,000 support and the 100 hourly SMA.<\/p>\n Technical indicators:<\/p>\n Hourly MACD \u2013 The MACD is now losing pace in the bullish zone.<\/p>\n Hourly RSI (Relative Strength Index) \u2013 The RSI for BTC\/USD is now below the 50 level.<\/p>\n Major Support Levels \u2013 $64,150, followed by $63,400.<\/p>\n Major Resistance Levels \u2013 $65,500, $66,800 and $68,000.<\/p>\n","protected":false},"excerpt":{"rendered":" Bitcoin broke the $65,000 resistance and traded to a new all-time high against the US Dollar. BTC is correcting gains, but dips could remain attractive near $63,000. Bitcoin gained pace above the $65,000 and $65,500 resistance levels. The price is now trading above $63,000 and the 100 hourly simple moving average. There is a crucial bullish trend line forming with support near $63,000 on the hourly chart of the BTC\/USD pair (data feed from Kraken). The pair is correcting gains, but dips might remain limited below $62,000 in the near term. Bitcoin Price Remains In Uptrend Bitcoin price extended its increase above the $63,500 resistance zone. BTC broke the key $65,000 resistance zone and settled above the 100 hourly simple moving average. It even spiked above the $65,500 resistance and traded to a new all-time high at $66,982. It is currently correcting lower and trading below the $66,000 level. There was a break below the 23.6% Fib retracement level of the upward wave from the $61,320 swing low to $66,982 high. An immediate support is near the $64,200 level. There is also a crucial bullish trend line forming with support near $63,000 on the hourly chart of the BTC\/USD pair. Source: BTCUSD on TradingView.com On the upside, an initial resistance is near the $65,200 level. The first key resistance is near the $65,500 level. A clear break above the $65,500 resistance could open the doors for more upsides. The next major resistance sits near the $66,800 level, above which the price might rise towards the $68,000 level. Any more gains could lead the price towards the $68,000 level. Dips Supported In BTC? If bitcoin fails to clear the $65,500 resistance zone, it could extend its downside correction. An immediate support on the downside is near the $64,200 level. The first major support is now forming near the $64,150 level. It is near the 50% Fib retracement level of the upward wave from the $61,320 swing low to $66,982 high. The main support is near the trend line and $63,400, below which the price might decline towards the $63,000 support and the 100 hourly SMA. Technical indicators: Hourly MACD \u2013 The MACD is now losing pace in the bullish zone. Hourly RSI (Relative Strength Index) \u2013 The RSI for BTC\/USD is now below the 50 level. Major Support Levels \u2013 $64,150, followed by $63,400. Major Resistance Levels \u2013 $65,500, $66,800 and $68,000.<\/p>\n","protected":false},"author":67,"featured_media":459773,"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-474281","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-bitcoin","tag-btcusd","tag-btcusdt","tag-xbtusd"],"acf":[],"yoast_head":"\n\n
Bitcoin Price Remains In Uptrend<\/h2>\n
Source: BTCUSD on TradingView.com<\/a><\/pre>\n
Dips Supported In BTC?<\/h2>\n