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{"id":644440,"date":"2024-09-25T02:39:05","date_gmt":"2024-09-25T02:39:05","guid":{"rendered":"https:\/\/www.uniquehot.com\/?p=644440"},"modified":"2024-09-25T02:39:05","modified_gmt":"2024-09-25T02:39:05","slug":"bitcoin-price-higher-65k-2","status":"publish","type":"post","link":"https:\/\/www.uniquehot.com\/analysis\/btc\/bitcoin-price-higher-65k-2\/","title":{"rendered":"Bitcoin Price Targets Higher Levels: Can the Momentum Hold?"},"content":{"rendered":"

Bitcoin price is again rising above the $63,800 resistance. BTC could gain pace if it clears the $64,750 resistance zone and then $65,000.<\/em><\/p>\n

\n
Bitcoin is aiming for more gains above the $64,800 zone.<\/li>\n
The price is trading above $63,650 and the 100 hourly Simple moving average.<\/li>\n
There was a break above a short-term contracting triangle with resistance at $63,750 on the hourly chart of the BTC\/USD pair (data feed from Kraken).<\/li>\n
The pair could extend gains if it breaks the $64,750 resistance zone.<\/li>\n<\/ul>\n
Bitcoin Price Could Surpass $65,000<\/h2>\n
Bitcoin price started another increase<\/a> from the $62,500 zone. BTC was able to clear the $63,500 and $63,800 resistance levels. The bulls even pushed the price toward the $64,750 level.<\/p>\n
There was a break above a short-term contracting triangle with resistance at $63,750 on the hourly chart of the BTC\/USD pair. A high was formed at $64,770 and the price is now correcting gains. There was a drop below the $64,600 and $64,400 support levels.<\/p>\n
The price dipped below the 23.6% Fib retracement level of the upward move from the $62,761 swing low to the $64,770 high. Bitcoin is now trading above $63,800 and the 100 hourly Simple moving average<\/a>.<\/p>\n
$\"Bitcoin$ <\/a>
Source: BTCUSD on TradingView.com<\/a><\/figcaption><\/figure>\n
If there is a fresh increase, the price could face resistance near the $64,750 level. The first key resistance is near the $65,000 level. A clear move above the $65,000 resistance might send the price higher. The next key resistance could be $65,500. A close above the $65,500 resistance might spark more upsides. In the stated case, the price could rise and test the $66,800 resistance.<\/p>\n
Another Decline In BTC?<\/h2>\n
If Bitcoin fails to rise above the $64,750 resistance zone, it could continue to move down. Immediate support on the downside is near the $63,750 level and the 50% Fib retracement level of the upward move from the $62,761 swing low to the $64,770 high.<\/p>\n
The first major support is near the $63,250 level. The next support is now near the $62,500 zone. Any more losses might send the price toward the $61,200 support in the near term.<\/p>\n
Technical indicators:<\/p>\n
Hourly MACD \u2013 The MACD is now gaining pace in the bullish zone.<\/p>\n
Hourly RSI (Relative Strength Index) \u2013 The RSI for BTC\/USD is now above the 50 level.<\/p>\n
Major Support Levels \u2013 $63,750, followed by $62,500.<\/p>\n
Major Resistance Levels \u2013 $66,750, and $65,000.<\/p>\n","protected":false},"excerpt":{"rendered":"
Bitcoin price is again rising above the $63,800 resistance. BTC could gain pace if it clears the $64,750 resistance zone and then $65,000. Bitcoin is aiming for more gains above the $64,800 zone. The price is trading above $63,650 and the 100 hourly Simple moving average. There was a break above a short-term contracting triangle with resistance at $63,750 on the hourly chart of the BTC\/USD pair (data feed from Kraken). The pair could extend gains if it breaks the $64,750 resistance zone. Bitcoin Price Could Surpass $65,000 Bitcoin price started another increase from the $62,500 zone. BTC was able to clear the $63,500 and $63,800 resistance levels. The bulls even pushed the price toward the $64,750 level. There was a break above a short-term contracting triangle with resistance at $63,750 on the hourly chart of the BTC\/USD pair. A high was formed at $64,770 and the price is now correcting gains. There was a drop below the $64,600 and $64,400 support levels. The price dipped below the 23.6% Fib retracement level of the upward move from the $62,761 swing low to the $64,770 high. Bitcoin is now trading above $63,800 and the 100 hourly Simple moving average. If there is a fresh increase, the price could face resistance near the $64,750 level. The first key resistance is near the $65,000 level. A clear move above the $65,000 resistance might send the price higher. The next key resistance could be $65,500. A close above the $65,500 resistance might spark more upsides. In the stated case, the price could rise and test the $66,800 resistance. Another Decline In BTC? If Bitcoin fails to rise above the $64,750 resistance zone, it could continue to move down. Immediate support on the downside is near the $63,750 level and the 50% Fib retracement level of the upward move from the $62,761 swing low to the $64,770 high. The first major support is near the $63,250 level. The next support is now near the $62,500 zone. Any more losses might send the price toward the $61,200 support in the near term. Technical indicators: Hourly MACD \u2013 The MACD is now gaining pace in the bullish zone. Hourly RSI (Relative Strength Index) \u2013 The RSI for BTC\/USD is now above the 50 level. Major Support Levels \u2013 $63,750, followed by $62,500. Major Resistance Levels \u2013 $66,750, and $65,000.<\/p>\n","protected":false},"author":67,"featured_media":644442,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[83361],"tags":[428,679,1144,78790,76835],"class_list":["post-644440","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-btc","tag-bitcoin","tag-bitcoin-price","tag-btcusd","tag-btcusdt","tag-xbtusd"],"acf":[],"yoast_head":"\nBitcoin Price Targets Higher Levels: Can the Momentum Hold?<\/title>\n<meta name=\"description\" content=\"Bitcoin price is again rising above the $63,800 resistance. 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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:\/\/www.uniquehot.com\/author\/aayushjindal\/"}]}},"parsely":{"version":"1.1.0","meta":{"@context":"https:\/\/schema.org","@type":"NewsArticle","headline":"Bitcoin Price Targets Higher Levels: Can the Momentum Hold?","url":"http:\/\/www.uniquehot.com\/analysis\/btc\/bitcoin-price-higher-65k-2\/","mainEntityOfPage":{"@type":"WebPage","@id":"http:\/\/www.uniquehot.com\/analysis\/btc\/bitcoin-price-higher-65k-2\/"},"thumbnailUrl":"https:\/\/www.uniquehot.com\/wp-content\/uploads\/2024\/09\/Bitcoin-Rally_88d86c.jpg?resize=200%2C200","image":{"@type":"ImageObject","url":"https:\/\/www.uniquehot.com\/wp-content\/uploads\/2024\/09\/Bitcoin-Rally_88d86c.jpg?fit=1792%2C1024"},"articleSection":"BTC","author":[{"@type":"Person","name":"Aayush Jindal"}],"creator":["Aayush Jindal"],"publisher":{"@type":"Organization","name":"NewsBTC","logo":"https:\/\/www.uniquehot.com\/wp-content\/uploads\/2020\/06\/cropped-cropped-cropped-favicon.png?w=32"},"keywords":["bitcoin","bitcoin price","btcusd","btcusdt","xbtusd"],"dateCreated":"2024-09-25T02:39:05Z","datePublished":"2024-09-25T02:39:05Z","dateModified":"2024-09-25T02:39:05Z"},"rendered":"<script type=\"application\/ld+json\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@type\":\"NewsArticle\",\"headline\":\"Bitcoin Price Targets Higher Levels: Can the Momentum Hold?\",\"url\":\"http:\\\/\\\/www.uniquehot.com\\\/analysis\\\/btc\\\/bitcoin-price-higher-65k-2\\\/\",\"mainEntityOfPage\":{\"@type\":\"WebPage\",\"@id\":\"http:\\\/\\\/www.uniquehot.com\\\/analysis\\\/btc\\\/bitcoin-price-higher-65k-2\\\/\"},\"thumbnailUrl\":\"https:\\\/\\\/www.uniquehot.com\\\/wp-content\\\/uploads\\\/2024\\\/09\\\/Bitcoin-Rally_88d86c.jpg?resize=200%2C200\",\"image\":{\"@type\":\"ImageObject\",\"url\":\"https:\\\/\\\/www.uniquehot.com\\\/wp-content\\\/uploads\\\/2024\\\/09\\\/Bitcoin-Rally_88d86c.jpg?fit=1792%2C1024\"},\"articleSection\":\"BTC\",\"author\":[{\"@type\":\"Person\",\"name\":\"Aayush Jindal\"}],\"creator\":[\"Aayush Jindal\"],\"publisher\":{\"@type\":\"Organization\",\"name\":\"NewsBTC\",\"logo\":\"https:\\\/\\\/www.uniquehot.com\\\/wp-content\\\/uploads\\\/2020\\\/06\\\/cropped-cropped-cropped-favicon.png?w=32\"},\"keywords\":[\"bitcoin\",\"bitcoin price\",\"btcusd\",\"btcusdt\",\"xbtusd\"],\"dateCreated\":\"2024-09-25T02:39:05Z\",\"datePublished\":\"2024-09-25T02:39:05Z\",\"dateModified\":\"2024-09-25T02:39:05Z\"}<\/script>","tracker_url":"https:\/\/cdn.parsely.com\/keys\/uniquehot.com\/p.js"},"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"https:\/\/www.uniquehot.com\/wp-content\/uploads\/2024\/09\/Bitcoin-Rally_88d86c.jpg?fit=1792%2C1024","amp_enabled":true,"_links":{"self":[{"href":"https:\/\/www.uniquehot.com\/wp-json\/wp\/v2\/posts\/644440"}],"collection":[{"href":"https:\/\/www.uniquehot.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.uniquehot.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.uniquehot.com\/wp-json\/wp\/v2\/users\/67"}],"replies":[{"embeddable":true,"href":"https:\/\/www.uniquehot.com\/wp-json\/wp\/v2\/comments?post=644440"}],"version-history":[{"count":1,"href":"https:\/\/www.uniquehot.com\/wp-json\/wp\/v2\/posts\/644440\/revisions"}],"predecessor-version":[{"id":644443,"href":"https:\/\/www.uniquehot.com\/wp-json\/wp\/v2\/posts\/644440\/revisions\/644443"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.uniquehot.com\/wp-json\/wp\/v2\/media\/644442"}],"wp:attachment":[{"href":"https:\/\/www.uniquehot.com\/wp-json\/wp\/v2\/media?parent=644440"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.uniquehot.com\/wp-json\/wp\/v2\/categories?post=644440"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.uniquehot.com\/wp-json\/wp\/v2\/tags?post=644440"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}