Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • ADOPTION
  • TRADING
  • HACKING
  • SLOT
Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • ADOPTION
  • TRADING
  • HACKING
  • SLOT
Crypto Flexs
Home»EXCHANGE NEWS»Bitcoin Price at a Decisive Moment, Key Levels to Watch
EXCHANGE NEWS

Bitcoin Price at a Decisive Moment, Key Levels to Watch

By Crypto FlexsApril 18, 20243 Mins Read
Facebook Twitter Pinterest LinkedIn Tumblr Email
Bitcoin Price at a Decisive Moment, Key Levels to Watch
Share
Facebook Twitter LinkedIn Pinterest Email

Bitcoin price is still struggling below the $65,000 resistance zone. BTC needs to stay above the $60,000 support zone to avoid a major decline.

  • Bitcoin is still struggling to gain speed above the $65,000 resistance zone.
  • The price is trading below $63,000 and the 100-hour simple moving average.
  • The hourly chart of the BTC/USD pair (data feed from Kraken) shows a major bearish trendline forming at resistance $62,650.
  • A break above the $63,000 resistance area could provide bullish momentum.

Bitcoin Price Still in Risk

Bitcoin price failed to break the $64,500 resistance level. BTC made a short-term high at $64,450 and began another downtrend. It moved below the $63,000 and $62,000 levels.

The price also soared below the $60,000 mark. A low was formed near $59,700 and the price is now attempting a new recovery. The price recently broke above the 23.6% Fib retracement level of the decline from the $64,444 swing high to the $59,700 low.

Bitcoin price is trading below $63,000 and the 100-hour simple moving average. Immediate resistance is near the $62,000 level. It is close to 50% of the Fib retracement level of the recent decline from the $64,444 swing high to the $59,700 low.

The first major resistance level is $62,650 and could become a trend line. The next resistance is now at $63,000. If there is a clear move above the $63,000 resistance zone, the price may continue to rise. If specified, the price could go as high as $64,500.

Source: TradingView.com BTCUSD

The next major resistance is near $65,000. If more gains occur, Bitcoin may head towards the $66,500 resistance zone in the near term.

Will there be more losses in BTC?

If Bitcoin fails to rise above the $63,000 resistance zone, another decline could begin. Immediate support for the downside is near the $60,800 level.

The first major grant is $60,000. If it closes below $60,000, the price could start to fall towards the $59,200 level. More losses could push the price towards the $58,500 support area in the near term.

Technical indicators:

Hourly MACD – MACD is currently losing pace in bearish territory.

Hourly Relative Strength Index (RSI) – The RSI for BTC/USD is now below the 50 level.

Key support levels – $60,800, then $60,000.

Key resistance levels – $62,650, $63,000 and $64,500.

Disclaimer: This article is provided for educational purposes only. This does not represent NewsBTC’s opinion on whether to buy, sell or hold any investment, and of course investing carries risks. We recommend that you do your own research before making any investment decisions. Your use of the information provided on this website is entirely at your own risk.

Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

Three largest encryptions three huge ROIs and the best encryption for real shock

May 25, 2025

Are you in pain? Mihailo bjelic is the third founder

May 25, 2025

Solana introduces the SAS protocol to secure the official record.

May 24, 2025
Add A Comment

Comments are closed.

Recent Posts

Hacking saw for three slot cranks

May 26, 2025

BESU’s BN254 Vulnerability: Lower Group Inspection Defects expose security risks

May 26, 2025

Toncoin Bears is dominant as the volume decreases every year. Can you save the bull 2.8?

May 26, 2025

Five essential steps to protect themselves after violation of data

May 26, 2025

Bitcoin

May 25, 2025

Bitcoin

May 25, 2025

The next chapter of the Ether Leeum Foundation

May 25, 2025

BNB Chain Report Q1 2025 Revenue Surges and Ecology Expansion

May 25, 2025

Three largest encryptions three huge ROIs and the best encryption for real shock

May 25, 2025

Bitcoin prices are expected to rise as the global bond market is suspended.

May 25, 2025

GeForce now offers a 40% discount on six months of performance membership.

May 25, 2025

Crypto Flexs is a Professional Cryptocurrency News Platform. Here we will provide you only interesting content, which you will like very much. We’re dedicated to providing you the best of Cryptocurrency. We hope you enjoy our Cryptocurrency News as much as we enjoy offering them to you.

Contact Us : Partner(@)Cryptoflexs.com

Top Insights

Hacking saw for three slot cranks

May 26, 2025

BESU’s BN254 Vulnerability: Lower Group Inspection Defects expose security risks

May 26, 2025

Toncoin Bears is dominant as the volume decreases every year. Can you save the bull 2.8?

May 26, 2025
Most Popular

Ethereum Milestone: Number of validators surpasses 1 million with $114 billion staking

March 28, 2024

Aark Digital Offers 15% Bounty to Hackers Responsible for $1.5 Million Attack on Vaults

October 27, 2024

CHAINOPERAAI and Render Network collaboration explores decentralized AI and Web3 integration.

February 15, 2025
  • Home
  • About Us
  • Contact Us
  • Disclaimer
  • Privacy Policy
  • Terms and Conditions
© 2025 Crypto Flexs

Type above and press Enter to search. Press Esc to cancel.