Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • TRADING
  • HACKING
  • SLOT
  • CASINO
  • SUBMIT
Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • TRADING
  • HACKING
  • SLOT
  • CASINO
  • SUBMIT
Crypto Flexs
Home»EXCHANGE NEWS»Bitcoin price could reignite its uptrend: Is a new surge coming?
EXCHANGE NEWS

Bitcoin price could reignite its uptrend: Is a new surge coming?

By Crypto FlexsOctober 24, 20242 Mins Read
Facebook Twitter Pinterest LinkedIn Tumblr Email
Bitcoin price could reignite its uptrend: Is a new surge coming?
Share
Facebook Twitter LinkedIn Pinterest Email

Bitcoin price tested the $65,200 area before beginning an upward trend. BTC is currently rising and targeting more upside above the $67,500 resistance level.

  • Bitcoin extended losses and tested the $65,200 area.
  • The price is trading below $67,500 and the 100-hour simple moving average.
  • On the hourly chart of the BTC/USD pair (data feed from Kraken), a breakout occurred above the main bearish trendline with resistance at $66,800.
  • A break above the $67,500 resistance area could provide bullish momentum.

Bitcoin price begins a new rise

Bitcoin price extended its downward correction below the $66,500 level. It moved below the $66,000 and $65,500 levels. The price tested up to the $65,200 support area.

A low was made at $65,199 and the price is rising again. There was a clear move above the $66,500 level. The price broke above the 23.6% Fib retracement level moving down from the $69,425 swing high to the $65,199 low. Moreover, on the hourly chart of the BTC/USD pair, it broke the key bearish trend line at the resistance level of $66,800.

Bitcoin price is currently trading below $67,500 and the 100-hour simple moving average. On the upside, the price may face resistance near the $67,300 level or the 50% Fib retracement level of a downward move from the $69,425 swing high to the $65,199 low.

The first major resistance is near the $67,500 level. A clear break above the $67,500 resistance could push the price higher. The next major resistance could be $68,000.

A close above the $68,000 resistance could lead to further gains. If indicated, the price could move higher to test the resistance level of $69,200. Any more profits could push the price towards the $70,000 resistance level.

Another drop in BTC?

If Bitcoin fails to rise above the $67,500 resistance zone, another decline could begin. Immediate support for the downside is near the $66,500 level.

The first major support is near the $66,200 level. The next support level is now near $66,000. Any more losses could lead the price towards the $65,200 support in the near term.

Technical indicators:

Hourly MACD – MACD is now losing speed in bullish territory.

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

Key support levels – $66,500, then $66,200.

Key resistance levels – $67,500 and $68,000.

Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

Acurast launches ‘Staked Compute’ and challenges AWS, Azure and Google Cloud using the distributed smartphone network.

September 3, 2025

Bitcoin Price Posts for 5 consecutive August losses: Will Michael Saylor react?

August 31, 2025

Pudgy Penguins

August 28, 2025
Add A Comment

Comments are closed.

Recent Posts

Coindesk July 2025 Report: Stablecoins and CBDC

September 5, 2025

NOWPayments To Participate In SiGMA Europe Rome 2025

September 4, 2025

Web3 Enabler Announces Blockchain Payments V3.1 At Northeast Dreamin In Boston

September 4, 2025

Is XRP The Dark Horse Of The Cryptocurrency World? Earn 652 XRP Daily Using Invro Mining’s Smart Contract

September 4, 2025

TRX Was Early, ETH Set The Standard, BNB Built The Scale- Now SYC Brings The Next Evolution

September 4, 2025

Sign Up And Receive $500 Bonus, Ushering In A New Era Of Compliant And Secure Crypto Investment

September 4, 2025

Why experts say that 99%of the traders are wrong

September 4, 2025

ChainUp Named Double Finalist At Thomson Reuters’ ALB Pan-Asian Regulatory Awards 2025

September 4, 2025

Integrated security classes can accelerate the adoption of institutional passwords.

September 4, 2025

Binance explodes 466m LUNC with oblivion: revival play or special effect?

September 4, 2025

Cardano founder says Chainlink quotes ‘ridiculous price’ to them.

September 3, 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

Coindesk July 2025 Report: Stablecoins and CBDC

September 5, 2025

NOWPayments To Participate In SiGMA Europe Rome 2025

September 4, 2025

Web3 Enabler Announces Blockchain Payments V3.1 At Northeast Dreamin In Boston

September 4, 2025
Most Popular

Previous official suggested that Ripple case could be closed without an appeal from the SEC

June 21, 2024

Tokens for real estate token shoes

March 5, 2025

EIGEN up 11.8% in 2 hours: Will the bullish sentiment remain strong?

October 9, 2024
  • 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.