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 rejects $70K. Key levels to note are:
EXCHANGE NEWS

Bitcoin price rejects $70K. Key levels to note are:

By Crypto FlexsMarch 11, 20243 Mins Read
Facebook Twitter Pinterest LinkedIn Tumblr Email
Bitcoin price rejects K.  Key levels to note are:
Share
Facebook Twitter LinkedIn Pinterest Email

Bitcoin price is still struggling to clear the $70,000 resistance. BTC is falling slowly and may soon fall to the $67,000 support level.

  • Bitcoin price is struggling to break the $69,500 and $70,000 levels.
  • The price is trading above $68,000 and the 100-hour simple moving average.
  • The hourly chart of the BTC/USD pair (data feed from Kraken) shows a major bullish trendline with support at $68,000.
  • The pair could continue falling and trade towards the $67,000 support area.

Bitcoin price consolidation begins

Bitcoin price made another attempt to gain strength above the $69,000 level. BTC cleared the $69,500 level, but bears remained active near the $70,000 resistance zone.

A high was reached at $69,981 and the price began a downward correction. There was movement below the $69,500 and $69,200 levels. Prices fell below the 23.6% Fib retracement level of the bullish wave from the $65,200 swing low to the $69,981 high.

Bitcoin is currently trading above $68,000 and the 100-hour simple moving average. There is also a major bullish trendline with support at $68,000 on the hourly chart of the BTC/USD pair. The trend line is close to the 50% Fib retracement level of the bullish wave from the $65,200 swing low to the $69,981 high.

Immediate resistance is near the $68,850 level. The next major resistance could be $69,200, above which the price may rise towards the $69,500 resistance zone.

Source: TradingView.com BTCUSD

In case of a clear break above the $69,500 resistance zone, the price may try to move above the $70,000 resistance zone. More profits could push the price higher to the $72,000 level.

Will there be more losses in BTC?

If Bitcoin fails to rise above the $68,850 resistance zone, another decline could begin. Immediate support for the downside is near the $68,000 level and trend line.

The first major support is $67,000. If it closes below $67,000, the price could begin a significant decline towards the $65,500 level. Any more losses could lead the price towards the $64,400 support area.

Technical indicators:

Hourly MACD – MACD is now picking up speed in bearish territory.

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

Key support levels – $68,000, then $67,000.

Key resistance levels – $68,850, $69,200 and $69,500.

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

Pudgy Penguins

August 28, 2025

Will Cardano (ADA) step back and push the bear back low?

August 22, 2025

Ether Lee’s price retreat, a market for watching $ 4,200 for the next movement

August 19, 2025
Add A Comment

Comments are closed.

Recent Posts

Ethereum-Based Meme Project Pepeto ($PEPETO) Surges Past $6.5M In Presale

August 29, 2025

Use Australia’s Top Cloud Mining Tools To Become A Millionaire!

August 29, 2025

Bitcoin is under pressure with gold aiming to be the highest ever.

August 29, 2025

The US government posts GDP data on Bitcoin block chain.

August 28, 2025

Pudgy Penguins

August 28, 2025

The US government checks the economic data on the chain with 60% Pyth Rocket 60% Pyth Network.

August 28, 2025

GCL Subsidiary, 2Game Digital, Partners With KuCoin Pay To Accept Secure Crypto Payments In Real Time

August 28, 2025

Tether Announces Plan To Bring USD₮ To RGB, Advancing Native Stablecoins On Bitcoin And Lightning

August 28, 2025

Ether Leeum Game Football. Fun market caps increase 10 times within two weeks.

August 28, 2025

Defi Surges, BTC Swings & Tradfi faces freezing: Daily encryption failure

August 28, 2025

7 Legit Cloud Mining Platforms For Daily Bitcoin Income In 2025

August 27, 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

Ethereum-Based Meme Project Pepeto ($PEPETO) Surges Past $6.5M In Presale

August 29, 2025

Use Australia’s Top Cloud Mining Tools To Become A Millionaire!

August 29, 2025

Bitcoin is under pressure with gold aiming to be the highest ever.

August 29, 2025
Most Popular

Stablecoin Giant Tether acquires a minority stake in the legendary Italian football club Juventus.

February 17, 2025

Polygon and StarkWare unveil Circle STARK to streamline Zk proof

February 22, 2024

Roundup #5 | Ethereum Foundation Blog

March 16, 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.