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 resumes its rebound and why BTC could soon reach $65,000
EXCHANGE NEWS

Bitcoin price resumes its rebound and why BTC could soon reach $65,000

By Crypto FlexsMarch 4, 20243 Mins Read
Facebook Twitter Pinterest LinkedIn Tumblr Email
Bitcoin price resumes its rebound and why BTC could soon reach ,000
Share
Facebook Twitter LinkedIn Pinterest Email

Bitcoin price is rising above the resistance level of $62,000. BTC is signaling a bullish reversal and could surge towards the $65,000 resistance.

  • Bitcoin price is rising from the $61,200 support zone.
  • The price is trading above $62,500 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 $62,300.
  • The pair could rise towards the $65,000 resistance or $65,730.

Bitcoin price gains strength again

Bitcoin price remained above the $60,000 support zone. A base was formed and the price started a new rise above the $62,000 resistance.

On the hourly chart of the BTC/USD pair, a breakout occurred above the main bearish trend line with resistance at $62,300. The pair cleared the 76.4% Fib retracement level of the downward move from the $63,583 swing high to the $60,108 low.

Bitcoin is currently trading above $62,500 and the 100-hour simple moving average. Immediate resistance is near the $63,800 level. The next major resistance could be $64,500, above which the price may rise towards the $65,000 resistance zone.

Source: TradingView.com BTCUSD

If the bulls remain active, the price may cross $65,000 and test $65,500. Any more profits could lead the price towards the 1.618 Fib extension level, moving downward from the $63,583 swing high to the $65,730 low of $60,108.

Are dips supported in BTC?

If Bitcoin fails to rise above the $64,000 resistance zone, another downward correction could begin. Immediate support for the downside is near the $62,750 level.

The first major support is at $62,250 or the 100-hour SMA. If there is a close below $62,250, the price could begin a significant pullback towards the $61,000 area. Any more losses could lead the price towards the $60,000 support area.

Technical indicators:

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

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

Key support levels – $62,750, then $62,250.

Key resistance levels – $63,800, $65,000 and $65,730.

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

Investors are the main level of support of the eyes.

June 6, 2025

Bitcoin prices slide again, causing new fear of deeper modifications.

June 5, 2025

The price is farther, and the investor of EDGE

June 5, 2025
Add A Comment

Comments are closed.

Recent Posts

Vaneck launches GPZ ETF for alternative asset managers.

June 7, 2025

Apple, X, Airbnb Eye Stablecoin Integration

June 7, 2025

Strategy to raise almost $ 1B by STRD priority proposal for BTC accumulation

June 7, 2025

Hash research CEO is appointed chief policy officer at the presidential office

June 7, 2025

Thorchain integrates the director of the XRP to facilitate the distributed swap.

June 7, 2025

Thorchain integrates the director of the XRP to facilitate the distributed swap.

June 7, 2025

Coinbase adds a pancake swap to Roadmap to Surges for BNB Chain Dex to record $ 173,000,000 in monthly.

June 7, 2025

Nautilus launches anti -tamper prevention Oracles in Sui Mainnet.

June 7, 2025

Binance Alpha Listing Drive Skating Token Price 33%

June 7, 2025

Data Center security improvement: Role and risk of base board management controller

June 7, 2025

Is the Solana -SOL route that is involved in whale movements still alive for $ 160?

June 7, 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

Vaneck launches GPZ ETF for alternative asset managers.

June 7, 2025

Apple, X, Airbnb Eye Stablecoin Integration

June 7, 2025

Strategy to raise almost $ 1B by STRD priority proposal for BTC accumulation

June 7, 2025
Most Popular

Solana price hits 3-month high as data hints at SOL rally above $200.

October 29, 2024

Solana Near Major Breakout, Can SOL Reach $299?

November 25, 2024

A top crypto analyst says the Ethereum rival, which has exploded more than 500% since the start of the year, is set to tear again.

December 7, 2023
  • 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.