Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • ADOPTION
  • TRADING
  • HACKING
  • SLOT
  • TRADE
Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • ADOPTION
  • TRADING
  • HACKING
  • SLOT
  • TRADE
Crypto Flexs
Home»EXCHANGE NEWS»Bitcoin Price Resurgence: Are You Ready for Another Rally?
EXCHANGE NEWS

Bitcoin Price Resurgence: Are You Ready for Another Rally?

By Crypto FlexsJune 10, 20242 Mins Read
Facebook Twitter Pinterest LinkedIn Tumblr Email
Bitcoin Price Resurgence: Are You Ready for Another Rally?
Share
Facebook Twitter LinkedIn Pinterest Email

Bitcoin price remained above the $68,500 support zone. BTC is currently consolidating and could target a fresh increase above the $70,150 resistance.

  • Bitcoin found support near $68,500 and began a significant recovery.
  • The price is trading below $70,000 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 $69,500.
  • If there is no movement above the $70,150 resistance, the pair may fall again.

Bitcoin price faces resistance

Bitcoin price extended its decline below the $70,000 support level. BTC also fell below the $69,500 level before an uptrend emerged near $68,500. The lowest point was reached at $68,409 and the price is currently recovering.

There was a move above the $69,250 resistance zone. The price broke above the 23.6% Fib retracement level moving down from the $71,900 swing high to the $68,409 low.

Bitcoin is currently trading below $70,000 and the 100-hour simple moving average. However, there is a major bullish trendline with support at $69,500 on the hourly chart of the BTC/USD pair. Meanwhile, the price is finding resistance near $70,000.

Source: TradingView.com BTCUSD

The first major resistance could be $70,150 and the 50% Fib retracement level of a downward move from the $71,900 swing high to the $68,409 low. The next major resistance could be $70,550. A clear break above the $70,550 resistance could push the price higher. If stated, the price could move higher to test the $71,200 resistance. Any more gains could push BTC towards $72,000 resistance.

Another drop in BTC?

If Bitcoin fails to rise above the $70,150 resistance zone, another decline could begin. Immediate support for the downside is near the $69,500 level and trend line.

The first major support is $69,150. The next support is currently forming near $68,500. More losses could lead the price towards the $67,500 support area in the near term.

Technical indicators:

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

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

Key support levels – $69,500, then $68,500.

Key resistance levels – $70,150 and $70,500.

Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

Bitcoin prices return to green -building exercise for more profits

June 26, 2025

Dogecoin (DOGE) after collision

June 23, 2025

Litecoin Key Support in Focus Price Eye Brake Out Determination

June 20, 2025
Add A Comment

Comments are closed.

Recent Posts

Checkpoint #4: Berlinterop | Ether Leeum Foundation Blog

June 28, 2025

TRON Price Propects USDT supply exceeded $ 80 billion

June 28, 2025

Stablecoin startups surpass 2021 venture capital peaks as institutional money spills.

June 28, 2025

No Altcoin Season 2025 ? Why Bitcoin Dominance Is Holding Strong In The Crypto Market

June 28, 2025

Why It Matters For Every Crypto Investor

June 27, 2025

Why It Matters For Every Crypto Investor

June 27, 2025

Safe smart account audit summary

June 27, 2025

CARV’s New Roadmap Signals Next Wave Of Web3 AI

June 27, 2025

CARV’s New Roadmap Signals Next Wave Of Web3 AI

June 27, 2025

Bybit Expands Global Reach With Credit Card Crypto Purchases In 25+ Currencies And Cashback Rewards

June 27, 2025

BYDFi Joins Seoul Meta Week 2025, Advancing Web3 Vision And South Korea Strategy

June 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

Checkpoint #4: Berlinterop | Ether Leeum Foundation Blog

June 28, 2025

TRON Price Propects USDT supply exceeded $ 80 billion

June 28, 2025

Stablecoin startups surpass 2021 venture capital peaks as institutional money spills.

June 28, 2025
Most Popular

The value locked in Defi is close to $50 billion, surging 34.40% in 46 days, led by Top Protocols.

December 3, 2023

DOT price (Polkadot) surges 5% and is poised to surge to $6

December 1, 2023

The FIT21 bill has passed the U.S. House of Representatives.

May 23, 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.