Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • ADOPTION
  • TRADING
  • HACKING
  • SLOT
  • CASINO
Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • ADOPTION
  • TRADING
  • HACKING
  • SLOT
  • CASINO
Crypto Flexs
Home»EXCHANGE NEWS»Can it recover after earnings revision?
EXCHANGE NEWS

Can it recover after earnings revision?

By Crypto FlexsOctober 8, 20242 Mins Read
Facebook Twitter Pinterest LinkedIn Tumblr Email
Can it recover after earnings revision?
Share
Facebook Twitter LinkedIn Pinterest Email

This article is also available in Spanish.

Bitcoin price has struggled to continue rising above the $64,400 level. BTC is correcting gains and trading near the $62,500 support zone.

  • Bitcoin is holding gains above the $62,500 area.
  • 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 break has occurred below the connecting bullish trendline with support at $63,000.
  • Unless the price closes below the $61,650 area, the pair could begin another increase.

Bitcoin price corrects profits

Bitcoin price rose above $63,500. BTC also passed the $64,200 resistance zone. However, the bears were active below $64,500.

It traded as high as $64,419 and the price is currently correcting an upward trend. It moved below the $64,000 and $63,500 levels. The price fell below the 50% Fib retracement level rising from the $61,723 swing low to the $64,41 high.

Moreover, on the hourly chart of the BTC/USD pair, a break occurred below the connecting bullish trendline with support at $63,000. Bitcoin price is currently trading above $62,500 and the 100-hour simple moving average. The bulls are also protecting the 76.4% Fib retracement level from the $61,723 swing low to the $64,41 high.

On the other hand, the price may face resistance near $63,000. The first major resistance is near the $63,200 level. A clear break above the $63,200 resistance could push the price higher. The next major resistance could be $64,000.

Source: TradingView.com BTCUSD

A break above the $64,000 resistance could lead to further gains. If stated, the price could move higher to test the $64,400 resistance level. Any more gains may push the price towards the $65,500 resistance level.

Will there be more losses in BTC?

If Bitcoin fails to rise above the $63,200 resistance zone, another decline could begin. Immediate support for the downside is near the $62,500 level.

The first major support is near the $61,750 level. The next support is now near the $61,200 area. If more losses occur, the price may head towards the $60,000 support 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 below the 50 level.

Key support levels – $62,500, $61,750.

Key resistance levels – $63,200 and $64,000.

Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

Ethereum (ETH), SEI (Sei), and Bonk (Bonk) gathered in July, but one token is prepared to dominate next.

August 10, 2025

Are Monero in danger? Five orphan blocks were found during the Cubic Mining War.

August 7, 2025

Mara raises hashrates, reaches 50K Bitcoin, and plans to expand

August 4, 2025
Add A Comment

Comments are closed.

Recent Posts

A Global Initiative To Transform Crypto Education From The Ground Up

August 11, 2025

Cango Inc. Acquires 50 MW Bitcoin Mining Facility In Georgia, Laying Groundwork For Future Energy Strategy

August 11, 2025

SIM Mining Cloud Mining Allows Global Investors To Easily Earn BTC And DOGE Profits Using Just Their Smartphones (daily Income Of $23,999 USD)

August 11, 2025

MultiBank Group Delivers Record H1 Results With $209M Revenue And MBG Token Driving 7X Returns Since Launch.

August 11, 2025

The Animoca brand invests in a nice cat

August 11, 2025

Is Alt Season finally here, just as Ether Lee’s tearing and a small cap follows?

August 11, 2025

Flareonix airdrop is live! Under the share of 100m FXP today!

August 11, 2025

Carv can be used for transactions!

August 10, 2025

Ethereum (ETH), SEI (Sei), and Bonk (Bonk) gathered in July, but one token is prepared to dominate next.

August 10, 2025

Floki and OnDo expand their profits as Robinhood Listing strengthens.

August 10, 2025

Vitalik Buterin regains the title of ‘Onchain Billionaire’, where ether reaches $ 4.2K.

August 10, 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

A Global Initiative To Transform Crypto Education From The Ground Up

August 11, 2025

Cango Inc. Acquires 50 MW Bitcoin Mining Facility In Georgia, Laying Groundwork For Future Energy Strategy

August 11, 2025

SIM Mining Cloud Mining Allows Global Investors To Easily Earn BTC And DOGE Profits Using Just Their Smartphones (daily Income Of $23,999 USD)

August 11, 2025
Most Popular

Glassnode: Reveals new metrics to identify seller fatigue over multiple time periods

May 14, 2024

Aleph Zero launches first EVM-compatible ZK privacy layer with sub-second proof time

June 20, 2024

Market Outlook #260 – Altcoin Trader’s Blog

March 21, 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.