Bitcoin’s Price Movements and Future

Bitcoin continues to attract investors’ attention by trading above the $68,500 resistance with the recent positive developments in the market. Experts note that BTC needs to surpass the $70,000 resistance for the upward trend to continue. According to the hourly chart, a strong upward trend and support level are visible around $68,800. As long as this support is maintained, the price may continue its upward trend. Bitcoin’s Upside Potential Bitcoin broke the $67,500 resistance and continued its rise to the $70,300 levels. Although the price has now fallen below $70,000, it continues to trade above $68,000. If Bitcoin can break the $70,300 resistance, it is expected to reach $71,200 and even $73,500 levels in the short term. Bitcoin’s Situation in a Negative Scenario If Bitcoin fails to break the $70,000 resistance, a downward trend could begin. The price could retreat to critical support levels of $67,800 or $65,116, and if […]

Bitcoin’s Price Movements and Future

Bitcoin continues to attract investors’ attention by trading above the $68,500 resistance with the recent positive developments in the market. Experts note that BTC needs to surpass the $70,000 resistance for the upward trend to continue. According to the hourly chart, a strong upward trend and support level are visible around $68,800. As long as this support is maintained, the price may continue its upward trend.

Bitcoin’s Upside Potential

Bitcoin broke the $67,500 resistance and continued its rise to the $70,300 levels. Although the price has now fallen below $70,000, it continues to trade above $68,000. If Bitcoin can break the $70,300 resistance, it is expected to reach $71,200 and even $73,500 levels in the short term.

Bitcoin’s Situation in a Negative Scenario

If Bitcoin fails to break the $70,000 resistance, a downward trend could begin. The price could retreat to critical support levels of $67,800 or $65,116, and if it closes below $66,500, it may drop to $65,350. If this decline continues, Bitcoin may move towards the $62,500 support region.

Technical Indicators

According to technical indicators, the hourly MACD is losing momentum in the bullish zone, while the RSI is hovering near the 50 level. This indicates that the market is in a balanced but uncertain position. Key resistance levels to watch for Bitcoin’s ongoing rise are $69,800 and $71,200.

Useful Information for Readers

Bitcoin needs to surpass the $70,000 resistance to continue its rise.
The $68,800 support level shows an important upward trend.
Breaking the $70,300 resistance could bring a new upward momentum.
A downward trend may begin if the price remains below the $70,000 resistance.
The hourly MACD and RSI indicate a balanced but uncertain market situation.

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