Bitcoin Stays Strong, Wait to See $60K!
Bitcoin kept its rally above the $57,000 line since last night. BTC could continue to rise if it stays strong above the $56,000 support zone.
The price is now trading around $57,200 and above the 100 hourly simple moving average. It can be seen from the hourly chart below that there is a strong support line above $54,000. The BTC/USDT pair is correcting gains, but the bulls could remain active near $56,000. By now, the first key resistance line is focused on $57,500, which is expected to turn to a support line. Then Bitcoin approaches more to the coveted $60,000.
However, if Bitcoin fails to clear the $57,500 resistance line, it could correct lower. And it is supposed to back to the $56,200 level at first, but it won't dip far. Though Bitcoin has the potential for a downturn, it is still showing a powerful uptrend now.
Technical indicators:
Hourly MACD – The MACD is slowly gaining pace in the bearish zone.
Hourly RSI – The RSI is now near the 50-level.
Major Support Levels – $56,600, followed by $56,200.
Major Resistance Levels – $57,500, $57,700 and $58,000.
The price is now trading around $57,200 and above the 100 hourly simple moving average. It can be seen from the hourly chart below that there is a strong support line above $54,000. The BTC/USDT pair is correcting gains, but the bulls could remain active near $56,000. By now, the first key resistance line is focused on $57,500, which is expected to turn to a support line. Then Bitcoin approaches more to the coveted $60,000.
However, if Bitcoin fails to clear the $57,500 resistance line, it could correct lower. And it is supposed to back to the $56,200 level at first, but it won't dip far. Though Bitcoin has the potential for a downturn, it is still showing a powerful uptrend now.
Technical indicators:
Hourly MACD – The MACD is slowly gaining pace in the bearish zone.
Hourly RSI – The RSI is now near the 50-level.
Major Support Levels – $56,600, followed by $56,200.
Major Resistance Levels – $57,500, $57,700 and $58,000.
כתב ויתור
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