<\/p>\n
Bitcoin price started a fresh increase and cleared the $74,650 zone. BTC is consolidating and might aim for more gains above the $75,500 level.<\/em><\/p>\n Bitcoin price found support near $73,200 and started a fresh increase<\/a>. BTC gained pace for a move above the $73,650 and $74,000 resistance levels.<\/p>\n There was a break above a bearish trend line with resistance at $74,800 on the hourly chart of the BTC\/USD pair. A high was formed at $75,500, and the price is now correcting gains. There was a move below the 23.6% Fib retracement level of the upward move<\/a> from the $73,310 swing low to the $75,500 high.<\/p>\n Bitcoin is now trading above $74,200 and the 100 hourly simple moving average. If the price remains stable above $73,800, it could attempt a fresh increase. Immediate resistance is near the $75,000 level. The first key resistance is near the $75,500 level. A close above the $75,500 resistance might send the price further higher. In the stated case, the price could rise and test the $76,200 resistance. Any more gains might send the price toward the $77,400 level. The next barrier for the bulls could be $78,000.<\/p>\n If Bitcoin fails to rise above the $75,000 resistance zone, it could start another decline. Immediate support is near the $74,150 level and the 61.8% Fib retracement level of the upward move from the $73,310 swing low to the $75,500 high. The first major support is near the $73,650 level.<\/p>\n The next support is now near the $73,300 zone. Any more losses might send the price toward the $72,000 support in the near term. The main support now sits at $71,200, below which BTC might struggle to recover in the near term.<\/p>\n Technical indicators:<\/p>\n Hourly MACD \u2013 The MACD is now losing pace in the bullish zone.<\/p>\n Hourly RSI (Relative Strength Index) \u2013 The RSI for BTC\/USD is now below the 50 level.<\/p>\n Major Support Levels \u2013 $73,650, followed by $73,300.<\/p>\n Major Resistance Levels \u2013 $75,000 and $75,500.<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":" Bitcoin price started a fresh increase and cleared the $74,650 zone. BTC is consolidating and might aim for more gains above the $75,500 level. Bitcoin managed to stay above $73,500 and started a fresh increase. The price is trading above $74,200 and the 100 hourly simple moving average. There was a break above a bearish […]<\/p>\n","protected":false},"author":2,"featured_media":424653,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[235,203,210,234,231,232,237,238,236,233],"class_list":["post-424652","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-blockchain","tag-bitcoin","tag-crypto-currency","tag-elon-musk","tag-ethereum","tag-hyperledger","tag-ibm","tag-mining","tag-nodes","tag-spacex","tag-tesla"],"_links":{"self":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/424652","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/comments?post=424652"}],"version-history":[{"count":1,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/424652\/revisions"}],"predecessor-version":[{"id":424654,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/424652\/revisions\/424654"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media\/424653"}],"wp:attachment":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media?parent=424652"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/categories?post=424652"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/tags?post=424652"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}\n
Bitcoin Price Eyes Upside Break<\/h2>\n
Another Drop In BTC?<\/h2>\n