<\/p>\n
Bitcoin price started a recovery wave above the $76,500 zone. BTC is consolidating and might aim for more gains if it clears the $77,450 resistance zone.<\/em><\/p>\n Bitcoin price remained supported above the $75,000 zone. BTC formed a base and settled above $76,200 to start a recovery wave<\/a>. There was a move above the $76,500 and $76,600 levels.<\/p>\n The bulls were able to push the price above the 50% Fib retracement level of the downward move from the $78,100 swing high to the $74,209 low. However, the bears are active near $77,000. There is also a bearish trend line forming with resistance at $77,050 on the hourly chart of the BTC\/USD pair.<\/p>\n Bitcoin is now trading above $76,500 and the 100 hourly simple moving average<\/a>. If the price remains stable above $77,050, it could attempt a fresh increase. Immediate resistance is near the $77,450 level or the 83.2% Fib retracement level of the downward move from the $78,100 swing high to the $74,209 low.<\/p>\n The first key resistance is near the $78,000 level. A close above the $78,000 resistance might send the price further higher. In the stated case, the price could rise and test the $79,000 resistance. Any more gains might send the price toward the $81,500 level. The next barrier for the bulls could be $82,000.<\/p>\n If Bitcoin fails to rise above the $77,450 resistance zone, it could start another decline. Immediate support is near the $76,150 level.<\/p>\n The first major support is near the $75,650 level. The next support is now near the $76,000 zone. Any more losses might send the price toward the $75,000 support in the near term. The main support now sits at $74,200, below which BTC might struggle to recover in the near term.<\/p>\n Technical indicators:<\/p>\n Hourly MACD \u2013 The MACD is now gaining pace in the bullish zone.<\/p>\n Hourly RSI (Relative Strength Index) \u2013 The RSI for BTC\/USD is now above the 50 level.<\/p>\n Major Support Levels \u2013 $76,150, followed by $75,650.<\/p>\n Major Resistance Levels \u2013 $77,450 and $79,000.<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":" Bitcoin price started a recovery wave above the $76,500 zone. BTC is consolidating and might aim for more gains if it clears the $77,450 resistance zone. Bitcoin managed to form a base above $76,000 and started a recovery wave. The price is trading above $76,500 and the 100 hourly simple moving average. There is a […]<\/p>\n","protected":false},"author":2,"featured_media":428326,"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-428324","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\/428324","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=428324"}],"version-history":[{"count":1,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/428324\/revisions"}],"predecessor-version":[{"id":428329,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/428324\/revisions\/428329"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media\/428326"}],"wp:attachment":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media?parent=428324"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/categories?post=428324"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/tags?post=428324"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}\n
Bitcoin Price Eyes Fresh Gains<\/h2>\n
Another Decline In BTC?<\/h2>\n