Close Menu
  • News
    • Bitcoin
    • Altcoins
    • DeFi
    • Market Cap
  • Blockchain
  • Web 3
    • NFT
    • Metaverse
  • Regulation
  • Analysis
  • Learn
  • Blog
  • Contact
    • Tech7685@gmail.com
What's Hot

Alchemie acquires Solana developer Dexterlab for unknown sum

2025-05-19

Ethereum: Why this analysis company expects ETH $ 6K to hit in 2025

2025-05-19

Ethereum – price cannot break through – what does it stop?

2025-05-19
Facebook X (Twitter) Instagram
  • Contact
  • Terms & Conditions
  • Privacy Policy
  • DMCA
  • Advertise
  • Free.cc (Free Crypto)
Facebook X (Twitter) Instagram
Bitcoin Platform – Bitcoin | Altcoins | Blockchain | News Stories Updated Daily
  • News
    • Bitcoin
    • Altcoins
    • DeFi
    • Market Cap
  • Blockchain

    Alchemie acquires Solana developer Dexterlab for unknown sum

    2025-05-19

    Interlink and Blazpay Partner to improve the user experience in Web3 with AI

    2025-05-19

    Filmmaker David Goyer bets on blockchain for the next sci-fi franchise

    2025-05-19

    Jesse Pollak explains how Pectra Upgrade will overload the basic network

    2025-05-19

    Ice Open Network welcomes Soonchain AI in its online+ ecosystem to stimulate web3 ai-game development

    2025-05-18
  • Web 3
    • NFT
    • Metaverse
  • Regulation

    Trump administration to beat bank rules designed to prevent collapse in 2008 style: report

    2025-05-19

    Mastermind Behind Sec Sim -exchange schedule sentenced to 14 months in prison for manipulating Bitcoin price

    2025-05-18

    Capital One pays $ 425,000,000 to customers after they have reportedly cheated customers from a higher return on bank balance

    2025-05-18

    Myth or reality? Mica and its real impact on the market that dissolve common misconceptions

    2025-05-18

    Judge denies joint bid from Ripple and the SEC to end their long -term legal battle to end XRP

    2025-05-17
  • Analysis

    Ethereum – price cannot break through – what does it stop?

    2025-05-19

    Dogecoin (Doge) is struggling to support profit while Meme Coin cools Mania

    2025-05-19

    Crypto analyst says that Bitcoin correction comes before the outbreak to the new all-time here is his prediction

    2025-05-19

    XRP – Price is struggling to keep the ground – breakdown or breathing break?

    2025-05-19

    The American stock market now looks more favorable than pre-trade war, according to Tom Lee from Fundstrat-Dit why is why

    2025-05-18
  • Learn

    Types of Blockchain Layers Explained: Layer 0, Layer 1, Layer 2 and Layer 3

    2025-05-16

    Token vs. Coin: Key Differences You Must Know as a Beginner

    2025-05-15

    Inside Changelly: 10 years of steadfast support and compliance

    2025-05-15

    What Is Proof-of-Work (PoW)?

    2025-05-12

    What Is Proof-of-Authority (PoA)?

    2025-05-09
  • Blog
  • Contact
    • Tech7685@gmail.com
Bitcoin Platform – Bitcoin | Altcoins | Blockchain | News Stories Updated Daily
Home»Analysis»Bitcoin price rises as Bulls set sights on $65,000
Analysis

Bitcoin price rises as Bulls set sights on $65,000

2024-09-20No Comments3 Mins Read
Share
Facebook Twitter LinkedIn Pinterest Email

This article is available in Spanish.

Bitcoin price rose faster than the USD 61,500 resistance. BTC has even breached the USD 63,300 level and is now consolidating gains above USD 62,500.

  • Bitcoin is gaining pace above the USD 62,200 resistance zone.
  • The price is trading above USD 62,500 and the 100 hourly Simple Moving Average.
  • A major bullish trendline is forming with support at $61,500 on the hourly chart of the BTC/USD pair (data feed from Kraken).
  • The pair could extend gains if it remains above the $61,500 support zone.

Bitcoin price extends gains above $63,000

Bitcoin price extended its rise above the USD 60,500 level. BTC was able to break the USD 61,200 and USD 61,500 resistance levels and move into a positive zone.

The bulls pumped the price above the USD 62,500 and USD 63,000 levels. It reached a high at $63,840 and the price is now consolidating gains. There was a move below the USD 63,500 level. The price fell and tested the 23.6% Fib retracement level of the upward move from the $59,165 swing low to the $63,840 high.

Bitcoin is now trading above $62,500 and the 100 hourly Simple Moving Average. A major bullish trendline is also forming with support at $61,500 on the hourly chart of the BTC/USD pair.

Bitcoin price
Source: BTCUSD on TradingView.com

On the upside, the price could encounter resistance near the USD 63,500 level. The first major resistance is near the $63,800 level. A clear move above the USD 68,400 resistance could push the price higher. The next major resistance could be at USD 64,500. A close above the $64,500 resistance could provide more upside. In the mentioned case, the price could rise and test the USD 65,000 resistance.

See also  Bernstein Analysts Are Convinced Bitcoin is Heading to $150,000, Here's Why

Are dips limited in BTC?

If Bitcoin fails to rise above the USD 63,500 resistance zone, a downward correction could occur. The immediate downside support is near the $62,700 level.

The first major support is $61,500 and the trendline. The next support now lies near the $61,000 zone or the 61.8% Fib retracement level of the upward move from the $59,165 swing low to the $63,840 high. Any further losses could send the price towards the USD 60,500 support in the short term.

Technical indicators:

Hourly MACD – The MACD is now losing pace in the bullish zone.

Hourly RSI (Relative Strength Index) – The RSI for BTC/USD is now above the 50 level.

Major support levels – USD 62,700, followed by USD 61,500.

Major resistance levels – $63,500 and $63,800.

Source link

Bitcoin Bulls Price Rises Set sights
Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

Ethereum – price cannot break through – what does it stop?

2025-05-19

Solana Meme Coin Ponke Set to release assembly objects, clothing via Jcorp Spinout

2025-05-19

Ethereum cools down as Bitcoin Strances: the rotation game of Smart Money Decoding!

2025-05-19

Dogecoin (Doge) is struggling to support profit while Meme Coin cools Mania

2025-05-19
Add A Comment

Comments are closed.

Top Posts

Pi Network Mining: Everything You Need to Know

2023-05-23

Ethereum 2019 correction repeats itself? Analyst Warns Ethereum Could See Bigger Pullback

2024-02-21

Why has crypto fallen today? THIS is an important reason

2024-10-11
Editors Picks

NODO will integrate with MultiversX for improved prediction markets

2024-10-25

Market bottom is not yet

2025-02-05

Bitcoin’s September Predictions – Will Institutions Come to BTC’s Rescue?

2024-09-01

NTT Subsidiary to Launch Crypto Wallet

2024-03-24

Our mission is to develop a community of people who try to make financially sound decisions. The website strives to educate individuals in making wise choices about Cryptocurrencies, Defi, NFT, Metaverse and more.

We're social. Connect with us:

Facebook X (Twitter) Instagram Pinterest YouTube
Top Insights

Alchemie acquires Solana developer Dexterlab for unknown sum

Ethereum: Why this analysis company expects ETH $ 6K to hit in 2025

Ethereum – price cannot break through – what does it stop?

Get Informed

Subscribe to Updates

Get the latest news and Update from Bitcoin Platform about Crypto, Metaverse, NFT and more.

  • Contact
  • Terms & Conditions
  • Privacy Policy
  • DMCA
  • Advertise
  • Free.cc (Free Crypto)
© 2025 Bitcoinplatform.com - All rights reserved.

Type above and press Enter to search. Press Esc to cancel.

  • bitcoinBitcoin(BTC)$104,806.80-0.51%
  • ethereumEthereum(ETH)$2,462.93-3.99%
  • tetherTether USDt(USDT)$1.00-0.03%
  • rippleXRP(XRP)$2.34-3.61%
  • binancecoinBNB(BNB)$646.15-0.93%
  • solanaSolana(SOL)$164.19-6.05%
  • usd-coinUSDC(USDC)$1.00-0.02%
  • dogecoinDogecoin(DOGE)$0.221666-4.92%
  • cardanoCardano(ADA)$0.74-4.48%
  • tronTRON(TRX)$0.264964-2.95%
  • suiSui(SUI)$3.77-4.98%
  • chainlinkChainlink(LINK)$15.45-4.48%
  • avalanche-2Avalanche(AVAX)$22.08-6.60%
  • stellarStellar(XLM)$0.283132-4.43%
  • hyperliquidHyperliquid(HYPE)$25.96-3.65%
  • shiba-inuShiba Inu(SHIB)$0.000014-5.47%
  • hedera-hashgraphHedera(HBAR)$0.191192-3.84%
  • unus-sed-leoUNUS SED LEO(LEO)$8.61-1.13%
  • bitcoin-cashBitcoin Cash(BCH)$385.50-4.79%
  • litecoinLitecoin(LTC)$97.50-3.07%
  • the-open-networkToncoin(TON)$2.96-6.16%
  • polkadotPolkadot(DOT)$4.56-6.41%
  • moneroMonero(XMR)$343.72-0.02%
  • bitget-tokenBitget Token(BGB)$5.15-1.82%
  • pepePepe(PEPE)$0.000013-4.90%
  • daiDai(DAI)$1.000.00%
  • piPi(PI)$0.72-3.00%
  • ethena-usdeEthena USDe(USDE)$1.00-0.01%
  • uniswapUniswap(UNI)$5.84-6.44%
  • bittensorBittensor(TAO)$404.36-7.41%
  • aaveAave(AAVE)$227.90-4.20%
  • nearNEAR Protocol(NEAR)$2.74-5.22%
  • aptosAptos(APT)$5.11-3.35%
  • okbOKB(OKB)$52.03-2.78%
  • ondo-financeOndo(ONDO)$0.92-4.27%
  • kaspaKaspa(KAS)$0.107034-7.21%
  • internet-computerInternet Computer(ICP)$5.16-4.16%
  • ethereum-classicEthereum Classic(ETC)$18.09-4.30%
  • gatechain-tokenGateToken(GT)$21.41-1.42%
  • official-trumpOFFICIAL TRUMP(TRUMP)$12.72-5.06%
  • crypto-com-chainCronos(CRO)$0.094827-5.62%
  • mantleMantle(MNT)$0.73-2.04%
  • polygon-ecosystem-tokenPOL (prev. MATIC)(POL)$0.232944-4.16%
  • vechainVeChain(VET)$0.027734-5.01%
  • render-tokenRender(RENDER)$4.52-5.55%
  • usd1World Liberty Financial USD(USD1)$1.00-0.03%
  • ethenaEthena(ENA)$0.360425-10.00%
  • filecoinFilecoin(FIL)$2.84-3.65%
  • algorandAlgorand(ALGO)$0.219464-4.34%
  • arbitrumArbitrum(ARB)$0.384784-4.15%
  • bitcoinBitcoin(BTC)$104,806.80-0.51%
  • ethereumEthereum(ETH)$2,462.93-3.99%
  • tetherTether USDt(USDT)$1.00-0.03%
  • rippleXRP(XRP)$2.34-3.61%
  • binancecoinBNB(BNB)$646.15-0.93%
  • solanaSolana(SOL)$164.19-6.05%
  • usd-coinUSDC(USDC)$1.00-0.02%
  • dogecoinDogecoin(DOGE)$0.221666-4.92%
  • cardanoCardano(ADA)$0.74-4.48%
  • tronTRON(TRX)$0.264964-2.95%
  • suiSui(SUI)$3.77-4.98%
  • chainlinkChainlink(LINK)$15.45-4.48%
  • avalanche-2Avalanche(AVAX)$22.08-6.60%
  • stellarStellar(XLM)$0.283132-4.43%
  • hyperliquidHyperliquid(HYPE)$25.96-3.65%
  • shiba-inuShiba Inu(SHIB)$0.000014-5.47%
  • hedera-hashgraphHedera(HBAR)$0.191192-3.84%
  • unus-sed-leoUNUS SED LEO(LEO)$8.61-1.13%
  • bitcoin-cashBitcoin Cash(BCH)$385.50-4.79%
  • litecoinLitecoin(LTC)$97.50-3.07%
  • the-open-networkToncoin(TON)$2.96-6.16%
  • polkadotPolkadot(DOT)$4.56-6.41%
  • moneroMonero(XMR)$343.72-0.02%
  • bitget-tokenBitget Token(BGB)$5.15-1.82%
  • pepePepe(PEPE)$0.000013-4.90%
  • daiDai(DAI)$1.000.00%
  • piPi(PI)$0.72-3.00%
  • ethena-usdeEthena USDe(USDE)$1.00-0.01%
  • uniswapUniswap(UNI)$5.84-6.44%
  • bittensorBittensor(TAO)$404.36-7.41%
  • aaveAave(AAVE)$227.90-4.20%
  • nearNEAR Protocol(NEAR)$2.74-5.22%
  • aptosAptos(APT)$5.11-3.35%
  • okbOKB(OKB)$52.03-2.78%
  • ondo-financeOndo(ONDO)$0.92-4.27%
  • kaspaKaspa(KAS)$0.107034-7.21%
  • internet-computerInternet Computer(ICP)$5.16-4.16%
  • ethereum-classicEthereum Classic(ETC)$18.09-4.30%
  • gatechain-tokenGateToken(GT)$21.41-1.42%
  • official-trumpOFFICIAL TRUMP(TRUMP)$12.72-5.06%
  • crypto-com-chainCronos(CRO)$0.094827-5.62%
  • mantleMantle(MNT)$0.73-2.04%
  • polygon-ecosystem-tokenPOL (prev. MATIC)(POL)$0.232944-4.16%
  • vechainVeChain(VET)$0.027734-5.01%
  • render-tokenRender(RENDER)$4.52-5.55%
  • usd1World Liberty Financial USD(USD1)$1.00-0.03%
  • ethenaEthena(ENA)$0.360425-10.00%
  • filecoinFilecoin(FIL)$2.84-3.65%
  • algorandAlgorand(ALGO)$0.219464-4.34%
  • arbitrumArbitrum(ARB)$0.384784-4.15%