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

Bitcoin at a crossroads: Is this time to go out or save?

2025-05-13

US Banking Authority knew the path for crypto services at National Banks

2025-05-13

Will Deg Price reach $ 1?

2025-05-13
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

    Tron and Ethereum fight for the USDT top position

    2025-05-13

    Stargate brings Cronos closer to the future of Omnichain

    2025-05-13

    Abu Dhabi launches a large project with Agile Dynamics for quantum -safe blockchain

    2025-05-13

    Zimbabwe is turning into blockchain to breathe new life into the trust of the carbon credit of carbon credit

    2025-05-13

    Atlaspad and Arichain unite to stimulate user-friendly and scalable web3 acceptance

    2025-05-12
  • Web 3
    • NFT
    • Metaverse
  • Regulation

    US Banking Authority knew the path for crypto services at National Banks

    2025-05-13

    SEC chairman atkins repeats himself to overhaul crypto rules, promises to end ‘Regulation by enforcement’

    2025-05-12

    ‘Bond King’ Jeffrey Gundlach calls a catalyst who can cause an interest rate this year

    2025-05-11

    Concern about Trump’s conflict of interest slows down the progress of a broader crypto policy

    2025-05-10

    The German police interrupt $ 38,260,000 in crypto from Exchanges in the midst of allegations. The exchange has been washed bybit funds

    2025-05-10
  • Analysis

    XRP -price recovers profit, but retains its bullish structure

    2025-05-13

    Hyperliquid affects $ 6 billion in open interest while Bitcoin tests $ 105k near price discovery

    2025-05-13

    Cardano (ADA) Dips: Temporary correction or start of deeper movement?

    2025-05-13

    The market capitalization of PI Network jumps $ 7 billion like token skyrockets 110% in a week in the middle of market bending

    2025-05-13

    Can the resistance crush and re -design the rally?

    2025-05-12
  • Learn

    What Is Proof-of-Work (PoW)?

    2025-05-12

    What Is Proof-of-Authority (PoA)?

    2025-05-09

    What Is Proof-of-Stake (PoS)? A Beginner’s Guide

    2025-05-09

    What Is a Layer-1 (L1) Blockchain?

    2025-05-03

    What is a Layer-2 (L2) Blockchain Network Solution?

    2025-05-02
  • Blog
  • Contact
    • Tech7685@gmail.com
Bitcoin Platform – Bitcoin | Altcoins | Blockchain | News Stories Updated Daily
Home»Bitcoin»Will bulls overcome key resistance?
Bitcoin

Will bulls overcome key resistance?

2024-10-14No Comments3 Mins Read
Share
Facebook Twitter LinkedIn Pinterest Email
  • Bitcoin is approaching the $65K resistance as it remains above the $61.3K 21-week EMA for two weeks.
  • Market indicators point to positive momentum, but traders should watch for possible consolidation soon.

Bitcoin [BTC] is approaching a crucial weekly close as it trades at $64,503, showing a price increase of 2.53% in the past 24 hours.

Crypto analyst Rekt Capital noted that BTC is about to close above the 21-week Exponential Moving Average (EMA) of $61,360 for the second week in a row, which could indicate continued bullish momentum. Staying above this level could confirm a stronger uptrend for Bitcoin.

Source:

In addition to the 21-week EMA, BTC is also approaching a close well above a major downtrend line after retesting this level twice in the past two weeks.

Traders are waiting for Bitcoin to maintain its position above both key indicators, allowing bulls to push the price further towards the $65,000 resistance zone.

Major Support and Resistance Levels for Bitcoin

Support around $61,360, which corresponds to the 21-week EMA, is considered an essential level for Bitcoin. If Bitcoin closes above this support, it could indicate a continued rise, consolidating the bullish trend.

On the other hand, resistance around $65,000 is expected to be the next major barrier for Bitcoin.

This area has historically been a difficult level to break, but with growing bullish sentiment, a breakout above $65,000 could pave the way for higher price targets in the coming weeks.

Market indicators point to positive momentum

The BTC/USDT daily chart shows Bitcoin trading between the upper and lower Bollinger Bands, with the latest price action hitting the middle band. This is seen as a sign that the uptrend could continue, especially if the price breaks above the upper Bollinger Band in the coming days.

See also  Bitcoin finds its footing despite the German sell-off as key areas surge

The Awesome Oscillator (AO) is above the zero line, indicating positive market momentum. However, the shrinking histogram bars indicate a possible slowdown in buying pressure.

Source: TradingView

This could mean that Bitcoin is entering a consolidation phase before making its next move. The Aroon indicator also reflects a strong uptrend, with the Aroon-Up line at 71.43%, indicating that buyers are still in control.

The MVRV ratio reflects the growing bullish sentiment

The market value to realized value (MVRV) ratio for Bitcoin currently stands at 2.75, indicating that Bitcoin is trading at a premium compared to its realized value. Historically, an MVRV ratio above 3 often indicates overvaluation and possible market corrections.

However, with the ratio still below this threshold, there is room for further price increases.

Bitcoin’s current MVRV level suggests that the market is still in a bullish phase, but traders should remain cautious as a rising MVRV could indicate a greater likelihood of market corrections.

The past 24 hours saw a 1.27% increase in this ratio, showing that market participants remain optimistic about future price gains.

Source: InTheBlok


Read Bitcoin’s [BTC] Price forecast 2024-25


At the time of writing, Bitcoin had a market capitalization of approximately $1.27 trillion, with a 24-hour trading volume of over $28 billion. This increase in activity supports the current bullish outlook, as higher trading volumes are often accompanied by significant price movements.

Additionally, on-chain data is from DefiLlama shows a Total Value Locked (TVL) of $1.084 billion and 609,844 active addresses in the last 24 hours, reflecting steady user activity and interest in the network.

See also  Bonk ready for launch like Bulls focuses on long-term SMA-Breakout

Next: ASM crypto up +40% in 24 hours – What’s next for the Assemble AI token?

Source link

Bulls Key Overcome Resistance
Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

Bitcoin at a crossroads: Is this time to go out or save?

2025-05-13

Why push the rate of the US-China 90-day Slash Bitcoin price above $ 110,000

2025-05-13

Bitcoin is confronted with key resistance after 10% rally

2025-05-13

Metaplanet now contains more bitcoin than El Salvador, focuses on 10k BTC by 2025

2025-05-13
Add A Comment

Comments are closed.

Top Posts

New details about Trump’s Memecoin leaks from the official website – this is what they intend

2025-05-12

Top Trader Who Caught the 2022 Bitcoin Bottom Predicts a New Yearly High for BTC – Here’s His Goal

2023-09-18

Why is crypto rising today? The main factors behind the increase

2024-10-21
Editors Picks

CBDC will be banned in Florida if US government introduces one, vows Governor Ron DeSantis: report

2023-05-08

Bitcoin is garbage | Web3 Daily

2023-08-24

What’s going on with Polkadot while DOT makes 21% craters in 30 days

2024-01-28

Bitcoin Stabilizes Above $90,000 – Will the Next Move Be Up or Down?

2024-11-18

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

Bitcoin at a crossroads: Is this time to go out or save?

US Banking Authority knew the path for crypto services at National Banks

Will Deg Price reach $ 1?

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)$103,938.570.90%
  • ethereumEthereum(ETH)$2,587.003.17%
  • tetherTether USDt(USDT)$1.000.01%
  • rippleXRP(XRP)$2.56-1.85%
  • binancecoinBNB(BNB)$661.41-1.06%
  • solanaSolana(SOL)$176.960.47%
  • usd-coinUSDC(USDC)$1.000.01%
  • dogecoinDogecoin(DOGE)$0.2380750.94%
  • cardanoCardano(ADA)$0.82-1.45%
  • tronTRON(TRX)$0.269394-1.88%
  • suiSui(SUI)$4.020.45%
  • chainlinkChainlink(LINK)$17.110.74%
  • avalanche-2Avalanche(AVAX)$25.280.92%
  • stellarStellar(XLM)$0.312290-3.66%
  • shiba-inuShiba Inu(SHIB)$0.000016-0.86%
  • hedera-hashgraphHedera(HBAR)$0.214005-4.86%
  • hyperliquidHyperliquid(HYPE)$25.443.45%
  • piPi(PI)$1.203.80%
  • the-open-networkToncoin(TON)$3.36-2.85%
  • bitcoin-cashBitcoin Cash(BCH)$406.64-2.01%
  • polkadotPolkadot(DOT)$5.11-0.96%
  • unus-sed-leoUNUS SED LEO(LEO)$8.641.66%
  • litecoinLitecoin(LTC)$101.890.36%
  • moneroMonero(XMR)$339.550.75%
  • pepePepe(PEPE)$0.0000142.79%
  • bitget-tokenBitget Token(BGB)$4.790.73%
  • daiDai(DAI)$1.000.01%
  • ethena-usdeEthena USDe(USDE)$1.000.01%
  • uniswapUniswap(UNI)$6.95-0.55%
  • bittensorBittensor(TAO)$458.100.29%
  • nearNEAR Protocol(NEAR)$3.18-0.19%
  • aptosAptos(APT)$6.092.33%
  • aaveAave(AAVE)$227.952.55%
  • ondo-financeOndo(ONDO)$1.04-0.40%
  • kaspaKaspa(KAS)$0.1250483.37%
  • okbOKB(OKB)$54.18-0.47%
  • internet-computerInternet Computer(ICP)$5.79-1.28%
  • ethereum-classicEthereum Classic(ETC)$20.181.47%
  • render-tokenRender(RENDER)$5.260.16%
  • crypto-com-chainCronos(CRO)$0.1020121.84%
  • mantleMantle(MNT)$0.81-0.03%
  • official-trumpOFFICIAL TRUMP(TRUMP)$13.532.40%
  • vechainVeChain(VET)$0.031293-1.73%
  • gatechain-tokenGateToken(GT)$21.850.00%
  • polygon-ecosystem-tokenPOL (prev. MATIC)(POL)$0.253446-3.71%
  • ethenaEthena(ENA)$0.4355248.64%
  • usd1World Liberty Financial USD(USD1)$1.00-0.31%
  • filecoinFilecoin(FIL)$3.16-0.46%
  • arbitrumArbitrum(ARB)$0.441684-0.22%
  • algorandAlgorand(ALGO)$0.243715-2.19%
  • bitcoinBitcoin(BTC)$103,938.570.90%
  • ethereumEthereum(ETH)$2,587.003.17%
  • tetherTether USDt(USDT)$1.000.01%
  • rippleXRP(XRP)$2.56-1.85%
  • binancecoinBNB(BNB)$661.41-1.06%
  • solanaSolana(SOL)$176.960.47%
  • usd-coinUSDC(USDC)$1.000.01%
  • dogecoinDogecoin(DOGE)$0.2380750.94%
  • cardanoCardano(ADA)$0.82-1.45%
  • tronTRON(TRX)$0.269394-1.88%
  • suiSui(SUI)$4.020.45%
  • chainlinkChainlink(LINK)$17.110.74%
  • avalanche-2Avalanche(AVAX)$25.280.92%
  • stellarStellar(XLM)$0.312290-3.66%
  • shiba-inuShiba Inu(SHIB)$0.000016-0.86%
  • hedera-hashgraphHedera(HBAR)$0.214005-4.86%
  • hyperliquidHyperliquid(HYPE)$25.443.45%
  • piPi(PI)$1.203.80%
  • the-open-networkToncoin(TON)$3.36-2.85%
  • bitcoin-cashBitcoin Cash(BCH)$406.64-2.01%
  • polkadotPolkadot(DOT)$5.11-0.96%
  • unus-sed-leoUNUS SED LEO(LEO)$8.641.66%
  • litecoinLitecoin(LTC)$101.890.36%
  • moneroMonero(XMR)$339.550.75%
  • pepePepe(PEPE)$0.0000142.79%
  • bitget-tokenBitget Token(BGB)$4.790.73%
  • daiDai(DAI)$1.000.01%
  • ethena-usdeEthena USDe(USDE)$1.000.01%
  • uniswapUniswap(UNI)$6.95-0.55%
  • bittensorBittensor(TAO)$458.100.29%
  • nearNEAR Protocol(NEAR)$3.18-0.19%
  • aptosAptos(APT)$6.092.33%
  • aaveAave(AAVE)$227.952.55%
  • ondo-financeOndo(ONDO)$1.04-0.40%
  • kaspaKaspa(KAS)$0.1250483.37%
  • okbOKB(OKB)$54.18-0.47%
  • internet-computerInternet Computer(ICP)$5.79-1.28%
  • ethereum-classicEthereum Classic(ETC)$20.181.47%
  • render-tokenRender(RENDER)$5.260.16%
  • crypto-com-chainCronos(CRO)$0.1020121.84%
  • mantleMantle(MNT)$0.81-0.03%
  • official-trumpOFFICIAL TRUMP(TRUMP)$13.532.40%
  • vechainVeChain(VET)$0.031293-1.73%
  • gatechain-tokenGateToken(GT)$21.850.00%
  • polygon-ecosystem-tokenPOL (prev. MATIC)(POL)$0.253446-3.71%
  • ethenaEthena(ENA)$0.4355248.64%
  • usd1World Liberty Financial USD(USD1)$1.00-0.31%
  • filecoinFilecoin(FIL)$3.16-0.46%
  • arbitrumArbitrum(ARB)$0.441684-0.22%
  • algorandAlgorand(ALGO)$0.243715-2.19%