Bitcoin · NewsBTC
Bitcoin price caught support near $60,800 and started a fresh increase
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The bulls even pushed the price above $64,500.
Key facts
- The next support is now near the $63,300 zone or the 50% Fib retracement level of the upward move from the $60,746 swing low to the $65,847 high
- Major Support Levels, $64,650, followed by $64,200
- Bitcoin is now trading above $64,500 and the 100 hourly simple moving average
- Hourly RSI (Relative Strength Index), The RSI for BTC/USD is now above the 50 level
Summary
Strict editorial policy that focuses on accuracy, relevance, and impartiality. Bitcoin price started a fresh increase and cleared the $64,500 zone. Bitcoin managed to stay above $62,500 and started a fresh increase. The price is trading above $64,500 and the 100 hourly simple moving average. There is a bullish trend line forming with support at $64,200 on the hourly chart of the BTC/USD pair (data feed from Kraken).