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 bearish trend line forming with resistance at $77,050 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair might gain bullish momentum if it settles above the $77,450 zone. Bitcoin Price Eyes Fresh Gains Bitcoin price remained supported above the $75,000 zone. BTC formed a base and settled above $76,200 to start a recovery wave. There was a move above the $76,500 and $76,600 levels. 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. Bitcoin is now trading above $76,500 and the 100 hourly simple moving average. 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. 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. Another Decline In BTC? If Bitcoin fails to rise above the $77,450 resistance zone, it could start another decline. Immediate support is near the $76,150 level. 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. Technical indicators: Hourly MACD – The MACD is now gaining pace in the bullish zone. Hourly RSI (Relative Strength Index) – The RSI for BTC/USD is now above the 50 level. Major Support Levels – $76,150, followed by $75,650. Major Resistance Levels – $77,450 and $79,000.

بدأ سعر البيتكوين موجة تعافي، حيث ارتفع فوق مستوى 76,500 دولار وشكل قاعدة فوق 76,000 دولار. ومع ذلك، يواجه مقاومة كبيرة بالقرب من مستوى 77,450 دولار، مع ظهور اتجاهات هبوطية بينما يراقب المتداولون السوق عن كثب.

El precio de Bitcoin ha iniciado una ola de recuperación, subiendo por encima de los 76,500 dólares y formando una base por encima de los 76,000 dólares. Sin embargo, enfrenta una resistencia significativa cerca del nivel de 77,450 dólares, con tendencias bajistas emergentes mientras los traders monitorean el mercado de cerca.

Le prix du Bitcoin a lancé une vague de reprise, dépassant la barre des 76 500 $ et formant une base au-dessus de 76 000 $. Cependant, il fait face à une résistance significative près du niveau de 77 450 $, avec des tendances baissières émergentes alors que les traders surveillent le marché de près.

Bitcoin's price has initiated a recovery wave, climbing above the $76,500 mark and forming a base above $76,000. However, it faces significant resistance near the $77,450 level, with bearish trends emerging as traders monitor the market closely.