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    Home»Bitcoin»Bitcoin Holds The Line—However Can It Bounce Again or Break Decrease?
    Bitcoin Holds The Line—However Can It Bounce Again or Break Decrease?
    Bitcoin

    Bitcoin Holds The Line—However Can It Bounce Again or Break Decrease?

    By Crypto EditorApril 11, 2025No Comments3 Mins Read
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    Bitcoin Holds The Line—However Can It Bounce Again or Break Decrease?

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    Bitcoin value began a recent enhance above the $80,000 zone. BTC is now correcting features and may wrestle to remain above the $79,500 help.

    • Bitcoin began a recent enhance above the $80,000 zone.
    • The worth is buying and selling above $79,500 and the 100 hourly Easy transferring common.
    • There’s a new connecting bearish development line forming with resistance at $80,500 on the hourly chart of the BTC/USD pair (knowledge feed from Kraken).
    • The pair might begin one other enhance if it clears the $80,500 zone.

    Bitcoin Value Dips Once more

    Bitcoin value began a recent enhance above the $77,500 zone. BTC shaped a base and gained tempo for a transfer above the $79,500 and $80,000 resistance ranges.

    The bulls pumped the value above the $82,500 resistance. A excessive was shaped at $83,548 and the value just lately began a draw back correction. There was a transfer under the $81,500 help. The worth dipped under the 23.6% Fib retracement degree of the upward transfer from the $74,572 swing low to the $83,548 excessive.

    Bitcoin value is now buying and selling above $79,200 and the 100 hourly Easy transferring common. On the upside, quick resistance is close to the $80,500 degree. There may be additionally a brand new connecting bearish development line forming with resistance at $80,500 on the hourly chart of the BTC/USD pair.

    Bitcoin Price
    Supply: BTCUSD on TradingView.com

    The primary key resistance is close to the $81,500 degree. The subsequent key resistance might be $82,500. An in depth above the $82,500 resistance may ship the value additional increased. Within the acknowledged case, the value might rise and take a look at the $83,500 resistance degree. Any extra features may ship the value towards the $85,000 degree.

    Extra Losses In BTC?

    If Bitcoin fails to rise above the $80,500 resistance zone, it might proceed to maneuver down. Rapid help on the draw back is close to the $79,500 degree. The primary main help is close to the $79,000 degree and the 50% Fib retracement degree of the upward transfer from the $74,572 swing low to the $83,548 excessive.

    The subsequent help is now close to the $78,000 zone. Any extra losses may ship the value towards the $76,500 help within the close to time period. The primary help sits at $75,000.

    Technical indicators:

    Hourly MACD – The MACD is now dropping tempo within the bullish zone.

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

    Main Help Ranges – $79,500, adopted by $79,000.

    Main Resistance Ranges – $80,500 and $81,500.



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