{"id":880,"date":"2024-10-25T05:00:22","date_gmt":"2024-10-25T05:00:22","guid":{"rendered":"https:\/\/ad-doge.com\/blog\/bitcoin-price-eyes-further-gains-can-it-keep-climbing\/"},"modified":"2024-10-25T05:00:22","modified_gmt":"2024-10-25T05:00:22","slug":"bitcoin-price-eyes-further-gains-can-it-keep-climbing","status":"publish","type":"post","link":"https:\/\/ad-doge.com\/blog\/bitcoin-price-eyes-further-gains-can-it-keep-climbing\/","title":{"rendered":"Bitcoin Price Eyes Further Gains: Can It Keep Climbing?"},"content":{"rendered":"<p><em>Bitcoin price is attempting a fresh increase above the $37,000 zone. BTC could gain pace if it clears the $68,800 resistance zone.<\/em><\/p>\n<ul>\n<li>Bitcoin started a fresh increase from the $65,200 zone.<\/li>\n<li>The price is trading above $67,500 and the 100 hourly Simple moving average.<\/li>\n<li>There is a new connecting bullish trend line forming with support at $67,450 on the hourly chart of the BTC\/USD pair (data feed from Kraken).<\/li>\n<li>The pair could gain bullish momentum if it clears the $68,800 resistance zone.<\/li>\n<\/ul>\n<h2>Bitcoin Price Starts Fresh Increase<\/h2>\n<p>Bitcoin price found support near the $65,200 zone. A low was formed at $65,199 and the price started a fresh increase above the $67,000 resistance.<\/p>\n<p>The price climbed above the $67,500 and $68,000 levels. It even cleared the $68,500 level. A high was formed at $68,794 and the price is now consolidating gains. There was a minor decline below the $68,000 level. The price dipped below the 23.6% Fib retracement level of the upward move from the $65,199 swing low to the $68,794 high.<\/p>\n<p>Bitcoin price is now trading above $67,500 and the 100 hourly Simple moving average. There is also a new connecting bullish trend line forming with support at $67,450 on the hourly chart of the BTC\/USD pair.<\/p>\n<p>On the upside, the price could face resistance near the $68,250 level. The first key resistance is near the $68,500 level. A clear move above the $68,500 resistance might send the price higher. The next key resistance could be $68,800.<\/p>\n<p><img decoding=\"async\" data-recalc-dims=\"1\" loading=\"lazy\" class=\"wp-image-649758 size-full\" src=\"https:\/\/www.newsbtc.com\/wp-content\/uploads\/2024\/10\/Bitcoin_94db84.png?resize=1024%2C478\" alt=\"Bitcoin Price\" width=\"1024\" height=\"478\" \/><\/p>\n<p>A close above the $68,800 resistance might initiate more gains. In the stated case, the price could rise and test the $69,500 resistance level. Any more gains might send the price toward the $70,000 resistance level.<\/p>\n<h2>Another Decline In BTC?<\/h2>\n<p>If Bitcoin fails to rise above the $68,500 resistance zone, it could start another decline. Immediate support on the downside is near the $67,800 level.<\/p>\n<p>The first major support is near the $67,500 level and the trend line. The next support is now near the $67,000 zone and the 50% Fib retracement level of the upward move from the $65,199 swing low to the $68,794 high. Any more losses might send the price toward the $66,000 support in the near term.<\/p>\n<p>Technical indicators:<\/p>\n<p>Hourly MACD \u2013 The MACD is now losing pace in the bullish zone.<\/p>\n<p>Hourly RSI (Relative Strength Index) \u2013 The RSI for BTC\/USD is now above the 50 level.<\/p>\n<p>Major Support Levels \u2013 $67,500, followed by $67,000.<\/p>\n<p>Major Resistance Levels \u2013 $68,500, and $68,800.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Bitcoin price is attempting a fresh increase above the $37,000 zone. BTC could gain pace if it clears the $68,800 resistance zone. Bitcoin started a fresh increase from the $65,200 zone. The price is trading above $67,500 and the 100 hourly Simple moving average. There is a new connecting bullish trend line forming with support&hellip;<\/p>\n","protected":false},"author":1,"featured_media":881,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[142],"tags":[22,29,32,35,36,154],"class_list":["post-880","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-btc","tag-bitcoin","tag-bitcoin-price","tag-btc","tag-btcusd","tag-btcusdt","tag-xbtusd"],"_links":{"self":[{"href":"https:\/\/ad-doge.com\/blog\/wp-json\/wp\/v2\/posts\/880","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/ad-doge.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/ad-doge.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/ad-doge.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/ad-doge.com\/blog\/wp-json\/wp\/v2\/comments?post=880"}],"version-history":[{"count":0,"href":"https:\/\/ad-doge.com\/blog\/wp-json\/wp\/v2\/posts\/880\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/ad-doge.com\/blog\/wp-json\/wp\/v2\/media\/881"}],"wp:attachment":[{"href":"https:\/\/ad-doge.com\/blog\/wp-json\/wp\/v2\/media?parent=880"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ad-doge.com\/blog\/wp-json\/wp\/v2\/categories?post=880"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ad-doge.com\/blog\/wp-json\/wp\/v2\/tags?post=880"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}