{"id":996,"date":"2024-10-31T06:00:22","date_gmt":"2024-10-31T06:00:22","guid":{"rendered":"https:\/\/ad-doge.com\/blog\/bitcoin-price-targets-fresh-ath-will-it-make-history-again\/"},"modified":"2024-10-31T06:00:22","modified_gmt":"2024-10-31T06:00:22","slug":"bitcoin-price-targets-fresh-ath-will-it-make-history-again","status":"publish","type":"post","link":"https:\/\/ad-doge.com\/blog\/bitcoin-price-targets-fresh-ath-will-it-make-history-again\/","title":{"rendered":"Bitcoin Price Targets Fresh ATH: Will It Make History Again?"},"content":{"rendered":"<p><em>Bitcoin price is consolidating above the $72,000 zone. BTC is showing positive signs and might soon aim for a new all-time high.<\/em><\/p>\n<ul>\n<li>Bitcoin started a fresh increase above the $71,000 zone.<\/li>\n<li>The price is trading above $71,500 and the 100 hourly Simple moving average.<\/li>\n<li>There is a key bullish trend line forming with support at $69,500 on the hourly chart of the BTC\/USD pair (data feed from Kraken).<\/li>\n<li>The pair is consolidating gains and might rise above the $73,500 resistance zone.<\/li>\n<\/ul>\n<h2>Bitcoin Price Eyes More Upsides<\/h2>\n<p>Bitcoin price remained strong above the $70,500 zone. BTC formed a base and started a fresh increase above the $72,000 resistance. The bulls were able to pump the price above the $72,500 resistance.<\/p>\n<p>The price regained strength and cleared the $73,200 level. A high was formed at $73,574 and the price is now consolidating gains. There was a minor decline below the $73,000 level. The price tested the 23.6% Fib retracement level of the upward wave from the $65,530 swing low to the $73,574 high.<\/p>\n<p>Bitcoin price is now trading above $71,500 and the 100 hourly Simple moving average. There is also a key bullish trend line forming with support at $69,500 on the hourly chart of the BTC\/USD pair.<\/p>\n<p>On the upside, the price could face resistance near the $73,000 level. The first key resistance is near the $73,500 level. A clear move above the $73,500 resistance might send the price higher. The next key resistance could be $74,200.<\/p>\n<p><img decoding=\"async\" data-recalc-dims=\"1\" loading=\"lazy\" class=\"wp-image-650809 size-full\" src=\"https:\/\/www.newsbtc.com\/wp-content\/uploads\/2024\/10\/Bitcoin_ce61fa.png?resize=1024%2C478\" alt=\"Bitcoin Price\" width=\"1024\" height=\"478\" \/><\/p>\n<p>A close above the $74,200 resistance might initiate more gains. In the stated case, the price could rise and test the $75,500 resistance level. Any more gains might send the price toward the $78,000 resistance level. Any more gains might call for a test of $80,000.<\/p>\n<h2>Are Dips Supported In BTC?<\/h2>\n<p>If Bitcoin fails to rise above the $73,000 resistance zone, it could start a downside correction. Immediate support on the downside is near the $71,650 level.<\/p>\n<p>The first major support is near the $69,500 level, the trend line, and the 50% Fib retracement level of the upward wave from the $65,530 swing low to the $73,574 high. The next support is now near the $68,600 zone. Any more losses might send the price toward the $67,500 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 $71,650, followed by $69,500.<\/p>\n<p>Major Resistance Levels \u2013 $73,000, and $73,500.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Bitcoin price is consolidating above the $72,000 zone. BTC is showing positive signs and might soon aim for a new all-time high. Bitcoin started a fresh increase above the $71,000 zone. The price is trading above $71,500 and the 100 hourly Simple moving average. There is a key bullish trend line forming with support at&hellip;<\/p>\n","protected":false},"author":1,"featured_media":997,"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-996","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\/996","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=996"}],"version-history":[{"count":0,"href":"https:\/\/ad-doge.com\/blog\/wp-json\/wp\/v2\/posts\/996\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/ad-doge.com\/blog\/wp-json\/wp\/v2\/media\/997"}],"wp:attachment":[{"href":"https:\/\/ad-doge.com\/blog\/wp-json\/wp\/v2\/media?parent=996"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ad-doge.com\/blog\/wp-json\/wp\/v2\/categories?post=996"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ad-doge.com\/blog\/wp-json\/wp\/v2\/tags?post=996"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}