• Dapps: 16.23K
  • Blockchains: 78
  • Active users: 66.47M
  • 30d volume: $303.26B
  • 30d transactions: $879.24M

Bitcoin Hits $64,000 Resistance Zone

by

2 hours ago


Today, the Bitcoin market opened with a significant gain in the Asian market, witnessing an increase of 1.64% and hitting the resistance zone under $64,000. Let's examine the chart and potential forecasts.

BTC Correction and Resistance

Since the formation of the 'Cup and Handle' pattern, Bitcoin has been on a corrective path, breaking through resistance zones. The current $64,000 zone is significant, as it was previously an all-time high for BTC. Bitcoin is expected to attempt another breakthrough at this resistance.

Moving Averages and Their Importance

The current moving averages show a rising price trend. The crossover of the 200 moving average with smaller ones indicates an approaching 'golden cross' on the Bitcoin hourly chart, which may lead to breaking the $64,000 resistance.

Bitcoin Liquidity Zones

The current liquidity map indicates most liquidity lies below the current price. Meanwhile, whales are shorting BTC, potentially setting a trap, strengthening the bullish momentum.

History often shows how suddenly the Bitcoin market changes, surprising traders. It's important to stay alert to avoid potential losses.

0

Share

Other news

Крупные разблокировки токенов для SOL, TAO, ADA: что ждать инвесторам?

На этой неделе ожидаются крупные разблокировки токенов для SOL, TAO, ADA и других криптовалют, что может повлиять на рынки.

16 minutes ago

Large Token Unlocks for SOL, TAO, ADA: What Should Investors Expect?

This week, major token unlocks are expected for SOL, TAO, ADA, and other cryptocurrencies, potentially impacting the markets.

16 minutes ago

US Homeland Security остановила более 500 атак с 2021 года

С 2021 года подразделение Homeland Security предотвратило более 500 кибератак и изъяло криптовалюту на сумму 4,3 млрд долларов.

16 minutes ago

US Homeland Security thwarted over 500 attacks since 2021

Since 2021, Homeland Security has prevented over 500 cyber attacks and seized $4.3 billion worth of cryptocurrency.

16 minutes ago

ВЭФ: Роль регуляторных песочниц в стимулировании инноваций в DeFi

ВЭФ подчеркивает важность регуляторных песочниц для развития и прозрачности инноваций в сфере DeFi.

17 minutes ago

WEF: The Role of Regulatory Sandboxes in Driving DeFi Innovation

WEF underscores the importance of regulatory sandboxes for advancing transparency and risk management in DeFi innovations.

17 minutes ago

dapp expert logo
© 2020. DappExpert. All rights reserved.
© 2020. DappExpert. All rights reserved.

Important disclaimer: The information presented on the Dapp.Expert portal is intended solely for informational purposes and does not constitute an investment recommendation or a guide to action in the field of cryptocurrencies. The Dapp.Expert team is not responsible for any potential losses or missed profits associated with the use of materials published on the site. Before making investment decisions in cryptocurrencies, we recommend consulting a qualified financial advisor.