Bitcoin price is consolidating gains above the $69,000 support zone. BTC must clear the $71,500 resistance zone to start a steady increase.

• Bitcoin price is still showing positive signs and facing resistance near $71,500.
• Intengo ihweba ngaphezu kuka-$69,000 kanye nesilinganiso esihambayo esiyihora esiyi-100.
• There is a major bullish trend line forming with support at $69,120 on the hourly chart of the BTC/USD pair (data feed from Kraken).
• Umbhangqwana ungaqala okunye ukunyuka uma usula indawo yokumelana ne-$ 71,500.

Intengo ye-Bitcoin Ibamba Ukusekela

Intengo yeBitcoin yahlala ku- indawo enhle above the $68,800 resistance zone. BTC climbed higher the $70,000 resistance zone, but the bears were active near the $71,500 level.

There were more than two attempts to clear the $71,500 level but the bulls failed. There was a downside correction, and the price tested the $68,400 support. A low was formed at $68,366 and the price is now starting a decent increase.

There was a move above the 23.6% Fib retracement level of the downward move from the $71,746 swing high to the $68,366 low. Bitcoin is now trading above $69,000 and the 100 ngehora Isilinganiso esihambayo esilula. There is also a major bullish trend line forming with support at $69,120 on the hourly chart of the BTC/USD pair.

Immediate resistance is near the $70,000 level or the 50% Fib retracement level of the downward move from the $71,746 swing high to the $68,366 low. The first major resistance could be $71,200.

Source: I-BTCUSD ku- TradingView.com

The main resistance is still near $71,500. If there is a clear move above the $71,500 resistance zone, the price could continue to gain strength. In the stated case, the price could even clear the $72,500 resistance zone in the near term.

Ukulahlekelwa Okungaphezulu Ku-BTC?

Uma i-Bitcoin yehluleka ukukhuphuka ngaphezu kwendawo yokumelana ne-$71,200, ingaqala okunye ukwehla. Ukwesekwa okusheshayo ohlangothini oluphansi kuseduze nezinga lika-$69,200 kanye nomugqa wethrendi.

The first major support is $68,400. The next support sits at $67,500. If there is a close below $67,500, the price could start a drop toward the $66,000 level. Any more losses might send the price toward the $66,000 support zone in the near term.

Izinkomba zobuchwepheshe:

Ihora ne-MACD - I-MACD manje isilahlekelwa ijubane endaweni ye-bearish.

I-RSI ngehora (Isihlobo Samandla Esihlobene) - I-RSI ye-BTC / USD manje ingaphezu kwezinga lama-50.

Amazinga Okusekelwa Amakhulu - $ 68,400, alandelwa ama- $ 67,000.

Izinga Elikhulu Lokumelana - $ 70,000, $ 71,500, kanye ne- $ 73,500.

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• Source: https://www.newsbtc.com/analysis/btc/bitcoin-price-faces-uphill-task-70k/