Bitcoin (BTC), which settled just below the ATH level of $64,854 with a 3% rise as of yesterday, broke this level as of today and signed a new ATH.
Throwing a needle up to $ 67,000 with the breaking of the previous peak, BTC reached a market value of $ 1.26 trillion, while the general market value of cryptos reached $ 2.63 trillion. After the new ATH, the price, which has experienced some decline, said that I will not stay here, while BTC finds buyers over $ 66,800 as of the time of publication.
New Support And Resistance Levels!
The price, which managed to break the range of $ 61,200 – $ 62,400, which is an important area for Bitcoin as of April’s price movements, as of yesterday, managed to break another resistance today.
With the candle closing above $62,400 on the 4-Hour chart, BTC, which advanced to the next resistance, $64,365, broke this resistance at the end of five candles and reached $ 67,000. Continuing to stay above the next resistance level, $66,381, BTC’s next candle closings above this level may allow the rise to continue uninterrupted.
At this point, the most important resistance area in front of the rise is thought to be the range of 68,397 – 68,944 dollars, while the price closes a candle above this range, which may bring the next resistance levels 71,267 – 74,924 – 78,956 and finally 81,450 dollars. Investors can use these levels to gradually take profits. In addition, traders who have not bought or want to add can see the opportunity for the price to come to the green ascending trend line or possible corrections to the $ 64,365 and $ 62,400 levels.
Finally, the expected rise in BTC, that is, the possibility that the bull season has started, indicates that the RSI, which is currently at the overbought level, may continue in this way for a while. Here, we advise investors to act by determining support, buying resistance and selling point without fear of FOMO, that is, losing the opportunity.
*The above are not investment advice, please take your own investment decisions yourself.