Close Menu
  • News
    • Bitcoin
    • Altcoins
    • DeFi
    • Regulation
    • Market Cap
    • Web 3
    • Scam
  • Blockchain
  • NFT
  • Metaverse
  • Analysis
  • Learn
  • Blog
  • Contact
    • Tech7685@gmail.com
What's Hot

Strategy tries to pick up $ 2.1 billion from the supply of STRF shares to strengthen its bitcoin holdings

2025-05-22

Vaneck launches Purposebuilt Fund for Avalanche Projects: Real-World Utility in Focus

2025-05-22

Billionaire Ray Dalio says that FED should not lower rates yet, warns against aggressive relaxation of the monetary policy for the bond market

2025-05-22
Facebook X (Twitter) Instagram
  • Contact
  • Terms & Conditions
  • Privacy Policy
  • DMCA
  • Advertise
  • BitcoinPlatform.com
Facebook X (Twitter) Instagram
Free Cryptocurrency – Bitcoin | Altcoins | Blockchain | News Stories Updated Daily
  • News
    • Bitcoin
    • Altcoins
    • DeFi
    • Regulation
    • Market Cap
    • Web 3
    • Scam
  • Blockchain

    Solana to get a big design prevention

    2025-05-22

    World3 Powers AI-driven Governance on-Chain with Quack AI

    2025-05-22

    Validation Cloud implements AI -Engine on Hedera

    2025-05-22

    Sony announces the Mavet launch of Soneium Blockchain

    2025-05-21

    Nitro Labs launches data anchor to lower the storage costs of Solana

    2025-05-21
  • NFT

    FIFA starts Avalanche L1 to Power Soccer NFT Collectibles Platform

    2025-05-22

    Guild of Guardians leads with a huge volume of $ 796.62k

    2025-05-20

    Solana Meme Coin Ponke Set to release assembly objects, clothing via Jcorp Spinout

    2025-05-19

    The most popular collections of the moment on blockchain

    2025-05-18

    Raoul Pal sees NFT market exploding when Ethereum Bull Cycle is approaching

    2025-05-17
  • Metaverse

    Shib: The Metaverse – Part of the expanding Shiba Inu ecosystem

    2025-01-03

    Experience to Earn: Everdome’s Metaverse Frontier

    2024-12-30

    Beyond Bots: Meta Motivo and the Dawn of Human Digital Life

    2024-12-13

    Exploring NetVRk: What’s Behind This AI-Powered Virtual Universe?

    2024-10-28

    Council of Europe emphasizes the impact of Metaverse on privacy and democracy

    2024-09-05
  • Analysis

    Strategy tries to pick up $ 2.1 billion from the supply of STRF shares to strengthen its bitcoin holdings

    2025-05-22

    Solana (SOL) strives higher with strong copper support, next stop $ 200?

    2025-05-22

    Bitcoin price reaches new all time above $ 111,000

    2025-05-22

    Analyst predicts huge Bitcoin outburst based on one gold graph, sees the Altcoin market following

    2025-05-22

    Bitcoin price rays to New All Time Bulls takes the lead

    2025-05-22
  • Learn

    What Is a DEX (Decentralized Exchange)?

    2025-05-21

    Blockchain Explained: What It Is, How It Works and Why We Need It

    2025-05-21

    Types of Blockchain Layers Explained: Layer 0, Layer 1, Layer 2 and Layer 3

    2025-05-16

    Token vs. Coin: Key Differences You Must Know as a Beginner

    2025-05-15

    Inside Changelly: 10 years of steadfast support and compliance

    2025-05-15
  • Blog
  • Contact
    • Tech7685@gmail.com
Free Cryptocurrency – Bitcoin | Altcoins | Blockchain | News Stories Updated Daily
Home»Bitcoin»Bitcoin Reclaims $65K – What BTC Needs to Next Reach $74K
Bitcoin

Bitcoin Reclaims $65K – What BTC Needs to Next Reach $74K

2024-09-27No Comments3 Mins Read
Share
Facebook Twitter LinkedIn Pinterest Email
  • Bitcoin has regained a major resistance at $65K, generating excitement in the market.
  • However, this cannot yet be a confirmation of a bull market.

Currently Bitcoin [BTC] has indeed reclaimed the $65K resistance, which is a positive sign, but it is not yet a full confirmation of a bull market.

In previous bull markets, these types of levels often represented psychological barriers. Breaking through $65,000 is significant as it marks the regaining of key historical resistance.

However, simply breaking it is not enough. Further moves are needed to confirm a bull run to $74,000.

Why is $65K a psychological barrier for Bitcoin?

Historically, whenever key resistance is tested, this indicates strong buying pressure, often reflected by the RSI reaching an overbought condition.

Psychologically, this can make traders cautious. A quick move towards $66,000 could raise concerns about overextension, raising the risk of a sharper correction later.

For example, when BTC reached its ATH of $73,000 in March, the RSI remained above 70 for over a month, signaling an impending pullback, which ultimately caused BTC to return to $61,000.

According to AMBCrypto, to maintain a consistent bull run, Bitcoin must remain above $66K and ideally rise further or pull back to $61K for a healthy retest.

Bitcoin RSI

Source: Coinalyse

Currently, the RSI reflects historical retracement points when BTC regained key resistance levels. Traders may become wary and start taking profits in anticipation of a possible correction.

In short, without a pullback, Bitcoin’s price could quickly become overextended. Therefore,

Retracement may be necessary after this

According to AMBCrypto, a retracement to $61K would help confirm that the previous resistance at $65K has successfully turned into support.

See also  Bitcoin's On-Chain Traffic Slows As…

Simply put, this would give bulls a chance to demonstrate their strength by defending this support level.

If this trend continues, it could attract more buyers looking to enter the market at a lower price, making it easier for Bitcoin to move past $70,000.

MVRV Z score

Source: Bitcoin Magazine Pro

Typically, the Z-score entering the green box has subsequently led to a bull rally, evidenced by the spike testing the red band, highlighting an overheated market.

Therefore, a healthy retracement to $61K could pave the way for more aggressive buying, paving the way for BTC to retest its initial ATH.

The key will be to stick with it

Conversely, instead of pulling back to $61K, Bitcoin jumps straight to $66K. This rapid increase indicates strong buying pressure as investors are eager to enter the market without waiting for a better price.

While it seems unlikelythis could be a bullish signal, showing that there is enough demand to sustain higher prices. Therefore, to sustain a bull market, Bitcoin must remain above $66,000 and ideally continue to rise.

Over the past three days, as Bitcoin tested the $65,000 resistance, many long positions entered, expecting bulls to hold the level.

Fluid levels

Source: HyblockCapital


Read Bitcoin’s [BTC] Price forecast 2024-25


However, with short sellers emerging again, a long liquidation could lead to a retracement to $61K, reinforcing AMBCrypto’s hypothesis. Overall, the bull rally above $70,000 depends on bulls holding the resistance at $66,000.

Otherwise, a retracement to $61,000 is essential to confirm support, reduce volatility, attract buyers and set the stage for a sustained bull run to $74,000.

See also  Bitcoin's Dominance, the opportunities of the Altcoin season and everything about this deep market set

Next: Tron Price Prediction: Will TRX Fall to $0.137?

Source link

65K 74K Bitcoin BTC Reach Reclaims
Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

Strategy tries to pick up $ 2.1 billion from the supply of STRF shares to strengthen its bitcoin holdings

2025-05-22

Crypto Analyst places Bitcoin price at $ 120,000 if this range breakdown happens

2025-05-22

Bitcoin’s realized cap adds $ 3B – this is why BTCs Rally is not over

2025-05-22

Bitcoin affects record $ 111k – This is what drives the power

2025-05-22
Add A Comment

Comments are closed.

Top Posts

Top Altcoins to Watch Ahead of a Bullish Fourth Quarter

2023-09-26

SEC commissioner Hester Peirce tells Memecoin traders not to expect the government to make them complete

2025-02-19

Coinbase says pushing Crypto Offshore could increase the amount of illegal activity

2023-10-19
Editors Picks

“Bitcoin dominates the NFT market with an 86% increase in sales in 24 hours”

2024-03-15

Pepe’s ‘double bullish’ pattern points to a rise, and that means you…

2024-10-14

One crypto sector that crashes from $ 220,000,000,000 market capitalization could cause the next market distribution, says Intotheblock

2025-03-23

Will Bitcoin Price Soar Or Slump In The Coming Days?

2023-07-28
About
About

Our mission is to develop a community of people who try to make financially sound decisions. The website strives to educate individuals in making wise choices about Cryptocurrencies, Defi, NFT, Metaverse and more.

We're social. Connect with us:

Facebook X (Twitter) Instagram Pinterest YouTube
Top Insights

Strategy tries to pick up $ 2.1 billion from the supply of STRF shares to strengthen its bitcoin holdings

Vaneck launches Purposebuilt Fund for Avalanche Projects: Real-World Utility in Focus

Billionaire Ray Dalio says that FED should not lower rates yet, warns against aggressive relaxation of the monetary policy for the bond market

Get Informed

Subscribe to Updates

Get the latest news and Update from Free.cc about Crypto, Metaverse, NFT and more.

  • Contact
  • Terms & Conditions
  • Privacy Policy
  • DMCA
  • Advertise
  • BitcoinPlatform.com
© 2025 Free.cc - All rights reserved. Contact: info@free.cc

Type above and press Enter to search. Press Esc to cancel.

  • bitcoinBitcoin(BTC)$111,771.593.82%
  • ethereumEthereum(ETH)$2,668.937.08%
  • tetherTether USDt(USDT)$1.00-0.03%
  • rippleXRP(XRP)$2.433.15%
  • binancecoinBNB(BNB)$681.542.43%
  • solanaSolana(SOL)$179.616.79%
  • usd-coinUSDC(USDC)$1.000.01%
  • dogecoinDogecoin(DOGE)$0.2420087.05%
  • cardanoCardano(ADA)$0.807.04%
  • tronTRON(TRX)$0.2773102.74%
  • suiSui(SUI)$3.900.74%
  • chainlinkChainlink(LINK)$16.816.86%
  • hyperliquidHyperliquid(HYPE)$32.9120.10%
  • avalanche-2Avalanche(AVAX)$25.3011.52%
  • stellarStellar(XLM)$0.3026565.11%
  • shiba-inuShiba Inu(SHIB)$0.0000155.15%
  • bitcoin-cashBitcoin Cash(BCH)$437.509.25%
  • hedera-hashgraphHedera(HBAR)$0.2045774.62%
  • unus-sed-leoUNUS SED LEO(LEO)$8.871.27%
  • the-open-networkToncoin(TON)$3.164.09%
  • polkadotPolkadot(DOT)$4.955.70%
  • litecoinLitecoin(LTC)$99.294.53%
  • moneroMonero(XMR)$396.137.11%
  • bitget-tokenBitget Token(BGB)$5.220.80%
  • pepePepe(PEPE)$0.0000144.59%
  • piPi(PI)$0.821.89%
  • daiDai(DAI)$1.000.01%
  • ethena-usdeEthena USDe(USDE)$1.000.00%
  • bittensorBittensor(TAO)$472.649.72%
  • uniswapUniswap(UNI)$6.454.79%
  • aaveAave(AAVE)$256.943.04%
  • nearNEAR Protocol(NEAR)$3.089.76%
  • aptosAptos(APT)$5.6910.01%
  • ondo-financeOndo(ONDO)$1.026.56%
  • okbOKB(OKB)$52.820.85%
  • official-trumpOFFICIAL TRUMP(TRUMP)$15.7712.44%
  • kaspaKaspa(KAS)$0.1181845.32%
  • internet-computerInternet Computer(ICP)$5.667.44%
  • ethereum-classicEthereum Classic(ETC)$19.786.25%
  • render-tokenRender(RENDER)$5.1911.01%
  • gatechain-tokenGateToken(GT)$21.790.96%
  • crypto-com-chainCronos(CRO)$0.1005304.70%
  • vechainVeChain(VET)$0.0305757.82%
  • polygon-ecosystem-tokenPOL (prev. MATIC)(POL)$0.2501005.93%
  • mantleMantle(MNT)$0.763.36%
  • ethenaEthena(ENA)$0.4192976.28%
  • worldcoin-wldWorldcoin(WLD)$1.5634.99%
  • usd1World Liberty Financial USD(USD1)$1.00-0.01%
  • arbitrumArbitrum(ARB)$0.4330567.97%
  • artificial-superintelligence-allianceArtificial Superintelligence Alliance(FET)$0.8811.89%
  • bitcoinBitcoin(BTC)$111,771.593.82%
  • ethereumEthereum(ETH)$2,668.937.08%
  • tetherTether USDt(USDT)$1.00-0.03%
  • rippleXRP(XRP)$2.433.15%
  • binancecoinBNB(BNB)$681.542.43%
  • solanaSolana(SOL)$179.616.79%
  • usd-coinUSDC(USDC)$1.000.01%
  • dogecoinDogecoin(DOGE)$0.2420087.05%
  • cardanoCardano(ADA)$0.807.04%
  • tronTRON(TRX)$0.2773102.74%
  • suiSui(SUI)$3.900.74%
  • chainlinkChainlink(LINK)$16.816.86%
  • hyperliquidHyperliquid(HYPE)$32.9120.10%
  • avalanche-2Avalanche(AVAX)$25.3011.52%
  • stellarStellar(XLM)$0.3026565.11%
  • shiba-inuShiba Inu(SHIB)$0.0000155.15%
  • bitcoin-cashBitcoin Cash(BCH)$437.509.25%
  • hedera-hashgraphHedera(HBAR)$0.2045774.62%
  • unus-sed-leoUNUS SED LEO(LEO)$8.871.27%
  • the-open-networkToncoin(TON)$3.164.09%
  • polkadotPolkadot(DOT)$4.955.70%
  • litecoinLitecoin(LTC)$99.294.53%
  • moneroMonero(XMR)$396.137.11%
  • bitget-tokenBitget Token(BGB)$5.220.80%
  • pepePepe(PEPE)$0.0000144.59%
  • piPi(PI)$0.821.89%
  • daiDai(DAI)$1.000.01%
  • ethena-usdeEthena USDe(USDE)$1.000.00%
  • bittensorBittensor(TAO)$472.649.72%
  • uniswapUniswap(UNI)$6.454.79%
  • aaveAave(AAVE)$256.943.04%
  • nearNEAR Protocol(NEAR)$3.089.76%
  • aptosAptos(APT)$5.6910.01%
  • ondo-financeOndo(ONDO)$1.026.56%
  • okbOKB(OKB)$52.820.85%
  • official-trumpOFFICIAL TRUMP(TRUMP)$15.7712.44%
  • kaspaKaspa(KAS)$0.1181845.32%
  • internet-computerInternet Computer(ICP)$5.667.44%
  • ethereum-classicEthereum Classic(ETC)$19.786.25%
  • render-tokenRender(RENDER)$5.1911.01%
  • gatechain-tokenGateToken(GT)$21.790.96%
  • crypto-com-chainCronos(CRO)$0.1005304.70%
  • vechainVeChain(VET)$0.0305757.82%
  • polygon-ecosystem-tokenPOL (prev. MATIC)(POL)$0.2501005.93%
  • mantleMantle(MNT)$0.763.36%
  • ethenaEthena(ENA)$0.4192976.28%
  • worldcoin-wldWorldcoin(WLD)$1.5634.99%
  • usd1World Liberty Financial USD(USD1)$1.00-0.01%
  • arbitrumArbitrum(ARB)$0.4330567.97%
  • artificial-superintelligence-allianceArtificial Superintelligence Alliance(FET)$0.8811.89%