{"id":57101,"date":"2024-09-30T03:51:19","date_gmt":"2024-09-30T03:51:19","guid":{"rendered":"https:\/\/freakcryptos.com\/index.php\/2024\/09\/30\/bitcoin-price-corrects-recent-gains-is-a-deeper-dip-coming\/"},"modified":"2024-09-30T03:51:19","modified_gmt":"2024-09-30T03:51:19","slug":"bitcoin-price-corrects-recent-gains-is-a-deeper-dip-coming","status":"publish","type":"post","link":"https:\/\/freakcryptos.com\/index.php\/2024\/09\/30\/bitcoin-price-corrects-recent-gains-is-a-deeper-dip-coming\/","title":{"rendered":"Bitcoin Price Corrects Recent Gains: Is a Deeper Dip Coming?"},"content":{"rendered":"<p> <br \/>\n<\/p>\n<p><em>Bitcoin value prolonged its improve above $66,000. BTC is now correcting positive aspects under $65,500 and may proceed to maneuver down towards $64,000.<\/em><\/p>\n<ul>\n<li>Bitcoin is correcting positive aspects from the $66,500 zone.<\/li>\n<li>The value is buying and selling under $65,250 and the 100 hourly Simple shifting common.<\/li>\n<li>There was a break under a short-term bullish pattern line with help at $65,750 on the hourly chart of the BTC\/USD pair (knowledge feed from Kraken).<\/li>\n<li>The pair may begin one other improve if it stays above the $64,000 help zone.<\/li>\n<\/ul>\n<h2>Bitcoin Price Starts Downside Correction<\/h2>\n<p>Bitcoin value <a href=\"https:\/\/www.newsbtc.com\/analysis\/btc\/bitcoin-price-traction-65k\/\" target=\"_blank\" rel=\"noopener\">remained supported<\/a> close to the $63,250 stage. BTC prolonged its improve above the $65,500 resistance zone. It even cleared the $66,000 stage.<\/p>\n<p>A excessive was fashioned at $66,452 and the value is now correcting positive aspects. There was a decline under the $66,000 stage. The value dipped under the 23.6% Fib retracement stage of the upward transfer from the $62,672 swing low to the $66,452 excessive.<\/p>\n<p>There was a break under a short-term bullish pattern line with help at $65,750 on the hourly chart of the BTC\/USD pair. Bitcoin is now buying and selling under $65,500 and the <a href=\"https:\/\/www.newsbtc.com\/analysis\/btc\/bitcoin-price-sees-dip-64k\/\" target=\"_blank\" rel=\"noopener\">100 hourly Simple moving average<\/a>.<\/p>\n<p>The bulls at the moment are attempting to guard the $64,500 zone. If there&#8217;s a recent improve, the value may face resistance close to the $65,250 stage. The first key resistance is close to the $65,500 stage. A transparent transfer above the $65,500 resistance may ship the value larger.<\/p>\n<p><a href=\"https:\/\/www.newsbtc.com\/wp-content\/uploads\/2024\/09\/Bitcoin_5f557d.png\"><img decoding=\"async\" data-recalc-dims=\"1\" class=\"wp-image-645390 size-full\" src=\"https:\/\/www.newsbtc.com\/wp-content\/uploads\/2024\/09\/Bitcoin_5f557d.png?resize=1024%2C478\" alt=\"Bitcoin Price\" width=\"1024\" height=\"478\" loading=\"lazy\" \/><\/a><\/p>\n<p>The subsequent key resistance may very well be $66,500. A detailed above the $66,500 resistance may spark extra upsides. In the said case, the value may rise and take a look at the $68,000 resistance stage.<\/p>\n<h2>More Losses In BTC?<\/h2>\n<p>If Bitcoin fails to rise above the $65,500 resistance zone, it may proceed to maneuver down. Immediate help on the draw back is close to the $64,200 stage and the 61.8% Fib retracement stage of the upward transfer from the $62,672 swing low to the $66,452 excessive.<\/p>\n<p>The first main help is close to the $64,000 stage. The subsequent help is now close to the $63,500 zone. Any extra losses may ship the value towards the $62,650 help within the close to time period.<\/p>\n<p>Technical indicators:<\/p>\n<p>Hourly MACD \u2013 The MACD is now gaining tempo within the bearish zone.<\/p>\n<p>Hourly RSI (Relative Strength Index) \u2013 The RSI for BTC\/USD is now under the 50 stage.<\/p>\n<p>Major Support Levels \u2013 $64,200, adopted by $64,000.<\/p>\n<p>Major Resistance Levels \u2013 $65,250, and $65,500.<\/p>\n<p><br \/>\n<br \/><a href=\"https:\/\/www.newsbtc.com\/analysis\/btc\/bitcoin-price-corrects-65k\/\">Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Bitcoin value prolonged its improve above $66,000. BTC is now correcting positive aspects under $65,500 and may proceed to maneuver down towards $64,000. Bitcoin is correcting positive aspects from the $66,500 zone. The value is buying and selling under $65,250 and the 100 hourly Simple shifting common. There was a break under a short-term bullish [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":57103,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[20,1279,1634,1904,67,686,110],"class_list":{"0":"post-57101","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-market","8":"tag-bitcoin","9":"tag-coming","10":"tag-corrects","11":"tag-deeper","12":"tag-dip","13":"tag-gains","14":"tag-price"},"_links":{"self":[{"href":"https:\/\/freakcryptos.com\/index.php\/wp-json\/wp\/v2\/posts\/57101","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/freakcryptos.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/freakcryptos.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/freakcryptos.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/freakcryptos.com\/index.php\/wp-json\/wp\/v2\/comments?post=57101"}],"version-history":[{"count":1,"href":"https:\/\/freakcryptos.com\/index.php\/wp-json\/wp\/v2\/posts\/57101\/revisions"}],"predecessor-version":[{"id":57102,"href":"https:\/\/freakcryptos.com\/index.php\/wp-json\/wp\/v2\/posts\/57101\/revisions\/57102"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/freakcryptos.com\/index.php\/wp-json\/wp\/v2\/media\/57103"}],"wp:attachment":[{"href":"https:\/\/freakcryptos.com\/index.php\/wp-json\/wp\/v2\/media?parent=57101"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/freakcryptos.com\/index.php\/wp-json\/wp\/v2\/categories?post=57101"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/freakcryptos.com\/index.php\/wp-json\/wp\/v2\/tags?post=57101"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}