Bitcoin price gained pace above the $62,500 resistance. BTC even cleared the $63,200 level and is now consolidating gains above $63,500. Bitcoin is gaining pace above the $63,200 resistance zone. The price is trading above $63,400 and the 100 hourly Simple moving average. There was a break above a connecting bearish trend line with resistance at $63,220 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could extend gains if it stays above the $62,500 support zone. Bitcoin Price Extend Gains Above $63,500 Bitcoin price extended its increase above the $62,500 level. BTC was able to clear the $62,800 and $63,200 resistance levels to move further into a positive zone. There was also a break above a connecting bearish trend line with resistance at $63,220 on the hourly chart of the BTC/USD pair. The bulls even pushed the price above the $63,500 level. A high was formed at $63,965 and the price is now consolidating gains. There was a minor move below the $63,750 level. The price dipped and tested the 23.6% Fib retracement level of the upward move from the $62,440 swing low to the $63,965 high. Bitcoin is now trading above $63,500 and the 100 hourly Simple moving average. On the upside, the price could face resistance near the $63,950 level. The first key resistance is near the $64,200 level. A clear move above the $64,200 resistance might send the price higher. The next key resistance could be $65,000. A close above the $65,000 resistance might spark more upsides. In the stated case, the price could rise and test the $65,500 resistance. Are Dips Supported In BTC? If Bitcoin fails to rise above the $63,950 resistance zone, it could start a downside correction. Immediate support on the downside is near the $63,500 level. The first major support is $63,200 and the 50% Fib retracement level of the upward move from the $62,440 swing low to the $63,965 high. The next support is now near the $62,500 zone. Any more losses might send the price toward the $61,500 support in the near term. Technical indicators: Hourly MACD – The MACD is now gaining pace in the bullish zone. Hourly RSI (Relative Strength Index) – The RSI for BTC/USD is now above the 50 level. Major Support Levels – $63,500, followed by $63,200. Major Resistance Levels – $63,950, and $64,000.
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Cheems Partners with Four.Meme to Expand into Binance Smart Chain, Plans Airdrops for BSC Users
COINOTAG News has reported on September 23 that Cheems, a leading zkSync Era ecological meme coin, has formed a strategic partnership with Four.Meme. This collaboration aims to enable cross-chain capabilities NewsBTC
Ethereum Price Breaks $2,600: Is More Upside Ahead?
Ethereum price started a fresh upward move above the $2,500 resistance. ETH is now gaining pace above $2,600 and might continue to rise. Ethereum started another increase from the $2,400 resistance. The price is trading above $2,550 and the 100-hourly Simple Moving Average. There is a key bullish trend line forming with support at $2,550 on the hourly chart of ETH/USD (data feed via Kraken). The pair must clear the $2,650 resistance to continue higher in the near term. Ethereum Price Climbs Over 5% Ethereum price remained well-supported and extended its increase, beating Bitcoin. ETH was able to clear the $2,450 and $2,500 resistance levels. The bulls even pushed the price above the $2,500 resistance. Recently, it was able to surpass the 76.4% Fib retracement level of the downward correction from the $2,633 swing high to the $2,528 low. The price is now showing positive signs and trading above the recent swing high of $2,633. Ethereum price is now trading above $2,635 and the 100-hourly Simple Moving Average. There is also a key bullish trend line forming with support at $2,550 on the hourly chart of ETH/USD. On the upside, the price seems to be facing hurdles near the $2,650 level or the 1.236 Fib extension level of the downward correction from the $2,633 swing high to the $2,528 low. The first major resistance is near the $2,680 level. The next key resistance is near $2,720. An upside break above the $2,720 resistance might call for more gains. In the stated case, Ether could rise toward the $2,800 resistance zone in the near term. The next hurdle sits near the $2,880 level or $2,920. Are Dips Supported In ETH? If Ethereum fails to clear the $2,650 resistance, it could start a downside correction. Initial support on the downside is near $2,590. The first major support sits near the $2,550 zone and the trend line zone. A clear move below the $2,550 support might push the price toward $2,525. Any more losses might send the price toward the $2,450 support level in the near term. The next key support sits at $2,320. Technical Indicators Hourly MACD – The MACD for ETH/USD is gaining momentum in the bullish zone. Hourly RSI – The RSI for ETH/USD is now above the 50 zone. Major Support Level – $2,525 Major Resistance Level – $2,650 NewsBTC