In today’s news i would like to pay your attention to some fresh data (technical included) of BTC price chart.

I see more and more investors asking me privately about “whether it’s safe to invest in hyips now or better to wait untill the bear market starts rolling out?” meaning if they earn more just holding their current crypto positions. The answer is the most obvious – i cannot know that for sure. That’s why i always answer and will continue to answer you this way 🙂

I cannot predict the future of a particular HYIP development as well as the Crypto Market particular day of selling point. I see that many experts claim that current bull run is more like 2013 past one with two peaks, but i also warn you that EVERYTHING can happen anytime, any day and any minute, which noone would not expect to happen, so that the ONLY way for youto sleep well is to diversify between crypto and cash (or stable coins), between HYIPs and crypto.

Black swan event may occur, but you will be well prepared. Of course hyip admins think of those questions too (i beleive) – so take this always into account.

Below you will find some actual info from charts:

Bitcoin Eyes Fresh Rally, Why Close above $66k Is Important

Bitcoin price recovered losses and climbed above $65,000 against the US Dollar. BTC must climb above the $66,350 zone to start a fresh rally in the near term.

• Bitcoin started a fresh increase from the $62,500 support zone.
• The price is now trading above $65,000 and the 100 hourly simple moving average.
• There was a break above a key bearish trend line with resistance near $65,000 on the hourly chart of the BTC/USD pair (data feed from Kraken).
• The pair could start a fresh increase if there is a clear close above $66,000.

Bitcoin Price Faces Resistance

Bitcoin price remained well bid near the $62,500 zone. As a result, BTC started a fresh increase above the $64,000 resistance zone. There was a clear break above the $65,000 resistance and the 100 hourly simple moving average.

Besides, there was a break above a key bearish trend line with resistance near $65,000 on the hourly chart of the BTC/USD pair. The pair climbed above the 50% Fib retracement level of the main decline from the $68,762 swing high to $62,300 low.

On the upside, an immediate resistance is near the $66,000 level. The first major resistance is near the $66,400 level. It is close to the 61.8% Fib retracement level of the main decline from the $68,762 swing high to $62,300 low.

A clear break above $66,350 resistance may possibly call open the doors for a fresh increase. The next major resistance sits near the $68,000 level, where the bears might take a stand. An intermediate resistance for the bulls may possibly be near the $67,250 level.

Fresh Decline in BTC?

If bitcoin fails to clear the $66,350 resistance zone, it could start a fresh downside correction. An immediate support on the downside is near the $65,200 level.

The first major support is now forming near the $65,000 level and the broken trend line. Any more losses could lead the price towards the $64,500 level. The next major support is near the $64,000 level, below which the price could even decline below the $63,500 support zone.

Technical indicators:

Hourly MACD – The MACD is now losing pace in the bullish zone.

Hourly RSI (Relative Strength Index) – The RSI for BTC/USD is now well above the 50 level.

Major Support Levels – $65,200, followed by $65,000.

Major Resistance Levels – $66,000, $66,350 and $68,000.

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