{"id":19844,"date":"2021-11-15T04:55:41","date_gmt":"2021-11-15T04:55:41","guid":{"rendered":"https:\/\/emilynews.com\/blog\/?p=19844"},"modified":"2021-11-15T05:39:23","modified_gmt":"2021-11-15T05:39:23","slug":"news-commentary-1514-bitcoin-fresh-rally-or-not","status":"publish","type":"post","link":"https:\/\/emilynews.com\/blog\/?p=19844","title":{"rendered":"News Commentary #1,514 | Bitcoin &#8211; Fresh Rally Or Not?"},"content":{"rendered":"<p>In today&#8217;s news i would like to pay your attention to some fresh data (technical included) of BTC price chart.<\/p>\n<p>I see more and more investors asking me privately about &#8220;whether it&#8217;s safe to invest in hyips now or better to wait untill the bear market starts rolling out?&#8221; meaning if they earn more just holding their current crypto positions. The answer is the most obvious &#8211; i cannot know that for sure. That&#8217;s why i always answer and will continue to answer you this way \ud83d\ude42<\/p>\n<p>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 <strong>with two peaks<\/strong>, but i also warn you that <strong>EVERYTHING can happen<\/strong> anytime, any day and <strong>any minute,<\/strong> which noone would not expect to happen, so that the ONLY way for youto sleep well is to <strong>diversify between crypto and cash<\/strong> (or stable coins), <strong>between HYIPs and crypto<\/strong>.<\/p>\n<p><strong>Black swan event<\/strong> may occur, but you will be well prepared. Of course hyip admins think of those questions too (i beleive) &#8211; so take this always into account.<\/p>\n<p>Below you will find some actual info from charts:<\/p>\n<blockquote>\n<h1 class=\"jeg_post_title\">Bitcoin Eyes Fresh Rally, Why Close above $66k Is Important<\/h1>\n<p><em>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.<\/em><\/p>\n<ul>\n<li>Bitcoin started a fresh increase from the $62,500 support zone.<\/li>\n<li>The price is now trading above $65,000 and the 100 hourly simple moving average.<\/li>\n<li>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).<\/li>\n<li>The pair could start a fresh increase if there is a clear close above $66,000.<\/li>\n<\/ul>\n<h2>Bitcoin Price Faces Resistance<\/h2>\n<p>Bitcoin price remained well bid near the\u00a0$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.<\/p>\n<p>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.<\/p>\n<p>On the upside, an immediate resistance is near the $66,000 level. The first\u00a0<a href=\"https:\/\/www.newsbtc.com\/analysis\/btc\/bitcoin-extends-correction-62k\/\" target=\"_blank\" rel=\"noopener\">major resistance<\/a>\u00a0is 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.<\/p>\n<p><a href=\"https:\/\/www.newsbtc.com\/wp-content\/uploads\/2021\/11\/Bitcoin-10.png\"><img decoding=\"async\" class=\"alignnone size-full wp-image-476371\" src=\"https:\/\/www.newsbtc.com\/wp-content\/uploads\/2021\/11\/Bitcoin-10.png\" alt=\"Bitcoin Price\" width=\"100%\" height=\"\" data-pin-no-hover=\"true\" \/><\/a><\/p>\n<p>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.<\/p>\n<h2>Fresh Decline in BTC?<\/h2>\n<p>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.<\/p>\n<p>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.<\/p>\n<p>Technical indicators:<\/p>\n<p>Hourly MACD \u2013 The MACD is now losing pace in the bullish zone.<\/p>\n<p>Hourly RSI (Relative Strength Index) \u2013 The RSI for BTC\/USD is now well above the 50 level.<\/p>\n<p>Major Support Levels \u2013 $65,200, followed by $65,000.<\/p>\n<p>Major Resistance Levels \u2013 $66,000, $66,350 and $68,000.<\/p>\n<\/blockquote>\n<p><iframe loading=\"lazy\" title=\"YouTube video player\" src=\"https:\/\/www.youtube.com\/embed\/nO2ILhK6Ylw\" width=\"530\" height=\"300\" frameborder=\"0\" allowfullscreen=\"allowfullscreen\"><\/iframe><\/p>\n<p>*********************************<\/p>\n<p>If one of the paying programs on our Monitor appeals to you, please support <em>EmilyNews<\/em> by registering for it on our website. Thanks very very much!<\/p>\n<p>EN web <strong>Support Chat<\/strong> | Hyips and Crypto questions \u2013 <strong><a style=\"color: #c03939; text-decoration: underline;\" href=\"http:\/\/emilynews.com\/chat\/hyips\/\">HyipChatEN<\/a><\/strong><\/p>\n<p>Telegram Chat for Crypto and Hyip reports: <strong><a href=\"https:\/\/telegram.me\/HyipChatEN\" target=\"_blank\" rel=\"noopener noreferrer\">@HyipChatEN<\/a><\/strong><\/p>\n<p>*********************************<\/p>\n<p>Be the first to get most important HYIP news everyday!<br \/>Simply Follow <a href=\"https:\/\/www.facebook.com\/EmilyNewsOnline\/\" target=\"_blank\" rel=\"noopener noreferrer\"><strong style=\"text-decoration: underline;\">EN Facebook<\/strong><\/a>, <a href=\"https:\/\/telegram.me\/CryptoHyipsEN\" target=\"_blank\" rel=\"noopener noreferrer\"><strong style=\"color: #c03939; text-decoration: underline;\">EN Telegram<\/strong><\/a>, <a href=\"https:\/\/twitter.com\/EmilyHyipNews\" target=\"_blank\" rel=\"noopener noreferrer\"><strong style=\"text-decoration: underline; font-size: 1.3em;\">EN Twitter<\/strong><\/a><br \/>or Subscribe to <strong><a style=\"color: #c03939; text-decoration: underline;\" href=\"https:\/\/feedburner.google.com\/fb\/a\/mailverify?uri=Emilynews\" target=\"_blank\" rel=\"noopener noreferrer\">EN Feedburner<\/a><\/strong> and submit your email address!<\/p>\n<p>If you like this article and want to support EN \u2013 please share it by using at least few of social media buttons below. Thanks and See you tomorrow!<\/p>\n<p><a href=\"https:\/\/emilynews.com\/blog\/wp-content\/uploads\/2020\/11\/Reminder2-1.jpg\"><img loading=\"lazy\" decoding=\"async\" class=\"alignnone size-full wp-image-13137\" src=\"https:\/\/emilynews.com\/blog\/wp-content\/uploads\/2020\/11\/Reminder2-1.jpg\" sizes=\"auto, (max-width: 544px) 100vw, 544px\" srcset=\"https:\/\/emilynews.com\/blog\/wp-content\/uploads\/2020\/11\/Reminder2-1.jpg 544w, https:\/\/emilynews.com\/blog\/wp-content\/uploads\/2020\/11\/Reminder2-1-272x300.jpg 272w\" alt=\"\" width=\"544\" height=\"600\" \/><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>In today&#8217;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 &#8220;whether it&#8217;s safe to invest &hellip; <a title=\"News Commentary #1,514 | Bitcoin &#8211; Fresh Rally Or Not?\" class=\"exalt-read-more\" href=\"https:\/\/emilynews.com\/blog\/?p=19844\"><span class=\"screen-reader-text\">News Commentary #1,514 | Bitcoin &#8211; Fresh Rally Or Not?<\/span>Read more<\/a><\/p>\n","protected":false},"author":1,"featured_media":16101,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[6],"tags":[3544,4233,4212,5769,3611],"class_list":["post-19844","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-information","tag-bitcoin-news","tag-bitcoin-prediction","tag-bitcoin-price","tag-crypto-market-prices","tag-crypto-news","exalt-entry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v24.3 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>News Commentary #1,514 | Bitcoin - Fresh Rally Or Not? - EmilyNews<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/emilynews.com\/blog\/?p=19844\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"News Commentary #1,514 | Bitcoin - Fresh Rally Or Not? - EmilyNews\" \/>\n<meta property=\"og:description\" content=\"In today&#8217;s news i would like to pay your attention to some fresh data (technical included) of BTC price chart. 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