Bitcoin is showing signs of a decent recovery above $5,000 against the US Dollar. BTC price could recover further towards the $6,000 resistance, where the bears are likely to take a stand.
Bitcoin is slowly rising and it is trading nicely above $5,200 against the US Dollar.
A break above $5,600 is likely to lead the price towards the $6,000 resistance.
There is a short term contracting triangle forming with resistance near $5,600 on the hourly chart of the BTC/USD pair (data feed from Kraken).
The pair could test the $6,000 resistance area, which is a major hurdle for more upsides.
Bitcoin Could Test and Fail Near $6,000
After a short term downside correction, bitcoin found support near the $4,350 area against the US Dollar. BTC price recovered in the past few sessions and climbed back above the $5,000 resistance level.
The recent recovery was positive since the price was able to clear the 50% Fib retracement level of the key drop from the $6,000 swing high to $4,333 low. The bulls were able to push the price above the $5,200 resistance and the 100 hourly simple moving average.
Bitcoin is now trading in a positive zone above the $5,350 level. An initial resistance on the upside is near the $5,600 level. More importantly, there is a short term contracting triangle forming with resistance near $5,600 on the hourly chart of the BTC/USD pair.
Bitcoin Price
The triangle resistance is close to the 76.4% Fib retracement level of the key drop from the $6,000 swing high to $4,333 low. Therefore, a clear break above the $5,600 resistance could open the doors for a push towards the $6,000 level.
Any further gains could lead the price towards the $6,395 level. It represents the 1.236 Fib extension level of the key drop from the $6,000 swing high to $4,333 low.
Recovery Remains Capped
If bitcoin corrects higher, it is likely to face hurdles near the $6,000 resistance zone. The bears are likely to take a strong stand near $6,000 and $6,050.
The main hurdle is near the $6,400 and $6,500 levels, above which the bulls are likely to have an upper hand. If they fail to lead the price above $6,000 and $6,500, there are high chances of another bearish wave in the near term.
Technical indicators:
Hourly MACD – The MACD is about to move into the bullish zone.
Hourly RSI (Relative Strength Index) – The RSI for BTC/USD is currently rising and it is above the 50 level.
Major Support Levels – $5,200 followed by $5,000.
Major Resistance Levels – $5,600, $5,950 and $6,000. origin »
U.S. stocks rose in early trading on Wednesday, as market news included gold popping further above $4,000 and Bitcoin attempting to rally above $123,000. The S&P 500 climbed 0.4% to set eyes on fresh gains following Tuesday’s negative close, while…
Bitcoin is gearing up for a potential breakout above $90,000, supported by bullish trader sentiment and rising Bitcoin dominance, despite ongoing macroeconomic volatility.
The post Bitcoin Eyes Breakout above $90,000 as Dip Buyers and Derivatives Traders Fuel Momentum | US Crypto News appeared first on BeInCrypto.
The crypto market outlook during the Asian session on April 17 showed both resilience and notable volatility. As Bitcoin (BTC) held firm above $84,000 despite external pressures, altcoins like Raydium (RAY) and Hyperliquid (HYPE) posted impressive double-digit gains.
Bitcoin sustains the level above $85,000, with $95,000 as a significant next resistance area.
The Long/Short Ratio reached 650 in early 2025.
Bitcoin's [BTC] long positions on Bitfinex experThe post Bitcoin stays above $85K: Will THIS drive BTC to $100K? appeared first on AMBCrypto.
The Bitcoin price continues to dance within the newly formed $80,000 – $85,000 range, showing some level of indecisiveness in its movement. Since the premier cryptocurrency lost its hold above $90,000, investors have wondered whether the ongoing correction is a “buy the dip” opportunity or the market top is in.
Spot Bitcoin exchange-traded funds in the United States resumed their positive inflow streak on Jan. 21, following President Donald Trump’s inauguration, with BTC holding above $105k. According to data from SoSoValue, the 12 spot Bitcoin ETFs recorded $802.5 million in…
Cryptocurrencies maintain a bullish stance as Bitcoin showcases upside momentum above the $100K mark. BTC changed hands at $101,830 during this publication, and magnified investor optimism suggests more gains.
Bitcoin price started another increase above the $106,000 resistance zone. BTC traded to a new all-time high above $108,000 and is currently correcting gains. Bitcoin started a fresh surge above the $106,000 zone.
Spot Bitcoin exchange-traded funds in the United States recorded their tenth consecutive day of inflows on Dec. 11, with $223. 03 million entering the funds as Bitcoin climbed back above the $100,000 mark.
Bitcoin has seen unpredictable and volatile activity recently, with price action testing both psychological and technical boundaries. The cryptocurrency failed to break above the coveted $100,000 mark while showing resilience by holding firmly above the $90,000 level.
Bitcoin price is recovering higher above the $96,000 level. BTC is showing positive signs and aims for a fresh increase above the $98,800 level. Bitcoin started a fresh increase above the $96,000 zone.
Bitcoin price extended gains above $88,000. BTC is now consolidating gains near $90,000 and might see a minor decline in the near term. Bitcoin extended its increase and traded above the $88,000 zone.
Bitcoin has hit a new high above $87,000 and could bounce past $100,000 amid bullish momentum. If it happens, the bull market case is for a rally to $150k, an analyst says With Bitcoin rallying to a new all-time high above $87,000, the overall sentiment suggests it’s likely to continue higher.
Bitcoin price is surging again above $70,000. BTC is showing signs of strength and might even clear the $73,500 resistance zone amid Trump’s lead. Bitcoin started a fresh surge above the $70,000 zone.
Bitcoin Cash price started a major increase above the $350 resistance. BCH is consolidating and might aim for more gains above the $385 resistance. Bitcoin cash price started a fresh increase above the $350 level.
Bitcoin price broke to above $66,000 for the first time in nearly three weeks. Cypto analysts at QCP say ‘Uptober’ and the US election sentiment could help bulls higher. Bitcoin (BTC) price rose more than 6% to break above $66,000 on Monday, October 14, 2024 as most cryptocurrencies recorded 24-hour gains.
In a strong display of resilience, Bitcoin (BTC) maintained its position above the $60,000 mark Thursday amidst a week of speculation and mixed signals in the crypto markets.
Bitcoin price is consolidating above the $60,000 support. BTC seems to be eyeing a fresh increase above the $61,200 and $61,500 levels. Bitcoin is consolidating above the $60,000 support zone. The price is trading below $61,750 and the 100 hourly Simple moving average.
In just two weeks, Bitcoin recovered well and turned bullish after finding solid ground above $52k in the last leg down. It saw rejection and faces hurdles after posting a notable 10% gain near the $65k level in a week.
Data shows the cryptocurrency sector as a whole has witnessed a high amount of liquidations following the volatility Bitcoin and others have gone through. Bitcoin Has Recovered Back Above The $63,000 Level Following the news of the US Federal Reserve cutting back on interest rates, Bitcoin has responded positively, with its price breaking above the $63,000 level.
Bitcoin’s weekly close above a key support level is “good news,” according to traders, and the day’s rally to $57,500 could be a sign that the bottom is in.
The cryptocurrency market showed signs of a strong recovery on August 22, with Bitcoin holding steady above the crucial $60,000 mark. This stability, coupled with positive economic updates, has boosted investor confidence in risky assets, leading to significant gains in several altcoins.
Bitcoin price stayed above the $57,650 support zone. BTC is now rising and might aim for a move above the $60,000 resistance zone. Bitcoin started a recovery wave above the $58,500 resistance zone.
According to CryptoQuant CEO Ki Young Ju, if Bitcoin’s price stays above $45,000, it could surpass its all-time high within a year. Bitcoin (BTC) rebounded from a tumultuous weekend, and optimism remains in the crypto market despite some bearish indicators…
Bitcoin has jumped above $66,000, reaching its highest level since mid-June when prices hovered above $67,000. The price of Bitcoin (BTC) is currently 4.7% up in the past 24 hours as buyers hover around $66,670. Meanwhile, Ethereum (ETH) has climbed…
Bitcoin is rising, trading firmly above the psychological round number at $60,000, looking at the formation in the daily chart. As BTC turns the corner, there could be more room for gains, even pushing the coin above local resistances at $66,000 and $72,000.
Per analysts, Bitcoin needs a 3.5% rally to close above $60,600, which will help reclaim its crucial re-accumulation range.
Historical patterns suggested that Bitcoin's price could reach aroundThe post Why Bitcoin needs to rally above $61K soon, per analysts appeared first on AMBCrypto.
Bitcoin was up 3% over the last seven days, at press time.
June's lackluster action ultimately saw Bitcoin register negative returns of almost 7%.
Bitcoin [BTC] traded promisingly above $6The post Can Bitcoin hold above $63,000? Things to watch out for this month appeared first on AMBCrypto.
Bitcoin price is consolidating above the $60,550 support zone. BTC could avoid more downsides if it manages to recover above the $62,400 resistance. Bitcoin is still struggling to recover above the $62,200 and $62,400 levels.
Bitcoin’s price has risen roughly 2% in the past 24 hours, trending above $70,000, a psychological level. As bulls prepare for more gains, Willy Woo, an on-chain analyst, believes the coin could soar even higher after breaking above the all-important resistance level at $72,000.
Quick Take Bitcoin has, for now, cemented itself above $70,000, boasting a market cap of roughly $1. 4 trillion. The close on June 4 above $70,000 marks only day 13 that Bitcoin has achieved this level, with just seven days seeing a close above $70,954, according to Case Bitcoin.
The sentiment around Bitcoin has turned decidedly bullish following a surprise surge past $66,000 on Wednesday, now climbing above $67,200. This price jump has sparked renewed interest among large holders.
BTC’s recent price surge has led to a notable change in market sentiment.
LTHs have started distributing their holdings for profit.
Bitcoin’s [BTC] recent rally above the $72,000 price rThe post How Bitcoin's hike above $72K changed investors like you appeared first on AMBCrypto.
After Bitcoin (BTC) recently hit a new all-time high above $70,000, analysts and investors are looking out for the next potential milestone for the maiden cryptocurrency.
Bitcoin has set a new all-time high (ATH) above the $69,000 level as institutional investors have aggressively bought on Coinbase. Bitcoin Has Set A New ATH Above $69,000 The moment that every Bitcoin investor had been looking forward to has finally arrived today.
Bitcoin has just broken above the $65,000 level. Here’s a possible reason that may be contributing to this fresh bullish momentum in the asset. Bitcoin Has Edged Further Closer To A New High With Its Latest Break After consolidating near the $62,000 mark for a few days, Bitcoin has finally witnessed some uptrend in the […]
Bitcoin (BTC) saw its price recover above $49,700 on the evening of Feb. 13 — closing in on its earlier daily high. As of 9:50 pm UTC, Bitcoin was priced at $49,726. Though Bitcoin is down 0. 4% over 24 hours, that price represents 0.
Bitcoin price started a fresh increase above the $37,000 resistance zone. BTC could accelerate higher once there is a clear move above the $37,350 resistance. Bitcoin started a fresh increase from the $35,500 support zone.
An analyst posts a bullish Bitcoin price prediction of $100K. Meanwhile, DeepSnitch AI’s 100X launch triggers a strong buying spree across the crypto market.
Bitcoin Hyper price prediction trends heat up as BTC drops below $86K and altcoin season stalls. DeepSnitch AI shows resilience, raising $650K and sparking 100x forecasts for January 2026
Bitcoin Hyper’s latest news reveals growing traction, but investors believe DeepSnitch AI is the better presale. With real tools and a 64% presale surge, DSNT might just be the next crypto moonshot.
