Bitcoin Price Gears Up for Next Leg Higher—Upside Potential Builds
Reason to trust Strict editorial policy that focuses on accuracy, relevance, and impartiality Created by industry experts and meticulously reviewed The highest standards in reporting and publishing Strict editorial policy that focuses on accuracy, relevance, and impartiality Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio. Este artículo también está disponible en español. Bitcoin price is slowly moving higher above the $83,500 zone. BTC must clear the $85,200 resistance zone to continue higher in the near term. Bitcoin found support at $83,200 and started a recovery wave. The price is trading above $84,500 and the 100 hourly Simple moving average. There was a break above a connecting bearish trend line with resistance at $84,650 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could start another increase if it clears the $85,200 zone. Bitcoin Price Eyes Fresh Upside Bitcoin price started a fresh decline below the $86,200 and $85,500 levels. BTC even declined below the $84,00 level before the bulls appeared. The price tested the $83,200 support. A low was formed at $83,171 and the price recently started a recovery wave. The price climbed above the $84,500 resistance zone. There was a break above the 50% Fib retracement level of the downward move from the $86,400 swing high to the $83,171 low. Besides, there was a break above a connecting bearish trend line with resistance at $84,650 on the hourly chart of the BTC/USD pair. Bitcoin price is now trading above $84,500 and the 100 hourly Simple moving average. On the upside, immediate resistance is near the $85,200 level. It is near the 61.8% Fib retracement level of the downward move from the $86,400 swing high to the $83,171 low. The first key resistance is near the $85,500 level. The next key resistance could be $86,500. Source: BTCUSD on TradingView.com A close above the $86,500 resistance might send the price further higher. In the stated case, the price could rise and test the $87,200 resistance level. Any more gains might send the price toward the $88,800 level. Another Decline In BTC? If Bitcoin fails to rise above the $85,200 resistance zone, it could start another decline. Immediate support on the downside is near the $84,500 level. The first major support is near the $84,000 level. The next support is now near the $83,200 zone. Any more losses might send the price toward the $82,500 support in the near term. The main support sits at $81,800. 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 – $84,500, followed by $83,200. Major Resistance Levels – $85,200 and $85,500.
Bitcoin Price Range-Bound—But a Move Higher May Be Brewing?
Reason to trust Strict editorial policy that focuses on accuracy, relevance, and impartiality Created by industry experts and meticulously reviewed The highest standards in reporting and publishing Strict editorial policy that focuses on accuracy, relevance, and impartiality Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio. Este artículo también está disponible en español. Bitcoin price started a fresh decline below the $85,500 zone. BTC is now consolidating and might attempt to clear the $85,200 resistance zone. Bitcoin started a fresh decline below the $85,500 zone. The price is trading below $85,000 and the 100 hourly Simple moving average. There is a connecting bearish trend line forming with resistance at $84,800 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could start another increase if it clears the $85,000 zone. Bitcoin Price Eyes Fresh Increase Bitcoin price struggled near the $86,500 zone and started a fresh decline. BTC declined below the $85,500 and $85,000 levels to enter a short-term bearish zone. The price tested the $83,200 support. A low was formed at $83,171 and the price recently corrected some losses. There was a move above the $83,800 level. The price surpassed the 50% Fib retracement level of the downward move from the $86,401 swing high to the $83,171 low. Bitcoin price is now trading below $85,000 and the 100 hourly Simple moving average. On the upside, immediate resistance is near the $84,750 level. There is also a connecting bearish trend line forming with resistance at $84,800 on the hourly chart of the BTC/USD pair. The first key resistance is near the $85,150 level or the 61.8% Fib retracement level of the downward move from the $86,401 swing high to the $83,171 low. The next key resistance could be $85,500. Source: BTCUSD on TradingView.com A close above the $85,500 resistance might send the price further higher. In the stated case, the price could rise and test the $85,800 resistance level. Any more gains might send the price toward the $86,400 level. Another Decline In BTC? If Bitcoin fails to rise above the $85,000 resistance zone, it could start another decline. Immediate support on the downside is near the $83,900 level. The first major support is near the $83,200 level. The next support is now near the $82,200 zone. Any more losses might send the price toward the $81,500 support in the near term. The main support sits at $80,800. Technical indicators: Hourly MACD – The MACD is now losing pace in the bearish zone. Hourly RSI (Relative Strength Index) – The RSI for BTC/USD is now near the 50 level. Major Support Levels – $83,200, followed by $82,200. Major Resistance Levels – $84,750 and $85,150.
Bitcoin Price Eyes Bullish Continuation—Is $90K Within Reach?
Reason to trust Strict editorial policy that focuses on accuracy, relevance, and impartiality Created by industry experts and meticulously reviewed The highest standards in reporting and publishing Strict editorial policy that focuses on accuracy, relevance, and impartiality Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio. Este artículo también está disponible en español. Bitcoin price started a fresh increase above the $83,500 zone. BTC is now consolidating gains and might attempt to clear the $85,500 resistance. Bitcoin started a fresh increase above the $83,500 zone. The price is trading above $83,000 and the 100 hourly Simple moving average. There is a connecting bullish trend line forming with support at $84,200 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could start another increase if it clears the $85,500 zone. Bitcoin Price Eyes More Gains Bitcoin price started a fresh increase above the $82,500 zone. BTC formed a base and gained pace for a move above the $83,000 and $83,500 resistance levels. The bulls pumped the price above the $84,500 resistance. A high was formed at $85,850 and the price recently started a downside correction. There was a move below the $84,000 support. The price dipped below the 23.6% Fib retracement level of the upward move from the $78,600 swing low to the $85,850 high. However, the bulls were active near the $83,000 zone and the price recovered losses. Bitcoin price is now trading above $83,500 and the 100 hourly Simple moving average. There is also a connecting bullish trend line forming with support at $84,200 on the hourly chart of the BTC/USD pair. Source: BTCUSD on TradingView.com On the upside, immediate resistance is near the $85,000 level. The first key resistance is near the $85,500 level. The next key resistance could be $86,200. A close above the $86,200 resistance might send the price further higher. In the stated case, the price could rise and test the $87,500 resistance level. Any more gains might send the price toward the $88,000 level. Another Rejection In BTC? If Bitcoin fails to rise above the $85,500 resistance zone, it could start another decline. Immediate support on the downside is near the $84,200 level and the trend line. The first major support is near the $83,200 level. The next support is now near the $82,200 zone and the 50% Fib retracement level of the upward move from the $78,600 swing low to the $85,850 high. Any more losses might send the price toward the $81,500 support in the near term. The main support sits at $80,800. 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 – $84,200, followed by $83,500. Major Resistance Levels – $85,500 and $85,850.
Bitcoin Price Rises Steadily—But Can the Rally Hold This Time??
Reason to trust Strict editorial policy that focuses on accuracy, relevance, and impartiality Created by industry experts and meticulously reviewed The highest standards in reporting and publishing Strict editorial policy that focuses on accuracy, relevance, and impartiality Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio. Este artículo también está disponible en español. Bitcoin price started a fresh increase above the $82,500 zone. BTC is now consolidating gains and might attempt to clear the $85,850 resistance. Bitcoin started a fresh increase above the $83,200 zone. The price is trading above $82,500 and the 100 hourly Simple moving average. There was a break above a connecting bearish trend line with resistance at $84,500 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could start another increase if it clears the $85,500 zone. Bitcoin Price Rises Again Bitcoin price started a fresh increase above the $81,500 zone. BTC formed a base and gained pace for a move above the $82,500 and $83,200 resistance levels. The bulls pumped the price above the $84,500 resistance. A high was formed at $85,850 and the price recently started a downside correction. There was a move below the $84,500 support. The price dipped below the 23.6% Fib retracement level of the upward move from the $78,600 swing low to the $85,850 high. However, the price remained stable above $82,200. Bitcoin price is now trading above $82,500 and the 100 hourly Simple moving average. There was a break above a connecting bearish trend line with resistance at $84,500 on the hourly chart of the BTC/USD pair. Source: BTCUSD on TradingView.com On the upside, immediate resistance is near the $85,500 level. The first key resistance is near the $85,850 level. The next key resistance could be $86,500. A close above the $86,500 resistance might send the price further higher. In the stated case, the price could rise and test the $88,000 resistance level. Any more gains might send the price toward the $88,800 level. Another Decline In BTC? If Bitcoin fails to rise above the $85,500 resistance zone, it could continue to move down. Immediate support on the downside is near the $84,200 level. The first major support is near the $82,200 level and the 50% Fib retracement level of the upward move from the $78,600 swing low to the $85,850 high. The next support is now near the $81,200 zone. Any more losses might send the price toward the $80,500 support in the near term. The main support sits at $80,000. 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 – $84,500, followed by $82,200. Major Resistance Levels – $85,500 and $85,800.
Bitcoin Holds The Line—But Can It Bounce Back or Break Lower?
Reason to trust Strict editorial policy that focuses on accuracy, relevance, and impartiality Created by industry experts and meticulously reviewed The highest standards in reporting and publishing Strict editorial policy that focuses on accuracy, relevance, and impartiality Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio. Este artículo también está disponible en español. Bitcoin price started a fresh increase above the $80,000 zone. BTC is now correcting gains and might struggle to stay above the $79,500 support. Bitcoin started a fresh increase above the $80,000 zone. The price is trading above $79,500 and the 100 hourly Simple moving average. There is a new connecting bearish trend line forming with resistance at $80,500 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could start another increase if it clears the $80,500 zone. Bitcoin Price Dips Again Bitcoin price started a fresh increase above the $77,500 zone. BTC formed a base and gained pace for a move above the $79,500 and $80,000 resistance levels. The bulls pumped the price above the $82,500 resistance. A high was formed at $83,548 and the price recently started a downside correction. There was a move below the $81,500 support. The price dipped below the 23.6% Fib retracement level of the upward move from the $74,572 swing low to the $83,548 high. Bitcoin price is now trading above $79,200 and the 100 hourly Simple moving average. On the upside, immediate resistance is near the $80,500 level. There is also a new connecting bearish trend line forming with resistance at $80,500 on the hourly chart of the BTC/USD pair. Source: BTCUSD on TradingView.com The first key resistance is near the $81,500 level. The next key resistance could be $82,500. A close above the $82,500 resistance might send the price further higher. In the stated case, the price could rise and test the $83,500 resistance level. Any more gains might send the price toward the $85,000 level. More Losses In BTC? If Bitcoin fails to rise above the $80,500 resistance zone, it could continue to move down. Immediate support on the downside is near the $79,500 level. The first major support is near the $79,000 level and the 50% Fib retracement level of the upward move from the $74,572 swing low to the $83,548 high. The next support is now near the $78,000 zone. Any more losses might send the price toward the $76,500 support in the near term. The main support sits at $75,000. 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 above the 50 level. Major Support Levels – $79,500, followed by $79,000. Major Resistance Levels – $80,500 and $81,500.
Bitcoin Rallies After Trump Pauses Tariff—Crypto Markets Cheer the Move
Reason to trust Strict editorial policy that focuses on accuracy, relevance, and impartiality Created by industry experts and meticulously reviewed The highest standards in reporting and publishing Strict editorial policy that focuses on accuracy, relevance, and impartiality Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio. Este artículo también está disponible en español. Bitcoin price started a fresh increase above the $80,000 zone. BTC is now consolidating gains and might correct some to test the $80,500 zone. Bitcoin started a fresh increase above the $80,000 zone. The price is trading above $80,500 and the 100 hourly Simple moving average. There was a break above a key bearish trend line with resistance at $78,800 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could start another increase if it clears the $83,500 zone. Bitcoin Price Jumps Over 5% Bitcoin price started a fresh increase from the $74,500 zone. BTC formed a base and gained pace for a move above the $78,500 and $80,000 resistance levels. The bulls pumped the price above the $80,500 resistance. There was a break above a key bearish trend line with resistance at $78,800 on the hourly chart of the BTC/USD pair. The pair even cleared the $82,500 resistance zone. A high was formed at $83,548 and the price is now consolidating gains above the 23.6% Fib retracement level of the upward move from the $74,572 swing low to the $83,548 high. Bitcoin price is now trading above $80,200 and the 100 hourly Simple moving average. On the upside, immediate resistance is near the $83,200 level. The first key resistance is near the $83,500 level. Source: BTCUSD on TradingView.com The next key resistance could be $84,500. A close above the $84,500 resistance might send the price further higher. In the stated case, the price could rise and test the $85,800 resistance level. Any more gains might send the price toward the $88,000 level. Are Dips Supported In BTC? If Bitcoin fails to rise above the $83,500 resistance zone, it could start a downside correction. Immediate support on the downside is near the $81,400 level. The first major support is near the $80,500 level. The next support is now near the $79,500 zone or the 50% Fib retracement level of the upward move from the $74,572 swing low to the $83,548 high. Any more losses might send the price toward the $78,000 support in the near term. The main support sits at $75,000. 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 – $81,400, followed by $80,500. Major Resistance Levels – $83,500 and $84,500.
Bitcoin Price Takes Another Tumble—Is The Floor About to Crack?
Reason to trust Strict editorial policy that focuses on accuracy, relevance, and impartiality Created by industry experts and meticulously reviewed The highest standards in reporting and publishing Strict editorial policy that focuses on accuracy, relevance, and impartiality Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio. Este artículo también está disponible en español. Bitcoin price started a fresh decline below the $78,000 zone. BTC is now consolidating losses and might face resistance near the $77,800 zone. Bitcoin started a fresh decline below the $78,000 zone. The price is trading below $78,500 and the 100 hourly Simple moving average. There is a connecting bearish trend line forming with resistance at $79,500 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could start another increase if it clears the $78,500 zone. Bitcoin Price Dips Again Bitcoin price started a fresh decline below the $80,000 and $79,500 levels. BTC traded below the $78,500 and $77,000 levels to enter a bearish zone. The price even dived below the $75,000 support zone. A low was formed at $74,475 and the price started a recovery wave. There was a move above the $75,500 level. The price climbed above the 23.6% Fib retracement level of the recent decline from the $80,800 swing high to the $74,475 low. Bitcoin price is now trading below $78,200 and the 100 hourly Simple moving average. On the upside, immediate resistance is near the $77,800 level or the 50% Fib retracement level of the recent decline from the $80,800 swing high to the $74,475 low. The first key resistance is near the $78,500 level. The next key resistance could be $79,500. There is also a connecting bearish trend line forming with resistance at $79,500 on the hourly chart of the BTC/USD pair. Source: BTCUSD on TradingView.com A close above the $79,500 resistance might send the price further higher. In the stated case, the price could rise and test the $81,500 resistance level. Any more gains might send the price toward the $82,000 level. Another Decline In BTC? If Bitcoin fails to rise above the $78,500 resistance zone, it could start a fresh decline. Immediate support on the downside is near the $75,750 level. The first major support is near the $74,750 level. The next support is now near the $73,500 zone. Any more losses might send the price toward the $72,000 support in the near term. The main support sits at $70,000. Technical indicators: Hourly MACD – The MACD is now gaining pace in the bearish zone. Hourly RSI (Relative Strength Index) – The RSI for BTC/USD is now below the 50 level. Major Support Levels – $75,750, followed by $74,750. Major Resistance Levels – $78,500 and $79,500.
Bitcoin Price Recovery In Play—But Major Hurdles Loom Large
Reason to trust Strict editorial policy that focuses on accuracy, relevance, and impartiality Created by industry experts and meticulously reviewed The highest standards in reporting and publishing Strict editorial policy that focuses on accuracy, relevance, and impartiality Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio. Este artículo también está disponible en español. Bitcoin price started a fresh decline below the $80,000 zone. BTC is now correcting losses and might face resistance near the $80,500 zone. Bitcoin started a fresh decline below the $80,000 zone. The price is trading below $81,500 and the 100 hourly Simple moving average. There is a connecting bearish trend line forming with resistance at $80,400 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could start another increase if it clears the $81,500 zone. Bitcoin Price Starts Recovery Bitcoin price started a fresh decline below the $82,000 and $81,200 levels. BTC traded below the $80,500 and $80,000 levels to enter a bearish zone. The price even dived below the $78,000 support zone. A low was formed at $74,409 and the price started a recovery wave. There was a move above the $76,800 level. The price climbed above the 50% Fib retracement level of the recent decline from the $83,680 swing high to the $74,409 low. However, the price is struggling to continue higher. Bitcoin price is now trading below $81,200 and the 100 hourly Simple moving average. On the upside, immediate resistance is near the $80,400 level. There is also a connecting bearish trend line forming with resistance at $80,400 on the hourly chart of the BTC/USD pair. Source: BTCUSD on TradingView.com The first key resistance is near the $81,500 level or the 76.4% Fib retracement level of the recent decline from the $83,680 swing high to the $74,409 low. The next key resistance could be $82,500. A close above the $82,500 resistance might send the price further higher. In the stated case, the price could rise and test the $83,500 resistance level. Any more gains might send the price toward the $85,000 level. Another Decline In BTC? If Bitcoin fails to rise above the $80,500 resistance zone, it could start a fresh decline. Immediate support on the downside is near the $79,500 level. The first major support is near the $78,000 level. The next support is now near the $76,500 zone. Any more losses might send the price toward the $75,000 support in the near term. The main support sits at $74,400. 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 – $79,500, followed by $78,000. Major Resistance Levels – $80,500 and $81,500.
Bitcoin Price Crashes Hard—Is The Selloff Just Getting Started?
Reason to trust Strict editorial policy that focuses on accuracy, relevance, and impartiality Created by industry experts and meticulously reviewed The highest standards in reporting and publishing Strict editorial policy that focuses on accuracy, relevance, and impartiality Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio. Este artículo también está disponible en español. Bitcoin price started a fresh decline below the $83,500 zone. BTC is consolidating losses and might start another decline below the $80,000 level. Bitcoin started a fresh decline below the $82,000 zone. The price is trading below $81,200 and the 100 hourly Simple moving average. There was a break below a connecting bullish trend line with support at $83,000 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could start another increase if it clears the $80,500 zone. Bitcoin Price Dips Below Support Bitcoin price failed to settle above the $83,500 level and started a fresh decline. BTC traded below the $83,000 ad $82,000 levels to enter a bearish zone. There was a break below a connecting bullish trend line with support at $83,000 on the hourly chart of the BTC/USD pair. The pair even dived below the $80,000 support zone. A low was formed at $77,057 and the price started a recovery wave. There was a move above the $78,800 level. The price climbed above the 23.6% Fib retracement level of the recent decline from the $83,680 swing high to the $77,057 low. However, the price is struggling to continue higher. Bitcoin price is now trading below $81,500 and the 100 hourly Simple moving average. On the upside, immediate resistance is near the $80,000 level. The first key resistance is near the $80,500 level or the 50% Fib retracement level of the recent decline from the $83,680 swing high to the $77,057 low. Source: BTCUSD on TradingView.com The next key resistance could be $81,500. A close above the $81,500 resistance might send the price further higher. In the stated case, the price could rise and test the $82,500 resistance level. Any more gains might send the price toward the $83,500 level. Another Decline In BTC? If Bitcoin fails to rise above the $80,500 resistance zone, it could start a fresh decline. Immediate support on the downside is near the $77,500 level. The first major support is near the $77,000 level. The next support is now near the $76,500 zone. Any more losses might send the price toward the $75,000 support in the near term. The main support sits at $74,200. Technical indicators: Hourly MACD – The MACD is now gaining pace in the bearish zone. Hourly RSI (Relative Strength Index) – The RSI for BTC/USD is now below the 50 level. Major Support Levels – $77,500, followed by $77,000. Major Resistance Levels – $80,000 and $80,500.
Bitcoin Price Still In Trouble—Why Recovery Remains Elusive
Reason to trust Strict editorial policy that focuses on accuracy, relevance, and impartiality Created by industry experts and meticulously reviewed The highest standards in reporting and publishing Strict editorial policy that focuses on accuracy, relevance, and impartiality Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio. Este artículo también está disponible en español. Bitcoin price started a recovery wave from the $81,200 zone. BTC is consolidating losses and facing hurdles near the $83,500 resistance level. Bitcoin started a decent recovery wave above the $82,200 zone. The price is trading below $83,200 and the 100 hourly Simple moving average. There is a connecting bearish trend line forming with resistance at $83,500 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could start another increase if it clears the $83,500 zone. Bitcoin Price Faces Resistance Bitcoin price extended losses below the $82,500 support zone and tested the $81,200 zone. BTC formed a base and recently started a decent recovery wave above the $82,200 resistance zone. The bulls were able to push the price above the $82,500 and $83,000 resistance levels. The price even tested the 23.6% Fib retracement level of the recent decline from the $89,042 swing high to the $81,177 low. However, the price is struggling to continue higher. Bitcoin price is now trading below $83,500 and the 100 hourly Simple moving average. On the upside, immediate resistance is near the $83,200 level. The first key resistance is near the $83,500 level. There is also a connecting bearish trend line forming with resistance at $83,500 on the hourly chart of the BTC/USD pair. Source: BTCUSD on TradingView.com The next key resistance could be $84,500. A close above the $84,500 resistance might send the price further higher. In the stated case, the price could rise and test the $85,500 resistance level. Any more gains might send the price toward the $86,000 level or 61.8% Fib retracement level of the recent decline from the $89,042 swing high to the $81,177 low. Another Decline In BTC? If Bitcoin fails to rise above the $83,500 resistance zone, it could start a fresh decline. Immediate support on the downside is near the $82,200 level. The first major support is near the $81,200 level. The next support is now near the $80,500 zone. Any more losses might send the price toward the $80,000 support in the near term. The main support sits at $78,800. Technical indicators: Hourly MACD – The MACD is now losing pace in the bearish zone. Hourly RSI (Relative Strength Index) – The RSI for BTC/USD is now below the 50 level. Major Support Levels – $82,200, followed by $81,200. Major Resistance Levels – $83,500 and $85,000.
Bitcoin Price Swings Wildly—Yet Bears Keep the Upper Hand!
Reason to trust Strict editorial policy that focuses on accuracy, relevance, and impartiality Created by industry experts and meticulously reviewed The highest standards in reporting and publishing Strict editorial policy that focuses on accuracy, relevance, and impartiality Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio. Este artículo también está disponible en español. Bitcoin price started a recovery wave above the $85,500 zone. BTC is trimming all gains and might decline again toward the $80,000 zone. Bitcoin started a decent recovery wave above the $84,500 zone. The price is trading near $83,500 and the 100 hourly Simple moving average. There was a break below a connecting bullish trend line with support at $85,000 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could start another increase if it stays above the $82,200 zone. Bitcoin Price Dips Sharply Bitcoin price managed to stay above the $82,500 support zone. BTC formed a base and recently started a decent recovery wave above the $83,500 resistance zone. The bulls were able to push the price above the $84,500 and $85,500 resistance levels. The price even climbed above the $88,000 resistance. A high was formed at $89,042 and the price started a sharp decline. There was a drop below the $86,000 and $85,000 levels. There was a break below a connecting bullish trend line with support at $85,000 on the hourly chart of the BTC/USD pair. A low was formed at $82,141 and the price is now consolidating near the 23.6% Fib retracement level of the recent decline from the $89,042 swing high to the $82,141 low. Bitcoin price is now trading near $83,500 and the 100 hourly Simple moving average. On the upside, immediate resistance is near the $84,000 level. The first key resistance is near the $85,000 level. Source: BTCUSD on TradingView.com The next key resistance could be $85,550 and the 50% Fib retracement level of the recent decline from the $89,042 swing high to the $82,141 low. A close above the $85,550 resistance might send the price further higher. In the stated case, the price could rise and test the $86,800 resistance level. Any more gains might send the price toward the $88,000 level or even $88,500. More Losses In BTC? If Bitcoin fails to rise above the $85,000 resistance zone, it could start a fresh decline. Immediate support on the downside is near the $82,800 level. The first major support is near the $82,200 level. The next support is now near the $81,350 zone. Any more losses might send the price toward the $80,500 support in the near term. The main support sits at $80,000. Technical indicators: Hourly MACD – The MACD is now losing pace in the bearish zone. Hourly RSI (Relative Strength Index) – The RSI for BTC/USD is now below the 50 level. Major Support Levels – $82,800, followed by $82,200. Major Resistance Levels – $84,200 and $85,500.
Bitcoin Price Bounces Back—Can It Finally Break Resistance?
Reason to trust Strict editorial policy that focuses on accuracy, relevance, and impartiality Created by industry experts and meticulously reviewed The highest standards in reporting and publishing Strict editorial policy that focuses on accuracy, relevance, and impartiality Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio. Este artículo también está disponible en español. Bitcoin price started a recovery wave above the $83,500 zone. BTC is now consolidating and might struggle to settle above the $85,500 zone. Bitcoin started a decent recovery wave above the $83,500 zone. The price is trading above $83,000 and the 100 hourly Simple moving average. There is a connecting bullish trend line forming with support at $84,500 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could start another increase if it stays above the $83,500 zone. Bitcoin Price Starts Recovery Bitcoin price managed to stay above the $82,000 support zone. BTC formed a base and recently started a decent recovery wave above the $82,500 resistance zone. The bulls were able to push the price above the $83,500 and $84,200 resistance levels. The price even climbed above the $85,000 resistance. A high was formed at $85,487 and the price is now consolidating gains above the 23.6% Fib retracement level of the upward move from the $81,320 swing low to the $85,487 high. Bitcoin price is now trading above $83,500 and the 100 hourly Simple moving average. There is also a connecting bullish trend line forming with support at $84,550 on the hourly chart of the BTC/USD pair. Source: BTCUSD on TradingView.com On the upside, immediate resistance is near the $85,200 level. The first key resistance is near the $85,500 level. The next key resistance could be $85,850. A close above the $85,850 resistance might send the price further higher. In the stated case, the price could rise and test the $86,650 resistance level. Any more gains might send the price toward the $88,000 level or even $88,500. Another Decline In BTC? If Bitcoin fails to rise above the $85,500 resistance zone, it could start a fresh decline. Immediate support on the downside is near the $84,500 level and the trend line. The first major support is near the $83,500 level and the 50% Fib retracement level of the upward move from the $81,320 swing low to the $85,487 high. The next support is now near the $82,850 zone. Any more losses might send the price toward the $82,000 support in the near term. The main support sits at $80,500. 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 above the 50 level. Major Support Levels – $84,500, followed by $83,500. Major Resistance Levels – $85,200 and $85,500.