Bitcoin Price Watch: BTC/USD Hesitates, But Further Gains Possible

2018-8-10 11:48

Key Points Bitcoin price corrected higher and moved above the $6,350 resistance against the US Dollar. There is a key ascending channel forming with support at $6,300 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair is facing a couple of important resistances near the $6,630 and $6,680 levels.

Bitcoin price is slowly rebounding from $6,200 against the US Dollar. BTC/USD must clear the $6,680 resistance and the 100 hourly SMA to gain bullish momentum.

Bitcoin Price Analysis

Yesterday, we discussed bitcoin price could rebound further from the $6,100 support against the US Dollar. The BTC/USD pair did move higher and broke the $6,350 and $6,550 resistance levels. The move was positive since the price broke the 38.2% Fib retracement level of the last drop from the $7,160 swing high to $6,100 swing low. However, the upside move faced a strong resistance near the $6,630 level.

It seems like the 50% Fib retracement level of the last drop from the $7,160 swing high to $6,100 swing low acted as a barrier. The price declined a few points and is currently trading near the $6,400-6,450 zone. More importantly, there is a key ascending channel forming with support at $6,300 on the hourly chart of the BTC/USD pair. The channel support is very important near the $6,300 level and is likely to act as a buy zone. On the upside, the channel resistance at $6,680 is positioned with the 100 hourly simple moving average. Therefore, a close above $6,680 is must for more gains in the near term.

Looking at the chart, there were positive moves in bitcoin price above the $6,100 and $6,300 levels. Going forward, if buyers gain strength above $6,680, there could be solid gains in BTC/USD towards $7,000.

Looking at the technical indicators:

Hourly MACD – The MACD for BTC/USD is slightly placed in the bearish zone.

Hourly RSI (Relative Strength Index) – The RSI is currently moving above the 50 level.

Major Support Level – $6,300

Major Resistance Level – $6,680

The post Bitcoin Price Watch: BTC/USD Hesitates, But Further Gains Possible appeared first on NewsBTC.

origin »

Bitcoin price in Telegram @btc_price_every_hour

Bitcoin (BTC) на Currencies.ru

$ 70413.17 (+0.64%)
Объем 24H $44.513b
Изменеия 24h: 1.13 %, 7d: -4.05 %
Cегодня L: $69244.43 - H: $70774.07
Капитализация $1408.346b Rank 1
Цена в час новости $ 6452.34 (991.28%)

bitcoin btc usd price pair key hesitates

Источник: newsbtc.com

bitcoin btc → Результатов: 126


Фото:

Bitcoin whales added 200,000 BTC in a month — but short-term demand is fading at the same time

Bitcoin's ongoing price struggles is turning into a market defined less by “bad news” and more by mechanics, the kind that can keep a downtrend alive even when selling looks tired. According to CryptoSlate's data, the BTC price is down approximately 46% from the record high near $126,000 set in early October 2025 and trading […] The post Bitcoin whales added 200,000 BTC in a month — but short-term demand is fading at the same time appeared first on CryptoSlate.

2026-2-18 21:05


Фото:

Trump Family-Backed American Bitcoin Keeps Stacking Bitcoin, Holdings Pass 6,000 BTC

Bitcoin Magazine Trump Family-Backed American Bitcoin Keeps Stacking Bitcoin, Holdings Pass 6,000 BTC American Bitcoin (ABTC) has pushed its Bitcoin reserves past 6,000 BTC. This post Trump Family-Backed American Bitcoin Keeps Stacking Bitcoin, Holdings Pass 6,000 BTC first appeared on Bitcoin Magazine and is written by Micah Zimmerman.

2026-2-17 19:20


Bitcoin Price Prediction: New Bitcoin Protocol Upgrade Makes BTC More Quantum-Resistant – $1 Million BTC Possible Now?

Bitcoin’s march toward becoming a global reserve asset has faced one persistent existential question: What happens when quantum computers become powerful enough to crack its cryptography? A new proposal, BIP-360, aims to answer this, potentially clearing the final hurdle for institutional adoption.

2026-2-12 19:18


дальше еще 77 новостей →

Партнеры Currencies.ru



Реклама на Currencies.ru

Самое свежее на Currencies.ru

Bitcoin ETFs Hold Billions as BTC Slips Below $70K, Analysts Warn of Potential Free Fall

Bitcoin’s (BTC) struggle to hold key price levels is raising fresh concerns across crypto markets, even as spot exchange-traded funds continue to control tens of billions of dollars in assets. Related Reading: Bitcoin May Gain If AI Job Losses Trigger Bank Stress, Hayes Says The largest cryptocurrency has fallen back below the psychologically important $70,000 mark, trading around $68,000 after weeks of steady selling pressure and weakening momentum.

Bitcoin Struggles Near $90K as ETFs Absorb Retail Demand and On-Chain Activity Drops

Bitcoin (BTC) is trading uncomfortably close to the $90,000 mark, as a mix of macro caution, thinning liquidity, and shifting market structure continues to weigh on price action. Related Reading: Wall Street Storms Ripple In Explosive $500 Million Deal What was once a retail-driven ecosystem is now increasingly shaped by institutional flows, with U.S. spot […]

Bitcoin Mining Costs Spike To Nearly $50K As Miners Look To AI For Survival

Bitcoin mining is now a highly competitive industry that’s not just expensive but technology-intensive as well. Individuals interested in joining the growing mining industry must invest in a specialized computer system, steady internet, reliable energy supply, and a good amount of skill to manage the process.