Bitcoin Price Weekly Analysis: BTC/USD Remains Supported Near $6,380

2018-10-28 10:30

Key Points

Bitcoin price is holding the $6,380 and $6,350 support levels against the US Dollar. There is a major contracting triangle forming with resistance at $6,420 on the 4-hours chart of the BTC/USD pair (data feed from Kraken). The pair needs to surpass the $6,420 and $6,460 resistance levels to gain momentum.

Bitcoin price is holding the key $6,350 support against the US Dollar. BTC/USD is likely to break $6,420 to climb towards the $6,460 and $6,500 levels.

Bitcoin Price Analysis

This past week, sellers made many attempts to clear the $6,380 and $6,350 supports in bitcoin price against the US Dollar. However, the BTC/USD pair remained well bid around the $6,380 level, which acted as a strong support. The recent low was formed at $6,385 before the price started an upside correction. It traded above the 23.6% Fib retracement level of the recent decline from the $6,450 high to $6,385 low.

The price also moved above the $6,400 level and the 100 simple moving average (4-hours). However, the upside move was protected by the $6,415-6,420 zone. Besides, the 50% Fib retracement level of the recent decline from the $6,450 high to $6,385 low is acting as a strong resistance. More importantly, there a major contracting triangle forming with resistance at $6,420 on the 4-hours chart of the BTC/USD pair. The pair may soon clear the $6,420 resistance to climb further. However, a proper break and close above the $6,460 resistance is needed for buyers to gain momentum.

Looking at the chart, BTC price is well supported on the downside near the $6,380 and $6,350 levels. As long as the price is above these supports, there are high chances of it moving higher towards $6,460. The next main hurdle for buyers are $6,500 and $6,540.

Looking at the technical indicators:

4-hours MACD – The MACD for BTC/USD is slowly gaining pace in the bullish zone.

4-hours RSI (Relative Strength Index) – The RSI is currently flat near the 50 level.

Major Support Level – $6,350

Major Resistance Level – $6,460

The post Bitcoin Price Weekly Analysis: BTC/USD Remains Supported Near $6,380 appeared first on NewsBTC.

origin »

Bitcoin (BTC) на Currencies.ru

$ 87770.1 (+0.48%)
Объем 24H $27.125b
Изменеия 24h: 0.33 %, 7d: 2.02 %
Cегодня L: $86699.18 - H: $87770.1
Капитализация $1741.579b Rank 1
Цена в час новости $ 6352.8 (1281.6%)

bitcoin price 380 usd btc 420 levels

Источник: newsbtc.com

bitcoin price → Результатов: 126


The Fed is expected to cut interest rates twice in 2025, what might this mean for the Bitcoin price?

The cryptocurrency market has gone mainstream. It is no longer retail investors’ assets as institutions globally are investing in Bitcoin and other major cryptocurrencies.   As a risk-based asset, Bitcoin’s price is affected by central bank policies, especially those from the United States Federal Reserve.

2025-2-18 15:05


Bitcoin Price Remains Bullish As Monthly Stochastic Sits Above 80, Here’s Why

The Bitcoin price has struggled to break above the $100,000 threshold decisively over the past four weeks, largely fluctuating within the $90,000 to $100,000 range. This correction and lackluster price action have caused a degree of bearish sentiment among traders, with some speculating that Bitcoin might have already reached its peak for the current cycle. […]

2025-1-15 18:30


дальше еще 77 новостей →

Партнеры Currencies.ru



Реклама на Currencies.ru

Самое свежее на Currencies.ru

Новая американская мечта в BTC

Майкл Сейлор предложил правительству США скупить до 25% всего BTC в течение следующего десятилетия. По его мнению, с 2025 по 2035 год (когда будет добыто 99% всех BTC) американское правительство должно постепенно накапливать BTC и сформировать так называемый “стратегический биткоин-резерв”.

Киты сливают BTC, — объемы на минимуме с 2019 года

По данным аналитиков IntoTheBlock, объем биткоинов, находящихся у крупных держателей, упал до минимального уровня за последние 6 лет. Если говорить конкретнее, этот показатель сейчас на уровне 2019 года.

Bitcoin miner MARA closes deal for Texas wind farm

MARA says the Texas wind farm has a capacity of 240 megawatts of interconnection and 114 megawatts of nameplate wind. The Bitcoin mining company will leverage the site to cut its Bitcoin mining costs.

США ускоряют принятие биткоина

Всего за два дня штаты Флорида, Айова и Мэриленд представили новые законопроекты об интеграции BTC в госфинансы США. Если их примут, штаты смогут инвестировать в биткоин, принимать его в качестве платежей, а также создать стратегические резервы в крипте.

Чехия подписала закон, который освобождает холдеров BTC от налога на прибыль, если его держат более трех лет

По словам аналитиков, это станет катализатором для привлечения новых инвесторов в страну. Вчера, 6 февраля президент Чехии Петр Павел подписал закон, который освобождает bitcoin-холдеров от налога на прирост капитала, если актив находится в собственности более трех лет.