Bitcoin is currently consolidating above the key $8,500 support area against the US Dollar. BTC price could start a fresh rally if it clears the $8,800 resistance area.
Bitcoin price is confined in a range above the main $8,500 support against the US Dollar.
The bulls are facing hurdles near the $8,760 and $8,800 resistance levels.
There is a key contracting triangle forming with resistance near $8,720 on the hourly chart of the BTC/USD pair (data feed from Kraken).
The pair could either rally above $8,800 or start a downside extension below $8,470.
Bitcoin Sighting Upside Break
Yesterday, we discussed a downside correction in bitcoin from well above the $9,000 level against the US Dollar. BTC price followed a short term bearish path and broke the $8,800 support area.
Moreover, there was a close below the $8,800 level and the 100 hourly simple moving average. Finally, bitcoin tested the key $8,500 support area and recently started a tiny recovery.
The price tested the $8,500 support area on multiple occasions, but the bears failed to gain traction. As a result, the price recovered above the $8,650 level, plus the 23.6% Fib retracement level of the downward move from the $9,186 high to $8,470 swing low.
On the upside, there are a few key hurdles forming near the $8,760 and $8,800 levels for bitcoin. Besides, there is a key contracting triangle forming with resistance near $8,720 on the hourly chart of the BTC/USD pair.
More importantly, the 100 hourly SMA is near the $8,800 level and the 50% Fib retracement level of the downward move from the $9,186 high to $8,470 swing low.
Therefore, a successful break above the $8,800 resistance could start a fresh rally. In the mentioned case, bitcoin price is likely to climb above the $9,000 and $9,100 levels in the near term. Any further gains could lead the price towards $9,300.
Importance of $8,500 for BTC
As mentioned, the $8,500 support area holds a lot of importance for BTC bulls. If the price fails to stay above the $8,500 and $8,470 support levels, there could be another slide.
Below $8,470, bitcoin is likely to extend its losses towards $8,200 or $8,000. The main support is near $8,000, where the bulls are likely to take a stand.
Technical indicators:
Hourly MACD – The MACD is slowly gaining momentum in the bullish zone.
Hourly RSI (Relative Strength Index) – The RSI for BTC/USD is moving higher and it is just above the 50 level.
Major Support Levels – $8,560 followed by $8,500.
Major Resistance Levels – $8,760, $8,800 and $8,830. The post appeared first on NewsBTC. origin »
Since the short squeeze in mid-December, Bitcoin has yet to make any significant price gain, facing multiple rejections at the $90,000 price zone. The maiden cryptocurrency is presently consolidating within the $87,000, while investors patiently anticipate a clear market direction.
Crypto chartist Ali Martinez has pointed out a potential downtrend on the Bitcoin price chart. According to him, the price of Bitcoin could dump to $40k based on a historical pattern. In other news, investors are jumping ship to DeepSnitch AI.
Bitcoin has continued to trend lower on the back of selling pressure building across the market. In fact, the world's largest cryptocurrency is now well off its all-time high of close to $126k, with BThe post Bitcoin - All about the liquidity signals that are hinting at a price recovery in 2026 appeared first on AMBCrypto.
Bitcoin Magazine
Bitcoin Price Struggles at $90,000 as Christmas Trading Looms
The bitcoin price briefly climbed above $90,000 after rising from $88,000 during Asian and European hours, before retreating toward $88,000 again during U.
Bitcoin price recently climbed above $90,000, hinting at a possible recovery, but there are still concerns that the rally may not last.
The post Bitcoin Price Reclaims $90,000, Is This Dead Cat Bounce? appeared first on Coinspeaker.
Bitcoin is trading around $88,000, well below its recent all-time high near $124,000. While price has stabilized after the sharp pullback, on-chain data suggests the market may not be out of the woods yet.
Although the Bitcoin price has recently displayed swift recovery to the upside, the broader picture still mirrors a bleak future for the flagship cryptocurrency. A new on-chain evaluation has surfaced, which suggests that Bitcoin’s recent price recovery could be happening within a broader, weak trend, with macroeconomic factors acting as the major influences.
Bitcoin Magazine
Bitcoin Price Crashes to $84,000 – Is $70,000 Next?
The bitcoin price experienced two more aggressive dumps today, now trading near $84,500.
This post Bitcoin Price Crashes to $84,000 – Is $70,000 Next? first appeared on Bitcoin Magazine and is written by Micah Zimmerman.
As the market volatility heats up again, the price of Bitcoin witnessed a pullback, bringing it closer to the $90,000 threshold. While BTC’s price faces a pullback, key on-chain metrics are beginning to follow suit, reaching levels that could shape or determine the next trajectory of the market.
Bitcoin Magazine
Bitcoin Price Forecast Tools and Cycle Valuation Metrics
This One Chart Has Never Missed a Bitcoin Price Top or Bottom in 15 Years
This post Bitcoin Price Forecast Tools and Cycle Valuation Metrics first appeared on Bitcoin Magazine and is written by Matt Crosby.
Bitcoin Magazine
Bitcoin Price Fights For $90,000 Despite Fed Rate Cuts
The bitcoin price fell on Wednesday night into Thursday, falling from $94,000 to below $90,000.
This post Bitcoin Price Fights For $90,000 Despite Fed Rate Cuts first appeared on Bitcoin Magazine and is written by Micah Zimmerman.
Bitcoin (BTC) is trading in a narrow range between $92,000 and $94,000, a zone that could dictate whether the cryptocurrency rallies toward $100,000 or retraces to around $90,000.
When Strategy disclosed its acquisition of more than 10,000 Bitcoin worth $1 billion, market watchers anticipated an immediate rally. Instead, Bitcoin’s price barely moved. The muted response was not a reflection of weak demand but the result of how the purchase was executed.
Bitcoin Magazine
Bitcoin Price Skyrockets to $94,000 as Banks Start to Embrace Bitcoin
The bitcoin price is pumping this morning, currently trading above $94,000.
This post Bitcoin Price Skyrockets to $94,000 as Banks Start to Embrace Bitcoin first appeared on Bitcoin Magazine and is written by Micah Zimmerman.
The Bitcoin price in December is now a key focus, given that the market ended November on a weak note. Bitcoin dropped more than 17% this month, breaking its usual November trend and raising questions about whether the recent $80,000 bounce was the real bottom.
Bitcoin Magazine
Bitcoin Price Dip Or New Bear Market?
Bitcoin Price Under Pressure as LTHs Distribute: Rising VDD Multiple & Falling Long-Term Holder Supply Show No Capitulation Yet.
Bitcoin has spent the past several weeks trapped in a persistent decline, wiping hundreds of billions of dollars from its market value and reversing nearly a year’s worth of gains. The pullback has pushed the price far below its October all-time high of $126,000 and has dragged sentiment with it as traders search for answers.
Bitcoin Magazine
Bitcoin Price Teeters at $93,000 as Bears Press Their Advantage
Bitcoin price is struggling to hold $93,000 as thin liquidity, leverage-driven volatility, and a critical break in market structure fuel one of the most bearish stretches of the 2025 cycle.
Bitcoin Magazine
Bitcoin Price Jumps Near $94,000 After Sub-$90,000 Dip
Bitcoin price briefly fell below $90,000 overnight before rebounding to the $94,000 range, trading near its weekly high, with over 19.
Bitcoin Magazine
Bitcoin Price Freefalls Down to $91,0000 and New Lows
Bitcoin price has fallen nearly 30% from its early October peak near $126,000, trading in the $92,000–$95,000 range as investors weigh Fed uncertainty and missing economic data.
PlanB argues that Bitcoin is trading far below its historical relationship with stocks and gold. The current $BTC price is beneath long-term regression trends.
2025 delivered a brutal lesson in market structure for Bitcoin. The year began with political momentum and drifted into a summer of aggressive policy signals. Yet, it snapped into one of the sharpest boom-to-bust sequences in the asset’s history.
Bitcoin price prediction for the end of 2025 has slightly improved as gold has set a new record; but the crypto that is shining the most for next year is DeepSnitch AI.
With Bitcoin drifting below $89K, investors are turning to staking. Funds Coin offers automated, secure daily rewards to earn even in sideways markets.
