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 »
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.
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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.
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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.
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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.
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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.
Bitcoin price is consolidating gains below the $37,000 zone. BTC could gain bullish momentum if there is a close above the $36,800 and $37,000 levels. Bitcoin is holding gains above the $36,000 support zone.
Bitcoin has spiked to above $95k, hitting a two month high. Cryptocurrencies are up as stocks rise. CryptoQuant says the benchmark cryptocurrency could see a short squeeze. Bitcoin price spiked to above $95k on Friday, hitting a two-month high as cryptocurrencies rallied alongside stocks on fresh sentiment around tariffs.
Aergo price has dived 12% as Bitcoin and top altcoins rally. The AERGO token falls amid profit-taking after a staggering 300% surge. Bears could eye levels below $0. 20. Aergo price has dipped further as profit-taking holds, with the altcoin declining even as most altcoins rose in the past 24 hours.
Есть такая компания, Project Eleven. Это команда ученых-исследователей, которые занимаются, криптобезопасностью. И они решили проверить, насколько биток защищен от квантовых компьютеров. Так вот, исследователи из Project Eleven объявили конкурс.
Кажется, началось! Администрация США прямо сейчас готовится к самой масштабной в истории закупке биткоина для крипторезерва страны. Об этом заявил Бо Хайнс, высокопоставленный чиновник Белого Дома, ответственный за цифровые активы.
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