BTC/USD Medium-term Trend: Bullish
Resistance Levels: $6,400, $6,600, $6,600
Support levels: $6,300, $6,100, $5,700
Yesterday, September 20, the price of Bitcoin was in a sideways trend. The price of Bitcoin was fluctuating below and above the $6,300 price level. Today, after its range bound the bulls have taken price to the high of $ 6,557.87. Again, the bulls are encountering another resistance at the $6,400 price level. If the bulls fail to break the $6,400 price level, traders can initiate a short trade at the upper level of price range. Then a stop loss should be placed above the $6,600 price level. As the digital currency approaches the lower level of price range; your short trade can be exited. If the bullish trend begins then you will initiate a long trade and go about the whole process again. This will enable us to earn partial profits as the price ranges.
Meanwhile, the MACD line and the signal line are above the zero line which indicates a buy signal. The price of Bitcoin is above the 12-day EMA and the 26-day EMA which indicates that price is in a bullish trend. The Relative Strength Index period 14 is level 61 which indicates that price is in the bullish trend zone.
BTC/USD Short-term Trend: Bullish
On the 1-hour chart, the BTC price is in a bullish trend. The cryptocurrency after reaching the high of $ 6,534.60, the price retraced and went into a range bound movement. The price of Bitcoin is above the 12-day EMA and the 26-day EMA which indicates that price is rising. The MACD line and the signal line are above the zero line which indicates a buy signal.
The views and opinions expressed here do not reflect that of BitcoinExchangeGuide.com and do not constitute financial advice. Always do your own research.
Bitcoin price prediction witnessed a sharp price drop following bearish expectations in the U.S. equities market.
The drop below the mid-range support could spur a deeper BTC correction to $92kThe post Bitcoin price prediction bearish ahead of Fed meeting - BTC dives 6% appeared first on AMBCrypto.
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Bitcoin (BTC), the flagship crypto asset, presently trades above $104,000 following a significant 10. 98% price rally in the last week. Despite recent sideways movements after a rejection in the $105,700 zone, certain trading indicators signal this uptrend is likely to continue leading to new price discovery.
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The Bitcoin price has struggled to reclaim previous price highs above $100,000, with bearish sentiment dominating the market. Currently, the Bitcoin price is retesting the support line of an Ascending Channel after crashing below $95,000.
The US Federal Reserve’s public consideration of reduced interest rate cuts in 2025 resulted in numerous negative effects on financial markets. Aside from a 17% price loss for Bitcoin, data from Binance exchange shows the BTC market has now developed its largest spot-perpetual price gap.
This week was one of two distinct halves for the price of Bitcoin, with the premier cryptocurrency rising to a new all-time high and dropping by about 13% a few days later. On Friday, December 20, the BTC price dropped to as low as $92,000.
The price of Bitcoin fell to around $92,000, Friday afternoon, December 20 after the US Federal Reserve’s rate cut triggered a sharp selloff in the crypto market. However, the premier cryptocurrency seems to be recovering nicely, having returned above the $97,000 level on the same day.
After crossing an all-time high, the bitcoin price continues to capture the market by consistently proving and solidifying its role as the leading cryptocurrency. However, with its recent price slowdown, top emerging altcoins like PropiChain are brazing up for the market.
Bitcoin‘s scarcity is growing remarkably in the market as small and large-scale investors continue to accumulate a substantial portion of the available coins, which could bolster BTC’s value in light of recent upside price momentum, signaling a potential extension of the uptrend.
The crypto market shed 6. 48% (roughly $240 billion) yesterday as Bitcoin’s fall from $101,000 to a daily low of $93,000 sparked $750 million in liquidations. Major cryptos have begun to recover, with some alts already logging double-digit price increases.
So far, the Bitcoin market continues to demonstrate resilience as it maintains its price above the $90,000 price market despite various factors influencing its price movements. Amid this, a CryptoQuant analyst, aytekin466, recently shared insights into whether the cryptocurrency could face another significant price correction.
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Bitcoin has been navigating a whirlwind of volatility recently, with its price repeatedly breaking and losing the highly anticipated $100,000 level—not once, but twice. This rollercoaster movement has captivated investors, making Bitcoin’s price action more intriguing than ever.
Bitcoin price has performed well this week, crossing the important milestone of $100,000 and peaking at $104,000. Bitcoin (BTC) surge occured as data indicated continued investor appetite for the digital currency, even at a six-digit price. Notably, data from SoSoValue…
The Bitcoin price has continually tested resistance levels above $95,000 in its pursuit to reach and surpass the anticipated $100,000 all-time high. Following its surge to $98,000, a crypto analyst has asserted that the BTC price has officially entered the parabolic phase of this four-year market cycle.
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Bitcoin Cash price rallied alongside Bitcoin (BTC) in recent weeks, rising from lows of $321 earlier this month to hit $488 across exchanges. The level is the highest for BCH price since early June, when the altcoin fell below $500.
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The Bitcoin price has posted five consecutive red daily candles since it stopped just short of its all-time high at $73,620 last Tuesday. As a result, the BTC price has fallen by around 7%. This decline is evident on the weekly chart, which shows a major bearish weekly candle – a gravestone doji.
Bitcoin price is correcting gains from the $73,500 zone. BTC is back below the $70,000 level and showing a few bearish signs. Bitcoin started a fresh decline from the $73,500 zone. The price is trading below $71,500 and the 100 hourly Simple moving average.
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The Bitcoin price is slowly breaching the $70,000 mark, showcasing steady upward momentum despite downward pressure from the bearish performance of the US equities market. Taking note of Bitcoin’s recent price movements, a crypto analyst has suggested that the pioneer cryptocurrency could be gearing up for a strong bull wave that could drive its price by over 70%, pushing it past the $100,000 milestone.
Crypto experts have been watching Kaspa and Bitcoin due to their recent price actions. Moreover, Bitcoin still leads the pack in the crypto world, and when its price moves up or down, other cryptocurrencies often follow along, it’s just how the market works.
Last week, Bitcoin’s price surged from $62,800 to $69,000, marking an 11% increase and bringing it within 6% of its all-time high of $73,600. This price movement closely mirrors trends seen in previous Q4 periods of 2012, 2016, and 2024, suggesting a potential seasonal effect driving the recent rally. Six […]
After several weeks of sustained upward momentum, Bitcoin is currently holding above $66,000. The price has recently encountered resistance at the crucial $69,000 level, which is expected to take time and significant liquidity to overcome.
The short and medium-term outlook is in the downtrend. Traders may consider selling at key areas after bearish candlesticks formation. BSV/USD Medium-term Trend: Bearish Supply zones: $90, $100, $120 Demand zones: $50, $40, $30 BSVUSD is in a bearish trend in its medium-term outlook.
On the downside, if the bearish trend continues, the price will depreciate to the low at $110. On the upside, if the bulls break above the EMAs and the price is sustained above it, the crypto’s price will rise.
On the upside, if the bulls break above the EMAs, the crypto’s price will resume its bullish trend. On the downside, if the bulls fail to break the EMAs, the crypto’s price will continue its range bound movement.
On the downside, if price continues its fall, the crypto’s price will find support at $60 price level. On the other hand, if the bulls break above the EMAs, the crypto’s price will rise to retest the $84 resistance level.
On the upside, if the bulls break above the EMAs, the crypto’s price will rise to retest the $5,200 price level. On the downside, if price continues its fall, the crypto will fall to a low at $4,800 price level.
Latest Bitcoin (BTC) News If anything, we can attribute all this attention Bitcoin is receiving–as far as price is concerned–to late 2017 parabolic rise. Well, while it was a good thing in that it brought a lot of attention to Bitcoin and blockchain as a trustless technology, it did leave investors with a lot of […]
The bears are in control of the short-term while the medium-term ranges. Traders may consider selling around key areas. BCH/USD Medium-term Trend: Ranging Supply zones: $400, $500, $600 Demand zones: $100, $50, $30 BCHUSD outlook in the medium-term continues in a range-bound market.
