Monday, June 23, 2025
No Result
View All Result
DOLLAR BITCOIN
Shop
  • Home
  • Blockchain
  • Bitcoin
  • Cryptocurrency
  • Altcoin
  • Ethereum
  • Market & Analysis
  • DeFi
  • More
    • Dogecoin
    • NFTs
    • XRP
    • Regulations
  • Shop
    • Bitcoin Book
    • Bitcoin Coin
    • Bitcoin Hat
    • Bitcoin Merch
    • Bitcoin Miner
    • Bitcoin Miner Machine
    • Bitcoin Shirt
    • Bitcoin Standard
    • Bitcoin Wallet
DOLLAR BITCOIN
No Result
View All Result
Home Market & Analysis

Consolidation or Calm Before the Next Move?

n70products by n70products
January 25, 2025
in Market & Analysis
0
Consolidation or Calm Before the Next Move?
0
SHARES
0
VIEWS
Share on FacebookShare on Twitter



Este artículo también está disponible en español.

Bitcoin value settled above the $100,500 resistance zone. BTC is consolidating positive factors and would possibly goal for a contemporary enhance above the $105,000 zone.

  • Bitcoin began a draw back correction from the $106,800 zone.
  • The value is buying and selling under $104,000 and the 100 hourly Easy shifting common.
  • There’s a connecting bullish development line forming with help at $102,000 on the hourly chart of the BTC/USD pair (information feed from Kraken).
  • The pair may begin one other enhance if it stays above the $102,000 help zone.

Bitcoin Value Eyes Contemporary Enhance

Bitcoin value began a decent upward move above the $104,500 zone. BTC was in a position to climb above the $105,500 and $106,000 ranges.

The bulls even pushed the value above the $106,500 stage. Nevertheless, the bears have been energetic close to the $106,800 zone. A excessive was fashioned at $106,833 and the value is now correcting positive factors. There was a transfer under the $105,000 stage.

There was a transfer under the 50% Fib retracement stage of the upward transfer from the $101,281 swing low to the $106,833 excessive. Bitcoin value is now buying and selling under $104,000 and the 100 hourly Simple moving average. There may be additionally a connecting bullish development line forming with help at $102,000 on the hourly chart of the BTC/USD pair.

On the upside, speedy resistance is close to the $104,000 stage. The primary key resistance is close to the $105,500 stage. A transparent transfer above the $105,500 resistance would possibly ship the value greater. The subsequent key resistance might be $106,800.

Bitcoin Price
Supply: BTCUSD on TradingView.com

A detailed above the $106,800 resistance would possibly ship the value additional greater. Within the acknowledged case, the value may rise and take a look at the $108,200 resistance stage and a brand new all-time excessive. Any extra positive factors would possibly ship the value towards the $110,000 stage.

Extra Losses In BTC?

If Bitcoin fails to rise above the $104,500 resistance zone, it may begin a draw back correction. Rapid help on the draw back is close to the $102,500 stage or the 76.4% Fib retracement stage of the upward transfer from the $101,281 swing low to the $106,833 excessive. The primary main help is close to the $101,250 stage.

The subsequent help is now close to the $100,500 zone. Any extra losses would possibly ship the value towards the $88,500 help within the close to time period.

Technical indicators:

Hourly MACD – The MACD is now gaining tempo within the bearish zone.

Hourly RSI (Relative Power Index) – The RSI for BTC/USD is now under the 50 stage.

Main Assist Ranges – $102,500, adopted by $101,250.

Main Resistance Ranges – $104,500 and $105,500.



Source link

Tags: CalmConsolidationMove
Previous Post

Ethereum Holders Ramp Up Accumulation As ETH Price Fluctuates, Is A Rebound Possible?

Next Post

Capital One Sued by US Government, Accused of Cheating Millions of Customers out of $2,000,000,000 in Interest

Next Post
Capital One Sued by US Government, Accused of Cheating Millions of Customers out of $2,000,000,000 in Interest

Capital One Sued by US Government, Accused of Cheating Millions of Customers out of $2,000,000,000 in Interest

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Premium Content

Mid-Cap Layer-1 Altcoin Witnesses Surge in Whale Activity This Week: Crypto Analytics Firm Santiment

Mid-Cap Layer-1 Altcoin Witnesses Surge in Whale Activity This Week: Crypto Analytics Firm Santiment

February 16, 2025
FTX Estate To Begin Paying Major Creditors With $11,400,000,000 in Cash Reserves: Report

FTX Estate To Begin Paying Major Creditors With $11,400,000,000 in Cash Reserves: Report

April 2, 2025
Ethereum Price Eyes Bitcoin’s Lead: Can It Climb to a New Weekly High?

Ethereum Price Eyes Bitcoin’s Lead: Can It Climb to a New Weekly High?

September 27, 2024
XRP Price Rebound in Jeopardy: Recovery May Falter

XRP Price Rebound in Jeopardy: Recovery May Falter

August 3, 2024
Top Trader Says Solana Rival That’s Up 60% in a Week To Keep Ripping Hard, Updates Outlook on Bitcoin and Saga

Top Trader Says Solana Rival That’s Up 60% in a Week To Keep Ripping Hard, Updates Outlook on Bitcoin and Saga

September 20, 2024
Ripple Vs. SEC Lawsuit Update: New Information Suggests End To Regulator’s Appeal

Ripple Vs. SEC Lawsuit Update: New Information Suggests End To Regulator’s Appeal

March 2, 2025

Recent Posts

  • City in Washington Bans Crypto Kiosks After State Witnessed $141,756,936 in Losses to Scams
  • Dogecoin (DOGE) Eyes Upside After Crash, Yet Resistance Levels Cap Momentum
  • Ethereum Price To Resume Downtrend? Market Expert Identifies Bearish Chart Setup

Categories

  • Altcoin
  • Bitcoin
  • Blockchain
  • Blog
  • Cryptocurrency
  • DeFi
  • Dogecoin
  • Ethereum
  • Market & Analysis
  • NFTs
  • Regulations
  • XRP

Recommended

City in Washington Bans Crypto Kiosks After State Witnessed $141,756,936 in Losses to Scams

City in Washington Bans Crypto Kiosks After State Witnessed $141,756,936 in Losses to Scams

June 23, 2025
Dogecoin (DOGE) at Risk — Can Support Hold This Time?

Dogecoin (DOGE) Eyes Upside After Crash, Yet Resistance Levels Cap Momentum

June 23, 2025

© 2023 Dollar-Bitcoin | All Rights Reserved

No Result
View All Result
  • Home
  • Blockchain
  • Bitcoin
  • Cryptocurrency
  • Altcoin
  • Ethereum
  • Market & Analysis
  • DeFi
  • More
    • Dogecoin
    • NFTs
    • XRP
    • Regulations
  • Shop
    • Bitcoin Book
    • Bitcoin Coin
    • Bitcoin Hat
    • Bitcoin Merch
    • Bitcoin Miner
    • Bitcoin Miner Machine
    • Bitcoin Shirt
    • Bitcoin Standard
    • Bitcoin Wallet

© 2023 Dollar-Bitcoin | All Rights Reserved

Are you sure want to unlock this post?
Unlock left : 0
Are you sure want to cancel subscription?
Go to mobile version