BitBay vs Bitcoin rejected strong resistance

Viktor Karapetjanc Crypto Post

Since 24th of April BitBay has been steadily declining and established a clear downtrend, while producing lower lows and lower highs. Although on the 29th of June, BAY/BTC has rejected the 127.2% Fibonacci retracement level and price corrected up.

It went up from 325 satoshis support up to 500 satoshis, where it faced a strong resistance. The resistance is confirmed by two Fibonacci retracement levels as well as two Gann Fan trendlines. This makes it an extremely strong obstacle for BitBay, that currently prevents it from going upwards.

While the resistance is holding price is likely to continue moving lower, towards either 127.2% Fibs at 325 satoshis, or towards 161.8% Fibs at 160 satoshis.

At the same time BitBay might break above the resistance level, which should be the signal of a potential trend reversal. Daily break and close above 525 satoshis, can start inviting more buyers, that pushing price much higher.

Author

Viktor Karapetjanc

Crypto Post

Viktor is a Chief Editor, veteran currency trader. He started his trading career in 2001 when he began to study Forex and Binary options trading techniques. Not long after he became a trading systems engineer and algorithmic trading guru.

Aster Price Forecast: Demand sparks on Binance Wallet partnership for on-chain perpetuals

Aster is up roughly 9% so far on Thursday, hinting at the breakout of a crucial resistance level. Aster partners up with Binance wallet for the second season of the on-chain perpetuals challenge.

Crypto Today: Ethereum, XRP hold baseline support as Bitcoin struggles to find upside strength

Bitcoin hovers around $67,000, weighed down by risk-off sentiment as reflected by ETF outflows. Ethereum steadies toward the $2,000 psychological threshold despite fading institutional support.

Bitcoin Price Forecast: BTC stalls near $67,300 resistance as downside risks linger

Bitcoin (BTC) price is steadying at $67,000 on Thursday and faces resistance near the previously broken lower consolidation boundary at $67,300, signaling potential downside risk ahead.

LayerZero Price Forecast: ZRO steadies as markets digest Zero blockchain announcement

LayerZero (ZRO) trades above $2.00 at press time on Thursday, holding steady after a 17% rebound the previous day, which aligned with the public announcement of the Zero blockchain and Cathie Wood joining the advisory board.

Bitcoin Price Annual Forecast: BTC holds long-term bullish structure heading into 2026

Bitcoin (BTC) is wrapping up 2025 as one of its most eventful years, defined by unprecedented institutional participation, major regulatory developments, and extreme price volatility.

Bitcoin: The worst may be behind us

Bitcoin (BTC) price recovers slightly, trading at $65,000 at the time of writing on Friday, after reaching a low of $60,000 during the early Asian trading session. The Crypto King remained under pressure so far this week, posting three consecutive weeks of losses exceeding 30%.