• BTC/USD has been under bearish pressure in recent 24 hours. 
  • The price recovery is capped by $5,300 
  • Strong support lies with $5,100. 

Bitcoin (BTC) managed to recover from the Sunday’s low $5,214 however, the upside potential is slow. The recovery of the first digital coin is still limited by $5,300 handle, as the weekend attempts to settle above this handle bore no results.  

At the time of writing, BTC/USD is changing hands at $5,270, down 1.14% in recent 24 hours and unchanged since the beginning of Monday. Bitcoin market dominance is registered at 52.77%, mostly in line with the recent figures. 

Looking technically, BTC/USD is supported by psychological $5,200 underpinned by SMA200 (1-hour) and SMA50 (4-hour). This area is likely to stop the sell-of, however, once it is cleared, the downside movement will gain momentum with the next focus on $5,100. The lower boundary of the recent upside channel located marginally above this level creates a strong support and a good jumping-off ground for BTC. 

On the upside, the immediate recovery is limited by $,5,280-5,300. This resistance area is created by a confluence of SMA100 (1-hour), DMA5, and the middle line of 4-hour Bollinger Band. A sustainable move higher is needed to create an environment for further growth. The next target is $5,360 (the highest level of the previous week, strengthened by double high of April 3 and April 8. Once it is cleared, the upside momentum will gain traction with the next aim at $5,500. 

BTC/USD, 1H chart


Note: All information on this page is subject to change. The use of this website constitutes acceptance of our user agreement. Please read our privacy policy and legal disclaimer. Opinions expressed at FXstreet.com are those of the individual authors and do not necessarily represent the opinion of FXstreet.com or its management. Risk Disclosure: Trading foreign exchange on margin carries a high level of risk, and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to invest in foreign exchange you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading, and seek advice from an independent financial advisor if you have any doubts.

Recommended content


Recommended Content

Editors’ Picks

Raydium soars 18% as Upbit lists RAY/KRW and RAY/USDT trading pairs

Raydium soars 18% as Upbit lists RAY/KRW and RAY/USDT trading pairs

Raydium (RAY) price rallies more than 18% on Thursday after rebounding from its key support the previous day. The main reason for RAY’s rally is that Upbit, South Korea’s largest cryptocurrency exchange, announced the listing of RAY trading pairs.

Ethereum Price Forecast: ETH stays muted as uncertainty from Middle East crisis weighs on market sentiment

Ethereum Price Forecast: ETH stays muted as uncertainty from Middle East crisis weighs on market sentiment

Ethereum (ETH) held steady around $2,500 in the early Asian session on Thursday following mixed activity across its on-chain data. Ethereum is experiencing calmness in its on-chain metrics following an extended period of price consolidation that has spanned the past six days after dropping from above $2,700.

Top 3 Crypto Gainers: RAY, AERO, SPX shrug off market volatility, record double-digit growth 

Top 3 Crypto Gainers: RAY, AERO, SPX shrug off market volatility, record double-digit growth 

Decentralized Finance (DeFi) tokens such as Raydium (RAY), Aerodrome Finance (AERO), and SPX6900 (SPX) outperformed the broader cryptocurrency market over the last 24 hours, following the Federal Reserve's decision to keep the policy rates unchanged at 4.25%-4.5% in the June policy meeting.

Bitcoin, Ethereum, XRP hold steady as Federal Reserve leave rates unchanged

Bitcoin, Ethereum, XRP hold steady as Federal Reserve leave rates unchanged

Bitcoin (BTC) and altcoins, including Ethereum (ETH), XRP, and Solana (SOL), saw slight movements on Wednesday as the crypto market stayed resilient following the Federal Reserve's (Fed) decision to leave rates unchanged at 4.25%-4.50%.

Bitcoin: BTC could slump to $100K amid Trump-Musk tussle

Bitcoin: BTC could slump to $100K amid Trump-Musk tussle

Bitcoin (BTC) tumbled to a low of $101,095 on Friday amid volatility in the market. The effect of the tussle between United States (US) President Donald Trump and Tesla Chief Elon Musk negatively influenced the NASDAQ and Tesla's stock price on Thursday, although both are recovering on Friday.

The Best brokers to trade EUR/USD

The Best brokers to trade EUR/USD

SPONSORED Discover the top brokers for trading EUR/USD in 2025. Our list features brokers with competitive spreads, fast execution, and powerful platforms. Whether you're a beginner or an expert, find the right partner to navigate the dynamic Forex market.

BTC

ETH

XRP