Bitcoin overview: the range is getting too claustrophobic

Tanya Abrosimova Independent Analyst

BTC/USD is moving within a narrowing range
The intraday RSI implies more sell-off is coming

Bitcoin (BTC) has been confined to a narrow range lately as the cryptocurrency market volatility receded amid low trading activity. The first digital coin is changing hands at $3,856 at the time of writing. The price has barely moved within recent 24 hours, sandwiched between strong resistance and support levels.

Bitcoin’s intraday technical picture

On the intraday level, BTC/USD is moving within a tight range limited by $3,880 on the upside and $3,840 on the downside. The price attempted to break the lower boundary on Wednesday, but the sell-off proved to be short-lived.

A cluster of SMA100 and SMA200 (1-hour) around $3,860 creates a local resistance that separates us from the upper boundary of the above-said range, which is in turn followed by $3,900. A sustainable move higher will open up the way to $4,000-$4,200 area, though it looks unlikely as the intraday RSI has reversed downward.

On the downside, the first local support is created by SMA50 (1-hour) at $3,850. Once it is out of the way, the sell-off may continue towards $3,840 and $3,800 with this week low at $3,796.

BTC/USD, 1-hour chart

Author

Tanya Abrosimova

Independent Analyst

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%.