• BTC/USD takes the bids near the all-time high marked during previous month.
  • Bullish MACD contradicts overbought RSI inside ascending trend channel.

Bitcoin bulls are hammering the record top marked in February while taking the bids near $58,000 during early Friday. The crypto major gains support from upbeat MACD inside a bullish chart pattern to cross the previous all-time high of $58,355.

However, overbought RSI conditions seem to challenge the BTC/USD bulls afterward, which if ignored could escalate the rally towards the upper line of an ascending trend channel from early January, currently around $65,000.

It should be noted that the stated run-up may catch a breather near the $60,000 threshold.

On the contrary, the early month top near $52,650 can test short-term pullback of the BTC/USD ahead of the channel’s support, at $47,790 now.

In a case where the cryptocurrency pair defy the bullish chart pattern with a daily closing below $47,790, its drop below the latest swing low of $43,065 can’t be ruled out.

To sum up, Bitcoin bulls are in the driver’s seat during the journey to a fresh record top.

BTC/USD daily chart

Trend: Bullish

Additional important levels

Overview
Today last price 57935.72
Today Daily Change 2060.58
Today Daily Change % 3.69%
Today daily open 55875.14
 
Trends
Daily SMA20 50785.67
Daily SMA50 44000.55
Daily SMA100 35650
Daily SMA200 24286.37
 
Levels
Previous Daily High 57396.76
Previous Daily Low 53032.7
Previous Weekly High 52646.22
Previous Weekly Low 43065.14
Previous Monthly High 58355.76
Previous Monthly Low 32336.85
Daily Fibonacci 38.2% 55729.69
Daily Fibonacci 61.8% 54699.77
Daily Pivot Point S1 53472.98
Daily Pivot Point S2 51070.81
Daily Pivot Point S3 49108.91
Daily Pivot Point R1 57837.04
Daily Pivot Point R2 59798.93
Daily Pivot Point R3 62201.1

 

 


Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers. The author will not be held responsible for information that is found at the end of links posted on this page.

If not otherwise explicitly mentioned in the body of the article, at the time of writing, the author has no position in any stock mentioned in this article and no business relationship with any company mentioned. The author has not received compensation for writing this article, other than from FXStreet.

FXStreet and the author do not provide personalized recommendations. The author makes no representations as to the accuracy, completeness, or suitability of this information. FXStreet and the author will not be liable for any errors, omissions or any losses, injuries or damages arising from this information and its display or use. Errors and omissions excepted.

The author and FXStreet are not registered investment advisors and nothing in this article is intended to be investment advice.

Recommended content


Recommended Content

Editors’ Picks

Bitcoin, Ethereum and XRP defend key support on sixth day of Israel-Iran war, what to expect

Bitcoin, Ethereum and XRP defend key support on sixth day of Israel-Iran war, what to expect

Bitcoin (BTC), Ethereum (ETH), and XRP are holding steady above key support levels. The top three cryptocurrencies have weathered the geopolitical tension and macroeconomic events of the past week. 

Top Meme Coins Price Prediction: Dogecoin, Shiba Inu, Pepe set to extend losses

Top Meme Coins Price Prediction: Dogecoin, Shiba Inu, Pepe set to extend losses

Top meme coins extend recent losses on Wednesday, with the segment’s market capitalization standing at $54.41 billion, a decline of over 20% in the past month. Dogecoin (DOGE) and Shiba Inu (SHIB) are down 3% so far this week.

Crypto Today: Bitcoin, Ethereum, XRP weather geopolitical tensions, risk-off sentiment ahead of Fed rate decision 

Crypto Today: Bitcoin, Ethereum, XRP weather geopolitical tensions, risk-off sentiment ahead of Fed rate decision 

The cryptocurrency market is broadly consolidating amid ongoing geopolitical tensions in the Middle East. Bitcoin (BTC) mirrors the lethargic sentiment, trading at around $104,572 at the time of writing on Wednesday.

Stellar and ApeCoin Price Prediction: XLM and APE at risk of further losses as technical weakness grows

Stellar and ApeCoin Price Prediction: XLM and APE at risk of further losses as technical weakness grows

Stellar price closes below its critical support at $0.2537, hinting at a correction ahead. ApeCoin touches the lower boundary of an ascending triangle formation, a breakdown would signal a downtrend.

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