Bitcoin Price Analysis: BTC/USD bulls retain control, as price continues resurgence

BTC/USD bulls retained control in the early hours of Saturday.
The Elliott Oscillator has had four straight red sessions.

Rajarshi Mitra Independent Analyst

BTC/USD daily chart

BTC/USD bulls retained control in the early hours of Saturday as the price went up from $9,154.57 to $9,166.70. The price is currently consolidating above the $9,150 psychological level and the SMA 20 curve. The Elliott oscillator has had four straight red sessions, showing that the current market sentiment is still bearish despite the bullish price action. The RSI is trending around the neutral zone.

Support and Resistance

BTC/USD faces strong resistance levels at $9,207.15 (SMA 20), $9,243, $9,392.60 (SMA 50) and $9,431.65. On the downside, healthy support levels lie at $9,135.50 and $9,018.50.

Key levels

BTC/USD

Overview
Today last price	9160.13
Today Daily Change	5.55
Today Daily Change %	0.06
Today daily open	9154.58

Trends
Daily SMA20	9205.82
Daily SMA50	9392.75
Daily SMA100	8889.83
Daily SMA200	8519.77

Levels
Previous Daily High	9182.67
Previous Daily Low	9071.36
Previous Weekly High	9345.73
Previous Weekly Low	9020.75
Previous Monthly High	10404.88
Previous Monthly Low	8823.34
Daily Fibonacci 38.2%	9140.15
Daily Fibonacci 61.8%	9113.88
Daily Pivot Point S1	9089.74
Daily Pivot Point S2	9024.9
Daily Pivot Point S3	8978.43
Daily Pivot Point R1	9201.05
Daily Pivot Point R2	9247.52
Daily Pivot Point R3	9312.36

Author

Rajarshi Mitra

Independent Analyst

Rajarshi entered the blockchain space in 2016. He is a blockchain researcher who has worked for Blockgeeks and has done research work for several ICOs. He gets regularly invited to give talks on the blockchain technology and cryptocurrencies.

Solana Price Forecast: ETF inflows, bullish derivatives signal more upside

Solana steadies at $78 on Wednesday, up over 2% so far this week. Institutional demand shows positive signs with SOL spot Exchange Traded Funds recording a second consecutive day of inflow this week. In addition, strengthening derivatives metrics support further gains ahead.

Crypto Market Overview: Bitcoin holds firm as ONDO and GRAM lead rally

The broader cryptocurrency market is witnessing an easing of bearish momentum, with Bitcoin holding above $66,000. Altcoins including Ondo and Gram, formerly known as Toncoin, are leading gains over the last 24 hours, driven by new features. Bitcoin holds above $66,000 on Wednesday, following a 2% surge the previous day.

Top 3 Price Prediction: BTC extends gains, ETH and XRP target breakout moves

Bitcoin, Ethereum and Ripple remain on the front foot as the broader crypto market extends its gains so far this week. BTC leads gains after closing above key resistance while ETH and XRP near key technical hurdles where a breakout could pave the way for additional gains.

White House backs ethics deal as CLARITY Act faces August deadline

The White House has agreed to a comprehensive ethics provision for the Digital Asset Market Clarity Act, potentially clearing a major obstacle to the crypto regulation bill as lawmakers aim to advance it before the August recess. The agreement follows weeks of negotiations over rules aimed at preventing government officials from having conflicts of interest in the crypto industry.

Bitcoin’s potential recovery in the second half hinges on these 4 catalysts

Bitcoin (BTC) has fallen over 34% in the first half of this year as the King Crypto failed to capitalize on a good semester for risk assets despite the woes from the Iran war.

Bitcoin Price Analysis: BTC/USD bulls retain control, as price continues resurgence