|

Bitcoin price analysis: BTC/USD capped by $6,400, volatility is dying out

  • BTC/USD blocked by short-term technical indicators, $6.360 is the key.
  • Bitcoin market is now less volatile than shares of some large corporations.

BTC/USD is trading at $6,395, practically unmovable since this time on Thursday. The intraday technical picture implies that more rangebound trading is in store as both Relative Strength Index (RSI) and Momentum indicator are flat.  

While the closest resistance is created by $6,400 handle, enhanced with SMA50 4-hour, SMA100 and SMA200, 1-hour, the bulls have to push the price above the upper border of the short-term channel $6,460 strengthened by DMA50 and SMA200, 4-hour.

On the downside, $6,370-$6,350 congestion zone may stop the decline. SMA100, 4-hour and the lower border of the channel are located within the area mentioned above.

Cryptocurrency market stability is turning into a permanent state, as the trading has become less emotional and more professional.

“The current Bitcoin market is relatively stable. The cost of the emotional traders has been washed away by the recent crash, and with it a lot of the volatility," says Danial Daychopan, a chief executive officer of Plutus.

Bitcoin was considered the most volatile asset a year ago. It is no more. Currently, Bitcoin is less volatile than Amazon.com, Netflix, and Nvidia Corp, according to the latest Cboe Global Markets data on the 20-day historical volatility.

BTC/USD, 4-hour chart

Author

Tanya Abrosimova

Tanya Abrosimova

Independent Analyst

 

More from Tanya Abrosimova
Share:

Editor's Picks

Trump urges Senate to pass CLARITY Act as crypto bill nears crucial vote

US President Donald Trump on Monday urged the US Senate to swiftly pass the Digital Asset Market Clarity Act, following the death of Senator Lindsey Graham, who passed away unexpectedly over the weekend at age 71. "In honor of Senator Lindsey Graham, a big supporter, the US Senate should pass the CLARITY Act," Trump wrote in a Truth Social post.

Ripple and Stellar outlook: XRP and XLM face deeper correction risks

Ripple and Stellar remain under pressure, extending their correction amid broader risk-off conditions following US-Iran tensions. XRP slips below $1.070, while XLM hovers near the critical support at $0.177; both altcoins suggest deeper correction amid geopolitical risks and a deteriorating technical outlook.

Crypto Market Overview: Bitcoin holds at $62,000 – Pi Network, Worldcoin lead losses

The broader cryptocurrency market risk-off sentiment builds as US President Donald Trump formally declares war with Iran to the US Congress. Bitcoin holds at $62,000 while Pi Network (PI) and Worldcoin (WLD) are leading losses over the last 24 hours.

Bitcoin holds near $62K ahead of key macroeconomic reports
Bitcoin traded near $62,000 on Monday, holding onto recent gains as investors adopted little conviction ahead of key macroeconomic reports this week. In a report on Monday, QCP analysts highlighted that Tuesday's US Consumer Price Index (CPI) data could be the first major catalyst to decide the market's direction.
Bitcoin: Strategy sells, the market doesn’t care
Bitcoin (BTC) reclaims $64,000 on Friday, extending a modest recovery while holding firmly above the key technical support zone so far this week. Mixed spot Exchange Traded Funds (ETFs) flows through Thursday reflect cautious institutional positioning. Meanwhile, traders have digested headlines about Strategy’s recent Bitcoin sale, highlighting the Crypto King’s resilience and deep liquidity.