Bitcoin price analysis: BTC/USD manages to stay above the trendline, resistances are still afar

Bitcoin respects the support and moves up.
Not enough immediate resistance for now.

Manoj B Rawal Independent Analyst

The king of cryptocurrencies has been consolidating in a narrow range for $7,000 - $8,000 for quite some time and now seems to be gathering steam to move up, inch by inch by taking multiple supports from lower levels.

BTC/USD is up about half a percent at $7,650, not far from day's high of $7,678. On the 120-minute chart, BTC has been taking support in the form of ascending trendline that has been respected quite a few times in the recent past.

On the daily chart, 21 days simple moving average too is just below where the current price is, which is $7,625, another short term support for bulls to cling on to. Short term resistance are, though minor ones, placed around $7,700 and $7,775.

BTC/USD 120-minute chart:

Author

Manoj B Rawal

Independent Analyst

Manoj B Rawal, financial markets professional with about 11 years of experience in writing, editing and advising on stocks, currencies and fixed income.

Top 3 Price Prediction: Bitcoin, Ethereum, Ripple at risk as US-Iran war extends

Bitcoin, Ethereum, and Ripple trade cautiously at press time on Friday, close to key support levels after a roughly 2% pullback the previous day. Bitcoin holds above $71,000, Ethereum at $2,000, and XRP continues to consolidate in a sideways range.

Top Crypto Gainers: Lombard, Humanity Protocol, OKB rally on US Fed’s tokenized securities clarity, NYSE investment

Lombard, Humanity Protocol, and OKB rally over the last 24 hours, securing the top-gainer spots in the early Asian session. The US Federal Reserve issued clarity on tokenized securities, which expands its utility and reduces regulatory friction with US banks, driving the Real-World Assets tokenization crypto projects.

Ethereum Price Forecast: ETFs pull in $169M as validators pile in to stake ETH

US spot Ethereum exchange-traded funds (ETFs) recorded $169 million in net inflows on Wednesday, marking the largest daily intake in two months, according to SoSoValue data. The rise in inflows signals renewed institutional interest in Ethereum amid broader market volatility.

NYSE parent Intercontinental Exchange partners with OKX, invests at a $25B valuation

OKX announced an investment from Intercontinental Exchange (ICE), raising its valuation to $25 billion, alongside a partnership to expand regulated crypto futures and tokenized equity offerings globally.

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: Another month of losses, and it’s been five

Bitcoin (BTC) price is stabilizing around $68,000 at the time of writing on Friday, but the Crypto King is poised to close February on a fragile footing, marking its fifth consecutive month of losses since October and a rare start to the year with back-to-back monthly corrections.