Bitcoin price analysis: BTC/USD price moving steadily higher within a channel north, but some road blocks ahead

BTC/USD making steady gains and moving within an ascending channel higher.
Chunky resistance blocks seen at; $9,350, $9,500 and $9,700-800 region.

Ken Chigbo Independent Analyst

The Bitcoin price is seen holding gains of 2% on Wednesday, extending on its pursuit to recovery, after the heavy selling pressure seen in the past two weeks. Bitcoin managed to reclaim the $9,000 zone, it will be key to see if it can close a daily candlestick above.

Momentum for the time being is back with the bulls, which isn’t out of the normal, given how much weight was seen to the downside recently. The bears for now have run out of steam in driving Bitcoin lower, but there is still potential for the trend south to continue over the longer term.

BTC/USD is currently moving higher within an ascending channel, which came after the decent rally it made thorough $8,500 up to reclaim $9,000. This move does look steady, however there are some chunky barrier ahead, seen at; $9,350, $9,500 and $9,700-800. Support now seen at the underlying trend line of the ascending channel pattern.

BTC/USD 30-minute chart

Author

Ken Chigbo

Independent Analyst

Ken has over 8 years exposure to the financial markets. He started his career as an analyst, covering a variety of asset classes; forex, fixed income, commodities and equities.

Hyperliquid Price Forecast: HYPE rises on commodities demand amid US-Iran war

Hyperliquid (HYPE) steadies above $33 at press time on Tuesday, marking its fourth consecutive day of recovery in a broadly volatile market due to the ongoing US-Israel strikes on Iran.

Stellar Price Forecast: XLM risks deeper losses as derivatives metrics turn negative

Stellar is trading red below $0.16 at the time of writing, after a slight recovery the previous day. Weakening derivatives data caps the recovery, while an unfavorable technical outlook projects a deeper correction for the XLM token in the upcoming days.

Aave Price Forecast: AAVE tests channel resistance as ParaFi Capital deposit, bearish derivatives data caps upside

Aave (AAVE) trades around $120 on Tuesday, testing the channel resistance, signaling that sellers remain active in the zone. Lookonchain data shows that ParaFi Capital transferred 42,000 AAVE tokens to Coinbase Prime over the past 10 hours, often interpreted as a potential selling signal.

CME Group's futures suite now covers over 75% of total crypto market cap

CME Group announced that its crypto futures offering now covers over 75% of the total digital asset market cap, following the launch of its Cardano (ADA), Chainlink (LINK) and Stellar (XLM) products.

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.