Bitcoin Price Analysis: Why BTC/USD must defend $9,200 bullish zone?

Bitcoin price revives the uptrend after testing $9,100 support on Tuesday.
Bitcoin must regain the position above $9,200 and push for gains above the 50 SMA in the 4-hour range to remain bullish.

John Isige FXStreet

Spot rate: $9,190

Relative change: 36

Percentage change: 0.4%

Trend: Bearish bias

Volatility: High

BTC/USD daily chart

Bitcoin price reacts to a double-top pattern following the resistance at $9,600.

The main trendline support is still intact, although Bitcoin tested $9,100 (buyer congestion zone) on Tuesday.

BTC/USD 4-hour chart

Bitcoin price sustains the uptrend from December 2019 despite the up and down movements.

Sideways trading likely to take center stage in the European session as observed with the leveling RSI.

BTC/USD 1-hour chart

Bitcoin meets overwhelming support between $9,100 and $9,200 (buyer congestion zone). It is this support that could place BTC back in the trajectory towards $9,600.

If the short term triangle resistance is broken and supported by enough volume, growth to the upside could be imminent in the coming sessions.

BTC/USD

Overview
Today last price	9198.63
Today Daily Change	36.37
Today Daily Change %	0.40
Today daily open	9162.26

Trends
Daily SMA20	8925.47
Daily SMA50	8094.85
Daily SMA100	8086.55
Daily SMA200	8887.38

Levels
Previous Daily High	9305.61
Previous Daily Low	9078.29
Previous Weekly High	9568.13
Previous Weekly Low	8279.73
Previous Monthly High	9568.13
Previous Monthly Low	6856.63
Daily Fibonacci 38.2%	9165.13
Daily Fibonacci 61.8%	9218.77
Daily Pivot Point S1	9058.5
Daily Pivot Point S2	8954.74
Daily Pivot Point S3	8831.19
Daily Pivot Point R1	9285.81
Daily Pivot Point R2	9409.37
Daily Pivot Point R3	9513.13

Author

John Isige

FXStreet

John Isige is a seasoned cryptocurrency journalist and markets analyst committed to delivering high-quality, actionable insights tailored to traders, investors, and crypto enthusiasts. He enjoys deep dives into emerging Web3 tren

Markets move fast. We move first.

Orange Juice Newsletter brings you expert driven insights - not headlines. Every day on your inbox.

Editor's Picks

BNB Price Forecast: BNB slips below $855 as bearish on-chain signals and momentum indicators turn negative

BNB, formerly known as Binance Coin, continues to trade down around $855 at the time of writing on Tuesday, after a slight decline the previous day. Bearish sentiment further strengthens as BNB’s on-chain and derivatives data show rising retail activity.

Top Crypto Losers: Aster, Midnight, and Ethena extend losses as selling pressure mounts

Aster, Midnight, and Ethena are the altcoins with the most losses over the last 24 hours, as the broader cryptocurrency market weakens amid Bitcoin dropping below $86,000. ASTER, NIGHT, and ENA risk further losses as selling pressure mounts and risk-off sentiment spreads across the crypto market.

Ethereum Price Forecast: BitMine acquires 102,259 ETH as price plunges 5%

Ethereum (ETH) treasury company BitMine Immersion scaled up its digital asset stash last week after acquiring 102,259 ETH since its last update. The purchase has increased the company's holdings to 3.96 million ETH, worth about $11.82 billion at the time of publication.

Strategy scoops about $1 billion in Bitcoin for second consecutive week

Bitcoin Price Analysis: Why BTC/USD must defend $9,200 bullish zone?