Bitcoin Price Forecast: BTC/USD bulls manage a weak riposte after a sluggish Friday

BTC/USD bulls gave an underwhelming response after Thursday’s intensely bearish price action.
The Elliott Oscillator has had three straight green sessions.

Rajarshi Mitra Independent Analyst

BTC/USD daily chart

BTC/USD bulls came out on top after a sluggish Friday, wherein the price crawled up from $9,092.43 to $9,094. This followed a heavily bearish Thursday, wherein the price fell from the $9,250 mark. The Elliott Oscillator has had three straight green sessions, while the RSI is moving horizontally in the neutral zone.

Support and Resistance

BTC/USD faces strong resistance at $9,237, $9,293, $9,312.35 (SMA 20) and $9,424 (SMA 50). On the downside, healthy support lies at $9,000.45 and $8,904.20

Key levels

BTC/USD

Overview
Today last price	9094.16
Today Daily Change	1.92
Today Daily Change %	0.02
Today daily open	9092.24

Trends
Daily SMA20	9315.05
Daily SMA50	9422.55
Daily SMA100	8511.87
Daily SMA200	8367.42

Levels
Previous Daily High	9265.36
Previous Daily Low	8940.63
Previous Weekly High	9786.22
Previous Weekly Low	8988.56
Previous Monthly High	10404.88
Previous Monthly Low	8823.34
Daily Fibonacci 38.2%	9064.68
Daily Fibonacci 61.8%	9141.31
Daily Pivot Point S1	8933.46
Daily Pivot Point S2	8774.69
Daily Pivot Point S3	8608.74
Daily Pivot Point R1	9258.19
Daily Pivot Point R2	9424.14
Daily Pivot Point R3	9582.92

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.

XRP tests key support with elevated on-chain activity as whale selling threatens rally

XRP tests $1.40 support and rises to trade at $1.43 on Wednesday as the crypto market broadly consolidates. XRP faces profit-taking risk, as whales increasingly sell following last week’s rally.

Bitcoin recovery stalls near $80,000 as ETF inflows mount, whale demand strengthens

Bitcoin hovers above $78,000 on Wednesday, struggling to advance beyond $80,000 after its strongest weekly rise in three years. BTC ETFs recorded their seventh consecutive day of inflows, totaling $314 million on Tuesday, amid whales rotating $5 billion into tax-deferred swaps.

Crypto Today: Bitcoin, Ethereum, XRP broadly consolidate ahead of the next leg up

Bitcoin has retained a strong bullish outlook since last week, trading around $79,000 on Wednesday. As the Crypto King consolidates, bulls appear to be mulling another breakout attempt to reclaim $80,000 and push beyond the supply zone at $82,500.

Hyperliquid eyes record high on rising revenue, ETF inflows

Hyperliquid is up 4% on Wednesday, with bulls eyeing a new record high above Sunday’s high at $83.30. HYPE-focused ETFs recorded $7.51 million in inflows on Tuesday, up from $5.74 million the previous day.

Bitcoin: The US Treasury saves BTC

Bitcoin extends gains, trading above $77,000 on Friday after rallying over 20% and reaching its highest level since mid-May. Crypto markets continue to cheer the US Treasury’s decision to double its debt buyback operations, posting their 7th-largest liquidation event in history.

Bitcoin Price Forecast: BTC/USD bulls manage a weak riposte after a sluggish Friday