TRENDING:
Trade War
XAU/USD
Silver
EUR/USD
GBP/USD
USD/CAD
AUD/USD
Sponsored by
Login
|

Bitcoin Price Forecast: BTC/USD next critical breakthrough is eyed at $7500

  • Bitcoin price is trading in positive territory, up 1.05% in the second half of the session. 
  • BTC/USD is being capped for the time being by a barrier at $7500.
  • The price has been consolidating near-term, following the critical $7000 breakthrough. 
Bitcoin Price Forecast: BTC/USD next critical breakthrough is eyed at $7500
Ken ChigboKen ChigboIndependent Analyst

BTC/USD daily chart

The next major daily barrier should be noted at $7500, a breakdown here can open the door to a fresh wave of buying momentum. 

BTC/USD 60-minute chart

60-minute supply runs from $7400-7500 price range, capping further upside. A near-term ‘m’ structure is observed via the hourly chart view.

Spot rate:                 7413.20

Relative change:     +1.05%

High:                        7426.72

Low:                         7154.70

BTC/USD

Overview
Today last price7271.25
Today Daily Change69.12
Today Daily Change %0.96
Today daily open7202.13
 
Trends
Daily SMA206542.91
Daily SMA507480.13
Daily SMA1008148.19
Daily SMA2008130.06
 
Levels
Previous Daily High7468.81
Previous Daily Low7075.82
Previous Weekly High7254.75
Previous Weekly Low5854.85
Previous Monthly High9215.51
Previous Monthly Low3886.49
Daily Fibonacci 38.2%7225.94
Daily Fibonacci 61.8%7318.69
Daily Pivot Point S17029.03
Daily Pivot Point S26855.93
Daily Pivot Point S36636.03
Daily Pivot Point R17422.02
Daily Pivot Point R27641.91
Daily Pivot Point R37815.01

Author

Ken Chigbo

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.

More from Ken Chigbo
Share:

Editor's Picks

Cosmos Hub Price Forecast: ATOM rebounds slightly, bearish outlook remains intact

Cosmos Hub Price Forecast: ATOM rebounds slightly, bearish outlook remains intact

Cosmos Hub (ATOM) price rebounds, trading above $2.05 at the time of writing on Wednesday, after undergoing a sharp correction since last week. Weakening on-chain and derivatives data support a bearish outlook, while technical analysis remains unfavorable.

BTC, ETH and XRP post cautious recovery amid downside risks

BTC, ETH and XRP post cautious recovery amid downside risks

Bitcoin, Ethereum, and Ripple are posting a cautious recovery on Wednesday following a market correction earlier this week.  BTC is approaching a key breakdown level, while ETH and XRP are rebounding from crucial support levels. 

Top Crypto Gainers:  Morpho, Ether.fi, and Pippin rally amid market pressure

Top Crypto Gainers:  Morpho, Ether.fi, and Pippin rally amid market pressure

Altcoins, including Morpho, Ether.fi and Pippin are leading the gains over the last 24 hours as the broader cryptocurrency market remains under pressure. Technically, the recovery in MORPHO, ETHFI, and PIPPIN shows upside potential as buying pressure increases.

Hyperliquid registers mild gains following CoinShares' ETP launch

Hyperliquid registers mild gains following CoinShares' ETP launch

Hyperliquid (HYPE) registered a 3% gain on Tuesday after CoinShares announced the launch of its Physical Hyperliquid Staking exchange-traded product (ETP), offering investors exposure to the token's price and staking yields.

Bitcoin Price Annual Forecast: BTC holds long-term bullish structure heading into 2026

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: No recovery in sight

Bitcoin: No recovery in sight

Bitcoin (BTC) price continues to trade within a range-bound zone, hovering around $67,000 at the time of writing on Friday, and falling slightly so far this week, with no signs of recovery.