Bitcoin price prediction: Beware, tight range ahead - Bitcoin confluence

BTC/USD bulls need defend $5,100.
The resistance area $5,200-$5,250 is a hard nut to crack.

Tanya Abrosimova Independent Analyst

Bitcoin (BTC) is locked in a tight range limited by $5,100 on the downside and $5,200 on the upside. The first digital coin has been sidelined since the weekend, following a strong downside movement on Thursday, April, 25.

Bitcoin confluence levels

Bitcoin bulls may have a hard time pushing the price above the said barrier as there are a lot of strong technical levels clustered above the current price. We will need a strong catalyst to break above $5,200-$5,250 area; however, once it happens, the upside momentum is likely to gain traction.

Resistance levels

$5,200 - SMA100 (1-hour), middle line of 1-hour Bollinger Band, middle line of 15-min Bollinger Band, 61.8% Fibo retracement daily, SMA200 15-min, SMA10 and SMA5 4-hour.
$5,250 - upper boundary of 1-hour Bollinger Band, middle line of 1-day Bollinger Band, 38.2% Fibo retracement weekly, SMA100, 1-hour
$5,400 - 61.8% Fibo retracement weekly.

Support levels

$5,150 - 23.6% Fibo retracement weekly, 23.6% Fibo retracement daily, lower boundary of 1-hour Bollinger Band, 38.2% Fibo retracement daily, lower boundary of 4-hour Bollinger Band
$5,000 - lower line of 1-day Bollinger Band, Pivot Point 1-day Support 3.
$4,700 - Pivot Point 1-month Resistance 3.

BTC/USD, 1-day

Author

Tanya Abrosimova

Independent Analyst

Ripple and Stellar outlook: XRP and XLM await direction amid cautious sentiment

Ripple and Stellar trade cautiously as both tokens hover around key technical levels. XRP is testing resistance at its 50-day EMA, while XLM continues to consolidate around the $0.187 support zone. Meanwhile, mixed derivatives data with a slight bearish tilt suggests traders remain cautious, keeping the next directional move uncertain.

Crypto Market Overview: Bitcoin recovery eases – HBAR and LDO test key resistance zones

Bitcoin edges below $66,000 extending the previous day's losses. Hedera and Lido DAO sustain bullish momentum, testing the breakout of a crucial resistance zone to extend their rally. CoinMarketCap’s Fear and Greed Index at 39 stalls below the neutral territory, indicating that sellers remain dominant.

Senate Republicans release updated CLARITY Act with new crypto ethics restrictions

Senate Republicans released an updated version of the Digital Asset Market CLARITY Act on Wednesday following briefing calls with stakeholders. The update adds a package of ethics restrictions targeting digital asset activities by public officials and their spouses.

Hyperliquid, Robinhood could lead crypto’s next bull market as DeFi and TradFi converge

The next crypto bull market could be driven by the growing convergence between blockchain-based financial infrastructure (on-chain) and traditional finance (TradFi), according to Bitwise CIO Matt Hougan. In a report published late Tuesday, Hougan argued that crypto may be showing early signs of a market bottom, with Bitcoin gaining 9% since July 1 even as the NASDAQ 100 declined 6%.

Bitcoin’s potential recovery in the second half hinges on these 4 catalysts

Bitcoin (BTC) has fallen over 34% in the first half of this year as the King Crypto failed to capitalize on a good semester for risk assets despite the woes from the Iran war.