Bitcoin price prediction: BTC/USD cautiously creeps above $9,300 - Bitcoin confluence

BTC/USD managed to settle above $9,300 amid steady recovery on Thursday.
The next critical resistance awaits BTC bulls at $9,550.

Tanya Abrosimova Independent Analyst

Bitcoin (BTC) is hovering at $9,300, off the intraday high of $9,364. The first digital currency is range-bound with bullish bias during early Asian hours; however, the recovery may gain traction once the European session kicks in.

Bitcoin confluence levels

There are a few technical levels clustered around the current price, which means that the coin is likely to oscillate in a tight range in the short run. Meanwhile, the upside looks like the path of least resistance.

Resistance levels

$9,350-$9,380 - the upper line of 1-hour Bollinger Band, the upper line of 15-min Bollinger Band, the highest level of the previous hour, the highest level of the previous 4-hour interval.
$9,550 - Pivot Point 1-week Resistance 2, Pivot Point 1-day Resistance 2.
$10,000 - Pivot Point 1-month Resistance 1.

Support levels

$9,200 - middle lines of 1-hour and 4-hour Bollinger Bands, 38.2% Fibo retracement daily.
$9,100 - Pivot Point 1-week Resistance 1, the highest level of the previous month, Pivot Point 1-day, Support 1,
$8,750 - SMA200 (Simple Moving Average) 1-hour.

Author

Tanya Abrosimova

Independent Analyst

Cardano Price Forecast: Approaches critical support as correction risks grow

Cardano (ADA) recovers slightly, trading at $0.206 at the time of writing on Friday, inches above the critical support zone after losing more than 6% so far this week. Weakening derivatives data and fading bullish momentum suggest a bearish near-term outlook, with a decisive close below the support zone potentially triggering a deeper correction for ADA.

Crypto Overview: Bitcoin slips below $77,000 – Raydium, Falcon Finance hold gains

Bitcoin price trades below $77,000 on Friday, extending its capitulation from the previous week’s high at $82,300. Broader market consensus points to a higher likelihood that the US Federal Reserve could raise interest rates at the September meeting, as inflation concerns rise amid the war with Iran.

Top 3 Price Prediction: Bitcoin, Ethereum, Ripple – BTC pullback, ETH stalls, XRP weakens

Bitcoin (BTC), Ethereum (ETH) and Ripple (XRP) remain under pressure on Friday as the broader cryptocurrency market extends its losses over 4%, 2.5% and 5%, respectively, this week.

Ethereum Price Forecast: ETH holds above $2,400 as PPI data strengthens rate hike expectations

Ethereum (ETH) is down 0.7% on Thursday as the second-largest cryptocurrency looks to recover from earlier pressure following the release of stronger US inflation data. The Producer Price Index (PPI) for final demand rose 0.4% in August, matching market expectations after a revised 0.1% increase in July, according to the US Labor Department.

Bitcoin: Gearing up for a sharp move

Bitcoin (BTC) is trading around $81,000 on Friday, up over 4% so far this week, and awaits a key catalyst that could determine its next directional move. Strong institutional demand is supporting the bullish price action, with spot BTC Exchange Traded Funds (ETFs) on track to record a third straight week of inflows.