Bitcoin price prediction: BTC/USD consolidates gains - Bitcoin confluence

BTC/USD has entered a range-bound phase after steady growth.
The critical support is created on approach to $7,950.

Tanya Abrosimova Independent Analyst

Bitcoin (BTC) extended the weekend gains and hit a new high of 2019 marginally below $9,000. While at this stage, the upside momentum has faded away, the long-term trend remains positive.

Bitcoin confluence levels

There are a lot of significant technical barriers clustered below the current price, which makes life harder form Bitcoin bears. Above the current price, we have an uncharted territory with rare technical hurdles, once $9,000 is cleared.

Resistance levels

$8,900 - Pivot Point 1-week Resistance 2.
$9,100 - upper boundary of 1-day Bollinger Band
$9,500 - Pivot Point week-1 Resistance-3

Support levels

$8,400 - 38.2% Fibo retracement daily, Pivot Point 1-week Resistance 3.
$8,100 - SMA5, daily, SMA100, 1-hour, 23.6% Fibo retracement weekly
$7,950 - 38.2% Fibo retracement weekly, SMA10 daily

Author

Tanya Abrosimova

Independent Analyst

XRP slides amid a fragile crypto market structure

Ripple (XRP) falls for the second straight day, trading at $1.37 on Thursday. The broader cryptocurrency market remains fragile as investors weigh the impact of geopolitical tensions in the Middle East, which triggered persistent increases in Crude Oil prices while restricting shipping through the Straight of Hormuz and the Red Sea.

Bitcoin Price Forecast: BTC pressured amid ETF outflows, fresh US-Iran risks

Bitcoin (BTC) remains under pressure, trading below $78,200 at the time of writing on Thursday after declining nearly 3% so far this week. Weakening institutional demand, along with escalating geopolitical tensions between the US and Iran near the Strait of Hormuz, continues to dampen risk appetite and weigh on the Crypto King. Institutional demand for Bitcoin shows early signs of caution.

Top Altcoins Price Forecast: Ripple, Solana, and Cardano risk deeper losses

Ripple (XRP), Solana (SOL), and Cardano (ADA) struggle to extend last month's advance, pointing to moderating buying pressure. The technical outlook for XRP, SOL, and ADA suggests a mild near-term bearish bias as momentum weakens. Ripple trades around $1.3800 at press time on Thursday, extending losses after a bearish close the previous day.

Crypto Today: Bitcoin, Ethereum and XRP lose bullish momentum as structural support holds

Cryptocurrency prices are moderating on Thursday, with Bitcoin (BTC) dropping to test the near-term $78,000 support. Altcoins, including Ethereum (ETH) and Ripple (XRP), are echoing Bitcoin’s cautious sentiment, with ETH retracing to approximately $2,470 and XRP to $1.38.

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.