TRENDING:
Oil price
XAU/USD
EUR/USD
GBP/USD
Silver
Sponsored by
Login
|

Bitcoin Price Prediction: BTC/USD consolidates above $5,000

  • Bitcoin price consolidates above $5000 amid bearish exhaustion.
  • The weekend session stability carries the day led by Bitcoin.
Bitcoin Price Prediction: BTC/USD consolidates above $5,000
John IsigeJohn IsigeFXStreet

Bitcoin price in the green on Sunday after a gruesome week. The entire cryptocurrency market was on a seesaw this week led by Bitcoin price with its dive under $4,000. The bleeding has slowed down since Friday but significant recovery is still at bay.

BTC/USD is teetering at $5,250 at the time of writing. It has grown 1.57% on the day but the prevailing trend is bearish amid low volatility levels. The price has been stable above $5,000 with Bitcoin pushing for consolidation above $5,000. The 50 SMA on the 1-hour chart is the immediate resistance. In the same range, the 100 SMA at $6,000 is the third resistance zone after $5,500.

Bitcoin price confluence level

Support one: $5,105 – Previous low 1-hour and Fibonacci 23.6% one-week.

Support two: $4,941 – Pivot point one-day support one.

Support three: $4,723 – Pivot point one-day support two.

Resistance one: $5,323 – Bollinger band one-week hour middle, Fibonacci 38.2% one-day and BB 15-mins upper curve.

Resistance support two: Pivot point one-month support.

Resistance two: $5,813 – Fibo 38.2% one-week.


BTC/USD price chart

Author

John Isige

John Isige

FXStreet

John Isige is a seasoned cryptocurrency journalist and markets analyst committed to delivering high-quality, actionable insights tailored to traders, investors, and crypto enthusiasts. He enjoys deep dives into emerging Web3 tren

More from John Isige
Share:

Editor's Picks

Hyperliquid Price Forecast: Downside risk looms as momentum stretches thin

Hyperliquid Price Forecast: Downside risk looms as momentum stretches thin

Hyperliquid price is trading in the red on Monday, stalling after 10% gains last week. HYPE-focused Exchange Traded Funds recorded their fifth consecutive weekly inflows, projecting steady institutional demand. The technical outlook for HYPE warns of potential downside risk as bullish momentum stretches thin.

Cardano Price Forecast: Strengthening momentum points to cautious upside extension

Cardano Price Forecast: Strengthening momentum points to cautious upside extension

Cardano trades around $0.222 on Monday after rallying over 15% last week. Mixed derivatives data and mildly bullish on-chain metrics point to cautious market sentiment. Meanwhile, strengthening momentum indicators suggest ADA could see further gains if the recovery continues.

Crypto Overview: Bitcoin faces sell wall at $82,850 – Jupiter, Zcash rally

Crypto Overview: Bitcoin faces sell wall at $82,850 – Jupiter, Zcash rally

Bitcoin price tumbles below $80,000 on Monday amid improved odds of a rate hike with the robust US employment data. Institutional demand holds firm with crypto-focused Exchange Traded Funds recording nearly $1.25 billion in inflows last week. Jupiter and Zcash extend gains over the last 24 hours, leading the broader crypto market rally.

Top 3 Price Prediction: Bitcoin, Ethereum, Ripple – BTC consolidates near recent highs, ETH and XRP defend key bullish supports

Top 3 Price Prediction: Bitcoin, Ethereum, Ripple – BTC consolidates near recent highs, ETH and XRP defend key bullish supports

Bitcoin (BTC), Ethereum (ETH) and Ripple (XRP) maintain a constructive outlook on Monday after gaining more than 3.4%, 4% and 4.8%, respectively, last week. BTC holds steady near $80,000 while ETH and XRP show resilience and defend key support zones. The price action of these top three cryptocurrencies suggests consolidation or a mild pullback before an upside move.
Bitcoin: Gearing up for a sharp move

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.