Bitcoin Technical Analysis: BTC/USD backing into $6,000

Bitcoin's pattern of cyclical bidding shocks appears to have ended, and is now heading in the opposite direction.
BTC traders are seeing prices slump back towards the 6,000.0 major level.
Bitcoin has struggled to develop a bullish trend in 2018, and highs continue to drop lower on Daily candles.

Joshua Gibson FXStreet

BTC/USD Chart, 1-Hour

Spot rate:	6252.0
Relative change:	Negligible
High:	6283.0
Low:	6220.0

Trend:	Bearish

Support 1:	6080.0 (current week low)
Support 2:	5936.0 (S2 daily pivot)
Support 3:	5796.0 (S3 daily pivot)

Resistance 1:	6395.0 (June 11th swing high)
Resistance 2:	6537.0 (61.8% Fibo retracement level)
Resistance 3:	6820.0 (two week high)

Author

Joshua Gibson

FXStreet

Joshua joins the FXStreet team as an Economics and Finance double major from Vancouver Island University with twelve years' experience as an independent trader focusing on technical analysis.

Ripple exposed to volatility amid low retail interest, modest fund inflows

Ripple (XRP) is extending its intraday decline to around $1.40 at the time of writing on Monday amid growing pressure from the retail market and risk-off sentiment that continues to keep investors on the sidelines.

Crypto Today: Bitcoin steadies around $70,000, Ethereum and XRP remain under pressure

Bitcoin hovers around $70,000, up near 15% from last week's low of $60,000 despite low retail demand. Ethereum delicately holds $2,000 support as weak technicals weigh amid declining futures Open Interest.

Pi Network extends decline as steady mainnet migration adds pressure

PI edges lower by over 3% at press time on Monday, marking a third consecutive day of losses. The declining trend in PI aligns with the steady mainnet migration of PI tokens, which may fuel selling pressure. The technical outlook for PI remains bearish, with bearish momentum persisting.

Bitcoin slips below $70,000 as ETF outflows, realized losses fuel bearish outlook

Bitcoin price trades in red below $70,000 on Monday after correcting nearly 9% in the previous week. US-listed spot ETFs recorded a $318 million weekly outflow, marking the third consecutive week of withdrawals.

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: The worst may be behind us

Bitcoin (BTC) price recovers slightly, trading at $65,000 at the time of writing on Friday, after reaching a low of $60,000 during the early Asian trading session. The Crypto King remained under pressure so far this week, posting three consecutive weeks of losses exceeding 30%.