TRENDING:

GBP/USD

XAU/USD

Bitcoin Technical Analysis: BTC/USD bulls are gradually building blocks for a big breakout

Bitcoin price is trading in minor positive territory on Wednesday, up with gains of 0.15%.
BTC/USD daily ascending trend line continues to support the bulls in their recovery.
Bulls are gradually chipping away the away of supply seen in the early part of the $4000 price territory.

Ken Chigbo Independent Analyst

Spot rate: 4002.11

Relative change: -0.13%

High: 4017.20

Low: 3963.92

BTC/USD

Overview
Today last price	4003.69
Today Daily Change	3.85
Today Daily Change %	0.10
Today daily open	3999.84

Trends
Daily SMA20	3867.6
Daily SMA50	3715.86
Daily SMA100	3687.89
Daily SMA200	4882.13

Levels
Previous Daily High	4010.4
Previous Daily Low	3950.37
Previous Weekly High	3917.33
Previous Weekly Low	3783.86
Previous Monthly High	4187.25
Previous Monthly Low	3338.98
Daily Fibonacci 38.2%	3987.46
Daily Fibonacci 61.8%	3973.3
Daily Pivot Point S1	3963.34
Daily Pivot Point S2	3926.84
Daily Pivot Point S3	3903.31
Daily Pivot Point R1	4023.37
Daily Pivot Point R2	4046.9
Daily Pivot Point R3	4083.4

BTC/USD 60-minute chart

Price action is moving within a narrow range-block formation, subject to a potentially explosive breakout to the upside.

BTC/USD daily chart

Long-running ascending trend line still playing a huge part in the bulls push for recovery.
Supply zone running from $4000-4100 price range, capping upside momentum.

Author

Ken Chigbo

Independent Analyst

Ken has over 8 years exposure to the financial markets. He started his career as an analyst, covering a variety of asset classes; forex, fixed income, commodities and equities.

Markets move fast. We move first.

Orange Juice Newsletter brings you expert driven insights - not headlines. Every day on your inbox.

Editor's Picks

Crypto Today: Bitcoin, Ethereum, XRP slide further as risk-off sentiment deepens

Bitcoin faces extended pressure as institutional investors reduce their risk exposure. Ethereum’s upside capped at $3,000, weighed down by ETF outflows and bearish signals. XRP slides toward November’s support at $1.82 despite mild ETF inflows.

Ripple eyes record high breakout in 2026 as Ripple scales infrastructure

XRP has traded under pressure, but short-term support keeps hopes of a sustainable recovery in 2026 alive. The launch of XRP ETFs and regulatory clarity in the US pave the way for institutional adoption.

Bitcoin risks deeper correction as ETF outflows mount, derivative traders stay on the sidelines

Bitcoin (BTC) remains under pressure, trading below $87,000 on Wednesday, nearing a key support level. A decisive daily close below this zone could open the door to a deeper correction.

Monero builds momentum amid bullish bets and looming resistance

Monero (XMR) trades close to $430 at press time on Wednesday, after a 5% jump on the previous day. The privacy coin regains retail interest, evidenced by heightened Open Interest and long positions.

Orange Juice Newsletter – Smart insights by real people. Every day.

A free newsletter highlighting key market trends to help traders stay a step ahead. Daily insights on the most relevant trading topics, compiled by our experts in an easy-to-read format so you never miss an important move.

Bitcoin: Fed delivers, yet fails to impress BTC traders

Bitcoin (BTC) continues de trade within the recent consolidation phase, hovering around $92,000 at the time of writing on Friday, as investors digest the Federal Reserve’s (Fed) cautious December rate cut and its implications for risk assets.

BTC/USD

Legal Text

Markets move fast. We move first.

Editor's Picks