TRENDING:
Trade War
XAU/USD
Silver
EUR/USD
GBP/USD
USD/CAD
AUD/USD
Sponsored by
Login
|

Bitcoin Technical Analysis: BTC/USD bulls gunning for next major zone $6500-7000

  • Bitcoin price on Friday is outperforming its peers gains of over 2% in the second half of the session.
  • BTC/USD bulls are approaching major barrier running from $6500-7000 range. 
  • Near-term bullish flag formation eyed via the 60-minute subject to a breakout. 
Bitcoin Technical Analysis: BTC/USD bulls gunning for next major zone $6500-7000
Ken ChigboKen ChigboIndependent Analyst

Spot rate:                  6269.51

Relative change:      +2.05%

High:                         6335.39

Low:                          6108.38

BTC/USD

Overview
Today last price6270.82
Today Daily Change117.66
Today Daily Change %1.91
Today daily open6153.16
 
Trends
Daily SMA205469.45
Daily SMA504996.5
Daily SMA1004362.2
Daily SMA2004472.81
Levels
Previous Daily High6170.86
Previous Daily Low5935.13
Previous Weekly High5795.47
Previous Weekly Low5073.04
Previous Monthly High5632.53
Previous Monthly Low4052.2
Daily Fibonacci 38.2%6080.81
Daily Fibonacci 61.8%6025.18
Daily Pivot Point S16001.91
Daily Pivot Point S25850.66
Daily Pivot Point S35766.19
Daily Pivot Point R16237.64
Daily Pivot Point R26322.11
Daily Pivot Point R36473.36

BTC/USD 60-minute chart

  • BTC/USD moving within a near-term bullish flag structure, as the price consolidates, subject to an imminent breakout.

BTC/USD daily chart

  • Bulls are heading for a big test of the $6500-7000 price region, with strong upside momentum. 

Author

Ken Chigbo

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.

More from Ken Chigbo
Share:

Editor's Picks

Ripple slides to $1.45 as downside risks surge

Ripple slides to $1.45 as downside risks surge

Ripple edges lower at the time of writing on Tuesday, from the daily open of $1.48, as headwinds persist across the crypto market. A short-term support is emerging at $1.45, but a buildup of bearish positions could further weaken the derivatives market and prolong the correction.

Bitcoin slips below $68,000 as defensive stance limits recovery

Bitcoin slips below $68,000 as defensive stance limits recovery

Bitcoin edges lower on Tuesday, extending consolidation in a trading range for over ten days. Market conditions remain defensive, with sustainable recovery depending on renewed spot demand, report says.

Crypto Today: Bitcoin, Ethereum, XRP upside looks limited amid deteriorating retail demand

Crypto Today: Bitcoin, Ethereum, XRP upside looks limited amid deteriorating retail demand

The cryptocurrency market extends weakness with major coins including Bitcoin (BTC), Ethereum (ETH) and Ripple (XRP) trading in sideways price action at the time of writing on Tuesday.

Meme Coins Price Prediction: Bears push Dogecoin, Shiba Inu, Pepe to the ropes

Meme Coins Price Prediction: Bears push Dogecoin, Shiba Inu, Pepe to the ropes

Meme coins, including Dogecoin, Shiba Inu, and Pepe, are under pressure on Tuesday, extending Sunday’s decline. The derivatives data show substantial outflows from DOGE, SHIB, and PEPE futures Open Interest, primarily driven by long-side-skewed liquidations. 

Bitcoin Price Annual Forecast: BTC holds long-term bullish structure heading into 2026

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: BTC bears aren’t done yet

Bitcoin: BTC bears aren’t done yet

Bitcoin (BTC) price slips below $67,000 at the time of writing on Friday, remaining under pressure and extending losses of nearly 5% so far this week.