TRENDING:

Trade War

XAU/USD

Bitcoin Technical Analysis: BTC/USD bulls really have their work cut out

Bitcoin trading with very modest gains of just over 1% in the session on Wednesday.
BTC/USD price action moving within a narrow range at the moment, subject to a near-term breakout.

Ken Chigbo Independent Analyst

BTC/USD 15-minute chart

BTC/USD 15-minute price action moving within a narrow range formation, between $3800-900 area.

Spot rate: 0.3345

Relative change: +1.01%

High: 3965.82

Low: 3866.12

Trend: Neutral

Trends:
    Daily SMA20: 3551.87
    Daily SMA50: 3615.41
    Daily SMA100: 3956.94
    Daily SMA200: 5258.35
Levels:
    Previous Daily High: 3970.9
    Previous Daily Low: 3843.38
    Previous Weekly High: 3655.36
    Previous Weekly Low: 3536.68
    Previous Monthly High: 4110.71
    Previous Monthly Low: 3341.58
    Daily Fibonacci 38.2%: 3922.19
    Daily Fibonacci 61.8%: 3892.09
    Daily Pivot Point S1: 3831.71
    Daily Pivot Point S2: 3773.78
    Daily Pivot Point S3: 3704.18
    Daily Pivot Point R1: 3959.23
    Daily Pivot Point R2: 4028.83
    Daily Pivot Point R3: 4086.76

BTC/USD 60-minute chart

Price action is moving within a near-term ascending channel pattern formation.

BTC/USD daily chart

A chunky amount of supply is observed from $4000 up to the $4500 price range.

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.

Aster Price Forecast: Demand sparks on Binance Wallet partnership for on-chain perpetuals

Aster is up roughly 9% so far on Thursday, hinting at the breakout of a crucial resistance level. Aster partners up with Binance wallet for the second season of the on-chain perpetuals challenge.

Crypto Today: Ethereum, XRP hold baseline support as Bitcoin struggles to find upside strength

Bitcoin hovers around $67,000, weighed down by risk-off sentiment as reflected by ETF outflows. Ethereum steadies toward the $2,000 psychological threshold despite fading institutional support.

Bitcoin Price Forecast: BTC stalls near $67,300 resistance as downside risks linger

Bitcoin (BTC) price is steadying at $67,000 on Thursday and faces resistance near the previously broken lower consolidation boundary at $67,300, signaling potential downside risk ahead.

LayerZero Price Forecast: ZRO steadies as markets digest Zero blockchain announcement

LayerZero (ZRO) trades above $2.00 at press time on Thursday, holding steady after a 17% rebound the previous day, which aligned with the public announcement of the Zero blockchain and Cathie Wood joining the advisory board.

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%.