Bitcoin technical analysis: BTC/USD fresh selling pressure as price firmly smashes $9000

Bitcoin price is trading in negative territory, down some 4% in the second half of the session.
Near-term price action has smashed out from a bearish flag structure.
BTC/USD is subject to further downside pressure should critical support of $900 be given up.

Ken Chigbo Independent Analyst

BTC/USD weekly chart

The price is testing critical weekly support to the downside seen at the $9000 price mark, which the bears are at present in control of driving deeper below.

BTC/USD daily chart

Daily price action is lost much upside momentum, following failure to break down supply at $9500.

BTC/USD 15-minute chart

Spot rate: 8,993.28

Relative change: -2.25%

High: 9,247.27

Low: 8714.48

BTC/USD

Overview
Today last price	8810.74
Today Daily Change	-389.82
Today Daily Change %	-4.24
Today daily open	9200.56

Trends
Daily SMA20	8714.13
Daily SMA50	8691.86
Daily SMA100	9588.18
Daily SMA200	9111.1

Levels
Previous Daily High	9373.46
Previous Daily Low	9081.6
Previous Weekly High	9938.64
Previous Weekly Low	8964.78
Previous Monthly High	10484.7
Previous Monthly Low	7300.54
Daily Fibonacci 38.2%	9193.09
Daily Fibonacci 61.8%	9261.97
Daily Pivot Point S1	9063.62
Daily Pivot Point S2	8926.68
Daily Pivot Point S3	8771.75
Daily Pivot Point R1	9355.48
Daily Pivot Point R2	9510.4
Daily Pivot Point R3	9647.34

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.

Crypto's future lies in tokenized real-world assets, not speculation

Atlas Capital CEO Reza Bandi stated that the crypto industry's next major growth phase will be driven by the tokenization of real-world assets rather than speculative trading. In an interview with FXStreet, Bandi identified three factors supporting the expansion of tokenization.

Top 3 Price Prediction: BTC remains vulnerable, ETH weakens further, XRP signals more downside

Bitcoin, Ethereum, and Ripple remain under pressure mid-week, as the broader cryptocurrency market struggles to regain recovery momentum. BTC struggles below $62,000, ETH continues to weaken below $1,650, while XRP’s momentum indicators remain biased toward further downside.

Crypto Overview: Bitcoin is back under $62,000 – Hyperliquid, DeXe lead losses

The broader cryptocurrency market is under pressure with Bitcoin slipping below $62,000 amid the US launching its third wave of strikes on Iran. Hyperliquid and DeXe are leading losses over the last 24 hours, risking the prevailing upward trend.

Bitcoin sell-off pushes over 50% of circulating supply into loss, hinting at market bottom

Bitcoin (BTC) dropped near $61,000 on Tuesday, with the latest sell-off pushing long-term market indicators toward levels historically associated with bear-market bottoms, according to a report by K33 Research.

Bitcoin: After the bloodbath, everyone looks at $60,000

Bitcoin (BTC) hovers above $62,000 at the time of writing on Friday, weighed down by growing risk-off sentiment due to persistent geopolitical tensions in the Middle East and sticky macroeconomic uncertainty. The institutional sell-off continued to wreak havoc on capital flows, with spot Bitcoin Exchange-Traded Funds (ETFs) recording billions in outflows.

BTC/USD weekly chart

BTC/USD daily chart

BTC/USD 15-minute chart

BTC/USD

Legal Text

Editor's Picks