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

Bitcoin: Technical picture remains negative [Video]

Bitcoin: Technical picture remains negative [Video]
Steve O'HareSteve O'HareSignal Centre

Weekly

Technical picture remains negative clearly highlighting a POTENTIAL head & shoulders formation. A break and close below the neckline ($30k) would confirm this for me.

BTCUSD

Daily

Chart shows an impulsive move lower and currently trading within wave 4 (corrective) prior to the 5 th and final wave. Resistance sits in front of $42k with next supports at $30k & $20k.

BTCUSD

4-Hour

Range bound and trading within a rectangle formation. Near term support between $30-31k has held 4 times and a break of here should lead to a fast move lower towards $18-20K. Resistance comes in at $36k before $41-43k.

BTCUSD

Author

Steve O'Hare

Steve O'Hare

Signal Centre

Steve has over 30 years of trading experience in Commodity, Equity and Fixed Income markets, in both research and trading.

More from Steve O'Hare
Share:

Editor's Picks

XRP sell-off deepens amid weak retail interest, risk-off sentiment

XRP sell-off deepens amid weak retail interest, risk-off sentiment

Ripple (XRP) is edging lower around $1.36 at the time of writing on Wednesday, weighed down by low retail interest and macroeconomic uncertainty, which is accelerating risk-off sentiment.

Crypto Today: Bitcoin, Ethereum, XRP extend sell-off amid negative funding rates 

Crypto Today: Bitcoin, Ethereum, XRP extend sell-off amid negative funding rates 

Bitcoin is down 15% in February and looks poised to extend its losses toward the yearly low of $60,000. Ethereum and Ripple are following in Bitcoin's footsteps, weighed down by a weak derivatives market. 

Hyperliquid tests key support as sell-side pressure intensifies

Hyperliquid tests key support as sell-side pressure intensifies

Hyerliquid (HYPE) drops to its 50-day Exponential Moving Average (EMA) at $28.85 at the time of writing on Wednesday, extending a decline of roughly 10% so far this week. 

Stellar Price Forecast: XLM risks revisiting $0.136 as sell-off continues

Stellar Price Forecast: XLM risks revisiting $0.136 as sell-off continues

Stellar is trading below $0.160 at the time of writing on Wednesday, extending its correction for the fifth consecutive day. The bearish price action is further supported by rising short bets and declining Open Interest in the derivatives market. 

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: The worst may be behind us

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%.