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

BTC/USD: Bitcoin consolidates between 6233.95 and 6141.80

BTC/USD: Bitcoin consolidates between 6233.95 and 6141.80
Denis Joeli FatiakiDenis Joeli FatiakiIndependent Analyst

BTC/USD: Bitcoin consolidates between 6233.95 and 6141.80

What is going on with BTC/USD?

BTC/USD: Bitcoin failed to hold at 6474.75 as indicated on my last update Wed 10/10 and plunged to the bottom at 6056.70. The pair has been consolidating for the past two days in the 60 minutes price chart and continued in today's session.

Our forecast

BTC/USD: Bitcoin currently trades at 6226.85 within the consolidation price range between 6233.95 and 6141.80 in the 60 minutes price chart. Bitcoin prices need to break and hold above 6233.95 to continue to 6341.20. The pair also needs to maintain above 6141.80 to hold the current trend.
 
Support - 6141.80 and 6056.70

Resistance/ Target - 6233.95, 6275.20, 6341.20, and 6408.60

 Get free access to our trade signals at https://t.me/leoprimefx.

Chart 1: The short-term view of the BTC/USD price action in the 60 minutes price chart highlights the direction of the trend and the support and resistance price points

Chart 2: The short-term view of the BTC/USD price action in the four hours price chart highlights the direction of the trend and the support and resistance price points

Author

Denis Joeli Fatiaki

Denis Joeli Fatiaki

Independent Analyst

Denis Joeli Fatiaki possesses over a decade of extensive experience as a multi-asset trader and Market Strategist.

More from Denis Joeli Fatiaki
Share:

Editor's Picks

Dogecoin, Shiba Inu, and Pepe extend losses on bearish signals

Dogecoin, Shiba Inu, and Pepe extend losses on bearish signals

Meme coins are facing renewed selling pressure amid fading broad risk-on sentiment so far this week, with Dogecoin, Shiba Inu, and Pepe extending their losses after recent corrections.

PI recovers from slump as investors buy the dip

PI recovers from slump as investors buy the dip

Pi Network rebounds by 2% at press time on Tuesday, regaining strength after a three-day decline. A renewed interest among investors, evidenced by outflows from Centralized Exchanges, backs the short-term recovery.

Hedera extends losses as bearish sentiment dominates

Hedera extends losses as bearish sentiment dominates

Hedera price extends its losses after falling nearly 4% the previous day. Weakening on-chain and derivatives data support a bearish outlook alongside an unfavourable technical outlook, suggesting a deeper correction for HBAR.

Top Crypto Losers: BCH, HYPE, PUMP extend losses as Bitcoin drops below $64,000

Top Crypto Losers: BCH, HYPE, PUMP extend losses as Bitcoin drops below $64,000

Altcoins, including Bitcoin Cash, Hyperliquid, and Pump.fun, are leading losses over the last 24 hours as Bitcoin falls below $64,000 on Tuesday. The technical outlook for BCH, HYPE, and PUMP flags downside risk amid broader market selling.

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: No recovery in sight

Bitcoin: No recovery in sight

Bitcoin (BTC) price continues to trade within a range-bound zone, hovering around $67,000 at the time of writing on Friday, and falling slightly so far this week, with no signs of recovery.