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

BTC/USD technical analysis: Bitcoin finds some support but where will it go now?

  • BTC/USD trades 3.39% higher today after the fall on Wednesday.
  • There are a couple of resistance levels to keep an eye on.
BTC/USD technical analysis: Bitcoin finds some support but where will it go now?
Rajan Dhall, MSTARajan Dhall, MSTAFX Daily

After falling to hit a low of 7,296.44 on Wednesday BTC/USD has found some support but is still in a downtrend.

On the upside, a natural resistance is the previous consolidation low of 7,701.00 and price is there as we speak.

Above that, the 8K psychological level is just over the horizon and it is just under the peak of the volume profile volume point of control (VPOC) for that distribution.

Then if the bulls really do manage to take control 9,071.00 is next.

On the downside other than the level that the Bitcoin price just bounced off the next low down is 5,777.00.

Bitcoin Analysis

BTC/USD

Overview
Today last price7674.54
Today Daily Change 241.67
Today Daily Change % 3.25
Today daily open7432.87
 
Trends
Daily SMA208116.09
Daily SMA508954.86
Daily SMA1009688.21
Daily SMA2008866.98
 
Levels
Previous Daily High7510.05
Previous Daily Low7358.98
Previous Weekly High8469.7
Previous Weekly Low7820.15
Previous Monthly High10942.68
Previous Monthly Low7706.37
Daily Fibonacci 38.2%7416.69
Daily Fibonacci 61.8%7452.34
Daily Pivot Point S17357.88
Daily Pivot Point S27282.9
Daily Pivot Point S37206.82
Daily Pivot Point R17508.95
Daily Pivot Point R27585.03
Daily Pivot Point R37660.02

Author

Rajan Dhall, MSTA

Rajan Dhall is an experienced market analyst, who has been trading professionally since 2007 managing various funds producing exceptional returns.

More from Rajan Dhall, MSTA
Share:

Editor's Picks

Bitcoin slips below $90,000 as Trump's tariffs swing, ETF outflows pressure price

Bitcoin slips below $90,000 as Trump's tariffs swing, ETF outflows pressure price

Bitcoin price struggles below $90,000 on Friday, correcting nearly 5% so far this week. Trump’s Davos speech on Wednesday, backing away from imposing further tariffs on the EU, triggered market volatility and risk-on mood.

Ripple holds losses above $1.90 amid mild ETF inflows, muted retail interest

Ripple holds losses above $1.90 amid mild ETF inflows, muted retail interest

Ripple is trading under pressure, hovering above the immediate support level at $1.90 at the time of writing on Friday. Despite mild inflows into spot ETFs, XRP has declined for a second consecutive day, reflecting weak retail demand and persistent selling pressure.

Pump.fun sees bearish reversal despite buyback

Pump.fun sees bearish reversal despite buyback

Pump.fun trades below $0.0025 at the time of writing on Friday, after a nearly 7% decline from the 50-day Exponential Moving Average at $0.002601. The recent purchase of over $1 million in PUMP tokens failed to revive retail support, as PUMP futures continue to see capital outflow.

Crypto Today: Bitcoin, Ethereum, XRP face elevated downside risk amid weak technical setups

Crypto Today: Bitcoin, Ethereum, XRP face elevated downside risk amid weak technical setups

Bitcoin is struggling to stay above support at $89,000 at the time of writing, as headwinds intensify across the cryptocurrency market on Friday. Ethereum and Ripple are facing low retail and institutional demand, while bearish indicators continue to flash subtle signals that losses may extend further.

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 slips below $90,000 as Trump's tariffs swing, ETF outflows pressure price

Bitcoin: BTC slips below $90,000 as Trump's tariffs swing, ETF outflows pressure price

Bitcoin (BTC) is trading below $90,000 at the time of writing on Friday, down nearly 5% this week. Despite a brief improvement in risk appetite following US President Donald Trump’s mid-week speech at Davos, the Crypto King remains under pressure as institutional demand continued to weaken so far this week.