BTC/USD daily chart
- Bulls opened up the Saturday market by crawling Bitcoin’s price up to $3,850.
- The price is trending inside the green Ichimoku cloud which shows that the price is consolidating before a breakout.
- The green cloud is exceptionally thick, which shows that it is an active area of support.
BTC/USD 4-hour chart
- The relative strength index (RSI) was trending in the overbought zone and is now going towards the neutral area.
- The moving average convergence/divergence (MACD) shows that momentum has reversed from bullish to bearish.
BTC/USD hourly chart
- The last session of the BTC/USD hourly chart crept above the lower curve of the 20-day Bollinger curve which is a bullish sign.
- The market is trending below both the 20-day simple moving average (SMA 20) and SMA 50.
- The market is still trending above the SMA 200 curve.
- The Elliot Wave oscillator’s last four sessions were red which is a significant bearish sign.
Key Levels
- Resistance 3: $4,051.95
- Resistance 2: $3,981.17
- Resistance 1: $3,912.43
- Pivot Point: $3,841.65
- Support 1: $3,772.90
- Support 2: $3,702.12
- Support 3: $3,633.38
Note: All information on this page is subject to change. The use of this website constitutes acceptance of our user agreement. Please read our privacy policy and legal disclaimer. Opinions expressed at FXstreet.com are those of the individual authors and do not necessarily represent the opinion of FXstreet.com or its management. Risk Disclosure: Trading foreign exchange on margin carries a high level of risk, and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to invest in foreign exchange you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading, and seek advice from an independent financial advisor if you have any doubts.
Recommended Content
Editors’ Picks
Prisma price tanks 25% after nearly $9 million exploit
Prisma Finance (PRISMA) is being exploited, and the attacker has so far pulled $9 million in Ethereum from the borrowing protocol. Prisma asked vault owners to take the necessary steps to protect funds from the ongoing attack in an official tweet on X.
Meme coins gain traction after SEC’s partial win in Coinbase lawsuit: DOGE, SHIB, BRETT, POPCAT, BODEN
US SEC pocketed a partial win in its lawsuit against Coinbase, ushering a correction in crypto prices on Thursday. Despite the broad pullback, prices of meme coins like Dogecoin, Shiba Inu and Solana-based BRETT, POPCAT and BODEN increased.
Ondo moves $95 million worth of OUSG assets to BUIDL as tokenized fund attracts $245 million since debut
Ondo Finance (ONDO) announced on Wednesday that it's shifting about $95 million worth of its OUSG's underlying assets to the BlackRock USD Institutional Digital Liquidity Fund (BUIDL).
XRP price stuck below $0.65 resistance, Ripple lawsuit could suffer from Coinbase defeat
XRP price falls slightly to $0.61 on Thursday after its landmark programmatic sales ruling in July, which gave Ripple a partial victory against the US SEC, failed to reverberate in a similar legal battle between the regulator and crypto exchange Coinbase.
Bitcoin: BTC may have recovered, but is it out of the woods?
Bitcoin’s (BTC) upward momentum has shown a significant decline for the past two weeks or so. This development led to a bearish signal on the weekly and an uncertain outlook on the monthly.