Bitcoin’s Price Overview
Bitcoin’s price ranges from $84,968 to $85,168 with a market capitalization of $1.68 trillion, and a 24-hour trading volume of $10.64 billion. The cryptocurrency has traded within a $1,551 intraday range, 21.7% below its all-time high of $99,508 on Jan. 20, 2025.
Bitcoin Technical Analysis
Daily Chart
Bitcoin has transitioned into a lateral consolidation phase, with reduced volatility and key support near $83,000. Resistance is between $88,000 and $89,000. A bullish close above $86,000 may lead to a price target of $89,000.
Four-Hour Chart
From $81,138 to $87,470, bitcoin shows a gradual recovery with bullish pressure. Key resistance remains at $87,470, while support is around $83,500. Breakout potential exists above resistance.
One-Hour Chart
A clean upward channel is present, with price trending from $83,682 to $85,233. Staying above $85,000 is crucial for bullish sentiment, while breakdown below $84,000 could trigger sell-offs.
Oscillator Signals
Oscillator indicators show mixed signals; RSI at 48 indicates neutral momentum. The direction of the trend is unclear, while some indicators suggest a bullish bias.
Moving Averages Analysis
Short- and mid-term moving averages provide positive signals, while longer-term averages indicate bearish trends. Current values range from $84,178 to $86,671, suggesting a complex market structure.
Fibonacci Levels
Fibonacci retracement levels indicate potential tactical entry points during pullbacks. Stop-losses should be placed under the 78.6% retracement level to manage risk.
Bull Verdict
A decisive close above $85,233 could target $86,500 to $88,500, supported by bullish indicators.
Bear Verdict
Failure to hold above $84,000 may lead to downward pressure, testing lower levels around $83,000 and $81,138, indicating ongoing bearish sentiment.
Comments (0)