• bitcoinBitcoin (BTC) $ 101,810.00
  • ethereumEthereum (ETH) $ 3,882.70
  • tetherTether (USDT) $ 1.00
  • xrpXRP (XRP) $ 2.34
  • solanaSolana (SOL) $ 237.52
  • bnbBNB (BNB) $ 720.74
  • dogecoinDogecoin (DOGE) $ 0.438420
  • cardanoCardano (ADA) $ 1.20
  • usd-coinUSDC (USDC) $ 0.999250
  • staked-etherLido Staked Ether (STETH) $ 3,883.25
  • tronTRON (TRX) $ 0.329085
  • avalanche-2Avalanche (AVAX) $ 51.92
  • shiba-inuShiba Inu (SHIB) $ 0.000031
  • the-open-networkToncoin (TON) $ 6.89
  • polkadotPolkadot (DOT) $ 10.85
  • wrapped-stethWrapped stETH (WSTETH) $ 4,633.61
  • chainlinkChainlink (LINK) $ 24.31
  • stellarStellar (XLM) $ 0.495003
  • wrapped-bitcoinWrapped Bitcoin (WBTC) $ 101,919.00
  • suiSui (SUI) $ 4.34
  • bitcoin-cashBitcoin Cash (BCH) $ 609.80
  • hedera-hashgraphHedera (HBAR) $ 0.296962
  • wethWETH (WETH) $ 3,889.44
  • litecoinLitecoin (LTC) $ 142.87
  • nearNEAR Protocol (NEAR) $ 7.91
  • pepePepe (PEPE) $ 0.000022
  • uniswapUniswap (UNI) $ 15.39
  • leo-tokenLEO Token (LEO) $ 9.36
  • aptosAptos (APT) $ 14.26
  • wrapped-eethWrapped eETH (WEETH) $ 4,098.76
  • internet-computerInternet Computer (ICP) $ 14.57
  • polygon-ecosystem-tokenPOL (ex-MATIC) (POL) $ 0.700019
  • crypto-com-chainCronos (CRO) $ 0.210508
  • vechainVeChain (VET) $ 0.068499
  • ethereum-classicEthereum Classic (ETC) $ 36.55
  • usdsUSDS (USDS) $ 0.996792
  • bittensorBittensor (TAO) $ 688.83
  • render-tokenRender (RENDER) $ 9.81
  • fetch-aiArtificial Superintelligence Alliance (FET) $ 1.91
  • ethena-usdeEthena USDe (USDE) $ 1.00
  • filecoinFilecoin (FIL) $ 7.93
  • arbitrumArbitrum (ARB) $ 1.13
  • hyperliquidHyperliquid (HYPE) $ 12.76
  • blockstackStacks (STX) $ 2.82
  • kaspaKaspa (KAS) $ 0.159457
  • algorandAlgorand (ALGO) $ 0.469029
  • cosmosCosmos Hub (ATOM) $ 9.96
  • aaveAave (AAVE) $ 256.31
  • mantra-daoMANTRA (OM) $ 3.98
  • celestiaCelestia (TIA) $ 8.42
  • mantleMantle (MNT) $ 1.09
  • moneroMonero (XMR) $ 197.71
  • whitebitWhiteBIT Coin (WBT) $ 25.08
  • immutable-xImmutable (IMX) $ 2.13
  • daiDai (DAI) $ 0.996537
  • fantomFantom (FTM) $ 1.26
  • okbOKB (OKB) $ 57.94
  • injective-protocolInjective (INJ) $ 34.24
  • dogwifcoindogwifhat (WIF) $ 3.28
  • bonkBonk (BONK) $ 0.000043
  • optimismOptimism (OP) $ 2.56
  • the-graphThe Graph (GRT) $ 0.330713
  • theta-tokenTheta Network (THETA) $ 3.03
  • sei-networkSei (SEI) $ 0.710856
  • ethenaEthena (ENA) $ 0.916087
  • bitget-tokenBitget Token (BGB) $ 1.91
  • worldcoin-wldWorldcoin (WLD) $ 3.58
  • galaGALA (GALA) $ 0.060151
  • ondo-financeOndo (ONDO) $ 1.74
  • thorchainTHORChain (RUNE) $ 7.09
  • jasmycoinJasmyCoin (JASMY) $ 0.048530
  • binance-peg-wethBinance-Peg WETH (WETH) $ 3,889.40
  • flokiFLOKI (FLOKI) $ 0.000239
  • the-sandboxThe Sandbox (SAND) $ 0.919096
  • coinbase-wrapped-btcCoinbase Wrapped BTC (CBBTC) $ 102,211.00
  • eosEOS (EOS) $ 1.41
  • rocket-pool-ethRocket Pool ETH (RETH) $ 4,355.35
  • based-brettBrett (BRETT) $ 0.201908
  • kaiaKaia (KAIA) $ 0.333218
  • lido-daoLido DAO (LDO) $ 2.17
  • makerMaker (MKR) $ 2,155.08
  • pyth-networkPyth Network (PYTH) $ 0.522417
  • first-digital-usdFirst Digital USD (FDUSD) $ 0.998869
  • flowFlow (FLOW) $ 1.18
  • jupiter-exchange-solanaJupiter (JUP) $ 1.35
  • mantle-staked-etherMantle Staked Ether (METH) $ 4,080.68
  • arweaveArweave (AR) $ 26.61
  • flare-networksFlare (FLR) $ 0.032936
  • iotaIOTA (IOTA) $ 0.480200
  • tezosTezos (XTZ) $ 1.66
  • stauSTAU (STAU) $ 0.168664
  • beam-2Beam (BEAM) $ 0.031736
  • starknetStarknet (STRK) $ 0.732589
  • bitcoin-svBitcoin SV (BSV) $ 83.54
  • virtual-protocolVirtuals Protocol (VIRTUAL) $ 1.66
  • kelp-dao-restaked-ethKelp DAO Restaked ETH (RSETH) $ 3,977.39
  • kucoin-sharesKuCoin (KCS) $ 13.12
  • renzo-restaked-ethRenzo Restaked ETH (EZETH) $ 3,988.89
  • gatechain-tokenGate (GT) $ 12.47
  • solv-btcSolv Protocol SolvBTC (SOLVBTC) $ 101,789.00
  • elrond-erd-2MultiversX (EGLD) $ 55.44
  • bittorrentBitTorrent (BTT) $ 0.000002
  • coredaoorgCore (CORE) $ 1.64
  • neoNEO (NEO) $ 21.36
  • raydiumRaydium (RAY) $ 5.10
  • heliumHelium (HNT) $ 8.52
  • axie-infinityAxie Infinity (AXS) $ 9.35
  • decentralandDecentraland (MANA) $ 0.773075
  • peanut-the-squirrelPeanut the Squirrel (PNUT) $ 1.40
  • apecoinApeCoin (APE) $ 1.93
  • curve-dao-tokenCurve DAO (CRV) $ 1.11
  • matic-networkPolygon (MATIC) $ 0.701525
  • ethereum-name-serviceEthereum Name Service (ENS) $ 41.46
  • popcatPopcat (POPCAT) $ 1.38
  • aerodrome-financeAerodrome Finance (AERO) $ 1.87
  • dydx-chaindYdX (DYDX) $ 1.85
  • tokenize-xchangeTokenize Xchange (TKX) $ 16.42
  • aioz-networkAIOZ Network (AIOZ) $ 1.14
  • msolMarinade Staked SOL (MSOL) $ 294.72
  • chilizChiliz (CHZ) $ 0.135513
  • lombard-staked-btcLombard Staked BTC (LBTC) $ 102,285.00
  • pancakeswap-tokenPancakeSwap (CAKE) $ 4.03
  • conflux-tokenConflux (CFX) $ 0.241641
  • binance-staked-solBinance Staked SOL (BNSOL) $ 241.85
  • akash-networkAkash Network (AKT) $ 4.48
  • ether-fi-staked-ethether.fi Staked ETH (EETH) $ 3,856.00
  • ecasheCash (XEC) $ 0.000056
  • xdce-crowd-saleXDC Network (XDC) $ 0.073124
  • mina-protocolMina Protocol (MINA) $ 0.913839
  • wormholeWormhole (W) $ 0.392165
  • zcashZcash (ZEC) $ 71.39
  • mantle-restaked-ethMantle Restaked ETH (CMETH) $ 4,081.41
  • fasttokenFasttoken (FTN) $ 3.19
  • pendlePendle (PENDLE) $ 6.39
  • solv-protocol-solvbtc-bbnSolv Protocol SolvBTC.BBN (SOLVBTC.BB) $ 101,732.00
  • bazaarsBazaars (BZR) $ 16.70
  • reserve-rights-tokenReserve Rights (RSR) $ 0.019034
  • compound-governance-tokenCompound (COMP) $ 114.23
  • mog-coinMog Coin (MOG) $ 0.000003
  • nexoNEXO (NEXO) $ 1.53
  • notcoinNotcoin (NOT) $ 0.009620
  • ordinalsORDI (ORDI) $ 46.91
  • jupiter-staked-solJupiter Staked SOL (JUPSOL) $ 251.88
  • havvenSynthetix Network (SNX) $ 2.93
  • arbitrum-bridged-wbtc-arbitrum-oneArbitrum Bridged WBTC (Arbitrum One) (WBTC) $ 101,550.00
  • safeSafe (SAFE) $ 1.82
  • terra-lunaTerra Luna Classic (LUNC) $ 0.000167
  • binance-peg-dogecoinBinance-Peg Dogecoin (DOGE) $ 0.441008
  • axelarAxelar (AXL) $ 1.04
  • blurBlur (BLUR) $ 0.430776
  • creditcoin-2Creditcoin (CTC) $ 2.12
  • amp-tokenAmp (AMP) $ 0.010829
  • oasis-networkOasis (ROSE) $ 0.128732
  • zksyncZKsync (ZK) $ 0.229652
  • l2-standard-bridged-weth-baseL2 Standard Bridged WETH (Base) (WETH) $ 3,885.15
  • roninRonin (RON) $ 2.29
  • cat-in-a-dogs-worldcat in a dogs world (MEW) $ 0.009419
  • dydxdYdX (ETHDYDX) $ 1.84
  • agentfun-aiAgentFun.AI (AGENTFUN) $ 8.05
  • eigenlayerEigenlayer (EIGEN) $ 3.87
  • arbitrum-bridged-weth-arbitrum-oneArbitrum Bridged WETH (Arbitrum One) (WETH) $ 3,887.21
  • goatseus-maximusGoatseus Maximus (GOAT) $ 0.799554
  • arkhamArkham (ARKM) $ 2.49
  • superfarmSuperVerse (SUPER) $ 1.75
  • nervos-networkNervos Network (CKB) $ 0.017181
  • echelon-primeEchelon Prime (PRIME) $ 15.06
  • kavaKava (KAVA) $ 0.703286
  • neiro-3Neiro (NEIRO) $ 0.001798
  • gnosisGnosis (GNO) $ 288.93
  • usddUSDD (USDD) $ 0.993520
  • grassGrass (GRASS) $ 3.02
  • 1inch1inch (1INCH) $ 0.525871
  • layerzeroLayerZero (ZRO) $ 6.56
  • dashDash (DASH) $ 60.11
  • coinbase-wrapped-staked-ethCoinbase Wrapped Staked ETH (CBETH) $ 4,216.12
  • kusamaKusama (KSM) $ 44.59
  • bitcoin-goldBitcoin Gold (BTG) $ 39.43
  • book-of-memeBOOK OF MEME (BOME) $ 0.010005
  • apenftAPENFT (NFT) $ 0.00000069
  • dog-go-to-the-moon-runeDOG•GO•TO•THE•MOON (Runes) (DOG) $ 0.006793
  • spx6900SPX6900 (SPX) $ 0.722935
  • livepeerLivepeer (LPT) $ 18.16
  • enjincoinEnjin Coin (ENJ) $ 0.369241
  • astarAstar (ASTR) $ 0.088287
  • holotokenHolo (HOT) $ 0.003666
  • tether-goldTether Gold (XAUT) $ 2,635.82
  • woo-networkWOO (WOO) $ 0.350727
  • super-oethSuper OETH (SUPEROETHB) $ 3,891.68
  • fraxFrax (FRAX) $ 0.993964
  • zilliqaZilliqa (ZIL) $ 0.033279
  • sats-ordinalsSATS (Ordinals) (SATS) $ 0.00000030
  • trust-wallet-tokenTrust Wallet (TWT) $ 1.51
  • snekSnek (SNEK) $ 0.008312
  • stepnGMT (GMT) $ 0.242457
  • ether-fi-staked-btcEther.fi Staked BTC (EBTC) $ 100,567.00
  • theta-fuelTheta Fuel (TFUEL) $ 0.090846
  • dexeDeXe (DEXE) $ 10.63
  • telcoinTelcoin (TEL) $ 0.007586
  • iotexIoTeX (IOTX) $ 0.062438
  • turboTurbo (TURBO) $ 0.008533

Bitcoin Price Consolidates Above $34K: What Could Trigger A Fresh Rally?

0 174

Bitcoin price consolidating above $34,500 and $34,000. BTC could start a fresh rally if it manages to clear the $35,350 resistance zone.

  • Bitcoin is still struggling to gain pace for a move above $35,250 and $35,350.
  • The price is trading near $34,850 and the 100 hourly Simple moving average.
  • There is a major contracting triangle forming with support near $34,250 on the hourly chart of the BTC/USD pair (data feed from Kraken).
  • The pair could gain bullish momentum if there is a clear move above the $35,350 resistance.

Bitcoin Price Stuck In Range

Bitcoin price remained in a range above the $34,000 support zone. BTC attempted a fresh increase above the $35,000 resistance zone. However, the bears remained active near $35,250 and $35,350.

The bulls made a few attempts to clear the $35,250 resistance but failed. A high was formed near $35,382 before the price started a downside correction. There was a move below the $35,000 level. The price even spiked below the 50% Fib retracement level of the upward move from the $34,133 swing low to the $35,382 high.

Bitcoin is now trading near $34,850 and the 100 hourly Simple moving average. There is also a major contracting triangle forming with support near $34,250 on the hourly chart of the BTC/USD pair. The triangle support is near the 76.4% Fib retracement level of the upward move from the $34,133 swing low to the $35,382 high.

On the upside, immediate resistance is near the $35,000 level. The next key resistance could be near $35,050 or the triangle upper trend line. A clear move above the $35,050 resistance might open the doors for a move toward the $35,250 resistance.

Bitcoin Price Consolidates Above $34K: What Could Trigger A Fresh Rally?

Source: BTCUSD on TradingView.com

The next key resistance could be $35,350, above which the price could rise toward $36,000. Any more gains might send BTC toward the $36,200 level.

More Losses In BTC?

If Bitcoin fails to rise above the $35,000 resistance zone, it could continue to move down. Immediate support on the downside is near the $34,600 low.

The next major support is near the $34,250 zone and the triangle lower trend line. If there is a move below $34,250, there is a risk of more downsides. In the stated case, the price could even drop below the $34,000 support level in the near term.

Technical indicators:

Hourly MACD – The MACD is now gaining pace in the bearish zone.

Hourly RSI (Relative Strength Index) – The RSI for BTC/USD is now below the 50 level.

Major Support Levels – $34,600, followed by $34,250.

Major Resistance Levels – $35,000, $35,250, and $35,350.

Source

Leave A Reply

Your email address will not be published.