• bitcoinBitcoin (BTC) $ 38,213.00
  • ethereumEthereum (ETH) $ 2,063.42
  • tetherTether (USDT) $ 1.00
  • bnbBNB (BNB) $ 230.33
  • xrpXRP (XRP) $ 0.614520
  • solanaSolana (SOL) $ 60.97
  • usd-coinUSDC (USDC) $ 0.998309
  • staked-etherLido Staked Ether (STETH) $ 2,064.90
  • cardanoCardano (ADA) $ 0.386466
  • dogecoinDogecoin (DOGE) $ 0.080408
  • tronTRON (TRX) $ 0.103658
  • the-open-networkToncoin (TON) $ 2.42
  • chainlinkChainlink (LINK) $ 14.85
  • avalanche-2Avalanche (AVAX) $ 21.23
  • matic-networkPolygon (MATIC) $ 0.762350
  • polkadotPolkadot (DOT) $ 5.32
  • wrapped-bitcoinWrapped Bitcoin (WBTC) $ 38,213.00
  • daiDai (DAI) $ 0.996532
  • litecoinLitecoin (LTC) $ 70.14
  • shiba-inuShiba Inu (SHIB) $ 0.000008
  • uniswapUniswap (UNI) $ 6.28
  • bitcoin-cashBitcoin Cash (BCH) $ 225.86
  • leo-tokenLEO Token (LEO) $ 3.87
  • okbOKB (OKB) $ 57.13
  • stellarStellar (XLM) $ 0.119041
  • true-usdTrueUSD (TUSD) $ 0.997558
  • moneroMonero (XMR) $ 166.81
  • kaspaKaspa (KAS) $ 0.133089
  • ethereum-classicEthereum Classic (ETC) $ 18.94
  • cosmosCosmos Hub (ATOM) $ 9.25
  • crypto-com-chainCronos (CRO) $ 0.092419
  • filecoinFilecoin (FIL) $ 4.56
  • internet-computerInternet Computer (ICP) $ 4.61
  • lido-daoLido DAO (LDO) $ 2.31
  • hedera-hashgraphHedera (HBAR) $ 0.060507
  • aptosAptos (APT) $ 7.10
  • thorchainTHORChain (RUNE) $ 6.30
  • nearNEAR Protocol (NEAR) $ 1.87
  • binance-usdBUSD (BUSD) $ 1.00
  • immutable-xImmutable (IMX) $ 1.30
  • mantleMantle (MNT) $ 0.520279
  • vechainVeChain (VET) $ 0.021619
  • optimismOptimism (OP) $ 1.70
  • bittensorBittensor (TAO) $ 256.20
  • quant-networkQuant (QNT) $ 99.13
  • injective-protocolInjective (INJ) $ 17.04
  • aaveAave (AAVE) $ 97.81
  • the-graphThe Graph (GRT) $ 0.149994
  • makerMaker (MKR) $ 1,518.74
  • arbitrumArbitrum (ARB) $ 1.02
  • render-tokenRender (RNDR) $ 3.31
  • rocket-pool-ethRocket Pool ETH (RETH) $ 2,258.69
  • elrond-erd-2MultiversX (EGLD) $ 44.22
  • havvenSynthetix Network (SNX) $ 3.43
  • blockstackStacks (STX) $ 0.768020
  • algorandAlgorand (ALGO) $ 0.132378
  • flowFlow (FLOW) $ 0.668233
  • theta-tokenTheta Network (THETA) $ 0.965377
  • celestiaCelestia (TIA) $ 6.38
  • bitcoin-svBitcoin SV (BSV) $ 47.39
  • fantomFantom (FTM) $ 0.316752
  • axie-infinityAxie Infinity (AXS) $ 6.66
  • the-sandboxThe Sandbox (SAND) $ 0.414082
  • decentralandDecentraland (MANA) $ 0.440824
  • kucoin-sharesKuCoin (KCS) $ 8.08
  • whitebitWhiteBIT Coin (WBT) $ 5.39
  • neoNEO (NEO) $ 11.02
  • first-digital-usdFirst Digital USD (FDUSD) $ 0.998636
  • eosEOS (EOS) $ 0.682435
  • bitget-tokenBitget Token (BGB) $ 0.544481
  • galaGALA (GALA) $ 0.026380
  • kavaKava (KAVA) $ 0.766954
  • mina-protocolMina Protocol (MINA) $ 0.730749
  • tezosTezos (XTZ) $ 0.820804
  • usddUSDD (USDD) $ 1.00
  • terra-lunaTerra Luna Classic (LUNC) $ 0.000121
  • xdce-crowd-saleXDC Network (XDC) $ 0.049038
  • illuviumIlluvium (ILV) $ 112.34
  • fraxFrax (FRAX) $ 0.999148
  • wemix-tokenWEMIX (WEMIX) $ 2.02
  • klay-tokenKlaytn (KLAY) $ 0.198727
  • pyth-networkPyth Network (PYTH) $ 0.431582
  • frax-etherFrax Ether (FRXETH) $ 2,065.56
  • tokenize-xchangeTokenize Xchange (TKX) $ 7.60
  • suiSui (SUI) $ 0.611032
  • apecoinApeCoin (APE) $ 1.60
  • cheeleeCheelee (CHEEL) $ 10.93
  • blurBlur (BLUR) $ 0.525429
  • gatechain-tokenGate (GT) $ 4.26
  • dydxdYdX (ETHDYDX) $ 3.20
  • ecasheCash (XEC) $ 0.000029
  • fetch-aiFetch.ai (FET) $ 0.537293
  • rocket-poolRocket Pool (RPL) $ 27.65
  • frax-shareFrax Share (FXS) $ 7.14
  • iotaIOTA (IOTA) $ 0.175233
  • conflux-tokenConflux (CFX) $ 0.154209
  • radixRadix (XRD) $ 0.051014
  • gasGas (GAS) $ 8.09
  • curve-dao-tokenCurve DAO (CRV) $ 0.567306
  • pancakeswap-tokenPancakeSwap (CAKE) $ 2.24
  • arweaveArweave (AR) $ 7.96
  • rollbit-coinRollbit Coin (RLB) $ 0.166909
  • sei-networkSei (SEI) $ 0.284845
  • chilizChiliz (CHZ) $ 0.073342
  • terrausdTerraClassicUSD (USTC) $ 0.056106
  • tether-goldTether Gold (XAUT) $ 2,037.78
  • gnosisGnosis (GNO) $ 192.52
  • compound-ethercETH (CETH) $ 41.49
  • terra-luna-2Terra (LUNA) $ 0.800714
  • trust-wallet-tokenTrust Wallet (TWT) $ 1.13
  • pax-goldPAX Gold (PAXG) $ 2,018.67
  • staked-frax-etherStaked Frax Ether (SFRXETH) $ 2,201.71
  • pepePepe (PEPE) $ 0.000001
  • gmxGMX (GMX) $ 49.77
  • huobi-tokenHuobi (HT) $ 2.87
  • compound-wrapped-btccWBTC (CWBTC) $ 767.93
  • paxos-standardPax Dollar (USDP) $ 0.999055
  • ordinalsORDI (ORDI) $ 21.26
  • bittorrentBitTorrent (BTT) $ 0.00000046
  • oasis-networkOasis Network (ROSE) $ 0.086071
  • coinbase-wrapped-staked-ethCoinbase Wrapped Staked ETH (CBETH) $ 2,177.97
  • kujiraKujira (KUJI) $ 3.48
  • heliumHelium (HNT) $ 2.94
  • beam-2Beam (BEAM) $ 0.009370
  • osmosisOsmosis (OSMO) $ 0.667561
  • zcashZcash (ZEC) $ 29.00
  • nexoNEXO (NEXO) $ 0.745321
  • woo-networkWOO Network (WOO) $ 0.221203
  • stepnSTEPN (GMT) $ 0.280928
  • akash-networkAkash Network (AKT) $ 1.76
  • singularitynetSingularityNET (AGIX) $ 0.307238
  • msolMarinade staked SOL (MSOL) $ 70.21
  • casper-networkCasper Network (CSPR) $ 0.032595
  • huobi-btcHuobi BTC (HBTC) $ 41,076.00
  • zilliqaZilliqa (ZIL) $ 0.020803
  • axelarAxelar (AXL) $ 0.741796
  • astarAstar (ASTR) $ 0.066903
  • aleph-zeroAleph Zero (AZERO) $ 1.42
  • 1inch1inch (1INCH) $ 0.340792
  • compound-governance-tokenCompound (COMP) $ 51.50
  • dashDash (DASH) $ 30.15
  • flare-networksFlare (FLR) $ 0.012042
  • 0x0x Protocol (ZRX) $ 0.394193
  • nemNEM (XEM) $ 0.035846
  • qtumQtum (QTUM) $ 3.06
  • apenftAPENFT (NFT) $ 0.00000032
  • flokiFLOKI (FLOKI) $ 0.000032
  • basic-attention-tokenBasic Attention (BAT) $ 0.213572
  • ethereum-pow-iouEthereumPoW (ETHW) $ 2.88
  • roninRonin (RON) $ 1.10
  • worldcoin-wldWorldcoin (WLD) $ 2.56
  • mx-tokenMX (MX) $ 2.97
  • convex-financeConvex Finance (CVX) $ 3.64
  • ribbon-financeRibbon Finance (RBN) $ 0.344226
  • enjincoinEnjin Coin (ENJ) $ 0.288647
  • bitcoin-goldBitcoin Gold (BTG) $ 16.32
  • holotokenHolo (HOT) $ 0.001589
  • mask-networkMask Network (MASK) $ 3.43
  • yearn-financeyearn.finance (YFI) $ 8,353.21
  • justJUST (JST) $ 0.031072
  • celoCelo (CELO) $ 0.530809
  • theta-fuelTheta Fuel (TFUEL) $ 0.042849
  • lido-staked-solLido Staked SOL (STSOL) $ 69.94
  • bonkBonk (BONK) $ 0.000004
  • loopringLoopring (LRC) $ 0.217382
  • safepalSafePal (SFP) $ 0.640188
  • beldexBeldex (BDX) $ 0.044285
  • nxmNexus Mutual (NXM) $ 41.48
  • ethereum-name-serviceEthereum Name Service (ENS) $ 8.56
  • wrapped-centrifugeWrapped Centrifuge (WCFG) $ 0.692790
  • centrifugeCentrifuge (CFG) $ 0.692315
  • fasttokenFasttoken (FTN) $ 1.21
  • oec-tokenOKT Chain (OKT) $ 13.75
  • ankrAnkr Network (ANKR) $ 0.024204
  • echelon-primeEchelon Prime (PRIME) $ 8.43
  • jasmycoinJasmyCoin (JASMY) $ 0.004969
  • iconICON (ICX) $ 0.246513
  • golemGolem (GLM) $ 0.239602
  • tominettomiNet (TOMI) $ 2.75
  • sushiSushi (SUSHI) $ 1.23
  • siacoinSiacoin (SC) $ 0.004603
  • corgiaiCorgiAI (CORGIAI) $ 0.000847
  • chiaChia (XCH) $ 25.58
  • iotexIoTeX (IOTX) $ 0.024357
  • escoin-tokenEscoin (ELG) $ 1.02
  • ravencoinRavencoin (RVN) $ 0.019018
  • decredDecred (DCR) $ 14.34
  • kusamaKusama (KSM) $ 24.73
  • audiusAudius (AUDIO) $ 0.189573
  • lukso-token-2LUKSO (LYX) $ 6.49
  • aelfaelf (ELF) $ 0.471431
  • skaleSKALE (SKL) $ 0.043159
  • memecoin-2Memecoin (MEME) $ 0.027972
  • moonbeamMoonbeam (GLMR) $ 0.267384
  • wavesWaves (WAVES) $ 2.12
  • linkFINSCHIA (FNSA) $ 28.55
  • defichainDeFiChain (DFI) $ 0.250975
  • aragonAragon (ANT) $ 5.25
  • waxWAX (WAXP) $ 0.060761
  • cantoCANTO (CANTO) $ 0.369911

Bitcoin Price Hints At Potential Correction, But Can BTC Clear This Hurdle?

0 37

Bitcoin price started an upside correction from the $26,550 zone. BTC is rising and facing a strong resistance near the $27,300 and $27,500 levels.

  • Bitcoin managed to recover above the $27,000 resistance zone.
  • The price is trading above $27,000 and the 100 hourly Simple moving average.
  • There was a break above a major bearish trend line with resistance near $27,000 on the hourly chart of the BTC/USD pair (data feed from Kraken).
  • The pair is showing signs of a recovery, but it could struggle near $27,300 and $27,500.

Bitcoin Price Attempts Fresh Recovery

Bitcoin price found support near the $26,550 level. BTC bears attempted to clear $26,550, but they failed. As a result, the price started an upside correction above the $26,800 resistance.

There was a move above the 23.6% Fib retracement level of the downward move from the $28,285 swing high to the $26,550 low. Besides, there was a break above a major bearish trend line with resistance near $27,000 on the hourly chart of the BTC/USD pair.

Bitcoin is now trading above $27,000 and the 100 hourly Simple moving average. It seems like the price is facing a strong resistance near the $27,300 level.

The next key resistance could be near $27,500 or the 61.8% Fib retracement level of the downward move from the $28,285 swing high to the $26,550 low. A clear move above the $27,500 and $27,650 resistance levels could set the pace for a larger increase.

Bitcoin Price Hints At Potential Correction, But Can BTC Clear This Hurdle?

Source: BTCUSD on TradingView.com

The next key resistance could be $28,000. A close above the $28,000 resistance might start a steady increase toward the $28,500 level. Any more gains might send BTC toward the $29,200 level.

Another Decline In BTC?

If Bitcoin fails to recover higher above the $27,500 resistance, there could be a fresh decline. Immediate support on the downside is near the $27,000 level and the trend line zone.

The next major support is near the $26,900 level and the 100 hourly Simple moving average. A downside break and close below the $26,900 support might send the price further lower. The next support sits at $26,550.

Technical indicators:

Hourly MACD – The MACD is now losing pace in the bullish zone.

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

Major Support Levels – $27,000, followed by $26,900.

Major Resistance Levels – $27,300, $27,500, and $27,650.

Source

Leave A Reply

Your email address will not be published.