NewsBTC
No Result
View All Result
  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play GamesTry
  • CasinosTry
Breaking News: LINK Price Climbs Following Chainlink's Deal With US Commerce Department, Eyes $30
  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play GamesTry
  • CasinosTry
Bitcoin News
No Result
View All Result
Breaking News: LINK Price Climbs Following Chainlink's Deal With US Commerce Department, Eyes $30

Bitcoin Price Analysis – Mid-Range Support Bounce?

newsbtc
newsbtc
1 year ago
2 mins read
bitcoin

Reason to trust

Strict editorial policy that focuses on accuracy, relevance, and impartiality
Created by industry experts and meticulously reviewed
The highest standards in reporting and publishing
How Our News is Made

Strict editorial policy that focuses on accuracy, relevance, and impartiality

Ad discliamer

Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio.

Bitcoin Price Key Highlights

  • Bitcoin price seems to be drawing support around the area of interest at the middle of its range.
  • Price previously broke below a short-term consolidation pattern to show that sellers have regained control.
  • There are still several nearby support zones that might pave the way for a bounce back to the highs.

Bitcoin price is stalling close to the mid-range area of interest, which happens to be bounded by a couple of Fib levels.

Technical Indicators Signals

The 100 SMA is below the longer-term 200 SMA so the path of least resistance is still to the downside. In other words, the selloff is more likely to continue than to reverse. However, the moving averages are also close to the 50% Fib and appear to be holding as dynamic inflection points at the moment.

Stochastic is heading up to show that buyers are regaining the upper hand. If so, bitcoin price could head back to the swing high near $2950 or even create new highs. However, stochastic is turning lower to signal that there’s some bearish pressure left for a deeper correction.

The 61.8% Fib is much closer to the former support and resistance area. A break below this level could leave room for a drop to the range support at $1850.

Market Factors

Bitcoin price lost its support from the previous week’s BIP 91 catalyst as other rival factions of the cryptocurrency are still pushing for their own versions. A lot could happen until the August 1 SegWit activation and the lack of consensus support could keep hard fork concerns in play.

However, the dollar is also on a weak footing as the FOMC didn’t seem eager to start the balance sheet run off or push for a rate hike in September. Instead, they toned down their inflation assessment and simply mentioned that the runoff would start “relatively soon.”

There’s not much in the way of top-tier US data other than the durable goods orders report but another weak read could further douse September tightening forecasts and push the dollar lower against Bitcoin price.

SaveSave

Tweet123Share196ShareSend
newsbtc
newsbtc

newsbtc

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Disclaimer: The information found on NewsBTC is for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.

Related News

bnb

BNB растет на фоне рыночной турбулентности, а инвесторы ищут новые возможности

Крипторынок – место, где каждую минуту что-то меняется. Пока одни активы падают, другие удивляют ростом, и именно такие истории привлекают...

daria 1 hour ago

Prevendita PepeNode: Cosa C’è da Sapere

La maggior parte delle prevendite di criptovalute offre solo periodi di attesa e speculazioni sul prezzo. PEPENODE trasforma l’esperienza di...

Orfeo Barone 1 hour ago
altcoin-season-debut-pour-solana-ethereum

Altcoin Season 2025 : que le début pour Solana et Ethereum ?

Il fallait que quelqu’un déclenche la bascule. L’Altcoin Season semble sur le point de battre son plein. Ethereum, un signal...

guillaumev 2 hours ago
Load More

Reason to trust

Strict editorial policy that focuses on accuracy, relevance, and impartiality
Created by industry experts and meticulously reviewed
The highest standards in reporting and publishing
How Our News is Made

Strict editorial policy that focuses on accuracy, relevance, and impartiality

Ad discliamer

Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio.

Related News

Bitcoin

Is The Bitcoin Price Bottom In? Here’s What Social Sentiment Says

Scott Matherson 54 minutes ago
WLFI token

WLFI выходит на Binance: что это значит для рынка

daria 1 hour ago
Trump coin

TRUMP Coin снова в центре внимания: почему цена мемкоина резко выросла

daria 1 hour ago

Premium Sponsors

Press Releases

  • アルトコインシーズンで急騰中の3つの注目トークン – 次の億万長者を生む可能性

    ...

    5 minutes ago
  • イーサリアム新高値に注目:買い時の売られすぎアルトコイン3選

    ...

    25 minutes ago
  • 2025年に急成長が期待されるミームコインの新星

    ...

    39 minutes ago
  • ビットコイン...

    1 hour ago
  • Arthur Hayes ujawnia 3 altcoiny na 100× do 2028 r.

    Arthur Hayes ujawnia 3 altcoiny na 100× do 2028 r.

    1 hour ago

Newsletter

About Us

NewsBTC is a cryptocurrency news service that covers bitcoin news today, technical analysis & forecasts for bitcoin price and other altcoins. Here at NewsBTC, we are dedicated to enlightening everyone about bitcoin and other cryptocurrencies.

We cover BTC news related to bitcoin exchanges, bitcoin mining and price forecasts for various cryptocurrencies.

Disclaimer: The information found on NewsBTC is for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.

Company

  • About Us
  • Advertising
  • Contact Us
  • Privacy Center

Social

© 2025 NewsBTC. All Rights Reserved.

  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play Games
  • Casinos
Advertise

© 2025 NewsBTC. All Rights Reserved.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy Center or Cookie Policy.