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: WLFI Price Dips 7% As Eric Trump Leaves World Liberty Treasury Company ALT5 Sigma
  • 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: WLFI Price Dips 7% As Eric Trump Leaves World Liberty Treasury Company ALT5 Sigma

Here’s Why Bitcoin Bulls Aim Larger Rally Above $7K In Near Term

Aayush Jindal
Aayush Jindal
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 is gaining momentum and it is trading above the $6,500 support against the US Dollar. BTC price is likely to continue higher towards $7,000 and $7,200 in the coming sessions.

  • Bitcoin is showing a few positive signs above the $7,500 and $7,400 support levels against the US Dollar.
  • The price could grind higher towards $7,000 or even $7,500 if it clears the $6,800 resistance.
  • There is a major bullish trend line forming with support near $6,120 on the hourly chart of the BTC/USD pair (data feed from Kraken).
  • The pair remains well supported on the downside near $6,320 and $6,100.

Bitcoin Remains Supported

After a successful break above the $6,500 resistance, bitcoin extended its rise above $6,700 against the US Dollar. BTC price broke the $6,800 resistance and settled above the 100 hourly simple moving average.

A high is formed near $6,880 and the price is currently correcting lower. It tested the 23.6% Fib retracement level of the recent upward move from the $5,752 low to $6,880 high.

On the downside, there are many supports, starting with the $6,500 area. The next major support is seen near the $6,520 level. It is close to the 50% Fib retracement level of the recent upward move from the $5,752 low to $6,880 high.

More importantly, there is a major bullish trend line forming with support near $6,120 on the hourly chart of the BTC/USD pair. If bitcoin pair starts a major downside correction, the $6,320 and $6,120 levels are likely to act as strong supports in the near term.

Bitcoin Price
Bitcoin Price

Any further losses below $6,120 may perhaps put a lot of pressure on the bulls. The next major support is near the $5,800 and $5,780 levels.

More Upsides?

On the upside, an initial resistance is near the $6,800 area. If bitcoin climbs nicely above the $6,800 and $6,820 resistance levels, there are chances of a sustained upward move.

The next key resistance is near the $7,000 level, above which the price is likely to rise towards the $7,200. Any further upsides may perhaps lead the price towards the $7,500 and $7,550 resistance levels in the near term.

Technical indicators:

Hourly MACD – The MACD is slowly gaining momentum in the bullish zone.

Hourly RSI (Relative Strength Index) – The RSI for BTC/USD is currently rising and it is approaching the 60 level.

Major Support Levels – $6,500 followed by $6,320.

Major Resistance Levels – $6,800, $7,000 and $7,200.

Tweet123Share215ShareSend
Aayush Jindal
Aayush Jindal

Aayush Jindal

Aayush Jindal, a luminary in the world of financial markets, whose expertise spans over 15 illustrious years in the realms of Forex and cryptocurrency trading. Renowned for his unparalleled proficiency in providing technical analysis, Aayush is a trusted advisor and senior market expert to investors worldwide, guiding them through the intricate landscapes of modern finance with his keen insights and astute chart analysis.

Read more

From a young age, Aayush exhibited a natural aptitude for deciphering complex systems and unraveling patterns. Fueled by an insatiable curiosity for understanding market dynamics, he embarked on a journey that would lead him to become one of the foremost authorities in the fields of Forex and crypto trading. With a meticulous eye for detail and an unwavering commitment to excellence, Aayush honed his craft over the years, mastering the art of technical analysis and chart interpretation.
As a software engineer, Aayush harnesses the power of technology to optimize trading strategies and develop innovative solutions for navigating the volatile waters of financial markets. His background in software engineering has equipped him with a unique skill set, enabling him to leverage cutting-edge tools and algorithms to gain a competitive edge in an ever-evolving landscape.

In addition to his roles in finance and technology, Aayush serves as the director of a prestigious IT company, where he spearheads initiatives aimed at driving digital innovation and transformation. Under his visionary leadership, the company has flourished, cementing its position as a leader in the tech industry and paving the way for groundbreaking advancements in software development and IT solutions.

Despite his demanding professional commitments, Aayush is a firm believer in the importance of work-life balance. An avid traveler and adventurer, he finds solace in exploring new destinations, immersing himself in different cultures, and forging lasting memories along the way. Whether he's trekking through the Himalayas, diving in the azure waters of the Maldives, or experiencing the vibrant energy of bustling metropolises, Aayush embraces every opportunity to broaden his horizons and create unforgettable experiences.

Aayush's journey to success is marked by a relentless pursuit of excellence and a steadfast commitment to continuous learning and growth. His academic achievements are a testament to his dedication and passion for excellence, having completed his software engineering with honors and excelling in every department.

At his core, Aayush is driven by a profound passion for analyzing markets and uncovering profitable opportunities amidst volatility. Whether he's poring over price charts, identifying key support and resistance levels, or providing insightful analysis to his clients and followers, Aayush's unwavering dedication to his craft sets him apart as a true industry leader and a beacon of inspiration to aspiring traders around the globe.

In a world where uncertainty reigns supreme, Aayush Jindal stands as a guiding light, illuminating the path to financial success with his unparalleled expertise, unwavering integrity, and boundless enthusiasm for the markets.

Close

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

биткоин и давление

Bitcoin балансирует между $110K и $113K

Рынок Bitcoin вновь оказался в критической точке после нескольких дней консолидированной торговли вокруг отметки $110 000. Быки пытаются удержать этот...

daria 2 hours ago
SEC pakt Chinese pump and dump schemes aan - gevolgen voor crypto markt

SEC pakt Chinese pump and dump schemes aan – gevolgen voor crypto markt

De Amerikaanse SEC richt zich op bedrijven die gelinkt zijn aan Chinese pump and dump schemes. Deze actie raakt direct...

Lars Diederiksen 2 hours ago
Asset Entities Merges with Strive to Form $1.5B Bitcoin Treasury – Why Bitcoin Hyper Could Soar Next

Asset Entities Merges with Strive to Form $1.5B Bitcoin Treasury – Why Bitcoin Hyper Could Soar Next

Asset Entities shareholders have approved a merger with Bitcoin asset management company Strive Enterprises to create a new enterprise named...

Aaron Walker 3 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

Ethereum Network Activity Heats Up As Fees Hit $1.4M In 24H

Ethereum Network Activity Heats Up As Fees Hit $1.4M In 24H

Sebastian Villafuerte 27 minutes ago
仮想通貨おすすめ:XRP調整局面で新興BTCレイヤー2が注目集める

XRP Influencer Addresses Rumors Of Apple’s $1.5 Billion Buy, What’s The Truth?

Sandra White 1 hour ago
Dogecoin vystrelil o 14 % dogecoin ETF

Dogecoin vystrelil o 14 % po správe o prvých ETF. Meme coiny vstupujú do novej éry

Nina Šefčíková 2 hours ago

Premium Sponsors

Press Releases

  • Primul Meme Coin „Mine-to-Earn” PepeNode strânge 4,2 milioane RON în presale – 7 ore rămase în etapa de finanțare

    Primul Meme Coin „Mine-to-Earn” PepeNode strânge 4,2...

    33 minutes ago
  • Achizițiile instituționale de Bitcoin se usucă, în timp ce cel mai rapid Layer-2 pe Bitcoin, Bitcoin Hyper (HYPER), atinge 67,7 milioane RON în presale

    Achizițiile instituționale de Bitcoin se usucă, în timp...

    43 minutes ago
  • Prvá ťažiarska meme minca na zárobok PepeNode získala 900 000 USD v predpredaji – do konca fázy financovania zostáva 7 hodín

    Prvá ťažiarska meme minca na zárobok PepeNode získala...

    3 hours ago
  • ドージコイン 今後の価格予測:投資家はまだ億り人になれるのか?

    ドージコイン...

    3 hours ago
  • リップル 今後の価格予測:XRP ETF承認は間近か

    リップル 今後の価格予測:XRP...

    3 hours 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.