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: Coinbase Confirms DOJ Investigation Following Major Security Incident
  • 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: Coinbase Confirms DOJ Investigation Following Major Security Incident

Bitcoin Seems Few Steps Away From A Picture Perfect Resistance Smashing

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 trading above the $9,600 and $9,500 levels against the US Dollar. BTC price is showing positive signs and it seems a few steps away from smashing the $10,000 resistance.

  • Bitcoin is trading nicely above the $9,600 and $9,560 support levels.
  • The price is likely to make another attempt to clear the $9,950 and $10,000 resistance levels.
  • There is a crucial bullish trend line forming with support near $9,590 on the hourly chart of the BTC/USD pair (data feed from Kraken).
  • The pair could either rally significantly above $10,000 or start a major slide below the $9,560 support.

Bitcoin Approaching Key Breakout

Bitcoin price is trading above a few important supports near the $9,560 and $9,500 levels against the US Dollar. BTC price seems to be trading inside a contracting range and it recently tested the $9,900 zone.

A high was formed near $9,901 before the price corrected lower. It traded below the $9,700, but the $9,600 area acted as support. A low is formed near $9,592 and the price is currently rising.

There was a break above the $9,650 and $9,700 levels. Bitcoin price traded above the 50% Fib retracement level of the recent decline from the $9,901 high to $9,592 low. On the upside, an initial hurdle is near the $9,780 level and a connecting bearish trend line on the hourly chart of the BTC/USD pair.

Bitcoin Price
Bitcoin Price

The 61.8% Fib retracement level of the recent decline from the $9,901 high to $9,592 low is also near $9,780. If there is a clear break above the trend line resistance and $9,800, the price could revisit the $9,950 and $10,000 resistance levels.

To start a significant upward move, the price must break the $9,950 and $10,000 resistance levels. If the bulls succeed, the next key resistance could be $10,500, above which the price might test $11,200.

Downside Reaction?

If bitcoin continue higher and struggles to clear the $9,950 and $10,000 resistance levels, there is a risk of a bearish reaction in the coming sessions.

On the downside, there is a crucial bullish trend line forming with support near $9,590 on the same chart. The main support is near the $9,560 level, below which the price might dive towards the $9,200 and $9,000 levels in the near term.

Technical indicators:

Hourly MACD – The MACD is about to move into the bullish zone.

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

Major Support Levels – $9,590 followed by $9,560.

Major Resistance Levels – $9,800, $9,950 and $10,000.

Tweet123Share196ShareSend
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

Trump

Trump Media Makes Moves On Bitcoin And Smartphone – What’s Next?

A new filing shows Trump Media & Technology Group moving into both crypto and telecom markets. The company behind Truth...

Christian Encila 5 hours ago

Hossa na rynku kryptowalut właśnie się zaczyna: najlepsze altcoiny do kupienia teraz

W miarę jak rynek kryptowalut daje coraz wyraźniejsze sygnały nadchodzącej hossy, inwestorzy coraz uważniej przyglądają się aktywom z największym potencjałem...

Zieliński Michał 7 hours ago

Solana ETF sú bližšie k schváleniu. Využite nárast SOL s týmto tokenom

Viaceré trhové ukazovatele naznačujú, že kryptomenu Solana čaká pozitívny vývoj. Rastúca aktivita na blockchaine, signály približujúce k schváleniu Solana ETF,...

Karol Paták 7 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 Holds Strong Despite Israel-Iran Tensions – Weekly Resistance Begins To Crack

Bitcoin Holds Strong Despite Israel-Iran Tensions – Weekly Resistance Begins To Crack

Sebastian Villafuerte 1 hour ago
Dogecoin

Dogecoin Sets The Stage For A Liftoff With Key Reversal Pattern

Godspower Owie 2 hours ago
Bitcoin

Rising Bitcoin Dominance Above 64% Dashes Hopes Of Altcoin Season, Here’s Why

Scott Matherson 4 hours ago

Premium Sponsors

Top Brands

Press Releases

  • Bull Run-ul Criptomonedelor a Început: Cele Mai Bune Altcoin-uri de Cumpărat Acum în România

    Bull Run-ul Criptomonedelor a Început: Cele Mai Bune...

    3 hours ago
  • Nova criptomonedă schimbă regulile jocului ca o alternativă posibilă la Bitcoin: „O adevărată inovație”

    Nova criptomonedă schimbă regulile jocului ca o...

    3 hours ago
  • LandDAO to Bring Land NFTs Backed by Real-World Assets...

    8 hours ago
  • 仮想通貨プレセール終了|SOLXの今後と初期投資家に訪れるチャンスとは?

    ...

    9 hours ago
  • 仮想通貨おすすめ|初期段階で注目される次世代プロジェクト3選

    ...

    9 hours ago

Newsletter

Be the first to get the latest important crypto news & events to your inbox.

  • This field is for validation purposes and should be left unchanged.

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.