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 (BTC) Price Watch: Trend Line Break and Correction

newsbtc
newsbtc
1 year ago
2 mins read
technical analysis 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 recently broke above a short-term descending trend line as an early reversal signal.
  • Price reached the $6,650 level then made a pullback to the broken resistance, which lines up with the Fibs.
  • Technical indicators also suggest a continuation of the reversal.

Bitcoin price broke above its descending trend line and is making a retest of this area before heading further north.

Technical Indicators Signals

The 100 SMA is still below the longer-term 200 SMA to indicate that the path of least resistance is to the downside. This indicates that the selloff is more likely to resume than to reverse. However, the gap between the two is narrowing to indicate that a bullish crossover may be due. Also, the 100 SMA appears to have held as dynamic support just above the broken trend line.

This also coincides with the 50% Fibonacci retracement level on the latest swing low and high. Holding as support could push bitcoin price back up to the swing high or higher. This could also lead to the completion of an inverse head and shoulders, which is a classic reversal signal. This chart pattern would be around $1,000 in height so the resulting rally could be of the same size.

RSI is on the move down, though, so there may still be some selling pressure left. This could lead to a deeper pullback to the 61.8% Fib or even a dip back to the lows. Stochastic is already indicating oversold conditions and could turn higher soon, possibly indicating a return in bullish pressure and a continuation of the reversal.

BTCUSD Chart from TradingView

Bitcoin price encountered another blow when Coinbase CEO Armstrong warned that it may take longer for mass adoption to take place. He explained:

This technology is going through a series of bubbles and corrections, and each time it does that, it’s at a new plateau. People’s expectations are all over the map, but real-world adoption has been going up.

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

Solana (SOL) a un Bivio — Rimbalzo Probabile se i 142$ Tengono

Solana ha avviato un nuovo calo e ha ritestato la zona di supporto a 145$. Il prezzo di SOL ora...

clararosati 2 hours ago
Bitcoin price news

Bitcoin Seasonality: Why Summer 2025 Will Catch Everyone Off Guard

A growing number of Bitcoin and crypto market participants have fallen victim to a dangerous assumption: that summer in the...

Jake Simmons 3 hours ago

Solaxy登陸MEXC及多家中心化交易所 24小時內暴漲127%!

Solana 生態首個 Layer-2 公鏈專案Solaxy (SOLX)在過去 24 小時內暴漲逾 127%,漲勢由其正式登陸全球頂級交易所之一 MEXC的消息引爆。 Solaxy 於上月完成超 5...

estherw 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

Public Firms Snag 131,000 BTC, Surpassing ETFs In Bitcoin Purchases

Ronaldo Marquez 4 minutes ago
한국, CBDC 공식 철회… 스테이블코인 급부상 속 베스트 월렛의 경쟁력 부각

한국, CBDC 잠정 보류… 스테이블코인 급부상 속 베스트 월렛의 경쟁력 부각

Soyeon Lee 9 minutes ago
Beste crypto ETF's 2025 - welke nieuwe ETF goedkeuringen komen deze zomer?

Beste crypto ETF’s 2025 – welke nieuwe ETF goedkeuringen komen deze zomer?

Lars Diederiksen 1 hour ago

Premium Sponsors

Press Releases

  • ミームコインプレセール急騰|SPX6900は11%下落も新星コインが注目集める

    ...

    7 minutes ago
  • 仮想通貨おすすめ|マイケル・セイラーのビットコイン購入が示す新たなBTC高値の兆候

    ...

    20 minutes ago
  • Hľadáte najlepšie kryptomeny na kúpu v roku 2025

    Hľadáte najlepšie kryptomeny na kúpu v roku 2025? Tu...

    32 minutes ago
  • Urgent Notice! ETHRANSACTION cloud mining revenue surges...

    2 hours ago
  • Fartcoin Đã Quá Trễ Để Mua Ở Mức Vốn Hóa $1...

    3 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.