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: Celsius Founder Alex Mashinsky Receives 12-Year Prison Sentence
  • 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: Celsius Founder Alex Mashinsky Receives 12-Year Prison Sentence

Bitcoin Reclaims $61,000: Key Levels To Watch For Continuous Surge

Samuel Edyme
Samuel Edyme
8 months ago
2 mins read
Bitcoin Reclaims $61k

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.

Este artículo también está disponible en español.

Bitcoin has recently shown signs of recovery, reclaiming the $61,000 level after a brief but sharp decline earlier this week. This bounce back in price has sparked renewed interest among the crypto community, with many closely watching for the next key moves in the market.

Particularly, this latest price action has led to various analyses, focusing on whether the asset can maintain its momentum and break through critical resistance levels that have previously hindered its progress.

Related Reading

Analyst Predicts Bitcoin Will Top Out By 2025, But At What Price Target?

Analyst Predicts Bitcoin Will Top Out By 2025, But At What Price Target?

8 months ago

The Path Forward: Key Levels To Watch

One prominent voice in the crypto community, Captain Faibik, shared his insights earlier today, emphasizing the importance of the $69,000 to $70,000 resistance zone. According to Faibik, Bitcoin has been consolidating within a ‘Descending Broadening Wedge’ for the past six months.

Descending Broadening Wedge pattern on Bitcoin chart.
Descending Broadening Wedge pattern on Bitcoin chart. | Source: Captain Faibik

This pattern is often seen as a precursor to a significant breakout, should the right conditions be met. Faibik pointed out that breaking through the $69,000 to $70,000 resistance level is crucial for the bulls, as previous attempts have failed to clear this barrier.

However, he remains optimistic, suggesting that this time might be different due to the weakening of the resistance. If Bitcoin can successfully break out of the Descending Broadening Wedge to the upside, Faibik believes that the top crypto could easily reach the $100,000 mark by the fourth quarter of this year.

However, despite this optimism, Faibik advises:

For now, leverage trading might not be ideal. If you’re a Bitcoin holder, it’s time to sit back and Relax, as the Bitcoin bull run is very close.

Bitcoin Gradual Recovery

At the time of writing, Bitcoin is trading at $60,112, reflecting a 4.1% increase over the past 24 hours. This marks a gradual recovery from the dip below $59,000 seen earlier this week. Despite this positive movement, Bitcoin remains down 1.8% over the past week, indicating that the market is still in a state of bearishness.

Bitcoin (BTC) price chart on TradingView
BTC price is moving sideways on the 2-hour chart. Source: BTC/USDT on TradingView.com

Another analyst, Crypto Feras, also weighed in on Bitcoin’s current price action, highlighting the importance of the $61,000 to $62,000 zone.

According to Crypto Fears, this region was a critical support level that needed to hold to maintain bullish momentum. However, as Bitcoin failed to hold this level, the market experienced a further decline.

Related Reading

Bitcoin's August Candle Hints at Major Reversal

Bitcoin’s August Candle Hints at Major Reversal—Are Bulls About to Take Over?

8 months ago

The analyst noted that while Bitcoin is currently bouncing back, reclaiming the $61,000 to $62,000 zone and the 200-day Exponential Moving Average (EMA) is crucial for a sustained recovery. Failure to do so could result in another leg down, making the $61,500 zone a key area to watch in the coming days.

Featured image created with DALL-E, Chart from TradingView

Tweet123Share196ShareSend
Samuel Edyme
Samuel Edyme

Samuel Edyme

Meet Samuel Edyme, Nickname - HIM-buktu. A web3 content writer, journalist, and aspiring trader, Edyme is as versatile as they come. With a knack for words and a nose for trends, he has penned pieces for numerous industry player, including AMBCrypto, Blockchain.News, and Blockchain Reporter, among others.

Read more

Edyme’s foray into the crypto universe is nothing short of cinematic. His journey began not with a triumphant investment, but with a scam. Yes, a Ponzi scheme that used crypto as payment roped him in. Rather than retreating, he emerged wiser and more determined, channeling his experience into over three years of insightful market analysis.

Before becoming the voice of reason in the crypto space, Edyme was the quintessential crypto degen. He aped into anything that promised a quick buck, anything ape-able, learning the ropes the hard way. These hands-on experience through major market events—like the Terra Luna crash, the wave of bankruptcies in crypto firms, the notorious FTX collapse, and even CZ’s arrest—has honed his keen sense of market dynamics.

When he isn’t crafting engaging crypto content, you’ll find Edyme backtesting charts, studying both forex and synthetic indices. His dedication to mastering the art of trading is as relentless as his pursuit of the next big story. Away from his screens, he can be found in the gym, airpods in, working out and listening to his favorite artist, NF. Or maybe he’s catching some Z’s or scrolling through Elon Musk’s very own X platform—(oops, another screen activity, my bad…)

Well, being an introvert, Edyme thrives in the digital realm, preferring online interaction over offline encounters—(don’t judge, that’s just how he is built). His determination is quite unwavering to be honest, and he embodies the philosophy of continuous improvement, or “kaizen,” striving to be 1% better every day. His mantras, “God knows best” and “Everything is still on track,” reflect his resilient outlook and how he lives his life.

In a nutshell, Samuel Edyme was born efficient, driven by ambition, and perhaps a touch fierce. He’s neither artistic nor unrealistic, and certainly not chauvinistic. Think of him as Bruce Willis in a train wreck—unflappable. Edyme is like trading in your car for a jet—bold. He’s the guy who’d ask his boss for a pay cut just to prove a point—(uhhh…). He is like watching your kid take his first steps. Imagine Bill Gates struggling with rent—okay, maybe that’s a stretch, but you get the idea, yeah. Unbelievable? Yes. Inconceivable? Perhaps.

Edyme sees himself as a fairly reasonable guy, albeit a bit stubborn. Normal to you is not to him. He is not the one to take the easy road, and why would he? That’s just not the way he roll. He has these favorite lyrics from NF’s “Clouds” that resonate deeply with him: “What you think's probably unfeasible, I've done already a hundredfold.”

PS—Edyme is HIM. HIM-buktu. Him-mulation. Him-Kardashian. Himon and Pumba. He even had his DNA tested, and guess what? He’s 100% Him-alayan. Screw it, he ate the opp.

Close

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

Bitcoin Whale Entry Prices Diverge Sharply – Confidence Builds At Higher Levels

Bitcoin Whale Entry Prices Diverge Sharply – Confidence Builds At Higher Levels

Bitcoin has surged to $104,300, confirming the uptrend and reinforcing the bullish outlook that many analysts projected for 2025. This...

Sebastian Villafuerte 4 hours ago
Bitcoin news Scaramucci

Sovereigns Are Buying Billions Of Bitcoin, Says Anthony Scaramucci

Bitcoin blasted back through the psychologically charged $100,000 threshold for only the second time in its 16-year history, reclaiming a...

Jake Simmons 7 hours ago
Bitcoin

Bitcoin’s Grip Loosens: Market Expert Says Dominance Has Hit Its Ceiling

Raoul Pal, Real Vision founder and prominent trading name, stated on Wednesday that the dominance of Bitcoin may have topped...

Christian Encila 13 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 Reaches $103K as Funding Rate Turns Positive Post-Liquidations

Bitcoin Reaches $103K as Funding Rate Turns Positive Post-Liquidations

Samuel Edyme 35 minutes ago
Bitcoin Whales

New Bitcoin Whales Sitting On 185% Higher Cost Basis Than HODLer Whales, Data Shows

Keshav Verma 1 hour ago
Bitcoin

Tech Expert Predicts $1 Million Bitcoin — ‘Only One More 10x Left’

Christian Encila 2 hours ago

Premium Sponsors

Top Brands

Press Releases

  • BTC breaks through $100,000 again – SIX MINING users...

    10 hours ago
  • HJB Miner: High-return AI mining, earning huge profits

    12 hours ago
  • Gate.io Releases Latest Proof of Reserves Report: Total...

    12 hours ago
  • From Zero to $100K: How Average XRP Investors Are Making...

    15 hours ago
  • Analysis of The Top 7 Cloud Mining Sites in 2025; Earn Over...

    15 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.