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: Binance Founder Suggests President Trump Could Be Satoshi Nakamoto In Latest Statement
  • 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: Binance Founder Suggests President Trump Could Be Satoshi Nakamoto In Latest Statement

Bitcoin (BTC) Price Watch: Look Out for a Wedge Breakout

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 is consolidating inside a rising wedge and is nearing the peak of the pattern.
  • Price could break out of the formation anytime soon, signaling which direction a longer-term move might go.
  • Technical indicators are giving mixed signals in terms of bullish or bearish presence.

Bitcoin price is consolidating inside a rising wedge formation as it awaits directional clues for a longer-term move.

Technical Indicators Signals

The 100 SMA is above the longer-term 200 SMA to indicate that the path of least resistance is to the upside. This means that the uptrend is more likely to resume than to reverse. These are also near the wedge support to add to its strength as a floor.

However, RSI seems to be heading lower to indicate that selling pressure is returning, even though the oscillator didn’t reach overbought levels on its latest climb. Stochastic is also turning lower without hitting overbought territory to signal that sellers are eager to return.

BTCUSD Chart from TradingView

Market Factors

Bitcoin regained ground late last week when the SEC announced their plans to review their decision to reject several bitcoin ETF applications. In their notice, they cited potential price manipulation and fraud in cryptocurrency markets as reason to reject the proposed rule changes but might still be open for more comments.

This could also keep hopes up for the next set of bitcoin ETF application decision due later next month. Any indication that the regulator might be ready to approve these proposals would bring strong gains for bitcoin and its peers in anticipation of stronger liquidity and even more securities tied to the market.

Of course any major changes in market sentiment could also lead to big swings, especially as volatility is expected to return after the US Labor Day holiday.

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

Altcoins, Solana, pump.fun

PUMP Rallies 10% Following Pump.Fun’s Acquisition Of Trading Terminal Padre

Pump.fun announced the acquisition of a leading multi-chain trading terminal to further expand its ecosystem, triggering a 10% price surge...

Rubmar Garcia 6 hours ago
dogecoin_doge_dogeusd_5_optimized

Dogecoin Faces Heavy Selling Pressure but Technical Setup Hints at Possible $1 Surge

The popular meme-coin Dogecoin (DOGE) is under mounting stress after a 30 % drop from its September highs, yet a...

James Halver 8 hours ago
cardano ada adausd (2)

Cardano Gears Up for Major Rally as Technicals Flash Buy Signal and Traders Eye $2.50 Target

Cardano (ADA) appears to be preparing for a major rally, as bullish technical signals and network milestones spark renewed optimism...

James Halver 10 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

Dogecoin

Dogecoin Price Macro Target Remains Above $2, And The Market Crash Hasn’t Changed It

Scott Matherson 34 minutes ago

Is The Ethereum Bull Cycle Over? Analyst Identifies Potential ‘Double Top’ Pattern

Opeyemi Sule 2 hours ago
Ethereum Shows Strength

Why November Might Be A Game-Changer For The Ethereum Price

Scott Matherson 5 hours ago

Premium Sponsors

Press Releases

  • イーサリアム 今後 の価格見通し:ETF資金流入が加速、10月に再上昇の兆しか

    イーサリアム 今後...

    1 day ago
  • ビットコイン 今後 を巡る論争:CZとピーター・シフが「トークン化ゴールド」で激突

    ビットコイン 今後...

    1 day ago
  • シバコイン 今後 の展望:眠れるコインが爆発的上昇を見せる可能性

    シバコイン 今後...

    1 day ago
  • パイネットワーク 価格 の行方:不透明な市場の中で新興プロジェクトが急伸

    パイネットワーク 価格...

    1 day ago
  • ドージコイン 今後 の展望:0.205ドルの抵抗線を突破か、新興ミームトークンが急騰予測

    ドージコイン 今後...

    1 day 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.