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 Price Is Forming Key Trend And Swift Rally Could Occur

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 price is moving higher above the $31,000 resistance. BTC could soon rally if there is a close above the $31,400 resistance zone.

  • Bitcoin is showing positive signs and trading above the $30,800 resistance zone.
  • The price is trading above $30,850 and the 100 hourly Simple moving average.
  • There is a major bullish trend line forming with support near $30,920 on the hourly chart of the BTC/USD pair (data feed from Kraken).
  • The pair could accelerate higher if it clears the $31,400 resistance zone.

Bitcoin Price Grinds Higher

Bitcoin price remained stable and settled above the $30,500 support. BTC started a steady increase and was able to climb above the $30,820 resistance zone.

The price even broke the $31,000 zone and retested the $31,400 resistance zone. A high is formed near $31,373 and the price is now consolidating gains. It is trading above the 23.6% Fib retracement level of the recent increase from the $30,192 swing low to the $31,373 high.

Bitcoin is now trading above $30,850 and the 100 hourly Simple moving average. There is also a major bullish trend line forming with support near $30,920 on the hourly chart of the BTC/USD pair.

Bitcoin Price

Source: BTCUSD on TradingView.com

Immediate resistance is near the $31,350 level. The first major resistance is near the $31,400 level, above which the price might start another strong increase. The next major resistance is near the $32,000 level. An upside break above the $32,000 resistance might send BTC toward $32,500. Any more gains could open the doors for a move toward the $33,200 resistance zone.

Are Dips Limited in BTC?

If Bitcoin’s price fails to clear the $31,400 resistance, it could start a downside correction. Immediate support on the downside is near the $31,000 level.

The next major support is near the $30,920 level and the trend line, below which there could be a drop toward the 50% Fib retracement level of the recent increase from the $30,192 swing low to the $31,373 high. Any more losses might send the price toward the $30,550 zone or the 100 hourly SMA in the near term.

Technical indicators:

Hourly MACD – The MACD is now losing pace in the bullish zone.

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

Major Support Levels – $31,000, followed by $30,920.

Major Resistance Levels – $31,350, $31,400, and $32,000.

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

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

Dogecoin price news

Dogecoin About To Explode? ‘Don’t Send It Too Hard,’ Analyst Warns

The news that Iran and Israel have agreed to a ceasefire brokered by US President Donald Trump may have marked...

Jake Simmons 1 hour ago
Ethereum Price at Risk of Downside Break

Is Ethereum Staging A Repeat Of 2021? Here’s Why A 200% Surge Could Follow

Ethereum saw a notable decline in its price over the last week, and the weekend culmination pulled the price back...

Scott Matherson 2 hours ago

Hormuza šauruma riski pieaug – BTC Bull Token piedāvā pastiprinātu iespēju ieguldīt Bitcoin kā droša patvēruma aktīvā, pirms-pārdošanas pēdējā nedēļa.

Pieaugošas ģeopolitiskās spriedzes Tuvo Austrumu reģionā dēļ situācija saasinās pēc tam, kad Irāna piedraudējusi bloķēt Hormuza šaurumu, reaģējot uz ASV...

lasma 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

Która kryptowaluta ma większe szanse uczynić cię milionerem

Która kryptowaluta ma większe szanse uczynić cię milionerem: Solana czy Ethereum?

Zieliński Michał 12 minutes ago

如何使用VPN爬牆進行網上賭博 中國玩家最喜歡哪些玩法和赚取紅利!

newsbtc 45 minutes ago
Ceasefire

Israel, Iran Ceasefire Ignites Crypto Surge As Bitcoin Tops $106,000—Details

Christian Encila 1 hour ago

Premium Sponsors

Press Releases

  • ビットコイン・ブル(Bitcoin Bull)は、現在の暗号通貨市場において最も注目すべき投資機会の一つです。

    Các Đồng Coin Tiềm Năng: BTC Bull Sắp Kết Thúc...

    53 seconds ago
  • Cryptocurrencies have become the best way to invest as the...

    8 hours ago
  • Global mining has no boundaries! ETHRANSACTION supports...

    11 hours ago
  • Dogecoin Mining’s New Era: How HashJ Cloud Mining Turns...

    13 hours ago
  • ico 仮想通貨注目!Solana価格急落でもSolaxy(SOLX)ico 仮想通貨プレセール残りわずか数時間

    ico...

    13 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.