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: Crypto Bulls Rejoice: Congresswoman Confirms Powell’s Imminent Firing
  • 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: Crypto Bulls Rejoice: Congresswoman Confirms Powell’s Imminent Firing

Bitcoin Price Needs To Hover Over These 2 Levels To Gain Momentum

anushsamal
anushsamal
2 years ago
2 mins read
Bitcoin Price

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 continues to face strong resistance at the $17,000 price ceiling. Over the last 24 hours, Bitcoin lost 2% of its market value. In the past week, BTC has hovered around the same price region. The King Coin has not touched the $17,000 price resistance band in more than two weeks.

At the moment, Bitcoin has a bearish bias. The technical outlook pointed towards the buying strength losing steam. It is, however, too early to predict when BTC will bottom out, which could mean that this consolidation phase will be extended.

The price of Bitcoin has been extremely volatile throughout November. BTC witnessed a fall from $21,000 to $15,500 during the first week of this month. The coin had again visited these lows in the past week. After touching the lows again, BTC regained some of its lost value and traded at $16,500. BTC is yet to breach two vital price levels for the bulls to take charge in the market.

Related Reading

Litecoin Price

Litecoin Price Registers Bearish Divergence, What’s Incoming?

2 years ago

Bitcoin Price Analysis: One-Day Chart

Bitcoin Price
Bitcoin was priced at $16,200 on the one-day chart | Source: BTCUSD on TradingView

BTC was trading at $16,200 at the time of writing. The bulls have tried to break past the $17k mark but have met with rejection each time. The constant rejection has halted the further upward movement of the coin as it ascended from $15,500 to $16,800.

The immediate resistance mark for Bitcoin remained at $16,600. In a shorter time frame, Bitcoin has been forming a constriction pattern. If Bitcoin continues to face rejection at the $17,000 mark, it will fall through the $15,500 level and trade close to the $14,000 price. The two important levels for Bitcoin stand at $16,600 and $17,000, respectively.

Technical Analysis

Bitcoin Price
Bitcoin registered a decline in buying strength on the one-day chart | Source: BTCUSD on TradingView

BTC has depicted a fall in buyers on the daily chart. The Relative Strength Index was below the 40-mark, indicating that the coin was in the grasp of the bears. It indicated that sellers were more than buyers.

The Bitcoin price was below the 20-Simple Moving Average, which highlighted selling strength and showed that sellers were driving the price momentum in the market. If BTC breaches the $17,000 level, it remains important for the coin to trade above the $17,200 level; failing to do that, the price action can quickly reverse.

Bitcoin Price
Bitcoin depicted a buy signal on the one-day chart | Source: BTCUSD on TradingView

BTC has slowly started to form a buy signal on its one-day chart. This indicates that Bitcoin might try to reclaim the $17,000 mark if buyers act on it.

The Moving Average Convergence Divergence underwent a bullish crossover and formed green signal bars corresponding to the buy signal. Bollinger Bands depict price fluctuation and volatility, the bands were narrowed in anticipation of further price movement constriction in the shorter-time frame.

Related Reading

Ethereum

Ethereum Tries To Keep Luster As ETH Moves To Narrower Trading Range

2 years ago
 Featured image from Unsplash, Chart: TradingView.com
Tweet123Share196ShareSend
anushsamal
anushsamal

anushsamal

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

How a Single Burn Sparked a Frenzy: $FUN Skyrockets Towards 500% After 25 Million Tokens Burn

Few events in crypto can ignite a market rally quite like a well-timed burn. For FUNToken, the June 24 announcement...

NewsBTC 1 hour ago
Bitcoin Retail Demand Rebounds – $0–$10K Transfer Volume Turns Positive

Bitcoin Retail Demand Rebounds – $0–$10K Transfer Volume Turns Positive

Bitcoin volatility is back on the rise after a dramatic week of price action. On Monday, BTC surged to a...

Sebastian Villafuerte 2 hours ago
Altcoin season start doordat Ethereum boven presteert en Bitcoin dominantie daalt

Altcoin season start doordat Ethereum boven presteert en Bitcoin dominantie daalt

De cryptomarkt staat er goed voor de komende tijd. Een heuse altcoin season ligt op de loer, terwijl Bitcoin dominantie...

Lars Diederiksen 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

Deepseek crypto prediction despre proiecte cu potențial

Elvira C. 10 minutes ago
MicroStrategy

Beyond MicroStrategy: Top 10 Crypto Treasury Stocks to Monitor

PR Desk 1 hour ago
Ethereum

Ethereum Rips Through Thin Zone: A Loud Move After Weeks of Silence

Godspower Owie 1 hour ago

Premium Sponsors

Press Releases

  • 2 криптовалути с небесни оценки...

    2 hours ago
  • 仮想通貨プレセール|ビットコイン向け最速かつ唯一の本格レイヤー2が300万ドル突破

    ...

    3 hours ago
  • 仮想通貨おすすめ|高騰中の評価額がリスクに見合うかもしれない3つの暗号資産

    ...

    3 hours ago
  • 新しい仮想通貨|ビットコインの強気相場に乗るための注目トークン

    ...

    3 hours ago
  • ビットコインの上昇と規制強化を受けて今注目のアルトコイン

    ...

    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.