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: Bitcoin, XRP, Ethereum Dip Post Fed's Rate Cut: What’s Next For Crypto?
  • 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: Bitcoin, XRP, Ethereum Dip Post Fed's Rate Cut: What’s Next For Crypto?

Bitcoin Price Watch: BTC Surges Above $6,600, Next Target $6,850

Aayush Jindal
Aayush Jindal
Last Updated: June 11, 2024 1:38 pm
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.

Key Points

  • Bitcoin price is trading with a bullish angle above the $6,430 level against the US Dollar.
  • There was a clear break above a major bearish trend line with resistance at $6,435 on the hourly chart of the BTC/USD pair (data feed from Kraken).
  • The pair recently managed to surpass a major resistance near the $6,600 level.

Bitcoin price settled above a key pivot at $6,430 against the US Dollar. BTC/USD could accelerate towards $6,850 if buyers succeed in surpassing the $6,750 resistance.

Bitcoin Price Analysis

There was an upside extension above the $6,400 level in bitcoin price against the US Dollar. The BTC/USD pair traded above the $6,430 and $6,450 resistance levels to trade further into the bullish zone. There was even a close above the $6,500 level and the 100 hourly simple moving average. These are all positive signs above the $6,430 pivot level and the $6,400 support area.

During the upside, there was a clear break above a major bearish trend line with resistance at $6,435 on the hourly chart of the BTC/USD pair. The pair traded towards the $6.590 and $6,600 resistance levels, which prevented gains. Later, the price gained traction, surged above the $6,600 resistance, and traded as high as $6,743. It is currently consolidating gains above the 23.6% Fib retracement level of the last upward move from the $6,339 low to $6,743 high. If there is an extension, the price may perhaps test the $6,600 level. It is above the 50% Fib retracement level of the last upward move from the $6,339 low to $6,743 high. The most important support is near the $6,430 pivot level.

Bitcoin Price Analysis BTC Chart

Looking at the chart, bitcoin price may possibly break the $6,750 resistance. The next target for buyers could be $6,850, which is also a significant resistance. On the flip side, dips towards $6,600 are likely to attract buyers.

Looking at the technical indicators:

Hourly MACD – The MACD for BTC/USD is moving in the bullish zone.

Hourly RSI (Relative Strength Index) – The RSI is placed well above the 60 level.

Major Support Level – $6,600

Major Resistance Level – $6,750

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

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

MEXC

Behind The MEXC Drama: Is Bankruptcy Inevitable?

Seychelles-based cryptocurrency exchange MEXC found itself in the midst of controversy on Friday as users on social media site X...

Ronaldo Marquez 6 hours ago
crypto

Is Crypto ‘Boring’ Now? Bitwise CEO Says The Market Is Changing

As the early ‘Uptober’ buzz fizzles and Bitcoin struggles to hold $110,000, the overall crypto market sentiment has seemingly taken...

Rubmar Garcia 8 hours ago
Bitcoin

Bitcoin At Key Retest: Bounce Or $98,000 Next?

On-chain data shows Bitcoin is currently retesting a historically significant level that has often decided the course of the cryptocurrency’s...

Keshav Verma 9 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

Solana

Solana Breaches Key $180 Level – What You Should Know

Semilore Faleti 1 hour ago
Dogecoin

Dogecoin Enters The Big Leagues — Stadium And Jerseys Get A Crypto Makeover

Christian Encila 3 hours ago
Ethereum

Ethereum Price Could Crash Below $3,400 After Rejection From 0.618 Fibonacci Level

Scott Matherson 4 hours ago

Premium Sponsors

Press Releases

  • イーサリアム...

    21 hours ago
  • ビットコイン...

    21 hours ago
  • シバコイン...

    21 hours ago
  • Najlepší krypto predpredaj: Trump omilostnil CZ z Binance, zatiaľ čo predpredaj Bitcoin Hyper presahuje 450 tisíc dolárov

    Najlepší krypto predpredaj: Trump omilostnil CZ z...

    22 hours ago
  • Най-добра крипто предпродажба: Тръмп помилва CZ от Binance, докато Bitcoin Hyper Presale надхвърля 450 хиляди долара

    Най-добра крипто предпродажба...

    22 hours 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.