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 Price Watch: BTC/USD Approaching Next Key Break

Aayush Jindal
Aayush Jindal
6 years 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.

Key Points

  • Bitcoin price is trading in a tight range above the $6,540 support against the US Dollar.
  • There is a key contracting triangle in place with support at $6,545 on the hourly chart of the BTC/USD pair (data feed from Kraken).
  • The pair is poised to make the next move either above $6,610 or below $6,540 in the short term.

Bitcoin price is approaching the next key break against the US Dollar. BTC/USD could climb higher if buyers push the price above $6,610 and $6,642.

Bitcoin Price Analysis

During the past two sessions, there was no major move above $6,660 in bitcoin price against the US Dollar. The BTC/USD pair remained confined in a tight range and stayed above the $6,540 support. Recently, there was a dip below the $6,500 level, but the price recovered quickly. It climbed above the $6,500 level and the 50% Fib retracement level of the recent slide from the $6,642 high to $6,488 low.

However, the upside move was capped by the $6,600 resistance and the 100 hourly simple moving average. Moreover, the 61.8% Fib retracement level of the recent slide from the $6,642 high to $6,488 low also acted as a resistance. At the outset, there is a key contracting triangle in place with support at $6,545 on the hourly chart of the BTC/USD pair. The triangle resistance is at $6,600, above which the price is likely to face sellers near the $6,642 swing high. Once there is a clear break above the $6,642 high, the price will most likely climb towards the $6,700 and $6,740 levels. On the other hand, a downside break below $6,545 and $6,520 may well open the doors for an extended slide towards $6,360.

Bitcoin Price Analysis BTC Chart

Looking at the chart, bitcoin price seems to be preparing for the next move either above $6,610 or below $6,540. The current price action is slightly bearish, but as long as the price is above $6,500, it could trade higher.

Looking at the technical indicators:

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

Hourly RSI (Relative Strength Index) – The RSI is near the 50 level.

Major Support Level – $6,540

Major Resistance Level – $6,610

Tweet123Share226ShareSend
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

Crypto bull run je stigao: top 3 altcoina za kupnju i čuvanje

Kripto “bikovsko tržište” (bull market) započinje s cijenom Bitcoina koja se približava svojoj najvišoj povijesnoj vrijednosti, dok većina altcoina bilježi...

NewsBTC 48 minutes ago
KindlyMD

KindlyMD Shares Surge 250% Post-Merger With Trump Crypto Advisor David Bailey

Shares of healthcare company KindlyMD (KDLY) skyrocketed by 250% on Monday after the firm announced a merger with Nakamoto Holdings,...

Ronaldo Marquez 1 hour ago
PEPE whales kopen massaal: stijgt Pepe Coin koers 38% in nieuwe crypto rally?

PEPE whales kopen massaal: stijgt Pepe Coin koers 38% in nieuwe crypto rally?

De Pepe coin koers heeft recentelijk een crypto rally doorgemaakt nu Pepe whales massaal instappen. Nieuwe indicatoren wijzen nu zelfs...

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

強気相場が到来:今注目すべきアルトコイン4選とその魅力

強気相場が到来:今注目すべきアルトコイン4選とその魅力

Yohei Hanazato 6 minutes ago

Mystery box za 5000 zł: Co kryje najdroższa paczka-niespodzianka? Otwieramy!

newsbtc 7 minutes ago
Bitcoin

Bitcoin Reclaims Center Stage With $880 Million In Inflows

Christian Encila 33 minutes ago

Premium Sponsors

Top Brands

Press Releases

  • How to use Dogecoin (DOGE) to mine on the Blockchain Mining...

    34 minutes ago
  • KGN Cloud Launches $100-12,500/Day Bitcoin Mining Plan +...

    5 hours ago
  • ALL4 Mining’s cloud mining contracts help investors earn...

    5 hours ago
  • The market value of Bitcoin has successfully exceeded...

    19 hours ago
  • CoinACE Opens Pre‑Registration for June 1 Early Access...

    20 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.