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: LINK Price Climbs Following Chainlink's Deal With US Commerce Department, Eyes $30
  • 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: LINK Price Climbs Following Chainlink's Deal With US Commerce Department, Eyes $30

Bitcoin Struggles Within A Range, When To Expect A Breakout?

anushsamal
anushsamal
3 years 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 had previously succumbed to the bears and sank below the $20,000 mark for a considerable period of time. At press time however, the coin managed to rise above the $20,000 mark. Market conditions are still fragile and BTC can again fall below the $20,000 price level.

Selling volume had increased which had caused BTC to dip on its chart in the past. As Bitcoin continued to oscillate between $22,000 and $19,000 for the past month, it is imperative that the coin manages to trade above the $22,000 mark for a considerable period of time for the bearish thesis to be invalidated.

Accumulation has also been low for the king coin, as for most of this month, Bitcoin traded in oversold regions. Long term traders might not be on the winning side, but short-term traders can expect to make some profits. It is however, too soon to say if Bitcoin is out of the intense volatility phase. Fluctuations in price could again push BTC below its current trading level.

Bitcoin Price Analysis: Four Hour Chart

Bitcoin
Bitcoin was priced at $20,800 on the four hour chart | Source: BTCUSD on TradingView

BTC was trading for $20,800 at the time of writing. The coin has formed an ascending channel within which it has been trading. It is too early to say if BTC has successfully depicted a breakout. Price of BTC has to rise above the $22,000 for this movement to be considered a breakout.

Overhead resistance stood at $21,000 and then at $22,000, respectively. A fall from the present trading level will drag BTC to the $19,000 zone and then to $17,000. Amount of BTC traded declined considerably, indicating that selling pressure has fallen on the four hour chart.

Technical Analysis

Bitcoin
Bitcoin displayed increased buying strength on the four hour chart | Source: BTCUSD on TradingView

BTC was moving upwards in an ascending channel and the coin flashed increased buying pressure at press time. The Relative Strength Index pictured recovery as the indicator pushed itself upwards above the half-line indicating falling selling strength.

With continued buying momentum BTC can invalidate its bearish momentum. The price of the asset was above the 20-SMA which indicated buyers were driving the price momentum. BTC was also above the 50-SMA and the 200-SMA which is considered to be extremely bullish for Bitcoin.

Related Reading | A Breakout Above This Level Could Help Polkadot Recover On Chart

Bitcoin
Bitcoin portrayed buy signal on the four hour chart | Source: BTCUSD on TradingView

BTC in accordance with other indicators presented similar reading on the Moving Average Convergence Divergence. MACD determines price momentum and where the coin is headed, it underwent a bullish crossover.

Due to the bullish crossover, the indicator displayed green signal bars which were buy signal for Bitcoin. Buyers acted on it, which is why the coin displayed increased buying strength. Parabolic SAR depicts price direction and dotted lines below the candlestick point towards positive price direction.

Related Reading | TA: Bitcoin Price Could Surge To $22K, Why BTC Remains Supported

Featured image from UnSplash, chart from 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

meme kovanci

Najboljši meme kovanci, ki jih lahko kupite zdaj za manj kot 1 EUR

Trg kriptovalut se danes še naprej giblje v stranskem trendu, vendar nekateri najboljši meme kovanci kažejo potencial za velike dobičke...

tanjapotocnik 51 minutes ago
Bitcoin Vs Gold

Safe Haven Split: Bitcoin-Gold Correlation Turns Negative For First Time In 6 Months

Data shows the correlation between Bitcoin and Gold has turned negative, a sign that the two assets are moving in...

Keshav Verma 1 hour ago
Stripe

Stripe And Paradigm Announce Tempo, A New Layer-1 Blockchain For Stablecoins

Fintech giant Stripe and crypto venture firm Paradigm have announced their collaboration on a new project named Tempo. The Layer-1...

Ronaldo Marquez 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

WLFI

WLFI Token Controversy: Justin Sun Denies Selling Rumors Following Address Blacklist

Rubmar Garcia 6 minutes ago
트럼프의 '아메리칸 비트코인' 나스닥 상장, BTC 2.7억 확보…다음 주목받는 코인은

트럼프의 ‘아메리칸 비트코인’ 나스닥 상장, BTC 2.7억 확보…다음 유망 코인은?

Soyeon Lee 32 minutes ago
BTC Hyper

BTC Hyper presegel 13M: Najboljša kriptovaluta za nakup?

tanjapotocnik 48 minutes ago

Premium Sponsors

Press Releases

  • ビットコイン...

    7 minutes ago
  • シバコイン...

    19 minutes ago
  • A 3 legjobb kriptovaluta, amit ma megvásárolhatsz, mivel ez a presale forradalmasítja a meme-piacot 1000x potenciállal

    A 3 legjobb kriptovaluta, amit ma megvásárolhatsz, mivel...

    26 minutes ago
  • パイネットワーク...

    32 minutes ago
  • 3-те най-добри криптовалути за...

    37 minutes 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.