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 Bullish Momentum Above Bearish Trendline: Is $60,152 Mark Within Reach?

Godspower Owie
Godspower Owie
11 months 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 (BTC) after a successful break above its bearish trendline recently has continued to show strong bullish momentum which may mark a significant shift in market sentiment. As the digital asset continues to strive above the bearish trendline, it has stirred up optimism among traders and investors alike as to whether it can sustain its momentum and achieve the $60,152 mark.

In this article, BTC’s recent price formation will be analyzed with the help of some technical indicators to ascertain if it could reach the $60,152 mark and what it could mean for the future of the world’s leading cryptocurrency.

With a market capitalization of more than $1.1 trillion and a trading volume of more than $24 billion as of the time of writing, the price of Bitcoin is currently down by 1.37%, trading at around $58,119 in the last 24 hours. BTC’s market cap and trading volume are currently down by 1.37% and 11.67%, respectively.

Bitcoin Bullish Momentum Holds Strong

Currently, on the 4-hour chart, the price of BTC is on the rise and attempting a move towards the 100-day Simple Moving Average (SMA) and the $60,152 mark with strong bullish momentum. Also, it can be noticed that the crypto asset has broken above the 4-hour bearish trend line, made a retest, and began to move upward again.

Bitcoin
Source: BTCUSDT on Tradingview.com

The formation of the 4-hour Composite Trend Oscillator also suggests more bullishness for BTC’s price as both the signal line and the SMA of the indicator are attempting to cross above the zero line and are heading towards the overbought zone.

On the 1-day chart, the price of Bitcoin is experiencing a strong momentum, rising above the bearish trendline and toward the $60,152 mark. It is important to note that BTC’s price started rising after a bearish drop on the previous day.

Bitcoin
Source: BTCUSDT on Tradingview.com

Finally, a careful observation of the 1-day composite trend oscillator reveals that the signal line of the indicator is attempting to cross above the SMA, and both are attempting to move out of the overbought zone. This formation thereby indicates that the crypto asset may be poised for more bullish move.

What Could Happen If BTC Reaches The $60,152 Mark?

Exploring potential outcomes if Bitcoin reaches the $60,152 mark shows that if the digital asset’s price reaches the $60,152 mark and breaks above it, it may continue to rise to test the $64,515 resistance level. When this level is breached, BTC may experience more price growth toward the $66,736 resistance level and possibly other points above.

Conversely, should BTC experience a rejection at the $60,152 mark, it will begin to drop again toward the $53,541 support level. Furthermore, BTC may experience a further price drop to test the $50,604 support level and probably other lower levels, if the $53,541 target is breached.

Bitcoin
BTC trading at $58,165 on the 1D chart | Source: BTCUSDT on Tradingview.com
Featured image from iStock, chart from Tradingview.com
Tweet123Share196ShareSend
Godspower Owie
Godspower Owie

Godspower Owie

My name is Godspower Owie, and I was born and brought up in Edo State, Nigeria. I grew up with my three siblings who have always been my idols and mentors, helping me to grow and understand the way of life.

Read more

My parents are literally the backbone of my story. They’ve always supported me in good and bad times and never for once left my side whenever I feel lost in this world. Honestly, having such amazing parents makes you feel safe and secure, and I won’t trade them for anything else in this world.

I was exposed to the cryptocurrency world 3 years ago and got so interested in knowing so much about it. It all started when a friend of mine invested in a crypto asset, which he yielded massive gains from his investments.

When I confronted him about cryptocurrency he explained his journey so far in the field. It was impressive getting to know about his consistency and dedication in the space despite the risks involved, and these are the major reasons why I got so interested in cryptocurrency.

Trust me, I’ve had my share of experience with the ups and downs in the market but I never for once lost the passion to grow in the field. This is because I believe growth leads to excellence and that’s my goal in the field. And today, I am an employee of Bitcoinnist and NewsBTC news outlets.

My Bosses and co-workers are the best kinds of people I have ever worked with, in and outside the crypto landscape. I intend to give my all working alongside my amazing colleagues for the growth of these companies.

Sometimes I like to picture myself as an explorer, this is because I like visiting new places, I like learning new things (useful things to be precise), I like meeting new people - people who make an impact in my life no matter how little it is.

One of the things I love and enjoy doing the most is football. It will remain my favorite outdoor activity, probably because I'm so good at it. I am also very good at singing, dancing, acting, fashion and others.

I cherish my time, work, family, and loved ones. I mean, those are probably the most important things in anyone's life. I don't chase illusions, I chase dreams.

I know there is still a lot about myself that I need to figure out as I strive to become successful in life. I’m certain I will get there because I know I am not a quitter, and I will give my all till the very end to see myself at the top.

I aspire to be a boss someday, having people work under me just as I’ve worked under great people. This is one of my biggest dreams professionally, and one I do not take lightly. Everyone knows the road ahead is not as easy as it looks, but with God Almighty, my family, and shared passion friends, there is no stopping me.

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

Analyst Warns: Strategy On Track For Historic Collapse, Bigger Than FTX

In a bold and alarming statement, on-chain analyst OxChain raised the possibility of a catastrophic collapse involving Strategy (formerly MicroStrategy),...

Ronaldo Marquez 6 hours ago
Bitcoin Price Struggles to Reclaim Resistance

Bitcoin Price Struggles to Reclaim Resistance — Sideways Action Dominates

Bitcoin price started a fresh decline below the $106,200 zone. BTC is now consolidating and facing resistance near the $105,500...

Aayush Jindal 13 hours ago
bitcoin cena

Bitcoin Yearly Trend Suggests Cycle Top Near $205,000 By Year-End, Analyst Says

Bitcoin (BTC) has seen a moderate price correction since June 11, falling from around $111,000 to just above $104,000 at...

Ash Tiwari 14 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

Bitcoin price news

Bitcoin Is The Purest AI Trade, Says Wall Street Veteran

Jake Simmons 3 hours ago
Bitcoin

Bitcoin’s Momentum Wobbles—Analyst Predicts Correction Below $94K

Christian Encila 4 hours ago
Bitcoin crash

Bitcoin Channel Break Below $105,000 Sparks Panic, Analysts Predict Further Crashes

Scott Matherson 6 hours ago

Premium Sponsors

Top Brands

Press Releases

  • BingX New Dual Investment Offering Sees $1M in User...

    42 minutes ago
  • fun

    FUNToken Announces Deflationary Update, Achieves Certik...

    53 minutes ago
  • ビットコインの実用性を高める可能性も?注目のLayer2ミームコイン|今買うべき新しい仮想通貨とは

    ...

    2 hours ago
  • 1 criptomonedă de neoprit pe care Michael Saylor de la MicroStrategy o recomandă să o cumperi înainte să crească cu 12.280%

    1 criptomonedă de neoprit pe care Michael Saylor de la...

    2 hours ago
  • 仮想通貨おすすめ:マイクロストラテジーのセイラー氏が注目する、12,280%上昇の可能性を秘めた注目銘柄

    ...

    2 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.