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BTCUSD Bitcoin

104,233.65

-501.34 (-0.48%)

08:02:29 - Realtime Data

Name	Symbol	Market	Market Cap ($)	Algorithm
Bitcoin	BTCUSD	Crypto	2,059,249,988,339	SHA-256d

	Price Change	Price Change %	Current Price	Bid Price	Offer
	-501.34	-0.48%	104,233.65	104,227.07	104,231.07

High Price	Low Price	Open Price	Prev. Close	52 Week Range
105,067.03	103,922.03	104,816.34	104,734.99	41,846.04 - 109,356.00

Exchange	Last Trade	Size	Trade Price	Currency
GDAX	08:02:27	0.00000829	104,227.07	USD

Price x Volume	Volume	Base Symbol	Related Pairs
211,971,696.72	2,029.91	BTC	BTCEUR	BTCGBP	ETHBTC

Bitcoin Price Comeback Meets Resistance: Breakout or Rejection?

31/01/2025 2:42am

NEWSBTC

Bitcoin price started a fresh upward move above $103,200. BTC is now correcting gains and might revisit the $102,000 support zone. Bitcoin started a decent upward move above the $103,200 zone. The price is trading above $103,000 and the 100 hourly Simple moving average. There is a key bullish trend line forming with support at $103,500 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could start another increase if it stays above the $102,000 zone. Bitcoin Price Recovers Above $102,000 Bitcoin price started a decent increase above the $101,500 resistance zone. BTC was able to surpass the $102,200 and $103,200 resistance levels to move into a positive zone. It even cleared the $104,500 resistance zone. The pair settled in a positive zone and now faces hurdles near the $106,500 zone. A high was formed at $106,414 and the price is now correcting gains. There was a move below the $105,000 level. It is now testing the 23.6% Fib retracement level of the upward move from the $97,688 swing low to the $106,414 high. Bitcoin price is now trading above $103,000 and the 100 hourly Simple moving average. There is also a key bullish trend line forming with support at $103,500 on the hourly chart of the BTC/USD pair. On the upside, immediate resistance is near the $105,500 level. The first key resistance is near the $106,500 level. The next key resistance could be $107,000. A close above the $107,000 resistance might send the price further higher. In the stated case, the price could rise and test the $108,800 resistance level. Any more gains might send the price toward the $110,000 level. Another Decline In BTC? If Bitcoin fails to rise above the $105,000 resistance zone, it could start a fresh decline. Immediate support on the downside is near the $103,500 level. The first major support is near the $102,500 level and the 50% Fib retracement level of the upward move from the $97,688 swing low to the $106,414 high. The next support is now near the $102,000 zone. Any more losses might send the price toward the $100,500 support in the near term. Technical indicators: Hourly MACD – The MACD is now losing pace in the bullish zone. Hourly RSI (Relative Strength Index) – The RSI for BTC/USD is now above the 50 level. Major Support Levels – $103,500, followed by $102,500. Major Resistance Levels – $105,500 and $106,500.

1 Year Bitcoin Chart

1 Year Bitcoin Chart

1 Month Bitcoin Chart

1 Month Bitcoin Chart

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