Gold vs US Dollar

Register for real-time alerts, custom portfolio, and market movers

Get Started

BTCUSD Bitcoin

88,250.00

926.38 (1.06%)

15:20:26 - Realtime Data

Name	Symbol	Market	Market Cap ($)	Algorithm
Bitcoin	BTCUSD	Crypto	1,748,401,098,333	SHA-256d

	Price Change	Price Change %	Current Price	Bid Price	Offer
	926.38	1.06%	88,250.00	88,256.32	88,256.98

High Price	Low Price	Open Price	Prev. Close	52 Week Range
90,702.12	87,100.83	87,526.76	87,345.98	35,358.45 - 93,495.00

Exchange	Last Trade	Size	Trade Price	Currency
BSTP	15:20:25	0.000691	88,297.00	USD

Price x Volume	Volume	Base Symbol	Related Pairs
967,229,142.43	10,896.46	BTC	BTCEUR	BTCGBP	ETHBTC

Bitcoin Price Rebounds, But Could the Downtrend Return?

09/09/2024 3:44am

NEWSBTC

Bitcoin price remained supported near the $52,500 zone. BTC is recovering losses and facing hurdles near the $55,200 and $55,500 levels. Bitcoin is struggling to recover above the $55,500 zone. The price is trading below $55,200 and the 100 hourly Simple moving average. There is a key bearish trend line forming with resistance at $55,200 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could struggle to recover above the $55,500 or $56,000 resistance levels in the near term. Bitcoin Price Aims Recovery Bitcoin price remained in a bearish zone and extended losses below the $55,500 support zone. BTC even declined below the $53,200 level. It tested the $52,500 zone. A low was formed at $52,569 and the price is now attempting a recovery wave. There was a move above the $53,200 and $54,000 resistance levels. It cleared the 23.6% Fib retracement level of the downward move from the $58,508 swing high to the $52,569 low. However, the price is now struggling to recover above the $55,500 zone. Bitcoin is now trading below $55,200 and the 100 hourly Simple moving average. On the upside, the price could face resistance near the $55,200 level. There is also a key bearish trend line forming with resistance at $55,200 on the hourly chart of the BTC/USD pair. The trend line is close to the 50% Fib retracement level of the downward move from the $58,508 swing high to the $52,569 low. The first key resistance is near the $55,500 level. A clear move above the $55,500 resistance might send the price further higher in the coming sessions. The next key resistance could be $56,200. A close above the $56,200 resistance might spark more upsides. In the stated case, the price could rise and test the $57,500 resistance. Another Decline In BTC? If Bitcoin fails to rise above the $55,500 resistance zone, it could start another decline. Immediate support on the downside is near the $54,000 level. The first major support is $53,200. The next support is now near the $52,500 zone. Any more losses might send the price toward the $51,800 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 – $54,000, followed by $53,200. Major Resistance Levels – $55,200, and $55,500.

1 Year Bitcoin Chart

1 Year Bitcoin Chart

1 Month Bitcoin Chart

1 Month Bitcoin Chart

Toronto Cleantech Capital

NLBNPIT24YF2 20250321 900

PRA Health Sciences

BNP Paribas Issuance

NLBNPIT20RW9 20991231 41...

NLBNPIT20AY1 20991231 60...

Delayed Upgrade Clock

Support: +44 (0) 203 8794 460 | support@advfn.com

By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions