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BTCUSD Bitcoin

98,111.41

1,490.24 (1.54%)

08:43:37 - Realtime Data

Name	Symbol	Market	Market Cap ($)	Algorithm
Bitcoin	BTCUSD	Crypto	1,938,600,596,945	SHA-256d

	Price Change	Price Change %	Current Price	Bid Price	Offer
	1,490.24	1.54%	98,111.41	98,115.33	98,115.44

High Price	Low Price	Open Price	Prev. Close	52 Week Range
98,496.02	96,488.98	96,620.48	96,621.17	42,516.07 - 109,356.00

Exchange	Last Trade	Size	Trade Price	Currency
GDAX	08:43:37	0.000339	98,115.33	USD

Price x Volume	Volume	Base Symbol	Related Pairs
207,615,703.74	2,128.64	BTC	BTCEUR	BTCGBP	ETHBTC

Bitcoin Price Recovery Loses Steam: Are More Losses Ahead?

06/02/2025 2:41am

NEWSBTC

Bitcoin price started another decline below the $100,500 zone. BTC is trimming gains and might continue to move down toward the $95,000 zone. Bitcoin started a fresh decline below the $100,000 level. The price is trading below $98,800 and the 100 hourly Simple moving average. There is a connecting bearish trend line forming with resistance at $98,000 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could start another increase if it stays above the $95,000 zone. Bitcoin Price Dips Below $98,000 Bitcoin price failed to continue higher above the $102,500 zone. It started another decline below the $99,500 zone. BTC gained bearish momentum for a move below the $98,800 and $97,500 levels. The bears pushed the price below the 50% Fib retracement level of the upward wave from the $91,000 swing low to the $102,500 high. The price even tested the $96,500 support zone and is currently consolidating losses with a bearish angle. Bitcoin price is now trading below $98,800 and the 100 hourly Simple moving average. On the upside, immediate resistance is near the $98,000 level. There is also a connecting bearish trend line forming with resistance at $98,000 on the hourly chart of the BTC/USD pair. The first key resistance is near the $99,500 level. The next key resistance could be $100,000. A close above the $100,000 resistance might send the price further higher. In the stated case, the price could rise and test the $102,500 resistance level. Any more gains might send the price toward the $103,500 level. More Losses In BTC? If Bitcoin fails to rise above the $98,000 resistance zone, it could start a fresh decline. Immediate support on the downside is near the $96,500 level. The first major support is near the $95,400 level or the 61.8% Fib retracement level of the upward wave from the $91,000 swing low to the $102,500 high. The next support is now near the $93,700 zone. Any more losses might send the price toward the $95,000 support in the near term. Technical indicators: Hourly MACD – The MACD is now gaining pace in the bearish zone. Hourly RSI (Relative Strength Index) – The RSI for BTC/USD is now below the 50 level. Major Support Levels – $96,500, followed by $95,000. Major Resistance Levels – $98,000 and $100,000.

1 Year Bitcoin Chart

1 Year Bitcoin Chart

1 Month Bitcoin Chart

1 Month Bitcoin Chart

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