![]() |
|
![]() |
|
![]() |
|
![]() |
|
![]() |
|
![]() |
|
![]() |
|
![]() |
|
![]() |
|
![]() |
|
![]() |
|
![]() |
|
![]() |
|
![]() |
|
![]() |
|
price started a fresh increase from the $98500 support zone. BTC formed a base and was able to clear the $100000 resistance zone.
Bitcoin price is correcting some gains after rising to the $105.728 zone. BTC is back in the bear market and testing the 23.6% Fib retracement level of the upward move from the $95,825 swing low to the $105,728 high.
Bitcoin Hits Some Resistance
Bitcoin price started a fresh increase from the $98,500 support zone. BTC formed a base and was able to clear the $100,000 resistance zone. The bulls even pushed the price above $103,000.
The pair spiked above $105,500 and tested $105,800. A high is formed at $105,728 and the price is now correcting gains. There was a move below the 23.6% Fib retracement level of the upward move from the $95,825 swing low to the $105,728 high.
There was break below a new connecting bullish trend line with support at $103,900 on the hourly chart of the BTC/USD pair. Bitcoin is now trading below $104,500 and the 100 hourly Simple moving average.
However, the bulls are now active near the $100,800 support and protecting the 50% Fib retracement level of the upward move from the $95,825 swing low to the $105,728 high. On the upside, immediate resistance is near the $103,500 level. The first key resistance is near the $104,000 level.
The next key resistance could be $105,000. A close above the $105,000 resistance might send the price further higher. In the stated case, the price could rise and test the $106,000 resistance level. Any more gains might send the price toward the $108,000 level.
More Losses In BTC?
If Bitcoin fails to rise above the $103,500 resistance zone, it could start another downside correction. Immediate support on the downside is near the $101,500 level. The first major support is near the $100,800 level.
The next support is now near the $100,000 zone. Any more losses might send the price toward the $98,800 support in the near term. The main support sits at $97,500.
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 below the 50 level.
Major Support Levels - $101,500, followed by $100,800.
Major Resistance Levels - $103,500 and $105,000.
Disclaimer:info@kdj.com
The information provided is not trading advice. kdj.com does not assume any responsibility for any investments made based on the information provided in this article. Cryptocurrencies are highly volatile and it is highly recommended that you invest with caution after thorough research!
If you believe that the content used on this website infringes your copyright, please contact us immediately (info@kdj.com) and we will delete it promptly.
-
-
-
- US President Donald Trump-backed World Liberty Financial’s (WLFI) stablecoin is making its way to the tally of the biggest cryptos in the market.
- Jun 07, 2025 at 02:40 am
- This comes in when the US Securities and Exchange Commission (SEC) paused its securities fraud case against Justin Sun earlier this year.
-
-
-
- EOS price surges over 20% today, reaching an intraday high of $0.8482 as traders prepare for next week's major network update.
- Jun 07, 2025 at 02:35 am
- The sudden rally also coincided with a staggering 241% spike in 24-hour trading volume, according to CoinMarketCap data, pushing above $506 million of EOS across order books.
-
- Bitget Wallet Alpha: A Mobile-First, Signal-Driven Trading Assistant Built for the Next Generation of On-Chain Users.
- Jun 07, 2025 at 02:30 am
- Bitget Wallet Alpha is a mobile-first, signal-driven trading assistant built for the next generation of on-chain users. It is designed in such a way that it eliminates the friction of fragmented alpha discovery and execution.
-
-