Bitcoin (BTC/USD) returns to 17106 - 16986 supply zone in the intraday chart

Denis Joeli Fatiaki Independent Analyst

The crypto currency benchmark BTC/USD returns to a familiar zone - 17106-16986 supply zone.
BTC/USD has struggled to hold since the beginning of November 2022, as indicated on the attached chart. Only one breakthrough lifted prices to the 17994 - 17873 zone but failed to continue and pulled back below 17106-16986.

The recent move from the 16000 - 16220 area has created some hope among technical traders; this could be the final run to break the barrier, but it remains to be seen as BTC/USD consolidates at the time of writing. The price consolidation will likely continue at 17106-16986 until it breaks and takes off or pulls back to the previous support zone indicated on the chart.
The weekly chart has a strong support zone at 15445-17160, an area I pointed out in my analysis in December 2021 when BTC/USD was at 40656.

BTC/USD 30 minutes price chart 4/12/2022

BTC/USD weekly price chart 4/12/2022

Author

Denis Joeli Fatiaki

Independent Analyst

Denis Joeli Fatiaki possesses over a decade of extensive experience as a multi-asset trader and Market Strategist.

Ripple falters amid sell-off jitters and negative funding rates

Ripple (XRP) has come under pressure, drifting lower to $1.35 at the time of writing on Tuesday. The over 2% correction looks poised to erase the previous day’s gains, which lifted the remittance token to $1.42.

Bitcoin could risk $50,000 amid the US-Iran war, mirroring the Russia-Ukraine war losses

Bitcoin (BTC) remains at downside risk amid escalation in the Middle East war, as Iran retaliates against the US, Israel, and its neighbouring countries. Drawing parallels to the early days of the Russia-Ukraine war, Bitcoin could extend losses below $60,000.

Crypto Today: Bitcoin, Ethereum, XRP pull back as sentiment remains in extreme market fear

The cryptocurrency market is broadly in the red on Tuesday as the Middle East grapples with an escalating war. Bitcoin (BTC) is in a pullback, trading below $67,000 at the time of writing, and most altcoins follow suit.

Bitcoin slips below $67,000 as risk-aversion grows amid escalating US-Iran war

Bitcoin price slides 3% on Tuesday, nearly erasing the previous day's rebound. US-listed spot ETFs recorded an inflow of more than $450 million while Strategy added 3,015 BTC on Monday.

Bitcoin Price Annual Forecast: BTC holds long-term bullish structure heading into 2026

Bitcoin (BTC) is wrapping up 2025 as one of its most eventful years, defined by unprecedented institutional participation, major regulatory developments, and extreme price volatility.

Bitcoin: Another month of losses, and it’s been five

Bitcoin (BTC) price is stabilizing around $68,000 at the time of writing on Friday, but the Crypto King is poised to close February on a fragile footing, marking its fifth consecutive month of losses since October and a rare start to the year with back-to-back monthly corrections.