• BTC/USD staged a nice recovery above the psychological $9,000.
  • The further upside is limited by the next resistance of $9,300.

BTC/USD is changing hands at $9,150 amid short-term bullish bias with shrinking volatility. The sustainable move above $9,000 improved the short-term technical picture, though $9,300 still blocks the way and separates BTC bulls from a sustainable recovery. BTC/USD has gained over 3.5% in recent 24 hours, while its market share increased to 65.9%

The intraday chart shows that the RSI stays flat in the overbought territory. It means that the coin may retreat to $9,000 before another growth attempt.

BTC/USD 1-hour chart

Let’s have a closer look at support and resistance levels clustered around the current price.

Resistance levels

$9,300 –4-hour SMA100, 38.2% Fibo retracement weekly, the middle line of the daily Bollinger Band
$9,500 – 61.8% Fibo retracement weekly
$10,000 – Pivot Point 1-month Resistance 1

Support levels

$9,000 - Pivot Point 1-day Resistance 1, the highest level of the previous day
$8,900 - the middle line of the 4-hour Bollinger Band, the middle line of the 1-hour Bollinger Band, 61.8% Fibo retracement daily
$8,700 - 23.6% Fibo retracement monthly, the lowest level of the previous day.

fxsoriginal


Note: All information on this page is subject to change. The use of this website constitutes acceptance of our user agreement. Please read our privacy policy and legal disclaimer. Opinions expressed at FXstreet.com are those of the individual authors and do not necessarily represent the opinion of FXstreet.com or its management. Risk Disclosure: Trading foreign exchange on margin carries a high level of risk, and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to invest in foreign exchange you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading, and seek advice from an independent financial advisor if you have any doubts.

Recommended content


Recommended Content

Editors’ Picks

BTC, ETH and XRP rallies as Trump announces ‘Crypto Strategic Reserve’

BTC, ETH and XRP rallies as Trump announces ‘Crypto Strategic Reserve’

Bitcoin price hovers around $93,000 on Monday after rallying 9.53% the previous day. Ethereum and Ripple prices followed BTC’s footsteps and rallied nearly 14% and 35% on Sunday. This spike in prices was triggered by Donald Trump’s announcement on his Truth Social platform of a US ‘Crypto Strategic Reserve’

More Cryptocurrencies News
Bitcoin bows into the weekend following tensions from Trump-Zelensky meeting

Bitcoin bows into the weekend following tensions from Trump-Zelensky meeting

US President Donald Trump met with Ukrainian President Volodymyr Zelensky on Friday to discuss potential solutions for ending Ukraine's war with Russia. The fallout from the discussion immediately impacted the crypto markets, with Bitcoin (BTC) failing to recover the $85,000 level at the press time.

More Bitcoin News
Bitcoin Cash price rallies 7% as BTC, ETH, XRP struggle: What follows?

Bitcoin Cash price rallies 7% as BTC, ETH, XRP struggle: What follows?

Bitcoin Cash (BCH) was one of the top-performing crypto assets on Friday, defying the bearish market sentiment to score 7% gains. On-chain data suggests the rally could be short-lived with miners actively offloading their reserves. 

More Bitcoin Cash News
Ethereum Price Forecast: ETH long-term holders and whales join retailers in selling activity

Ethereum Price Forecast: ETH long-term holders and whales join retailers in selling activity

Ethereum (ETH) is down 2% on Friday as long-term holders and whales joined small-scale retailers in broadening the selling activity.

More Ethereum News
Bitcoin: BTC bloodbath continues, near 30% down from its ATH

Bitcoin: BTC bloodbath continues, near 30% down from its ATH

Bitcoin (BTC) price extends its decline and trades below $80,000 at the time of writing on Friday, falling over 15% so far this week. This price correction wiped $660 billion of market capitalization from the overall crypto market and saw $3.68 billion in total liquidations this week.

Read full analysis
The Best brokers to trade EUR/USD

The Best brokers to trade EUR/USD

SPONSORED Discover the top brokers for trading EUR/USD in 2025. Our list features brokers with competitive spreads, fast execution, and powerful platforms. Whether you're a beginner or an expert, find the right partner to navigate the dynamic Forex market.

Read More

BTC

ETH

XRP