Tanya Abrosimova
Independent Analyst
- Bitcoin (BTC) returns to the area below $9,000 after unsuccessful recovery attempt.
- BTC/USD may spend a few hours before halving in a range.
Bitcoin price stays below $9,000 after a failed attempt to clear this pivotal barrier. The first digital coin hit the intraday high at $9,176 before fresh selling interest pushed the price towards $8,800.
The American session is likely to bring more volatility as Bitcoin's halving is a few hours away. Other major cryptocurrencies such as Ripple and Ethereum are directionless amid jittery market sentiments.
The intraday chart shows the RSI staying flat below 70 (overbought zone). It means that the coin may stay range-bound in the nearest future.
BTC/USD 1-hour chart
-637248059388328859.png)
Let’s have a closer look at support and resistance levels clustered around the current price.
Resistance levels
$9,000 – psychological level, the highest level of the previous hour, 61.8% Fibo retracement daily
$9,200 – 1-hour SMA200, the upper line of the 15-min Bollinger Band, 4-hour SMA50
$9,500 – Pivot point 1 day Resistance 1, 38.2% Fibo retracement weekly, the highest level of the previous week.
Support levels
$8,700 – 23.6% Fibo retracement monthly, the middle line of the 1-hour Bollinger Band
$8,500 - the lower line of the 1-hour Bollinger Band, the middle line of the daily Bollinger Band
$8,100 – the lowest level of the previous day.
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
Editors’ Picks
XRP Price Prediction: Bearish technicals, on-chain indicators signal 68% potential crash
XRP faces increasing bearish sentiment from macro, micro and fundamental factors in April. Weak on-chain indicators ranging from network growth, total supply and active addresses reinforce an impending crash.
Bitcoin Price Forecast: Tariff volatility sweeps over $200 billion from crypto markets
Bitcoin price hovers around $83,000 on Thursday after it failed to close above the $85,000 resistance level the previous day. Volatility fueled by Trump’s tariffs swept $200 billion from total market capitalization, liquidating over $178 million in BTC.
SOL is the winner as Solana chain turns into battleground for meme coin launchpad and DEX
Solana (SOL) gains nearly 2% in the last 24 hours and trades at 118.28 at the time of writing on Thursday. A Decentralized Exchange (DEX) and a meme coin launchpad built on the Solana blockchain have waged a war for users and compete for the trade volume on the chain.
Shibarium, built for the Shiba Inu blockchain, reaches 1 billion in transactions in 18 months after its launch
Shibarium, a Layer-2 blockchain for the Shiba Inu ecosystem, reaches 1 billion transactions 18 months after its launch. This milestone reflects growing adoption and Shibarium’s robust performance.
Bitcoin: BTC remains calm before a storm
Bitcoin's price has been consolidating between $85,000 and $88,000 this week. A K33 report explains how the markets are relatively calm and shaping up for volatility as traders absorb the tariff announcements. PlanB’s S2F model shows that Bitcoin looks extremely undervalued compared to Gold and the housing market.
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.