Rajarshi Mitra
Independent Analyst
- BTC/USD bears remained in control for the fifth straight day.
- The Elliott Oscillator has had four straight red sessions wherein it fell from -14 to -190.
- BTC/USD is presently trending in the lower half of the 20-day Bollinger Band.
BTC/USD daily chart
-637288141900028885.png)
BTC/USD has fallen from $9,155.50 to $9,126 in the early hours of Saturday as the bears remained in control for the fifth straight day. In this five-day-period, BTC/USD has dropped from $9,693.75, charting a 5.86% fall in valuation. The Elliott Oscillator has had four straight red sessions, wherein it fell from -14 to -190. The price is currently trending in the lower half of the 20-day Bollinger Band.
Support and Resistance
BTC/USD faces strong resistance levels at $9,285, $9,425.35 (SMA 50) and $9,481.50 (SMA 20). On the downside, the bears need to conquer support at $9,070. If they do manage to do so, the price will fall below the downward trending line. Following that, another healthy support lies at $8,896.85.
Key levels
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
Cardano eyes recovery as it retests key support, funding rate and bullish bets signal optimism
Cardano recovers slightly by 4%, trading around $0.70 on Tuesday after falling nearly 7% the previous day. On-chain metrics signal further recovery as ADA’s funding rate turns positive while its bullish bets reach the highest level over a month.
Bettors mount pressure on XRP amid signs of a price bottom in on-chain indicators
Ripple's XRP declined 10% on Monday, trading around $1.96 at press time after odds of its price plunging below $2.00 skyrocketed to 81% on prediction platform Polymarket. Despite the high risk-off sentiment, XRP's 30-day Market Value to Realized Value (MVRV) Ratio indicates prices may have found a bottom.
The crypto market cap dips to $2.44 trillion while Mt. Gox moves 11,833 BTC worth $932 million
The crypto market continued its ongoing downleg as the week started, as its market cap capitalization reached a low of $2.44 trillion on Tuesday, levels not seen since early November. This price crash has triggered a wave of liquidations of over $937 million in the last 24 hours.
Bitcoin hits multi-month lows as crypto, stocks witness heightened risk-off sentiment
Bitcoin fell to $78,000 on Monday, marking a 27% decline from its all-time high, as crypto and stocks stretched their combined market cap losses to $6 trillion. The selling pressure is largely due to a growing correlation between the asset classes and a shift in investor sentiment toward a risk-off strategy.
Bitcoin: Will Trump's Strategic Bitcoin Reserve and White House Crypto Summit support BTC recovery?
Bitcoin price extends its decline on Friday, falling over 5% so far this week. BTC uncertainty and volatility spikes liquidated $1.67 billion as the first-ever White House Crypto Summit takes place on Friday.
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.