- Bitcoin has been rising in the wake of the new week after a sleepy weekend.
- BTC/USD has overcome robust resistance and has few technical hurdles.
- Here are the next levels to watch according to the Confluence Detector.
Bitcoin and most other cryptocurrencies have begun rising after taking a breather under the sun during the weekend. The dearth of earth-shattering news has allowed for the break and the upwards move looks like a continuation of the broader uptrend.
However, a closer look has shown that the granddaddy of cryptocurrencies has broken above a critical resistance line which now turns into support and provides the basis for a potential rally.
This is what the Crypto Confluence Detector shows in its latest update:
Bitcoin's surge above $11,420 has been substantial. This is a dense cluster including the Simple Moving Average 5-1d, the SMA 100-1h, the previous 4h-low, SMA 10-4h, the Fibonacci 38.2% one-month, the Fibonacci 38.2% one-day, and the SMA 200-15m.
The line now turns into strong support and BTC/USD can already eye the next level. Weak resistance awaits at $12,290 which is the convergence of the Pivot Point one-day Resistance 3, the PP 1w-R1, the Fibonacci 23.6% one-month, and the previous weekly high.
Above that level, the king of cryptos has no resistance until at least $13,464 which is the limit of our current chart.
Further support awaits at $11,233 where we see the confluence of the SMA 50-4h, the SMA 200-1h, the BB 1h-lower, and the Fibonacci 61.8% one-week.
See all the cryptocurrency technical levels.
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers. The author will not be held responsible for information that is found at the end of links posted on this page.
If not otherwise explicitly mentioned in the body of the article, at the time of writing, the author has no position in any stock mentioned in this article and no business relationship with any company mentioned. The author has not received compensation for writing this article, other than from FXStreet.
FXStreet and the author do not provide personalized recommendations. The author makes no representations as to the accuracy, completeness, or suitability of this information. FXStreet and the author will not be liable for any errors, omissions or any losses, injuries or damages arising from this information and its display or use. Errors and omissions excepted.
The author and FXStreet are not registered investment advisors and nothing in this article is intended to be investment advice.
Recommended Content
Editors’ Picks
Ethereum Price Forecast: ETH ETFs total net assets plummet over 60%; Justin Sun says he won't sell ETH
Ethereum traded just below $1,600 on Thursday following a 60% plunge in the total net assets of US spot Ether ETFs.
Binance Coin price nears $600 breakout as CZ reacts to BNB listing on Kraken
Binance Coin price posted considerable gains on Thursday, fuelled by investor optimism tied to its upcoming listing on the U.S.-based crypto exchange Kraken.
Binance CEO affirms company's involvement in advising countries on Bitcoin Reserve
Binance CEO Richard Teng shared in a report on Thursday that the cryptocurrency exchange has advised different governments on crypto regulations and the need to create a strategic Bitcoin reserve.
Slovenia moves to impose 25% tax on crypto traders
Slovenia has become the latest European Union member state to crack down on untaxed crypto gains, unveiling a proposal to impose a 25% tax on personal profits from digital asset disposals starting in 2026.
Bitcoin Weekly Forecast: Market uncertainty lingers, Trump’s 90-day tariff pause sparks modest recovery
Bitcoin (BTC) price extends recovery to around $82,500 on Friday after dumping to a new year-to-date low of $74,508 to start the week. Market uncertainty remains high, leading to a massive shakeout, with total liquidations hitting $2.18 billion across crypto markets.
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.