This Bitcoin analysis reviews the cryptocurrency from technical aspects. It also features trend examination, price forecasts, support and resistance levels, and trading signals.
We update this page daily to ensure you have the latest information by covering the Bitcoin price changes.
Bitcoin Analysis & Live Chart
Bitcoin Technical Analysis
FenzoFx—Bitcoin is trading bullishly, remaining above the 50-period simple moving average and the 81,160 support level. As of this writing, Bitcoin hovers around $85,650, testing this area as resistance.
The primary trend remains bullish as long as the price stays above the 81,160 support level. In this scenario, the next bullish target could be the $88,650 resistance level.
The Bearish Scenario
The immediate support is at $82,811. From a technical perspective, BTC could begin a consolidation phase if bears close and stabilize below this price. If this scenario unfolds, the price could retest the 50-period SMA at 81,160 as support.
Bitcoin Support and Resistance Levels
| Support | 81,160 | 79,000 | 74,745 |
| Resistance | 86,140 | 88,650 | 100,000 |
Bitcoin Trends Through Technical Indicators
The widget below calculates BTC/USD market trends using multiple indicators, such as moving averages and oscillators. It allows you to review market trends across various time frames easily.
The larger the timeframe, the more accurate the signals tend to be. Integrating this widget into your strategy and considering our fundamental news can help you make well-informed decisions.
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