Close Menu
  • News
    • Bitcoin
    • Altcoins
    • DeFi
    • Market Cap
  • Blockchain
  • Web 3
    • NFT
    • Metaverse
  • Regulation
  • Analysis
  • Learn
  • Blog
  • Contact
    • Tech7685@gmail.com
What's Hot

Tron and Ethereum fight for the USDT top position

2025-05-13

Sui surpasses Solana with $ 11.7 million inflow – more upside down?

2025-05-13

Hyperliquid affects $ 6 billion in open interest while Bitcoin tests $ 105k near price discovery

2025-05-13
Facebook X (Twitter) Instagram
  • Contact
  • Terms & Conditions
  • Privacy Policy
  • DMCA
  • Advertise
  • Free.cc (Free Crypto)
Facebook X (Twitter) Instagram
Bitcoin Platform – Bitcoin | Altcoins | Blockchain | News Stories Updated Daily
  • News
    • Bitcoin
    • Altcoins
    • DeFi
    • Market Cap
  • Blockchain

    Tron and Ethereum fight for the USDT top position

    2025-05-13

    Stargate brings Cronos closer to the future of Omnichain

    2025-05-13

    Abu Dhabi launches a large project with Agile Dynamics for quantum -safe blockchain

    2025-05-13

    Zimbabwe is turning into blockchain to breathe new life into the trust of the carbon credit of carbon credit

    2025-05-13

    Atlaspad and Arichain unite to stimulate user-friendly and scalable web3 acceptance

    2025-05-12
  • Web 3
    • NFT
    • Metaverse
  • Regulation

    SEC chairman atkins repeats himself to overhaul crypto rules, promises to end ‘Regulation by enforcement’

    2025-05-12

    ‘Bond King’ Jeffrey Gundlach calls a catalyst who can cause an interest rate this year

    2025-05-11

    Concern about Trump’s conflict of interest slows down the progress of a broader crypto policy

    2025-05-10

    The German police interrupt $ 38,260,000 in crypto from Exchanges in the midst of allegations. The exchange has been washed bybit funds

    2025-05-10

    Trump Blackballs Lobby firm about controversy related to his ‘Crypto Strategic Reserve’ Truth Social Post: Report: Report

    2025-05-10
  • Analysis

    Hyperliquid affects $ 6 billion in open interest while Bitcoin tests $ 105k near price discovery

    2025-05-13

    Cardano (ADA) Dips: Temporary correction or start of deeper movement?

    2025-05-13

    The market capitalization of PI Network jumps $ 7 billion like token skyrockets 110% in a week in the middle of market bending

    2025-05-13

    Can the resistance crush and re -design the rally?

    2025-05-12

    XRP performs better than the crypto market with 10% jump if open interest rises beyond $ 5 billion

    2025-05-12
  • Learn

    What Is Proof-of-Work (PoW)?

    2025-05-12

    What Is Proof-of-Authority (PoA)?

    2025-05-09

    What Is Proof-of-Stake (PoS)? A Beginner’s Guide

    2025-05-09

    What Is a Layer-1 (L1) Blockchain?

    2025-05-03

    What is a Layer-2 (L2) Blockchain Network Solution?

    2025-05-02
  • Blog
  • Contact
    • Tech7685@gmail.com
Bitcoin Platform – Bitcoin | Altcoins | Blockchain | News Stories Updated Daily
Home»Analysis»Bitcoin price holds 100 SMA
Analysis

Bitcoin price holds 100 SMA

2023-10-28No Comments3 Mins Read
Share
Facebook Twitter LinkedIn Pinterest Email

Bitcoin price is still above the USD 33,200 support zone. BTC could start a new increase unless there is a close below the 100 hourly SMA and $33,400.

  • Bitcoin is still struggling to overcome the $35,000 resistance.
  • The price is trading above USD 33,500 and the 100 hourly Simple Moving Average.
  • A connecting bearish trendline is forming with resistance near $34,120 on the hourly chart of the BTC/USD pair (data feed from Kraken).
  • The pair could start a new rise if it crosses the trendline and then $34,555.

Bitcoin price provides important support

Bitcoin price failed to gain strength before closing above the USD 35,000 resistance zone. BTC started a new decline below the USD 34,500 level. There was also a move below the $34,000 zone before the bulls appeared.

A low is formed near $33,717 and the price is still well above the 100 hourly Simple Moving Average. It is slowly moving higher above the USD 34,000 level. There was a break above the 23.6% Fib retracement level of the downward move from the $35,140 swing high to the $33,717 low.

Bitcoin is now trading above $33,650 and the 100 hourly Simple Moving Average. On the upside, immediate resistance is around the $34,100 level. A connecting bearish trendline is also forming with resistance near $34,120 on the hourly chart of the BTC/USD pair.

The next major resistance could be near $34,550, or the 61.8% Fib retracement level of the downward move from the $35,140 swing high to the $33,717 low. The main resistance is still near the $35,000 zone.

See also  Bitcoin who performs better than S&P 500 year-to-date is an 'performance', says Bloomberg Analyst but there is a catch

Bitcoin price

Source: BTCUSD on TradingView.com

A clear move above the USD 35,000 resistance could trigger a fresh increase. The next major resistance could be at USD 36,500. Any further gains could send BTC towards the $38,000 level in the coming days.

Another drop in BTC?

If Bitcoin fails to rise above the USD 34,550 resistance zone, it could trigger another decline. The immediate downside support is near the USD 33,700 level.

The next major support is near the $33,400 level and the 100 hourly Simple Moving Average. If there is a move below the 100 hourly Simple Moving Average, there is a risk of more downside. In the mentioned case, the price could fall towards the USD 31,500 level in the coming sessions.

Technical indicators:

Hourly MACD – The MACD is now losing pace in the bullish zone.

Hourly RSI (Relative Strength Index) – The RSI for BTC/USD is now below the 50 level.

Major support levels – USD 33,700, followed by USD 33,400.

Major resistance levels – $34,120, $34,550 and $35,000.

Source link

Bitcoin holds Price SMA
Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

Hyperliquid affects $ 6 billion in open interest while Bitcoin tests $ 105k near price discovery

2025-05-13

Why push the rate of the US-China 90-day Slash Bitcoin price above $ 110,000

2025-05-13

Bitcoin is confronted with key resistance after 10% rally

2025-05-13

Cardano (ADA) Dips: Temporary correction or start of deeper movement?

2025-05-13
Add A Comment

Comments are closed.

Top Posts

Would you buy a house as an NFT?

2024-02-28

Mapping out whether Litecoin is currently really undervalued

2023-12-12

As Bitcoin rises, miners reap these benefits

2023-12-24
Editors Picks

Why Chainlink caught the attention of whales was bad for Synthetix

2023-09-24

Introducing Token Swap for Unstoppable Lite Wallet: Powered by Swing

2024-11-25

AltLayer partners with BlockSec to improve rollup security

2024-08-15

Litecoin once again surpasses Bitcoin in this area

2024-01-07

Our mission is to develop a community of people who try to make financially sound decisions. The website strives to educate individuals in making wise choices about Cryptocurrencies, Defi, NFT, Metaverse and more.

We're social. Connect with us:

Facebook X (Twitter) Instagram Pinterest YouTube
Top Insights

Tron and Ethereum fight for the USDT top position

Sui surpasses Solana with $ 11.7 million inflow – more upside down?

Hyperliquid affects $ 6 billion in open interest while Bitcoin tests $ 105k near price discovery

Get Informed

Subscribe to Updates

Get the latest news and Update from Bitcoin Platform about Crypto, Metaverse, NFT and more.

  • Contact
  • Terms & Conditions
  • Privacy Policy
  • DMCA
  • Advertise
  • Free.cc (Free Crypto)
© 2025 Bitcoinplatform.com - All rights reserved.

Type above and press Enter to search. Press Esc to cancel.

  • bitcoinBitcoin(BTC)$103,508.02-0.32%
  • ethereumEthereum(ETH)$2,543.04-0.65%
  • tetherTether USDt(USDT)$1.000.02%
  • rippleXRP(XRP)$2.54-1.57%
  • binancecoinBNB(BNB)$655.98-3.72%
  • solanaSolana(SOL)$174.49-1.58%
  • usd-coinUSDC(USDC)$1.000.03%
  • dogecoinDogecoin(DOGE)$0.228815-3.95%
  • cardanoCardano(ADA)$0.80-4.21%
  • tronTRON(TRX)$0.266176-3.71%
  • suiSui(SUI)$4.01-1.52%
  • chainlinkChainlink(LINK)$16.77-3.08%
  • avalanche-2Avalanche(AVAX)$24.81-2.08%
  • stellarStellar(XLM)$0.308444-5.27%
  • shiba-inuShiba Inu(SHIB)$0.000016-4.98%
  • hedera-hashgraphHedera(HBAR)$0.211062-4.85%
  • hyperliquidHyperliquid(HYPE)$25.421.47%
  • the-open-networkToncoin(TON)$3.30-6.31%
  • piPi(PI)$1.13-12.01%
  • bitcoin-cashBitcoin Cash(BCH)$403.54-2.35%
  • unus-sed-leoUNUS SED LEO(LEO)$8.622.11%
  • polkadotPolkadot(DOT)$5.05-4.14%
  • litecoinLitecoin(LTC)$101.70-0.49%
  • moneroMonero(XMR)$342.950.14%
  • pepePepe(PEPE)$0.000014-0.36%
  • bitget-tokenBitget Token(BGB)$4.77-3.27%
  • daiDai(DAI)$1.000.01%
  • ethena-usdeEthena USDe(USDE)$1.000.03%
  • uniswapUniswap(UNI)$6.82-3.75%
  • bittensorBittensor(TAO)$457.98-0.31%
  • nearNEAR Protocol(NEAR)$3.14-2.73%
  • aptosAptos(APT)$5.77-3.98%
  • aaveAave(AAVE)$221.19-0.57%
  • ondo-financeOndo(ONDO)$1.03-3.37%
  • okbOKB(OKB)$54.25-2.44%
  • kaspaKaspa(KAS)$0.121617-1.71%
  • internet-computerInternet Computer(ICP)$5.69-5.55%
  • ethereum-classicEthereum Classic(ETC)$19.82-2.52%
  • gatechain-tokenGateToken(GT)$21.87-0.87%
  • render-tokenRender(RENDER)$5.17-2.54%
  • mantleMantle(MNT)$0.80-3.04%
  • crypto-com-chainCronos(CRO)$0.100597-1.06%
  • polygon-ecosystem-tokenPOL (prev. MATIC)(POL)$0.252203-5.04%
  • vechainVeChain(VET)$0.030427-6.06%
  • official-trumpOFFICIAL TRUMP(TRUMP)$12.89-6.72%
  • ethenaEthena(ENA)$0.394868-3.70%
  • usd1World Liberty Financial USD(USD1)$1.00-0.31%
  • filecoinFilecoin(FIL)$3.09-4.28%
  • algorandAlgorand(ALGO)$0.238557-5.15%
  • celestiaCelestia(TIA)$3.220.05%
  • bitcoinBitcoin(BTC)$103,508.02-0.32%
  • ethereumEthereum(ETH)$2,543.04-0.65%
  • tetherTether USDt(USDT)$1.000.02%
  • rippleXRP(XRP)$2.54-1.57%
  • binancecoinBNB(BNB)$655.98-3.72%
  • solanaSolana(SOL)$174.49-1.58%
  • usd-coinUSDC(USDC)$1.000.03%
  • dogecoinDogecoin(DOGE)$0.228815-3.95%
  • cardanoCardano(ADA)$0.80-4.21%
  • tronTRON(TRX)$0.266176-3.71%
  • suiSui(SUI)$4.01-1.52%
  • chainlinkChainlink(LINK)$16.77-3.08%
  • avalanche-2Avalanche(AVAX)$24.81-2.08%
  • stellarStellar(XLM)$0.308444-5.27%
  • shiba-inuShiba Inu(SHIB)$0.000016-4.98%
  • hedera-hashgraphHedera(HBAR)$0.211062-4.85%
  • hyperliquidHyperliquid(HYPE)$25.421.47%
  • the-open-networkToncoin(TON)$3.30-6.31%
  • piPi(PI)$1.13-12.01%
  • bitcoin-cashBitcoin Cash(BCH)$403.54-2.35%
  • unus-sed-leoUNUS SED LEO(LEO)$8.622.11%
  • polkadotPolkadot(DOT)$5.05-4.14%
  • litecoinLitecoin(LTC)$101.70-0.49%
  • moneroMonero(XMR)$342.950.14%
  • pepePepe(PEPE)$0.000014-0.36%
  • bitget-tokenBitget Token(BGB)$4.77-3.27%
  • daiDai(DAI)$1.000.01%
  • ethena-usdeEthena USDe(USDE)$1.000.03%
  • uniswapUniswap(UNI)$6.82-3.75%
  • bittensorBittensor(TAO)$457.98-0.31%
  • nearNEAR Protocol(NEAR)$3.14-2.73%
  • aptosAptos(APT)$5.77-3.98%
  • aaveAave(AAVE)$221.19-0.57%
  • ondo-financeOndo(ONDO)$1.03-3.37%
  • okbOKB(OKB)$54.25-2.44%
  • kaspaKaspa(KAS)$0.121617-1.71%
  • internet-computerInternet Computer(ICP)$5.69-5.55%
  • ethereum-classicEthereum Classic(ETC)$19.82-2.52%
  • gatechain-tokenGateToken(GT)$21.87-0.87%
  • render-tokenRender(RENDER)$5.17-2.54%
  • mantleMantle(MNT)$0.80-3.04%
  • crypto-com-chainCronos(CRO)$0.100597-1.06%
  • polygon-ecosystem-tokenPOL (prev. MATIC)(POL)$0.252203-5.04%
  • vechainVeChain(VET)$0.030427-6.06%
  • official-trumpOFFICIAL TRUMP(TRUMP)$12.89-6.72%
  • ethenaEthena(ENA)$0.394868-3.70%
  • usd1World Liberty Financial USD(USD1)$1.00-0.31%
  • filecoinFilecoin(FIL)$3.09-4.28%
  • algorandAlgorand(ALGO)$0.238557-5.15%
  • celestiaCelestia(TIA)$3.220.05%