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

Trump Family touches Magic Eden with cease-and-desists about crypto-wallet plans: Bloomberg

2025-06-05

Solana flows the nail and possibly drags the price below $ 140, while the goal of $ 250 remains active

2025-06-05

Circle stock price Skyrockets 234% in less than 30 minutes, causing multiple commercial levels

2025-06-05
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

    Maskdao acquires Orb.Club, which unlocks virality in the chain to stimulate the creator economy

    2025-06-05

    $ 650 million bridged to Solana in May, with $ 400 million contributing to Ethereum

    2025-06-05

    SFT protocol works together with Manuspay to stimulate the Echt-Wold Depin Utility in Web3 payments

    2025-06-05

    New Solana -Tool repairs the KYC bottleneck

    2025-06-05

    Consensys acquires Web3Auth to reinvent Metamask onboarding

    2025-06-04
  • Web 3
    • NFT
    • Metaverse
  • Regulation

    Hong Kong Reading to legalize Bitcoin and Crypto derivatives in PURT to Web3 leadership

    2025-06-05

    US-based ETFs that set for growth, despite some regulatory, macro-tailwinds

    2025-06-04

    NYSE ARCA submits to mention Truth Social’s Spot Bitcoin ETF

    2025-06-03

    Donald Trump Jr. says that family came in crypto after he was degraded, realizing the financial system was ‘Pyramid Scheme’

    2025-06-03

    Dubai Crypto ambitions rise with Solana and Ripple Moves

    2025-06-03
  • Analysis

    Circle stock price Skyrockets 234% in less than 30 minutes, causing multiple commercial levels

    2025-06-05

    Here are the two most important graphs in the entire macro, according to the former Goldman Sachs director Raoul Pal

    2025-06-05

    Price slips further, investors on Edge

    2025-06-05

    XRPL is confronted

    2025-06-05

    Analyst says that the Solana-based memecoin institution phase for ‘full parabola’ predicts new of all time for one active

    2025-06-05
  • Learn

    What Are Liquidity Pools? A Beginner’s Guide

    2025-06-05

    What Is Yield Farming and How Does It Work?

    2025-06-02

    What Is Asset Tokenization? How It Works and Why It’s Important

    2025-05-30

    What Is DeFi 2.0 and Why It Matters

    2025-05-27

    Crypto Margin Trading: How It Works and How to Manage the Risks

    2025-05-26
  • Blog
  • Contact
    • Tech7685@gmail.com
Bitcoin Platform – Bitcoin | Altcoins | Blockchain | News Stories Updated Daily
Home»Altcoins»Bitcoin Price Relatively Muted, What Are the Chances of a Recovery?
Altcoins

Bitcoin Price Relatively Muted, What Are the Chances of a Recovery?

2023-08-28No Comments3 Mins Read
Share
Facebook Twitter LinkedIn Pinterest Email

Bitcoin price is stuck in a narrow range above the USD 25,900 support. BTC could start a decent increase if it closes above USD 26,200 and then USD 26,500.

  • Bitcoin is struggling to break the USD 26,500 resistance zone.
  • The price is trading below $26,200 and the 100 hourly Simple Moving Average.
  • A connecting bearish trendline is forming with resistance near USD 26,070 on the hourly chart of the BTC/USD pair (data feed from Kraken).
  • The pair could attempt another raise if it clears $26,150 and $26,200.

Bitcoin price looks fresh

Bitcoin price attempted to settle above the USD 26,500 resistance level. However, BTC failed to stay above USD 26,500 and it started a fresh decline.

There was a move below the $26,250 pivot level. The price fell below the 50% Fib retracement level of the upward move from the $25,360 swing low to the $26,780 high. It seems that the price is now stuck in a narrow range above the $25,900 support zone.

Bitcoin is now trading below $26,200 and the 100 Hourly Simple Moving Average. A connecting bearish trendline is also forming with resistance around $26,070 on the hourly chart of the BTC/USD pair.

On the upside, immediate resistance is near the USD 26,100 level, trendline and 100 hourly simple moving average. The first major resistance is now near the USD 26,200 level, above which the price could rise towards the USD 26,500 resistance.

Bitcoin price

Source: BTCUSD at TradingView.com

To start a strong increase, the price must break above the USD 26,500 resistance. In the case mentioned, the price could test the USD 27,000 level. Any further gains could set the pace for a bigger rise towards $27,800.

See also  Mantle Token Sets New ATH With Awesome 7% Gain: What's Next for MNT?

Lose more in BTC?

If Bitcoin fails to clear the USD 26,200 resistance, it could continue to decline. Immediate support on the downside is near the $25,900 zone or the 61.8% Fib retracement level of the upward move from the $25,360 swing low to the $26,780 high.

The next major support is near the USD 25,400 level. A downside break below the USD 25,400 level could push the price further down. In the said case, the price could fall towards USD 24,800.

Technical indicators:

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

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

Key Support Levels – $25,900, followed by $25,400.

Key resistance levels – $26,200, $26,500 and $27,000.

Source link

Bitcoin chances Muted Price Recovery
Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

Solana flows the nail and possibly drags the price below $ 140, while the goal of $ 250 remains active

2025-06-05

Circle stock price Skyrockets 234% in less than 30 minutes, causing multiple commercial levels

2025-06-05

Bitcoin wallet Creation raises 6 months, but traders sit back: why?

2025-06-05

VerifiedX launches safe accounts – Setting a new standard for Bitcoin security

2025-06-05
Add A Comment

Comments are closed.

Top Posts

Possibly Black Swan event income after Bitcoin and Altcoin Bull Trap, says Trader – here are his goals

2025-03-08

Bitcoin Fear & Greed Index Hits Low in Three Months, Is the Bleed Over?

2024-01-24

Analyst predicts Terra LUNA to rise 80-100% after a major event

2023-10-29
Editors Picks

Bitcoin’s Impact on NFTs Highlighted in New Report on Ordinal Numbers

2023-10-07

Robert Kiyosaki warns of the 1929-like market crash crash such as Moody’s Downgrades US Credit

2025-05-20

JPMorgan Chase, Bank of America and Wells Fargo to Testify After Allegedly Refusing to Refund $115,000,000 to Zelle Customers: Report

2024-07-06

Ethereum Crosses $2,200, Investors Expect $3,000 This Week

2023-12-04

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

Trump Family touches Magic Eden with cease-and-desists about crypto-wallet plans: Bloomberg

Solana flows the nail and possibly drags the price below $ 140, while the goal of $ 250 remains active

Circle stock price Skyrockets 234% in less than 30 minutes, causing multiple commercial levels

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)$101,651.82-3.19%
  • ethereumEthereum(ETH)$2,430.71-7.12%
  • tetherTether USDt(USDT)$1.00-0.02%
  • rippleXRP(XRP)$2.10-5.03%
  • binancecoinBNB(BNB)$634.09-4.68%
  • solanaSolana(SOL)$144.50-6.81%
  • usd-coinUSDC(USDC)$1.000.02%
  • dogecoinDogecoin(DOGE)$0.171500-9.39%
  • tronTRON(TRX)$0.267922-2.00%
  • cardanoCardano(ADA)$0.63-6.16%
  • hyperliquidHyperliquid(HYPE)$34.05-3.05%
  • suiSui(SUI)$2.96-7.59%
  • chainlinkChainlink(LINK)$12.97-6.49%
  • unus-sed-leoUNUS SED LEO(LEO)$8.83-2.51%
  • stellarStellar(XLM)$0.256950-4.05%
  • avalanche-2Avalanche(AVAX)$18.83-7.47%
  • bitcoin-cashBitcoin Cash(BCH)$385.12-4.01%
  • the-open-networkToncoin(TON)$3.06-3.91%
  • shiba-inuShiba Inu(SHIB)$0.000012-5.83%
  • hedera-hashgraphHedera(HBAR)$0.159858-4.91%
  • litecoinLitecoin(LTC)$83.25-5.63%
  • polkadotPolkadot(DOT)$3.82-5.09%
  • ethena-usdeEthena USDe(USDE)$1.00-0.03%
  • moneroMonero(XMR)$315.731.46%
  • daiDai(DAI)$1.000.00%
  • bitget-tokenBitget Token(BGB)$4.55-4.56%
  • piPi(PI)$0.61-5.49%
  • pepePepe(PEPE)$0.000011-10.72%
  • uniswapUniswap(UNI)$5.93-6.33%
  • aaveAave(AAVE)$244.76-7.86%
  • bittensorBittensor(TAO)$356.79-6.09%
  • okbOKB(OKB)$49.96-0.01%
  • crypto-com-chainCronos(CRO)$0.097467-2.83%
  • aptosAptos(APT)$4.54-5.84%
  • nearNEAR Protocol(NEAR)$2.27-7.81%
  • internet-computerInternet Computer(ICP)$4.90-6.76%
  • ethereum-classicEthereum Classic(ETC)$16.37-5.38%
  • ondo-financeOndo(ONDO)$0.78-6.64%
  • gatechain-tokenGateToken(GT)$18.35-4.27%
  • usd1World Liberty Financial USD(USD1)$1.000.03%
  • kaspaKaspa(KAS)$0.081753-2.62%
  • mantleMantle(MNT)$0.63-5.05%
  • polygon-ecosystem-tokenPOL (prev. MATIC)(POL)$0.199311-6.64%
  • official-trumpOFFICIAL TRUMP(TRUMP)$9.82-9.56%
  • vechainVeChain(VET)$0.022658-5.15%
  • render-tokenRender(RENDER)$3.57-5.44%
  • ethenaEthena(ENA)$0.290352-7.98%
  • artificial-superintelligence-allianceArtificial Superintelligence Alliance(FET)$0.73-7.82%
  • worldcoin-wldWorldcoin(WLD)$1.03-10.53%
  • cosmosCosmos(ATOM)$4.09-4.60%
  • bitcoinBitcoin(BTC)$101,651.82-3.19%
  • ethereumEthereum(ETH)$2,430.71-7.12%
  • tetherTether USDt(USDT)$1.00-0.02%
  • rippleXRP(XRP)$2.10-5.03%
  • binancecoinBNB(BNB)$634.09-4.68%
  • solanaSolana(SOL)$144.50-6.81%
  • usd-coinUSDC(USDC)$1.000.02%
  • dogecoinDogecoin(DOGE)$0.171500-9.39%
  • tronTRON(TRX)$0.267922-2.00%
  • cardanoCardano(ADA)$0.63-6.16%
  • hyperliquidHyperliquid(HYPE)$34.05-3.05%
  • suiSui(SUI)$2.96-7.59%
  • chainlinkChainlink(LINK)$12.97-6.49%
  • unus-sed-leoUNUS SED LEO(LEO)$8.83-2.51%
  • stellarStellar(XLM)$0.256950-4.05%
  • avalanche-2Avalanche(AVAX)$18.83-7.47%
  • bitcoin-cashBitcoin Cash(BCH)$385.12-4.01%
  • the-open-networkToncoin(TON)$3.06-3.91%
  • shiba-inuShiba Inu(SHIB)$0.000012-5.83%
  • hedera-hashgraphHedera(HBAR)$0.159858-4.91%
  • litecoinLitecoin(LTC)$83.25-5.63%
  • polkadotPolkadot(DOT)$3.82-5.09%
  • ethena-usdeEthena USDe(USDE)$1.00-0.03%
  • moneroMonero(XMR)$315.731.46%
  • daiDai(DAI)$1.000.00%
  • bitget-tokenBitget Token(BGB)$4.55-4.56%
  • piPi(PI)$0.61-5.49%
  • pepePepe(PEPE)$0.000011-10.72%
  • uniswapUniswap(UNI)$5.93-6.33%
  • aaveAave(AAVE)$244.76-7.86%
  • bittensorBittensor(TAO)$356.79-6.09%
  • okbOKB(OKB)$49.96-0.01%
  • crypto-com-chainCronos(CRO)$0.097467-2.83%
  • aptosAptos(APT)$4.54-5.84%
  • nearNEAR Protocol(NEAR)$2.27-7.81%
  • internet-computerInternet Computer(ICP)$4.90-6.76%
  • ethereum-classicEthereum Classic(ETC)$16.37-5.38%
  • ondo-financeOndo(ONDO)$0.78-6.64%
  • gatechain-tokenGateToken(GT)$18.35-4.27%
  • usd1World Liberty Financial USD(USD1)$1.000.03%
  • kaspaKaspa(KAS)$0.081753-2.62%
  • mantleMantle(MNT)$0.63-5.05%
  • polygon-ecosystem-tokenPOL (prev. MATIC)(POL)$0.199311-6.64%
  • official-trumpOFFICIAL TRUMP(TRUMP)$9.82-9.56%
  • vechainVeChain(VET)$0.022658-5.15%
  • render-tokenRender(RENDER)$3.57-5.44%
  • ethenaEthena(ENA)$0.290352-7.98%
  • artificial-superintelligence-allianceArtificial Superintelligence Alliance(FET)$0.73-7.82%
  • worldcoin-wldWorldcoin(WLD)$1.03-10.53%
  • cosmosCosmos(ATOM)$4.09-4.60%