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 Starts Into a Range in 2024, Can the Bulls Take Over?
Altcoins

Bitcoin Price Starts Into a Range in 2024, Can the Bulls Take Over?

2024-01-01No Comments3 Mins Read
Share
Facebook Twitter LinkedIn Pinterest Email

Bitcoin price holds gains above the $41,500 zone. BTC is rising and could gain bullish momentum above the USD 43,200 resistance zone.

  • Bitcoin is attempting a fresh rise above the USD 42,500 resistance zone.
  • The price is trading above USD 42,200 and the 100 hourly Simple Moving Average.
  • A major bullish trendline is forming with support near $42,280 on the hourly chart of the BTC/USD pair (data feed from Kraken).
  • The pair could continue to rise if a close above the $43,200 resistance zone occurs.

Bitcoin price remains supported

Bitcoin price fell and broke the USD 42,200 support zone. BTC formed a base above the USD 41,200 level and recently started a new increase.

A low was formed at $41,317 and the price is now rising. There was a move above the USD 42,000 resistance zone. The price climbed above the 50% Fib retracement level of the downward move from the $43,792 swing high to the $41,317 low.

Bitcoin is now trading above $42,200 and the 100 hourly Simple Moving Average. There is also a major bullish trendline forming with support around $42,280 on the hourly chart of the BTC/USD pair.

On the upside, immediate resistance is around the $42,800 level. It is close to the 61.8% Fib retracement level of the downward move from the $43,792 swing high to the $41,317 low. The first major resistance is $43,200. A close above the USD 43,200 level could send the price rising further.

Bitcoin price

Source: BTCUSD on TradingView.com

The main hurdle is at $43,800. A close above the $43,800 resistance could mark a decent move towards the $44,500 level. The next major resistance could be near USD 45,000, above which BTC could rise towards the USD 46,200 level.

See also  Deribit Moves $783 Million Worth of Ethereum to Cold Storage: A Bullish Signal for ETH?

Another drop in BTC?

If Bitcoin fails to rise above the USD 43,200 resistance zone, it could start a new decline. The immediate downside support is near the $42,250 level and the trendline.

The next major support is near $41,620. If there is a move below $41,620, there is a risk of more losses. In the mentioned case, the price could fall towards the USD 40,500 support in the short term.

Technical indicators:

Hourly MACD – The MACD is now gaining speed in the bullish zone.

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

Major support levels – USD 42,250, followed by USD 41,620.

Major resistance levels – $42,800, $43,200 and $43,800.

Disclaimer: The article is for educational purposes only. It does not represent NewsBTC’s views on buying, selling or holding investments and of course investing involves risks. You are advised to conduct your own research before making any investment decisions. Use the information on this website entirely at your own risk.

Source link

Bitcoin Bulls Price Range Starts
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

Satoshi-era Bitcoin Whale Emerges and Makes Huge Move of $630,000

2024-10-15

3.6 million accounts and counting

2024-10-11

Bitcoin is getting high all time without a hefoma-is $ 120k next?

2025-05-22
Editors Picks

The Bitcoin exchange balance is falling sharply, and that means BTC is now…

2024-12-03

Atok and Bitget Wallet Collab to improve the user’s crypto experience

2025-03-10

Binance CEO Highlights Timing Of Beijing’s Web3 White Paper Amid Crypto Regulatory Changes In China And Hong Kong

2023-05-28

MetaMask Parent Consensys Urges SEC to Consider Approval of Spot Ethereum ETF

2024-03-31

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)$101,338.88-3.37%
  • ethereumEthereum(ETH)$2,422.21-7.30%
  • tetherTether USDt(USDT)$1.00-0.04%
  • rippleXRP(XRP)$2.09-5.44%
  • binancecoinBNB(BNB)$631.66-4.88%
  • solanaSolana(SOL)$143.84-7.08%
  • usd-coinUSDC(USDC)$1.000.00%
  • dogecoinDogecoin(DOGE)$0.171120-9.50%
  • tronTRON(TRX)$0.267483-2.50%
  • cardanoCardano(ADA)$0.63-6.27%
  • hyperliquidHyperliquid(HYPE)$33.91-4.24%
  • suiSui(SUI)$2.95-7.77%
  • chainlinkChainlink(LINK)$12.89-7.19%
  • unus-sed-leoUNUS SED LEO(LEO)$8.72-3.07%
  • stellarStellar(XLM)$0.256138-4.37%
  • avalanche-2Avalanche(AVAX)$18.75-7.64%
  • bitcoin-cashBitcoin Cash(BCH)$383.08-4.42%
  • the-open-networkToncoin(TON)$3.05-3.84%
  • shiba-inuShiba Inu(SHIB)$0.000012-6.12%
  • hedera-hashgraphHedera(HBAR)$0.159573-4.90%
  • litecoinLitecoin(LTC)$83.21-5.72%
  • polkadotPolkadot(DOT)$3.81-5.66%
  • ethena-usdeEthena USDe(USDE)$1.00-0.02%
  • moneroMonero(XMR)$313.980.60%
  • daiDai(DAI)$1.000.01%
  • bitget-tokenBitget Token(BGB)$4.55-4.50%
  • pepePepe(PEPE)$0.000011-10.61%
  • piPi(PI)$0.61-5.40%
  • uniswapUniswap(UNI)$5.90-6.94%
  • aaveAave(AAVE)$243.85-7.98%
  • bittensorBittensor(TAO)$355.06-6.14%
  • okbOKB(OKB)$49.79-0.42%
  • crypto-com-chainCronos(CRO)$0.097588-2.63%
  • aptosAptos(APT)$4.49-6.77%
  • nearNEAR Protocol(NEAR)$2.25-8.31%
  • internet-computerInternet Computer(ICP)$4.88-7.47%
  • ethereum-classicEthereum Classic(ETC)$16.30-5.88%
  • ondo-financeOndo(ONDO)$0.78-6.61%
  • gatechain-tokenGateToken(GT)$18.45-3.77%
  • usd1World Liberty Financial USD(USD1)$1.00-0.01%
  • kaspaKaspa(KAS)$0.081472-3.22%
  • mantleMantle(MNT)$0.63-5.29%
  • polygon-ecosystem-tokenPOL (prev. MATIC)(POL)$0.199455-6.98%
  • official-trumpOFFICIAL TRUMP(TRUMP)$9.79-9.81%
  • vechainVeChain(VET)$0.022673-5.09%
  • render-tokenRender(RENDER)$3.57-5.40%
  • ethenaEthena(ENA)$0.288143-9.70%
  • artificial-superintelligence-allianceArtificial Superintelligence Alliance(FET)$0.73-8.78%
  • worldcoin-wldWorldcoin(WLD)$1.03-10.42%
  • cosmosCosmos(ATOM)$4.10-4.76%
  • bitcoinBitcoin(BTC)$101,338.88-3.37%
  • ethereumEthereum(ETH)$2,422.21-7.30%
  • tetherTether USDt(USDT)$1.00-0.04%
  • rippleXRP(XRP)$2.09-5.44%
  • binancecoinBNB(BNB)$631.66-4.88%
  • solanaSolana(SOL)$143.84-7.08%
  • usd-coinUSDC(USDC)$1.000.00%
  • dogecoinDogecoin(DOGE)$0.171120-9.50%
  • tronTRON(TRX)$0.267483-2.50%
  • cardanoCardano(ADA)$0.63-6.27%
  • hyperliquidHyperliquid(HYPE)$33.91-4.24%
  • suiSui(SUI)$2.95-7.77%
  • chainlinkChainlink(LINK)$12.89-7.19%
  • unus-sed-leoUNUS SED LEO(LEO)$8.72-3.07%
  • stellarStellar(XLM)$0.256138-4.37%
  • avalanche-2Avalanche(AVAX)$18.75-7.64%
  • bitcoin-cashBitcoin Cash(BCH)$383.08-4.42%
  • the-open-networkToncoin(TON)$3.05-3.84%
  • shiba-inuShiba Inu(SHIB)$0.000012-6.12%
  • hedera-hashgraphHedera(HBAR)$0.159573-4.90%
  • litecoinLitecoin(LTC)$83.21-5.72%
  • polkadotPolkadot(DOT)$3.81-5.66%
  • ethena-usdeEthena USDe(USDE)$1.00-0.02%
  • moneroMonero(XMR)$313.980.60%
  • daiDai(DAI)$1.000.01%
  • bitget-tokenBitget Token(BGB)$4.55-4.50%
  • pepePepe(PEPE)$0.000011-10.61%
  • piPi(PI)$0.61-5.40%
  • uniswapUniswap(UNI)$5.90-6.94%
  • aaveAave(AAVE)$243.85-7.98%
  • bittensorBittensor(TAO)$355.06-6.14%
  • okbOKB(OKB)$49.79-0.42%
  • crypto-com-chainCronos(CRO)$0.097588-2.63%
  • aptosAptos(APT)$4.49-6.77%
  • nearNEAR Protocol(NEAR)$2.25-8.31%
  • internet-computerInternet Computer(ICP)$4.88-7.47%
  • ethereum-classicEthereum Classic(ETC)$16.30-5.88%
  • ondo-financeOndo(ONDO)$0.78-6.61%
  • gatechain-tokenGateToken(GT)$18.45-3.77%
  • usd1World Liberty Financial USD(USD1)$1.00-0.01%
  • kaspaKaspa(KAS)$0.081472-3.22%
  • mantleMantle(MNT)$0.63-5.29%
  • polygon-ecosystem-tokenPOL (prev. MATIC)(POL)$0.199455-6.98%
  • official-trumpOFFICIAL TRUMP(TRUMP)$9.79-9.81%
  • vechainVeChain(VET)$0.022673-5.09%
  • render-tokenRender(RENDER)$3.57-5.40%
  • ethenaEthena(ENA)$0.288143-9.70%
  • artificial-superintelligence-allianceArtificial Superintelligence Alliance(FET)$0.73-8.78%
  • worldcoin-wldWorldcoin(WLD)$1.03-10.42%
  • cosmosCosmos(ATOM)$4.10-4.76%