Bitcoin Price Tests Short-Term Resistance Levels

Written by Ohris M. Greyoon, Blockchain & Crypto Expert

Source: Coinmarketcap

Updated: 4 days ago

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Short-Term Resistance Test: Bitcoin is currently testing the short-term resistance zone between $76,740 and $76,850 after rebounding from the lower $75,000 area, and a breakout could trigger stronger upward pressure.
Key Support Zone: If Bitcoin fails to break above $76,850, it may drop back toward the support zone between $72,936 and $67,626, indicating ongoing downside risk in the market.
Technical Decision Point: According to MCO Global's 15-minute chart, the proximity of the 61.8% retracement and 100% extension near $76,850 creates a crucial technical decision point that will influence future price movements.
Future Price Targets: Should Bitcoin surpass the major resistance level of $79,537, it could shift focus toward higher targets near $87,220 and $95,181, whereas failure to do so may keep it within the current volatile range.

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Technical Analysis for BTC

Technical Sentiment Analysis for Bitcoin (BTC). As of , Bitcoin (BTC) is exhibiting a Neutral technical sentiment. Our proprietary analysis, which aggregates 7 technical signals, shows that 3 indicators are flashing buy, while 4 are indicating sell.

Momentum Indicators: RSI, MACD & Overbought/Oversold Status. Currently, the Relative Strength Index (RSI) for BTC stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the crypto.

Support, Resistance & Moving Averages. From a structural perspective, BTC is trading below its 60-day moving average of $- and below its 200-day long-term moving average of $-. Key price levels to watch include the immediate resistance at $- and strong support at $-. A break above $- could signal a bull continuation, while falling below $- may test the next Fibonacci floor at $-.

Bitcoin (BTC) Support & Resistance Level

Name	S3	S2	S1	Pivot Points	R1	R2	R3
Classic	66669.641	70803.581	74582.121	78716.061	82494.601	86628.541	90407.081
Fibonacci	70803.581	73826.148	75693.493	78716.061	81738.628	83605.973	86628.541

About BTC

Bitcoin is a decentralized cryptocurrency originally described in a 2008 whitepaper by a person, or group of people, using the alias Satoshi Nakamoto. It was launched soon after, in January 2009.Bitcoin is a peer-to-peer online currency, meaning that all transactions happen directly between equal, independent network participants, without the need for any intermediary to permit or facilitate them. Bitcoin was created, according to Nakamoto’s own words, to allow “online payments to be sent directly from one party to another without going through a financial institution.”Some concepts for a similar type of a decentralized electronic currency precede BTC, but Bitcoin holds the distinction of being the first-ever cryptocurrency to come into actual use.

About the author

Ohris M. Greyoon

Ohris M. Greyoon holds a Master’s in Computer Science from MIT and has 10 years of experience in blockchain technology and cryptocurrency markets. A pioneer in decentralized finance (DeFi) analysis, he leads Intellectia’s Crypto News, offering cutting-edge insights into digital assets.

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