منو سایت

  • خانه
  • Bitcoin
  • Bitcoin Price Analysis: BTC/USD Continues to Rise as Price Hits $17,082

Bitcoin Price Analysis: BTC/USD Continues to Rise as Price Hits $17,082

 تاریخ انتشار :
/
  Bitcoin

Bitcoin price analysis shows that the BTC/USD pair has started to gain upward momentum after a period of consolidation at the $17,000 level. The daily chart shows that the price has broken out of a descending triangle pattern and is currently trading at $17,082. A break out of this pattern indicates that the bulls are in control and the price may continue to rise in the short term. The resistance level for the bulls is $17,378. On the downside, there is support at $16,994.

Picture 96
Cryptocurrency price heatmap, source: Coin360

The cryptocurrency market has seen a lot of positive movement in the last 24 hours, while most major assets have seen significant gains, with the coin price up 0.24% in the last 24 hours. Its current market capitalization is $327 billion and its 24-hour trading volume is over $22.11 million.

Bitcoin Price Analysis One-Day Price Chart: BTC/USD is forming a bullish sinking pattern

One-day Bitcoin price analysis shows that the BTC/USD pair has been trading in the $16,994-$17,378 range for the past few hours, and it seems that the bulls are slowly gaining control of the market as prices from They raise the price. The lower end of the market range has been able to make higher highs and higher lows, indicating an uptrend.

Picture 94
BTC/USD One Day Price Chart: TradingView

The moving average convergence divergence line is on the verge of a bullish crossover, which is a positive sign for the market. The MACD histogram is also in green, indicating that the bulls currently have the upper hand in the market. The RSI is currently near the 43.02 level, indicating that the market is neither overbought nor oversold. Bollinger bands are also widening, indicating increased market volatility. In general, the technical indicators on the 24-hour chart of Bitcoin price are giving up bullish signals that support the current bullish trend of the market.

Bitcoin price analysis on 4-hour price chart: Bulls continue to push prices higher

The hourly chart of Bitcoin price shows that the BTC/USD pair has formed a bullish flag pattern, which is a continuation pattern. A breakout from this pattern indicates that the bulls are in control of the market and prices may continue to rise in the short term. The coin started trading today at $17,082 and reached $17,378, but the bulls failed to sustain these prices and the coin returned to the $16,994 level.

Picture 95
BTC/USD 4-hour price chart: TradingView

The MACD line is above the signal line, indicating that the bulls are in control of the market movement. The relative strength index on the 4-hour price chart is currently near the 58.81 level, which indicates that the market is in an overbought zone. However, since the RSI is not at extreme levels, there is still room for prices to rise. The bulls are in control of the market as the Bollinger Bands move above the candlesticks.

Conclusion of Bitcoin price analysis

As a result, Bitcoin price analysis shows that the bulls are in control of the market and prices may continue to rise in the short term. Technical indicators on the 4-hour and 1-day charts both give bullish signals, indicating that prices may continue to rise in the short term. The next resistance level for the bulls is $17,378, and if they can break above this level, we could see prices rally towards the $17,550 resistance level. On the downside, there is support at $16,994 and if prices move below this level, we can test the $16,570 support level.

disclaimer The information provided is not commercial advice. Ramzifa.ir is not responsible for any investments made based on the information provided on this page. We strongly recommend independent research and/or consultation with a qualified professional before making any investment decisions.

While you wait for Bitcoin to move further, check out our long-term price predictions on Chainlink, VeChain and Solana.