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

Analyst predicts huge Bitcoin outburst based on one gold graph, sees the Altcoin market following

2025-05-22

XRP price to crash 30% if this happens

2025-05-22

Billionaire Justin Sun To attend the Crypto dinner with President, says he is ‘top holder’ of Trump’s memecoin

2025-05-22
Facebook X (Twitter) Instagram
  • Contact
  • Terms & Conditions
  • Privacy Policy
  • DMCA
  • Advertise
  • BitcoinPlatform.com
Facebook X (Twitter) Instagram
Free Cryptocurrency – Bitcoin | Altcoins | Blockchain | News Stories Updated Daily
  • News
    • Bitcoin
    • Altcoins
    • DeFi
    • Regulation
    • Market Cap
    • Web 3
    • Scam
  • Blockchain

    Validation Cloud implements AI -Engine on Hedera

    2025-05-22

    Sony announces the Mavet launch of Soneium Blockchain

    2025-05-21

    Nitro Labs launches data anchor to lower the storage costs of Solana

    2025-05-21

    Zimbabwe rolls out blockchain-based carbon credit market system

    2025-05-21

    Kalp Network Partners with Luffa to stimulate Web3 Privacy and RWA access

    2025-05-21
  • NFT

    Guild of Guardians leads with a huge volume of $ 796.62k

    2025-05-20

    Solana Meme Coin Ponke Set to release assembly objects, clothing via Jcorp Spinout

    2025-05-19

    The most popular collections of the moment on blockchain

    2025-05-18

    Raoul Pal sees NFT market exploding when Ethereum Bull Cycle is approaching

    2025-05-17

    Ethereum is at the top of the charts in weekly NFT sales with $ 44.7 million in sales volume

    2025-05-16
  • Metaverse

    Shib: The Metaverse – Part of the expanding Shiba Inu ecosystem

    2025-01-03

    Experience to Earn: Everdome’s Metaverse Frontier

    2024-12-30

    Beyond Bots: Meta Motivo and the Dawn of Human Digital Life

    2024-12-13

    Exploring NetVRk: What’s Behind This AI-Powered Virtual Universe?

    2024-10-28

    Council of Europe emphasizes the impact of Metaverse on privacy and democracy

    2024-09-05
  • Analysis

    Analyst predicts huge Bitcoin outburst based on one gold graph, sees the Altcoin market following

    2025-05-22

    Bitcoin price rays to New All Time Bulls takes the lead

    2025-05-22

    Mike Novogratz says that weakening dollars, broadening the shortage and the deteriorating financial situation of America ‘very good’ for Bitcoin and Crypto

    2025-05-21

    Does the XRP price mirror the Rally of 2017? Analyst points to agreements

    2025-05-21

    Bitcoin breaks $ 109k ATH to enter the price discovery again

    2025-05-21
  • Learn

    What Is a DEX (Decentralized Exchange)?

    2025-05-21

    Blockchain Explained: What It Is, How It Works and Why We Need It

    2025-05-21

    Types of Blockchain Layers Explained: Layer 0, Layer 1, Layer 2 and Layer 3

    2025-05-16

    Token vs. Coin: Key Differences You Must Know as a Beginner

    2025-05-15

    Inside Changelly: 10 years of steadfast support and compliance

    2025-05-15
  • Blog
  • Contact
    • Tech7685@gmail.com
Free Cryptocurrency – Bitcoin | Altcoins | Blockchain | News Stories Updated Daily
Home»Analysis»Bitcoin Price Struggles Post Expected Fed Result, More Losses Ahead?
Analysis

Bitcoin Price Struggles Post Expected Fed Result, More Losses Ahead?

2023-07-27No Comments3 Mins Read
Share
Facebook Twitter LinkedIn Pinterest Email

Bitcoin price is struggling to recover above the $29,000 resistance level. BTC must settle above $29,000 and then $29,600 to move into a positive zone.

  • Bitcoin is attempting a recovery wave above the $28,850 level.
  • The price is trading below $29,200 and the 100 hourly Simple moving average.
  • There is a key bullish trend line forming with support near $29,250 on the hourly chart of the BTC/USD pair (data feed from Kraken).
  • The pair could face a strong resistance near the $29,600 resistance.

Bitcoin Price Still In The Negative Zone

Bitcoin price started a short-term recovery wave above the $29,000 resistance zone. BTC was able to climb above the $29,200 resistance zone after the Fed interest rate decision.

There was a move above the 23.6% Fib retracement level of the key drop from the $30,335 swing high to the $28,880 low. However, the bears were active near the $29,600 resistance zone and there was no close above the 100 hourly Simple moving average.

Bitcoin is now trading below $29,200 and the 100 hourly Simple moving average. Besides, there is a key bullish trend line forming with support near $29,250 on the hourly chart of the BTC/USD pair.

Immediate resistance is near the $29,450 level and the 100 hourly Simple moving average. The first major resistance is near the $29,600 level. It is near the 50% Fib retracement level of the key drop from the $30,335 swing high to the $28,880 low.

Bitcoin Price

Source: BTCUSD on TradingView.com

The next major resistance is near the $29,800 level, above which the price might start a decent increase toward the $30,000 resistance zone. The next major resistance is near the $30,350 level, above which the price could gain bullish momentum.

See also  Bitcoin Price is a hit - is this just the beginning?

Fresh Decline in BTC?

If Bitcoin fails to clear the $29,600 resistance, it could start a fresh decline. Immediate support on the downside is near the $29,200 level and the trend line.

The next major support is near the $29,000 level, below which the price could drop toward $28,880. The next support is near the $28,500 level. Any more losses might call for a move toward the $28,200 level in the near term.

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 above the 50 level.

Major Support Levels – $29,200, followed by $29,000.

Major Resistance Levels – $29,400, $29,600, and $30,000.

Source link

Ahead Bitcoin expected Fed losses Post Price result struggles
Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

Analyst predicts huge Bitcoin outburst based on one gold graph, sees the Altcoin market following

2025-05-22

XRP price to crash 30% if this happens

2025-05-22

Strive Eyes 75,000 Mt. Gox bitcoin to build treasure chest prior to merger

2025-05-22

The price of Bitcoin affects ATH of $ 111,000 if open interest rises to $ 72 billion – details

2025-05-22
Add A Comment
Leave A Reply Cancel Reply

Top Posts

Altcoin Seasonal Index Reached a Crucial Point – Is a Recovery Likely?

2025-01-15

Hyperliquid integrates Router Nitro for cross-chain deposits supporting Ethereum, Solana and Sui

2025-01-07

MakerDAOs [MKR] progress stuck in the mud months after Lido’s [LDO] to get up

2023-05-11
Editors Picks

Hedera’s groundbreaking partnerships are redefining Blockchain

2024-02-21

Sotheby’s Breaks Ground with Historic Auction of Bitcoin Ordinals NFTs

2023-12-15

How Bitcoin Derivatives Traders Put BTC in a Tight Situation

2024-03-21

Bitcoin Price to $95,000? This is what needs to happen first

2024-10-18
About
About

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

Analyst predicts huge Bitcoin outburst based on one gold graph, sees the Altcoin market following

XRP price to crash 30% if this happens

Billionaire Justin Sun To attend the Crypto dinner with President, says he is ‘top holder’ of Trump’s memecoin

Get Informed

Subscribe to Updates

Get the latest news and Update from Free.cc about Crypto, Metaverse, NFT and more.

  • Contact
  • Terms & Conditions
  • Privacy Policy
  • DMCA
  • Advertise
  • BitcoinPlatform.com
© 2025 Free.cc - All rights reserved. Contact: info@free.cc

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

  • bitcoinBitcoin(BTC)$111,081.634.31%
  • ethereumEthereum(ETH)$2,670.024.69%
  • tetherTether USDt(USDT)$1.00-0.02%
  • rippleXRP(XRP)$2.432.90%
  • binancecoinBNB(BNB)$683.444.74%
  • solanaSolana(SOL)$179.126.10%
  • usd-coinUSDC(USDC)$1.000.00%
  • dogecoinDogecoin(DOGE)$0.2439477.63%
  • cardanoCardano(ADA)$0.805.73%
  • tronTRON(TRX)$0.2725970.56%
  • suiSui(SUI)$4.178.40%
  • chainlinkChainlink(LINK)$16.584.30%
  • hyperliquidHyperliquid(HYPE)$31.4419.46%
  • avalanche-2Avalanche(AVAX)$24.427.95%
  • stellarStellar(XLM)$0.3001143.75%
  • shiba-inuShiba Inu(SHIB)$0.0000155.93%
  • hedera-hashgraphHedera(HBAR)$0.2035683.54%
  • bitcoin-cashBitcoin Cash(BCH)$420.015.27%
  • unus-sed-leoUNUS SED LEO(LEO)$8.870.87%
  • the-open-networkToncoin(TON)$3.194.43%
  • polkadotPolkadot(DOT)$4.904.46%
  • litecoinLitecoin(LTC)$99.665.17%
  • moneroMonero(XMR)$398.998.86%
  • bitget-tokenBitget Token(BGB)$5.282.38%
  • pepePepe(PEPE)$0.0000157.26%
  • piPi(PI)$0.844.62%
  • daiDai(DAI)$1.00-0.01%
  • ethena-usdeEthena USDe(USDE)$1.00-0.01%
  • bittensorBittensor(TAO)$472.8313.06%
  • uniswapUniswap(UNI)$6.461.87%
  • aaveAave(AAVE)$256.48-1.34%
  • nearNEAR Protocol(NEAR)$3.007.06%
  • aptosAptos(APT)$5.425.21%
  • ondo-financeOndo(ONDO)$1.027.51%
  • okbOKB(OKB)$52.951.68%
  • kaspaKaspa(KAS)$0.1171236.05%
  • ethereum-classicEthereum Classic(ETC)$19.595.75%
  • internet-computerInternet Computer(ICP)$5.565.04%
  • official-trumpOFFICIAL TRUMP(TRUMP)$14.622.56%
  • gatechain-tokenGateToken(GT)$21.821.12%
  • crypto-com-chainCronos(CRO)$0.1001843.66%
  • polygon-ecosystem-tokenPOL (prev. MATIC)(POL)$0.2516208.39%
  • render-tokenRender(RENDER)$5.047.89%
  • vechainVeChain(VET)$0.0303146.37%
  • mantleMantle(MNT)$0.761.93%
  • ethenaEthena(ENA)$0.4182129.17%
  • usd1World Liberty Financial USD(USD1)$1.000.12%
  • arbitrumArbitrum(ARB)$0.4280647.74%
  • algorandAlgorand(ALGO)$0.2391765.90%
  • filecoinFilecoin(FIL)$3.046.29%
  • bitcoinBitcoin(BTC)$111,081.634.31%
  • ethereumEthereum(ETH)$2,670.024.69%
  • tetherTether USDt(USDT)$1.00-0.02%
  • rippleXRP(XRP)$2.432.90%
  • binancecoinBNB(BNB)$683.444.74%
  • solanaSolana(SOL)$179.126.10%
  • usd-coinUSDC(USDC)$1.000.00%
  • dogecoinDogecoin(DOGE)$0.2439477.63%
  • cardanoCardano(ADA)$0.805.73%
  • tronTRON(TRX)$0.2725970.56%
  • suiSui(SUI)$4.178.40%
  • chainlinkChainlink(LINK)$16.584.30%
  • hyperliquidHyperliquid(HYPE)$31.4419.46%
  • avalanche-2Avalanche(AVAX)$24.427.95%
  • stellarStellar(XLM)$0.3001143.75%
  • shiba-inuShiba Inu(SHIB)$0.0000155.93%
  • hedera-hashgraphHedera(HBAR)$0.2035683.54%
  • bitcoin-cashBitcoin Cash(BCH)$420.015.27%
  • unus-sed-leoUNUS SED LEO(LEO)$8.870.87%
  • the-open-networkToncoin(TON)$3.194.43%
  • polkadotPolkadot(DOT)$4.904.46%
  • litecoinLitecoin(LTC)$99.665.17%
  • moneroMonero(XMR)$398.998.86%
  • bitget-tokenBitget Token(BGB)$5.282.38%
  • pepePepe(PEPE)$0.0000157.26%
  • piPi(PI)$0.844.62%
  • daiDai(DAI)$1.00-0.01%
  • ethena-usdeEthena USDe(USDE)$1.00-0.01%
  • bittensorBittensor(TAO)$472.8313.06%
  • uniswapUniswap(UNI)$6.461.87%
  • aaveAave(AAVE)$256.48-1.34%
  • nearNEAR Protocol(NEAR)$3.007.06%
  • aptosAptos(APT)$5.425.21%
  • ondo-financeOndo(ONDO)$1.027.51%
  • okbOKB(OKB)$52.951.68%
  • kaspaKaspa(KAS)$0.1171236.05%
  • ethereum-classicEthereum Classic(ETC)$19.595.75%
  • internet-computerInternet Computer(ICP)$5.565.04%
  • official-trumpOFFICIAL TRUMP(TRUMP)$14.622.56%
  • gatechain-tokenGateToken(GT)$21.821.12%
  • crypto-com-chainCronos(CRO)$0.1001843.66%
  • polygon-ecosystem-tokenPOL (prev. MATIC)(POL)$0.2516208.39%
  • render-tokenRender(RENDER)$5.047.89%
  • vechainVeChain(VET)$0.0303146.37%
  • mantleMantle(MNT)$0.761.93%
  • ethenaEthena(ENA)$0.4182129.17%
  • usd1World Liberty Financial USD(USD1)$1.000.12%
  • arbitrumArbitrum(ARB)$0.4280647.74%
  • algorandAlgorand(ALGO)$0.2391765.90%
  • filecoinFilecoin(FIL)$3.046.29%