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

Bitcoin: This indicator reflects 2024’s Bull Run – will history repeat?

2025-05-18

Bitcoin has to close more than $ 107,000 to confirm the outbreak or the risk of falling to $ 98,000

2025-05-18

Solana Price has $ 166 support after rejection of $ 183, breakout above $ 177 very important

2025-05-18
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

    Chainware and Karatdao work together to redefine security and identity in chains

    2025-05-18

    Declan Hannon about how Aurora Labs makes blockchain accessible to everyone

    2025-05-18

    Ailayer forges Alliance with Gaea to create a decentralized AI-driven metaverse

    2025-05-18

    Space and time, Nvidia, publishes Sub-Second ZK Prover for SQL

    2025-05-18

    Interview with Nieuwe Lukso Coo

    2025-05-18
  • NFT

    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

    Founder wallet emptied while he leaves

    2025-05-15

    British Museum puts sculptures from Dürer’s ‘Rhinoceros’ on Bitcoin Blockchain

    2025-05-14
  • 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

    The American stock market now looks more favorable than pre-trade war, according to Tom Lee from Fundstrat-Dit why is why

    2025-05-18

    Michael Burry van Big Short abruptly sells one ‘recession-proof’ assets

    2025-05-17

    $ 40 billion in XRP on the road – where are they going?

    2025-05-17

    Bitcoin who sees heavy accumulation on Coinbase and Binance, says analysis company Glassnode – here is the prospects

    2025-05-17

    Analyst who mentioned XRP price mark at $ 0.5 says that the increase in this level is coming

    2025-05-17
  • Learn

    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

    What Is Proof-of-Work (PoW)?

    2025-05-12

    What Is Proof-of-Authority (PoA)?

    2025-05-10
  • Blog
  • Contact
    • Tech7685@gmail.com
Free Cryptocurrency – Bitcoin | Altcoins | Blockchain | News Stories Updated Daily
Home»Analysis»Bitcoin Price Consolidates – Why 100 SMA Could Spark Another Rise
Analysis

Bitcoin Price Consolidates – Why 100 SMA Could Spark Another Rise

2023-11-30No Comments3 Mins Read
Share
Facebook Twitter LinkedIn Pinterest Email

Bitcoin price once again failed to break the USD 38,500 resistance zone. BTC is consolidating above the 100 hourly SMA and could attempt another increase.

  • Bitcoin is still facing heavy resistance near the $38,500 zone.
  • The price is trading above USD 37,400 and the 100 hourly Simple Moving Average.
  • A major bullish trendline is forming with support near $37,350 on the hourly chart of the BTC/USD pair (data feed from Kraken).
  • The pair could make another attempt to break the $38,500 resistance unless it breaks below $37,350.

Bitcoin price holds support

Bitcoin price remained well above the USD 37,500 support zone. BTC climbed higher above the USD 38,000 level and made another attempt to break the USD 38,400 resistance zone.

However, the bulls failed to gain momentum and the price peaked near $38,400. It corrects gains again and trades below the 23.6% Fib retracement level of the upward move from the $36,721 swing low to the $38,390 high.

Bitcoin is now trading above $37,400 and the 100 hourly Simple Moving Average. There is also a major bullish trendline forming with support around $37,350 on the hourly chart of the BTC/USD pair.

On the upside, immediate resistance is around the $38,200 level. The first major resistance forms around $38,400. The main resistance is still around the USD 38,500 level. A close above the resistance at $38,500 could spark another rally.

Bitcoin price

Source: BTCUSD on TradingView.com

The next major resistance could be near USD 39,200, above which BTC could climb towards the USD 39,500 level. Even more gains could send BTC towards the USD 40,000 resistance.

See also  Whale abruptly moves nearly $400,000,000 worth of Bitcoin in a single transaction – here's where the crypto is headed

Lose more in BTC?

If Bitcoin fails to rise above the USD 38,400 resistance zone, it could trigger another decline. Immediate support on the downside is near the $37,550 level or the 50% Fib retracement level of the upward move from the $36,721 swing low to the $38,390 high.

The next major support is around $37,350 and the trendline. If there is a move below $37,350, there is a risk of more downside. In the mentioned case, the price could fall towards the support at $36,720 in the short 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 approaching the 50 level.

Major support levels – USD 37,550, followed by USD 37,350.

Major resistance levels – $38,400, $38,500 and $39,200.

Source link

Bitcoin Consolidates Price Rise SMA Spark
Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

Bitcoin: This indicator reflects 2024’s Bull Run – will history repeat?

2025-05-18

Equities RIP higher as Bitcoin lags behind – a new market reality to watch!

2025-05-18

Bitcoin -price could prepare for a new wave of volatility – this is why

2025-05-18

Bitcoin traders are again profit, but do they ignore these warning signals?

2025-05-18
Add A Comment

Comments are closed.

Top Posts

Elizabeth Warren asks SEC to investigate Elon Musk’s dual role at Twitter and Tesla

2023-07-17

Bitcoin price is confronted with strong resistance – will bulls keep their land?

2025-02-14

Ethereum Price Remains Within Range: Is This A Bull Trap Or A Technical Correction?

2024-02-02
Editors Picks

Skybridge Capital CEO Reveals When Bitcoin Price Will Reach $170,000

2024-01-30

How Zeneca Built a Community by Doubling Down on Education

2023-08-29

​​Microsoft and Meta partnership brings Office 365 apps to the Metaverse

2022-10-14

Algorand: Range bound expansion depends on this

2023-06-27
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

Bitcoin: This indicator reflects 2024’s Bull Run – will history repeat?

Bitcoin has to close more than $ 107,000 to confirm the outbreak or the risk of falling to $ 98,000

Solana Price has $ 166 support after rejection of $ 183, breakout above $ 177 very important

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)$104,259.261.12%
  • ethereumEthereum(ETH)$2,398.54-3.01%
  • tetherTether USDt(USDT)$1.00-0.01%
  • rippleXRP(XRP)$2.370.71%
  • binancecoinBNB(BNB)$641.950.06%
  • solanaSolana(SOL)$167.030.26%
  • usd-coinUSDC(USDC)$1.00-0.01%
  • dogecoinDogecoin(DOGE)$0.2226183.10%
  • cardanoCardano(ADA)$0.74-1.00%
  • tronTRON(TRX)$0.265358-2.28%
  • suiSui(SUI)$3.78-0.93%
  • chainlinkChainlink(LINK)$15.31-0.29%
  • avalanche-2Avalanche(AVAX)$22.23-0.48%
  • stellarStellar(XLM)$0.285375-0.50%
  • hyperliquidHyperliquid(HYPE)$26.271.46%
  • shiba-inuShiba Inu(SHIB)$0.0000141.44%
  • hedera-hashgraphHedera(HBAR)$0.1905570.01%
  • unus-sed-leoUNUS SED LEO(LEO)$8.66-3.18%
  • bitcoin-cashBitcoin Cash(BCH)$396.511.05%
  • the-open-networkToncoin(TON)$3.100.31%
  • litecoinLitecoin(LTC)$97.821.14%
  • polkadotPolkadot(DOT)$4.62-0.26%
  • moneroMonero(XMR)$337.930.71%
  • bitget-tokenBitget Token(BGB)$5.112.98%
  • pepePepe(PEPE)$0.0000136.41%
  • daiDai(DAI)$1.00-0.01%
  • piPi(PI)$0.736.70%
  • ethena-usdeEthena USDe(USDE)$1.000.00%
  • uniswapUniswap(UNI)$5.821.49%
  • bittensorBittensor(TAO)$409.42-3.37%
  • aaveAave(AAVE)$221.49-0.56%
  • nearNEAR Protocol(NEAR)$2.720.43%
  • aptosAptos(APT)$5.04-1.06%
  • okbOKB(OKB)$52.64-1.08%
  • ondo-financeOndo(ONDO)$0.91-0.58%
  • kaspaKaspa(KAS)$0.108123-1.17%
  • internet-computerInternet Computer(ICP)$5.14-0.09%
  • ethereum-classicEthereum Classic(ETC)$18.05-0.51%
  • gatechain-tokenGateToken(GT)$21.51-0.19%
  • crypto-com-chainCronos(CRO)$0.096987-0.47%
  • official-trumpOFFICIAL TRUMP(TRUMP)$12.821.31%
  • mantleMantle(MNT)$0.730.37%
  • polygon-ecosystem-tokenPOL (prev. MATIC)(POL)$0.2340530.86%
  • vechainVeChain(VET)$0.0279960.84%
  • render-tokenRender(RENDER)$4.50-1.12%
  • ethenaEthena(ENA)$0.3694235.14%
  • usd1World Liberty Financial USD(USD1)$1.00-0.02%
  • filecoinFilecoin(FIL)$2.820.76%
  • algorandAlgorand(ALGO)$0.2182511.02%
  • cosmosCosmos(ATOM)$4.780.86%
  • bitcoinBitcoin(BTC)$104,259.261.12%
  • ethereumEthereum(ETH)$2,398.54-3.01%
  • tetherTether USDt(USDT)$1.00-0.01%
  • rippleXRP(XRP)$2.370.71%
  • binancecoinBNB(BNB)$641.950.06%
  • solanaSolana(SOL)$167.030.26%
  • usd-coinUSDC(USDC)$1.00-0.01%
  • dogecoinDogecoin(DOGE)$0.2226183.10%
  • cardanoCardano(ADA)$0.74-1.00%
  • tronTRON(TRX)$0.265358-2.28%
  • suiSui(SUI)$3.78-0.93%
  • chainlinkChainlink(LINK)$15.31-0.29%
  • avalanche-2Avalanche(AVAX)$22.23-0.48%
  • stellarStellar(XLM)$0.285375-0.50%
  • hyperliquidHyperliquid(HYPE)$26.271.46%
  • shiba-inuShiba Inu(SHIB)$0.0000141.44%
  • hedera-hashgraphHedera(HBAR)$0.1905570.01%
  • unus-sed-leoUNUS SED LEO(LEO)$8.66-3.18%
  • bitcoin-cashBitcoin Cash(BCH)$396.511.05%
  • the-open-networkToncoin(TON)$3.100.31%
  • litecoinLitecoin(LTC)$97.821.14%
  • polkadotPolkadot(DOT)$4.62-0.26%
  • moneroMonero(XMR)$337.930.71%
  • bitget-tokenBitget Token(BGB)$5.112.98%
  • pepePepe(PEPE)$0.0000136.41%
  • daiDai(DAI)$1.00-0.01%
  • piPi(PI)$0.736.70%
  • ethena-usdeEthena USDe(USDE)$1.000.00%
  • uniswapUniswap(UNI)$5.821.49%
  • bittensorBittensor(TAO)$409.42-3.37%
  • aaveAave(AAVE)$221.49-0.56%
  • nearNEAR Protocol(NEAR)$2.720.43%
  • aptosAptos(APT)$5.04-1.06%
  • okbOKB(OKB)$52.64-1.08%
  • ondo-financeOndo(ONDO)$0.91-0.58%
  • kaspaKaspa(KAS)$0.108123-1.17%
  • internet-computerInternet Computer(ICP)$5.14-0.09%
  • ethereum-classicEthereum Classic(ETC)$18.05-0.51%
  • gatechain-tokenGateToken(GT)$21.51-0.19%
  • crypto-com-chainCronos(CRO)$0.096987-0.47%
  • official-trumpOFFICIAL TRUMP(TRUMP)$12.821.31%
  • mantleMantle(MNT)$0.730.37%
  • polygon-ecosystem-tokenPOL (prev. MATIC)(POL)$0.2340530.86%
  • vechainVeChain(VET)$0.0279960.84%
  • render-tokenRender(RENDER)$4.50-1.12%
  • ethenaEthena(ENA)$0.3694235.14%
  • usd1World Liberty Financial USD(USD1)$1.00-0.02%
  • filecoinFilecoin(FIL)$2.820.76%
  • algorandAlgorand(ALGO)$0.2182511.02%
  • cosmosCosmos(ATOM)$4.780.86%