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

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

2025-05-21

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

2025-05-21

Trump: 73.64% of investors expect a rally – will they be right?

2025-05-21
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

    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

    Smarter athlete data via PSG Labs and Joint Innovation Studio

    2025-05-21

    Sahara AI launches Siwa Testnet to authorize decentralized AI builders

    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

    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

    XRP – Price coil for an outbreak – is the next leg on hands?

    2025-05-21

    Bitcoin Whale places 40x leverage of $ 830 million long position on hyperliquid

    2025-05-21

    JPMorgan Chase CEO warns the stock market witnessing ‘extraordinary amount of complacency’ in the midst of abrupt recovery

    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 Could Stage Steady Increase If It Clears This Hurdle
Analysis

Bitcoin Price Could Stage Steady Increase If It Clears This Hurdle

2023-08-08No Comments2 Mins Read
Share
Facebook Twitter LinkedIn Pinterest Email

Bitcoin price is still facing strong resistance near $29,500. BTC is slowly moving higher and might start a steady increase above $29,500.

  • Bitcoin is moving higher toward the $29,500 pivot level.
  • The price is trading above $29,000 and the 100 hourly Simple moving average.
  • There was a break above a key bearish trend line with resistance near $29,080 on the hourly chart of the BTC/USD pair (data feed from Kraken).
  • The pair could start a steady increase if there is a close above the $29,500 resistance zone.

Bitcoin Price Eyes Fresh Increase

Bitcoin price extended its decline below the $28,800 support zone. However, the downsides were limited below the $28,600 level. A low is formed near $28,628 and the price is now attempting a fresh increase.

There was a move above the $28,900 and $29,000 levels. Besides, there was a break above a key bearish trend line with resistance near $29,080 on the hourly chart of the BTC/USD pair. The pair is now trading above $29,000 and the 100 hourly Simple moving average.

A high is formed near $29,280 and the price is now consolidating gains. Bitcoin is trading above the 23.6% Fib retracement level of the upward move from the $28,628 swing low to the $29,280 high.

Bitcoin Price

Source: BTCUSD on TradingView.com

Immediate resistance is near the $29,300 zone. The first major resistance is near the $29,400 level. The next major resistance is near the $29,500 level. A close above the $29,500 resistance might start a steady increase. In the stated case, the price could test $30,000. Any more gains might open the doors for a move toward $31,200.

See also  Stellar (XLM) Up 42% in One Week, What's Pushing It?

Fresh Decline In BTC?

If Bitcoin fails to clear the $29,400 resistance, it could start a fresh decline. Immediate support on the downside is near the $29,100 level the 100 hourly Simple moving average.

The next major support is near the $28,800 level, below which the price could accelerate lower. The next support is near the $28,400 level. Any more losses might call for a move toward the $28,000 level in the near term.

Technical indicators:

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

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

Major Support Levels – $29,100, followed by $28,800.

Major Resistance Levels – $29,300, $29,400, and $29,500.

Source link

Bitcoin Clears Hurdle Increase Price Stage steady
Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

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

Top reasons why Bitcoin price today, May 21, came in new ATH

2025-05-21

Texas Bitcoin Reserve Bill knew the most important legislative obstacles, waiting for the final vote

2025-05-21
Add A Comment
Leave A Reply Cancel Reply

Top Posts

Bored Ape #1734 Shatters Records, Signals Potential NFT Market Revival

2023-07-17

Bitcoin race? US wants more, says Trump’s chef of digital assets

2025-03-20

AmazeWallet Partners with 1inch Network to Revolutionize the Web3 Experience

2023-06-01
Editors Picks

Bitcoin Whale addresses hit a 15-month high

2024-01-20

Trader Who Masterfully Captured The 2023 Crypto Rally About To Go Bullish On Bitcoin (BTC) – Here’s Why

2023-05-28

Bitcoin Price Pauses Below $100,000: Bulls Eye the Milestone

2024-11-25

BTC’s bull run is on the horizon, but here’s why traders should wait for it

2023-10-18
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

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

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

Trump: 73.64% of investors expect a rally – will they be right?

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)$109,799.862.79%
  • ethereumEthereum(ETH)$2,559.291.25%
  • tetherTether USDt(USDT)$1.00-0.03%
  • rippleXRP(XRP)$2.401.78%
  • binancecoinBNB(BNB)$674.543.74%
  • solanaSolana(SOL)$174.123.25%
  • usd-coinUSDC(USDC)$1.00-0.03%
  • dogecoinDogecoin(DOGE)$0.2350663.84%
  • cardanoCardano(ADA)$0.773.30%
  • tronTRON(TRX)$0.268058-0.40%
  • suiSui(SUI)$3.942.28%
  • chainlinkChainlink(LINK)$16.152.80%
  • avalanche-2Avalanche(AVAX)$23.232.71%
  • hyperliquidHyperliquid(HYPE)$28.326.94%
  • stellarStellar(XLM)$0.2939072.23%
  • shiba-inuShiba Inu(SHIB)$0.0000151.85%
  • hedera-hashgraphHedera(HBAR)$0.1983121.56%
  • unus-sed-leoUNUS SED LEO(LEO)$8.871.20%
  • bitcoin-cashBitcoin Cash(BCH)$410.604.14%
  • the-open-networkToncoin(TON)$3.090.19%
  • polkadotPolkadot(DOT)$4.751.40%
  • litecoinLitecoin(LTC)$97.283.16%
  • moneroMonero(XMR)$395.6912.32%
  • bitget-tokenBitget Token(BGB)$5.241.75%
  • piPi(PI)$0.8410.93%
  • pepePepe(PEPE)$0.0000144.38%
  • daiDai(DAI)$1.000.00%
  • ethena-usdeEthena USDe(USDE)$1.000.02%
  • bittensorBittensor(TAO)$450.118.64%
  • uniswapUniswap(UNI)$6.233.20%
  • aaveAave(AAVE)$247.77-4.69%
  • nearNEAR Protocol(NEAR)$2.882.26%
  • aptosAptos(APT)$5.282.58%
  • okbOKB(OKB)$52.500.64%
  • ondo-financeOndo(ONDO)$0.983.74%
  • kaspaKaspa(KAS)$0.1130181.93%
  • ethereum-classicEthereum Classic(ETC)$19.023.29%
  • official-trumpOFFICIAL TRUMP(TRUMP)$14.45-2.44%
  • internet-computerInternet Computer(ICP)$5.361.73%
  • gatechain-tokenGateToken(GT)$21.851.52%
  • crypto-com-chainCronos(CRO)$0.0978430.95%
  • polygon-ecosystem-tokenPOL (prev. MATIC)(POL)$0.2428094.70%
  • vechainVeChain(VET)$0.0292122.45%
  • mantleMantle(MNT)$0.74-1.05%
  • render-tokenRender(RENDER)$4.803.14%
  • ethenaEthena(ENA)$0.3981105.16%
  • usd1World Liberty Financial USD(USD1)$1.000.03%
  • arbitrumArbitrum(ARB)$0.4118004.51%
  • algorandAlgorand(ALGO)$0.2311482.88%
  • filecoinFilecoin(FIL)$2.953.07%
  • bitcoinBitcoin(BTC)$109,799.862.79%
  • ethereumEthereum(ETH)$2,559.291.25%
  • tetherTether USDt(USDT)$1.00-0.03%
  • rippleXRP(XRP)$2.401.78%
  • binancecoinBNB(BNB)$674.543.74%
  • solanaSolana(SOL)$174.123.25%
  • usd-coinUSDC(USDC)$1.00-0.03%
  • dogecoinDogecoin(DOGE)$0.2350663.84%
  • cardanoCardano(ADA)$0.773.30%
  • tronTRON(TRX)$0.268058-0.40%
  • suiSui(SUI)$3.942.28%
  • chainlinkChainlink(LINK)$16.152.80%
  • avalanche-2Avalanche(AVAX)$23.232.71%
  • hyperliquidHyperliquid(HYPE)$28.326.94%
  • stellarStellar(XLM)$0.2939072.23%
  • shiba-inuShiba Inu(SHIB)$0.0000151.85%
  • hedera-hashgraphHedera(HBAR)$0.1983121.56%
  • unus-sed-leoUNUS SED LEO(LEO)$8.871.20%
  • bitcoin-cashBitcoin Cash(BCH)$410.604.14%
  • the-open-networkToncoin(TON)$3.090.19%
  • polkadotPolkadot(DOT)$4.751.40%
  • litecoinLitecoin(LTC)$97.283.16%
  • moneroMonero(XMR)$395.6912.32%
  • bitget-tokenBitget Token(BGB)$5.241.75%
  • piPi(PI)$0.8410.93%
  • pepePepe(PEPE)$0.0000144.38%
  • daiDai(DAI)$1.000.00%
  • ethena-usdeEthena USDe(USDE)$1.000.02%
  • bittensorBittensor(TAO)$450.118.64%
  • uniswapUniswap(UNI)$6.233.20%
  • aaveAave(AAVE)$247.77-4.69%
  • nearNEAR Protocol(NEAR)$2.882.26%
  • aptosAptos(APT)$5.282.58%
  • okbOKB(OKB)$52.500.64%
  • ondo-financeOndo(ONDO)$0.983.74%
  • kaspaKaspa(KAS)$0.1130181.93%
  • ethereum-classicEthereum Classic(ETC)$19.023.29%
  • official-trumpOFFICIAL TRUMP(TRUMP)$14.45-2.44%
  • internet-computerInternet Computer(ICP)$5.361.73%
  • gatechain-tokenGateToken(GT)$21.851.52%
  • crypto-com-chainCronos(CRO)$0.0978430.95%
  • polygon-ecosystem-tokenPOL (prev. MATIC)(POL)$0.2428094.70%
  • vechainVeChain(VET)$0.0292122.45%
  • mantleMantle(MNT)$0.74-1.05%
  • render-tokenRender(RENDER)$4.803.14%
  • ethenaEthena(ENA)$0.3981105.16%
  • usd1World Liberty Financial USD(USD1)$1.000.03%
  • arbitrumArbitrum(ARB)$0.4118004.51%
  • algorandAlgorand(ALGO)$0.2311482.88%
  • filecoinFilecoin(FIL)$2.953.07%