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

XRP has to close above these price levels to make Beararish forecast invalid

2025-05-11

Optimism [OP] Breaks $ 0.85 neckline – this is what it means for traders

2025-05-11

Bitcoin: Whales withdraw 110k BTC – a prelude to a new ATH?

2025-05-11
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

    DAC and Origo Partner to transform health care via Web3 Innovation

    2025-05-11

    Tether to make non-right wallet template: Details

    2025-05-11

    Map -Protocol reveals revolutionary interoperability between Bitcoin and Solana networks

    2025-05-11

    DAC -Platform to redefine Web3 experiences in strategic cooperation with Fishcake Labs

    2025-05-11

    Floki Inu enables Web3 users with a new identity platform

    2025-05-11
  • NFT

    Drink-to-earn? A new sparkling water comes with an NFT and points

    2025-05-08

    Cobie says we will return if someone buys this $ 20 million NFT

    2025-05-08

    Edge Matrix, Colabs Partner to strengthen NFT -Makers

    2025-05-08

    Argentinian football club Partners with StepN to launch digital sneakers

    2025-05-05

    Pudgy Penguins #6873 Leads with Top NFT -sale worth $ 360.2k

    2025-05-04
  • 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

    XRP has to close above these price levels to make Beararish forecast invalid

    2025-05-11

    Standard Chartered Analy supports Bitcoin -Price forecast, now calls $ 120,000 BTC ‘Too Low’: Report

    2025-05-11

    Bullish Continuation for XRP price shows possible recovery up to $ 4

    2025-05-11

    Top US Crypto Exchange Coinbase to acquire Derivativa Platform Deribit

    2025-05-10

    Bitcoin – Price is rising by $ 100k – Bull Market officially back?

    2025-05-10
  • Learn

    What Is Proof-of-Authority (PoA)?

    2025-05-10

    What Is Proof-of-Stake (PoS)? A Beginner’s Guide

    2025-05-09

    What Is a Layer-1 (L1) Blockchain?

    2025-05-03

    What is a Layer-2 (L2) Blockchain Network Solution?

    2025-05-02

    What Is a Layer-0 Protocol?

    2025-05-02
  • Blog
  • Contact
    • Tech7685@gmail.com
Free Cryptocurrency – Bitcoin | Altcoins | Blockchain | News Stories Updated Daily
Home»Analysis»Bitcoin Price Faces a Major Challenge: Can Bulls Send BTC to $37,000?
Analysis

Bitcoin Price Faces a Major Challenge: Can Bulls Send BTC to $37,000?

2023-11-06No Comments3 Mins Read
Share
Facebook Twitter LinkedIn Pinterest Email

Bitcoin price faces a major hurdle near USD 35,250. BTC could rise to USD 37,000 once it overcomes the USD 35,250 and USD 35,500 resistance levels.

  • Bitcoin is aiming for a fresh move above the $36,000 resistance zone.
  • The price is trading near $34,850 and the 100 hourly Simple Moving Average.
  • A major contracting triangle is forming with support near $34,320 on the hourly chart of the BTC/USD pair (data feed from Kraken).
  • The pair needs to stay above the $34,150 support for another move higher in the near term.

Bitcoin price sees more gains

Bitcoin price remained well above the $34,000 support zone. BTC climbed higher above the USD 34,500 and USD 34,650 resistance levels to start a new increase.

There was a move above the 50% Fib retracement level of the downward move from the $35,945 swing high to the $34,133 swing low. However, the bears were active above the USD 35,200 level. The price seems to be facing a major hurdle near the USD 35,250 level.

Bitcoin is struggling to break the 61.8% Fib retracement level of the downward move from the $35,945 swing high to the $34,133 swing low. It is now trading near $34,850 and the 100 hourly Simple Moving Average.

A major contracting triangle is also forming with support near $34,320 on the hourly chart of the BTC/USD pair. On the upside, immediate resistance is around the $35,050 level. The next major resistance could be near $35,250 or the upper trendline of the triangle.

Bitcoin price

Source: BTCUSD on TradingView.com

A clear move above the USD 35,250 resistance could open the doors for a move towards the USD 35,500 resistance. The next major resistance could be at USD 36,000, above which the price could rise towards USD 37,000. Any further gains could send BTC towards the $37,500 level.

See also  XRP will maintain price appreciation as whales reload amid a market dip

Disadvantage of continuation in BTC?

If Bitcoin fails to rise above the USD 35,250 resistance zone, it could continue to decline. The immediate downside support is near the low of $34,500.

The next major support is near the $34,150 zone. If there is a move below $34,150, there is a risk of more downside. In the mentioned case, the price could even fall below the USD 34,000 support level in the short term.

Technical indicators:

Hourly MACD – The MACD is now gaining speed in the bearish zone.

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

Major support levels – USD 34,500, followed by USD 34,150.

Major resistance levels – $35,050, $35,250 and $35,500.

Source link

Bitcoin BTC Bulls challenge Faces Major Price send
Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

XRP has to close above these price levels to make Beararish forecast invalid

2025-05-11

Bitcoin: Whales withdraw 110k BTC – a prelude to a new ATH?

2025-05-11

Bitcoin Price Watch: Miners show strength, but lungs are in danger – why?

2025-05-11

Bitcoin Bulls Beware! – This price can be a high -leverage false door

2025-05-11
Add A Comment

Comments are closed.

Top Posts

Singapore Court Approves Next Step in Crypto Exchange WazirX’s Refund Process After Massive $230,000,000 Hack

2025-01-24

Bitcoin turns Ethereum into 24-hour NFT sales service for the first time

2023-11-09

Analyst sets 2025 price target at $200,000

2024-02-27
Editors Picks

Ethereum can only rise to $6K if ETH has THIS support

2025-01-10

How Bitcoin and Ethereum Reacted to Powell’s FOMC ‘Prophecy’

2024-02-01

Market correction about? JPMorgan Chase, Bank of America and Morgan Stanley Detail S&P 500 Outlook Na $ 5,500,000,000,000 Tumble: Report

2025-03-21

Discover the Rich Tapestry of the Bitcoin Ecosystem

2023-04-27
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

XRP has to close above these price levels to make Beararish forecast invalid

Optimism [OP] Breaks $ 0.85 neckline – this is what it means for traders

Bitcoin: Whales withdraw 110k BTC – a prelude to a new ATH?

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)$104,169.540.46%
  • ethereumEthereum(ETH)$2,508.44-1.07%
  • tetherTether USDt(USDT)$1.000.02%
  • rippleXRP(XRP)$2.37-2.62%
  • binancecoinBNB(BNB)$650.70-0.57%
  • solanaSolana(SOL)$172.21-0.60%
  • usd-coinUSDC(USDC)$1.00-0.03%
  • dogecoinDogecoin(DOGE)$0.231672-3.07%
  • cardanoCardano(ADA)$0.81-1.43%
  • tronTRON(TRX)$0.2650881.23%
  • suiSui(SUI)$4.030.12%
  • chainlinkChainlink(LINK)$17.04-0.81%
  • avalanche-2Avalanche(AVAX)$24.83-2.57%
  • stellarStellar(XLM)$0.306852-0.72%
  • shiba-inuShiba Inu(SHIB)$0.000016-1.57%
  • hedera-hashgraphHedera(HBAR)$0.205679-4.41%
  • hyperliquidHyperliquid(HYPE)$25.14-1.15%
  • the-open-networkToncoin(TON)$3.37-1.25%
  • piPi(PI)$1.1756.80%
  • bitcoin-cashBitcoin Cash(BCH)$409.34-3.11%
  • polkadotPolkadot(DOT)$5.10-0.31%
  • unus-sed-leoUNUS SED LEO(LEO)$8.35-1.27%
  • litecoinLitecoin(LTC)$100.10-3.62%
  • moneroMonero(XMR)$334.003.75%
  • pepePepe(PEPE)$0.0000141.20%
  • bitget-tokenBitget Token(BGB)$4.87-0.71%
  • daiDai(DAI)$1.00-0.01%
  • ethena-usdeEthena USDe(USDE)$1.00-0.01%
  • uniswapUniswap(UNI)$6.91-0.44%
  • bittensorBittensor(TAO)$452.34-1.07%
  • nearNEAR Protocol(NEAR)$3.13-3.24%
  • aptosAptos(APT)$5.90-0.16%
  • aaveAave(AAVE)$220.24-2.96%
  • okbOKB(OKB)$55.08-0.17%
  • ondo-financeOndo(ONDO)$1.04-3.35%
  • internet-computerInternet Computer(ICP)$5.761.05%
  • kaspaKaspa(KAS)$0.1166477.87%
  • ethereum-classicEthereum Classic(ETC)$19.91-1.78%
  • official-trumpOFFICIAL TRUMP(TRUMP)$13.80-3.91%
  • render-tokenRender(RENDER)$5.21-3.63%
  • mantleMantle(MNT)$0.801.61%
  • gatechain-tokenGateToken(GT)$21.84-1.93%
  • vechainVeChain(VET)$0.031208-0.85%
  • polygon-ecosystem-tokenPOL (prev. MATIC)(POL)$0.255615-4.10%
  • crypto-com-chainCronos(CRO)$0.098521-3.47%
  • ethenaEthena(ENA)$0.402430-0.45%
  • arbitrumArbitrum(ARB)$0.449069-2.83%
  • usd1World Liberty Financial USD(USD1)$1.000.00%
  • filecoinFilecoin(FIL)$3.14-0.60%
  • cosmosCosmos(ATOM)$5.291.04%
  • bitcoinBitcoin(BTC)$104,169.540.46%
  • ethereumEthereum(ETH)$2,508.44-1.07%
  • tetherTether USDt(USDT)$1.000.02%
  • rippleXRP(XRP)$2.37-2.62%
  • binancecoinBNB(BNB)$650.70-0.57%
  • solanaSolana(SOL)$172.21-0.60%
  • usd-coinUSDC(USDC)$1.00-0.03%
  • dogecoinDogecoin(DOGE)$0.231672-3.07%
  • cardanoCardano(ADA)$0.81-1.43%
  • tronTRON(TRX)$0.2650881.23%
  • suiSui(SUI)$4.030.12%
  • chainlinkChainlink(LINK)$17.04-0.81%
  • avalanche-2Avalanche(AVAX)$24.83-2.57%
  • stellarStellar(XLM)$0.306852-0.72%
  • shiba-inuShiba Inu(SHIB)$0.000016-1.57%
  • hedera-hashgraphHedera(HBAR)$0.205679-4.41%
  • hyperliquidHyperliquid(HYPE)$25.14-1.15%
  • the-open-networkToncoin(TON)$3.37-1.25%
  • piPi(PI)$1.1756.80%
  • bitcoin-cashBitcoin Cash(BCH)$409.34-3.11%
  • polkadotPolkadot(DOT)$5.10-0.31%
  • unus-sed-leoUNUS SED LEO(LEO)$8.35-1.27%
  • litecoinLitecoin(LTC)$100.10-3.62%
  • moneroMonero(XMR)$334.003.75%
  • pepePepe(PEPE)$0.0000141.20%
  • bitget-tokenBitget Token(BGB)$4.87-0.71%
  • daiDai(DAI)$1.00-0.01%
  • ethena-usdeEthena USDe(USDE)$1.00-0.01%
  • uniswapUniswap(UNI)$6.91-0.44%
  • bittensorBittensor(TAO)$452.34-1.07%
  • nearNEAR Protocol(NEAR)$3.13-3.24%
  • aptosAptos(APT)$5.90-0.16%
  • aaveAave(AAVE)$220.24-2.96%
  • okbOKB(OKB)$55.08-0.17%
  • ondo-financeOndo(ONDO)$1.04-3.35%
  • internet-computerInternet Computer(ICP)$5.761.05%
  • kaspaKaspa(KAS)$0.1166477.87%
  • ethereum-classicEthereum Classic(ETC)$19.91-1.78%
  • official-trumpOFFICIAL TRUMP(TRUMP)$13.80-3.91%
  • render-tokenRender(RENDER)$5.21-3.63%
  • mantleMantle(MNT)$0.801.61%
  • gatechain-tokenGateToken(GT)$21.84-1.93%
  • vechainVeChain(VET)$0.031208-0.85%
  • polygon-ecosystem-tokenPOL (prev. MATIC)(POL)$0.255615-4.10%
  • crypto-com-chainCronos(CRO)$0.098521-3.47%
  • ethenaEthena(ENA)$0.402430-0.45%
  • arbitrumArbitrum(ARB)$0.449069-2.83%
  • usd1World Liberty Financial USD(USD1)$1.000.00%
  • filecoinFilecoin(FIL)$3.14-0.60%
  • cosmosCosmos(ATOM)$5.291.04%