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

Rooted in the south, built for the future

2025-05-12

Can the resistance crush and re -design the rally?

2025-05-12

Government control could cause the rise of ‘Dark Stablecoins’ – how?

2025-05-12
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

    Why Wall Street Crypto will not embrace without privacy of zero knowledge

    2025-05-12

    R2 Testnet affects 10 million transactions with 200K+ users in weeks

    2025-05-12

    Miro announces a strategic partnership with Enac Network to bring about a revolution in Enterprise Web3 apps

    2025-05-12

    Ripple CTO predicts a big shift with ZK certificates: Details

    2025-05-12

    Kalps integrates with ENI to promote blockchain -innovation and RWA -Tokenization

    2025-05-12
  • NFT

    New details about Trump’s Memecoin leaks from the official website – this is what they intend

    2025-05-12

    NFT -turns 10.6% to $ 115 million, Doodles Rally 500%

    2025-05-11

    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
  • 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

    Can the resistance crush and re -design the rally?

    2025-05-12

    XRP performs better than the crypto market with 10% jump if open interest rises beyond $ 5 billion

    2025-05-12

    Cathie Wood doubles Bitcoin objective on 2030, says that BTC still has ‘miles’

    2025-05-12

    Analyst reveals factors that will make it happen in 2025

    2025-05-12

    Hyperliquid affects $ 6 billion in open interest while Bitcoin tests $ 105k near price discovery

    2025-05-12
  • Learn

    What Is Proof-of-Work (PoW)?

    2025-05-12

    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
  • Blog
  • Contact
    • Tech7685@gmail.com
Free Cryptocurrency – Bitcoin | Altcoins | Blockchain | News Stories Updated Daily
Home»Analysis»Bitcoin Price Holds Strong as the Bulls Pursue New Highs Above $32K
Analysis

Bitcoin Price Holds Strong as the Bulls Pursue New Highs Above $32K

2023-07-03No Comments3 Mins Read
Share
Facebook Twitter LinkedIn Pinterest Email

Bitcoin price moves higher above the $30,500 resistance. BTC is showing positive signs and it could aim for a new high above the USD 31,400 level.

  • Bitcoin is already limiting its losses and trading above the USD 30,500 resistance zone.
  • The price is trading above USD 30,500 and the 100 Simple hourly moving average.
  • A major bullish trendline is forming with support near USD 30,500 on the hourly chart of the BTC/USD pair (data feed from Kraken).
  • The pair could gain bullish momentum if it breaks the USD 31,000 resistance zone.

Bitcoin price is gaining momentum

Bitcoin price fell sharply below the USD 30,500 support. BTC even peaked below $29,500 before the bulls appeared. A low is forming near USD 29,375 and the price is now rising.

It is above the $30,200 resistance level again. There was a pause above the 50% Fib retracement level of the downward move from the $31,276 swing high to the $29,375 low. There was also a move above the $30,500 resistance zone.

Bitcoin is trading above USD 30,500 and the 100 simple hourly moving average. A major bullish trendline is also forming with support near USD 30,500 on the hourly chart of the BTC/USD pair.

Immediate resistance is near the $30,820 level. It is close to the 76.4% Fib retracement level of the downward move from the $31,276 swing high to the $29,375 low. The first major resistance is near the USD 31,000 level, above which the bullish momentum from the price increase.

Bitcoin price

Source: BTCUSD at TradingView.com

The next major resistance is near the USD 31,250 level. An upside break above the USD 31,250 resistance could send BTC towards USD 32,000. Any further gains could open the door for a move towards the $32,500 resistance zone.

See also  Ethereum Price Could See Downside Thrust Before Fresh Increase

New Decline in BTC?

If the price of Bitcoin fails to clear the $30,820 resistance, it could trigger another decline. Immediate support on the downside is near the $30,550 level and trendline.

The next major support is near the $30,200 level, below which there could be a drop to the $29,950 support. Any more losses could send the price towards the $29,550 zone 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 above the 50 level.

Major Support Levels – $30,500 followed by $30,200.

Major resistance levels – $30,820, $31,000 and $31,250.

Source link

32K Bitcoin Bulls Highs holds Price Pursue strong
Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

Can the resistance crush and re -design the rally?

2025-05-12

Bitcoin prize focuses on $ 110,000 of all time after the consolidation trend ends

2025-05-12

XRP performs better than the crypto market with 10% jump if open interest rises beyond $ 5 billion

2025-05-12

Bitcoin versus rates: the ultimate test for BTCs ‘Safe-Haven’-Use Case

2025-05-12
Add A Comment
Leave A Reply Cancel Reply

Top Posts

Sky’s flagship Stablecoin USDS goes live on Solana with Wormhole’s NTT Framework

2024-11-19

XRP – price is approaching the most important support – A breakdown can be devastating

2025-02-24

Top 10 NFT collections per activity last week

2025-02-17
Editors Picks

Kaia integrates Fireblocks to increase the security and scalability of Web3

2025-01-22

Commercial giant Robinhood launches new prediction markets Hub with Kalshi

2025-03-18

Bitcoin – Why ‘Greed vs. Fear’ will be the trading decision to shape the first quarter

2025-01-13

Permissionless Capital partners with Solana, Immutable, Chainlink for web3 startup competition

2024-04-10
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

Rooted in the south, built for the future

Can the resistance crush and re -design the rally?

Government control could cause the rise of ‘Dark Stablecoins’ – how?

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)$102,864.39-0.90%
  • ethereumEthereum(ETH)$2,487.63-0.60%
  • tetherTether USDt(USDT)$1.000.00%
  • rippleXRP(XRP)$2.537.12%
  • binancecoinBNB(BNB)$663.031.93%
  • solanaSolana(SOL)$173.791.11%
  • usd-coinUSDC(USDC)$1.000.01%
  • dogecoinDogecoin(DOGE)$0.2312500.15%
  • cardanoCardano(ADA)$0.822.17%
  • tronTRON(TRX)$0.2711282.35%
  • suiSui(SUI)$3.96-0.86%
  • chainlinkChainlink(LINK)$16.74-1.21%
  • avalanche-2Avalanche(AVAX)$24.911.05%
  • stellarStellar(XLM)$0.3145402.68%
  • shiba-inuShiba Inu(SHIB)$0.000016-0.80%
  • hedera-hashgraphHedera(HBAR)$0.2159495.24%
  • piPi(PI)$1.248.60%
  • the-open-networkToncoin(TON)$3.35-0.57%
  • hyperliquidHyperliquid(HYPE)$24.81-0.57%
  • bitcoin-cashBitcoin Cash(BCH)$409.830.56%
  • polkadotPolkadot(DOT)$5.090.05%
  • unus-sed-leoUNUS SED LEO(LEO)$8.572.70%
  • litecoinLitecoin(LTC)$102.312.62%
  • moneroMonero(XMR)$336.521.75%
  • pepePepe(PEPE)$0.000014-0.19%
  • bitget-tokenBitget Token(BGB)$4.79-1.29%
  • daiDai(DAI)$1.000.01%
  • ethena-usdeEthena USDe(USDE)$1.000.06%
  • uniswapUniswap(UNI)$6.87-0.36%
  • bittensorBittensor(TAO)$460.381.75%
  • nearNEAR Protocol(NEAR)$3.191.69%
  • aptosAptos(APT)$5.87-0.12%
  • aaveAave(AAVE)$220.600.29%
  • okbOKB(OKB)$54.53-0.88%
  • ondo-financeOndo(ONDO)$1.03-0.18%
  • internet-computerInternet Computer(ICP)$5.780.69%
  • kaspaKaspa(KAS)$0.116677-1.26%
  • ethereum-classicEthereum Classic(ETC)$19.80-0.15%
  • mantleMantle(MNT)$0.800.77%
  • render-tokenRender(RENDER)$5.19-0.05%
  • gatechain-tokenGateToken(GT)$21.840.09%
  • crypto-com-chainCronos(CRO)$0.1008442.88%
  • vechainVeChain(VET)$0.031060-0.36%
  • polygon-ecosystem-tokenPOL (prev. MATIC)(POL)$0.255759-0.10%
  • official-trumpOFFICIAL TRUMP(TRUMP)$13.05-5.13%
  • ethenaEthena(ENA)$0.386824-4.09%
  • usd1World Liberty Financial USD(USD1)$1.010.54%
  • filecoinFilecoin(FIL)$3.14-0.13%
  • algorandAlgorand(ALGO)$0.2425351.19%
  • cosmosCosmos(ATOM)$5.28-0.69%
  • bitcoinBitcoin(BTC)$102,864.39-0.90%
  • ethereumEthereum(ETH)$2,487.63-0.60%
  • tetherTether USDt(USDT)$1.000.00%
  • rippleXRP(XRP)$2.537.12%
  • binancecoinBNB(BNB)$663.031.93%
  • solanaSolana(SOL)$173.791.11%
  • usd-coinUSDC(USDC)$1.000.01%
  • dogecoinDogecoin(DOGE)$0.2312500.15%
  • cardanoCardano(ADA)$0.822.17%
  • tronTRON(TRX)$0.2711282.35%
  • suiSui(SUI)$3.96-0.86%
  • chainlinkChainlink(LINK)$16.74-1.21%
  • avalanche-2Avalanche(AVAX)$24.911.05%
  • stellarStellar(XLM)$0.3145402.68%
  • shiba-inuShiba Inu(SHIB)$0.000016-0.80%
  • hedera-hashgraphHedera(HBAR)$0.2159495.24%
  • piPi(PI)$1.248.60%
  • the-open-networkToncoin(TON)$3.35-0.57%
  • hyperliquidHyperliquid(HYPE)$24.81-0.57%
  • bitcoin-cashBitcoin Cash(BCH)$409.830.56%
  • polkadotPolkadot(DOT)$5.090.05%
  • unus-sed-leoUNUS SED LEO(LEO)$8.572.70%
  • litecoinLitecoin(LTC)$102.312.62%
  • moneroMonero(XMR)$336.521.75%
  • pepePepe(PEPE)$0.000014-0.19%
  • bitget-tokenBitget Token(BGB)$4.79-1.29%
  • daiDai(DAI)$1.000.01%
  • ethena-usdeEthena USDe(USDE)$1.000.06%
  • uniswapUniswap(UNI)$6.87-0.36%
  • bittensorBittensor(TAO)$460.381.75%
  • nearNEAR Protocol(NEAR)$3.191.69%
  • aptosAptos(APT)$5.87-0.12%
  • aaveAave(AAVE)$220.600.29%
  • okbOKB(OKB)$54.53-0.88%
  • ondo-financeOndo(ONDO)$1.03-0.18%
  • internet-computerInternet Computer(ICP)$5.780.69%
  • kaspaKaspa(KAS)$0.116677-1.26%
  • ethereum-classicEthereum Classic(ETC)$19.80-0.15%
  • mantleMantle(MNT)$0.800.77%
  • render-tokenRender(RENDER)$5.19-0.05%
  • gatechain-tokenGateToken(GT)$21.840.09%
  • crypto-com-chainCronos(CRO)$0.1008442.88%
  • vechainVeChain(VET)$0.031060-0.36%
  • polygon-ecosystem-tokenPOL (prev. MATIC)(POL)$0.255759-0.10%
  • official-trumpOFFICIAL TRUMP(TRUMP)$13.05-5.13%
  • ethenaEthena(ENA)$0.386824-4.09%
  • usd1World Liberty Financial USD(USD1)$1.010.54%
  • filecoinFilecoin(FIL)$3.14-0.13%
  • algorandAlgorand(ALGO)$0.2425351.19%
  • cosmosCosmos(ATOM)$5.28-0.69%