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 Recovers Within Range, Bears Still In Control Below $30K
Analysis

Bitcoin Price Recovers Within Range, Bears Still In Control Below $30K

2023-07-31No Comments2 Mins Read
Share
Facebook Twitter LinkedIn Pinterest Email

Bitcoin price is recovering higher from the $29,000 support. BTC could revisit the key $29,700 resistance zone in the coming sessions.

  • Bitcoin is slowly moving higher above the $29,200 and $29,300 levels.
  • The price is trading above $29,300 and the 100 hourly Simple moving average.
  • There was a break below a key bearish trend line with resistance near $29,375 on the hourly chart of the BTC/USD pair (data feed from Kraken).
  • The pair could rise toward the next major resistance at $29,700.

Bitcoin Price Faces Many Hurdles

Bitcoin price retested the $29,050 support zone where the bulls emerged. BTC remained strong above the $29,000 zone and recently started a fresh increase.

There was a clear move above the $29,250 and $29,300 levels. The price broke the 50% Fib retracement level of the downward move from the $29,678 swing high to the $29,070 support. Besides, there was a break below a key bearish trend line with resistance near $29,375 on the hourly chart of the BTC/USD pair.

Bitcoin is now trading above $29,300 and the 100 hourly Simple moving average. It is now facing resistance near the $29,450 level.

It seems like the 61.8% Fib retracement level of the downward move from the $29,678 swing high to the $29,070 support is acting as a resistance. The first major resistance is still near the $29,650 level. The next major resistance is near the $29,700 level, above which the price might rise toward the $30,000 resistance zone.

Bitcoin Price

Source: BTCUSD on TradingView.com

A close above the $30,000 resistance zone could start a decent increase. In the stated case, the price may even surpass the $30,400 resistance.

See also  Crypto analyst says Bitcoin back in business, calls on BTC Uptrend if one support level is the case

Fresh Decline in BTC?

If Bitcoin fails to clear the $29,700 resistance, it could start a fresh decline. Immediate support on the downside is near the $29,300 level and the 100 hourly Simple moving average.

The next major support is near the $29,050 level, below which the price could accelerate lower. The next support is near the $28,800 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 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 – $29,200, followed by $29,050.

Major Resistance Levels – $29,450, $29,700, and $30,000.

Source link

30k Bears Bitcoin Control Price Range Recovers
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

South Korean gaming giant Wemade will double its bet on blockchain-based social communities

2025-01-03

NFTs need to take a backseat

2023-07-21

ZEP-Near Partnership: Driving the Development of Metaverse Platforms

2023-11-13
Editors Picks

Capmoney’s Cusd Taps Chainlink Feeds as Link Battles Falling Metrics

2025-04-20

Caroline Ellison kept a Google Doc called “Things Sam Worries About”

2023-10-12

Everything is fine… for now.

2023-06-19

American legislators warn Treasury about taxing the non -realized crypto wins of American companies

2025-05-13
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)$109,685.052.76%
  • ethereumEthereum(ETH)$2,552.641.16%
  • tetherTether USDt(USDT)$1.00-0.02%
  • rippleXRP(XRP)$2.401.85%
  • binancecoinBNB(BNB)$673.653.56%
  • solanaSolana(SOL)$173.703.16%
  • usd-coinUSDC(USDC)$1.00-0.03%
  • dogecoinDogecoin(DOGE)$0.2341833.59%
  • cardanoCardano(ADA)$0.773.44%
  • tronTRON(TRX)$0.268464-0.26%
  • suiSui(SUI)$3.932.18%
  • chainlinkChainlink(LINK)$16.122.74%
  • avalanche-2Avalanche(AVAX)$23.232.90%
  • hyperliquidHyperliquid(HYPE)$28.216.48%
  • stellarStellar(XLM)$0.2936102.11%
  • shiba-inuShiba Inu(SHIB)$0.0000151.75%
  • hedera-hashgraphHedera(HBAR)$0.1983501.76%
  • unus-sed-leoUNUS SED LEO(LEO)$8.871.04%
  • bitcoin-cashBitcoin Cash(BCH)$407.443.41%
  • the-open-networkToncoin(TON)$3.100.37%
  • polkadotPolkadot(DOT)$4.751.57%
  • litecoinLitecoin(LTC)$97.283.07%
  • moneroMonero(XMR)$398.2013.11%
  • piPi(PI)$0.8511.97%
  • bitget-tokenBitget Token(BGB)$5.251.92%
  • pepePepe(PEPE)$0.0000144.13%
  • daiDai(DAI)$1.00-0.01%
  • ethena-usdeEthena USDe(USDE)$1.000.02%
  • bittensorBittensor(TAO)$449.518.30%
  • uniswapUniswap(UNI)$6.223.38%
  • aaveAave(AAVE)$247.70-4.26%
  • nearNEAR Protocol(NEAR)$2.872.45%
  • aptosAptos(APT)$5.282.60%
  • okbOKB(OKB)$52.440.53%
  • ondo-financeOndo(ONDO)$0.983.84%
  • kaspaKaspa(KAS)$0.1131382.20%
  • official-trumpOFFICIAL TRUMP(TRUMP)$14.460.31%
  • ethereum-classicEthereum Classic(ETC)$19.023.37%
  • internet-computerInternet Computer(ICP)$5.361.89%
  • gatechain-tokenGateToken(GT)$21.851.56%
  • crypto-com-chainCronos(CRO)$0.0977080.95%
  • polygon-ecosystem-tokenPOL (prev. MATIC)(POL)$0.2419724.31%
  • vechainVeChain(VET)$0.0291962.37%
  • mantleMantle(MNT)$0.74-1.09%
  • render-tokenRender(RENDER)$4.783.03%
  • ethenaEthena(ENA)$0.3982495.71%
  • usd1World Liberty Financial USD(USD1)$1.000.08%
  • arbitrumArbitrum(ARB)$0.4112694.54%
  • algorandAlgorand(ALGO)$0.2309212.96%
  • filecoinFilecoin(FIL)$2.952.96%
  • bitcoinBitcoin(BTC)$109,685.052.76%
  • ethereumEthereum(ETH)$2,552.641.16%
  • tetherTether USDt(USDT)$1.00-0.02%
  • rippleXRP(XRP)$2.401.85%
  • binancecoinBNB(BNB)$673.653.56%
  • solanaSolana(SOL)$173.703.16%
  • usd-coinUSDC(USDC)$1.00-0.03%
  • dogecoinDogecoin(DOGE)$0.2341833.59%
  • cardanoCardano(ADA)$0.773.44%
  • tronTRON(TRX)$0.268464-0.26%
  • suiSui(SUI)$3.932.18%
  • chainlinkChainlink(LINK)$16.122.74%
  • avalanche-2Avalanche(AVAX)$23.232.90%
  • hyperliquidHyperliquid(HYPE)$28.216.48%
  • stellarStellar(XLM)$0.2936102.11%
  • shiba-inuShiba Inu(SHIB)$0.0000151.75%
  • hedera-hashgraphHedera(HBAR)$0.1983501.76%
  • unus-sed-leoUNUS SED LEO(LEO)$8.871.04%
  • bitcoin-cashBitcoin Cash(BCH)$407.443.41%
  • the-open-networkToncoin(TON)$3.100.37%
  • polkadotPolkadot(DOT)$4.751.57%
  • litecoinLitecoin(LTC)$97.283.07%
  • moneroMonero(XMR)$398.2013.11%
  • piPi(PI)$0.8511.97%
  • bitget-tokenBitget Token(BGB)$5.251.92%
  • pepePepe(PEPE)$0.0000144.13%
  • daiDai(DAI)$1.00-0.01%
  • ethena-usdeEthena USDe(USDE)$1.000.02%
  • bittensorBittensor(TAO)$449.518.30%
  • uniswapUniswap(UNI)$6.223.38%
  • aaveAave(AAVE)$247.70-4.26%
  • nearNEAR Protocol(NEAR)$2.872.45%
  • aptosAptos(APT)$5.282.60%
  • okbOKB(OKB)$52.440.53%
  • ondo-financeOndo(ONDO)$0.983.84%
  • kaspaKaspa(KAS)$0.1131382.20%
  • official-trumpOFFICIAL TRUMP(TRUMP)$14.460.31%
  • ethereum-classicEthereum Classic(ETC)$19.023.37%
  • internet-computerInternet Computer(ICP)$5.361.89%
  • gatechain-tokenGateToken(GT)$21.851.56%
  • crypto-com-chainCronos(CRO)$0.0977080.95%
  • polygon-ecosystem-tokenPOL (prev. MATIC)(POL)$0.2419724.31%
  • vechainVeChain(VET)$0.0291962.37%
  • mantleMantle(MNT)$0.74-1.09%
  • render-tokenRender(RENDER)$4.783.03%
  • ethenaEthena(ENA)$0.3982495.71%
  • usd1World Liberty Financial USD(USD1)$1.000.08%
  • arbitrumArbitrum(ARB)$0.4112694.54%
  • algorandAlgorand(ALGO)$0.2309212.96%
  • filecoinFilecoin(FIL)$2.952.96%