Bitcoin Price Analysis: BTC/USD Range Consolidation Spells Doom As $9,000 Calls

Published by
Bitcoin Price Analysis: BTC/USD Range Consolidation Spells Doom As $9,000 Calls
  • Bitcoin price faces increased selling activities; breakdown refreshes support at $9,250.
  • BTC/USD likely to consolidate at lower levels; $9,250 and $9,000 based on the prevailing technical levels.
  • Bitcoin price has spent the last one-week making attempts to break the critical resistance at $10,000. Halving past without an impact on the price. BTC/USD has, however, recovered considerably from the pre-halving dumping to $8,100. Following the numerous rejections at $10,000, Bitcoin has been embracing support above $9,500 until a key ascending trendline was broken.

    Sellers have increased their strength, pulling Bitcoin to the support at $9,250. The price is doddering at $9,461 amid a strengthening bearish grip. If the short term support at $9,400 fails to hold, BTC/USD could retest $9,250 and even extend the action below $9,000.

    Advertisement

    BTC/USD 1-hour chart

    BTC/USD price chart by Tradingview

    Applied technical indicators such as the Relative Strength Index (RSI) spell doom for Bitcoin in the near term. The indicator is currently spiraling towards the average after it became increasingly difficult to hold above 60. On the other hand, the short term 50 SMA in the 1-hour range has crossed below the 100 SMA at $9,665. This suggests that Bitcoin price would consolidate at lower price levels: $9,250 and $9,000.

    On the upside, if bulls renew the uptrend above the moving averages, the price could take another shot at breaking the seller congestion at $10,000. Other resistance zones you need to be aware of include $9,750, and $9,800.

    Advertisement

    Bitcoin Intraday Key Levels

    Spot rate: $9,458

    Relative change: -52.56

    Percentage change: -0.56%

    Trend: Bearish

    Volume: Expanding

    Volatility: High

     

    Advertisement
Share
John Isige

John is a seasoned crypto expert, renowned for his in-depth analysis and accurate price predictions in the digital asset market. As the Price Prediction Editor for Market Content at CoinGape Media, he is dedicated to delivering valuable insights on price trends and market forecasts. With his extensive experience in the crypto sphere, John has honed his skills in understanding on-chain data analytics, Non-Fungible Tokens (NFTs), Decentralized Finance (DeFi), Centralized Finance (CeFi), and the dynamic metaverse landscape. Through his steadfast reporting, John keeps his audience informed and equipped to navigate the ever-changing crypto market.

Published by
Why trust CoinGape: CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights to our readers. Our journalists and analysts bring years of experience in market analysis and blockchain technology to ensure factual accuracy and balanced reporting. By following our Editorial Policy, our writers verify every source, fact-check each story, rely on reputable sources, and attribute quotes and media correctly. We also follow a rigorous Review Methodology when evaluating exchanges and tools. From emerging blockchain projects and coin launches to industry events and technical developments, we cover all facets of the digital asset space with unwavering commitment to timely, relevant information.
Investment disclaimer: The content reflects the author’s personal views and current market conditions. Please conduct your own research before investing in cryptocurrencies, as neither the author nor the publication is responsible for any financial losses.
Ad Disclosure: This site may feature sponsored content and affiliate links. All advertisements are clearly labeled, and ad partners have no influence over our editorial content.

Recent Posts

  • Bitcoin News

Breaking: Bitcoin Hits New ATH Above $125k as ‘Uptober’ Kicks Off in Full Force

The Bitcoin price has hit a new all-time high, after staging a monstrous rally since…

October 5, 2025
  • Bitcoin News

99.3% of Bitcoin Supply in Profit, Analyst Warns of Short-Term Correction

Bitcoin (BTC) is in profit on almost all of its supply, leading to discussion by…

October 5, 2025
  • 24/7 Cryptocurrency News

Pro-Crypto Mike Selig Emerges As CFTC Chair Frontrunner, Gains Ripple CLO’s Endorsement

Pro-crypto Mike Selig is reportedly the frontrunner to become the next chair of the U.S.…

October 4, 2025
  • 24/7 Cryptocurrency News

‘Every Crypto ETF You Can Imagine’: Expert Predicts Flurry of Filings After REX-Osprey’s 21 Applications

Nate Geraci, president of Novadius Wealth Management, has predicted that several crypto ETF filings could…

October 4, 2025
  • Bitcoin News

Robinhood Lists Strategy’s Bitcoin-Backed Stocks, Boosting Saylor’s BTC Credit Model

Bitcoin-backed stocks of Strategy can now be accessed on Robinhood. This represents a significant move…

October 4, 2025
  • Bitcoin News

Bitcoin ETFs See 2025 Record Weekly Inflows of $3.2B as BTC Eyes New ATH

The Bitcoin ETFs have seen a huge turnaround this week, recording their largest weekly inflows…

October 4, 2025