Bitcoin Price Analysis: BTC/USD Safe Or Rollercoaster To $3,000 Just On A Technical Break?

Bitcoin price recent plunge under $4,000 risked shattering key triangle support.
Bitcoin price finds support at $5,000 but must fight to clear the resistance at $6,000 to avert a potential technical crash to $3,000.

Bitcoin price is back to trading above $5,000 following a bearish correction to levels under $4,500. The Asian session on Tuesday is characterized by a renewed upward trend whereby BTC/USD has recovered from intraday lows at $4,936 to highs around $5,426. Bitcoin price is dancing 6.18% higher on the day at $5,295 (market value). In spite of the upward movement, BTC/USD is still facing a bearish trend (short term bias) and high volatility.

BTC/USD daily chart

Bitcoin price is trading near the support of a symmetrical triangle. The dip last week to levels around $3,820 put the triangle support to a test. A break under this support line could be catastrophic for BTC/USD as it could trigger another selloff unlikely to be stopped by the 2018 support at $3,150.

However, the ongoing attempt to pull Bitcoin price into recovery could eventually culminate in a significant breakout targeting $14,000 in the coming months, especially after the May 2020 halving. Meanwhile, $5,000 is holding the ground as the key support area. Bitcoin has tested the resistance at $6,000 twice in the last seven days. Therefore, a high concentration of sellers is expected at this zone but if cleared, it could trigger more gains towards the psychological $7,000 level.

The 200-day SMA is still holding the position under the 50-day SMA. If the gap between the two continues to widen in the coming sessions, Bitcoin price is unlikely to stay above $5,000. Instead, a consolidation could take place between $4,500 and $5,000.

Bitcoin Key Levels

Spot rate: $5,295

Relative change: 254

Percentage change: 5%

Volatility: High

Trend: Short term bearish bias

Recommended
Price Analysis

Best Crypto Presales To Invest In September 2025 – Top Upcoming Presale Tokens

Best Crypto AI Trading Bots In 2025

Top Meme Coins To Buy In September 2025

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.

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.