Price Analysis

BTC Price Analysis: Is BTC Preparing For $26,000 Next?

Published by
BTC Price Analysis: Is BTC Preparing For $26,000 Next?

Bitcoin (BTC) price extends the gains for the third straight session. The momentum picked up during the beginning of the week and remained intact as the price tag one-month-old resistance.

  • BTC price prints fresh gains on Wednesday amid sustained buying pressure.
  • The bullish breakout keeps the upside target intact near $26,000.
  • However, a daily candlestick below $22,000 would invalidate the bullish theory.

As of press time, BTC/USD reads at $23,675, up1.69% for the day. The 24-hour trading volume surged 9% at 49,808,152,504 according to CoinMarketCap.

Advertisement

BTC scales higher

Source: Trading view

On the daily time frame, the BTC looks promising after the recent consolidation breakout. BTC is continuously forming a ‘Drop-base-Drop Structure’ in the medium term resulting in the downside momentum. But now, that structure has been changed. BTC formed a Base-drop-Rally that resulted in the recent breakout of a range after consolidating in the $18,000-$20,000 price zone.

The BTC price is comfortably placed above the 20-day and 50-day EMA. A daily close above $24,000 would next see $26,000 on the horizon.

The MACD trades above the midline with a bullish crossover. The reading suggests the market still can move up.

Source: Trading view

On the 4-hour chart, BTC is continuously making Higher highs & higher lows. Further, the bullish crossover in 200-day EMA & 20-day EMA is a bullish sign. Earlier, on 8th April 2022, 20-day EMA breaks the 200-day EMA on the lower side, and ever since BTC is falling sharply, but the trend has now changed from bearish to bullish. 

On the flip side, a shift in the bearish sentiment would disown any bullish argument. We could see $22,000 on the downside.

 

Advertisement
Share
Rekha chauhan

Rekha has started as Forex market analyst. Analyzing fundamental news and its impact on the market movement. Later on, develop an interest in the fascinating world of cryptocurrency. Tracking the market using technical aspects.

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

  • Price Analysis

Cardano Price Risks 20% Crash Amid Death Cross and Falling ADA ETF Odds

Cardano price crash continued today, Oct. 30, after the Federal Reserve delivered a hawkish cut.…

October 30, 2025
  • Price Analysis

Bitcoin Price Forecast as Trump Cuts Tariffs After US-China Trade Deal

Bitcoin price dropped sharply, sliding 4% in the past 24 hours to $108,398. The decline…

October 30, 2025
  • Price Analysis

Analyst Foresees a Parabolic Rally for Pepe Coin Price as Whale Accumulation Intensifies

The Pepe Coin price has drawn renewed attention as analysts and whales hint at growing…

October 30, 2025
  • Price Analysis

Fidelity Amends S-1 for Solana ETF: Is SOL Price Set to Rally?

Solana price remains resilient above the $190 mark, showing signs of bullish momentum despite recent…

October 30, 2025
  • Price Analysis

Pi Coin Price Targets $0.65 as ISO 20022 Membership Boosts Institutional Confidence

Pi coin price has rebounded strongly, breaking its multi-month descending structure and targeting the $0.65…

October 30, 2025
  • Price Analysis

Ethereum Price Flips BTC in Strategy Shift, Eyes $4500 Level

Ethereum has overtaken Bitcoin in institutional treasuries, signaling a notable change in digital asset accumulation…

October 29, 2025