NewsletterBTC Price Prediction: Here’s When Bitcoin May Resume Its Prior Bullish Rally
BTC Price Prediction: For nearly a week, the Bitcoin price has been wavering below the $28300-$28000 resistance level, showcasing signs of exhausted bullish momentum. This cluster of candles with higher price rejection attached to them indicates the buyers struggle to sustain above the $28000 mark and increase the possibility of price correction. Here’s what you can expect in Bitcoin’s upcoming downfall.
Key Points
- High supply pressure at $18300 resistance foretells a possibility of a bearish reversal.
- A bullish crossover between the 100-and-200-day EMA may encourage buying orders into the market.
- The intraday trading volume in Bitcoin is $23.5 Billion, indicating a 24% loss.
Source-Tradingview
The ongoing recovery in Bitcoin price has taken a major halt at the $28000-$28300 resistance and is trading sideways for nearly a week now. After an explosive rally witnessed in last week, a minor consolidation or retracement is justifiable as it recuperates the bullish momentum.
Also Read: What Is Regenerative Finance (Refi) And Who Is It For?
The daily candle showcasing higher price rejection at $2800 indicates the sellers are defending this level, meanwhile, the coin price recently bounced back from $26700, indicating the buyers have not thrown in the towel yet.
Thus, if the FUD among market participants continues, the Bitcoin price may witness a prolonged consolidation within the above-mentioned levels. Thus, a daily candle closing above $18300 is needed to resume the prior recovery which may drive the prices to the $32000 mark.
On a contrary note, a breakdown below $26700 will encourage sellers for further corrections.
Technical Indicator
RSI(4-hour): Contrary to the sideways price action, the RSI slope moving lower indicates weakness in bullish momentum. This bearish divergence increases the possibility of longer correction.
EMAs: the daily EMAs(20 and 50) trying to chase the BTC price indicate the buyers rallied the bull run full throttle and therefore consolidation is needed.
Bitcoin Price Intraday Levels
- Spot rate: $28080
- Trend: Bearish
- Volatility: High
- Resistance levels- $28300-$28000 and $32000
- Support levels- $26700 and $2500
- Solana Mobile Set to Launch SKR Token in January 2026
- Tom Lee’s BitMine Keeps Buying ETH, Adds $150M Despite DAT Purchases Crashing 81%
- Ripple Moves Over $101 Million in XRP to Binance, What’s Next?
- BONK Scores Major Win as Team Adjusts Fee Structure to Boost DAT Purchases
- Kalshi, Robinhood and Crypto com Face Cease & Desist Order in Connecticut
- XRP Price Prediction as ETF Buyers Add $50.27M to Holdings
- Ethereum Price Reclaims $3,200 as Shark Wallets Accelerate Accumulation
- Dogecoin Price Holds $0.15: Bullish Reversal or Just a Temporary Bounce?
- Sui Price Surges 10% As Vanguard Group Adds SUI to Bitwise 10 Crypto Index
- Bitcoin Price Prediction: Will Next Bull Run Push BTC to $100,000?
- Pepe Coin Price Risks 80% Crash as Alarming Pattern Forms and 6.5T Inflows
Why Trust CoinGape
CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights Read more…to our readers. Our journal 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.
Premium Partners
