Bitcoin Price Analysis: Strong Rally Retests Macro Resistance

Bitcoin Price Analysis: Strong Rally Retests Macro Resistance 1

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Summary:

  1. The bitcoin market is experiencing a strong rally that has us testing the strength of the $8,300 resistance level.
  2. So far, the support level at $8,090 is holding and as long as the daily candle doesn’t close below the support level the market is poised for a retest of the $8,500s.
  3. If we see a close below the $8,090 support we will likely see a retest of deeper support at $7,700.

Trading and investing in digital assets like bitcoin is highly speculative and comes with many risks. This price analysis is for informational purposes and should not be considered investment advice. Statements and financial information on Bitcoin Magazine and BTC Inc sites do not necessarily reflect the opinion of BTC Inc. They should not be construed as an endorsement or recommendation to buy, sell or hold. Past performance is not necessarily indicative of future results.

Bitcoin Price Analysis: Strong Rally Retests Macro Resistance 2
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bitcoin
Bitcoin (BTC) $ 33,572.00
ethereum
Ethereum (ETH) $ 1,954.51
tether
Tether (USDT) $ 1.00
binance-coin
Binance Coin (BNB) $ 291.78
cardano
Cardano (ADA) $ 1.23
dogecoin
Dogecoin (DOGE) $ 0.235118
xrp
XRP (XRP) $ 0.634310
usd-coin
USD Coin (USDC) $ 1.00
polkadot
Polkadot (DOT) $ 15.73
binance-usd
Binance USD (BUSD) $ 1.00
USD
EUR
GBP
bitcoinBitcoin (BTC)
$ 33,572.00
ethereumEthereum (ETH)
$ 1,954.51
tetherTether (USDT)
$ 1.00
bitcoin-cashBitcoin Cash (BCH)
$ 468.31
litecoinLitecoin (LTC)
$ 127.51
bitcoinBitcoin (BTC)
28.205,68
ethereumEthereum (ETH)
1.642,09
tetherTether (USDT)
0,840155
bitcoin-cashBitcoin Cash (BCH)
393,45
litecoinLitecoin (LTC)
107,13
bitcoinBitcoin (BTC)
24,139.78
ethereumEthereum (ETH)
1,405.38
tetherTether (USDT)
0.719045
bitcoin-cashBitcoin Cash (BCH)
336.74
litecoinLitecoin (LTC)
91.69

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CryptoCurrencyUSDChange 1hChange 24hChange 7d
Bitcoin33,405 0.34 % 2.61 % 17.27 %
Ethereum1,948.3 0.29 % 3.63 % 23.93 %
Tether1.000 0.12 % 0.03 % 0.01 %
Binance Coin292.69 0.84 % 10.24 % 20.69 %
Cardano1.230 0.22 % 6.83 % 21.35 %
Dogecoin0.2314 1.64 % 22.03 % 28.04 %
XRP0.6341 0.46 % 13.16 % 27.32 %
USD Coin1.000 0.56 % 0.11 % 0.19 %
Polkadot15.69 0.06 % 5.71 % 34.96 %
Binance USD0.9999 0.38 % 0.27 % 0.34 %

bitcoin
Bitcoin (BTC) $ 33,572.00
ethereum
Ethereum (ETH) $ 1,954.51
tether
Tether (USDT) $ 1.00
binance-coin
Binance Coin (BNB) $ 291.78
cardano
Cardano (ADA) $ 1.23
dogecoin
Dogecoin (DOGE) $ 0.235118
xrp
XRP (XRP) $ 0.634310
usd-coin
USD Coin (USDC) $ 1.00
polkadot
Polkadot (DOT) $ 15.73
binance-usd
Binance USD (BUSD) $ 1.00