Tuesday, August 12, 2025
Daily Crypto Post
  • Home
  • News
    • Altcoins News
    • Cryptocurrency News
  • Market
    • Price Analysis
  • About
  • Contact
No Result
View All Result
  • Home
  • News
    • Altcoins News
    • Cryptocurrency News
  • Market
    • Price Analysis
  • About
  • Contact
No Result
View All Result
Daily Crypto Post
No Result
View All Result

BTC Eyes a Bullish Surge as Key Support Holds and Resistance Nears, Predicts Analyst

Munene Timothy by Munene Timothy
March 13, 2025
in Binance Feed, Market
Reading Time: 4 mins read
BTC Eyes a Bullish Surge as Key Support Holds and Resistance Nears, Predicts Analyst
Share on FacebookShare on TwitterShare on RedditShare on Telegram
  • Bitcoin’s falling wedge suggests a bullish breakout, with key resistance at $87K and a potential rally to $100K if momentum holds.
  • Support at $78K–$80K is crucial; a breakdown risks further declines, while a breakout above $87K could trigger a strong uptrend.
  • Bollinger Bands show BTC at oversold levels, with the 20-day SMA at $87K as resistance and $96K as the next upside target.

Bitcoin is forming a narrowing wedge pattern. According to CryptoJack, BTC could see a short term pullback before a strong breakout. Bitcoin may first test lower support before rallying toward $100,000. 

Bitcoin’s Falling Wedge Pattern 

Bitcoin has been forming a falling wedge pattern, which historically suggests a bullish breakout upon completion. The upper resistance trendline connects a high of $102,000 and the lower high of $90,000. 

Related articles

Pump.fun Circulating Supply Drops to Just 21.43% of LetsBONK, Market Share Shrinks to 22.2%

Pump.fun Circulating Supply Drops to Just 21.43% of LetsBONK, Market Share Shrinks to 22.2%

August 4, 2025
XRP Price Prediction for Aug 3 — Will $2.95 Hold or Break in This Pivotal Setup

XRP Price Prediction for Aug 3 — Will $2.95 Hold or Break in This Pivotal Setup?

August 2, 2025
Source: CryptoJack

Meanwhile, the lower support trendline links price points at $72,000 and $76,000, connecting toward $78,000–$80,000. Short-term predictions indicate two potential price paths. A bearish scenario could see BTC retesting support at $78,000–$80,000 before rebounding. 

However, a bullish breakout from this range may lead to a five-wave impulse rally. If BTC holds support, the price could initially climb to $85,000–$87,000 before a brief retracement to $82,000. A sustained rally could then push BTC toward $92,000–$95,000, with final targets exceeding $100,000.

Key Indicators Show Market Momentum 

BTC opened the day at $83,702.47, reaching a high of $84,345.78 before dipping to $81,575.95. Trading at $82,370.72, BTC is down by 0.46%.

Source: TradingView

The Bollinger Bands indicate that Bitcoin is testing the lower band at $77,587.59, suggesting an oversold outlook. Meanwhile, the 20-day simple moving average at $87,103.62 is a key resistance level. 

A decisive move above this could indicate the beginning of a stronger uptrend toward the upper Bollinger Band at $96,619.64. Volume shows BTC’s trading activity is at 199 BTC, relatively low compared to high activity periods. 

This suggests a consolidation phase following recent declines. Additionally, the Market-Value-to-Realized-Value (MVRV) Z-Score is at 22.30, indicating that Bitcoin’s market valuation has cooled, moving closer to its fair value.

Support and Breakout Levels

The market is at a decisive point, with support at $78,000–$80,000 being important. If Bitcoin maintains this level, a bullish reversal could be imminent, driving prices higher. A breakout above $87,103.62 would be a shift in momentum, potentially leading to further gains toward $96,619.64.

However, failure to hold above key support could lead to additional downside risks. If BTC drops below $78,000, the current bullish setup may be invalidated. On the other hand, surpassing $90,000 could lead to strong buying pressure, potentially pushing BTC beyond $100,000.

Tags: Bitcoin (BTC) NewsPrice Analysis

Related Posts

Pump.fun Circulating Supply Drops to Just 21.43% of LetsBONK, Market Share Shrinks to 22.2%

Pump.fun Circulating Supply Drops to Just 21.43% of LetsBONK, Market Share Shrinks to 22.2%

by Munene Timothy
August 4, 2025

Pump.fun's token supply lags at 21.43% of LetsBONK’s, pushing its market share down to 22.2% amid changing user preference. LetsBONK...

XRP Price Prediction for Aug 3 — Will $2.95 Hold or Break in This Pivotal Setup

XRP Price Prediction for Aug 3 — Will $2.95 Hold or Break in This Pivotal Setup?

by Munene Timothy
August 2, 2025

XRP trades above key $2.95 support with bearish MACD and neutral RSI; price action suggests short term consolidation. Price remains...

Ethereum Dips Below $3,500 as Key Support Holds — Market Eyes Discount Window Amid Wider Crypto Pullback

Ethereum Dips Below $3,500 as Key Support Holds — Market Eyes Discount Window Amid Wider Crypto Pullback

by Veronicah Peninah
August 2, 2025

ETH currently trades at $3,489.96, with recent price action forming a discount zone of 10%–30% from local highs. Ethereum’s price...

Paul Atkins Unveils Project Crypto to Reinvent U.S. Capital Markets

Paul Atkins Unveils Project Crypto to Reinvent U.S. Capital Markets

by Irene Mukiri
August 2, 2025

SEC’s Project Crypto aims to modernize outdated rules for blockchain innovation U.S. positions itself to lead global digital finance with...

XRP Market Cap Model Suggests $10B in Buy Orders Could Skyrocket Price to $90

XRP Market Cap Model Suggests $10B in Buy Orders Could Skyrocket Price to $90

by Jonathan Carls
August 2, 2025

Thin liquidity enables massive XRP price jumps with minimal capital inflows Market cap multipliers reveal how $10B could drive XRP...

Load More

Recent News

  • Pump.fun Circulating Supply Drops to Just 21.43% of LetsBONK, Market Share Shrinks to 22.2%
  • XRP Price Prediction for Aug 3 — Will $2.95 Hold or Break in This Pivotal Setup?
  • Ethereum Dips Below $3,500 as Key Support Holds — Market Eyes Discount Window Amid Wider Crypto Pullback
  • Paul Atkins Unveils Project Crypto to Reinvent U.S. Capital Markets
  • XRP Market Cap Model Suggests $10B in Buy Orders Could Skyrocket Price to $90

Popular News

  • KEKIUS Price Prediction for June 2025 Signs of Weak Momentum and Accumulation Battle

    KEKIUS Price Prediction for June 2025: Signs of Weak Momentum and Accumulation Battle

    205 shares
    Share 82 Tweet 51
  • Market Analyst say XRP Could Finally Break Out of Its Current Consolidation in 2-4 weeks If It’s Following 2017

    202 shares
    Share 81 Tweet 51
  • SUI Price Breakout or Fakeout? What Chart Patterns Are Saying

    201 shares
    Share 80 Tweet 50
  • Bitcoin and Ethereum Face Pressure as 2,500 BTC and 80,000 ETH Hit Exchanges Amid Political Fallout

    202 shares
    Share 81 Tweet 51
  • SEC Approves Nasdaq Crypto Index Update to Include SOL, ADA, XLM, and XRP

    202 shares
    Share 81 Tweet 51

Live Crypto News | Bitcoin and Altcoins News & Insights.

Recent News

Pump.fun Circulating Supply Drops to Just 21.43% of LetsBONK, Market Share Shrinks to 22.2%
Pump.fun Circulating Supply Drops to Just 21.43% of LetsBONK, Market Share Shrinks to 22.2%
August 4, 2025
XRP Price Prediction for Aug 3 — Will $2.95 Hold or Break in This Pivotal Setup
XRP Price Prediction for Aug 3 — Will $2.95 Hold or Break in This Pivotal Setup?
August 2, 2025
Ethereum Dips Below $3,500 as Key Support Holds — Market Eyes Discount Window Amid Wider Crypto Pullback
Ethereum Dips Below $3,500 as Key Support Holds — Market Eyes Discount Window Amid Wider Crypto Pullback
August 2, 2025

© Daily Crypto Post. Live Crypto News | Bitcoin and Altcoins News & Insights. All Rights Reserved.

No Result
View All Result
  • Home
  • News
    • Altcoins News
    • Cryptocurrency News
  • Market
    • Price Analysis
  • About
  • Contact