If you’re interested in technical analysis, TradingView provides real-time insights for BTCUSD.
- 1-day Change: BTCUSD has experienced a -1.60% decline in the past 24 hours.
- 1-week Change: Over the last week, BTCUSD has seen a 1.19% increase.
- 1-month Change: However, in the past month, BTCUSD has dropped by -11.55%.
- 6-month Change: Looking at a broader timeframe, BTCUSD has surged by 67.11% in the last six months.
- Year-to-date Performance: So far this year, BTCUSD has gained 45.13%.
- 1-year Change: Over the past year, BTCUSD has risen by an impressive 121.51%.
- 5-year Growth: Looking back five years, BTCUSD has soared by an astonishing 896.98%.
- All-time Performance: Since its inception, Bitcoin has seen an incredible 562569.72% growth1.
Recent Analysis Insights
- BTCUSD Bounce and Resistance:
- BTCUSD recently bounced back strongly from the $56,000 support level.
- Key resistance lies at $64,000; a break above this level would be bullish.
- Failure to break this resistance could lead to testing new lows for the year.
- BTCUSD Uptrend Continuation Signal:
- Bitcoin price remains well above the $62,500 support zone.
- It has extended gains, overcoming resistance at $64,500 and even clearing $65,000.
- A high was formed at $65,550, and the price is currently correcting gains
- Bear Trap Scenario:
- Despite recent price drops, some analysts believe it was a bear trap.
- Mass liquidations occurred, leading to a decline in the overall market.
- The trend remains strong and bullish, but market dynamics can change rapidly