BTC Price Analysis: Bitcoin Price Passed 12K
The Bitcoin price has finally touched a $12,000 mark. The price was stuck in $11,900 and was almost showing lazy movement in the past 48 hours. At the time of writing this, the BTC price is sitting at $12,160.73 (+2.50%). Let’s […]
Which topics should we dive deeper into?
Select what genuinely interests you. Your picks feed directly into our editorial planning.
Crypto news that's actually worth your time.
Weekly. 60 seconds. Carefully curated by our editors: no hype, no promo flood, no spam.
The Bitcoin price has finally touched a $12,000 mark. The price was stuck in $11,900 and was almost showing lazy movement in the past 48 hours. At the time of writing this, the BTC price is sitting at $12,160.73 (+2.50%). Let’s take a look at it in more detail.
BTC Price Analysis: The Bitcoin Price and the technical outlook
BTC Price Analysis 1 Day Chart: Tradingview
In just one hour, it seems that an unexpected flood in buying pressure came and this was responsible for driving the BTC/USD price over the $12,000 mark for the first time in the past few days. The Bitcoin price has gone past $12,125, the 2020 yearly high. The key metrics are as follows:
BTC Price Analysis: The Bullish Outline for Bitcoin Price
BTC Price Analysis 1 Month Chart: Tradingview
The 1 hr bullish plot for the BTC price could be defined between $11,912 – $12,208. If we analyze then the rejection at the $12,108 mark could be assumed but it will be too early to predict anything.
Over the past 30 days, the Bitcoin price performance (ROI) vs USD is quite impressive. The ROI has increased by almost +31% and ignoring the current price movement for BTC, where is the major digital asset headed to next? The daily chart continues to be bullish and bulls could be able to use this drive to push further. The daily uptrend could remain intact unless the bears can drop the BTC price below $11,900.
The $12,000 mark was a wiry resistance point for the BTC price to crack. In fact, it has been more acute due to meaningful liquidations following above the resistance level building extensive threads to the upside and downside in just few hours. Now, at the moment the trading volume is hight but market could still be unpredictable for the next 2 hours.
It is now crucial to view Bitcoin price trades above $12,060 for the next 4 to 5 hours and then see restoration to really validate the breakout. Still, there could be a possibility that the BTC price could touch $12,500 after touching $12,000 as the range between Bitcoin’s lowest and highest trading prices over the last 24 hours is $11,760.57 – $12,212.27. This could build more trust in the bullish market further climbing Bitcoin price to $12,500.
Conclusion
Studying the the above charts, we can notice that the opening breakout of BTC/USD price touched the $12,129. If this area is defeated during the current uptrend in the next few hours, then the first resistance level could be at $12,291, which also overhangs with the higher resistance. We wish you happy trading!
Want more news and price analyses? Join CryptoTicker on >>Telegram<< and >>Twitter<<
Related articles
- Don’t Buy Bitcoins right now, here’s why
- Michael Saylor Bitcoin Prediction: BTC Price will reach $1 Million?
- Bitcoin Price Prediction: Will the BTC Price Crash to $35,000?
- Ethereum Price Prediction as the Market Stagnates…Will ETH GO UP?
- Big Bitcoin News: Can Bitcoin Price Reach $50,000? Check These Five Reasons
Which topics should we dive deeper into?
Select what genuinely interests you. Your picks feed directly into our editorial planning.
Crypto news that's actually worth your time.
Weekly. 60 seconds. Carefully curated by our editors: no hype, no promo flood, no spam.
February 5, 2021 12:03 PM
Bitcoin Price is BACK ON TRACK – Should you BUY BTC?
A lot has been happening in the cryptocurrency market recently, but despite all the mainstream news, Bitcoin prices were consolidating for an extended while. It looks like Bitcoin prices were stagnant and the big uptrend that has been going on since 2020 has halted, with prices hovering around the 30K mark. Recently, prices were seen moving again and the traded volume started to pick up again, should we anticipate reaching another milestone?
December 16, 2020 4:42 PM
Bitcoin Price Analysis: BTC Price Surpasses $20,000. What’s Next?
Bitcoin price has just surpassed the amazing $20,000 mark for the first time in its history and sights for more.
November 22, 2019 11:33 AM
Why is the Bitcoin price going down?
The price of Bitcoin is presumably the most regularly explored character of the cryptocurrency market. The important question for many users is why the price of Bitcoin is declining? What are the reasons? If you observe the market closely then […]
March 10, 2024 6:01 PM
Will Bitcoin Fall in the next couple of days?
Explore Bitcoin's volatile journey, from dramatic highs to recent falls, and what future trends may hold for investors. Simplified insights for everyone.
February 28, 2024 5:15 PM
Bitcoin Price Prediction: Will Bitcoin Reach $100,000 Soon?
Bitcoin recently crossed the $60,000 mark, a milestone not seen in the past two years. Will Bitcoin reach $100,000 soon?
February 26, 2024 4:26 PM
Can $100 in Theta Network (THETA) turn into $1000 by Bitcoin Halving?
With Bitcoin taking a breather, it's giving altcoins like a chance to strut their stuff. This article is all about THETA price prediction
February 17, 2024 5:25 PM
5 Reasons Why the Bitcoin Price Can Rise to $500,000 in 2025!
The BTC burst above the 50,000 dollar threshold. We'd like to share five reasons why the Bitcoin price might grow to $500,000 by 2025.
February 14, 2024 1:45 PM
Bitcoin Reaches $51K Again: What’s Happening?
In this article, we'll talk about Bitcoin hitting $51K again, showing its big comeback and why it's a big deal for folks into crypto.
January 11, 2024 6:34 AM
TOP 5 COINS TO BUY After BTC-ETF APPROVAL
This article is all about the top 5 coins to buy after Bitcoin ETF approval. Let's take a look at this in more detail.
December 2, 2023 8:27 PM
IOTA Price Prediction: UP +100% in 2 Months…Can IOTA reach 1$?
IOTA increased in the last 2 months by more than 100%. Is IOTA a good buy? Let's analyze in this IOTA price prediction article.
February 26, 2023 6:23 AM
Top 5 Cryptocurrencies Of The Week – Week 8
This article is all about the top 5 cryptocurrencies that performed well in the last seven days. Let's take a look at it in more detail.
January 29, 2023 7:50 AM
Top 5 Cryptocurrencies Of The Week – Week 4
This article is all about the top 5 cryptocurrencies of the week that performed well in the last seven days. Let's take a look at it.
November 24, 2022 8:13 AM
Top 5 Undervalued Cryptocurrencies of 2022
What cryptocurrencies are presently under priced? This article is all about the top 5 undervalued cryptocurrencies of 2022
July 19, 2020 3:12 PM
The Top 5 Cryptocurrencies of the Week
The cryptocurrency world is full of surprises. Bitcoin price is not showing much improvement but some projects are currently experiencing a lot of hype. The altcoins performed well and are showing promising improvements. The following are the top 5 cryptocurrencies […]
June 24, 2019 7:39 AM
Bitcoin rises sharply – what are the reasons?
It’s clear to everyone now that Bitcoin is here to stay. The father of all cryptocurrencies is observing some strong gain. With explosive power, last week Bitcoin managed to jump over the psychologically important $ 10,000 hurdle and now seems […]
July 29, 2021 10:32 PM
Bitcoin Price Prediction – BTC Breached 40K! Will it climb to 50K next?
What is next for Bitcoin prices? In this Bitcoin price prediction article, we analyze what has happened so far and give trade setups.
January 8, 2024 6:50 AM
Bitcoin Price About to Explode?: 100-Day Bitcoin Halving Countdown Begins!
What will be the impact of Bitcoin halving on the BTC price? Let's take a look at this Bitcoin price prediction article.
December 4, 2023 3:31 PM
Bitcoin Ticker: BTC Price Crossed $41,000 and Showing Potential to Reach THIS Price!
Will Bitcoin price climb back to the $70,000 mark? Let's take a look at this Bitcoin Ticker article in more detail.
October 24, 2023 4:13 AM
Bitcoin News: Bitcoin Jumps 12% to Hit $34k in a Day!
Bitcoin's price makes a big leap, reaching $34,000 in just 24 hours. Discover the key events in the crypto world that fueled this impressive rise.
September 4, 2023 7:45 AM
Bitcoin Price Prediction: Bitcoin’s Price Could Explode to $50,000 in Just 6 Months!
What makes us foresee a significant uptrend in the upcoming months? Let's take a look at this Bitcoin price prediction article.
October 18, 2022 5:48 PM
When will Bitcoin reach $100,000? The year is NOT Near!
When can Bitcoin reach 100k again? (Hint: not anytime soon). Let's try to assess in this Bitcoin price prediction article.
May 24, 2022 7:31 PM
Bitcoin price hovering around $30,000 is GOOD! Here’s why
The Bitcoin price consolidation at $30,000 should be seen as a positive thing. In this article, we explain why Bitcoin prices should go up.
April 8, 2022 7:14 PM
Terra LUNA Price reaching $150 soon?? THIS Chart confirms it…
Should you BUY LUNA? We at CryptoTicker are giving you a new Terra Luna price prediction to assess the current situation. Check it out.
October 27, 2021 3:06 PM
Breaking News – Bitcoin Price Falls below 60K, is the Bullrun Over?
Is Bitcoin down because of a simple adjustment in prices or is the Bullrun over? Let's analyze Bitcoin Prices and see if buying today is a good plan.
May 26, 2020 12:37 PM
Bitcoin Price Analysis: Is BTC Price Recovering?
The Bitcoin halving event is just a few days away. The Bitcoin price is already showing a slight recovery after a considerable decline. Is this the perfect time for a rally above $10,000 and towards the all-time high at $20,000? […]
March 9, 2020 10:06 AM
Will CoronaVirus Impact the Bitcoin Price?
This is the sort of question that appears when every time Bitcoin price surges and drops significantly and apparently out of nowhere some analysts, experts directly associate such questions with anything like the US-Iran tension, Hong Kong protest, and so […]
January 8, 2020 2:59 PM
Bitcoin Price Analysis: Bitcoin about to Surge?
The year 2020 is so far quite profitable for Bitcoin. The Bitcoin price touched its most important point since November of 2019. The Bitcoin price has grown by over 22% over the past 6 days. This increase was not unusual […]
More from CryptoTicker