{"id":638451,"date":"2025-08-29T02:48:44","date_gmt":"2025-08-29T02:48:44","guid":{"rendered":"https:\/\/uniquehot.com\/?p=638451"},"modified":"2025-08-29T02:48:44","modified_gmt":"2025-08-29T02:48:44","slug":"bitcoin-price-range-60k","status":"publish","type":"post","link":"https:\/\/uniquehot.com\/analysis\/btc\/bitcoin-price-range-60k\/","title":{"rendered":"Bitcoin Price Holds in Range: Can Bulls Launch a Recovery?"},"content":{"rendered":"<p><em>Bitcoin price started a consolidation phase near the $58,500 level. BTC must clear the $60,500 resistance to start a recovery wave in the near term.<\/em><\/p>\n<ul>\n<li>Bitcoin tested the $58,000 zone before there was a minor recovery.<\/li>\n<li>The price is trading below $62,000 and the 100 hourly Simple moving average.<\/li>\n<li>There is a major bearish trend line forming with resistance at $60,200 on the hourly chart of the BTC\/USD pair (data feed from Kraken).<\/li>\n<li>The pair might slip again if there is no move above the $60,500 resistance.<\/li>\n<\/ul>\n<h2>Bitcoin Price Starts Consolidation<\/h2>\n<p>Bitcoin price gained <a href=\"https:\/\/uniquehot.com\/analysis\/btc\/bitcoin-price-drops-60k\/\" target=\"_blank\" rel=\"noopener \">bearish momentum<\/a> below the $62,500 level. The price even dived below the $60,000 level. Finally, the bulls appeared near the $58,000 level.<\/p>\n<p>A low was formed at $58,009 and the price is now consolidating losses. There was a minor recovery wave above the $58,500 and $58,800 levels. The price tested the 23.6% Fib retracement level of the downward wave from the $65,070 swing high to the $58,009 low.<\/p>\n<p>Bitcoin is now trading below $61,200 and the <a href=\"https:\/\/uniquehot.com\/analysis\/btc\/bitcoin-price-slips-63500\/\" target=\"_blank\" rel=\"noopener \">100 hourly Simple moving average<\/a>. On the upside, the price could face resistance near the $59,650 level. The first key resistance is near the $60,000 level. There is also a major bearish trend line forming with resistance at $60,200 on the hourly chart of the BTC\/USD pair.<\/p>\n<p>A clear move above the $60,200 resistance might send the price further higher in the coming sessions. The next key resistance could be $61,500. It is close to the 50% Fib retracement level of the downward wave from the $65,070 swing high to the $58,009 low.<\/p>\n<figure id=\"attachment_638452\" aria-describedby=\"caption-attachment-638452\" style=\"width: 1024px\" class=\"wp-caption alignnone\"><a href=\"https:\/\/uniquehot.com\/wp-content\/uploads\/2024\/08\/Bitcoin_13bdac.png\"><img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" class=\"wp-image-638452 size-full\" src=\"https:\/\/uniquehot.com\/wp-content\/uploads\/2024\/08\/Bitcoin_13bdac.png?resize=1024%2C461\" alt=\"Bitcoin Price\" width=\"1024\" height=\"461\" srcset=\"https:\/\/uniquehot.com\/wp-content\/uploads\/2024\/08\/Bitcoin_13bdac.png?w=1835 1835w, https:\/\/uniquehot.com\/wp-content\/uploads\/2024\/08\/Bitcoin_13bdac.png?w=460 460w, https:\/\/uniquehot.com\/wp-content\/uploads\/2024\/08\/Bitcoin_13bdac.png?w=768 768w, https:\/\/uniquehot.com\/wp-content\/uploads\/2024\/08\/Bitcoin_13bdac.png?w=860 860w, https:\/\/uniquehot.com\/wp-content\/uploads\/2024\/08\/Bitcoin_13bdac.png?w=1536 1536w, https:\/\/uniquehot.com\/wp-content\/uploads\/2024\/08\/Bitcoin_13bdac.png?w=750 750w, https:\/\/uniquehot.com\/wp-content\/uploads\/2024\/08\/Bitcoin_13bdac.png?w=1140 1140w\" sizes=\"(max-width: 1000px) 100vw, 1000px\"><\/a><figcaption id=\"caption-attachment-638452\" class=\"wp-caption-text\">Source: <a href=\"https:\/\/www.tradingview.com\/symbols\/BTCUSD\/\" target=\"_blank\" rel=\"noopener nofollow\">BTCUSD on TradingView.com<\/a><\/figcaption><\/figure>\n<p>A close above the $61,500 resistance might spark more upsides. In the stated case, the price could rise and test the $62,500 resistance.<\/p>\n<h2>More Downsides In BTC?<\/h2>\n<p>If Bitcoin fails to rise above the $60,200 resistance zone, it could continue to move down. Immediate support on the downside is near the $58,550 level.<\/p>\n<p>The first major support is $58,000. The next support is now near the $57,650 zone. Any more losses might send the price toward the $56,500 support in the near term.<\/p>\n<p>Technical indicators:<\/p>\n<p>Hourly MACD \u2013 The MACD is now losing pace in the bearish zone.<\/p>\n<p>Hourly RSI (Relative Strength Index) \u2013 The RSI for BTC\/USD is now below the 50 level.<\/p>\n<p>Major Support Levels \u2013 $58,550, followed by $58,000.<\/p>\n<p>Major Resistance Levels \u2013 $60,200, and $61,500.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Bitcoin price started a consolidation phase near the $58,500 level. BTC must clear the $60,500 resistance to start a recovery wave in the near term. Bitcoin tested the $58,000 zone before there was a minor recovery. The price is trading below $62,000 and the 100 hourly Simple moving average. There is a major bearish trend line forming with resistance at $60,200 on the hourly chart of the BTC\/USD pair (data feed from Kraken). The pair might slip again if there is no move above the $60,500 resistance. Bitcoin Price Starts Consolidation Bitcoin price gained bearish momentum below the $62,500 level. The price even dived below the $60,000 level. Finally, the bulls appeared near the $58,000 level. A low was formed at $58,009 and the price is now consolidating losses. There was a minor recovery wave above the $58,500 and $58,800 levels. The price tested the 23.6% Fib retracement level of the downward wave from the $65,070 swing high to the $58,009 low. Bitcoin is now trading below $61,200 and the 100 hourly Simple moving average. On the upside, the price could face resistance near the $59,650 level. The first key resistance is near the $60,000 level. There is also a major bearish trend line forming with resistance at $60,200 on the hourly chart of the BTC\/USD pair. A clear move above the $60,200 resistance might send the price further higher in the coming sessions. The next key resistance could be $61,500. It is close to the 50% Fib retracement level of the downward wave from the $65,070 swing high to the $58,009 low. A close above the $61,500 resistance might spark more upsides. In the stated case, the price could rise and test the $62,500 resistance. More Downsides In BTC? If Bitcoin fails to rise above the $60,200 resistance zone, it could continue to move down. Immediate support on the downside is near the $58,550 level. The first major support is $58,000. The next support is now near the $57,650 zone. Any more losses might send the price toward the $56,500 support in the near term. Technical indicators: Hourly MACD \u2013 The MACD is now losing pace in the bearish zone. Hourly RSI (Relative Strength Index) \u2013 The RSI for BTC\/USD is now below the 50 level. Major Support Levels \u2013 $58,550, followed by $58,000. Major Resistance Levels \u2013 $60,200, and $61,500.<\/p>\n","protected":false},"author":67,"featured_media":638453,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[83361],"tags":[428,679,1144,78790,76835],"class_list":["post-638451","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-btc","tag-bitcoin","tag-bitcoin-price","tag-btcusd","tag-btcusdt","tag-xbtusd"],"acf":[],"yoast_head":"\n<title>Bitcoin Price Holds in Range: Can Bulls Launch a Recovery?<\/title>\n<meta name=\"description\" content=\"Bitcoin price started a consolidation phase near the $58,500 level. 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His background in software engineering has equipped him with a unique skill set, enabling him to leverage cutting-edge tools and algorithms to gain a competitive edge in an ever-evolving landscape. In addition to his roles in finance and technology, Aayush serves as the director of a prestigious IT company, where he spearheads initiatives aimed at driving digital innovation and transformation. Under his visionary leadership, the company has flourished, cementing its position as a leader in the tech industry and paving the way for groundbreaking advancements in software development and IT solutions. Despite his demanding professional commitments, Aayush is a firm believer in the importance of work-life balance. An avid traveler and adventurer, he finds solace in exploring new destinations, immersing himself in different cultures, and forging lasting memories along the way. Whether he's trekking through the Himalayas, diving in the azure waters of the Maldives, or experiencing the vibrant energy of bustling metropolises, Aayush embraces every opportunity to broaden his horizons and create unforgettable experiences. Aayush's journey to success is marked by a relentless pursuit of excellence and a steadfast commitment to continuous learning and growth. His academic achievements are a testament to his dedication and passion for excellence, having completed his software engineering with honors and excelling in every department. At his core, Aayush is driven by a profound passion for analyzing markets and uncovering profitable opportunities amidst volatility. Whether he's poring over price charts, identifying key support and resistance levels, or providing insightful analysis to his clients and followers, Aayush's unwavering dedication to his craft sets him apart as a true industry leader and a beacon of inspiration to aspiring traders around the globe. In a world where uncertainty reigns supreme, Aayush Jindal stands as a guiding light, illuminating the path to financial success with his unparalleled expertise, unwavering integrity, and boundless enthusiasm for the markets.","sameAs":["https:\/\/www.linkedin.com\/in\/aayush-jindal-358b6932\/","https:\/\/x.com\/twitter.com\/AayushJs"],"url":"https:\/\/uniquehot.com\/author\/aayushjindal\/"}]}},"parsely":{"version":"1.1.0","meta":{"@context":"https:\/\/schema.org","@type":"NewsArticle","headline":"Bitcoin Price Holds in Range: Can Bulls Launch a Recovery?","url":"http:\/\/uniquehot.com\/analysis\/btc\/bitcoin-price-range-60k\/","mainEntityOfPage":{"@type":"WebPage","@id":"http:\/\/uniquehot.com\/analysis\/btc\/bitcoin-price-range-60k\/"},"thumbnailUrl":"https:\/\/uniquehot.com\/wp-content\/uploads\/2024\/08\/Bitcoin-Bulls-Struggle.jpg?resize=200%2C200","image":{"@type":"ImageObject","url":"https:\/\/uniquehot.com\/wp-content\/uploads\/2024\/08\/Bitcoin-Bulls-Struggle.jpg?fit=1792%2C1024"},"articleSection":"BTC","author":[{"@type":"Person","name":"Aayush Jindal"}],"creator":["Aayush Jindal"],"publisher":{"@type":"Organization","name":"NewsBTC","logo":"https:\/\/uniquehot.com\/wp-content\/uploads\/2020\/06\/cropped-cropped-cropped-favicon.png?w=32"},"keywords":["bitcoin","bitcoin price","btcusd","btcusdt","xbtusd"],"dateCreated":"2025-08-29T02:48:44Z","datePublished":"2025-08-29T02:48:44Z","dateModified":"2025-08-29T02:48:44Z"},"rendered":"<script type=\"application\/ld+json\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@type\":\"NewsArticle\",\"headline\":\"Bitcoin Price Holds in Range: Can Bulls Launch a Recovery?\",\"url\":\"http:\\\/\\\/uniquehot.com\\\/analysis\\\/btc\\\/bitcoin-price-range-60k\\\/\",\"mainEntityOfPage\":{\"@type\":\"WebPage\",\"@id\":\"http:\\\/\\\/uniquehot.com\\\/analysis\\\/btc\\\/bitcoin-price-range-60k\\\/\"},\"thumbnailUrl\":\"https:\\\/\\\/uniquehot.com\\\/wp-content\\\/uploads\\\/2024\\\/08\\\/Bitcoin-Bulls-Struggle.jpg?resize=200%2C200\",\"image\":{\"@type\":\"ImageObject\",\"url\":\"https:\\\/\\\/uniquehot.com\\\/wp-content\\\/uploads\\\/2024\\\/08\\\/Bitcoin-Bulls-Struggle.jpg?fit=1792%2C1024\"},\"articleSection\":\"BTC\",\"author\":[{\"@type\":\"Person\",\"name\":\"Aayush Jindal\"}],\"creator\":[\"Aayush Jindal\"],\"publisher\":{\"@type\":\"Organization\",\"name\":\"NewsBTC\",\"logo\":\"https:\\\/\\\/uniquehot.com\\\/wp-content\\\/uploads\\\/2020\\\/06\\\/cropped-cropped-cropped-favicon.png?w=32\"},\"keywords\":[\"bitcoin\",\"bitcoin price\",\"btcusd\",\"btcusdt\",\"xbtusd\"],\"dateCreated\":\"2025-08-29T02:48:44Z\",\"datePublished\":\"2025-08-29T02:48:44Z\",\"dateModified\":\"2025-08-29T02:48:44Z\"}<\/script>","tracker_url":"https:\/\/cdn.parsely.com\/keys\/uniquehot.com\/p.js"},"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"https:\/\/uniquehot.com\/wp-content\/uploads\/2024\/08\/Bitcoin-Bulls-Struggle.jpg?fit=1792%2C1024","amp_enabled":true,"_links":{"self":[{"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/posts\/638451"}],"collection":[{"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/users\/67"}],"replies":[{"embeddable":true,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/comments?post=638451"}],"version-history":[{"count":0,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/posts\/638451\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/media\/638453"}],"wp:attachment":[{"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/media?parent=638451"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/categories?post=638451"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/tags?post=638451"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}