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Bitcoin technical analysis: BTC/USD bears heading for move towards psychological $10,000 territory

  • Bitcoin price in the second half of Tuesday is trading in the red, down some 1.35%. 
  • BTC/USD price action remains weighted to the downside, following the rejection within supply around $12,000 region. 
  • Price action via the daily chart view is constructing a potential inverse head and shoulders pattern.

 

Spot rate:                 11,202.10

Relative change:      -2.30%

High:                        11,439.75

Low:                         11,200.23

BTC/USD

Overview
Today last price 11206.33
Today Daily Change -180.35
Today Daily Change % -1.58
Today daily open 11386.68
 
Trends
Daily SMA20 10684.78
Daily SMA50 10960.89
Daily SMA100 9489.18
Daily SMA200 6856.65
Levels
Previous Daily High 11551.22
Previous Daily Low 11222.3
Previous Weekly High 12325.08
Previous Weekly Low 10564.42
Previous Monthly High 13195.19
Previous Monthly Low 9080.79
Daily Fibonacci 38.2% 11347.95
Daily Fibonacci 61.8% 11425.57
Daily Pivot Point S1 11222.25
Daily Pivot Point S2 11057.82
Daily Pivot Point S3 10893.33
Daily Pivot Point R1 11551.17
Daily Pivot Point R2 11715.65
Daily Pivot Point R3 11880.09

 

BTC/USD daily chart

  • Price action via the daily is forming an inverse head and shoulders structure. 

BTC/USD 60-minute chart

  •  The price via 60-minute chart view has extended to the do

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