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Bitcoin Technical Analysis: BTC/USD bulls gunning for next major zone $6500-7000

  • Bitcoin price on Friday is outperforming its peers gains of over 2% in the second half of the session.
  • BTC/USD bulls are approaching major barrier running from $6500-7000 range. 
  • Near-term bullish flag formation eyed via the 60-minute subject to a breakout. 

 

Spot rate:                  6269.51

Relative change:      +2.05%

High:                         6335.39

Low:                          6108.38

BTC/USD

Overview
Today last price 6270.82
Today Daily Change 117.66
Today Daily Change % 1.91
Today daily open 6153.16
 
Trends
Daily SMA20 5469.45
Daily SMA50 4996.5
Daily SMA100 4362.2
Daily SMA200 4472.81
Levels
Previous Daily High 6170.86
Previous Daily Low 5935.13
Previous Weekly High 5795.47
Previous Weekly Low 5073.04
Previous Monthly High 5632.53
Previous Monthly Low 4052.2
Daily Fibonacci 38.2% 6080.81
Daily Fibonacci 61.8% 6025.18
Daily Pivot Point S1 6001.91
Daily Pivot Point S2 5850.66
Daily Pivot Point S3 5766.19
Daily Pivot Point R1 6237.64
Daily Pivot Point R2 6322.11
Daily Pivot Point R3 6473.36

 

BTC/USD 60-minute chart

  • BTC/USD moving within a near-term bullish flag structure, as the price consolidates, subject to an imminent breakout.

 

BTC/USD daily chart

  • Bulls are heading for a big test of the $6500-7000 price region, with strong upside momentum. 

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