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Bitcoin Chart Analysis: BTC/USD remains stagnant between $9,400 and $9,500

Bitcoin hasn’t seen a lot of action as the entire market is flat.
Bulls managed to hold the daily 26-EMA but it could be broken on June 18.

Lorenzo Stroe Independent Analyst

Another decent bullish reversal candlestick was formed on June 17. Unfortunately, Bitcoin hasn’t seen any notable continuation after two of them. Bulls need to hold the daily 26-EMA and encounter a resistance level at the 12-EMA at $9,499.

BTC/USD daily chart

The daily chart remains in a downtrend. However, the bears haven’t seen a lot of action either. The RSI is almost oversold and could help the bulls in the short term. The MACD is still bearish but any decent move to the upside can change the indicator quickly.

There is a lot of support at the $9,231, the low on June 17 and $8,899, the daily low. Buyers can find more support at $8,637 and $8,105, the low of May 10. Besides the daily EMAs, bulls are facing a tough resistance level at $10,000.

BTC/USD technical levels

BTC/USD

Overview
Today last price	9425.19
Today Daily Change	-32.10
Today Daily Change %	-0.34
Today daily open	9457.29

Trends
Daily SMA20	9610.08
Daily SMA50	9360.93
Daily SMA100	8023.51
Daily SMA200	8219.72

Levels
Previous Daily High	9559.97
Previous Daily Low	9231.26
Previous Weekly High	10007.88
Previous Weekly Low	9072.17
Previous Monthly High	10074.48
Previous Monthly Low	8105.58
Daily Fibonacci 38.2%	9356.83
Daily Fibonacci 61.8%	9434.41
Daily Pivot Point S1	9272.38
Daily Pivot Point S2	9087.47
Daily Pivot Point S3	8943.67
Daily Pivot Point R1	9601.09
Daily Pivot Point R2	9744.89
Daily Pivot Point R3	9929.8

Author

Lorenzo Stroe

Independent Analyst

Lorenzo is an experienced Technical Analyst and Content Writer who has been working in the cryptocurrency industry since 2012. He also has a passion for trading.

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BTC/USD daily chart

BTC/USD technical levels

BTC/USD

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