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

BTCUSD

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 price9425.19
Today Daily Change-32.10
Today Daily Change %-0.34
Today daily open9457.29
 
Trends
Daily SMA209610.08
Daily SMA509360.93
Daily SMA1008023.51
Daily SMA2008219.72
 
Levels
Previous Daily High9559.97
Previous Daily Low9231.26
Previous Weekly High10007.88
Previous Weekly Low9072.17
Previous Monthly High10074.48
Previous Monthly Low8105.58
Daily Fibonacci 38.2%9356.83
Daily Fibonacci 61.8%9434.41
Daily Pivot Point S19272.38
Daily Pivot Point S29087.47
Daily Pivot Point S38943.67
Daily Pivot Point R19601.09
Daily Pivot Point R29744.89
Daily Pivot Point R39929.8

Author

Lorenzo Stroe

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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