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Bitcoin Price Analysis: Bitcoin moves toward 10K again but this time to the downside

  • Bitcoin trades 4% higher abut has just met some resistance.
  • The price moved higher as the US traders came back to market following Presidents Day on Monday.
Bitcoin Price Analysis: Bitcoin moves toward 10K again but this time to the downside
Rajan Dhall, MSTARajan Dhall, MSTAFX Daily

BTC/USD 1-Hour Chart

Bitcoin trades 4% higher on a good day for cryptos.

Now BTC/USD has met some resistance just ahead of 10,300.00.

There could be some intraday support at 10,100.00 as it has been used in the past.

If that breaks then the next level on the downside is 9,700.00.

The buy-side volume has been good but the selling volume on this last candle is growing at the time of writing.

Bitcoin

Additional Levels

BTC/USD

Overview
Today last price10156.94
Today Daily Change456.97
Today Daily Change %4.71
Today daily open9699.97
 
Trends
Daily SMA209755.69
Daily SMA508816.25
Daily SMA1008188.37
Daily SMA2008884.61
 
Levels
Previous Daily High9966.66
Previous Daily Low9469.94
Previous Weekly High10511.86
Previous Weekly Low9707.96
Previous Monthly High9568.13
Previous Monthly Low6856.63
Daily Fibonacci 38.2%9659.69
Daily Fibonacci 61.8%9776.91
Daily Pivot Point S19457.72
Daily Pivot Point S29215.47
Daily Pivot Point S38961
Daily Pivot Point R19954.44
Daily Pivot Point R210208.91
Daily Pivot Point R310451.16

Author

Rajan Dhall, MSTA

Rajan Dhall is an experienced market analyst, who has been trading professionally since 2007 managing various funds producing exceptional returns.

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