• BTC/USD bounces off one-week low to regain $30,000.
  • MACD, RSI favor sellers targeting 100-DMA, two-week-old resistance line, 21-DMA challenge buyers.

BTC/USD picks up bids around $30,400 during the early Thursday’s trading. In doing so, the crypto major consolidates the previous day’s losses, the biggest in a week, while staying above 50-Day Moving Average (DMA) and an upward sloping trend line from January 04. However, bearish MACD and downward sloping RSI line can challenge the corrective recovery.

As a result, BTC/USD sellers should remain hopeful unless the quote crosses a short-term resistance line and 21-day SMA, respectively around $33,980 and $35,010. Though, the odds of re-witnessing the $32,000 can’t be ruled out.

It should be noted that the quote’s upside past-$35,010 will initially target the $40,000 threshold ahead of probing the recently flashed record top of $41,987.

Alternatively, a downside break of 50-DMA, at $29,670 now, needs a daily closing below the aforementioned support line, currently around $29,150, to direct the BTC/USD bears toward the monthly low near $27,771.

During the quote’s further weakness below the monthly bottom, the 100-DMA level of $22,820 becomes the key to watch.

To sum up, BTC/USD is up for a corrective pullback but bears’ shouldn’t lose hopes.

BTC/USD daily chart

Trend: Pullback expected

Additional important levels

Overview
Today last price 30427.85
Today Daily Change 0.00
Today Daily Change % 0.00%
Today daily open 30427.85
 
Trends
Daily SMA20 35260.11
Daily SMA50 29435.49
Daily SMA100 22819.13
Daily SMA200 16847.7
 
Levels
Previous Daily High 32580.54
Previous Daily Low 29239.87
Previous Weekly High 37860.2
Previous Weekly Low 28768.76
Previous Monthly High 29307.4
Previous Monthly Low 17578.63
Daily Fibonacci 38.2% 30516.01
Daily Fibonacci 61.8% 31304.41
Daily Pivot Point S1 28918.3
Daily Pivot Point S2 27408.75
Daily Pivot Point S3 25577.63
Daily Pivot Point R1 32258.97
Daily Pivot Point R2 34090.09
Daily Pivot Point R3 35599.64

 

 

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