- BTC/USD struggles to keep bounce off two-week-old support line.
- Bearish MACD probes Bitcoin buyers below 50-bar SMA.
- 200-bar SMA, upbeat RSI conditions restrict major downside.
BTC/USD fades the latest recoveries while easing to 34,800 during early Tuesday. In doing so, the crypto major battles with bearish MACD below 50-bar SMA.
Although pullback to an ascending trend line from December 29, at 30,320 now, seems imminent, any further weakness will be challenged by strong RSI conditions and a 200-bar SMA level of 27,006.
It should, however, be noted that a sustained downside past-27,000 will make BTC/USD vulnerable to revisit the December 20 top surrounding 24,300.
Meanwhile, an upside clearance of 50-bar SMA, at 36,326 now, will attack the 40,000 psychological magnet while also likely to take a break near Friday’s low of 38,733.
During the quote’s upside past-40,000 the recent record high near 42,000 and the 50,000 threshold will be in focus.
To sum up, BTC/USD is in an uptrend but short-term pullbacks can’t be ruled out.
BTC/USD four-hour chart
Additional important levels
|Today last price||34977.78|
|Today Daily Change||-475.03|
|Today Daily Change %||-1.34%|
|Today daily open||35452.81|
|Previous Daily High||38269.43|
|Previous Daily Low||30209.97|
|Previous Weekly High||41987.21|
|Previous Weekly Low||27772|
|Previous Monthly High||29307.4|
|Previous Monthly Low||17578.63|
|Daily Fibonacci 38.2%||33288.68|
|Daily Fibonacci 61.8%||35190.71|
|Daily Pivot Point S1||31018.71|
|Daily Pivot Point S2||26584.61|
|Daily Pivot Point S3||22959.25|
|Daily Pivot Point R1||39078.17|
|Daily Pivot Point R2||42703.52|
|Daily Pivot Point R3||47137.62|
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