- BTC/USD holds lower ground near three-day low, keeps corrective moves from record top.
- Overbought RSI, doji on the record top keeps short-term sellers hopeful.
- Two-month-old support line adds to the downside filters.
BTC/USD takes rounds to $45,000 during the early Thursday’s trading. In doing so, the cryptocurrency major keeps consolidation of gains from the record top, marked on Monday, while teasing short-term bears.
Not only the bitcoin’s all-time high but overbought RSI and Tuesday’s Doji at the top also favor the risky sellers’ entry.
However, January’s top near $41,990 will be a test for the bears before they aim for an ascending trend line from December 11, 2020, currently around $32,900.
If at all the BTC/USD prices drop below $32,900, the yearly bottom surrounding $27,770 will be the key to watch.
Alternatively, $47,000 guards the cryptocurrency pair’s immediate upside ahead of directing the BTC/USD bulls to attack the latest all-time high of $48,200.
During the quote’s successful run-up beyond $48,200, the $50,000 psychological magnet will be in the spotlight.
BTC/USD daily chart
Trend: Pullback expected
Additional important levels
|Today last price||44826.32|
|Today Daily Change||-24.33|
|Today Daily Change %||-0.05%|
|Today daily open||44850.65|
|Previous Daily High||47349.41|
|Previous Daily Low||43726.47|
|Previous Weekly High||38758.32|
|Previous Weekly Low||32206.92|
|Previous Monthly High||41987.21|
|Previous Monthly Low||27772|
|Daily Fibonacci 38.2%||45110.43|
|Daily Fibonacci 61.8%||45965.45|
|Daily Pivot Point S1||43268.27|
|Daily Pivot Point S2||41685.9|
|Daily Pivot Point S3||39645.33|
|Daily Pivot Point R1||46891.22|
|Daily Pivot Point R2||48931.78|
|Daily Pivot Point R3||50514.16|
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