- BTC/USD remains on the bids for the third consecutive day as it refreshes the record top.
- Bulls cheer sustained trading above 10-day SMA, three-week-old rising channel.
BTC/USD buyers are unstoppable as they poke 37,300 during early Thursday. The crypto leader has been on the north-run since mid-December and gained further acceptance after recently crossing the resistance line of a short-term ascending trend channel.
Other than the successful trading above the stated channel and 10-day SMA, bullish MACD also favors BTC/USD upside.
That said, the quote is for the 37,500 and the 38,000 round-figures as immediate targets ahead of challenging the 40,000 psychological magnet.
However, the bulls are likely to be probed as RSI conditions are overbought, which in turn requires a cautious favor to the further buying.
On the contrary, a downside break of the stated channel’s upper line, at 33,285 now, can recall short-term BTC/USD sellers.
Though, a clear downside break of 10-day SMA and the channel support, respectively around 32,000 and 29,060, will be needed to open doors for the bears.
BTC/USD daily chart
Additional important levels
|Today last price||37260.2|
|Today Daily Change||396.84|
|Today Daily Change %||1.08%|
|Today daily open||36863.36|
|Previous Daily High||37009.6|
|Previous Daily Low||33356.65|
|Previous Weekly High||29683.91|
|Previous Weekly Low||25771.59|
|Previous Monthly High||29307.4|
|Previous Monthly Low||17578.63|
|Daily Fibonacci 38.2%||35614.17|
|Daily Fibonacci 61.8%||34752.08|
|Daily Pivot Point S1||34476.81|
|Daily Pivot Point S2||32090.26|
|Daily Pivot Point S3||30823.86|
|Daily Pivot Point R1||38129.76|
|Daily Pivot Point R2||39396.15|
|Daily Pivot Point R3||41782.7|
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