Bitcoin Price Analysis: BTC/USD bears are in the driving seat

  • Bitcoin price is trading in minor positive territory, up 0.30% in the second half of the session. 
  • BTC/USD bears are in full force driving the price towards its third consecutive session in the red.
  • Following eight sessions of consolidation, the bears are taking back control. 

BTC/USD daily chart

The breached $8500 support will now likely act as a touch barrier of resistance. 

BTC/USD 60-minute chart

Price action broke out to the downside of a bearish pennant, the bulls are making a push back above, with a retest of $8500 eyed. 


Spot rate:                8414.00

Relative change:     +0.30%

High:                        8430.19

Low:                         8217.48


Today last price 8401.92
Today Daily Change 16.96
Today Daily Change % 0.20
Today daily open 8384.96
Daily SMA20 8311.06
Daily SMA50 7661.23
Daily SMA100 7959.29
Daily SMA200 9021.22
Previous Daily High 8663.76
Previous Daily Low 8279.28
Previous Weekly High 9010.95
Previous Weekly Low 7959.53
Previous Monthly High 7770.78
Previous Monthly Low 6432.05
Daily Fibonacci 38.2% 8426.15
Daily Fibonacci 61.8% 8516.89
Daily Pivot Point S1 8221.57
Daily Pivot Point S2 8058.18
Daily Pivot Point S3 7837.09
Daily Pivot Point R1 8606.05
Daily Pivot Point R2 8827.15
Daily Pivot Point R3 8990.53



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