Bitcoin Price Analysis: BTC/USD bulls desperately try to comeback following three bearish days

BTC/USD is currently trending below the SMA 50.
The Elliott Oscillator has had three straight red sessions.
Bears now aim to take the price below the $9,300–level.

Rajarshi Mitra Independent Analyst

BTC/USD daily chart

BTC/USD bulls took back control following three straight bearish days. The price has gone up from $9,303.64 to $9,325.25 in the early hours of Saturday. The downward trending line has repeatedly rejected the price. The Relative Strength Index (RSI) continues to trend around the neutral zone despite bearish dominance. The Elliott Oscillator has had two straight red sessions, following two consecutive green sessions.

Support and Resistance

BTC/USD faces four stiff resistance levels at SMA 50, $9,528.65, SMA 20 and $9,700. There are two healthy support levels on the downside – $9,273.30 and $9,063.45.

Key levels

BTC/USD

Overview
Today last price	9302.35
Today Daily Change	0.00
Today Daily Change %	0.00
Today daily open	9302.35

Trends
Daily SMA20	9587.8
Daily SMA50	9386.17
Daily SMA100	8052.09
Daily SMA200	8239.56

Levels
Previous Daily High	9428.12
Previous Daily Low	9230.66
Previous Weekly High	9589.87
Previous Weekly Low	8899.05
Previous Monthly High	10074.48
Previous Monthly Low	8105.58
Daily Fibonacci 38.2%	9306.09
Daily Fibonacci 61.8%	9352.69
Daily Pivot Point S1	9212.63
Daily Pivot Point S2	9122.92
Daily Pivot Point S3	9015.17
Daily Pivot Point R1	9410.09
Daily Pivot Point R2	9517.84
Daily Pivot Point R3	9607.55

Author

Rajarshi Mitra

Independent Analyst

Rajarshi entered the blockchain space in 2016. He is a blockchain researcher who has worked for Blockgeeks and has done research work for several ICOs. He gets regularly invited to give talks on the blockchain technology and cryptocurrencies.

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Bitcoin Price Analysis: BTC/USD bulls desperately try to comeback following three bearish days