Bitcoin Price Analysis: BTC/USD bulls take charge after charting the golden cross pattern

BTC/USD dropped below the SMA 20 following Friday’s price action.
The MACD shows increasing bearish momentum.

Rajarshi Mitra Independent Analyst

BTC/USD daily chart

BTC/USD bulls took charge as the price moved up from $9,060.80 to $9,178.70 this Friday. This price action happened after the SMA 50 crossed above the SMA 200 to chart the highly bullish golden cross pattern. The MACD shows increasing bearish momentum.

The bulls need to overcome resistance at the SMA 20, $9,332.15 and $9,621.35. On the downside, healthy support lies at $8,935 and $8,629.55,

Key levels

BTC/USD

Overview
Today last price	9203.77
Today Daily Change	144.31
Today Daily Change %	1.59
Today daily open	9059.46

Trends
Daily SMA20	9300.02
Daily SMA50	8097.18
Daily SMA100	7976.05
Daily SMA200	8055.96

Levels
Previous Daily High	9567.69
Previous Daily Low	8800.12
Previous Weekly High	9944.79
Previous Weekly Low	8105.58
Previous Monthly High	9476.83
Previous Monthly Low	6156.67
Daily Fibonacci 38.2%	9093.33
Daily Fibonacci 61.8%	9274.48
Daily Pivot Point S1	8717.15
Daily Pivot Point S2	8374.85
Daily Pivot Point S3	7949.58
Daily Pivot Point R1	9484.73
Daily Pivot Point R2	9909.99
Daily Pivot Point R3	10252.3

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 take charge after charting the golden cross pattern