TRENDING:
Oil price
XAU/USD
EUR/USD
GBP/USD
Silver
Sponsored by
Login
|

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.
Bitcoin Price Analysis: BTC/USD bulls take charge after charting the golden cross pattern
Rajarshi MitraRajarshi MitraIndependent Analyst

BTC/USD daily chart

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 price9203.77
Today Daily Change144.31
Today Daily Change %1.59
Today daily open9059.46
 
Trends
Daily SMA209300.02
Daily SMA508097.18
Daily SMA1007976.05
Daily SMA2008055.96
 
Levels
Previous Daily High9567.69
Previous Daily Low8800.12
Previous Weekly High9944.79
Previous Weekly Low8105.58
Previous Monthly High9476.83
Previous Monthly Low6156.67
Daily Fibonacci 38.2%9093.33
Daily Fibonacci 61.8%9274.48
Daily Pivot Point S18717.15
Daily Pivot Point S28374.85
Daily Pivot Point S37949.58
Daily Pivot Point R19484.73
Daily Pivot Point R29909.99
Daily Pivot Point R310252.3


 

Author

Rajarshi Mitra

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.

More from Rajarshi Mitra
Share:

Editor's Picks

Crypto liquidations near $2 billion as US Treasury debt buyback sparks short squeeze

Crypto liquidations near $2 billion as US Treasury debt buyback sparks short squeeze

The cryptocurrency market has seen nearly $2 billion in liquidations over the past 24 hours, its largest since February 5. Short liquidations accounted for $1.75 billion, their largest since the October 10 leverage flush, and represented the first major short squeeze in a long while.
Crypto Overview: Bitcoin eyes $70,000 on US Treasury bond buybacks – ETH, HYPE, TRUMP lead gains

Crypto Overview: Bitcoin eyes $70,000 on US Treasury bond buybacks – ETH, HYPE, TRUMP lead gains

The broader cryptocurrency market is regaining strength, pointing toward a renewed bull run. The US Treasury Department announced on Wednesday that it will buy back more of its longer-term bonds, in an effort to curb a sharp increase in borrowing costs.
Ripple and Stellar outlook: Extend gains as expanded US Treasury buybacks trigger crypto short squeeze

Ripple and Stellar outlook: Extend gains as expanded US Treasury buybacks trigger crypto short squeeze

XRP and Stellar extend their rallies on Thursday as improving liquidity conditions fuel a broader surge across the cryptocurrency market. XRP trades above $1.08, while XLM approaches the key $0.177 resistance level following surges of more than 10% and 9%, respectively, the previous day.

Bitcoin slips toward key 50-day EMA ahead of FOMC Minutes

Bitcoin slips toward key 50-day EMA ahead of FOMC Minutes

Bitcoin (BTC) edges lower toward the 50-day Exponential Moving Average (EMA) around $64,370 at the time of writing on Wednesday after posting a 2.9% gain over the previous two days.

Bitcoin: Hormuz uncertainty clouds BTC outlook

Bitcoin: Hormuz uncertainty clouds BTC outlook

Bitcoin (BTC) trades around $62,900 at the time of writing on Friday, down over 3% so far this week amid cautious institutional demand and persistent geopolitical uncertainty. While BTC shows signs of stabilization, elevated Oil prices and tensions in the Strait of Hormuz continue to weigh on risk sentiment, keeping the Crypto King’s near-term outlook under pressure.