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Bitcoin Price Analysis: BTC/USD consolidates and the next move could be important

  • Bitcoin trades 0.45% higher as crypto sentiment remains high.
  • Now the price is holding between 10,522.51 and 10,083.10.
Bitcoin Price Analysis: BTC/USD consolidates and the next move could be important
Rajan Dhall, MSTARajan Dhall, MSTAFX Daily

BTC/USD 60-Minute Chart

As you can see from the 60-minute chart below the price has moved into a clean channel.

Now the BTC/USD pair is at a pivotal point stuck between 10,522.51 and 10,083.10.

There has been some support at 10,100 but if that support is broken it will make a lower high lower low.

That could indicate a change in the short term trend to the downside.

A sustained move above 10,500 is what the bulls are looking for and the majority of the volume peaks are still supporting the buy-side.

Bitcoin Analysis

Additional Levels

BTC/USD

Overview
Today last price10271.45
Today Daily Change35.08
Today Daily Change %0.34
Today daily open10236.37
 
Trends
Daily SMA209521.55
Daily SMA508600.87
Daily SMA1008156.62
Daily SMA2008876.9
 
Levels
Previous Daily High10511.86
Previous Daily Low10080.13
Previous Weekly High9875.44
Previous Weekly Low9078.29
Previous Monthly High9568.13
Previous Monthly Low6856.63
Daily Fibonacci 38.2%10245.05
Daily Fibonacci 61.8%10346.94
Daily Pivot Point S110040.38
Daily Pivot Point S29844.38
Daily Pivot Point S39608.64
Daily Pivot Point R110472.11
Daily Pivot Point R210707.86
Daily Pivot Point R310903.85

Author

Rajan Dhall, MSTA

Rajan Dhall is an experienced market analyst, who has been trading professionally since 2007 managing various funds producing exceptional returns.

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