Bitcoin Price Analysis: BTC/USD has had a wild ride

Bitcoin stalls at the major 10,500 resistance level.
The digital gold had some wild swings on Thursday and trades 1.89% lower.

Rajan Dhall, MSTA FX Daily

BTC/USD 1-Hour Chart

The 10,500 level was a major hurdle on the higher timeframes and it seems that Bitcoin could now break the level.

Now support has been seen at 10,100 but it seems selling momentum might take it through.

There is also a trendline on the chart that should be taken note of.

This is not to say that 10,500 will not get broken the daily chart is still in a clear uptrend.

The market might continue to make higher highs and higher lows. 9,082.50 is a support level on the daily chart.

Additional Levels

BTC/USD

Overview
Today last price	10162.51
Today Daily Change	-188.90
Today Daily Change %	-1.82
Today daily open	10351.41

Trends
Daily SMA20	9431.01
Daily SMA50	8540
Daily SMA100	8146.32
Daily SMA200	8875.14

Levels
Previous Daily High	10485.9
Previous Daily Low	10249.71
Previous Weekly High	9875.44
Previous Weekly Low	9078.29
Previous Monthly High	9568.13
Previous Monthly Low	6856.63
Daily Fibonacci 38.2%	10395.67
Daily Fibonacci 61.8%	10339.93
Daily Pivot Point S1	10238.78
Daily Pivot Point S2	10126.15
Daily Pivot Point S3	10002.59
Daily Pivot Point R1	10474.97
Daily Pivot Point R2	10598.53
Daily Pivot Point R3	10711.16

Author

Rajan Dhall, MSTA

FX Daily

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

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