- Bitcoin price is trading in minor positive, up some 0.10% in the second half of the session.
- BTC/USD continues to consolidate underneath $9000 barrier and on top of critical support $8500.
- The price range is narrowing which is likely to lead to an explosive breakout.
BTC/USD daily chart
Consolidation via the daily continues to be observed, narrowing following the strong push higher last week. A barrier can be seen at the $9000 price mark, preventing further upside for now.
BTC/USD 60-minute chart
Price action is moving within a bearish pennant structure, a breakout could be punishing.
Spot rate: 8636.76
Relative change: +0.10%
|Today last price||8634.43|
|Today Daily Change||6.43|
|Today Daily Change %||0.07|
|Today daily open||8628|
|Previous Daily High||8734.79|
|Previous Daily Low||8507.45|
|Previous Weekly High||9010.95|
|Previous Weekly Low||7959.53|
|Previous Monthly High||7770.78|
|Previous Monthly Low||6432.05|
|Daily Fibonacci 38.2%||8594.3|
|Daily Fibonacci 61.8%||8647.95|
|Daily Pivot Point S1||8512.04|
|Daily Pivot Point S2||8396.08|
|Daily Pivot Point S3||8284.7|
|Daily Pivot Point R1||8739.38|
|Daily Pivot Point R2||8850.76|
|Daily Pivot Point R3||8966.72|
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