• Bitcoin has risen after Monday's halving event but not as much as touted by some analysts.
  • There have been some buyers ahead of the 8K level on the downside.

BTC/USD daily chart

Bitcoin has pushed over 3.5% higher on Tuesday after Monday's halving event. The price had been anticipated to shoot higher by some analysts. Although there was no rocketing price the move higher in today's session has not been too shabby. 

On a technical note, the price found some support just ahead of the 8K level and before the two key 55 exponential and 200 simple moving averages. The bulls will now be looking to see if the 10K resistance can be taken out. The two aforementioned moving averages might also cross over in a bullish fashion. 

The volume has also risen but interestingly it picked up during the sell-off. The relative strength index is also still looking bullish above the 50 mid-point. There is also space for a move back into the overbought zone as the signal line has moved south. 

Bitcoin pushes up after halving

Additional levels

BTC/USD

Overview
Today last price 8866.24
Today Daily Change 294.32
Today Daily Change % 3.43
Today daily open 8571.92
 
Trends
Daily SMA20 8540.23
Daily SMA50 7503.62
Daily SMA100 8003.5
Daily SMA200 8020.9
 
Levels
Previous Daily High 9176.84
Previous Daily Low 8187.24
Previous Weekly High 10074.48
Previous Weekly Low 8535.49 
Previous Monthly High 9476.83
Previous Monthly Low 6156.67
Daily Fibonacci 38.2% 8565.27
Daily Fibonacci 61.8% 8798.81
Daily Pivot Point S1 8113.82
Daily Pivot Point S2 7655.73
Daily Pivot Point S3 7124.23
Daily Pivot Point R1 9103.42
Daily Pivot Point R2 9634.93
Daily Pivot Point R3 10093.02

 

 

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