- Bitcoin gained traction and posted modest daily gains on Saturday.
- BTC/USD preserves near-term neutral outlook with daily RSI staying near 50.
Bitcoin (BTC/USD) stayed relatively quiet near $9,500 for the majority of the day on Saturday but pushed higher toward the end of the American session to close 2.9% higher at $9,700. Nevertheless, the pair failed to build on those gains and was last seen losing 2% on the day at $9,500. For the week, Bitcoin is up around 9%.
Despite Saturday's advance, the daily Relative Strength Index (RSI) for Bitcoin continues to move sideways near 50, suggesting that the near-term outlook remains neutral.
Resistances align at $9,700 (Saturday's daily closing level), $9,8000 (static level) and $10,000-$10,050 area (psychological level/May 7 high). Supports could be seen at $,9300 (20-day SMA), $9,000 (psychological level) and $8,650 (Fibonacci 23.6% retracement of March 13 - May 17 uptrend).
BTC/USD daily chart
Additional technical levels
|Today last price||9537.24|
|Today Daily Change||-164.06|
|Today Daily Change %||-1.69|
|Today daily open||9701.3|
|Previous Daily High||9751.96|
|Previous Daily Low||9329.4|
|Previous Weekly High||9614.06|
|Previous Weekly Low||8637.26|
|Previous Monthly High||9476.83|
|Previous Monthly Low||6156.67|
|Daily Fibonacci 38.2%||9590.54|
|Daily Fibonacci 61.8%||9490.82|
|Daily Pivot Point S1||9436.48|
|Daily Pivot Point S2||9171.65|
|Daily Pivot Point S3||9013.91|
|Daily Pivot Point R1||9859.04|
|Daily Pivot Point R2||10016.79|
|Daily Pivot Point R3||10281.61|
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