TRENDING:
Oil price
XAU/USD
EUR/USD
GBP/USD
Silver
Sponsored by
Login
|

Bitcoin Price Analysis: BTC/USD runs out of steam as it nears the $9,500 level

  • BTC/USD recovery begin to falter ahead of key resistance level.
  • The Elliott Oscillator has had five straight red sessions.
  • The 20-day Bollinger jaw has narrowed, which indicates decreasing price volatility.
Bitcoin Price Analysis: BTC/USD runs out of steam as it nears the $9,500 level
Rajarshi MitraRajarshi MitraIndependent Analyst

BTC/USD daily chart

BTC/USD daily chart

BTC/USD dropped a bit from $9,320 to $9,303 following a hugely bullish Wednesday. The Elliott Oscillator has had five straight red sessions, while the MACD shows sustained bearish momentum. The 20-day Bollinger jaw has narrowed, which indicates decreasing price volatility.

The price faces two resistance levels on the upside at $9,500 and $9,735. On the downside, there are two healthy support levels at $8,815.35 and $8,214.40.

Key levels

BTC/USD

Overview
Today last price9310.21
Today Daily Change-8.00
Today Daily Change %-0.09
Today daily open9318.21
 
Trends
Daily SMA208715.76
Daily SMA507601.18
Daily SMA1007998.97
Daily SMA2008034.11
 
Levels
Previous Daily High9414.38
Previous Daily Low8806.9
Previous Weekly High10074.48
Previous Weekly Low8535.49
Previous Monthly High9476.83
Previous Monthly Low6156.67
Daily Fibonacci 38.2%9182.32
Daily Fibonacci 61.8%9038.95
Daily Pivot Point S18945.28
Daily Pivot Point S28572.35
Daily Pivot Point S38337.8
Daily Pivot Point R19552.76
Daily Pivot Point R29787.3
Daily Pivot Point R310160.23


 

Author

Rajarshi Mitra

Rajarshi Mitra

Independent Analyst

Rajarshi entered the blockchain space in 2016. He is a blockchain researcher who has worked for Blockgeeks and has done research work for several ICOs. He gets regularly invited to give talks on the blockchain technology and cryptocurrencies.

More from Rajarshi Mitra
Share:

Editor's Picks

Ripple eyes $1.50 breakout despite softening on-chain activity

Ripple eyes $1.50 breakout despite softening on-chain activity

XRP remains elevated near $1.45 after a sharp spike from the weekly low of $1.31. XRP retains a neutral-to-bullish technical outlook, supported by the RSI and uptrending moving averages.

Zcash Price Forecast: Rally hits nine-year high above $1,000 amid growing shielded demand

Zcash Price Forecast: Rally hits nine-year high above $1,000 amid growing shielded demand

Zcash trades above $1,000 on Friday, building on its 16% gain from the previous day. On-chain data show a steady increase in shielded supply to 4.86 million ZEC tokens, pointing to growing demand for privacy.

Crypto’s $638 million buyback boom may not be as bullish as it looks

Crypto’s $638 million buyback boom may not be as bullish as it looks

Decentralized Finance (DeFi) protocols reportedly spent $638 million to buy back their native tokens in August, up 17% from a year earlier. On the surface, the buyback trend suggests the cryptocurrency industry is maturing fast.

Crypto Today: Bitcoin, Ethereum, XRP recovery takes a breather amid capital inflows

Crypto Today: Bitcoin, Ethereum, XRP recovery takes a breather amid capital inflows

Bitcoin corrects lower toward $80,000 after testing highs at $81,269, supported by $731 million in ETF inflows. Ethereum bulls push to regain momentum, with $2,500 providing immediate support.

Bitcoin: Gearing up for a sharp move

Bitcoin: Gearing up for a sharp move

Bitcoin (BTC) is trading around $81,000 on Friday, up over 4% so far this week, and awaits a key catalyst that could determine its next directional move. Strong institutional demand is supporting the bullish price action, with spot BTC Exchange Traded Funds (ETFs) on track to record a third straight week of inflows.