• Bitcoin moves back to flat after a promising start to Thursday.
  • On the 30-Minute, chart the price has just broken a bear flag pattern.

BTC/USD 30-Minute Chart

The day started well for the crypto world but slowly Thursday has turned more and more bearish.

Now on the lower timeframes some resistance has formed and the price broke the 30-Minute bear flag.

The volume histogram at the bottom of the chart shows that there are more sellers backing the move.

The wave low stands at 8,520.00 and if it breaks the bear trend could continue. 

On the topside, the next major resistance is at 9K.

We currently need to see if the bears jump on the back of this move lower. 

Bitcoin Chart

Additional Levels

BTC/USD

Overview
Today last price 8763.19
Today Daily Change -16.59
Today Daily Change % -0.19
Today daily open 8779.78
 
Trends
Daily SMA20 9847.77
Daily SMA50 9216.48
Daily SMA100 8273.92
Daily SMA200 8828.68
 
Levels
Previous Daily High 9366.63
Previous Daily Low 8627.16
Previous Weekly High 10307.33
Previous Weekly Low 9309.77
Previous Monthly High 9568.13
Previous Monthly Low 6856.63
Daily Fibonacci 38.2% 8909.64
Daily Fibonacci 61.8% 9084.15
Daily Pivot Point S1 8482.42
Daily Pivot Point S2 8185.06
Daily Pivot Point S3 7742.96
Daily Pivot Point R1 9221.89
Daily Pivot Point R2 9663.99
Daily Pivot Point R3 9961.35

 

 

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