- The most recent daily candles have both been "doji's" which is a sign of indecision.
- Since the halving event, there has been a distinct lack of momentum.
BTC/USD daily chart
Bitcoin is once again stalling near the 10K level. Both Monday's and Tuesday's candlesticks have been pretty indecisive (doji candles), which shows that the market is lacking any clear direction at these levels.
All we can do for now is look for breakout levels that could give us more clues on the future path of the digital gold. If the 10K level does break then there is a decent resistance zone very close by. 10522.51 has been used on three occasions on this chart alone to good effect could the next break be the real one?.
On the downside, 9139.00 is the current consolidation support low. If this breaks to the downside then the next major support level is the black horizontal line at 8114.50 is the target.
|Today last price||9685.35|
|Today Daily Change||-40.48|
|Today Daily Change %||-0.42|
|Today daily open||9725.83|
|Previous Daily High||9957.53|
|Previous Daily Low||9442.04|
|Previous Weekly High||9944.79|
|Previous Weekly Low||8105.58|
|Previous Monthly High||9476.83|
|Previous Monthly Low||6156.67|
|Daily Fibonacci 38.2%||9760.62|
|Daily Fibonacci 61.8%||9638.96|
|Daily Pivot Point S1||9459.4|
|Daily Pivot Point S2||9192.97|
|Daily Pivot Point S3||8943.91|
|Daily Pivot Point R1||9974.9|
|Daily Pivot Point R2||10223.96|
|Daily Pivot Point R3||10490.39|
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