• 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. 

Bitcoin stuttering

Additional levels

BTC/USD

Overview
Today last price 9685.35
Today Daily Change -40.48
Today Daily Change % -0.42
Today daily open 9725.83
 
Trends
Daily SMA20 9194.54
Daily SMA50 7919.9
Daily SMA100 7995.38
Daily SMA200 8052.92
 
Levels
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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