Bitcoin Price Forecast: BTC/USD bulls stay in control for the second straight day as price makes a charge towards $9,250

BTC/USD buyers have remained in control for the second straight day.
The Elliott Oscillator has had two consecutive green sessions.

Rajarshi Mitra Independent Analyst

BTC/USD daily chart

BTC/USD bulls have remained in charge for the second straight day as the price went up from $9,237 to $9,245 in the early hours of Thursday. The Elliott Oscillator has had two consecutive green sessions, which shows that the current market sentiment is bullish. Finally, the RSI has been trending around the neutral zone, meaning that the price has more upside potential.

Support and Resistance

BTC/USD bulls will need to conquer resistance at $9,295.65, $9,335.30 (SMA 20), $9,431.75 (SMA 50) and $9,475.25. On the downside, good support levels lie at $9,135 and $9,006.80 (lower curve of the 20-day Bollinger Band).

Key levels

BTC/USD

Overview
Today last price	9240.21
Today Daily Change	2.89
Today Daily Change %	0.03
Today daily open	9237.32

Trends
Daily SMA20	9333.61
Daily SMA50	9427.07
Daily SMA100	8488.63
Daily SMA200	8357.52

Levels
Previous Daily High	9298.41
Previous Daily Low	9090.13
Previous Weekly High	9786.22
Previous Weekly Low	8988.56
Previous Monthly High	10404.88
Previous Monthly Low	8823.34
Daily Fibonacci 38.2%	9218.85
Daily Fibonacci 61.8%	9169.69
Daily Pivot Point S1	9118.83
Daily Pivot Point S2	9000.34
Daily Pivot Point S3	8910.56
Daily Pivot Point R1	9327.11
Daily Pivot Point R2	9416.89
Daily Pivot Point R3	9535.38

Author

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.