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Bitcoin Price Forecast: BTC/USD consolidates above the $9,500–level

  • BTC/USD bears stepped in after two huge bullish days.
  • The MACD shows decreasing market momentum.
Bitcoin Price Forecast: BTC/USD consolidates above the $9,500–level
Rajarshi MitraRajarshi MitraIndependent Analyst

BTC/USD daily chart

BTC/USD daily chart

BTC/USD bears took control in the early hours of Friday as the price dropped from $9,578.70 to $9,513. The price broke above the triangle formation this Thursday and found support on the SMA 20 curve. The MACD shows decreasing market momentum, while William’s%R has jumped up from the edge of the oversold zone to the edge of the overbought zone.

Support and Resistance

BTC/USD faces twp resistance levels at $9,621.12 and $9,780.65. On the downside, healthy support levels lie at $9,313.45, SMA 20 and $8,823.45

Key levels

BTC/USD

Overview
Today last price9513.26
Today Daily Change-65.51
Today Daily Change %-0.68
Today daily open9578.77
 
Trends
Daily SMA209241.18
Daily SMA508386.9
Daily SMA1007905.34
Daily SMA2008053.74
 
Levels
Previous Daily High9614.06
Previous Daily Low9110.05
Previous Weekly High9957.53
Previous Weekly Low8800.12
Previous Monthly High9476.83
Previous Monthly Low6156.67
Daily Fibonacci 38.2%9421.53
Daily Fibonacci 61.8%9302.58
Daily Pivot Point S19254.53
Daily Pivot Point S28930.29
Daily Pivot Point S38750.53
Daily Pivot Point R19758.54
Daily Pivot Point R29938.3
Daily Pivot Point R310262.54


 

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
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