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.

Rajarshi Mitra Independent Analyst

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 price	9513.26
Today Daily Change	-65.51
Today Daily Change %	-0.68
Today daily open	9578.77

Trends
Daily SMA20	9241.18
Daily SMA50	8386.9
Daily SMA100	7905.34
Daily SMA200	8053.74

Levels
Previous Daily High	9614.06
Previous Daily Low	9110.05
Previous Weekly High	9957.53
Previous Weekly Low	8800.12
Previous Monthly High	9476.83
Previous Monthly Low	6156.67
Daily Fibonacci 38.2%	9421.53
Daily Fibonacci 61.8%	9302.58
Daily Pivot Point S1	9254.53
Daily Pivot Point S2	8930.29
Daily Pivot Point S3	8750.53
Daily Pivot Point R1	9758.54
Daily Pivot Point R2	9938.3
Daily Pivot Point R3	10262.54

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.

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