Bitcoin Price Forecast: BTC/USD next critical breakthrough is eyed at $7500


  • Bitcoin price is trading in positive territory, up 1.05% in the second half of the session. 
  • BTC/USD is being capped for the time being by a barrier at $7500.
  • The price has been consolidating near-term, following the critical $7000 breakthrough. 

 

BTC/USD daily chart

The next major daily barrier should be noted at $7500, a breakdown here can open the door to a fresh wave of buying momentum. 

BTC/USD 60-minute chart

60-minute supply runs from $7400-7500 price range, capping further upside. A near-term ‘m’ structure is observed via the hourly chart view.

 

Spot rate:                 7413.20

Relative change:     +1.05%

High:                        7426.72

Low:                         7154.70

BTC/USD

Overview
Today last price 7271.25
Today Daily Change 69.12
Today Daily Change % 0.96
Today daily open 7202.13
 
Trends
Daily SMA20 6542.91
Daily SMA50 7480.13
Daily SMA100 8148.19
Daily SMA200 8130.06
 
Levels
Previous Daily High 7468.81
Previous Daily Low 7075.82
Previous Weekly High 7254.75
Previous Weekly Low 5854.85
Previous Monthly High 9215.51
Previous Monthly Low 3886.49
Daily Fibonacci 38.2% 7225.94
Daily Fibonacci 61.8% 7318.69
Daily Pivot Point S1 7029.03
Daily Pivot Point S2 6855.93
Daily Pivot Point S3 6636.03
Daily Pivot Point R1 7422.02
Daily Pivot Point R2 7641.91
Daily Pivot Point R3 7815.01

 

 

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