Bitcoin technical analysis: BTC/USD $10,000 vulnerable to bear attack again

  • Bitcoin price in the session on Wednesday is trading with minor losses of some 0.30%.
  • BTC/USD is running at six consecutive sessions in the red, after a failed attempt to break out from the triangular structure. 
  • The big pychological $10,000 mark is vulnerable to downside, given current pressure from the bears. 


Spot rate:                  10,161.53

Relative change:      -0.93%

High:                         10.269.74

Low:                          10,163.64


Today last price 10160.4
Today Daily Change -28.90
Today Daily Change % -0.28
Today daily open 10189.3
Daily SMA20 10214.25
Daily SMA50 10498.34
Daily SMA100 10440.49
Daily SMA200 8052.77
Previous Daily High 10276.86
Previous Daily Low 10136.64
Previous Weekly High 10645.79
Previous Weekly Low 9733.11
Previous Monthly High 12325.08
Previous Monthly Low 9321.06
Daily Fibonacci 38.2% 10190.21
Daily Fibonacci 61.8% 10223.3
Daily Pivot Point S1 10125
Daily Pivot Point S2 10060.71
Daily Pivot Point S3 9984.79
Daily Pivot Point R1 10265.22
Daily Pivot Point R2 10341.15
Daily Pivot Point R3 10405.44


BTC/USD daily chart

  • BTC/USD price remains on the back foot as the market bears maintain control, as the price falls for six consecutive sessions. 

BTC/USD 60-minute chart

  • Price action is testing a key near-term ascending trend line of support ahead of a $10,000 retest. 

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