Bitcoin technical analysis: BTC/USD $10,500 is the big bull target to breakdown

  • Bitcoin price in the session on Friday is trading with minor losses of some 0.90%.
  • BTC/USD price remains largely capped to the upside, narrowing further in its daily range. 
  • The price as mentioned previously continues to move within the confinements of a narrowing triangular structure. 
  • There continues to be lack of commitment for now in terms of trend, as the price further consolidates. 


Spot rate:                  10,309.31

Relative change:      -0.90%

High:                         10,454.53

Low:                          10,287.82



Today last price 10304.42
Today Daily Change -118.14
Today Daily Change % -1.13
Today daily open 10422.56
Daily SMA20 10166.88
Daily SMA50 10433.39
Daily SMA100 10317.58
Daily SMA200 7890.05
Previous Daily High 10465.95
Previous Daily Low 10036.92
Previous Weekly High 10942.68
Previous Weekly Low 9541.38
Previous Monthly High 12325.08
Previous Monthly Low 9321.06
Daily Fibonacci 38.2% 10302.06
Daily Fibonacci 61.8% 10200.81
Daily Pivot Point S1 10151
Daily Pivot Point S2 9879.45
Daily Pivot Point S3 9721.98
Daily Pivot Point R1 10580.03
Daily Pivot Point R2 10737.5
Daily Pivot Point R3 11009.06



BTC/USD daily chart

  • BTC/USD daily price action is limited at present, with the lack of trend commitment. The price has recently edged out of a bullish flag structure, making room for further potential upside. 

BTC/USD 60-minute chart

  • Near-term price action via the 60-minute chart view has made some progress, after breaking out from a descending channel structure.

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