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

 

BTC/USD

Overview
Today last price 10304.42
Today Daily Change -118.14
Today Daily Change % -1.13
Today daily open 10422.56
 
Trends
Daily SMA20 10166.88
Daily SMA50 10433.39
Daily SMA100 10317.58
Daily SMA200 7890.05
Levels
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.

Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.

Cryptos feed

Latest Crypto News & Analysis

Editors’ Picks

Bitcoin and major altcoins extend the decline on Monday

BTC/USD is currently trading at $9,822 (+1.6% on a day-to-day basis). The coin has recovered from the intraday low of $9,714, however, the upside momentum is still slow. 

More Cryptocurrencies News

LTC/USD freefall to $60 seems imminent

Litecoin recently climbed several barriers including $70 and $80. Although the focus was on $100, the high formed at $84 marked the end of the rally. The price has retreated to $72, besides the bulls are fighting to keep LTC above $70. 

More Litecoin News

NEO/USD regains ground above $14.00 as Binance launches NEO/USDT futures

NEO/USD topped at $16.72 on February 14 and hit the recent low of $13.41 on Sunday amid global sell-off on the cryptocurrency market.

More NEO News

XRP/USD erased the gains of the previous rally

Ripple's XRP has been collapsing for three days in a row. The massive sell-off caused by a global correction on the cryptocurrency market wiped out all the gains of the previous week and pushed XRP/USD below $0.2700 on Sunday. 

More Ripple News

BEST CRYPTO BROKERS/EXCHANGES

Bitcoin Weekly Forecast: BTC bulls brace for jump to $11,000

Bitcoin (BTC) has been growing for three weeks in a row. The first cryptocurrency hit $10,504 on Thursday - the highest level of 2020.

Read the weekly forecast

BTC

ETH

XRP