Bitcoin technical analysis: BTC/USD $11,000 barrier must be broken or sellers will likely punish again

  • Bitcoin price on Friday is trading in the green, up some 3.10%. 
  • BTC/USD will need to break down a big barrier seen at $11,000 in order to achieve a greater upside. 
  • A decent wave of buying came into play as the price broke out of the recent range, which was capped at $10,200 to the upside.


Spot rate:                 10,400.15

Relative change:      +3.10%

High:                         10,433,57    

Low:                          10,043.89    


Today last price 10430.32
Today Daily Change 318.60
Today Daily Change % 3.15
Today daily open 10111.72
Daily SMA20 10953.51
Daily SMA50 10738.02
Daily SMA100 9895.49
Daily SMA200 7202.23
Previous Daily High 10234.99
Previous Daily Low 9757.33
Previous Weekly High 11583.86
Previous Weekly Low 9469.79
Previous Monthly High 13195.19
Previous Monthly Low 9080.79
Daily Fibonacci 38.2% 9939.8
Daily Fibonacci 61.8% 10052.52
Daily Pivot Point S1 9834.37
Daily Pivot Point S2 9557.02
Daily Pivot Point S3 9356.71
Daily Pivot Point R1 10312.03
Daily Pivot Point R2 10512.34
Daily Pivot Point R3 10789.69


BTC/USD daily chart

  • Price action is being supported to the upside by an ascending trend line. Big barrier eyed at the $11,000 mark.

BTC/USD 60-minute chart

  • The bulls saw a breakout from recent range which was capped at $10,200.

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