Bitcoin Technical Analysis: BTC/USD $5000 to be or not to be

  • Bitcoin Friday was trading marginally in positive territory, up with gains of just some 0.90%.
  • BTC/USD price continues to flirt with the psychological $5000 mark to the downside. 
  • The major barrier of $5500 is in the way of greater upside for the price. 

Spot rate:                  5078.62

Relative change:      +0.90%

High:                         5102.84

Low:                          4912.39

BTC/USD

Overview
Today last price 5076.81
Today Daily Change 35.44
Today Daily Change % 0.70
Today daily open 5041.37
 
Trends
Daily SMA20 4556.86
Daily SMA50 4152.39
Daily SMA100 3883.9
Daily SMA200 4629.8
Levels
Previous Daily High 5342.4
Previous Daily Low 4969.03
Previous Weekly High 5347.55
Previous Weekly Low 4052.2
Previous Monthly High 4130.71
Previous Monthly Low 3672.34
Daily Fibonacci 38.2% 5111.66
Daily Fibonacci 61.8% 5199.77
Daily Pivot Point S1 4892.8
Daily Pivot Point S2 4744.24
Daily Pivot Point S3 4519.44
Daily Pivot Point R1 5266.17
Daily Pivot Point R2 5490.96
Daily Pivot Point R3 5639.53

 

BTC/USD 60-minute chart

  • Price action moving within a near-term consolidation block formation, which could be viewed as a bearish flag pattern. 

BTC/USD daily chart

  • The big $5000 price mark is preventing a free-fall south currently, a breach could be punishing. 

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