Bitcoin Technical Analysis: BTC/USD almost slipping below $9,000 as selling pressure keeps mounting

BTC/USD touched $9,028 but was able to bounce back to $9,134.
Bears are slowly taking over while bulls are trying to defend the crucial $9,000 support level.

Lorenzo Stroe Independent Analyst

The daily uptrend of Bitcoin was lost after $9,160 was broken on June 25. Bears are seeing continuation and targeting $9,000 next. The 12-EMA and the 26-EMA have crossed bearishly for the first time since February 26.

BTC/USD 4-hour chart

The 4-hour chart, although in a downtrend, could easily shift in favor of the bulls. The last low is established at $8,988 and buyers have defended $9,028 setting a higher low which could turn into a 4-hour uptrend if they can climb above $9,337.

Before that, bulls need to crack the 12-EMA at $9,231 and the 26-EMA at $9,309. After that point, there isn’t really a lot of resistance towards $9,750.

BTC/USD technical levels

BTC/USD

Overview
Today last price	9158.25
Today Daily Change	-81.76
Today Daily Change %	-0.88
Today daily open	9240.01

Trends
Daily SMA20	9499.22
Daily SMA50	9439.89
Daily SMA100	8303.47
Daily SMA200	8299.68

Levels
Previous Daily High	9337.17
Previous Daily Low	8988.56
Previous Weekly High	9589.87
Previous Weekly Low	8899.05
Previous Monthly High	10074.48
Previous Monthly Low	8105.58
Daily Fibonacci 38.2%	9121.73
Daily Fibonacci 61.8%	9204
Daily Pivot Point S1	9039.99
Daily Pivot Point S2	8839.97
Daily Pivot Point S3	8691.39
Daily Pivot Point R1	9388.6
Daily Pivot Point R2	9537.19
Daily Pivot Point R3	9737.21

Author

Lorenzo Stroe

Independent Analyst

Lorenzo is an experienced Technical Analyst and Content Writer who has been working in the cryptocurrency industry since 2012. He also has a passion for trading.

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