Bitcoin Technical Analysis: BTC/USD another day same range

  • Bitcoin price is trading in minor negative territory, down just some 0.10% on Wednesday.
  • BTC/USD is stuck within a very stubborn range-block formation, as seen via the daily time frame. 

BTC/USD 15-minute chart

  • BTC/USD is generally respecting the confinements of a near-term wedge. 

 

 

Spot rate:                  4095.2

Relative change:      +0.12%

High:                         4168.9

Low:                          4072.7

 

Trend:                        Neutral

 

Support 1:                  3926.66, daily pivot point support.

Support 2:                  3859.59, daily pivot point support.

Support 3:                  3767.57, daily pivot point support.

Resistance 1:             4085.76, daily pivot point resistance.

Resistance 2:             4177.78, daily pivot point resistance.

Resistance 3:             4244.86, daily pivot point resistance.

 

BTC/USD 60-minute chart

  • Price action via the 60-minute view is moving within a horizontal wedge formation. 

BTC/USD 4-hour chart

  • Another day the price remains firmly within the constraints of a range-block formation.

 

 

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