- Bitcoin price is trading marginally in the red, down some 0.20% in the second half of the session.
- BTC/USD continues to move within a narrowing range block formation vulnerable to downside risks.
- Upside remains limited and short-lived, rallied seen are quickly sold by the market bears.
BTC/USD daily chart
Bulls will need to smash out to the upside from the range block in order to change the current downside trend.
BTC/USD 60-minute chart
A heavy near-term barrier of supply can be observed around $8,300 preventing further moves north.
Spot rate: 8,215.20
Relative change: -0.20%
|Today last price||8181.04|
|Today Daily Change||-1.26|
|Today Daily Change %||-0.02|
|Today daily open||8182.3|
|Previous Daily High||8344.2|
|Previous Daily Low||8111.47|
|Previous Weekly High||8532.46|
|Previous Weekly Low||7706.37|
|Previous Monthly High||10942.68|
|Previous Monthly Low||7706.37|
|Daily Fibonacci 38.2%||8200.37|
|Daily Fibonacci 61.8%||8255.3|
|Daily Pivot Point S1||8081.11|
|Daily Pivot Point S2||7979.92|
|Daily Pivot Point S3||7848.37|
|Daily Pivot Point R1||8313.85|
|Daily Pivot Point R2||8445.39|
|Daily Pivot Point R3||8546.58|
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