TRENDING:
Oil price
XAU/USD
EUR/USD
GBP/USD
Silver
Sponsored by
Login
|

Bitcoin technical analysis: BTC/USD bears heading for move towards psychological $10,000 territory

  • Bitcoin price in the second half of Tuesday is trading in the red, down some 1.35%. 
  • BTC/USD price action remains weighted to the downside, following the rejection within supply around $12,000 region. 
  • Price action via the daily chart view is constructing a potential inverse head and shoulders pattern.
Bitcoin technical analysis: BTC/USD bears heading for move towards psychological $10,000 territory
Ken ChigboKen ChigboIndependent Analyst

Spot rate:                 11,202.10

Relative change:      -2.30%

High:                        11,439.75

Low:                         11,200.23

BTC/USD

Overview
Today last price11206.33
Today Daily Change-180.35
Today Daily Change %-1.58
Today daily open11386.68
 
Trends
Daily SMA2010684.78
Daily SMA5010960.89
Daily SMA1009489.18
Daily SMA2006856.65
Levels
Previous Daily High11551.22
Previous Daily Low11222.3
Previous Weekly High12325.08
Previous Weekly Low10564.42
Previous Monthly High13195.19
Previous Monthly Low9080.79
Daily Fibonacci 38.2%11347.95
Daily Fibonacci 61.8%11425.57
Daily Pivot Point S111222.25
Daily Pivot Point S211057.82
Daily Pivot Point S310893.33
Daily Pivot Point R111551.17
Daily Pivot Point R211715.65
Daily Pivot Point R311880.09

BTC/USD daily chart

  • Price action via the daily is forming an inverse head and shoulders structure. 

BTC/USD 60-minute chart

  •  The price via 60-minute chart view has extended to the do

Author

Ken Chigbo

Ken Chigbo

Independent Analyst

Ken has over 8 years exposure to the financial markets. He started his career as an analyst, covering a variety of asset classes; forex, fixed income, commodities and equities.

More from Ken Chigbo
Share:

Editor's Picks

XRP extends decline as CLARITY Act setback reinforces bearish outlook

XRP extends decline as CLARITY Act setback reinforces bearish outlook

Ripple (XRP) trades lower around $1.28 on Wednesday, as investors broadly assess the impact of the failed United States (US) Senate vote on the CLARITY Act and the upcoming Federal Reserve (Fed) monetary decision.

Crypto Today: Bitcoin, Ethereum, XRP face headwinds as Fed decision looms

Crypto Today: Bitcoin, Ethereum, XRP face headwinds as Fed decision looms

Cryptocurrency prices are broadly retreating on Wednesday, with Bitcoin holding near $75,000. Ethereum holds below the support-turned-resistance at $2,400 while remaining structurally resilient. Meanwhile, Ripple is trading lethargically below $1.30.

Circle launches Arc mainnet with Wall Street validators as CLARITY Act stalls

Circle launches Arc mainnet with Wall Street validators as CLARITY Act stalls

Circle has publicly launched the Arc mainnet on Wednesday, an EVM-compatible Layer 1 blockchain built for financial markets, stablecoin payments, and AI agentic economic activities.

Bitcoin weakens as CLARITY Act fails to advance ahead of Fed decision

Bitcoin weakens as CLARITY Act fails to advance ahead of Fed decision

Bitcoin remains under pressure, trading below $76,000 at the time of writing on Wednesday after falling over 3% the previous day and as the CLARITY Act failed to advance in the US Senate. Mixed institutional demand suggests caution amid heightened Middle East tensions.

Bitcoin: BTC retreats as macro headwinds grow

Bitcoin: BTC retreats as macro headwinds grow

Bitcoin (BTC) remains under pressure, down over 4% this week and trading around $76,900 at the time of writing on Friday. Institutional demand shows signs of weakness as spot BTC Exchange Traded Funds (ETFs) are on track to end their three-week inflow streak, recording nearly $500 million in net outflows through Thursday.