Bitcoin technical analysis: BTC/USD bears pressing for another push back below $10,000


  • Bitcoin price is nursing losses on Friday of some 3% in the second half of the session.
  • BTC/USD ran into a chunky supply region, $10,500-800 price range, forcing a retreat. 
  • Given the current downside pressure the bears likely heading for another push below $10,000. 

 

Spot rate:                  10,348.11

Relative change:      -3.05%

High:                         10,772.91

Low:                          10,113.85

BTC/USD

Overview
Today last price 10350.66
Today Daily Change -297.22
Today Daily Change % -2.79
Today daily open 10647.88
 
Trends
Daily SMA20 11158.04
Daily SMA50 9983.11
Daily SMA100 8144.43
Daily SMA200 5993.61
Levels
Previous Daily High 10794.22
Previous Daily Low 9280.44
Previous Weekly High 13195.19
Previous Weekly Low 10968.34
Previous Monthly High 13862.09
Previous Monthly Low 7437.33
Daily Fibonacci 38.2% 10215.96
Daily Fibonacci 61.8% 9858.71
Daily Pivot Point S1 9687.47
Daily Pivot Point S2 8727.06
Daily Pivot Point S3 8173.69
Daily Pivot Point R1 11201.26
Daily Pivot Point R2 11754.63
Daily Pivot Point R3 12715.04

 

BTC/USD 60-minute chart

  • Price is losing further near-term momentum, with eyes on the below demand, $9400-100 range. 

 

BTC/USD daily chart

  • The downside pressure is picking up the pace after failing to sustain a technical correction on Thursday. A critical trend line can be seen just below.

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