Bitcoin Technical Analysis: BTC/USD briefly dips below $9,000 and loses the daily uptrend

Bitcoin slipped below $9,000 but managed to quickly recover towards $9,250.
The daily uptrend is lost and the selling pressure keeps mounting.

Lorenzo Stroe Independent Analyst

Bitcoin lost the daily 12-EMA and the 26-EMA on June 24 after a notable crash towards $9,000. On June 25, Bitcoin finally succumbed and dipped below $9,000 but not for long. The top-ranked digital asset remains inside a daily ascending parallel channel formed at the beginning of May.

BTC/USD daily chart

Unfortunately, after losing $9,160, the daily uptrend was also lost and bulls need to prove themselves by trying to close above the 12 and 26-EMAs which are on the verge of a bear cross for the first time since February 25.

BTC/USD technical levels

BTC/USD

Overview
Today last price	9254.12
Today Daily Change	-32.00
Today Daily Change %	-0.34
Today daily open	9286.12

Trends
Daily SMA20	9518.07
Daily SMA50	9438.26
Daily SMA100	8264.38
Daily SMA200	8291.09

Levels
Previous Daily High	9663.81
Previous Daily Low	9196.1
Previous Weekly High	9589.87
Previous Weekly Low	8899.05
Previous Monthly High	10074.48
Previous Monthly Low	8105.58
Daily Fibonacci 38.2%	9374.76
Daily Fibonacci 61.8%	9485.15
Daily Pivot Point S1	9100.21
Daily Pivot Point S2	8914.3
Daily Pivot Point S3	8632.49
Daily Pivot Point R1	9567.92
Daily Pivot Point R2	9849.72
Daily Pivot Point R3	10035.64

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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Bitcoin Technical Analysis: BTC/USD briefly dips below $9,000 and loses the daily uptrend