Bitcoin technical analysis: BTC/USD bulls not far from big $15,000 milestone; double-digit gains on Wednesday


  • Bitcoin price on Wednesday is an outperformer, big gains of some 10.50 % in the second half of the day. 
  • BTC/USD bulls managed to break into the $12,000 territory, knocking down a large barrier. 
  • The next major milestone could very likely be $15,000, given the breakdown of $12,000-12,500 range. 

 

Spot rate:                 12,822.10

Relative change:      +10.55%

High:                        12,943.16

Low:                         11,671.45

 

BTC/USD

Overview
Today last price 12825.52
Today Daily Change 1069.81
Today Daily Change % 9.10
Today daily open 11755.71
 
Trends
Daily SMA20 9054.24
Daily SMA50 8243.57
Daily SMA100 6544.42
Daily SMA200 5114.61
Levels
Previous Daily High 11791.68
Previous Daily Low 11001.48
Previous Weekly High 10231.17
Previous Weekly Low 8801.71
Previous Monthly High 9090.94
Previous Monthly Low 5266.72
Daily Fibonacci 38.2% 11489.82
Daily Fibonacci 61.8% 11303.34
Daily Pivot Point S1 11240.9
Daily Pivot Point S2 10726.09
Daily Pivot Point S3 10450.69
Daily Pivot Point R1 12031.1
Daily Pivot Point R2 12306.49
Daily Pivot Point R3 12821.3

 

BTC/USD 60-minute chart

  • Price action was able to extend to the upside following a bullish flag breakout. 

 

BTC/USD weekly chart

  • The bulls have smashed through a large barrier seen at $12,000, making room for a $15,000 retest. 

Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.

Cryptos feed

Latest Crypto News & Analysis

Editors’ Picks

BTC/USD sinks beneath 50-day SMA, is recovery to $10k a pipe dream?

Bitcoin price recovery above $10,000 is gradually becoming a mirage following continued losses that have eyed $9,000 since the beginning of the week.

More Bitcoin News

Crypto Today: Bottomless 'pit' swallows Bitcoin and altcoins

Rampage has been the order of the day for three days in a row across the cryptocurrency market. Major digital assets such as Bitcoin, Ripple, and Ethereum have suffered greatly at the hand of the bears. 

More Cryptocurrencies News

Ethereum Price Analysis: Is $230 ETH/USD’s last shot at a bullish reversal?

The bloodshed in the cryptocurrency market has started to send jitters among investors and crypto enthusiasts. The losses across the board remain vaguely unexplained especially with the Coronavirus fast ...

More Ethereum News

Litecoin Price Analysis: Wave theory projects price to move lower still

Cryptocurrencies continue to fall on Wednesday adding to a heaving start to the week already. Litecoin is one of the worst-hit currently around 11.5% lower at the time of writing. 

More Litecoin News

BEST CRYPTO BROKERS/EXCHANGES

Bitcoin Weekly Forecast: BTC bulls plot the revenge

Bitcoin's market capitalization settled at $176 billion, which is 62.8% of the total digital assets market.

Read the weekly forecast

BTC

ETH

XRP