Bitcoin technical analysis: BTC/USD critical daily trend line prevents devastation for now

  • Bitcoin price is trading down some 11% in the second half of the session on Friday. 
  • BTC/USD price action via the daily chart view is testing a critical daily trend line to the downside. 
  • The noted support can be seen tracking around $11,000 price mark. 


Spot rate:                11,682.06 

Relative change:      +2.95%

High:                        11,785.39

Low:                         11,085.27


Today last price 11686.03
Today Daily Change 340.12
Today Daily Change % 3.00
Today daily open 11345.91
Daily SMA20 11490.14
Daily SMA50 9659.22
Daily SMA100 7758.01
Daily SMA200 5758.57
Previous Daily High 12098.98
Previous Daily Low 10968.34
Previous Weekly High 12198.8
Previous Weekly Low 9657.13
Previous Monthly High 13862.09
Previous Monthly Low 7437.33
Daily Fibonacci 38.2% 11400.24
Daily Fibonacci 61.8% 11667.07
Daily Pivot Point S1 10843.17
Daily Pivot Point S2 10340.43
Daily Pivot Point S3 9712.53
Daily Pivot Point R1 11973.81
Daily Pivot Point R2 12601.72
Daily Pivot Point R3 13104.46


BTC/USD 60-minute chart

  • Upside is capped by a barrier running from $11,600-800 range via the 60-minute.


BTC/USD daily chart

  • Daily ascending trend line stops the bears from causing a chunky wave of selling pressure. 

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