- BTC/USD continues trading sideways without a clear direction.
- Bitcoin price is at $9,155 while the trading volume continues declining every day.
Bitcoin has already lost a significant portion of its dominance against other altcoins. After trading sideways for such a long time, many coins are taking advantage of the situation to create massive rallies.
BTC/USD daily chart
Bitcoin is still below the daily 12-EMA but the bears are not getting any significant continuation moves. To resume its slight bullish trend, buyers would need to climb above both EMAs first.
It’s important to note that cryptocurrencies that trade sideways with decreasing trading volume are always getting closer to a massive breakout. While it’s unclear in which direction Bitcoin will go next, the last three to four months have been generally bullish for the entire market.
BTC/USD technical levels
|Today last price||9155.87|
|Today Daily Change||24.62|
|Today Daily Change %||0.27|
|Today daily open||9131.25|
|Previous Daily High||9214.27|
|Previous Daily Low||9020.75|
|Previous Weekly High||9475.54|
|Previous Weekly Low||8907.51|
|Previous Monthly High||10404.88|
|Previous Monthly Low||8823.34|
|Daily Fibonacci 38.2%||9094.67|
|Daily Fibonacci 61.8%||9140.35|
|Daily Pivot Point S1||9029.9|
|Daily Pivot Point S2||8928.56|
|Daily Pivot Point S3||8836.38|
|Daily Pivot Point R1||9223.43|
|Daily Pivot Point R2||9315.62|
|Daily Pivot Point R3||9416.96|
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