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Bitcoin Technical Analysis: BTC/USD lags behind Ethereum which already hade a breakout above $400

  • Ethereum continues leading the way while BTC remains flat.
  • BTC/USD did bounce from $11,000 up to $11,745 but a breakout still hasn’t occurred. 
Bitcoin Technical Analysis: BTC/USD lags behind Ethereum which already hade a breakout above $400
Lorenzo StroeLorenzo StroeIndependent Analyst

Ethereum already got his new breakout and leg up while Bitcoin continues trading at $11,745 below the crucial resistance level at $12,000. The market dominance of Bitcoin has dropped to 58%, a level not seen since June 2019.

BTC/USD daily chart

BTCUSD

It’s important to note that Bitcoin is still in a robust daily uptrend and bullish, however, it is slower than Ethereum which is currently taking the lead. The biggest resistance level remains at $12,000. Fortunately, bulls have been able to defend the daily 12-EMA and are at no risk right now.

BTC/USD technical levels

BTC/USD

Overview
Today last price11749.82
Today Daily Change-45.63
Today Daily Change %-0.39
Today daily open11795.45
 
Trends
Daily SMA2011289.12
Daily SMA5010058.95
Daily SMA1009748.6
Daily SMA2008875.98
 
Levels
Previous Daily High11802.48
Previous Daily Low11276.49
Previous Weekly High12112.72
Previous Weekly Low10583.38
Previous Monthly High11457.43
Previous Monthly Low8907.52
Daily Fibonacci 38.2%11601.55
Daily Fibonacci 61.8%11477.42
Daily Pivot Point S111447.13
Daily Pivot Point S211098.82
Daily Pivot Point S310921.15
Daily Pivot Point R111973.12
Daily Pivot Point R212150.79
Daily Pivot Point R312499.1

Author

Lorenzo Stroe

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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