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.

Lorenzo Stroe Independent 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

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 price	11749.82
Today Daily Change	-45.63
Today Daily Change %	-0.39
Today daily open	11795.45

Trends
Daily SMA20	11289.12
Daily SMA50	10058.95
Daily SMA100	9748.6
Daily SMA200	8875.98

Levels
Previous Daily High	11802.48
Previous Daily Low	11276.49
Previous Weekly High	12112.72
Previous Weekly Low	10583.38
Previous Monthly High	11457.43
Previous Monthly Low	8907.52
Daily Fibonacci 38.2%	11601.55
Daily Fibonacci 61.8%	11477.42
Daily Pivot Point S1	11447.13
Daily Pivot Point S2	11098.82
Daily Pivot Point S3	10921.15
Daily Pivot Point R1	11973.12
Daily Pivot Point R2	12150.79
Daily Pivot Point R3	12499.1

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.