Bitcoin Technical Analysis: BTC/USD may have to return to $3000 territory if $5000 fails to hold

  • Bitcoin price on Thursday took a beating, nursing steep losses of some 4.3% in the second half of the day.
  • BTC/USD is at a threat of losing the $5000 price mark, given the current downside momentum. 
  • If the psychological $5000 loses ground then BTC/USD could soon be back down within the $3000 price region. 


Today last price 5061.62
Today Daily Change -258.73
Today Daily Change % -4.86
Today daily open 5320.35
Daily SMA20 4503.95
Daily SMA50 4129.35
Daily SMA100 3871.79
Daily SMA200 4636.27
Previous Daily High 5468.54
Previous Daily Low 5164.26
Previous Weekly High 5347.55
Previous Weekly Low 4052.2
Previous Monthly High 4130.71
Previous Monthly Low 3672.34
Daily Fibonacci 38.2% 5352.31
Daily Fibonacci 61.8% 5280.49
Daily Pivot Point S1 5166.89
Daily Pivot Point S2 5013.43
Daily Pivot Point S3 4862.6
Daily Pivot Point R1 5471.17
Daily Pivot Point R2 5622
Daily Pivot Point R3 5775.46


Spot rate:                  5058.28

Relative change:      -4.35%

High:                         5342.39

Low:                          4969.03


BTC/USD 60-minute chart

  • Bears broke a key near-term supporting ascending trend line which added to some downside pressure. 

BTC/USD daily chart

  • Failed to breakdown the supply area which tracks from $5100-5300 price range, ahead of the $5500 price mark. 


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