Bitcoin Technical Analysis: BTC/USD on the launch pad for further potential gains

  • Bitcoin price on Friday is trading in very minor positive territory, up just 0.10% in the second half of the session.
  • BTC/USD remains at elevated levels as the bulls eying up the $5500 territory. 
  • The next major area should $5500 be broken down will be $6000 territory. 

Spot rate:                  5278.69

Relative change:      +0.10%

High:                         5288.36

Low:                          5196.70


Today last price 5273.85
Today Daily Change -8.28
Today Daily Change % -0.16
Today daily open 5282.13
Daily SMA20 4964.06
Daily SMA50 4330.6
Daily SMA100 3975.63
Daily SMA200 4579.78
Previous Daily High 5318.43
Previous Daily Low 5221.88
Previous Weekly High 5468.54
Previous Weekly Low 4912.39
Previous Monthly High 4130.71
Previous Monthly Low 3672.34
Daily Fibonacci 38.2% 5281.55
Daily Fibonacci 61.8% 5258.76
Daily Pivot Point S1 5229.86
Daily Pivot Point S2 5177.6
Daily Pivot Point S3 5133.31
Daily Pivot Point R1 5326.41
Daily Pivot Point R2 5370.69
Daily Pivot Point R3 5422.96


BTC/USD 60-minute chart

  • Price action via the 60-minute chart view is narrowing greatly within a range-block formation, subject to a breakout.

BTC/USD daily chart

  • Bitcoin is moving within a bullish pennant pattern structure, eyes on a breakout. 

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