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Bitcoin Technical Analysis: BTC/USD pulls back to test key intraday technical level

  • Bitcoin has moved into negative territory for the day falling over 1.11%.
  • The price is now testing a zone where a few technical points confluence.
Bitcoin Technical Analysis: BTC/USD pulls back to test key intraday technical level
Rajan Dhall, MSTARajan Dhall, MSTAFX Daily

BTC/USD 1-Hour Chart

Bitcoin is taking a dive on the intraday charts after hitting a high of 8,469.39 overnight.

Now the price has come to test the previous wave high of 8K.

This level is also a psychological zone and the 55 EMA also is very close by.

The price has touched the 55 EMA and just bounced to the upside at the time of writing.

Below this there is also a trendline which could act as support of 8K is broken.

Bitcoin Analysis

Additional Levels

BTC/USD

Overview
Today last price8070.7
Today Daily Change-88.29
Today Daily Change %-1.08
Today daily open8158.99
 
Trends
Daily SMA207317.38
Daily SMA507331.37
Daily SMA1007923.37
Daily SMA2009227.35
 
Levels
Previous Daily High8215.52
Previous Daily Low7725.66
Previous Weekly High7525.13
Previous Weekly Low6856.63
Previous Monthly High7770.78
Previous Monthly Low6432.05
Daily Fibonacci 38.2%8028.39
Daily Fibonacci 61.8%7912.78
Daily Pivot Point S17851.26
Daily Pivot Point S27543.53
Daily Pivot Point S37361.4
Daily Pivot Point R18341.12
Daily Pivot Point R28523.25
Daily Pivot Point R38830.98

Author

Rajan Dhall, MSTA

Rajan Dhall is an experienced market analyst, who has been trading professionally since 2007 managing various funds producing exceptional returns.

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