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Bitcoin technical analysis: BTC/USD seven consecutive days of gains; jumping some 25%

  • Bitcoin price is running with strong gains on Monday, over 7% in the session.
  • BTC/USD bulls are running at their seventh consecutive session in the green. 
  • The price is up over 26% within the noted period, as it makes another attempt at all-time highs. 
Bitcoin technical analysis: BTC/USD seven consecutive days of gains; jumping some 25%
Ken ChigboKen ChigboIndependent Analyst

Spot rate:                 11,794.10

Relative change:      +7.50%

High:                         11,858.66

Low:                          10,978.69

BTC/USD

Overview
Today last price11783.86
Today Daily Change805.39
Today Daily Change %7.34
Today daily open10978.47
 
Trends
Daily SMA2010112.14
Daily SMA5010653.94
Daily SMA1008979.12
Daily SMA2006534.11
Levels
Previous Daily High11085.33
Previous Daily Low10564.42
Previous Weekly High10669.04
Previous Weekly Low9112.54
Previous Monthly High13195.19
Previous Monthly Low9080.79
Daily Fibonacci 38.2%10886.34
Daily Fibonacci 61.8%10763.41
Daily Pivot Point S110666.81
Daily Pivot Point S210355.16
Daily Pivot Point S310145.9
Daily Pivot Point R111187.73
Daily Pivot Point R211396.99
Daily Pivot Point R311708.65

BTC/USD 60-minute chart

  • Price action moving within a bullish pennant structure via the 60-minute view. 

BTC/USD daily chart

  • The next major barrier of interest for the bulls will be $12,500-13,000 price range, where it has faltered in late June and early July. 

Author

Ken Chigbo

Ken Chigbo

Independent Analyst

Ken has over 8 years exposure to the financial markets. He started his career as an analyst, covering a variety of asset classes; forex, fixed income, commodities and equities.

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