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Bitcoin technical analysis: BTC/USD the big barrier of $9100 - 9500 is being tested

  • Bitcoin price is trading in negative territory, down some 1.45% in the second half of the session. 
  • BTC/USD price action is further narrowing within a pennant structure, subject to a breakout. 
  • Big supply area is seen running from $9100-9500, ahead of the psychological $10,000 mark.
Bitcoin technical analysis: BTC/USD the big barrier of $9100 - 9500 is being tested
Ken ChigboKen ChigboIndependent Analyst

BTC/USD weekly chart

The region of $9000 to $9500 remains a difficult hurdle for the bulls to break down. 

BTC/USD daily chart

BTC/USD price action via the daily chart view continues to narrow within a bullish pennant, subject to a breakout. 

Spot rate:                   9,277.10

Relative change:       -1.40%

High:                          9,487.54

Low:                           9,176.08

BTC/USD

Overview
Today last price9260.67
Today Daily Change-152.24
Today Daily Change %-1.62
Today daily open9412.91
 
Trends
Daily SMA208594.87
Daily SMA508732.43
Daily SMA1009592.86
Daily SMA2009070.94
 
Levels
Previous Daily High9580.19
Previous Daily Low9127.4
Previous Weekly High9938.64
Previous Weekly Low8964.78
Previous Monthly High10484.7
Previous Monthly Low7300.54
Daily Fibonacci 38.2%9407.22
Daily Fibonacci 61.8%9300.37
Daily Pivot Point S19166.81
Daily Pivot Point S28920.72
Daily Pivot Point S38714.03
Daily Pivot Point R19619.6
Daily Pivot Point R29826.29
Daily Pivot Point R310072.38

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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