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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.

Ken Chigbo Independent 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 price	9260.67
Today Daily Change	-152.24
Today Daily Change %	-1.62
Today daily open	9412.91

Trends
Daily SMA20	8594.87
Daily SMA50	8732.43
Daily SMA100	9592.86
Daily SMA200	9070.94

Levels
Previous Daily High	9580.19
Previous Daily Low	9127.4
Previous Weekly High	9938.64
Previous Weekly Low	8964.78
Previous Monthly High	10484.7
Previous Monthly Low	7300.54
Daily Fibonacci 38.2%	9407.22
Daily Fibonacci 61.8%	9300.37
Daily Pivot Point S1	9166.81
Daily Pivot Point S2	8920.72
Daily Pivot Point S3	8714.03
Daily Pivot Point R1	9619.6
Daily Pivot Point R2	9826.29
Daily Pivot Point R3	10072.38

Author

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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BTC/USD weekly chart

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BTC/USD

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