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  • Bitcoin has been trading sideways for the past week and it’s flattening out.
  • BTC/USD has defended the daily 12-EMA several times which indicates decent bull strength.

Bitcoin is trading at $9,750 at the time of writing with very little trading action today. One of the most important indicators for which direction Bitcoin is most likely looking to take is the daily 12-EMA. The bulls managed to defend this level for almost two weeks. The most recent fall below the 12-EMA and the 26-EMA happened on May 24 when BTC dropped to $8,690. However, bulls pushed Bitcoin back up above both EMAs and continued with the daily uptrend.

BTC/USD 4-hour chart

BTCUSD

The 4-hour chart is extremely flat except for a few volatile candlesticks. Bitcoin is also trading above the 12-EMA and the 26-EMA here. The nearest resistance level is a high formed on June 9 at $9,843 followed by a spike at $9,891. After that, the bulls are looking at the $10,000 resistance level and the entire area between $10,000 and $10,500, the most crucial resistance area for Bitcoin.

BTC/USD technical levels

BTC/USD

Overview
Today last price 9765.88
Today Daily Change -13.27
Today Daily Change % -0.14
Today daily open 9779.15
 
Trends
Daily SMA20 9450.98
Daily SMA50 9040.07
Daily SMA100 7960.36
Daily SMA200 8134.47
 
Levels
Previous Daily High 9891.23
Previous Daily Low 9569.12
Previous Weekly High 10404.88
Previous Weekly Low 9279.17
Previous Monthly High 10074.48
Previous Monthly Low 8105.58
Daily Fibonacci 38.2% 9692.17
Daily Fibonacci 61.8% 9768.19
Daily Pivot Point S1 9601.77
Daily Pivot Point S2 9424.39
Daily Pivot Point S3 9279.65
Daily Pivot Point R1 9923.88
Daily Pivot Point R2 10068.61
Daily Pivot Point R3 10245.99

 

 

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