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Bitcoin technical analysis: BTC/USD trying to cling on to the big $10,000

  • Bitcoin price in the session on Thursday is trading in negative territory by some 0.25%.

  • BTC/USD bears managed to force a breakout to the downside of the big psychological $10,000 mark. 

  • The price has been able to catch some near-term support within a known area of demand, $10,000-9,000 price range. 

Bitcoin technical analysis: BTC/USD trying to cling on to the big $10,000
Ken ChigboKen ChigboIndependent Analyst

Spot rate:                  10,038.25

Relative change:      -0,25%

High:                         10,203.89

Low:                          10,046.93 5

BTC/USD

Overview
Today last price10010.76
Today Daily Change-12.11
Today Daily Change %-0.12
Today daily open10022.87
 
Trends
Daily SMA2010746.09
Daily SMA5010922.78
Daily SMA1009583.18
Daily SMA2006925.44
Levels
Previous Daily High10859.91
Previous Daily Low9896.7
Previous Weekly High12325.08
Previous Weekly Low10564.42
Previous Monthly High13195.19
Previous Monthly Low9080.79
Daily Fibonacci 38.2%10264.64
Daily Fibonacci 61.8%10491.96
Daily Pivot Point S19659.74
Daily Pivot Point S29296.61
Daily Pivot Point S38696.53
Daily Pivot Point R110622.96
Daily Pivot Point R211223.04
Daily Pivot Point R311586.18

BTC/USD daily chart

  • The falling price managed to catch some support, after dipping into a known large demand zone, $10,000 down to $9,000 price range. 

BTC/USD 4-hour chart

  • Price action via the 4-hour chart view has formed a morning star/reversal doji candlestick. It suggests of a potential pullback, depending on bullish momentum.

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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