Flavio Tosti
Independent Analyst
BTC/USD weekly chart
- BTC/USD has tried to hold on above $6,000 for the most part of 2018.
- A break of the level open the gates to $4,979 (September 1, 2017).
BTC/USD daily chart
- BTC/USD is trading below the 50, 100 and 200-day simple moving average suggesting a strong bearish bias.
- Technical indicators are in negative territories suggesting more losses ahead.
BTC/USD 30-minute chart
- On an intraday basis BTC/USD is way oversold, but considering the crash on the higher time frame, any rally should likely be sold into. Resistance levels are seen near 5,900 and the 6,000 level.
Additional key levels at a glance
BTC/USD
Overview:
Last Price: 5617.49
Daily change: -6.4e+4 pips
Daily change: -10.3%
Daily Open: 6259.76
Trends:
Daily SMA20: 6364.22
Daily SMA50: 6421.06
Daily SMA100: 6496.84
Daily SMA200: 6996.42
Levels:
Daily High: 6327.12
Daily Low: 6251.2
Weekly High: 6538.13
Weekly Low: 6310.18
Monthly High: 6783.05
Monthly Low: 6060.88
Daily Fibonacci 38.2%: 6280.2
Daily Fibonacci 61.8%: 6298.12
Daily Pivot Point S1: 6231.6
Daily Pivot Point S2: 6203.44
Daily Pivot Point S3: 6155.68
Daily Pivot Point R1: 6307.52
Daily Pivot Point R2: 6355.27
Daily Pivot Point R3: 6383.43
Note: All information on this page is subject to change. The use of this website constitutes acceptance of our user agreement. Please read our privacy policy and legal disclaimer. Opinions expressed at FXstreet.com are those of the individual authors and do not necessarily represent the opinion of FXstreet.com or its management. Risk Disclosure: Trading foreign exchange on margin carries a high level of risk, and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to invest in foreign exchange you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading, and seek advice from an independent financial advisor if you have any doubts.
Recommended Content
Editors’ Picks
Ethereum continues hinting at rally following reduced long liquidations
Ethereum has continued showing signs of a potential rally on Tuesday as most coins in the crypto market are also posting gains. This comes amid speculation of a potential decline following FTX ETH sales and normalizing ETH risk reversals.
HBAR price jumps 75% as BlackRock tokenizes Money Market Fund on Hedera
Archax, Ownera and The HBAR Foundation have enabled the first tokenization of BlackRock’s money market fund (MMF) on Hedera. Last year Hedera Council member abrdn’s successfully tokenized its MMFs on Hedera.
Bitcoin price holds above $66K as Morgan Stanley files prospectus to add BTC ETF exposure in two of its funds
Bitcoin (BTC) price remains range-bound, holding above the $63,000 level, while its upside is capped below $68,000, going against or delaying the assumption that the fourth halving would be a 'sell-the-news' outcome.
Crypto community reacts as BRICS considers launching stablecoin for international trade settlement
BRICS is intensifying efforts to reduce reliance on the US dollar after plans for a stablecoin effort surfaced online on Tuesday. Most people expect the stablecoin to be backed by gold, considering BRICS nations have been accumulating large holdings of the commodity.
Bitcoin: BTC post-halving rally could be partially priced in Premium
Bitcoin (BTC) price briefly slipped below the $60,000 level for the last three days, attracting buyers in this area as the fourth BTC halving is due in a few hours. Is the halving priced in for Bitcoin? Or will the pioneer crypto note more gains in the coming days?